P/E ratio for Southwest Airlines (LUV)
P/E ratio as of September 2023 (TTM): 27.8
According to Southwest Airlines's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.7755. At the end of 2021 the company had a P/E ratio of 26.0.
P/E ratio history for Southwest Airlines from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 26.0 | -395.79% |
| 2020 | -8.78 | -169.76% |
| 2019 | 12.6 | 16.68% |
| 2018 | 10.8 | -3.77% |
| 2017 | 11.2 | -19.5% |
| 2016 | 13.9 | 6.69% |
| 2015 | 13.0 | -49.13% |
| 2014 | 25.6 | 44.31% |
| 2013 | 17.8 | -2.8% |
| 2012 | 18.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Alaska Airlines
ALK | 29.2 | 5.24% | 🇺🇸 USA |
 American Airlines AAL | 3.20 | -88.49% | 🇺🇸 USA |
 Delta Air Lines DAL | 7.90 | -71.57% | 🇺🇸 USA |
 United Airlines Holdings
UAL | 5.19 | -81.31% | 🇺🇸 USA |
 SkyWest SKYW | -613 | -2,305.44% | 🇺🇸 USA |
 Jetblue Airways
JBLU | 57.0 | 105.22% | 🇺🇸 USA |
 Allegiant Air
ALGT | 9.57 | -65.56% | 🇺🇸 USA |
 Spirit Airlines
SAVE | -4.24 | -115.28% | 🇺🇸 USA |
 Hawaiian Airlines HA | -1.97 | -107.10% | 🇺🇸 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.