AWI · Coteau

AWI

Armstrong World Industries, Inc.

$169.51

+1.26% 2026-10-20

IndustrialsS&P 600

1M 3M 6M 1Y 2Y

AWISPY

+2.9%

+6.2%

+12.1%

-4.2%

YTD

-10.8%

-15.1%

Live chart

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What they do

Armstrong World Industries, Inc. engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass, metal, wood, felt, architectural resin and glass, wood fiber, and glass-reinforced-gypsum.

Industrials · Building Products & Equipment

Grades vs sector

Momentum

24th pct in sector

12-1 return: -14.3%
Percentile within its GICS sector across the S&P 1500.

Growth

59th pct in sector

B-

Revenue growth (YoY): +11.2%
Percentile within its GICS sector across the S&P 1500.

Value

42nd pct in sector

Forward E/P: 5.7% · EBITDA/EV: 5.9%
Percentile within its GICS sector across the S&P 1500.

Profitability

88th pct in sector

Profit margin: +18.6% · Return on equity: +36.6%
Percentile within its GICS sector across the S&P 1500.

Revisions

Not enough data yet

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth

not ranked (outside this model's universe or screens)

Momentum Top 15

not ranked (outside this model's universe or screens)

Momentum Blend

not in the current book

New Highs Growth

not ranked (outside this model's universe or screens)

Conviction 20

not in the current book

News

More news

3 Big Reasons to Love Armstrong World (AWI)

StockStory · Oct 16

1 Profitable Stock to Own for Decades and 2 Facing Headwinds

StockStory · Oct 14

Armstrong World Industries Schedules Third-Quarter 2026 Earnings Release and Conference Call

Business Wire · Oct 06

Armstrong World Industries (AWI): A Pure-Play Leader in Non-Residential Ceiling Systems

Insider Monkey · Sep 29

Building Materials Stocks Q2 Recap: Benchmarking Armstrong World (NYSE:AWI)

StockStory · Sep 24

Key stats

Market cap$7.2B

P/E (trailing)23.2

P/E (forward)17.7

52-week range150.28 – 206.08

Revenue growth (YoY, latest qtr)+11.2%

Dividend yield0.81%

Analyst consensusBuy (11)

Mean price target$207.64 (+22%)

Valuation and fundamentals

Valuation & fundamentals

Bottom line

Leans undervalued

Model read-out from the numbers below, not advice. Score +2 (DCF counts double).

•DCF (base case)below the price by 1%

•Forward P/E vs sector17.7x vs median 17.1x

▲Piotroski F-score9/9

▲Net debt / EBITDA0.8x

▲Analyst target+22% (11 analysts)

Discounted cash flow

Bear

$104

-38%

growth 5% · disc. 11.0% · term. 2.0%

Base

$167

-1%

growth 10% · disc. 10.0% · term. 2.5%

Bull

$249

+47%

growth 13% · disc. 9.0% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Today's price assumes free cash flow grows about 9% a year for 10 years.

Implied

+9%/yr

FCF, last 3 yrs

+25%/yr

FCF, last 5 yrs

+10%/yr

Revenue, last 3 yrs

+10%/yr

Revenue, last 5 yrs

+12%/yr

Same inputs as the DCF above: trailing free cash flow 0.4B, 10.0% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.16 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Industrials

P/E (trailing)

sector median 26.4× · 38th pct

23.2×
cheaper

Forward P/E

sector median 17.1× · 54th pct

17.7×
pricier

EV / EBITDA

sector median 14.8× · 45th pct

13.6×
cheaper

Price / sales

sector median 2.1× · 78th pct

4.2×
pricier

Price / book

sector median 3.5× · 83rd pct

8.1×
pricier

FCF yield

sector median 4.5% · 56th pct

5.0%
cheaper

Forward EPS $9.58 vs trailing $7.31 (+31% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin

40.3%

Operating margin

25.8%

FCF margin

21.2%

Net margin

18.6%

Return on equity

35.7%

Return on invested capital

25.5%

Net debt / EBITDA

0.8×

Current ratio

1.5×

Interest cover

14.1×

Cash conversion (OCF/NI)

1.1×

Piotroski F-score 9/9 · last two fiscal years

✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✓ No share dilution✓ Gross margin improved✓ Asset turnover improved

Analysts

Mean target

$208

+22%

Analysts

Buy

Range

$182–$230

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2025	$1.6B	$308.7M	$355.5M
2024	$1.4B	$264.9M	$266.8M
2023	$1.3B	$223.8M	$233.5M
2022	$1.2B	$202.9M	$182.4M
2021	$1.1B	$183.2M	$187.2M
2020	$936.9M	$-99.1M	$218.8M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +9.5%.

Earnings

Next report: 2026-10-27 · before open · EPS est 2.39

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-07-28	2.25	2.36	+5.0%
2026-04-28	1.81	1.69	-6.4%
2026-02-24	1.68	1.61	-4.0%
2025-10-28	2.03	2.05	+0.9%
2025-07-29	1.78	2.09	+17.2%
2025-04-29	1.53	1.66	+8.7%
2025-02-25	1.38	1.50	+8.3%
2024-10-29	1.76	1.81	+2.9%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$472.0M	+11.2%
2026-03-31	$409.9M	–
2025-12-31	$388.3M	–
2025-09-30	$425.2M	–
2025-06-30	$424.6M	–

Analyst actions

DA Davidson

2026-09-01 · main

Buy → Buy
PT $215

DA Davidson

2026-08-25 · init

→ Buy
PT $215

UBS

2026-04-29 · main

Neutral → Neutral
PT $195

Evercore ISI Group

2026-04-29 · up

In-Line → Outperform
PT $200

B of A Securities

2026-04-20 · main

Buy → Buy
PT $210

Evercore ISI Group

2026-04-13 · main

In-Line → In-Line
PT $203

Recent dividends

2026-08-05: $0.339 · 2026-05-11: $0.339 · 2026-03-05: $0.339 · 2025-11-06: $0.339 · 2025-08-07: $0.308 · 2025-05-08: $0.308 · 2025-03-06: $0.308 · 2024-11-07: $0.308

Insider trades

None

None · None

SELL
–

Stats refreshed 2026-10-20 18:02:49 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Coteau Systematic Strategies publishes stock research and model portfolios. It doesn't manage money or give investment advice. Results are hypothetical unless marked Live. Data: Yahoo Finance (delayed) and SEC EDGAR.

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