The current P/E ratio for Southwest Airlines stock as of Apr 15, 2024 is 35.69. This is calculated based on the TTM EPS of $0.78 and the stock price of $27.84 per share. The PE ratio has increased by 5% from its last 4 quarters average of 33.9.
The average historical PE ratio of Southwest Airlines for the last ten years is 20.86. The current price-to-earnings ratio of 35.69 is 71% 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 SKYW, LUV's PE ratio is lower, but it is higher than DAL's and UAL's. Southwest Airlines's current PE ratio of 35.69 is in line with the average of its peers, which is 10.65.
| Stock name | PE ratio | Market cap |
|---|---|---|
| UAL United Airlines Holdings Inc | 5.14 | $13.46B |
| DAL Delta Air Lines Inc | 5.96 | $30.1B |
| ALGT Allegiant Travel CO | 9.61 | $1.11B |
| AAL American Airlines Group Inc | 10.27 | $8.47B |
| ALK Alaska Air Group Inc | 22.27 | $5.17B |
| LUV Southwest Airlines Co | 35.69 | $16.61B |
| SKYW Skywest Inc | 85.77 | $2.69B |
| JBLU Jetblue Airways Corp | N/A | $2.3B |
| SAVE Spirit Airlines Inc | N/A | $487.18M |
| HA Hawaiian Holdings Inc | N/A | $687.71M |
The price to earnings ratio for LUV stock as of Apr 15, 2024, stands at 35.69.
The average PE ratio for LUV stock over the past 3 years is 32.1.
The average PE ratio for LUV stock over the past 5 years is 29.94.
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 71% 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 (Apr 15, 2024), Southwest Airlines's share price is $27.84. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $0.78. Therefore, Southwest Airlines's price to earnings ratio for today is 35.69. PE RATIO(35.69) = STOCK PRICE($27.84) / TTM EPS($0.78)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.