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 |
|---|---|---|
| 2021 | 20.3 | -223.57% |
| 2020 | -16.4 | -234.46% |
| 2019 | 12.2 | 22.06% |
| 2018 | 9.99 | |
| 2016 | 12.6 | -2.95% |
| 2015 | 13.0 | -58.36% |
| 2014 | 31.1 | 44.05% |
| 2013 | 21.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Alaska Airlines
ALK | 29.8 | 223.22% | 🇺🇸 USA |
 American Airlines AAL | 3.19 | -65.32% | 🇺🇸 USA |
 Delta Air Lines DAL | 8.05 | -12.58% | 🇺🇸 USA |
 Southwest Airlines LUV | 28.6 | 210.85% | 🇺🇸 USA |
 United Airlines Holdings
UAL | 5.29 | -42.60% | 🇺🇸 USA |
 SkyWest SKYW | -599 | -6,605.34% | 🇺🇸 USA |
 Jetblue Airways
JBLU | 56.5 | 513.61% | 🇺🇸 USA |
 Spirit Airlines
SAVE | -4.27 | -146.42% | 🇺🇸 USA |
 Hawaiian Airlines HA | -2.06 | -122.38% | 🇺🇸 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.