P/E ratio for Spring Airlines (601021.SS)
P/E ratio as of April 2024 (TTM): -22.2
According to Spring Airlines 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -22.167. At the end of 2022 the company had a P/E ratio of -19.5.
P/E ratio history for Spring Airlines from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -19.5 | -101.37% |
| 2021 | > 1000 | -1739.55% |
| 2020 | -86.6 | -496.64% |
| 2019 | 21.8 | 14.67% |
| 2018 | 19.0 | -19.27% |
| 2017 | 23.6 | -23.6% |
| 2016 | 30.9 | -14.97% |
| 2015 | 36.3 |
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.