P/E ratio for Alamo Group (ALG)
P/E ratio as of September 2023 (TTM): 16.8
According to Alamo Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.8435. At the end of 2021 the company had a P/E ratio of 21.7.
P/E ratio history for Alamo Group from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 21.7 | |
| 2019 | 23.5 | 91.21% |
| 2018 | 12.3 | -58.25% |
| 2017 | 29.4 | 35.19% |
| 2016 | 21.7 | 59% |
| 2015 | 13.7 | |
| 2013 | 20.2 | |
| 2011 | 9.94 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Deere & Company DE | 11.3 | -32.86% | 🇺🇸 USA |
 Snap-on SNA | 13.8 | -17.96% | 🇺🇸 USA |
 The Toro Company
TTC | 22.8 | 35.25% | 🇺🇸 USA |
 Lindsay Corporation
LNN | 18.2 | 7.88% | 🇺🇸 USA |
 AGCO AGCO | 7.90 | -53.10% | 🇺🇸 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.