P/E ratio for Alaska Airlines (ALK)
P/E ratio as of June 2024 (TTM): 32.7
According to Alaska Airlines 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.6825. At the end of 2022 the company had a P/E ratio of 95.4.
P/E ratio history for Alaska Airlines from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 95.4 | 599.64% |
| 2021 | 13.6 | -377.76% |
| 2020 | -4.91 | -145.15% |
| 2019 | 10.9 | -36.56% |
| 2018 | 17.1 | 81.41% |
| 2017 | 9.45 | -29.93% |
| 2016 | 13.5 | 10.54% |
| 2015 | 12.2 | -8.55% |
| 2014 | 13.3 | 32.36% |
| 2013 | 10.1 | 3.85% |
| 2012 | 9.70 | -11.86% |
| 2011 | 11.0 | 35.76% |
| 2010 | 8.11 | -19.51% |
| 2009 | 10.1 | -228.49% |
| 2008 | -7.84 | -197.51% |
| 2007 | 8.04 | -133.19% |
| 2006 | -24.2 | -83.04% |
| 2005 | -143 | 143.18% |
| 2004 | -58.8 | -209.8% |
| 2003 | 53.5 | -1222.1% |
| 2002 | -4.77 | -74.76% |
| 2001 | -18.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 American Airlines AAL | 4.63 | -85.83% | 🇺🇸 USA |
 Delta Air Lines DAL | 9.42 | -71.18% | 🇺🇸 USA |
 Southwest Airlines LUV | 31.5 | -3.75% | 🇺🇸 USA |
 United Airlines Holdings
UAL | 5.88 | -82.02% | 🇺🇸 USA |
 SkyWest SKYW | -154 | -570.68% | 🇺🇸 USA |
 Jetblue Airways
JBLU | -9.50 | -129.07% | 🇺🇸 USA |
 Allegiant Air
ALGT | 5.52 | -83.11% | 🇺🇸 USA |
 Hawaiian Airlines HA | -3.32 | -110.17% | 🇺🇸 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.