Armstrong World Industries Inc
Armstrong World Industries Inc (AWI) is listed on NYSE and classified in Building Products & Equipment, part of the Industrials sector. It is headquartered in Lancaster, United States and has 4,000 employees. The company is worth $7.24B and trades at 23.4x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $1.62B in fiscal 2025, up 12.1% from the year before. Net income was $308.7M. The share price is 16.8% below its 52-week high of $206.08. It pays a dividend yielding 0.79%, and has raised its annual dividend for 7 years in a row in our records. 8 of the 38 superinvestors we track held it at the end of Q3 2026. The largest position belongs to Ken Griffin (Citadel Advisors), at $165.3M. In that quarter, 4 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +58.7% over 5Y.
today you would have $1,673.18▲ +67.3%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $191.10 | $141.33 | $98.32 | $68.59 | $116.12 | $74.39 | $93.97 | $58.21 | $60.55 | $41.80 | $45.73 | $51.12 | $57.61 | $50.73 | $43.87 | $43.00 | $38.93 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 16.7% a year plus a 0.8% dividend yield. Growth capped at 25%.
Median P/E of 24.3 among peers in the sector.
Median P/E of 23.5 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 13.2x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| SAROStandardAero, Inc. | $21.72 | 22.4x | 2.6x | 0.00% | 12.30% | $7.19B |
| KTOSKratos Defense & Security Solutions Inc | $38.27 | 225.1x | 2.1x | 0.00% | 1.15% | $7.18B |
| POOLPOOL Corp | $197.21 | 15.8x | 6.1x | 2.64% | 31.25% | $7.17B |
| ACAArcosa, Inc. | $149.15 |
| 23.5x |
| 27.0x |
| 23.5x |
| 19.7x |
| 15.7x |
| 30.4x |
| — |
| 21.8x |
| 16.4x |
| 27.4x |
| 22.4x |
| 27.2x |
| 44.8x |
| 36.0x |
| 23.2x |
| 23.1x |
| 226.3x |
| 28.6x |
| P/S | 2.9x | 5.1x | 4.2x | 3.3x | 2.5x | 4.9x | 3.8x | 4.3x | 2.9x | 3.6x | 2.7x | 3.1x | 2.2x | 1.2x | 1.2x | 0.9x | 1.0x | 0.8x |
| P/B | 7.3x | 9.1x | 8.1x | 7.3x | 5.8x | 10.5x | 7.9x | 12.4x | 12.5x | 8.4x | 8.4x | 3.3x | 4.3x | 4.7x | 4.2x | 2.3x | 2.3x | 1.2x |
| EPS | $7.08 | $6.02 | $4.99 | $4.37 | $3.82 | -$2.07 | $4.32 | $3.56 | $2.21 | $1.87 | $1.68 | $1.14 | $1.60 | $2.19 | $1.90 | $0.19 | $1.36 |
| Dividend yield | 0.94% | 0.66% | 0.81% | 1.06% | 1.38% | 0.74% | 1.09% | 0.77% | 0.30% | — | — | — | — | — | 16.85% | — | 31.95% | — |
| Payout | 20.88% | 17.84% | 19.07% | 20.88% | 21.67% | 22.54% | — | 16.78% | 4.92% | — | — | — | — | — | 390.41% | — | 7231.58% | — |
| Profit margin | 12.50% | 19.05% | 18.32% | 17.28% | 16.45% | 16.56% | -10.58% | 20.66% | 19.06% | 13.38% | 12.50% | 11.70% | 4.93% | 3.72% | 5.41% | 4.13% | 0.42% | 2.79% |
| ROE | 31.14% | 34.27% | 34.99% | 37.82% | 37.93% | 35.25% | -21.98% | 58.78% | 82.26% | 31.14% | 39.30% | 12.25% | 9.83% | 13.98% | 18.26% | 9.95% | 1.01% | 4.07% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-5.5% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 36.8x |
| 2.5x |
| 0.13% |
| 8.03% |
| $7.32B |
| MSAMSA Safety Inc | $184.44 | 22.9x | 5.1x | 1.17% | 23.66% | $7.12B |
| AGCOAGCO Corp | $106.17 | 14.5x | 1.8x | 1.13% | 11.83% | $7.44B |