P/E ratio for Allegiant Air (ALGT)
P/E ratio as of May 2024 (TTM): 5.88
According to Allegiant Air 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.87554. At the end of 2022 the company had a P/E ratio of 755.
P/E ratio history for Allegiant Air from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 755 | 3405.81% |
| 2021 | 21.5 | -231.4% |
| 2020 | -16.4 | -234.46% |
| 2019 | 12.2 | 22.06% |
| 2018 | 9.99 | -21.81% |
| 2017 | 12.8 | 1.52% |
| 2016 | 12.6 | -2.88% |
| 2015 | 13.0 | -58.36% |
| 2014 | 31.1 | 44.05% |
| 2013 | 21.6 | 20.67% |
| 2012 | 17.9 | -13.06% |
| 2011 | 20.6 | 40.53% |
| 2010 | 14.7 | 18.37% |
| 2009 | 12.4 | -55.65% |
| 2008 | 27.9 | 35.49% |
| 2007 | 20.6 | -9.69% |
| 2006 | 22.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Alaska Airlines
ALK | 34.3 | 484.61% | 🇺🇸 USA |
 American Airlines AAL | 5.99 | 1.91% | 🇺🇸 USA |
 Delta Air Lines DAL | 9.87 | 67.99% | 🇺🇸 USA |
 Southwest Airlines LUV | 33.7 | 473.75% | 🇺🇸 USA |
 United Airlines Holdings
UAL | 6.27 | 6.74% | 🇺🇸 USA |
 SkyWest SKYW | -163 | -2,880.00% | 🇺🇸 USA |
 Jetblue Airways
JBLU | -10.9 | -285.70% | 🇺🇸 USA |
 Spirit Airlines
SAVE | -0.7857 | -113.37% | 🇺🇸 USA |
 Hawaiian Airlines HA | -3.34 | -156.87% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.