The price-to-earnings ratio for Allegiant Travel stock stands at 9.03 as of Apr 26, 2024. This results from the current EPS of $6.32 and stock price of $57.04. A decrease of 41% has been recorded in the PE ratio compared to the average of 15.4 of the past four quarters.
Over the last ten years, the average PE ratio of Allegiant Travel has been 32.69. The current 9.03 price-to-earnings ratio is 72% less than the historical average. In the past ten years, ALGT's PE ratio reached its highest point in the Dec 2022 quarter at 485.64, with a price of $67.99 and an EPS of $0.14. The Sep 2023 quarter saw the lowest point at 8.2, with a price of $76.86 and an EPS of $9.37.
Maximum annual increase: 2,156.69% in 2022
Maximum annual decrease: -97.31% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 13.07 | -97.31% |
| 2022 | 485.64 | 2,156.69% |
| 2021 | 21.52 | N/A |
| 2020 | N/A | N/A |
| 2019 | 12.2 | 22% |
| 2018 | 10 | -21.57% |
| 2017 | 12.75 | 2% |
| 2016 | 12.5 | -3.4% |
| 2015 | 12.94 | -58.08% |
| 2014 | 30.87 | 42% |
The current PE ratio of ALGT is lower than the 3, 5 and 10-year averages.
When compared to its peers LUV and AAL, ALGT's PE ratio is lower, but it is higher than DAL's and UAL's. Allegiant Travel's PE ratio is trading below the peer group average of 20.3.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DAL Delta Air Lines Inc | 6.38 | $32.25B |
| UAL United Airlines Holdings Inc | 6.39 | $17.22B |
| ALGT Allegiant Travel CO | 8.92 | $1.03B |
| AAL American Airlines Group Inc | 17.88 | $9.03B |
| ALK Alaska Air Group Inc | 24 | $5.57B |
| SKYW Skywest Inc | 26.41 | $3B |
| LUV Southwest Airlines Co | 40.41 | $15.96B |
| JBLU Jetblue Airways Corp | N/A | $1.96B |
| HA Hawaiian Holdings Inc | N/A | $641.37M |
| SAVE Spirit Airlines Inc | N/A | $402.88M |
ALGT stock has a price to earnings ratio of 9.03 as of Apr 26, 2024.
The average PE ratio for ALGT stock over the past 3 years is 75.02.
The average PE ratio for ALGT stock over the past 5 years is 56.85.
In the last ten years, the Dec 2022 quarter recorded the highest quarterly PE ratio at 485.64.
ALGT's price to earnings ratio is currently 72% below its 10-year historical average.
ALGT's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Apr 26, 2024), Allegiant Travel's stock price is $57.04. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $6.32. Therefore, Allegiant Travel's price to earnings ratio for today is 9.03. PE RATIO(9.03) = STOCK PRICE($57.04) / TTM EPS($6.32)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.