ALK
Alaska Air Group
PE ratio, current and historical analysis
- Stocks
- Industrials
- NYSE: ALK
- PE Ratio
As at Jun 22, 2026, the ALK stock has a price-to-earnings ratio of 84.14. This is based on the current EPS of $0.58 and the stock price of $48.8 per share. An increase of 86% has been recorded in the PE ratio compared to the average of 45.2 of the last four quarters.
ALK PE ratio history
The mean historical PE ratio of Alaska Air Group over the last ten years is 47.12. The current 84.14 P/E ratio is 79% higher 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.
Alaska Air Group PE ratio by year
Maximum annual increase: 584.38% in 2022
Maximum annual decrease: -77.26% in 2023
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 59.18 | 186.03% | $50.3 | $0.85 |
| 2024 | 20.69 | -2.54% | $64.75 | $3.13 |
| 2023 | 21.23 | -77.26% | $39.07 | $1.84 |
| 2022 | 93.35 | 584.38% | $42.94 | $0.46 |
| 2021 | 13.64 | N/A | $52.1 | $3.82 |
| 2020 | N/A | N/A | $52 | -$10.72 |
| 2019 | 10.86 | -36.64% | $67.75 | $6.24 |
| 2018 | 17.14 | 81.57% | $60.85 | $3.55 |
| 2017 | 9.44 | -31.4% | $73.51 | $7.79 |
| 2016 | 13.76 | 12.97% | $88.73 | $6.45 |
| 2015 | 12.18 | -8.9% | $80.51 | $6.61 |
| 2014 | 13.37 | 32.25% | $59.76 | $4.47 |
| 2013 | 10.11 | 4.66% | $36.69 | $3.63 |
| 2012 | 9.66 | -12.02% | $21.55 | $2.23 |
| 2011 | 10.98 | 35.56% | $18.77 | $1.71 |
Alaska Air Group PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 63.41 | 7.15% | $36.78 | $0.58 |
| Dec 2025 | 59.18 | 53.36% | $50.3 | $0.85 |
| Sep 2025 | 38.59 | 97.29% | $49.78 | $1.29 |
| Jun 2025 | 19.56 | 12.09% | $49.48 | $2.53 |
| Mar 2025 | 17.45 | -15.66% | $49.22 | $2.82 |
| Dec 2024 | 20.69 | 16.24% | $64.75 | $3.13 |
| Sep 2024 | 17.8 | -22.44% | $45.21 | $2.54 |
| Jun 2024 | 22.95 | 1.41% | $40.4 | $1.76 |
| Mar 2024 | 22.63 | 6.59% | $42.99 | $1.9 |
| Dec 2023 | 21.23 | 16.78% | $39.07 | $1.84 |
| Sep 2023 | 18.18 | -56.58% | $37.08 | $2.04 |
| Jun 2023 | 41.87 | -51.1% | $53.18 | $1.27 |
| Mar 2023 | 85.63 | -8.27% | $41.96 | $0.49 |
| Dec 2022 | 93.35 | -2.24% | $42.94 | $0.46 |
| Sep 2022 | 95.49 | 291.03% | $39.15 | $0.41 |
ALK Price vs fair value
ALK average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, ALK's PE ratio is higher than its 3, 5 and 10-year historical averages.
PE comparison
With a P/E of 84.14, ALK stands above the Industrials sector, the industry and its peers average. In comparison with its Industrials sector average of 30.63, Alaska Air Group's P/E is 175% higher.
ALK PE vs peers
ALK's PE ratio stands higher than its peer stocks DAL and UAL. Alaska Air Group's current PE ratio of 84.14 is higher than the average of its peers, which is 22.93.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SKYW Skywest Inc | 8.82 | $3.74B |
| UAL United Airlines Holdings Inc | 10.75 | $39.45B |
| DAL Delta Air Lines Inc | 12.57 | $56.92B |
| LUV Southwest Airlines Co | 31.99 | $24.39B |
| AAL American Airlines Group Inc | 52.52 | $10.77B |
| ALK Alaska Air Group Inc | 86 | $5.56B |
| JBLU Jetblue Airways Corp | N/A | $2.08B |
| ALGT Allegiant Travel CO | N/A | $1.92B |
Frequently asked questions
What is Alaska Air Group's PE ratio?
As of Jun 22, 2026, ALK stock has a price to earnings ratio of 84.14.
What is the 3-year average PE ratio for Alaska Air Group (ALK)?
As an average over the last 3 years, ALK stock has a PE ratio of 30.3.
What is the 5-year average PE ratio for Alaska Air Group (ALK)?
As an average over the last 5 years, ALK stock has a PE ratio of 74.96.
What is the highest PE ratio for ALK?
Over the last ten years, the quarterly PE ratio reached a historic high of 732.5 in the Sep 2021 quarter.
How does the current PE ratio for ALK compare to its historical average?
ALK's current price to earnings ratio is 79% above its 10-year historical average.
Why is Alaska Air Group's PE ratio so high?
ALK's stock price is trading at a higher multiple of earnings, which is why its PE ratio of 84.14 is considered high.
How is ALK's PE ratio calculated (Alaska Air Group PE ratio formula)?
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jun 22, 2026), Alaska Air Group's stock price is $48.8. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $0.58. Therefore, Alaska Air Group's PE ratio for today is 84.14. PE RATIO(84.14) = STOCK PRICE($48.8) / TTM EPS($0.58)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.