Altair Engineering Inc.
ALTR
Rank in Stocks
#2241
Altair Engineering Inc., along with its affiliates, delivers cutting-edge... Altair Engineering Inc., along with its affiliates, delivers cutting-edge software and cloud-based solutions globally, spanning critical domains such as simulation, high-performance computing (HPC), data analytics, and artificial intelligence. The company operates through two primary divisions: Software Segment: This segment encompasses a wide array of products, including advanced solvers and optimization technologies, HPC software applications complemented by hardware, intuitive modeling and visualization tools, comprehensive data analytics platforms, and an Internet of Things (IoT) platform with integrated analytics capabilities. It also features specialized software for computational fluid dynamics (CFD), fatigue analysis, manufacturing process simulation, and cost estimation, catering to diverse sectors like marine, motorcycle, aerospace, chemical, and architecture. Beyond products, it offers expert software-related services such as consulting, implementation, and training, applying deep product design and development expertise from component-level analysis to complete product engineering across the entire lifecycle. Client Engineering Services Segment: This division focuses on providing direct engineering support to clients. Furthermore, Altair develops and markets solid-state lighting technology, specifically LED lamps designed to directly replace fluorescent tubes, utilizing its proprietary communication and control protocols. Its sophisticated, integrated software suite empowers users to optimize design performance across multiple engineering disciplines, including structural integrity, motion dynamics, fluid dynamics, thermal management, electromagnetics, system modeling, and embedded systems. Altair serves a broad and varied customer base, which includes academic institutions, governmental bodies, manufacturing enterprises, pharmaceutical companies, financial services firms (banking, finance, insurance), meteorological agencies, and electronics design companies. Founded in 1985, Altair Engineering Inc. maintains its corporate headquarters in Troy, Michigan.
Share Price
$111.85
Last synced: 2025-03-26
Market Cap
$9.00B
Change (1 day)
0.00%
Change (1 year)
0.00%
Country
US
Trade Altair Engineering Inc. (ALTR)
Category
Technology
P/E ratio for Altair Engineering Inc. (ALTR)
P/E ratio as of October 2026 TTM: 657.94
According to Altair Engineering Inc. latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 657.94. At the end of 2023 the company had a P/E ratio of -759.82.
P/E ratio history for Altair Engineering Inc. from 2015 to 2026
P/E ratio at the end of each year
| Year | P/E Ratio | Change |
|---|---|---|
| 2026 (TTM) | 657.94 | 1.65% |
| 2024 | 647.23 | -185.18% |
| 2023 | -759.82 | 813.17% |
| 2022 | -83.21 | -87.58% |
| 2021 | -669.79 | 65.04% |
| 2020 | -405.82 | 19.13% |
| 2019 | -340.65 | -328.99% |
| 2018 | 148.76 | -1,278.34% |
| 2017 | -12.62 | -113.94% |
| 2016 | 90.54 | 7.56% |
| 2015 | 84.18 | 0.00% |
P/E ratio for similar companies or competitors
| Company | P/E Ratio | P/E Ratio Difference | Country |
|---|---|---|---|
| 29.65 | -95.49% |
US
|
|
| 159.50 | -75.76% |
US
|
|
| 20.15 | -96.94% |
US
|
|
| 815.30 | 23.92% |
US
|
|
| 7.08K | 976.40% |
US
|
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.