P/E ratio for Spirit Airlines (SAVEQ)

P/E ratio history for Spirit Airlines from 2011 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Alaska Airlines ALK	-11.2	18,095.66%	🇺🇸 USA
American Airlines AAL	-18.6	30,036.19%	🇺🇸 USA
Delta Air Lines DAL	17.3	-28,175.61%	🇺🇸 USA
Southwest Airlines LUV	21.4	-34,862.48%	🇺🇸 USA
United Airlines Holdings UAL	10.2	-16,635.15%	🇺🇸 USA
SkyWest SKYW	7.91	-12,945.75%	🇺🇸 USA
Jetblue Airways JBLU	-1.39	2,162.82%	🇺🇸 USA
Allegiant Travel Company ALGT	65.0	-105,694.79%	🇺🇸 USA
Hawaiian Airlines HA	-4.42	7,080.78%	🇺🇸 USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.