Altair Engineering (ALTR)
(Delayed Data from NSDQ)
$98.87 USD
+0.73 (0.74%)
Updated Jul 5, 2024 04:00 PM ET
After-Market: $99.07 +0.20 (0.20%) 7:58 PM ET
3-Hold of 5 3
F Value A Growth C Momentum C 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 98.87 +0.73(0.74%)
Will ALTR be a Portfolio Killer in July?
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
Push for Low-Carbon Economy Aids Quanta (PWR) Amid Volatility
Altair (ALTR) Intends to Buy Metrics, Expands in the EDA Market
ALTR: What are Zacks experts saying now?
Zacks Private Portfolio Services
Altair (ALTR) Enhances 3D Printing Capabilities With HP Deal
BCKIY vs. ALTR: Which Stock Is the Better Value Option?
BCKIY or ALTR: Which Is the Better Value Stock Right Now?
Other News for ALTR
Tech Is Consolidating And The Market’s Seeking New Leadership
First Week of August 16th Options Trading For Altair Engineering (ALTR)
Altair Announces Material Collaboration with HP Inc.
Altair Engineering signs material agreement with HP Inc.
Altair Named a Leader in the June 2024 Gartner® Magic Quadrant™ for Data Science and Machine Learning Platforms