Allegiant Air
ALGT
#4169
Rank
$1.55 B
Marketcap
$84.39
Share price
-1.91%
Change (1 day)
-53.32%
Change (1 year)

P/E ratio for Allegiant Air (ALGT)

P/E ratio as of February 2023 (TTM): -38.5

According to Allegiant Air 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -38.5342. 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
123-420.31%๐Ÿ‡บ๐Ÿ‡ธ USA
-6.70-82.61%๐Ÿ‡บ๐Ÿ‡ธ USA
19.4-150.25%๐Ÿ‡บ๐Ÿ‡ธ USA
25.5-166.05%๐Ÿ‡บ๐Ÿ‡ธ USA
22.3-157.86%๐Ÿ‡บ๐Ÿ‡ธ USA
8.26-121.44%๐Ÿ‡บ๐Ÿ‡ธ USA
-5.19-86.53%๐Ÿ‡บ๐Ÿ‡ธ USA
-5.87-84.77%๐Ÿ‡บ๐Ÿ‡ธ USA
-2.17-94.38%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.