The current PE ratio for Air Lease stock as of May 3, 2024 is 9.96. This is calculated based on the TTM EPS of $5.16 and the stock price of $51.41 per share. The PE ratio marks an increase of 10% from its last 4 quarters average of 9.1.
The average historical PE ratio of Air Lease for the last ten years is 9.87. The current P/E ratio of 9.96 is similar to the historical average. Looking back at the last ten years, AL's PE ratio peaked in the Mar 2015 quarter at 17.97, when the price was $37.74 and the EPS was $2.1. 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.
Maximum annual increase: 49.43% in 2019
Maximum annual decrease: -30.55% in 2016
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 8.13 | N/A |
| 2022 | N/A | N/A |
| 2021 | 12.35 | 22.64% |
| 2020 | 10.07 | 8.86% |
| 2019 | 9.25 | 49.43% |
| 2018 | 6.19 | -5.64% |
| 2017 | 6.56 | -30.29% |
| 2016 | 9.41 | -30.55% |
| 2015 | 13.55 | -0.88% |
| 2014 | 13.67 | -17.3% |
Currently, AL's PE ratio is higher than its 5 and 10-year averages, but it is lower than its 3-year average.
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 10.79.
| Stock name | PE ratio | Market cap |
|---|---|---|
| AER Aercap Holdings N.V. | 5.7 | $17.37B |
| WLFC Willis Lease Finance Corp | 6.3 | $367.99M |
| AL Air Lease Corp | 9.96 | $5.71B |
| ENVA Enova International Inc | 10.69 | $1.68B |
| URI United Rentals Inc | 18.02 | $44.39B |
AL stock has a price to earnings ratio of 9.96 as of May 3, 2024.
As an average over the last 3 years, AL stock has a PE ratio of 10.4.
As an average over the last 5 years, AL stock has a PE ratio of 9.14.
Over the last ten years, the quarterly PE ratio reached its highest level at 17.97 in the Mar 2015 quarter.
The current PE ratio of AL is 0.9% higher than the 10-year historical average.
AL's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 3, 2024), Air Lease's share price is $51.41. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $5.16. Therefore, Air Lease's PE ratio for today is 9.96. PE RATIO(9.96) = STOCK PRICE($51.41) / TTM EPS($5.16)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.