P/E ratio for Spirit Airlines (SAVE)
P/E ratio as of April 2024 (TTM): -0.7224
According to Spirit Airlines 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.722408. 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% |
| 2019 | 8.23 | -67.62% |
| 2018 | 25.4 | 240.98% |
| 2017 | 7.45 | -51.46% |
| 2016 | 15.3 | 69.07% |
| 2015 | 9.08 | -62.77% |
| 2014 | 24.4 | 30.47% |
| 2013 | 18.7 | 58.1% |
| 2012 | 11.8 | 6.83% |
| 2011 | 11.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Alaska Airlines
ALK | 35.0 | -4,944.91% | 🇺🇸 USA |
 American Airlines AAL | 5.62 | -877.89% | 🇺🇸 USA |
 Delta Air Lines DAL | 9.37 | -1,397.61% | 🇺🇸 USA |
 Southwest Airlines LUV | 32.6 | -4,607.18% | 🇺🇸 USA |
 United Airlines Holdings
UAL | 6.05 | -937.32% | 🇺🇸 USA |
 SkyWest SKYW | -157 | 21,635.78% | 🇺🇸 USA |
 Jetblue Airways
JBLU | -10.3 | 1,325.04% | 🇺🇸 USA |
 Allegiant Air
ALGT | 6.11 | -946.45% | 🇺🇸 USA |
 Hawaiian Airlines HA | -3.01 | 316.98% | 🇺🇸 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.