Spirit Airlines
SAVEQ
#9488
Rank
C$76.47 M
Marketcap
$0.70
Share price
-2.40%
Change (1 day)
-90.61%
Change (1 year)

P/E ratio for Spirit Airlines (SAVEQ)

P/E ratio as of March 2025 (TTM): -0.0648

According to Spirit Airlines 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.0648344. At the end of 2023 the company had a P/E ratio of -4.01.

P/E ratio history for Spirit Airlines from 2011 to 2024

PE ratio at the end of each year

Year P/E ratio Change
2023-4.014.71%
2022-3.83-20.48%
2021-4.81-3.55%
2020-4.99-160.65%
20198.23-67.62%
201825.4240.98%
20177.45-51.46%
201615.369.07%
20159.08-62.77%
201424.430.47%
201318.758.1%
201211.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
35.6-55,077.91%๐Ÿ‡บ๐Ÿ‡ธ USA
-4.42 6,721.38%๐Ÿ‡บ๐Ÿ‡ธ USA
10.0-15,558.00%๐Ÿ‡บ๐Ÿ‡ธ USA
-191 295,250.92%๐Ÿ‡บ๐Ÿ‡ธ USA
50.6-78,198.82%๐Ÿ‡บ๐Ÿ‡ธ USA
-11.1 17,017.76%๐Ÿ‡บ๐Ÿ‡ธ USA
10.4-16,168.94%๐Ÿ‡บ๐Ÿ‡ธ USA
6.82-10,623.67%๐Ÿ‡บ๐Ÿ‡ธ USA
5.46-8,523.83%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.