Spirit Airlines
SAVE
#7211
Rank
A$0.54 B
Marketcap
$4.94
Share price
-5.29%
Change (1 day)
-64.75%
Change (1 year)

P/E ratio for Spirit Airlines (SAVE)

P/E ratio as of November 2024 (TTM): -0.6571

According to Spirit Airlines 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.657143. 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%
20198.23-67.62%
201825.4240.98%
20177.45-51.46%
201615.369.07%
20159.08-62.77%
201424.430.47%
201318.758.1%
201211.86.83%
201111.1

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
38.6-5,972.45%๐Ÿ‡บ๐Ÿ‡ธ USA
-4.42 573.00%๐Ÿ‡บ๐Ÿ‡ธ USA
10.2-1,652.81%๐Ÿ‡บ๐Ÿ‡ธ USA
-239 36,250.08%๐Ÿ‡บ๐Ÿ‡ธ USA
40.8-6,313.76%๐Ÿ‡บ๐Ÿ‡ธ USA
-11.3 1,617.39%๐Ÿ‡บ๐Ÿ‡ธ USA
12.0-1,932.10%๐Ÿ‡บ๐Ÿ‡ธ USA
8.00-1,317.06%๐Ÿ‡บ๐Ÿ‡ธ USA
5.63-956.98%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.