Allegiant Air
ALGT
#4454
Rank
$1.38 B
Marketcap
$74.82
Share price
-0.66%
Change (1 day)
-36.44%
Change (1 year)

P/E ratio for Allegiant Air (ALGT)

P/E ratio as of September 2023 (TTM): 9.21

According to Allegiant Air 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.20782. At the end of 2021 the company had a P/E ratio of 20.3.

P/E ratio history for Allegiant Air from 2007 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202120.3-223.57%
2020-16.4-234.46%
201912.222.06%
20189.99
201612.6-2.95%
201513.0-58.36%
201431.144.05%
201321.6

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
29.8 223.22%๐Ÿ‡บ๐Ÿ‡ธ USA
3.19-65.32%๐Ÿ‡บ๐Ÿ‡ธ USA
8.05-12.58%๐Ÿ‡บ๐Ÿ‡ธ USA
28.6 210.85%๐Ÿ‡บ๐Ÿ‡ธ USA
5.29-42.60%๐Ÿ‡บ๐Ÿ‡ธ USA
-599-6,605.34%๐Ÿ‡บ๐Ÿ‡ธ USA
56.5 513.61%๐Ÿ‡บ๐Ÿ‡ธ USA
-4.27-146.42%๐Ÿ‡บ๐Ÿ‡ธ USA
-2.06-122.38%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.