MATV - Mativ Inc Stock Price, Fair Value and News

17.90USD+0.06 (+0.34%)Market Closed

Market Summary

USD17.90+0.06

Market Closed

0.34%

MATV Alerts

1 major insider buys recently.

MATV Stock Price

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MATV RSI Chart

MATV Valuation

Market Cap

972.0M

Price/Earnings (Trailing)

-3.14

Price/Sales (Trailing)

0.45

EV/EBITDA

-7.81

Price/Free Cashflow

23.94

MATV Price/Sales (Trailing)

MATV Profitability

EBT Margin

-21.81%

Return on Equity

-32.61%

Return on Assets

-11.71%

Free Cashflow Yield

4.18%

MATV Fundamentals

MATV Revenue

Revenue (TTM)

2.2B

Rev. Growth (Yr)

-18.52%

Rev. Growth (Qtr)

-36.49%

MATV Earnings

Earnings (TTM)

-309.5M

Earnings Growth (Yr)

6.2K%

Earnings Growth (Qtr)

134.66%

Breaking Down MATV Revenue

Last 7 days

0.1%

Last 30 days

-2.8%

Last 90 days

37.5%

How does MATV drawdown profile look like?

MATV Financial Health

Current Ratio

2.53

Debt/Equity

1.16

Debt/Cashflow

0.1

MATV Investor Care

Dividend Yield

5.59%

Dividend/Share (TTM)

Buy Backs (1Y)

1.23%

Diluted EPS (TTM)

-5.68

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
2023	2.0B	2.3B	2.2B	2.2B
2022	1.6B	1.6B	1.8B	1.8B
2021	1.1B	1.2B	1.3B	1.4B
2020	1.0B	1.0B	1.0B	1.1B
2019	1.0B	1.0B	1.0B	1.0B
2018	1.0B	1.0B	1.0B	1.0B
2017	858.6M	896.6M	945.1M	982.1M
2016	790.7M	826.1M	851.0M	839.9M
2015	777.6M	755.9M	736.0M	764.1M
2014	783.0M	790.1M	809.1M	794.3M
2013	778.0M	781.6M	771.0M	772.8M
2012	818.9M	809.5M	797.9M	778.5M
2011	724.5M	744.2M	769.7M	801.0M
2010	724.8M	729.9M	735.0M	740.2M
2009	0	0	0	719.6M

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

Tracking the Latest Insider Buys and Sells of Mativ Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 14, 2024	weitzel gregory thomas	sold (taxes)	-4,389	17.42	-252	cfo
Apr 01, 2024	singhal shruti	acquired	23,737	18.75	1,266	-
Apr 01, 2024	thene tony r	acquired	23,737	18.75	1,266	-
Apr 01, 2024	levi marco	acquired	23,737	18.75	1,266	-
Mar 18, 2024	keenan jeffrey	bought	35,460	17.73	2,000	-
Mar 15, 2024	keenan jeffrey	bought	8,925	17.85	500	-
Mar 14, 2024	keenan jeffrey	bought	35,040	17.52	2,000	-
Mar 13, 2024	keenan jeffrey	bought	54,150	18.05	3,000	-
Mar 12, 2024	keenan jeffrey	bought	36,060	18.03	2,000	-
Mar 11, 2024	keenan jeffrey	bought	36,440	18.22	2,000	-

Which funds bought or sold MATV recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	unchanged	-	348,000	1,898,000	-%
Apr 25, 2024	Bank of New York Mellon Corp	added	2.26	1,917,010	9,514,430	-%
Apr 25, 2024	Lindbrook Capital, LLC	added	60.3	2,934	5,981	-%
Apr 25, 2024	SIMPLEX TRADING, LLC	reduced	-59.22	-829,000	826,000	-%
Apr 25, 2024	NATIXIS ADVISORS, L.P.	added	70.88	2,774,000	5,311,000	0.01%
Apr 25, 2024	Zurcher Kantonalbank (Zurich Cantonalbank)	reduced	-31.82	-42,023	212,644	-%
Apr 23, 2024	RICE HALL JAMES & ASSOCIATES, LLC	reduced	-0.01	422,055	2,301,860	0.13%
Apr 23, 2024	AMALGAMATED BANK	reduced	-14.57	14,000	308,000	-%
Apr 23, 2024	FIFTH THIRD BANCORP	new	-	2,419	2,419	-%
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-1.11	87,599	502,500	0.01%

Are Funds Buying or Selling MATV?

Are funds buying MATV calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MATV

No. of Funds

MATV Alerts

1 major insider buys recently.

Unveiling Mativ Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	boundary creek advisors lp	7.0%	3,800,054	SC 13G
Feb 13, 2024	vanguard group inc	11.89%	6,443,276	SC 13G/A
Feb 12, 2024	rubric capital management lp	7.38%	4e+06	SC 13G/A
Feb 08, 2024	wellington management group llp	6.61%	3,583,501	SC 13G
Feb 07, 2024	goldman sachs group inc	5.1%	2,759,883	SC 13G
Jan 22, 2024	blackrock inc.	16.3%	8,815,096	SC 13G/A
Jan 12, 2024	allspring global investments holdings, llc	7.62%	4,132,265	SC 13G/A

Recent SEC filings of Mativ Inc

View All Filings

Date Filed	Form Type	Document
Apr 25, 2024	8-K	Current Report
Apr 25, 2024	S-8	Employee Benefits Plan
Apr 16, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	4	Insider Trading

Peers (Alternatives to Mativ Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
APD	52.5B	12.4B	-2.90%	-18.99%	22.47	4.23	-3.54%	3.06%
DOW	40.3B	43.5B	-1.48%	7.07%	31.2	0.93	-18.61%	-56.65%
CE	16.8B	10.9B	-8.98%	50.33%	8.58	1.54	13.10%	3.48%
AVTR	16.3B	6.9B	-6.41%	27.75%	62.54	2.37	-6.48%	-57.90%
ALB	13.7B	9.6B	-9.27%	-37.17%	8.72	1.43	31.38%	-41.50%
EMN	11.2B	9.1B	-4.08%	18.57%	12.15	1.23	-11.38%	33.67%
MID-CAP
CBT	5.2B	3.9B	1.80%	32.34%	11.66	1.32	-9.12%	26.64%
BCPC	4.5B	922.4M	-9.82%	10.29%	41.41	4.87	-2.11%	3.01%
AVNT	3.9B	3.1B	0.61%	14.10%	51.82	1.25	-7.48%	-89.19%
ARCH	3.0B	3.0B	1.08%	35.48%	9.35	1.02	-20.68%	-74.24%
SMALL-CAP
CCF	1.2B	404.0M	0.11%	32.60%	36.59	3	24.06%	-25.72%
ASIX	693.9M	1.5B	-5.66%	-29.87%	12.7	0.45	-21.18%	-60.55%
CMT	174.6M	357.7M	4.15%	4.83%	8.59	0.49	-5.20%	66.55%
AREC	121.3M	16.7M	6.90%	34.78%	10.95	7.25	-57.58%	866.09%
AMRS	3.7M	-	-80.00%	-99.58%	-0.01	0.01	-	-

Mativ Inc News

Latest updates

Mativ Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-36.5%	316	498	668	679	388	552	426	407	390	384	378	288	279	279	254	262	239	256	270	258	249
Gross Profit	-32.2%	59.00	87.00	129	109	53.00	96.00	100	93.00	76.00	85.00	88.00	81.00	80.00	80.00	74.00	74.00	71.00	72.00	79.00	68.00	64.00
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36.00	34.00	38.00	37.00
S&GA Expenses	-28.8%	15.00	21.00	24.00	24.00	15.00	19.00	15.00	14.00	-1.70	13.00	12.00	9.00	10.00	9.00	9.00	10.00	8.00	9.00	9.00	9.00	9.00
R&D Expenses	-60.2%	2.00	5.00	7.00	9.00	4.00	6.00	5.00	5.00	-3.10	6.00	5.00	4.00	3.00	4.00	4.00	3.00	3.00	3.00	4.00	3.00	3.00
EBITDA Margin	-1.3%	-0.12*	-0.11*	0.09*	0.09*	0.10*	0.09*	0.13*	0.13*	0.14*	0.14*	0.15*	0.18*	-	-	-	-	-	-	-	-	-
Interest Expenses	-87.8%	2.00	17.00	28.00	27.00	11.00	15.00	20.00	15.00	9.00	15.00	13.00	3.00	8.00	8.00	8.00	7.00	7.00	7.00	15.00	8.00	8.00
Income Taxes	-114.5%	-3.95	27.00	7.00	-2.40	-18.20	-11.10	5.00	2.00	-40.60	2.00	4.00	7.00	3.00	5.00	5.00	5.00	2.00	3.00	5.00	4.00	0.00
Earnings Before Taxes	94.0%	-26.25	-437	2.00	-10.20	-41.70	-45.10	15.00	2.00	-68.40	11.00	3.00	28.00	15.00	28.00	26.00	28.00	19.00	30.00	26.00	22.00	18.00
EBT Margin	0.0%	-0.22*	-0.22*	-0.01*	0.00*	0.00*	0.00*	0.04*	0.03*	0.05*	0.04*	0.06*	0.09*	-	-	-	-	-	-	-	-	-
Net Income	134.7%	158	-455	-4.50	-7.70	3.00	-22.50	12.00	2.00	53.00	12.00	2.00	22.00	15.00	25.00	22.00	23.00	20.00	28.00	21.00	17.00	7.00
Net Income Margin	31.2%	-0.14*	-0.21*	-0.01*	-0.01*	0.00*	0.02*	0.05*	0.04*	0.06*	0.04*	0.05*	0.08*	-	-	-	-	-	-	-	-	-
Free Cashflow	47.5%	38.00	26.00	17.00	-39.80	155	-10.10	4.00	-3.70	19.00	0.00	-2.10	6.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-15.2%	2,642	3,118	3,649	3,675	3,669	3,713	2,395	2,442	2,420	2,420	2,423	1,588	1,585	1,591	1,578	1,655	1,472	1,450	1,489	1,486	1,467
Current Assets	-22.1%	713	914	963	1,005	975	1,064	654	638	595	610	579	428	396	422	404	474	428	419	442	430	429
Cash Equivalents	41.9%	120	85.00	108	97.00	101	82.00	56.00	56.00	71.00	74.00	66.00	64.00	55.00	66.00	64.00	127	103	85.00	88.00	83.00	94.00
Inventory	-3.2%	353	365	522	544	415	485	276	272	260	261	247	173	180	173	172	160	161	149	154	155	152
Net PPE	1.1%	673	665	875	872	692	843	426	450	462	468	476	324	339	328	326	325	330	320	333	333	340
Goodwill	105.8%	474	230	875	871	844	849	242	647	645	660	667	263	404	400	398	60.00	337	336	338	338	338
Liabilities	-30.7%	1,693	2,445	2,500	2,516	2,490	2,580	1,701	1,741	1,738	1,784	1,770	935	935	962	971	1,063	874	875	917	924	909
Current Liabilities	-30.3%	281	404	426	469	466	439	243	243	231	247	244	158	167	159	137	142	158	145	142	140	144
Long Term Debt	-35.3%	1,102	1,704	1,713	1,698	1,656	1,827	1,253	1,274	1,265	1,288	1,263	615	591	630	666	753	541	560	605	617	619
LT Debt, Current	-91.9%	3.00	35.00	35.00	35.00	34.00	-	-	-	3.00	-	-	-	-	-	-	-	-	-	-	-	-
LT Debt, Non Current	-35.3%	1,102	1,704	1,713	1,698	1,656	-	-	-	1,265	-	-	615	591	630	666	753	541	560	605	617	619
Shareholder's Equity	41.0%	949	673	1,149	1,159	1,179	1,133	695	701	682	636	653	653	650	629	607	592	598	575	573	562	558
Retained Earnings	172.3%	235	86.00	551	579	611	631	679	681	696	657	659	671	666	665	654	646	638	632	618	611	608
Additional Paid-In Capital	0.2%	670	668	666	662	659	655	109	105	102	99.00	97.00	95.00	92.00	89.00	87.00	81.00	79.00	75.00	74.00	72.00	71.00
Shares Outstanding	-0.4%	54.00	54.00	55.00	55.00	55.00	38.00	31.00	31.00	31.00	31.00	31.00	31.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	816	-	-	-	786	-	-	-	1,200	-	-	-	1,000	-	-	-	1,000	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	64.7%	54,200	32,900	40,200	-20,700	185,000	-800	13,000	5,000	30,500	7,700	7,100	12,700	54,100	58,200	44,200	5,100	41,400	63,900	42,000	13,000	45,900
Share Based Compensation	-53.8%	1,200	2,600	3,000	3,700	3,900	9,500	3,600	3,400	2,200	1,700	2,500	2,100	3,200	1,400	2,000	2,200	3,700	1,500	1,600	900	1,100
Cashflow From Investing	3337.4%	605,400	-18,700	-20,100	-19,400	-19,700	-479,600	27,600	-9,600	21,900	-9,300	-641,700	-7,300	-12,600	-6,700	-7,500	-176,300	8,000	-5,600	-9,600	-7,600	-9,200
Cashflow From Financing	-3929.8%	-648,800	-16,100	-9,700	11,700	-128,800	511,800	-37,900	-13,600	-51,100	10,300	636,200	4,500	-54,600	-50,600	-100,300	196,900	-33,100	-59,200	-28,200	-15,300	-32,800
Dividend Payments	0%	5,500	5,500	22,300	22,000	22,100	22,000	14,200	13,900	13,800	13,900	13,800	13,800	13,800	13,800	13,700	13,700	13,600	13,600	13,600	13,600	13,500
Buy Backs	-17.4%	3,550	4,300	1,500	1,300	500	3,400	100	2,900	300	-	-	3,100	100	-	-100	1,000	-100	-	100	900	200

MATV Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net sales	$ 2,026.0	$ 1,636.9	$ 930.7
Cost of products sold	1,670.2	1,330.9	747.5
Gross profit	355.8	306.0	183.2
Selling expense	78.9	59.8	32.5
Research and development expense	21.2	18.8	11.8
General expense	246.0	248.5	153.2
Total nonmanufacturing expenses	346.1	327.1	197.5
Goodwill impairment expense	401.0	0.0	0.0
Restructuring and other impairment expense	22.6	19.1	1.9
Operating loss	(413.9)	(40.2)	(16.2)
Interest expense	62.2	57.3	40.4
Other income (expense), net	(4.8)	1.0	30.1
Loss from continuing operations before income taxes	(480.9)	(96.5)	(26.5)
Income tax (expense) benefit	(26.8)	27.6	28.2
Net income (loss) from continuing operations	(507.7)	(68.9)	1.7
Income from discontinued operations, net of tax	198.2	62.3	87.2
Net income (loss)	(309.5)	(6.6)	88.9
Dividends to participating securities	(0.7)	(0.9)	(0.6)
Undistributed earnings available to common stockholders, basic	0.0	0.0	(0.5)
Less: Undistributed earnings available to participating securities, diluted	0.0	0.0	(0.5)
Undistributed and distributed earnings (loss) available to common stockholders, basic	(310.2)	(7.5)	87.8
Undistributed and distributed earnings (loss) available to common stockholders, diluted	$ (310.2)	$ (7.5)	$ 87.8
Net income (loss) per share - basic:
Income (Loss) per share from continuing operations (in dollars per share)	$ (9.33)	$ (1.64)	$ 0.02
Income per share from discontinued operations (in dollars per share)	3.64	1.46	2.81
Basic (in dollars per share)	(5.69)	(0.18)	2.83
Net income (loss) per share – diluted:
Income (Loss) per share from continuing operations (in dollars per share)	(9.33)	(1.64)	0.02
Income per share from discontinued operations (in dollars per share)	3.64	1.46	2.78
Diluted (in dollars per share)	$ (5.69)	$ (0.18)	$ 2.80
Weighted average shares outstanding:
Basic (in shares)	54,506,900	42,442,200	31,030,400
Diluted (in shares)	54,506,900	42,442,200	31,400,300

MATV Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Assets, Current [Abstract]
Cash and cash equivalents	$ 120.2	$ 101.1
Accounts receivable, net	176.5	178.2
Inventories, net	352.9	414.6
Income taxes receivable	30.6	19.4
Other current assets	32.3	27.6
Current assets held for sale of discontinued operations	0.0	233.8
Total current assets	712.5	974.7
Property, plant and equipment, net	672.5	691.5
Finance lease right-of-use assets	18.2	17.3
Operating lease right-of-use assets	45.6	30.6
Deferred income tax benefits	6.4	34.4
Goodwill	474.1	844.2
Intangible assets, net	631.3	710.3
Other assets	81.8	110.1
Noncurrent assets held for sale of discontinued operations	0.0	256.1
Total assets	2,642.4	3,669.2
Liabilities, Current [Abstract]
Current debt	2.8	33.6
Finance lease liabilities	1.4	0.9
Operating lease liabilities	9.9	8.5
Accounts payable	139.3	180.6
Income taxes payable	14.3	10.2
Accrued expenses and other current liabilities	113.7	129.0
Current liabilities held for sale of discontinued operations	0.0	103.4
Total current liabilities	281.4	466.2
Long-term debt	1,101.8	1,656.4
Finance lease liabilities, noncurrent	18.2	17.6
Operating lease liabilities, noncurrent	35.3	25.0
Long-term income tax payable	7.7	13.9
Pension and other postretirement benefits	62.2	60.3
Deferred income tax liabilities	142.3	152.1
Other liabilities	44.4	31.5
Noncurrent liabilities held for sale of discontinued operations	0.0	66.9
Total liabilities	1,693.3	2,489.9
Stockholders' equity:
Preferred stock, $0.10 par value per share; 10,000,000 shares authorized; none issued or outstanding	0.0	0.0
Common stock, $0.10 par value per share; 100,000,000 shares authorized; 54,211,124 and 54,929,973 shares issued and outstanding at December 31, 2023 and 2022, respectively	5.4	5.5
Additional paid-in-capital	669.6	658.5
Retained earnings	235.0	610.7
Accumulated other comprehensive income (loss), net of tax	39.1	(95.4)
Total stockholders' equity	949.1	1,179.3
Total liabilities and stockholders' equity	$ 2,642.4	$ 3,669.2

About Mativ Inc

Mativ Holdings, Inc. operates as a performance materials company. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials segment manufactures and sells polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens. This segment serves filtration, protective solutions, release liners, healthcare, and industrials end-markets. The Fiber-Based Solutions segment provides packaging, printing, and specialty papers; and various paper-based products for the consumer channel, such as bright papers, cardstock, stationery paper, envelopes, journals, and planners. It also offers combustibles products comprising conventional papers and filter wraps, low-ignition propensity papers wrappers for small cigars, and hemp-based alternatives; noncombustibles; and lightweight papers. This segment serves cigarette and cigar manufacturers, and commercial print and combustibles end-markets. The company sells its products in the United States, Europe and the former Commonwealth of Independent States, the Asia Pacific, the Americas, and internationally. The company was formerly known as Schweitzer-Mauduit International, Inc. and changed its name to Mativ Holdings, Inc. in July 2022. Mativ Holdings, Inc. was incorporated in 1995 and is headquartered in Alpharetta, Georgia.

CEO	Ms. Julie A. Schertell
WEBSITE	mativ.com
INDUSTRY	Chemicals
EMPLOYEES	7500

Mativ Inc Frequently Asked Questions

What is the ticker symbol for Mativ Inc? What does MATV stand for in stocks?

MATV is the stock ticker symbol of Mativ Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Mativ Inc (MATV)?

As of Fri Apr 26 2024, market cap of Mativ Inc is 971.97 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MATV stock?

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

What is the fair value of MATV stock?

You can check MATV's fair value in chart for subscribers. The fair value of Mativ 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 Mativ 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 MATV 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 Mativ Inc a good stock to buy?

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

What is Mativ Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 26 2024, MATV's PE ratio (Price to Earnings) is -3.14 and Price to Sales (PS) ratio is 0.45. 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. MATV PE ratio will change depending on the future growth rate expectations of investors.