P/E ratio for Allegiant Air (ALGT)

P/E ratio history for Allegiant Air from 2006 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
Jetblue Airways JBLU	-11.1	-227.55%	🇺🇸 USA
SkyWest SKYW	-243	-2,909.36%	🇺🇸 USA
Alaska Airlines ALK	42.2	386.83%	🇺🇸 USA
Southwest Airlines LUV	39.8	358.78%	🇺🇸 USA
Delta Air Lines DAL	11.9	37.53%	🇺🇸 USA
Hawaiian Airlines HA	-4.42	-151.03%	🇺🇸 USA
Spirit Airlines SAVE	-0.2204	-102.54%	🇺🇸 USA
American Airlines AAL	5.91	-31.75%	🇺🇸 USA
United Airlines Holdings UAL	11.2	28.72%	🇺🇸 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.