As of May 2, 2024, the GOGO stock has a PE ratio of 8.13. The calculation is based on the latest EPS of $1.12 and the stock price of $9.11 per share. A decrease of 38% has been observed in the PE ratio compared to its average of 13.2 of the last four quarters.
The mean historical PE ratio of Gogo over the last three years is 11.47. The current 8.13 P/E ratio is 29% lower than the historical average. Looking back at the last three years, GOGO's PE ratio peaked in the Mar 2023 quarter at 20.14, with a price of $14.5 and an EPS of $0.72. The Sep 2022 quarter marked the lowest point at 4.57, with a price of $12.12 and an EPS of $2.65.
Maximum annual increase: 112.3% in 2022
Maximum annual decrease: -54.07% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 9.04 | -54.07% |
| 2022 | 19.68 | 112.3% |
| 2021 | 9.27 | N/A |
| 2020 | N/A | N/A |
| 2019 | N/A | N/A |
| 2018 | N/A | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | N/A | N/A |
The current PE ratio of GOGO is lower than its 3, 5 and 10-year averages.
In comparison to its peer stock IRDM, GOGO's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| GOGO Gogo Inc | 8.05 | $1.16B |
| IRDM Iridium Communications Inc | 144.38 | $3.68B |
| GSAT Globalstar Inc | N/A | $2.47B |
GOGO's price to earnings ratio is 8.13 as of May 2, 2024.
The 3-year average price to earnings ratio for GOGO stock is 11.47.
The 5-year average price to earnings ratio for GOGO stock is 11.47.
Over the last three years, the Mar 2023 quarter recorded the highest quarterly PE ratio at 20.14.
GOGO's current price to earnings ratio is 29% below its 3-year historical average.
GOGO's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 8.13 is considered low.
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (May 2, 2024), Gogo's share price is $9.11. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $1.12. Therefore, Gogo's PE ratio for today is 8.13. PE RATIO(8.13) = STOCK PRICE($9.11) / TTM EPS($1.12)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.