AL Air Lease PE ratio, current and historical analysis
The current PE ratio for Air Lease stock as of Oct 4, 2024 is 9.27. This is calculated based on the TTM EPS of $4.69 and the stock price of $43.49 per share. The current PE ratio is about the same compared to the last 4 quarters average.
AL PE ratio history
The average historical PE ratio of Air Lease for the last ten years is 9.58. The current P/E ratio of 9.27 is 3.2% 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.
Air Lease PE ratio by year
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% |
AL average PE ratio chart
Currently, AL's PE ratio is lower than its 3, 5 and 10-year averages.
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. Air Lease's PE ratio is trading below the peer average of 12.95.
| Stock name | PE ratio | Market cap |
|---|---|---|
| AER Aercap Holdings N.V. | 6.05 | $18.39B |
| AL Air Lease Corp | 9.27 | $4.84B |
| WLFC Willis Lease Finance Corp | 11.56 | $1B |
| ENVA Enova International Inc | 13.4 | $2.21B |
| URI United Rentals Inc | 20.8 | $52.22B |
Frequently asked questions
What is Air Lease's PE ratio?
AL stock has a price to earnings ratio of 9.27 as of Oct 4, 2024.
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 9.86.
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 9.4.
What is the highest PE ratio for AL?
Over the last ten years, the quarterly PE ratio reached its highest level at 17.97 in the Mar 2015 quarter.
How does the current PE ratio for AL compare to its historical average?
The current PE ratio of AL is 3.2% lower 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 (Oct 4, 2024), Air Lease's share price is $43.49. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $4.69. Therefore, Air Lease's PE ratio for today is 9.27. PE RATIO(9.27) = STOCK PRICE($43.49) / TTM EPS($4.69)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.