Price to Earnings (P/E)
since 2013
Calculation
American Airlines Group Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss)1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 21, 2024 | 11.78 | = | 14.79 | ÷ | 1.26 | 1.26 | = | 822 | ÷ | 654,756,816 | |
| Feb 22, 2023 | 79.81 | = | 15.56 | ÷ | 0.19 | 0.19 | = | 127 | ÷ | 651,430,518 | |
| Feb 22, 2022 | — | = | 17.43 | ÷ | -3.07 | -3.07 | = | -1,993 | ÷ | 649,160,117 | |
| Feb 17, 2021 | — | = | 17.99 | ÷ | -13.89 | -13.89 | = | -8,885 | ÷ | 639,675,800 | |
| Feb 19, 2020 | 7.16 | = | 28.33 | ÷ | 3.96 | 3.96 | = | 1,686 | ÷ | 426,058,744 | |
| Feb 25, 2019 | 11.42 | = | 35.90 | ÷ | 3.14 | 3.14 | = | 1,412 | ÷ | 449,055,548 | |
| Feb 21, 2018 | 13.01 | = | 52.78 | ÷ | 4.06 | 4.06 | = | 1,919 | ÷ | 473,138,683 | |
| Feb 22, 2017 | 8.73 | = | 46.32 | ÷ | 5.31 | 5.31 | = | 2,676 | ÷ | 504,154,397 | |
| Feb 24, 2016 | 3.22 | = | 40.66 | ÷ | 12.62 | 12.62 | = | 7,610 | ÷ | 603,018,015 | |
| Feb 25, 2015 | 12.02 | = | 49.73 | ÷ | 4.14 | 4.14 | = | 2,882 | ÷ | 696,649,850 | |
| Feb 28, 2014 | — | = | 36.93 | ÷ | -3.48 | -3.48 | = | -1,834 | ÷ | 526,805,522 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of American Airlines Group Inc. Annual Report.
The financial trajectory between 2014 and 2024 is characterized by significant volatility in earnings and a long-term decline in equity valuation. The relationship between share price and earnings indicates periods of severe instability, particularly between 2020 and 2023, followed by a recent trend toward stabilization.
- Share Price Valuation
- A peak valuation was reached in February 2018 at 52.78 US$. Following this peak, a consistent downward trend is observed, with the share price declining to 14.79 US$ by February 2024. This represents a substantial reduction in market capitalization over the six-year period following the peak.
- Earnings Per Share (EPS) Volatility
- Earnings exhibit extreme fluctuations. After an initial loss in 2014, profitability peaked in 2016 at 12.62 US$. A severe contraction occurred between 2021 and 2022, where EPS dropped to -13.89 US$ and -3.07 US$, respectively. A recovery phase began in 2023, with earnings returning to positive territory at 0.19 US$ and increasing to 1.26 US$ by 2024.
- Price to Earnings (P/E) Ratio Analysis
- The P/E ratio remained absent during years of negative earnings (2014, 2021, and 2022). Between 2015 and 2020, the ratio generally fluctuated between 3.22 and 13.01. A significant anomaly occurred in 2023, where the P/E ratio spiked to 79.81; this was the result of a marginal return to profitability (0.19 US$ EPS) while the share price remained relatively higher than the earnings floor. By 2024, the ratio normalized to 11.78 as earnings improved to 1.26 US$.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
American Airlines Group Inc., P/E, long-term trends, comparison to competitors
| American Airlines Group Inc. | FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Airlines Holdings Inc. | United Parcel Service Inc. | |
|---|---|---|---|---|---|---|
| Feb 21, 2024 | 11.78 | 16.11 | 89.56 | 23.85 | 5.70 | 18.89 |
| Feb 22, 2023 | 79.81 | 14.80 | — | 17.97 | 21.74 | 13.27 |
| Feb 22, 2022 | — | 15.07 | — | 23.67 | — | 14.11 |
| Feb 17, 2021 | — | 33.43 | — | 25.57 | — | 104.33 |
| Feb 19, 2020 | 7.16 | 82.00 | — | 21.44 | 5.82 | 20.59 |
| Feb 25, 2019 | 11.42 | 13.39 | — | 19.60 | 11.00 | 20.07 |
| Feb 21, 2018 | 13.01 | 19.29 | — | 9.26 | 8.91 | 18.37 |
| Feb 22, 2017 | 8.73 | 23.45 | — | 20.86 | 10.37 | 27.32 |
| Feb 24, 2016 | 3.22 | 46.06 | — | 13.31 | 2.54 | 17.84 |
| Feb 25, 2015 | 12.02 | 20.56 | — | 20.72 | 23.08 | 30.28 |
| Feb 28, 2014 | — | 21.03 | — | 18.35 | 29.73 | 20.22 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
Comparison to Sector (Transportation)
American Airlines Group Inc., P/E, long-term trends, comparison to sector (transportation)
| American Airlines Group Inc. | Transportation | |
|---|---|---|
| Feb 21, 2024 | 11.78 | 24.43 |
| Feb 22, 2023 | 79.81 | 30.10 |
| Feb 22, 2022 | — | 22.48 |
| Feb 17, 2021 | — | — |
| Feb 19, 2020 | 7.16 | 62.33 |
| Feb 25, 2019 | 11.42 | 17.05 |
| Feb 21, 2018 | 13.01 | 12.83 |
| Feb 22, 2017 | 8.73 | 21.13 |
| Feb 24, 2016 | 3.22 | 12.05 |
| Feb 25, 2015 | 12.02 | 23.46 |
| Feb 28, 2014 | — | 20.08 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
Comparison to Industry (Industrials)
American Airlines Group Inc., P/E, long-term trends, comparison to industry (industrials)
| American Airlines Group Inc. | Industrials | |
|---|---|---|
| Feb 21, 2024 | 11.78 | 24.85 |
| Feb 22, 2023 | 79.81 | 36.06 |
| Feb 22, 2022 | — | 35.59 |
| Feb 17, 2021 | — | — |
| Feb 19, 2020 | 7.16 | 43.95 |
| Feb 25, 2019 | 11.42 | 33.70 |
| Feb 21, 2018 | 13.01 | 29.83 |
| Feb 22, 2017 | 8.73 | 22.92 |
| Feb 24, 2016 | 3.22 | 22.89 |
| Feb 25, 2015 | 12.02 | 18.79 |
| Feb 28, 2014 | — | 19.13 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).