Question 1

What is Alaska Air Group's P/E ratio?

Accepted Answer

Alaska Air Group (ALK) P/E ratio is 72.1× as of July 20, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Alaska Air Group?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Alaska Air Group specifically, the relevant sector benchmark is the current sector median of 27.8×.

Question 5

Is Alaska Air Group's P/E ratio high or low?

Accepted Answer

Alaska Air Group's P/E ratio of 72.1× is above its own 5-year average of 65.8× and above the sector median of 27.8×. That places the current reading at the 76th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Alaska Air Group's historical P/E ratio range?

Accepted Answer

In the available daily series, Alaska Air Group (ALK) P/E ratio has ranged from a low of 4.9× in 2008 to a high of 580.7× in 2021. The 5-year average is 65.8× and the 5-year median is 22.5×.

Question 7

What was Alaska Air Group's P/E ratio in 2025?

Accepted Answer

Alaska Air Group (ALK) P/E ratio at the end of 2025 was 58.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Alaska Air Group's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$5.81B	$100M	58.1×	+37.4×	Dec 31, 2025
2024	$8.17B	$395M	20.7×	-0.5×	Dec 31, 2024
2023	$4.98B	$235M	21.2×	-73.1×	Dec 31, 2023
2022	$5.47B	$58M	94.2×	+80.5×	Dec 31, 2022
2021	$6.55B	$478M	13.7×	—	Dec 31, 2021
2020	$6.45B	-$1.32B	—	—	Dec 31, 2020
2019	$8.34B	$769M	10.8×	-6.3×	Dec 31, 2019
2018	$7.5B	$437M	17.2×	+7.7×	Dec 31, 2018
2017	$9.05B	$960M	9.4×	-4.0×	Dec 31, 2017
2016	$10.9B	$814M	13.4×	+1.5×	Dec 31, 2016
2015	$10.1B	$848M	12.0×	-1.1×	Dec 31, 2015
2014	$7.91B	$605M	13.1×	+3.1×	Dec 31, 2014
2013	$5.09B	$508M	10.0×	+0.3×	Dec 31, 2013
2012	$3.06B	$316M	9.7×	-1.2×	Dec 31, 2012
2011	$2.67B	$245M	10.9×	+2.8×	Dec 31, 2011
2010	$2.04B	$251M	8.1×	-2.0×	Dec 31, 2010
2009	$1.23B	$122M	10.1×	—	Dec 31, 2009
2008	$1.06B	-$135M	—	—	Dec 31, 2008
2007	$926M	$121M	7.7×	—	Dec 31, 2007
2006	$1.59B	-$52.6M	—	—	Dec 31, 2006
2005	$1.2B	-$5.9M	—	—	Dec 31, 2005
2004	$909M	-$20.5M	—	—	Dec 31, 2004
2003	$729M	$13.5M	54.0×	—	Dec 31, 2003
2002	$575M	-$117M	—	—	Dec 31, 2002


Pentair (PNR)	21.1×
Lennox International (LII)	20.6×
Copart (CPRT)	20.4×
Union Pacific (UNP)	19.9×
Allegion (ALLE)	19.7×
Alamo Group (ALG)	19.6×
Andersons (ANDE)	19.0×
Carlisle Companies (CSL)	18.8×
Snap-on (SNA)	18.5×
Brady (BRC)	18.5×
Canadian National Railway (CNI)	18.4×
FedEx (FDX)	18.4×
Pool (POOL)	18.1×
McGrath RentCorp (MGRC)	17.5×
Honeywell International (HON)	17.5×
A. O. Smith (AOS)	17.4×
Textron (TXT)	16.6×
Northrop Grumman (NOC)	16.1×
United Parcel Service (UPS)	15.9×
Delta Air Lines (DAL)	15.5×
ABM Industries (ABM)	15.2×
Masco (MAS)	14.6×
Upwork (UPWK)	12.9×
United Airlines Holdings (UAL)	12.7×
AGCO (AGCO)	10.9×

P/E Ratio for Alaska Air Group (ALK) 2003-2026

P/E Ratio daily chart for Alaska Air Group (ALK)

Historical P/E Ratio for Alaska Air Group (ALK) from 2002 to 2025

About P/E Ratio at Alaska Air Group (ALK)

Alaska Air Group P/E Ratio by Year

Alaska Air Group P/E Ratio 2025: 58.1×

Alaska Air Group P/E Ratio 2024: 20.7×

Alaska Air Group P/E Ratio 2023: 21.2×

Alaska Air Group P/E Ratio 2022: 94.2×

Alaska Air Group P/E Ratio 2021: 13.7×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Alaska Air Group (ALK) Key Financials