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 | -644 | 66.12% |
| 2020 | -388 | 8.01% |
| 2019 | -359 | -399.47% |
| 2018 | 120 | -956.38% |
| 2017 | -14.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Intel INTC | -87.6 | -38.18% | 🇺🇸 USA |
 IBM IBM | 23.8 | -116.81% | 🇺🇸 USA |
 Texas Instruments TXN | 20.9 | -114.76% | 🇺🇸 USA |
 Maxim Integrated
MXIM | N/A | N/A | 🇺🇸 USA |
 Xilinx XLNX | N/A | N/A | 🇺🇸 USA |
 Quicklogic QUIK | -26.1 | -81.57% | 🇺🇸 USA |
 Lattice Semiconductor LSCC | 44.3 | -131.27% | 🇺🇸 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.