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	-11.8	19,115.64%	🇺🇸 USA
American Airlines AAL	-19.3	31,283.32%	🇺🇸 USA
Delta Air Lines DAL	18.3	-29,802.51%	🇺🇸 USA
Southwest Airlines LUV	22.0	-35,743.47%	🇺🇸 USA
United Airlines Holdings UAL	10.9	-17,849.81%	🇺🇸 USA
SkyWest SKYW	8.00	-13,089.25%	🇺🇸 USA
Jetblue Airways JBLU	-1.49	2,323.37%	🇺🇸 USA
Allegiant Travel Company ALGT	66.7	-108,370.42%	🇺🇸 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.