Altair Engineering (ALTR)
(Delayed Data from NSDQ)
$85.68 USD
+0.48 (0.56%)
Updated May 9, 2024 04:00 PM ET
After-Market: $85.64 -0.04 (-0.05%) 7:58 PM ET
3-Hold of 5 3
F Value A Growth A Momentum B VGM
Fundamental Charts
About PEG Ratio (TTM)
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its long-term growth rate consensus. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
ALTR 85.68 +0.48(0.56%)
Will ALTR be a Portfolio Killer in May?
Zacks Investment Research is releasing its prediction for ALTR based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for ALTR
BCKIY vs. ALTR: Which Stock Is the Better Value Option?
Altair Engineering (ALTR) Q1 Earnings and Revenues Surpass Estimates
ALTR: What are Zacks experts saying now?
Zacks Private Portfolio Services
Altair (ALTR) Buys Cambridge Semantics, Enhances AI Technology (Revised)
Altair (ALTR) Buys Cambridge Semantics, Enhances AI Technology
KBR's K-GreeN to Support Holmaneset Green Energy Project
Other News for ALTR
Oppenheimer Keeps Their Buy Rating on Altair Engineering (ALTR)
Analysts Are Bullish on Top Technology Stocks: Altair Engineering (ALTR), Fortinet (FTNT)
Altair Engineering (ALTR) Receives a Buy from Loop Capital Markets
Analysts Offer Insights on Technology Companies: Grid Dynamics Holdings (GDYN), Block (SQ) and Altair Engineering (ALTR)
Altair Engineering: Hold Rating Amidst Strong Q1 Performance and Strategic Verticalization Despite Macroeconomic Uncertainties