P/E ratio for Spirit Airlines (SAVE)

P/E ratio history for Spirit Airlines from 2011 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Southwest Airlines LUV	40.2	-18,346.57%	🇺🇸 USA
Hawaiian Airlines HA	-4.42	1,906.55%	🇺🇸 USA
United Airlines Holdings UAL	11.1	-5,157.17%	🇺🇸 USA
SkyWest SKYW	-216	97,905.06%	🇺🇸 USA
Alaska Airlines ALK	52.6	-23,986.07%	🇺🇸 USA
Jetblue Airways JBLU	-13.6	6,065.52%	🇺🇸 USA
Delta Air Lines DAL	11.5	-5,323.59%	🇺🇸 USA
Allegiant Air ALGT	9.05	-4,205.49%	🇺🇸 USA
American Airlines AAL	6.90	-3,230.93%	🇺🇸 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.