P/E ratio for Albany International (AIN)
P/E ratio as of May 2024 (TTM): 33.5
According to Albany International 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 33.4735. At the end of 2022 the company had a P/E ratio of 32.4.
P/E ratio history for Albany International from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 32.4 | 34.2% |
| 2021 | 24.2 | 0.39% |
| 2020 | 24.1 | 29.68% |
| 2019 | 18.6 | -23.29% |
| 2018 | 24.2 | -62.2% |
| 2017 | 64.0 | 126.73% |
| 2016 | 28.2 | 37.49% |
| 2015 | 20.5 | -29.73% |
| 2014 | 29.2 | -54.45% |
| 2013 | 64.2 | 177.24% |
| 2012 | 23.1 | 12.11% |
| 2011 | 20.6 | 5.44% |
| 2010 | 19.6 | -196.76% |
| 2009 | -20.2 | 314.46% |
| 2008 | -4.88 | -108.03% |
| 2007 | 60.8 | 258.52% |
| 2006 | 17.0 | 5.56% |
| 2005 | 16.1 | -84.92% |
| 2004 | 107 | 418.58% |
| 2003 | 20.5 | 33.26% |
| 2002 | 15.4 | -26.11% |
| 2001 | 20.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 General Electric GE | 19.3 | -42.41% | 🇺🇸 USA |
 Interface TILE | 197 | 487.03% | 🇺🇸 USA |
 Kadant KAI | 29.0 | -13.33% | 🇺🇸 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.