Armstrong World Industries, Inc. (AWI) P/E Ratio History
Fairly ValuedTrading at 23.2x, near 5Y avg of 21.9x · 55th percentile · In line with own history · Data 2006–2026
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P/E Ratio Analysis
As of September 24, 2026, Armstrong World Industries, Inc. (AWI) trades at a price-to-earnings ratio of 23.2x, with a stock price of $163.97 and trailing twelve-month earnings per share of $7.38.
The current P/E is roughly in line with its 5-year average of 21.9x. Over the past five years, AWI's P/E has ranged from a low of 14.4x to a high of 30.4x, placing the current valuation at the 55th percentile of its historical range.
Compared to the Industrials sector median P/E of 26.2x, AWI is roughly in line with its sector peers. The sector includes 397 companies with P/E ratios ranging from 0.1x to 194.2x.
Relative to the broader market, AWI trades roughly in line with the S&P 500 median P/E of 25.3x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our AWI DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
AWI Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
AWI P/E vs Peers
Interior finishes and specialty surfaces peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $5B | 24.5 | 7.33 | -15% | |
| $7B | 20.2 | - | -27% | |
| $2B | 17.8 | - | +32%Best | |
| $701M | 7.4Lowest | 0.92 | -9% | |
| $768M | 14.6 | 0.43Best | -35% | |
| $32B | 30.1 | 2.30 | +19% | |
| $29B | 26.1 | 2.54 | -42% | |
| $5B | 13.6 | 1.27 | -5% | |
| $20B | 10.2 | - | -44% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
AWI Historical P/E Data (2006–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | - | $160.42 | $7.30 | 22.0x | -29% |
| FY2026 Q1 | - | $164.80 | $7.05 | 23.4x | -24% |
| FY2025 Q4 | Dec 31 2025 | $191.10 | $7.08 | 27.0x | -13% |
| FY2025 Q3 | - | $196.01 | $6.99 | 28.0x | -9% |
| FY2025 Q2 | Jun 30 2025 | $162.44 | $6.76 | 24.0x | -22% |
| FY2025 Q1 | Mar 31 2025 | $140.88 | $6.25 | 22.5x | -27% |
| FY2024 Q4 | - | $141.33 | $6.03 | 23.4x | -24% |
| FY2024 Q3 | Sep 30 2024 | $131.43 | $5.67 | 23.2x | -25% |
| FY2024 Q2 | Jun 30 2024 | $113.24 | $5.48 | 20.7x | -33% |
| FY2024 Q1 | Mar 31 2024 | $124.22 | $5.32 | 23.3x | -24% |
| FY2023 Q4 | Dec 31 2023 | $98.32 | $5.00 | 19.7x | -36% |
| FY2023 Q3 | Sep 30 2023 | $72.00 | $5.01 | 14.4x | -53% |
| FY2023 Q2 | Jun 30 2023 | $73.46 | $4.70 | 15.6x | -49% |
| FY2023 Q1 | Mar 31 2023 | $71.24 | $4.48 | 15.9x | -48% |
| FY2022 Q4 | Dec 31 2022 | $68.59 | $4.38 | 15.7x | -49% |
| FY2022 Q3 | Sep 30 2022 | $79.23 | $4.19 | 18.9x | -39% |
| FY2022 Q2 | - | $74.96 | $4.00 | 18.7x | -39% |
| FY2022 Q1 | - | $90.01 | $4.02 | 22.4x | -27% |
| FY2021 Q4 | Dec 31 2021 | $116.12 | $3.82 | 30.4x | -2% |
| FY2021 Q3 | - | $95.47 | $3.41 | 28.0x | -9% |
| FY2021 Q2 | Jun 30 2021 | $107.26 | $3.48 | 30.8x | -0% |
| FY2021 Q1 | Mar 31 2021 | $90.09 | $3.39 | 26.6x | -14% |
| FY2019 Q4 | - | $93.97 | $4.31 | 21.8x | -29% |
| FY2019 Q3 | Sep 30 2019 | $96.70 | $4.05 | 23.9x | -23% |
| FY2019 Q2 | Jun 30 2019 | $97.20 | $4.03 | 24.1x | -22% |
| FY2019 Q1 | Mar 31 2019 | $79.42 | $3.83 | 20.7x | -33% |
| FY2018 Q4 | Dec 31 2018 | $58.21 | $3.56 | 16.4x | -47% |
| FY2018 Q3 | Sep 30 2018 | $69.60 | $3.49 | 19.9x | -35% |
| FY2018 Q2 | Jun 30 2018 | $63.20 | $2.95 | 21.4x | -31% |
| FY2018 Q1 | Mar 31 2018 | $56.30 | $2.83 | 19.9x | -36% |
| FY2017 Q4 | Dec 31 2017 | $60.55 | $2.88 | 21.0x | -32% |
| FY2017 Q3 | Sep 30 2017 | $51.25 | $2.74 | 18.7x | -39% |
| FY2017 Q2 | Jun 30 2017 | $46.00 | $3.08 | 14.9x | -52% |
| FY2017 Q1 | Mar 31 2017 | $46.05 | $2.61 | 17.6x | -43% |
| FY2016 Q4 | Dec 31 2016 | $41.80 | $1.87 | 22.4x | -28% |
| FY2016 Q3 | Sep 30 2016 | $41.32 | $1.13 | 36.6x | +18% |
| FY2016 Q2 | - | $39.15 | $0.43 | 91.0x | +195% |
| FY2016 Q1 | - | $41.92 | $0.66 | 63.5x | +106% |
| FY2015 Q4 | - | $39.63 | $1.67 | 23.7x | -23% |
| FY2015 Q3 | Sep 30 2015 | $41.37 | $1.86 | 22.3x | -28% |
| FY2015 Q2 | - | $46.17 | $1.87 | 24.8x | -20% |
| FY2015 Q1 | - | $49.81 | $1.68 | 29.7x | -4% |
| FY2014 Q4 | Dec 31 2014 | $44.30 | $1.15 | 38.7x | +25% |
| FY2014 Q3 | - | $48.53 | $1.41 | 34.4x | +11% |
| FY2014 Q2 | Jun 30 2014 | $49.77 | $1.69 | 29.4x | -5% |
| FY2014 Q1 | Mar 31 2014 | $46.15 | $1.85 | 24.9x | -19% |
| FY2013 Q4 | - | $49.93 | $1.60 | 31.2x | +1% |
| FY2013 Q3 | Sep 30 2013 | $47.63 | $1.54 | 30.9x | +0% |
| FY2013 Q2 | Jun 30 2013 | $41.42 | $1.74 | 23.8x | -23% |
| FY2013 Q1 | Mar 31 2013 | $48.44 | $1.94 | 25.0x | -19% |
| FY2012 Q4 | Dec 31 2012 | $43.96 | $2.20 | 20.0x | -35% |
| FY2012 Q3 | Sep 30 2012 | $40.19 | $2.20 | 18.3x | -41% |
| FY2012 Q2 | Jun 30 2012 | $42.60 | $2.04 | 20.9x | -32% |
| FY2012 Q1 | Mar 31 2012 | $42.27 | $1.98 | 21.3x | -31% |
| FY2011 Q4 | Dec 31 2011 | $38.02 | $1.90 | 20.0x | -35% |
| FY2011 Q3 | Sep 30 2011 | $29.85 | $1.40 | 21.3x | -31% |
| FY2011 Q2 | - | $39.48 | $0.93 | 42.5x | +38% |
| FY2011 Q1 | - | $40.10 | $0.75 | 53.5x | +73% |
| FY2010 Q4 | Dec 31 2010 | $37.27 | $0.18 | 207.1x | +571% |
| FY2010 Q3 | - | $35.97 | $0.47 | 75.9x | +146% |
| FY2010 Q2 | Jun 30 2010 | $26.15 | $1.17 | 22.3x | -28% |
| FY2010 Q1 | Mar 31 2010 | $31.47 | $1.21 | 25.9x | -16% |
| FY2009 Q4 | - | $33.74 | $1.35 | 24.9x | -19% |
| FY2009 Q3 | Sep 30 2009 | $29.86 | $0.97 | 30.8x | -0% |
| FY2009 Q2 | - | $14.29 | $0.53 | 27.0x | -13% |
| FY2009 Q1 | - | $9.54 | $0.95 | 10.0x | -67% |
| FY2008 Q4 | Dec 31 2008 | $18.74 | $1.42 | 13.2x | -57% |
| FY2008 Q3 | - | $25.05 | $2.21 | 11.3x | -63% |
| FY2008 Q2 | Jun 30 2008 | $25.32 | $2.38 | 10.6x | -66% |
| FY2008 Q1 | Mar 31 2008 | $30.90 | $2.37 | 13.0x | -58% |
| FY2007 Q4 | Dec 31 2007 | $34.76 | $2.56 | 13.6x | -56% |
| FY2007 Q3 | Sep 30 2007 | $35.18 | $0.35 | 100.5x | +226% |
| FY2007 Q2 | Jun 30 2007 | $43.46 | $0.46 | 94.5x | +206% |
| FY2007 Q1 | Mar 31 2007 | $44.07 | $0.54 | 81.6x | +164% |
| FY2006 Q4 | Dec 31 2006 | $36.74 | $0.77 | 47.7x | +55% |
Average P/E for displayed period: 30.9x
AWI Chart Terminal
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
AWI — Frequently Asked Questions
Quick answers to the most common questions about buying AWI stock.
What is AWI's P/E ratio?
Armstrong World Industries, Inc. (AWI) trailing twelve-month P/E ratio is 23.2x, based on TTM diluted EPS of $7.38. The 5-year average P/E is 21.9x and the historical range spans 14.4x to 30.4x.
Is AWI stock overvalued or undervalued?
AWI trades at 23.2x P/E, near its 5-year average of 21.9x. The 55th percentile ranking within the 14.4x–30.4x historical range places valuation within normal bounds.
Is AWI stock expensive?
AWI is fairly valued relative to its own history. The current P/E of 23.2x is near the 5-year average of 21.9x (55th percentile of historical range).
What is AWI's historical P/E range?
Over the past 5 years, AWI's P/E ratio has ranged from 14.4x to 30.4x, with a median of 22.5x and an average of 21.9x. The current P/E of 23.2x places the stock at the 55th percentile of this range. Full historical data spans 2006–2026.
How does AWI's P/E compare to the S&P 500?
AWI trades at 23.2x P/E versus the S&P 500 median of 25.3x. The 8% discount to the market suggests lower growth expectations or perceived higher risk.
How does AWI's valuation compare to Industrials peers?
Armstrong World Industries, Inc. P/E of 23.2x compares to the Industrials sector median of 26.2x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is AWI's PEG ratio?
AWI PEG ratio is N/A, based on a P/E of 23.2x and EPS growth of 17.6%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is AWI's earnings yield?
AWI earnings yield is 4.32%, the inverse of its 23.2x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.