P/E ratio for Air Lease Corporation (AL)
P/E ratio as of May 2024 (TTM): 11.8
According to Air Lease Corporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.8368. At the end of 2022 the company had a P/E ratio of -33.7.
P/E ratio history for Air Lease Corporation from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -33.7 | -372.78% |
| 2021 | 12.4 | 22.1% |
| 2020 | 10.1 | 9.45% |
| 2019 | 9.25 | 49.34% |
| 2018 | 6.19 | -5.64% |
| 2017 | 6.56 | -30.44% |
| 2016 | 9.43 | -30.42% |
| 2015 | 13.6 | -0.84% |
| 2014 | 13.7 | -17.76% |
| 2013 | 16.6 | 2.04% |
| 2012 | 16.3 | -60.84% |
| 2011 | 41.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Willis Lease Finance Corporation WLFC | 9.11 | -23.02% | 🇺🇸 USA |
 Textainer Group TGH | 9.06 | -23.49% | 🇧🇲 Bermuda |
 FLY Leasing
FLY | N/A | N/A | 🇮🇪 Ireland |
 AerCap AER | 7.94 | -32.89% | 🇮🇪 Ireland |
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.