P/E ratio for Southwest Airlines (LUV)
P/E ratio as of May 2024 (TTM): 33.7
According to Southwest Airlines's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 33.7108. At the end of 2022 the company had a P/E ratio of 36.6.
P/E ratio history for Southwest Airlines from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 36.6 | 40.96% |
| 2021 | 26.0 | -395.79% |
| 2020 | -8.78 | -169.76% |
| 2019 | 12.6 | 16.68% |
| 2018 | 10.8 | -3.77% |
| 2017 | 11.2 | -19.5% |
| 2016 | 13.9 | 6.69% |
| 2015 | 13.0 | -49.13% |
| 2014 | 25.6 | 44.31% |
| 2013 | 17.8 | -2.8% |
| 2012 | 18.3 | -48.73% |
| 2011 | 35.7 | 67.62% |
| 2010 | 21.3 | -85.11% |
| 2009 | 143 | 314.37% |
| 2008 | 34.5 | 140.23% |
| 2007 | 14.4 | -40.98% |
| 2006 | 24.3 | -9.72% |
| 2005 | 26.9 | -35.48% |
| 2004 | 41.7 | 26.73% |
| 2003 | 32.9 | -25.57% |
| 2002 | 44.3 | 60.45% |
| 2001 | 27.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Alaska Airlines
ALK | 34.3 | 1.89% | 🇺🇸 USA |
 American Airlines AAL | 5.99 | -82.24% | 🇺🇸 USA |
 Delta Air Lines DAL | 9.87 | -70.72% | 🇺🇸 USA |
 United Airlines Holdings
UAL | 6.27 | -81.40% | 🇺🇸 USA |
 SkyWest SKYW | -163 | -584.53% | 🇺🇸 USA |
 Jetblue Airways
JBLU | -10.9 | -132.37% | 🇺🇸 USA |
 Allegiant Air
ALGT | 5.88 | -82.57% | 🇺🇸 USA |
 Spirit Airlines
SAVE | -0.7857 | -102.33% | 🇺🇸 USA |
 Hawaiian Airlines HA | -3.34 | -109.91% | 🇺🇸 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.