Allegiant Air
ALGT
#5191
Rank
$0.97 B
Marketcap
$53.49
Share price
1.21%
Change (1 day)
-55.01%
Change (1 year)

P/E ratio for Allegiant Air (ALGT)

P/E ratio as of June 2024 (TTM): 5.67

According to Allegiant Air 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.6706. At the end of 2022 the company had a P/E ratio of 755.

P/E ratio history for Allegiant Air from 2006 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20227553405.81%
202121.5-231.4%
2020-16.4-234.46%
201912.222.06%
20189.99-21.81%
201712.81.52%
201612.6-2.88%
201513.0-58.36%
201431.144.05%
201321.620.67%
201217.9-13.06%
201120.640.53%
201014.718.37%
200912.4-55.65%
200827.935.49%
200720.6-9.69%
200622.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
32.9 480.97%๐Ÿ‡บ๐Ÿ‡ธ USA
4.57-19.47%๐Ÿ‡บ๐Ÿ‡ธ USA
9.32 64.35%๐Ÿ‡บ๐Ÿ‡ธ USA
34.3 504.05%๐Ÿ‡บ๐Ÿ‡ธ USA
5.68 0.10%๐Ÿ‡บ๐Ÿ‡ธ USA
-173-3,154.95%๐Ÿ‡บ๐Ÿ‡ธ USA
-10.1-278.24%๐Ÿ‡บ๐Ÿ‡ธ USA
-0.7571-113.35%๐Ÿ‡บ๐Ÿ‡ธ USA
-3.13-155.24%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.