Southwest Airlines PE ratio LUV

Share price divided by earnings per share over the last twelve months, since 2011.

Today, Oct 23, 2026: 26.4×
10-year median: 18.9×
Against its 10-year history: 58th; percentile: 0 is its lowest day, 100 its highest
10-year range: 6.9× to 391×
Peer median: 9.2×

Southwest Airlines' PE ratio is 26.4× as of Oct 23, 2026: a share price of $41.75 against $1.58 of earnings per share over the last twelve months.

That is above its ten-year median of 18.9×, close to the middle of its last ten years.

Over that time it ranged from 6.9× in Apr 2020 to 391× in Oct 2024.

The median for 3 airline and airport stocks of a similar size is 9.2×.

PE ratio over time

median 18.9×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	26.4×	24.8×	74.3×
2025	64.5×	31.5×	64.5×
2024	368×	38.6×	391×
2023	28.4×	27.4×	29.0×
2022	26.3×	19.6×	49.1×
2021	n/m a value too high to mean anything
2020	107×	6.9×	107×
2019	12.2×	7.6×	13.4×
2018	7.4×	7.3×	18.8×
2017	18.8×	14.2×	19.4×
2016	14.2×	9.6×	15.5×
2015	15.8×	15.6×	28.1×
2014	25.1×	18.1×	25.1×
2013	21.5×	16.7×	33.0×
2012	15.6×	13.4×	20.5×
2011	38.8×	11.5×	39.9×

Against its peers

Companies in Airlines, Airports & Air Services nearest Southwest Airlines' size, closest first, today.

Company	PE ratio
LUVSouthwest Airlines	26.4×
UALUnited Airlines	9.2×
DALDelta Air Lines	15.3×
SKYWSkywest	9.2×
Peer median	9.2×

What the PE ratio tells you

Share price divided by earnings per share over the last twelve months. It is the price tag on a dollar of profit: 20× means you pay $20 for $1 of yearly earnings.

Blank while earnings are negative. A very low PE can mean the market expects profits to fall, so read it with growth and the company's own history.

More on Southwest Airlines

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.