SKYW Skywest PE ratio, current and historical analysis
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- NASDAQ: SKYW
- PE Ratio
As at Jul 18, 2025, the SKYW stock has a PE ratio of 12.57. This is based on the current EPS of $9 and the stock price of $113.15 per share. A decrease of 9% has been recorded in the P/E ratio compared to the average of 13.8 of the last 4 quarters.
SKYW PE ratio history
The mean historical PE ratio of Skywest over the last ten years is 14.87. The current 12.57 PE ratio is 15% below the historical average. In the past ten years, SKYW's PE ratio was at its highest in the Dec 2023 quarter at 66.92, with a price of $52.2 and an EPS of $0.78. The Mar 2020 quarter recorded the bottom point at 4.71, with a price of $26.19 and an EPS of $5.56.
Skywest PE ratio history chart
Skywest PE ratio by year
Maximum annual increase: 483.44% in 2023
Maximum annual decrease: -81.34% in 2024
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 12.49 | -81.34% | $100.13 | $8.02 |
| 2023 | 66.92 | 483.44% | $52.2 | $0.78 |
| 2022 | 11.47 | -35.2% | $16.51 | $1.44 |
| 2021 | 17.7 | N/A | $39.3 | $2.22 |
| 2020 | N/A | N/A | $40.31 | -$0.17 |
| 2019 | 9.68 | 17.48% | $64.63 | $6.68 |
| 2018 | 8.24 | 28.55% | $44.47 | $5.4 |
| 2017 | 6.41 | N/A | $53.1 | $8.28 |
| 2016 | N/A | N/A | $36.45 | -$3.14 |
| 2015 | 8.23 | N/A | $19.02 | $2.31 |
| 2014 | N/A | N/A | $13.28 | -$0.47 |
| 2013 | 13.01 | 4.41% | $14.83 | $1.14 |
| 2012 | 12.46 | N/A | $12.46 | $1 |
| 2011 | N/A | N/A | $12.59 | -$0.52 |
| 2010 | 9.03 | -19.95% | $15.62 | $1.73 |
Skywest PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 9.71 | -22.26% | $87.37 | $9 |
| Dec 2024 | 12.49 | -11.54% | $100.13 | $8.02 |
| Sep 2024 | 14.12 | -25.17% | $85.02 | $6.02 |
| Jun 2024 | 18.87 | -22.98% | $82.07 | $4.35 |
| Mar 2024 | 24.5 | -63.39% | $69.08 | $2.82 |
| Dec 2023 | 66.92 | N/A | $52.2 | $0.78 |
| Sep 2023 | N/A | N/A | $41.94 | -$0.48 |
| Jun 2023 | N/A | N/A | $40.72 | -$0.08 |
| Mar 2023 | 34.64 | 202.01% | $22.17 | $0.64 |
| Dec 2022 | 11.47 | 73.52% | $16.51 | $1.44 |
| Sep 2022 | 6.61 | -47.41% | $16.26 | $2.46 |
| Jun 2022 | 12.57 | -19.37% | $21.25 | $1.69 |
| Mar 2022 | 15.59 | -11.92% | $28.85 | $1.85 |
| Dec 2021 | 17.7 | -56.96% | $39.3 | $2.22 |
| Sep 2021 | 41.12 | 60.37% | $49.34 | $1.2 |
SKYW Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
SKYW average PE ratio chart
SKYW's current P/E ratio is lower than the 3, 5 and 10-year averages.
PE vs average
SKYW PE vs peers
Compared to its peers LUV and ALK, SKYW's PE ratio stands lower, however it is higher than DAL's and UAL's. Skywest is presently trading at a lower PE ratio (12.57) than its peer group average of 17.74.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DAL Delta Air Lines Inc | 8.11 | $36.75B |
| UAL United Airlines Holdings Inc | 9.12 | $29.86B |
| AAL American Airlines Group Inc | 12.03 | $8.25B |
| SKYW Skywest Inc | 12.57 | $4.58B |
| ALK Alaska Air Group Inc | 18.85 | $6.45B |
| LUV Southwest Airlines Co | 40.57 | $20.81B |
| JBLU Jetblue Airways Corp | N/A | $1.56B |
| ALGT Allegiant Travel CO | N/A | $943.59M |
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Frequently asked questions
What is Skywest's PE ratio?
As of Jul 18, 2025, SKYW stock has a price to earnings ratio of 12.57.
What is the 3-year average PE ratio for Skywest (SKYW)?
The 3-year average PE ratio for SKYW stock is 22.15.
What is the 5-year average PE ratio for Skywest (SKYW)?
The 5-year average PE ratio for SKYW stock is 21.7.
What is the highest PE ratio for SKYW?
Over the last ten years, the quarterly PE ratio reached a historic high of 66.92 in the Dec 2023 quarter.
How does the current PE ratio for SKYW compare to its historical average?
SKYW's current price to earnings ratio is 15% below its 10-year historical average.
How is SKYW's PE ratio calculated (Skywest PE ratio formula)?
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jul 18, 2025), Skywest's stock price is $113.15. The earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $9. Therefore, Skywest's P/E ratio for today is 12.57. PE RATIO(12.57) = STOCK PRICE($113.15) / TTM EPS($9)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.