Spirit Airlines
SAVE
#7413
Rank
โ‚น25.13 B
Marketcap
โ‚น229.49
Share price
0.00%
Change (1 day)
-74.91%
Change (1 year)

P/E ratio for Spirit Airlines (SAVE)

P/E ratio as of November 2024 (TTM): -0.5551

According to Spirit Airlines 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.555102. At the end of 2022 the company had a P/E ratio of -3.83.

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

PE ratio at the end of each year

Year P/E ratio Change
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%
201211.86.83%
201111.1

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
37.7-6,884.83%๐Ÿ‡บ๐Ÿ‡ธ USA
-4.42 696.72%๐Ÿ‡บ๐Ÿ‡ธ USA
9.78-1,861.94%๐Ÿ‡บ๐Ÿ‡ธ USA
-237 42,663.85%๐Ÿ‡บ๐Ÿ‡ธ USA
40.5-7,390.25%๐Ÿ‡บ๐Ÿ‡ธ USA
-10.8 1,846.24%๐Ÿ‡บ๐Ÿ‡ธ USA
11.4-2,146.29%๐Ÿ‡บ๐Ÿ‡ธ USA
7.63-1,474.49%๐Ÿ‡บ๐Ÿ‡ธ USA
5.51-1,093.36%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.