P/E ratio for Alamo Group (ALG)
P/E ratio as of April 2024 (TTM): 19.7
According to Alamo Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.7147. At the end of 2022 the company had a P/E ratio of 16.5.
P/E ratio history for Alamo Group from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.5 | -23.97% |
| 2021 | 21.7 | -22.74% |
| 2020 | 28.1 | 19.72% |
| 2019 | 23.5 | 91.21% |
| 2018 | 12.3 | -58.25% |
| 2017 | 29.4 | 35.19% |
| 2016 | 21.7 | 59% |
| 2015 | 13.7 | -2.04% |
| 2014 | 14.0 | -31% |
| 2013 | 20.2 | 50.61% |
| 2012 | 13.4 | 35.17% |
| 2011 | 9.94 | -36.42% |
| 2010 | 15.6 | 64.95% |
| 2009 | 9.48 | -29.02% |
| 2008 | 13.3 | -7.18% |
| 2007 | 14.4 | -27.67% |
| 2006 | 19.9 | 11.53% |
| 2005 | 17.8 | -8.77% |
| 2004 | 19.5 | 6.28% |
| 2003 | 18.4 | -0.94% |
| 2002 | 18.6 | 44.58% |
| 2001 | 12.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Deere & Company DE | 11.7 | -40.77% | 🇺🇸 USA |
 Snap-on SNA | 15.1 | -23.39% | 🇺🇸 USA |
 The Toro Company
TTC | 23.3 | 18.42% | 🇺🇸 USA |
 Lindsay Corporation
LNN | 17.5 | -11.42% | 🇺🇸 USA |
 AGCO AGCO | 7.53 | -61.81% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.