ALRM - Alarm.com Holdings Inc Stock Price, Fair Value and News

69.04-0.62 (-0.89%)Market Closed

Market Summary

69.04-0.62

Market Closed

-0.89%

ALRM Alerts

Big jump in Earnings (Y/Y)

ALRM Stock Price

View Fullscreen

ALRM RSI Chart

ALRM Valuation

Market Cap

3.5B

Price/Earnings (Trailing)

38.7

Price/Sales (Trailing)

3.87

EV/EBITDA

19.06

Price/Free Cashflow

19.13

ALRM Price/Sales (Trailing)

ALRM Profitability

EBT Margin

12.40%

Return on Equity

12.3%

Return on Assets

6.02%

Free Cashflow Yield

5.23%

ALRM Fundamentals

ALRM Revenue

Revenue (TTM)

895.2M

Rev. Growth (Yr)

6.47%

Rev. Growth (Qtr)

-1.31%

ALRM Earnings

Earnings (TTM)

89.5M

Earnings Growth (Yr)

64.74%

Earnings Growth (Qtr)

-24.92%

Breaking Down ALRM Revenue

Last 7 days

1.6%

Last 30 days

7.5%

Last 90 days

-1.0%

Trailing 12 Months

35%

How does ALRM drawdown profile look like?

ALRM Financial Health

Current Ratio

5.51

Debt/Equity

0.15

Debt/Cashflow

1.72

ALRM Investor Care

Shares Dilution (1Y)

0.70%

Diluted EPS (TTM)

1.69

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	895.2M	0	0	0
2023	846.8M	857.9M	863.6M	881.7M
2022	781.9M	805.9M	829.7M	842.6M
2021	638.6M	685.8M	719.3M	749.0M
2020	542.0M	561.9M	592.9M	618.0M
2019	440.1M	457.2M	473.3M	502.4M
2018	357.5M	376.0M	397.9M	420.5M
2017	276.3M	297.8M	319.9M	338.9M
2016	221.9M	234.4M	248.2M	261.1M
2015	176.5M	186.3M	197.5M	208.9M
2014	0	142.6M	154.9M	167.3M
2013	0	0	0	130.2M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Alarm.com Holdings Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 02, 2024	bedell jeffrey a	sold	-99,260	70.00	-1,418	see remarks
Apr 02, 2024	valenzuela steve	sold	-120,120	70.00	-1,716	chief financial officer
Apr 02, 2024	kerzner daniel	sold	-197,400	70.00	-2,820	see remarks
Apr 02, 2024	ramos daniel	sold	-99,260	70.00	-1,418	see remarks
Apr 02, 2024	trundle stephen	sold	-225,190	70.00	-3,217	chief executive officer
Mar 15, 2024	nevin darius g	sold	-190,715	73.55	-2,593	-
Mar 07, 2024	valenzuela steve	sold	-62,050	74.58	-832	chief financial officer
Mar 07, 2024	valenzuela steve	acquired	44,422	53.3925	832	chief financial officer
Mar 01, 2024	trundle stephen	gifted	-	-	-5,000	chief executive officer
Feb 29, 2024	valenzuela steve	acquired	435,239	61.4484	7,083	chief financial officer

Which funds bought or sold ALRM recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	COMERICA BANK	reduced	-4.53	220,090	3,331,840	0.01%
May 16, 2024	Motley Fool Asset Management LLC	reduced	-1.94	1,082,070	11,927,100	0.77%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-4.94	213,856	3,451,960	-%
May 16, 2024	JANE STREET GROUP, LLC	added	233	2,402,750	3,277,960	-%
May 16, 2024	Beacon Capital Management, LLC	new	-	2,681	2,681	-%
May 15, 2024	Schonfeld Strategic Advisors LLC	sold off	-100	-563,421	-	-%
May 15, 2024	Engineers Gate Manager LP	added	184	653,977	952,328	0.03%
May 15, 2024	Point72 Asia (Singapore) Pte. Ltd.	added	318	340,296	432,573	0.11%
May 15, 2024	Steward Partners Investment Advisory, LLC	reduced	-1.3	5,852	60,585	-%
May 15, 2024	Nishkama Capital, LLC	sold off	-100	-1,055,310	-	-%

Are Funds Buying or Selling ALRM?

Are funds buying ALRM calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ALRM

No. of Funds

ALRM Alerts

Big jump in Earnings (Y/Y)

Unveiling Alarm.com Holdings Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	brown capital management llc	8.99%	4,492,512	SC 13G/A
Feb 13, 2024	vanguard group inc	11.64%	5,817,244	SC 13G/A
Feb 12, 2024	william blair investment management, llc	5.0%	2,499,896	SC 13G
Jan 22, 2024	blackrock inc.	17.6%	8,809,490	SC 13G/A
Feb 14, 2023	brown capital management llc	10.45%	5,215,242	SC 13G/A
Feb 10, 2023	blackrock inc.	17.1%	8,520,384	SC 13G/A
Feb 09, 2023	william blair investment management, llc	4.9%	2,487,354	SC 13G/A
Feb 09, 2023	vanguard group inc	11.04%	5,511,037	SC 13G/A
Jan 26, 2023	blackrock inc.	16.9%	8,439,774	SC 13G/A
Jan 20, 2023	blackrock inc.	16.9%	8,439,774	SC 13G/A

Recent SEC filings of Alarm.com Holdings Inc

View All Filings

Date Filed	Form Type	Document
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 10, 2024	10-Q	Quarterly Report
May 09, 2024	8-K	Current Report
Apr 23, 2024	DEFA14A	DEFA14A
Apr 23, 2024	DEF 14A	DEF 14A
Apr 23, 2024	ARS	ARS

Peers (Alternatives to Alarm.com Holdings Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CRM	277.0B	34.9B	3.35%	33.87%	66.98	7.95	11.18%	1888.46%
UBER	137.2B	38.6B	-8.72%	67.31%	98.72	3.56	14.01%	141.26%
ADSK	47.3B	5.3B	2.96%	8.03%	51.62	8.85	9.15%	48.14%
ANSS	28.6B	2.2B	0.65%	6.79%	65.84	12.85	3.59%	-21.47%
ZM	19.3B	4.5B	8.62%	-7.71%	30.27	4.26	3.06%	514.65%
MID-CAP
APPF	8.7B	671.8M	11.01%	66.39%	113.53	12.92	33.64%	185.98%
LYFT	6.7B	4.7B	-3.99%	99.28%	-36.23	1.43	10.90%	88.31%
ALRM	3.5B	895.2M	7.46%	35.00%	38.7	3.87	5.72%	46.94%
AYX	3.4B	970.0M	0.90%	-15.87%	-19.13	3.53	13.46%	43.89%
AI	3.2B	296.4M	28.11%	-1.60%	-11.7	10.73	11.14%	-3.59%
AGYS	2.7B	228.1M	21.43%	43.87%	31.34	11.99	18.99%	599.09%
SMALL-CAP
AVID	1.2B	413.5M	0.63%	-1.64%	92.02	2.88	-1.65%	-71.35%
AEYE	256.1M	31.6M	76.57%	260.07%	-43.61	8.1	2.76%	43.72%
APPS	253.0M	572.4M	33.33%	-82.31%	-1.28	0.44	-19.38%	-489.49%
ASUR	193.1M	117.7M	5.95%	-44.01%	-19.58	1.64	12.54%	11.24%

Alarm.com Holdings Inc News

Latest updates

Alarm.com Holdings Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-1.3%	223	226	222	224	210	208	216	213	205	195	192	189	172	166	159	142	152	140	128	122	112
Operating Expenses	7.3%	128	119	124	121	125	114	114	114	106	102	93.00	95.00	92.00	93.00	80.00	78.00	84.00	73.00	68.00	63.00	64.00
S&GA Expenses	-1.9%	25.00	26.00	24.00	24.00	27.00	24.00	23.00	23.00	23.00	25.00	23.00	21.00	19.00	24.00	18.00	17.00	17.00	18.00	15.00	16.00	13.00
R&D Expenses	7.6%	66.00	61.00	61.00	61.00	62.00	57.00	56.00	54.00	51.00	48.00	44.00	43.00	42.00	39.00	37.00	37.00	40.00	30.00	29.00	28.00	26.00
EBITDA Margin	8.2%	0.16*	0.15*	0.12*	0.12*	0.11*	0.10*	0.09*	0.09*	0.09*	0.10*	0.12*	0.16*	-	-	-	-	-	-	-	-	-
Income Taxes	-67.1%	3.00	8.00	4.00	7.00	-1.22	1.00	0.00	1.00	-0.60	-2.24	2.00	-1.74	-2.91	-1.97	7.00	-2.28	1.00	2.00	3.00	0.00	0.00
Earnings Before Taxes	-33.6%	26.00	39.00	23.00	22.00	13.00	18.00	18.00	12.00	8.00	7.00	15.00	13.00	12.00	14.00	42.00	14.00	10.00	15.00	21.00	14.00	9.00
EBT Margin	11.7%	0.12*	0.11*	0.09*	0.08*	0.07*	0.07*	0.05*	0.05*	0.05*	0.06*	0.07*	0.12*	-	-	-	-	-	-	-	-	-
Net Income	-24.9%	23.00	31.00	19.00	16.00	14.00	18.00	18.00	11.00	9.00	9.00	13.00	14.00	15.00	16.00	36.00	17.00	9.00	13.00	18.00	14.00	9.00
Net Income Margin	9.8%	0.10*	0.09*	0.08*	0.08*	0.07*	0.07*	0.06*	0.05*	0.06*	0.07*	0.08*	0.12*	-	-	-	-	-	-	-	-	-
Free Cashflow	24.1%	47.00	38.00	61.00	36.00	-5.92	34.00	8.00	2.00	-16.13	18.00	36.00	21.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	3.3%	1,487	1,440	1,411	1,383	1,358	1,329	1,310	1,256	1,225	1,232	1,182	1,157	1,115	732	698	663	624	558	501	505	480
Current Assets	4.3%	998	957	931	898	881	891	880	886	889	918	871	838	796	397	387	348	309	244	264	268	241
Cash Equivalents	8.1%	753	697	680	627	606	622	621	643	672	711	700	663	642	253	247	206	172	120	164	151	122
Inventory	-10.8%	86.00	96.00	114	118	118	116	112	108	86.00	75.00	57.00	60.00	47.00	44.00	40.00	50.00	37.00	34.00	21.00	24.00	26.00
Net PPE	2.2%	55.00	54.00	56.00	57.00	57.00	57.00	59.00	61.00	40.00	42.00	42.00	44.00	45.00	45.00	43.00	41.00	39.00	39.00	32.00	30.00	29.00
Goodwill	0.0%	154	154	154	154	155	148	35.00	113	113	113	113	113	113	113	106	106	105	105	64.00	64.00	64.00
Liabilities	0.9%	721	715	713	711	706	707	693	678	647	606	573	572	555	253	249	259	247	191	165	193	187
Current Liabilities	3.3%	181	175	172	166	161	165	151	141	107	129	102	104	91.00	90.00	83.00	93.00	78.00	76.00	57.00	83.00	76.00
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	110	111	112	113	63.00	64.00	65.00	66.00
LT Debt, Non Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	110	111	112	113	63.00	64.00	65.00	66.00
Shareholder's Equity	5.7%	728	689	668	644	625	599	594	561	563	613	597	573	549	468	439	393	366	356	336	312	292
Retained Earnings	8.9%	290	266	235	215	200	185	167	149	138	119	110	96.00	81.00	67.00	51.00	15.00	-2.47	-10.46	-23.50	-41.19	-54.98
Additional Paid-In Capital	3.0%	548	532	529	518	509	497	483	469	453	499	492	482	472	406	393	383	373	366	359	353	347
Shares Outstanding	0.5%	50.00	50.00	50.00	50.00	50.00	49.00	50.00	50.00	50.00	50.00	50.00	50.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,500	-	-	-	1,800	-	-	-	2,400	-	-	-	2,300	-	-	-	1,700	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	25.0%	50.00	40.00	63.00	37.00	-3.52	34.00	10.00	26.00	-13.96	20.00	38.00	24.00	21.00	35.00	19.00	35.00	13.00	23.00	1.00	24.00	-1.19
Share Based Compensation	3.8%	11.00	11.00	12.00	12.00	13.00	15.00	13.00	13.00	12.00	11.00	9.00	10.00	8.00	8.00	7.00	7.00	6.00	6.00	5.00	5.00	4.00
Cashflow From Investing	6.4%	-3.96	-4.23	-2.14	-6.65	-12.94	-5.69	-33.49	-26.97	-2.15	-6.47	-1.52	-3.31	-9.07	-32.51	22.00	-2.29	-7.01	-67.53	12.00	5.00	-23.02
Cashflow From Financing	138.2%	6.00	-16.62	-7.16	-8.93	1.00	-27.85	1.00	-27.58	-22.25	-3.18	1.00	-0.26	377	3.00	1.00	1.00	46.00	-0.43	0.00	-0.30	1.00
Buy Backs	-100.0%	-	14.00	6.00	7.00	-	27.00	0.00	28.00	23.00	-	-	-	-	-	-	-	5.00	-	-	-	-

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

ALRM Income Statement

2024-03-31

Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Revenue:

Total revenue

$ 223,283

$ 209,716

Cost of revenue:

Total cost of revenue

^[1]

76,515

76,172

Operating expenses:

Sales and marketing

25,454

26,645

General and administrative

29,296

28,499

Research and development

65,956

61,908

Amortization and depreciation

7,337

7,673

Total operating expenses

128,043

124,725

Operating income

18,725

8,819

Interest expense

(796)

(868)

Interest income

8,540

5,182

Other expense, net

(318)

(148)

Income before income taxes

26,151

12,985

Provision for / (benefit from) income taxes

2,747

(1,222)

Net income

23,404

14,207

Net loss attributable to redeemable noncontrolling interests

191

209

Net income attributable to common stockholders

$ 23,595

$ 14,416

Net income per share:

Basic (in dollars per share)

$ 0.47

$ 0.29

Diluted (in dollars per share)

$ 0.44

$ 0.28

Weighted average common shares outstanding:

Basic (in shares)

49,963,265

49,584,890

Diluted (in shares)

55,047,087

54,296,321

SaaS and license revenue

Revenue:

Total revenue

$ 150,344

$ 135,394

Cost of revenue:

Total cost of revenue

^[1]

20,428

19,583

Hardware and other revenue

Revenue:

Total revenue

72,939

74,322

Cost of revenue:

Total cost of revenue

^[1]

$ 56,087

$ 56,589

[1]	Exclusive of amortization and depreciation shown in operating expenses below.

ALRM Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 747,877	$ 696,983
Accounts receivable, net of allowance for credit losses of $4,054 and $3,864, and net of allowance for product returns of $2,595 and $2,279 as of March 31, 2024 and December 31, 2023, respectively	128,451	130,626
Inventory	85,723	96,140
Other current assets, net	35,812	33,031
Total current assets	997,863	956,780
Property and equipment, net	55,365	54,164
Intangible assets, net	74,358	78,564
Goodwill	154,433	154,498
Deferred tax assets	145,258	131,815
Operating lease right-of-use assets	24,324	24,242
Other assets, net of allowance for credit losses of $4,003 and $5 as of March 31, 2024 and December 31, 2023, respectively	35,381	39,500
Total assets	1,486,982	1,439,563
Current liabilities:
Accounts payable, accrued expenses and other current liabilities	137,551	124,475
Accrued compensation	20,418	28,626
Deferred revenue	11,125	10,193
Operating lease liabilities	12,101	12,043
Total current liabilities	181,195	175,337
Deferred revenue	13,087	12,692
Convertible senior notes, net	494,305	493,515
Operating lease liabilities	20,886	20,468
Other liabilities	11,703	12,697
Total liabilities	721,176	714,709
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests	37,712	36,308
Stockholders’ equity
Preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding as of March 31, 2024 and December 31, 2023	0	0
Common stock, $0.01 par value, 300,000,000 shares authorized; 52,113,344 and 51,888,838 shares issued; and 50,092,681 and 49,868,175 shares outstanding as of March 31, 2024 and December 31, 2023, respectively	521	519
Additional paid-in capital	547,832	531,734
Treasury stock, at cost; 2,020,663 shares as of March 31, 2024 and December 31, 2023	(111,291)	(111,291)
Accumulated other comprehensive income	1,251	1,398
Retained earnings	289,781	266,186
Total stockholders’ equity	728,094	688,546
Total liabilities, redeemable noncontrolling interests and stockholders’ equity	$ 1,486,982	$ 1,439,563

About Alarm.com Holdings Inc

Alarm.com Holdings, Inc. provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates in two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts. The company also provides scenes, video analytics triggers, thermostat schedules, responsive savings, precision comfort, energy usage monitoring, places feature, demand response programs, whole home water safety, and solar monitoring solutions, as well as heating, ventilation, and air conditioning monitoring services. In addition, it offers commercial grade video, commercial video analytics, access control, enterprise dashboard and multi-site management, energy savings, protection for valuables and inventory, temperature monitoring, and daily safeguard solutions. Further, the company provides a permission-based online portal that provides account management, sales, marketing, training, and support tools; a unified interface that displays key operational and customer experience indicators, including technician performance, system reliability and customer engagement metrics; installation and support services; MobileTech Application and Remote Toolkit; video health reports; smart gateway; AI-powered enhancements to professional monitoring and false alarm reduction; Web services and business intelligence; sales, marketing, and training services; and home builder programs. Additionally, it offers electric utility grid and water management, indoor gunshot detection, and health and wellness and data-rich emergency response solutions. The company was founded in 2000 and is based in Tysons, Virginia.

CEO	Mr. Stephen S. Trundle
WEBSITE	alarm.com
INDUSTRY	Software - Apps
EMPLOYEES	1909

Alarm.com Holdings Inc Frequently Asked Questions

What is the ticker symbol for Alarm.com Holdings Inc? What does ALRM stand for in stocks?

ALRM is the stock ticker symbol of Alarm.com Holdings Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Alarm.com Holdings Inc (ALRM)?

As of Fri May 17 2024, market cap of Alarm.com Holdings Inc is 3.47 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ALRM stock?

You can check ALRM's fair value in chart for subscribers.

What is the fair value of ALRM stock?

You can check ALRM's fair value in chart for subscribers. The fair value of Alarm.com Holdings Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Alarm.com Holdings Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ALRM so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Alarm.com Holdings Inc a good stock to buy?

The fair value guage provides a quick view whether ALRM is over valued or under valued. Whether Alarm.com Holdings Inc is cheap or expensive depends on the assumptions which impact Alarm.com Holdings Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ALRM.

What is Alarm.com Holdings Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, ALRM's PE ratio (Price to Earnings) is 38.7 and Price to Sales (PS) ratio is 3.87. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ALRM PE ratio will change depending on the future growth rate expectations of investors.