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ALTR Altair Engineering PE ratio, current and historical analysis

  1. Stocks
  2. Technology
  3. NASDAQ: ALTR
  4. PE Ratio

The P/E ratio for Altair Engineering stock stands at 265.85 as of Dec 20, 2024. This is calculated based on the TTM EPS of $0.41 and the stock price of $109 per share.

ALTR PE ratio history

How has ALTR's PE ratio performed in the past

Over the last six years, the average PE ratio of Altair Engineering has been 1104.21. The current 265.85 price-to-earnings ratio is 76% 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.

Average
1,104.21
Median
503.2
Minimum
119.91
Maximum
4,039

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

What is the average PE ratio of ALTR for the past years
3-year avg
N/A
5-year avg
N/A
10-year avg
N/A
15-year avg
N/A

ALTR PE vs peers

What is ALTR's PE ratio compared to its 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 31.95 $206.53B
TXN Texas Instruments Inc 34.48 $170.47B
LSCC Lattice Semiconductor Corp 55.64 $7.98B
ALTR Altair Engineering Inc 265.85 $9.27B
INTC Intel Corp N/A $84.19B
QUIK QUICKLOGIC Corp N/A $115.3M

Frequently asked questions

What is Altair Engineering's PE ratio?

As of Dec 20, 2024, ALTR stock has a price to earnings ratio of 265.85.

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 76% 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 (Dec 20, 2024), Altair Engineering's share price is $109. 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 265.85. PE RATIO(265.85) = STOCK PRICE($109) / TTM EPS($0.41)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from and Sharadar.