Alaska Airlines
ALK
#2471
Rank
$5.37 B
Marketcap
$42.72
Share price
4.71%
Change (1 day)
0.19%
Change (1 year)

P/E ratio for Alaska Airlines (ALK)

P/E ratio as of April 2024 (TTM): 33.3

According to Alaska Airlines 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 33.25. 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
202295.4599.64%
202113.6-377.76%
2020-4.91-145.15%
201910.9-36.56%
201817.181.41%
20179.45-29.93%
201613.510.54%
201512.2-8.55%
201413.332.36%
201310.13.85%
20129.70-11.86%
201111.035.76%
20108.11-19.51%
200910.1-228.49%
2008-7.84-197.51%
20078.04-133.19%
2006-24.2-83.04%
2005-143143.18%
2004-58.8-209.8%
200353.5-1222.1%
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
5.45-83.60%๐Ÿ‡บ๐Ÿ‡ธ USA
8.92-73.19%๐Ÿ‡บ๐Ÿ‡ธ USA
34.6 3.92%๐Ÿ‡บ๐Ÿ‡ธ USA
5.27-84.15%๐Ÿ‡บ๐Ÿ‡ธ USA
-143-529.76%๐Ÿ‡บ๐Ÿ‡ธ USA
-11.8-135.61%๐Ÿ‡บ๐Ÿ‡ธ USA
6.62-80.08%๐Ÿ‡บ๐Ÿ‡ธ USA
-3.29-109.90%๐Ÿ‡บ๐Ÿ‡ธ 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.