P/E ratio for Allegion (ALLE)
P/E ratio as of May 2024 (TTM): 19.1
According to Allegion 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.0946. At the end of 2022 the company had a P/E ratio of 20.2.
P/E ratio history for Allegion from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.2 | -17.92% |
| 2021 | 24.7 | -27.64% |
| 2020 | 34.1 | 17.69% |
| 2019 | 29.0 | 66.42% |
| 2018 | 17.4 | -37% |
| 2017 | 27.6 | 3.16% |
| 2016 | 26.8 | -34.6% |
| 2015 | 40.9 | 34.36% |
| 2014 | 30.5 | -77.59% |
| 2013 | 136 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Fortune Brands Home & Security
FBHS | 11.2 | -41.57% | 🇺🇸 USA |
 Stanley Black & Decker
SWK | -230 | -1,303.22% | 🇺🇸 USA |
 CompX International CIX | 18.7 | -2.05% | 🇺🇸 USA |
 Spectrum Brands
SPB | 1.84 | -90.39% | 🇺🇸 USA |
 NL Industries NL | -15.7 | -182.15% | 🇺🇸 USA |
 Brady BRC | 17.7 | -7.44% | 🇺🇸 USA |
 ADT ADT | 81.3 | 325.51% | 🇺🇸 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.