ALTR Altair Engineering PE ratio, current and historical analysis
The P/E ratio for Altair Engineering stock stands at 254.51 as of Nov 21, 2024. This is calculated based on the TTM EPS of $0.41 and the stock price of $104.35 per share.
ALTR PE ratio history
Over the last six years, the average PE ratio of Altair Engineering has been 1104.21. The current 254.51 price-to-earnings ratio is 77% less than the historical average. Analyzing the last six years, ALTR's PE ratio reached its highest point in the Jun 2019 quarter at 4,039, with a price of $40.39 and an EPS of $0.01. The Dec 2018 quarter saw the lowest point at 119.91, with a price of $27.58 and an EPS of $0.23.
Altair Engineering PE ratio by year
| Year | PE ratio | Change |
|---|---|---|
| 2023 | N/A | N/A |
| 2022 | N/A | N/A |
| 2021 | N/A | N/A |
| 2020 | N/A | N/A |
| 2019 | N/A | N/A |
| 2018 | 119.91 | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
ALTR average PE ratio chart
ALTR PE vs peers
When compared to its peer stocks IBM and TXN, ALTR's PE ratio is higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| IBM International Business Machines Corp | 31.82 | $205.64B |
| TXN Texas Instruments Inc | 36.57 | $180.8B |
| LSCC Lattice Semiconductor Corp | 50.25 | $7.21B |
| ALTR Altair Engineering Inc | 254.51 | $8.88B |
| INTC Intel Corp | N/A | $105.41B |
| QUIK QUICKLOGIC Corp | N/A | $110.6M |
Frequently asked questions
What is Altair Engineering's PE ratio?
As of Nov 21, 2024, ALTR stock has a price to earnings ratio of 254.51.
What is the highest PE ratio for ALTR?
Over the last six years, the quarterly PE ratio reached its highest level at 4,039 in the Jun 2019 quarter.
How does the current PE ratio for ALTR compare to its historical average?
The current PE ratio of ALTR is 77% lower than the 6-year historical average.
Why is Altair Engineering's PE ratio so high?
ALTR's PE ratio is high because its earnings per share (EPS) is low relative to its stock price.
How is ALTR's PE ratio calculated (Altair Engineering PE ratio formula)?
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Nov 21, 2024), Altair Engineering's share price is $104.35. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $0.41. Therefore, Altair Engineering's price to earnings ratio for today is 254.51. PE RATIO(254.51) = STOCK PRICE($104.35) / TTM EPS($0.41)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.