The current PE ratio for Air Lease stock as of Oct 2, 2023 is 8.92. This is calculated based on the TTM EPS of $4.28 and the stock price of $38.17 per share.
The average historical PE ratio of Air Lease for the last ten years is 10.37. The current P/E ratio of 8.92 is 14% lower than 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 |
---|---|---|
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% |
2013 | 16.53 | 0.73% |
Currently, AL's PE ratio is higher than its 5-year average, but it is lower than its 3 and 10-year averages.
In comparison to its peer stock WLFC, AL's PE ratio is higher.
Stock name | PE ratio | Market cap |
---|---|---|
WLFC Willis Lease Finance Corp | 7.14 | $261.73M |
AL Air Lease Corp | 8.57 | $4.07B |
AL stock has a price to earnings ratio of 8.92 as of Oct 2, 2023.
As an average over the last 3 years, AL stock has a PE ratio of 11.2.
As an average over the last 5 years, AL stock has a PE ratio of 8.88.
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 14% lower 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 (Oct 2, 2023), Air Lease's share price is $38.17. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $4.28. Therefore, Air Lease's PE ratio for today is 8.92. PE RATIO(8.92) = STOCK PRICE($38.17) / TTM EPS($4.28)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.