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Albany International (Albany International) PE Ratio (TTM) : 24.81 (As of Apr. 25, 2024)


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What is Albany International PE Ratio (TTM)?

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 (2024-04-25), Albany International's share price is $88.08. Albany International's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was $3.55. Therefore, Albany International's PE Ratio (TTM) for today is 24.81.

Good Sign:

Albany International Corp stock PE Ratio (=24.81) is close to 1-year low of 24.79


The historical rank and industry rank for Albany International's PE Ratio (TTM) or its related term are showing as below:

AIN' s PE Ratio (TTM) Range Over the Past 10 Years
Min: 9.18   Med: 27.95   Max: 74.01
Current: 24.81


During the past 13 years, the highest PE Ratio (TTM) of Albany International was 74.01. The lowest was 9.18. And the median was 27.95.


AIN's PE Ratio (TTM) is ranked worse than
61.83% of 710 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 19.28 vs AIN: 24.81

Albany International's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $0.97. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was $3.55.

As of today (2024-04-25), Albany International's share price is $88.08. Albany International's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 was $3.48. Therefore, Albany International's PE Ratio without NRI for today is 25.30.

During the past 13 years, Albany International's highest PE Ratio without NRI was 52.06. The lowest was 9.27. And the median was 26.04.

Albany International's EPS without NRI for the three months ended in Dec. 2023 was $0.99. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 was $3.48.

During the past 12 months, Albany International's average EPS without NRI Growth Rate was 24.20% per year. During the past 3 years, the average EPS without NRI Growth Rate was 0.20% per year. During the past 5 years, the average EPS without NRI Growth Rate was -0.40% per year. During the past 10 years, the average EPS without NRI Growth Rate was 12.10% per year.

During the past 13 years, Albany International's highest 3-Year average EPS without NRI Growth Rate was 41.40% per year. The lowest was -40.90% per year. And the median was 7.35% per year.

Albany International's EPS (Basic) for the three months ended in Dec. 2023 was $0.97. Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2023 was $3.56.


Albany International PE Ratio (TTM) Historical Data

The historical data trend for Albany International's PE Ratio (TTM) can be seen below:

* 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.

* Premium members only.

Albany International PE Ratio (TTM) Chart

Albany International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PE Ratio (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.52 24.07 24.23 32.43 27.67

Albany International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
PE Ratio (TTM) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.43 29.49 35.47 27.30 27.67

Competitive Comparison of Albany International's PE Ratio (TTM)

For the Textile Manufacturing subindustry, Albany International'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.


Albany International's PE Ratio (TTM) Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Albany International's PE Ratio (TTM) distribution charts can be found below:

* The bar in red indicates where Albany International's PE Ratio (TTM) falls into.



Albany International 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.

Albany International's PE Ratio (TTM) for today is calculated as

PE Ratio (TTM)=Share Price/Earnings per Share (Diluted) (TTM)
=88.08/3.550
=24.81

Albany International's Share Price of today is $88.08.
Albany International's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.55.

* 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:

PE Ratio (TTM)=Market Cap /Net Income

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.


Albany International  (NYSE:AIN) 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.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio (TTM) measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

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).


Albany International PE Ratio (TTM) Related Terms

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Albany International (Albany International) Business Description

Traded in Other Exchanges
Address
216 Airport Drive, Rochester, NH, USA, 03867
Albany International Corp is principally engaged in processing textiles and materials. The company consists of two business segments, the machine clothing segment, which produces and provides custom-designed fabrics and belts for the production in the paper, nonwovens, and other process industries; and the Albany engineered composites segment, which offers engineered composite parts for the aerospace and defensive industries. The machine clothing segment contributes to the majority of the company's total revenue. The company has a global operation and generates revenue from the United States, Switzerland, Brazil, China, Mexico, France, and other areas.
Executives
Gunnar Kleveland director, officer: President and CEO C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867
Robert Alan Hansen officer: Senior Vice President & CTO C/O ALBANY INTERNATIONAL CORP, PO BOX 1907, ALBANY NY 12201-1907
John J Tedone officer: VP - Controller & CAO 501 DUNN ROAD, COVENTRY CT 06238
Robert D. Starr officer: CFO & Treasurer 10 STOCKBRIDGE DRIVE, AVON CT 06001
Elisabeth Indriani officer: CAO & Corporate Controller C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867
John Michael Mcquade director C/O ALBANY INTERNATIONAL CORP, 216 AIRPORT DRIVE, ROCHESTER NH 03867
Katharine Plourde director 120 EAST END AVE, NEW YORK NY 10028
Erland E Kailbourne director C/O RAND CAPITAL CORP, 2200 RAND BUILDING, BUFFFALO NY 14203
Russell Toney director 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Christina M Alvord director 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Daniel A Halftermeyer officer: President, MC C/O ALBANY INTERNATIONAL CORP., P.O. BOX 1907, ALBANY NY 12201-1907
Christine L Standish director C/O ALBANY INTERNATIONAL CORP, PO BOX 1907, ALBANY NY 12201-1907
David M Pawlick officer: Vice President-Controller C/O ALBANY INTERNATIONAL CORP., P.O. BOX 1907, ALBANY NY 12201-1907
Alice Mccarvill officer: Exec VP Human Resources C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867
Gregory N Harwell officer: President- AEC C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE, ROCHESTER NH 03867

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