Altair Engineering
ALTR
#2154
Rank
$6.02 B
Marketcap
$74.26
Share price
-0.59%
Change (1 day)
34.33%
Change (1 year)

P/E ratio for Altair Engineering (ALTR)

P/E ratio as of June 2023 (TTM): -103

According to Altair Engineering 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -103.139. At the end of 2021 the company had a P/E ratio of -644.

P/E ratio history for Altair Engineering from 2017 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021-644
2019-359-139.06%
2018919-6665.6%
2017-14.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
15.9-115.39%๐Ÿ‡บ๐Ÿ‡ธ USA
66.9-164.82%๐Ÿ‡บ๐Ÿ‡ธ USA
19.0-118.42%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
-17.9-82.66%๐Ÿ‡บ๐Ÿ‡ธ USA
56.0-154.33%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.