Allegion
ALLE
#1437
Rank
$12.29 B
Marketcap
$141.38
Share price
-0.02%
Change (1 day)
34.60%
Change (1 year)

P/E ratio for Allegion (ALLE)

P/E ratio as of November 2024 (TTM): 22.3

According to Allegion 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.2997. At the end of 2022 the company had a P/E ratio of 20.2.

P/E ratio history for Allegion from 2013 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202220.2-17.92%
202124.7-27.64%
202034.117.69%
201929.066.42%
201817.4-37%
201727.63.16%
201626.8-34.6%
201540.934.36%
201430.5-77.59%
2013136

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
11.2-49.97%๐Ÿ‡บ๐Ÿ‡ธ USA
94.3 322.65%๐Ÿ‡บ๐Ÿ‡ธ USA
2.03-90.91%๐Ÿ‡บ๐Ÿ‡ธ USA
-223-1,100.57%๐Ÿ‡บ๐Ÿ‡ธ USA
16.5-26.22%๐Ÿ‡บ๐Ÿ‡ธ USA
-15.9-171.31%๐Ÿ‡บ๐Ÿ‡ธ USA
21.8-2.28%๐Ÿ‡บ๐Ÿ‡ธ USA

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.