Altair Engineering
ALTR
#2082
Rank
$6.83 B
Marketcap
$82.32
Share price
1.92%
Change (1 day)
17.05%
Change (1 year)

P/E ratio for Altair Engineering (ALTR)

P/E ratio as of April 2024 (TTM): -142

According to Altair Engineering 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -141.702. At the end of 2022 the company had a P/E ratio of -82.7.

P/E ratio history for Altair Engineering from 2017 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-82.7-87.17%
2021-64466.12%
2020-3888.01%
2019-359-399.47%
2018120-956.38%
2017-14.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-87.6-38.18%๐Ÿ‡บ๐Ÿ‡ธ USA
23.8-116.81%๐Ÿ‡บ๐Ÿ‡ธ USA
20.9-114.76%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
-26.1-81.57%๐Ÿ‡บ๐Ÿ‡ธ USA
44.3-131.27%๐Ÿ‡บ๐Ÿ‡ธ 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.