The current P/E ratio for Southwest Airlines stock as of Jul 25, 2024 is 42.55. This is calculated based on the TTM EPS of $0.66 and the stock price of $28.08 per share. The PE ratio has increased by 13% from its last 4 quarters average of 37.7.
The average historical PE ratio of Southwest Airlines for the last ten years is 21.65. The current price-to-earnings ratio of 42.55 is 97% more than the historical average. Analyzing the last ten years, LUV's PE ratio reached its highest point in the Jun 2020 quarter at 83.37, when the price was $34.18 and the EPS was $0.41. The lowest point was recorded in the Jun 2018 quarter, when it reached 8.68 with a price of $50.88 and an EPS of $5.86.
Maximum annual increase: 44.34% in 2014
Maximum annual decrease: -49.12% in 2015
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 37.03 | 0.08% |
| 2022 | 37 | 42.53% |
| 2021 | 25.96 | N/A |
| 2020 | N/A | N/A |
| 2019 | 12.61 | 16.65% |
| 2018 | 10.81 | -7.84% |
| 2017 | 11.73 | -18.09% |
| 2016 | 14.32 | 9.73% |
| 2015 | 13.05 | -49.12% |
| 2014 | 25.65 | 44.34% |
LUV's current PE ratio is higher than the 3, 5 and 10-year averages.
When compared to its peer stocks DAL and UAL, LUV's PE ratio is higher. Southwest Airlines's PE ratio is trading above the peer average of 15.27.
| Stock name | PE ratio | Market cap |
|---|---|---|
| UAL United Airlines Holdings Inc | 5.31 | $15.58B |
| DAL Delta Air Lines Inc | 6.3 | $28.48B |
| ALGT Allegiant Travel CO | 16.72 | $966.13M |
| ALK Alaska Air Group Inc | 20.77 | $5.01B |
| SKYW Skywest Inc | 27.22 | $3.09B |
| LUV Southwest Airlines Co | 41.26 | $16.3B |
| JBLU Jetblue Airways Corp | N/A | $2.11B |
| SAVE Spirit Airlines Inc | N/A | $324.12M |
| AAL American Airlines Group Inc | N/A | $6.97B |
| HA Hawaiian Holdings Inc | N/A | $645M |
The price to earnings ratio for LUV stock as of Jul 25, 2024, stands at 42.55.
The average PE ratio for LUV stock over the past 3 years is 33.31.
The average PE ratio for LUV stock over the past 5 years is 32.26.
The highest quarterly PE ratio in the last ten years has been 83.37 and it was in the Jun 2020 quarter.
The current PE ratio of LUV is 97% higher than the 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 25, 2024), Southwest Airlines's share price is $28.08. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.66. Therefore, Southwest Airlines's price to earnings ratio for today is 42.55. PE RATIO(42.55) = STOCK PRICE($28.08) / TTM EPS($0.66)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.