AL Air Lease PE ratio, current and historical analysis
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- NYSE: AL
- PE Ratio
The current PE ratio for Air Lease stock as of Jul 21, 2025 is 9.94. This is calculated based on the TTM EPS of $5.73 and the stock price of $56.93 per share. The PE ratio marks a decrease of 8% from its last 4 quarters average of 10.8.
AL PE ratio history
The average historical PE ratio of Air Lease for the last ten years is 9.19. The current P/E ratio of 9.94 is 8% higher than the historical average. Looking back at the last ten years, AL's PE ratio peaked in the Dec 2024 quarter at 14.43, when the price was $48.21 and the EPS was $3.34. The lowest point was in the Mar 2020 quarter, when it reached 4.37 with a price of $22.14 and an EPS of $5.07.
Air Lease PE ratio history chart
Air Lease PE ratio by year
Maximum annual increase: 77.49% in 2024
Maximum annual decrease: -59.17% in 2012
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 14.43 | 77.49% | $48.21 | $3.34 |
| 2023 | 8.13 | N/A | $41.94 | $5.16 |
| 2022 | N/A | N/A | $38.42 | -$1.24 |
| 2021 | 12.35 | 22.64% | $44.23 | $3.58 |
| 2020 | 10.07 | 8.86% | $44.42 | $4.41 |
| 2019 | 9.25 | 49.43% | $47.52 | $5.14 |
| 2018 | 6.19 | -5.64% | $30.21 | $4.88 |
| 2017 | 6.56 | -30.29% | $48.09 | $7.33 |
| 2016 | 9.41 | -30.55% | $34.33 | $3.65 |
| 2015 | 13.55 | -0.88% | $33.48 | $2.47 |
| 2014 | 13.67 | -17.3% | $34.31 | $2.51 |
| 2013 | 16.53 | 0.73% | $31.08 | $1.88 |
| 2012 | 16.41 | -59.17% | $21.5 | $1.31 |
| 2011 | 40.19 | N/A | $23.71 | $0.59 |
Air Lease PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 8.43 | -41.58% | $48.31 | $5.73 |
| Dec 2024 | 14.43 | 40.51% | $48.21 | $3.34 |
| Sep 2024 | 10.27 | 1.38% | $45.29 | $4.41 |
| Jun 2024 | 10.13 | -1.94% | $47.53 | $4.69 |
| Mar 2024 | 10.33 | 27.06% | $51.44 | $4.98 |
| Dec 2023 | 8.13 | -7.61% | $41.94 | $5.16 |
| Sep 2023 | 8.8 | -10.02% | $39.41 | $4.48 |
| Jun 2023 | 9.78 | 2.62% | $41.85 | $4.28 |
| Mar 2023 | 9.53 | N/A | $39.37 | $4.13 |
| Dec 2022 | N/A | N/A | $38.42 | -$1.24 |
| Sep 2022 | N/A | N/A | $31.01 | -$1.11 |
| Jun 2022 | N/A | N/A | $33.43 | -$1.13 |
| Mar 2022 | N/A | N/A | $44.65 | -$1.33 |
| Dec 2021 | 12.35 | 3% | $44.23 | $3.58 |
| Sep 2021 | 11.99 | -1.72% | $39.34 | $3.28 |
AL 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.
AL average PE ratio chart
Currently, AL's PE ratio is higher than its 10-year average, but it is lower than its 3 and 5-year averages.
PE vs average
AL PE vs peers
In comparison to its peers URI and ENVA, AL's PE ratio is lower, but it is higher than AER's and WLFC's. Air Lease's PE ratio is trading below the peer average of 12.94.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WLFC Willis Lease Finance Corp | 9.29 | $971.18M |
| AER Aercap Holdings N.V. | 9.72 | $20.31B |
| AL Air Lease Corp | 10.03 | $6.42B |
| ENVA Enova International Inc | 12.86 | $2.9B |
| URI United Rentals Inc | 20.41 | $51.35B |
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Frequently asked questions
What is Air Lease's PE ratio?
AL stock has a price to earnings ratio of 9.94 as of Jul 21, 2025.
What is the 3-year average PE ratio for Air Lease (AL)?
As an average over the last 3 years, AL stock has a PE ratio of 9.98.
What is the 5-year average PE ratio for Air Lease (AL)?
As an average over the last 5 years, AL stock has a PE ratio of 10.33.
What is the highest PE ratio for AL?
Over the last ten years, the quarterly PE ratio reached its highest level at 14.43 in the Dec 2024 quarter.
How does the current PE ratio for AL compare to its historical average?
The current PE ratio of AL is 8% higher than the 10-year historical average.
Why is Air Lease's PE ratio so low?
AL's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
How is AL's PE ratio calculated (Air Lease PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 21, 2025), Air Lease's share price is $56.93. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $5.73. Therefore, Air Lease's PE ratio for today is 9.94. PE RATIO(9.94) = STOCK PRICE($56.93) / TTM EPS($5.73)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.