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LUV Southwest Airlines PE ratio, current and historical analysis

The current P/E ratio for Southwest Airlines stock as of Jun 14, 2024 is 43.0. This is calculated based on the TTM EPS of $0.66 and the stock price of $28.38 per share. The PE ratio has increased by 14% from its last 4 quarters average of 37.7.

LUV PE ratio history

How has LUV's PE ratio performed in the past

The average historical PE ratio of Southwest Airlines for the last ten years is 21.53. The current price-to-earnings ratio of 43.0 is 100% 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.

Average
21.53
Median
16.42
Minimum
8.68
Maximum
83.37

Southwest Airlines PE ratio by year

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 average PE ratio chart

What is the average PE ratio of LUV for the past years

LUV's current PE ratio is higher than the 3, 5 and 10-year averages.

3-year avg
33.31
5-year avg
30.89
10-year avg
21.53
15-year avg
23.89

LUV PE vs peers

What is LUV's PE ratio compared to its peers

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 15.26.

Stock name PE ratio Market cap
UAL United Airlines Holdings Inc 6.07 $16.34B
DAL Delta Air Lines Inc 6.22 $31.44B
AAL American Airlines Group Inc 14.65 $7.4B
ALGT Allegiant Travel CO 16.18 $935.13M
ALK Alaska Air Group Inc 21.23 $5.12B
SKYW Skywest Inc 27.23 $3.09B
LUV Southwest Airlines Co 43 $16.98B
JBLU Jetblue Airways Corp N/A $1.85B
SAVE Spirit Airlines Inc N/A $378.87M
HA Hawaiian Holdings Inc N/A $665.74M

Frequently asked questions

What is Southwest Airlines's PE ratio?

The price to earnings ratio for LUV stock as of Jun 14, 2024, stands at 43.

What is the 3-year average PE ratio for Southwest Airlines (LUV)?

The average PE ratio for LUV stock over the past 3 years is 33.31.

What is the 5-year average PE ratio for Southwest Airlines (LUV)?

The average PE ratio for LUV stock over the past 5 years is 30.89.

What is the highest PE ratio for LUV?

The highest quarterly PE ratio in the last ten years has been 83.37 and it was in the Jun 2020 quarter.

How does the current PE ratio for LUV compare to its historical average?

The current PE ratio of LUV is 100% higher than the 10-year historical average.

How is LUV's PE ratio calculated (Southwest Airlines PE ratio formula)?

To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jun 14, 2024), Southwest Airlines's share price is $28.38. 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 43. PE RATIO(43) = STOCK PRICE($28.38) / TTM EPS($0.66)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.