As at Jul 25, 2024, the ALK stock has a price-to-earnings ratio of 20.36. This is based on the current EPS of $1.9 and the stock price of $38.68 per share. A decrease of 22% has been recorded in the PE ratio compared to the average of 26.0 of the last four quarters.
The mean historical PE ratio of Alaska Air Group over the last ten years is 43.51. The current 20.36 P/E ratio is 53% lower than the historical average. In the past ten years, ALK's PE ratio peaked in the Sep 2021 quarter at 732.5, with a price of $58.6 and an EPS of $0.08. The Mar 2020 quarter marked the lowest point at 6.59, with a price of $28.47 and an EPS of $4.32.
Maximum annual increase: 584.38% in 2022
Maximum annual decrease: -77.26% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 21.23 | -77.26% |
| 2022 | 93.35 | 584.38% |
| 2021 | 13.64 | N/A |
| 2020 | N/A | N/A |
| 2019 | 10.86 | -36.64% |
| 2018 | 17.14 | 81.57% |
| 2017 | 9.44 | -31.4% |
| 2016 | 13.76 | 12.97% |
| 2015 | 12.18 | -8.9% |
| 2014 | 13.37 | 32.25% |
Currently, ALK's PE ratio is lower than the 3, 5 and 10-year averages.
ALK's PE ratio stands lower than its peer stocks LUV and SKYW, but it is higher than DAL's and UAL's. Alaska Air Group's current PE ratio of 20.36 is higher than the average of its peers, which is 18.97.
| Stock name | PE ratio | Market cap |
|---|---|---|
| UAL United Airlines Holdings Inc | 5.3 | $15.58B |
| DAL Delta Air Lines Inc | 6.3 | $28.48B |
| ALGT Allegiant Travel CO | 16.69 | $964.67M |
| ALK Alaska Air Group Inc | 20.77 | $5.01B |
| SKYW Skywest Inc | 27.21 | $3.09B |
| LUV Southwest Airlines Co | 41.26 | $16.3B |
| HA Hawaiian Holdings Inc | N/A | $645M |
| JBLU Jetblue Airways Corp | N/A | $2.11B |
| AAL American Airlines Group Inc | N/A | $6.97B |
As of Jul 25, 2024, ALK stock has a price to earnings ratio of 20.36.
As an average over the last 3 years, ALK stock has a PE ratio of 105.87.
As an average over the last 5 years, ALK stock has a PE ratio of 84.93.
Over the last ten years, the quarterly PE ratio reached a historic high of 732.5 in the Sep 2021 quarter.
ALK's current price to earnings ratio is 53% below its 10-year historical average.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jul 25, 2024), Alaska Air Group's stock price is $38.68. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $1.9. Therefore, Alaska Air Group's PE ratio for today is 20.36. PE RATIO(20.36) = STOCK PRICE($38.68) / TTM EPS($1.9)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.