P/E ratio for Spirit Airlines (SAVEQ)
P/E ratio as of April 2025 (TTM): -0.0616
According to Spirit Airlines 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.0615894. 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 | -4.01 | 4.71% |
| 2022 | -3.83 | -20.48% |
| 2021 | -4.81 | -3.55% |
| 2020 | -4.99 | -160.65% |
| 2019 | 8.23 | -67.62% |
| 2018 | 25.4 | 240.98% |
| 2017 | 7.45 | -51.46% |
| 2016 | 15.3 | 69.07% |
| 2015 | 9.08 | -62.77% |
| 2014 | 24.4 | 30.47% |
| 2013 | 18.7 | 58.1% |
| 2012 | 11.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | 34.8 | -56,556.31% | 🇺🇸 USA |
 | -4.42 | 7,080.78% | 🇺🇸 USA |
 | 6.90 | -11,295.95% | 🇺🇸 USA |
 | -180 | 291,882.06% | 🇺🇸 USA |
 | 36.5 | -59,298.99% | 🇺🇸 USA |
 | -7.45 | 11,990.44% | 🇺🇸 USA |
 | 7.28 | -11,914.24% | 🇺🇸 USA |
 | 5.23 | -8,585.86% | 🇺🇸 USA |
 | 3.85 | -6,348.12% | 🇺🇸 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.