P/E ratio for Azul (AZUL)
P/E ratio as of September 2023 (TTM): -3.19
According to Azul's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.19396. At the end of 2021 the company had a P/E ratio of -1.79.
P/E ratio history for Azul from 2017 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | -1.79 | 26.45% |
| 2020 | -1.41 | -106.95% |
| 2019 | 20.3 | -23.8% |
| 2018 | 26.7 | 66.01% |
| 2017 | 16.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Southwest Airlines LUV | 27.8 | -969.63% | 🇺🇸 USA |
 Mesa Air MESA | -0.1648 | -94.84% | 🇺🇸 USA |
 LATAM Airlines LTM.SN | -0.4401 | -86.22% | 🇨🇱 Chile |
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.