P/E ratio for Spirit Airlines (SAVEQ)

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

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	37.0	-59,497.41%	🇺🇸 USA
Hawaiian Airlines HA	-4.42	7,004.38%	🇺🇸 USA
United Airlines Holdings UAL	10.6	-17,183.23%	🇺🇸 USA
SkyWest SKYW	-208	333,548.72%	🇺🇸 USA
Alaska Airlines ALK	56.8	-91,281.29%	🇺🇸 USA
Jetblue Airways JBLU	-11.6	18,488.09%	🇺🇸 USA
Delta Air Lines DAL	11.2	-18,026.90%	🇺🇸 USA
Allegiant Air ALGT	7.82	-12,654.60%	🇺🇸 USA
American Airlines AAL	5.82	-9,442.38%	🇺🇸 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.