Southwest Airlines
LUV
#1071
Rank
$18.34 B
Marketcap
$30.62
Share price
0.86%
Change (1 day)
20.31%
Change (1 year)

P/E ratio for Southwest Airlines (LUV)

P/E ratio as of October 2024 (TTM): 36.9

According to Southwest Airlines's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 36.9277. At the end of 2022 the company had a P/E ratio of 36.6.

P/E ratio history for Southwest Airlines from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202236.640.96%
202126.0-395.79%
2020-8.78-169.76%
201912.616.68%
201810.8-3.77%
201711.2-19.5%
201613.96.69%
201513.0-49.13%
201425.644.31%
201317.8-2.8%
201218.3-48.73%
201135.767.62%
201021.3-85.11%
2009143314.37%
200834.5140.23%
200714.4-40.98%
200624.3-9.72%
200526.9-35.48%
200441.726.73%
200332.9-25.57%
200244.360.45%
200127.6

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-12.1-132.67%๐Ÿ‡บ๐Ÿ‡ธ USA
7.03-80.96%๐Ÿ‡บ๐Ÿ‡ธ USA
9.53-74.19%๐Ÿ‡บ๐Ÿ‡ธ USA
35.1-4.98%๐Ÿ‡บ๐Ÿ‡ธ USA
-193-623.97%๐Ÿ‡บ๐Ÿ‡ธ USA
6.23-83.12%๐Ÿ‡บ๐Ÿ‡ธ USA
4.75-87.14%๐Ÿ‡บ๐Ÿ‡ธ USA
-0.3327-100.90%๐Ÿ‡บ๐Ÿ‡ธ USA
-4.42-111.98%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.