P/E ratio for Air T (AIRT)
P/E ratio as of June 2024 (TTM): -11.6
According to Air T's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -11.6158. At the end of 2023 the company had a P/E ratio of -5.10.
P/E ratio history for Air T from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2023 | -5.10 | -182.21% |
| 2022 | 6.20 | -166.05% |
| 2021 | -9.39 | -306.6% |
| 2020 | 4.54 | -90.04% |
| 2019 | 45.6 | 100.22% |
| 2018 | 22.8 | -270.64% |
| 2017 | -13.4 | -196.67% |
| 2016 | 13.8 | -40.76% |
| 2015 | 23.3 | 16.62% |
| 2014 | 20.0 | 47.51% |
| 2013 | 13.6 | -21.91% |
| 2012 | 17.4 | 61.18% |
| 2011 | 10.8 | 43.95% |
| 2010 | 7.48 | 126.14% |
| 2009 | 3.31 | -52.96% |
| 2008 | 7.04 | -17.23% |
| 2007 | 8.50 | -42.28% |
| 2006 | 14.7 | -30.42% |
| 2005 | 21.2 | 170.91% |
| 2004 | 7.81 | -349.33% |
| 2003 | -3.13 | -141.96% |
| 2002 | 7.47 | -12.25% |
| 2001 | 8.51 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 United Parcel Service UPS | 11.6 | -199.97% | 🇺🇸 USA |
 FedEx FDX | 15.5 | -233.81% | 🇺🇸 USA |
 Air Transport Services Group ATSG | 6.24 | -153.75% | 🇺🇸 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.