P/E ratio for Armstrong World Industries (AWI)
P/E ratio as of April 2024 (TTM): 23.2
According to Armstrong World Industries 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.1673. At the end of 2022 the company had a P/E ratio of 15.7.
P/E ratio history for Armstrong World Industries from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.7 | -48.22% |
| 2021 | 30.2 | -183.81% |
| 2020 | -36.1 | -269.1% |
| 2019 | 21.3 | 33.06% |
| 2018 | 16.0 | -40.94% |
| 2017 | 27.2 | 22.12% |
| 2016 | 22.2 | -17.83% |
| 2015 | 27.1 | -38.6% |
| 2014 | 44.1 | 23.16% |
| 2013 | 35.8 | 56.59% |
| 2012 | 22.9 | -1.03% |
| 2011 | 23.1 | -89.8% |
| 2010 | 226 | 690.62% |
| 2009 | 28.6 | 88.01% |
| 2008 | 15.2 | -1.69% |
| 2007 | 15.5 | -71.63% |
| 2006 | 54.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Fortune Brands Home & Security
FBHS | 11.2 | -51.84% | 🇺🇸 USA |
 Masco MAS | 19.7 | -14.84% | 🇺🇸 USA |
 Mohawk Industries
MHK | -13.3 | -157.20% | 🇺🇸 USA |
 Patrick Industries PATK | 15.4 | -33.69% | 🇺🇸 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.