P/E ratio for Alaska Airlines (ALK)

P/E ratio history for Alaska Airlines from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
United Airlines Holdings UAL	11.2	-78.16%	🇺🇸 USA
Jetblue Airways JBLU	-14.3	-127.78%	🇺🇸 USA
Hawaiian Airlines HA	-4.42	-108.59%	🇺🇸 USA
Delta Air Lines DAL	11.4	-77.83%	🇺🇸 USA
Allegiant Air ALGT	9.90	-80.78%	🇺🇸 USA
Southwest Airlines LUV	40.4	-21.46%	🇺🇸 USA
SkyWest SKYW	-214	-516.37%	🇺🇸 USA
American Airlines AAL	7.13	-86.14%	🇺🇸 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.