P/E ratio for Azul (AZUL)
P/E ratio as of April 2024 (TTM): -1.68
According to Azul's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -1.67786. At the end of 2022 the company had a P/E ratio of -3.96.
P/E ratio history for Azul from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -3.96 | 115.27% |
| 2021 | -1.84 | 30.25% |
| 2020 | -1.41 | -106.23% |
| 2019 | 22.7 | -52.88% |
| 2018 | 48.1 | 189.9% |
| 2017 | 16.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Southwest Airlines LUV | 35.0 | -2,186.71% | 🇺🇸 USA |
 Mesa Air MESA | -0.1569 | -90.65% | 🇺🇸 USA |
 LATAM Airlines LTM.SN | 1.97 | -217.55% | 🇨🇱 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.