The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2024-04-29), Altair Nanotechnologies's share price is
$9.50.
Altair Nanotechnologies's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2016 was $-0.67. Therefore, Altair Nanotechnologies's PE Ratio (TTM) for today is At Loss.
The historical rank and industry rank for Altair Nanotechnologies's PE Ratio (TTM) or its related term are showing as below:
ALTI'
s PE Ratio (TTM) Range Over the Past 10 Years
Min: At Loss Med: At Loss Max: At Loss
Current: At Loss
ALTI's PE Ratio (TTM) is not ranked
in the Hardware industry.
Industry Median: 23.79
vs ALTI: At Loss
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Altair Nanotechnologies's PE Ratio (TTM)
For the Electronic Components subindustry, Altair Nanotechnologies's PE Ratio (TTM), along with its competitors' market caps and PE Ratio (TTM) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Altair Nanotechnologies's PE Ratio (TTM) Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Altair Nanotechnologies's PE Ratio (TTM) distribution charts can be found below:
* The bar in red indicates where Altair Nanotechnologies's PE Ratio (TTM) falls into.
Altair Nanotechnologies PE Ratio (TTM) Calculation
The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.
Altair Nanotechnologies's Share Price of today is $9.50.
Altair Nanotechnologies's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.67.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
There are at least three kinds of PE Ratio (TTM)s used by different investors. They are Trailing Twelve Month PE Ratio (TTM) or PE Ratio (TTM) (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio (TTM) based on inflation-adjusted normalized PE Ratio (TTM) is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Altair Nanotechnologies (OTCPK:ALTI) PE Ratio (TTM) Explanation
The PE Ratio (TTM) can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio (TTM) is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio (TTM) is positive. Also for stocks with the same PE Ratio (TTM), the one with faster growth business is more attractive.
If a company loses money, the PE Ratio (TTM) becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio (TTM) divided by the growth ratio. He thinks a company with a PE Ratio (TTM) equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio (TTM) of 20, instead of a company growing 10% a year with a PE Ratio (TTM) of 10.
Because the PE Ratio (TTM) measures how long it takes to earn back the price you pay, the PE Ratio (TTM) can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio (TTM) can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio (TTM)s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio (TTM) is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .
PE Ratio (TTM) can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio (TTM).
Altair Nanotechnologies PE Ratio (TTM) Related Terms
Thank you for viewing the detailed overview of Altair Nanotechnologies's PE Ratio (TTM) provided by GuruFocus.com. Please click on the following links to see related term pages.
Altair Nanotechnologies (Altair Nanotechnologies) Business Description
Altair Nanotechnologies Inc was incorporated under the laws of the Province of Ontario, Canada in April 1973. The Company develops, manufactures and sells nano lithium titanate batteries and energy storage systems. Its nano lithium titanate battery systems offer higher power density, longer cycle life, rapid charge and discharge capabilities, operating temperature range and higher levels of safety than conventional lithium-ion batteries. The Company targets applications that effectively utilize the key attributes of its technology. It operates in two major business segments: Power and Energy Group, and All Other operations. The Power and Energy Group develops, produces, and sells battery systems. The All Others group consists of the remaining portions of the previous Life Sciences and Performance Materials groups. Its target market is electric grid, which design, manufacture and sell grid-scale battery systems, which provide ancillary services including frequency regulation. The Company currently is working with multiple vehicle manufacturers and suppliers regarding their hybrid and electric vehicle efforts. In 2012, it focused on the launch of its newest energy storage system, the ALTI-ESS Advantage. First, the company focused its product development on the launch of newest electric grid product, the 2 megawatt ALTI-ESS Advantage, which increased system specification from 1 megawatt to 2 megawatts, while reducing the containerized power modules footprint from 53 feet to 40 feet. Second, it focused on the manufacture of five grid-scale energy storage systems for four customers, who included the Hawaii Natural Energy Institute (HNEI), Vestas, TSK Solar and a U.S. utility company based on the East Coast. The Company has developed, and continues to develop, through its primary materials science research, a lithium-ion battery chemistry using nanotechnologies to create materials offering unique electrochemistry properties for rechargeable batteries. It manufactures cells, modules, packs and turn-key energy storage systems for its target customers, including 24V, 36V, and 48V industrial and transportation systems, a configurable industrial PowerRack system, and large-scale systems for the electric grid. The Company uses compounds of lithium and of titanium to manufacture its nano lithium titanate. It has a total of 12 U.S. and 42 foreign patents. A number of energy storage and power electronic component producers have entered into the frequency regulation market which include include ABB, A123 Systems., BYD, GS Yuasa, LG Chem, Mitsubishi, Parker Hannifin, Saft and XtremePower. Its products typically compete with existing methods for providing frequency regulation and renewables integration rather than competing battery manufacturers. Its current and proposed activities are subject to numerous federal, state, and local laws and regulations concerning machine and chemical safety and environmental protection.
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