P/E ratio for Armstrong World Industries (AWI)
P/E ratio as of March 2023 (TTM): 15.6
According to Armstrong World Industries 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.5815. At the end of 2021 the company had a P/E ratio of 30.2.
P/E ratio history for Armstrong World Industries from 2007 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 30.2 | -183.81% |
| 2020 | -36.1 | -269.1% |
| 2019 | 21.3 | 33.06% |
| 2018 | 16.0 | |
| 2016 | 22.2 | -17.83% |
| 2015 | 27.1 | -38.6% |
| 2014 | 44.1 | 23.16% |
| 2013 | 35.8 | 56.59% |
| 2012 | 22.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Fortune Brands Home & Security
FBHS | 11.2 | -28.40% | 🇺🇸 USA |
 Masco MAS | 13.0 | -16.55% | 🇺🇸 USA |
 Mohawk Industries
MHK | 292 | 1,771.49% | 🇺🇸 USA |
 Patrick Industries PATK | 4.55 | -70.77% | 🇺🇸 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.