Spring Airlines
601021.SS
#1668
Rank
$8.75 B
Marketcap
$8.95
Share price
-0.51%
Change (1 day)
0.11%
Change (1 year)

P/E ratio for Spring Airlines (601021.SS)

P/E ratio as of February 2023 (TTM): -77.5

According to Spring Airlines 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -77.5046. At the end of 2021 the company had a P/E ratio of > 1000.

P/E ratio history for Spring Airlines from 2015 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021> 1000-1734.17%
2020-85.6-492.52%
201921.814.52%
201819.0-19.27%
201723.6-23.6%
201630.9-15.51%
201536.5

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.