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Spirit Airlines
SAVE
#3826
Rank
$1.87 B
Marketcap
$16.93
Share price
1.32%
Change (1 day)
-24.39%
Change (1 year)

P/E ratio for Spirit Airlines (SAVE)

P/E ratio as of March 2023 (TTM): -3.33

According to Spirit Airlines 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -3.32613. At the end of 2021 the company had a P/E ratio of -4.81.

P/E ratio history for Spirit Airlines from 2011 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021-4.81-3.55%
2020-4.99-160.65%
20198.23-67.62%
201825.4242.68%
20177.41-51.7%
201615.369.07%
20159.08-62.77%
201424.430.47%
201318.758.1%
201211.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
90.3-2,814.53%๐Ÿ‡บ๐Ÿ‡ธ USA
79.7-2,496.85%๐Ÿ‡บ๐Ÿ‡ธ USA
16.2-586.29%๐Ÿ‡บ๐Ÿ‡ธ USA
31.6-1,050.15%๐Ÿ‡บ๐Ÿ‡ธ USA
19.3-680.26%๐Ÿ‡บ๐Ÿ‡ธ USA
14.4-532.11%๐Ÿ‡บ๐Ÿ‡ธ USA
-6.34 90.59%๐Ÿ‡บ๐Ÿ‡ธ USA
985-29,717.33%๐Ÿ‡บ๐Ÿ‡ธ USA
-1.97-40.79%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.