Common Stock Valuation Ratios (Price Multiples)
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Current Valuation Ratios
American Airlines Group Inc., current price multiples
| American Airlines Group Inc. | FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Parcel Service Inc. | Transportation | Industrials | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||
| Current share price (P) | $14.79 | |||||||||
| No. shares of common stock outstanding | 654,756,816 | |||||||||
| Earnings per share (EPS) | $1.26 | |||||||||
| Operating profit per share | $4.63 | |||||||||
| Sales per share | $80.62 | |||||||||
| Book value per share (BVPS) | $-7.94 | |||||||||
| Valuation Ratios (Price Multiples) | ||||||||||
| Price to earnings (P/E) | 11.78 | 16.45 | 76.27 | 23.29 | 18.73 | 25.52 | 26.29 | |||
| Price to operating profit (P/OP) | 3.19 | 13.30 | 129.66 | 16.36 | 13.75 | 19.94 | 22.06 | |||
| Price to sales (P/S) | 0.18 | 0.72 | 3.86 | 6.16 | 1.38 | 1.99 | 2.17 | |||
Based on: 10-K (reporting date: 2023-12-31).
If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.
Historical Valuation Ratios (Summary)
American Airlines Group Inc., historical price multiples
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Valuation ratio | Description | The company |
|---|---|---|
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | American Airlines Group Inc. P/S ratio decreased from 2021 to 2022 and from 2022 to 2023. |
Price to Earnings (P/E)
American Airlines Group Inc., historical P/E calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 654,756,816 | 651,430,518 | 649,160,117 | 639,675,800 | 426,058,744 | |
| Selected Financial Data (US$) | ||||||
| Net income (loss) (in millions) | 822) | 127) | (1,993) | (8,885) | 1,686) | |
| Earnings per share (EPS)2 | 1.26 | 0.19 | -3.07 | -13.89 | 3.96 | |
| Share price1, 3 | 14.79 | 15.56 | 17.43 | 17.99 | 28.33 | |
| Valuation Ratio | ||||||
| P/E ratio4 | 11.78 | 79.81 | — | — | 7.16 | |
| Benchmarks | ||||||
| P/E Ratio, Competitors5 | ||||||
| FedEx Corp. | 16.11 | 14.80 | 15.07 | 33.43 | 82.00 | |
| Uber Technologies Inc. | 89.56 | — | — | — | — | |
| Union Pacific Corp. | 23.85 | 17.97 | 23.67 | 25.57 | 21.44 | |
| United Parcel Service Inc. | 18.89 | 13.27 | 14.11 | 104.33 | 20.59 | |
| P/E Ratio, Sector | ||||||
| Transportation | 27.02 | 30.56 | 20.01 | 347.91 | 133.39 | |
| P/E Ratio, Industry | ||||||
| Industrials | 26.07 | 35.16 | 32.33 | 133.33 | 45.57 | |
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).
1 Data adjusted for splits and stock dividends.
2 2023 Calculation
EPS = Net income (loss) ÷ No. shares of common stock outstanding
= 822,000,000 ÷ 654,756,816 = 1.26
3 Closing price as at the filing date of American Airlines Group Inc. Annual Report.
4 2023 Calculation
P/E ratio = Share price ÷ EPS
= 14.79 ÷ 1.26 = 11.78
5 Click competitor name to see calculations.
Price to Operating Profit (P/OP)
American Airlines Group Inc., historical P/OP calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 654,756,816 | 651,430,518 | 649,160,117 | 639,675,800 | 426,058,744 | |
| Selected Financial Data (US$) | ||||||
| Operating income (loss) (in millions) | 3,034) | 1,607) | (1,059) | (10,421) | 3,065) | |
| Operating profit per share2 | 4.63 | 2.47 | -1.63 | -16.29 | 7.19 | |
| Share price1, 3 | 14.79 | 15.56 | 17.43 | 17.99 | 28.33 | |
| Valuation Ratio | ||||||
| P/OP ratio4 | 3.19 | 6.31 | — | — | 3.94 | |
| Benchmarks | ||||||
| P/OP Ratio, Competitors5 | ||||||
| FedEx Corp. | 13.03 | 9.07 | 13.46 | 17.79 | 9.92 | |
| Uber Technologies Inc. | 152.26 | — | — | — | — | |
| Union Pacific Corp. | 16.75 | 12.68 | 16.53 | 17.46 | 14.83 | |
| United Parcel Service Inc. | 13.86 | 11.70 | 14.20 | 18.23 | 11.72 | |
| P/OP Ratio, Sector | ||||||
| Transportation | 21.11 | 14.75 | 19.99 | 32.20 | 26.12 | |
| P/OP Ratio, Industry | ||||||
| Industrials | 21.87 | 19.98 | 21.27 | 46.07 | 18.93 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 Data adjusted for splits and stock dividends.
2 2023 Calculation
Operating profit per share = Operating income (loss) ÷ No. shares of common stock outstanding
= 3,034,000,000 ÷ 654,756,816 = 4.63
3 Closing price as at the filing date of American Airlines Group Inc. Annual Report.
4 2023 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 14.79 ÷ 4.63 = 3.19
5 Click competitor name to see calculations.
Price to Sales (P/S)
American Airlines Group Inc., historical P/S calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 654,756,816 | 651,430,518 | 649,160,117 | 639,675,800 | 426,058,744 | |
| Selected Financial Data (US$) | ||||||
| Operating revenues (in millions) | 52,788) | 48,971) | 29,882) | 17,337) | 45,768) | |
| Sales per share2 | 80.62 | 75.17 | 46.03 | 27.10 | 107.42 | |
| Share price1, 3 | 14.79 | 15.56 | 17.43 | 17.99 | 28.33 | |
| Valuation Ratio | ||||||
| P/S ratio4 | 0.18 | 0.21 | 0.38 | 0.66 | 0.26 | |
| Benchmarks | ||||||
| P/S Ratio, Competitors5 | ||||||
| FedEx Corp. | 0.71 | 0.61 | 0.94 | 0.62 | 0.64 | |
| Uber Technologies Inc. | 4.53 | 2.16 | 3.90 | 9.07 | 4.00 | |
| Union Pacific Corp. | 6.31 | 5.05 | 7.08 | 7.00 | 5.85 | |
| United Parcel Service Inc. | 1.39 | 1.53 | 1.87 | 1.66 | 1.23 | |
| P/S Ratio, Sector | ||||||
| Transportation | 2.11 | 1.61 | 2.19 | 2.28 | 1.78 | |
| P/S Ratio, Industry | ||||||
| Industrials | 2.15 | 1.87 | 2.10 | 2.16 | 1.84 | |
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).
1 Data adjusted for splits and stock dividends.
2 2023 Calculation
Sales per share = Operating revenues ÷ No. shares of common stock outstanding
= 52,788,000,000 ÷ 654,756,816 = 80.62
3 Closing price as at the filing date of American Airlines Group Inc. Annual Report.
4 2023 Calculation
P/S ratio = Share price ÷ Sales per share
= 14.79 ÷ 80.62 = 0.18
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | American Airlines Group Inc. P/S ratio decreased from 2021 to 2022 and from 2022 to 2023. |
Price to Book Value (P/BV)
American Airlines Group Inc., historical P/BV calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 654,756,816 | 651,430,518 | 649,160,117 | 639,675,800 | 426,058,744 | |
| Selected Financial Data (US$) | ||||||
| Stockholders’ deficit (in millions) | (5,202) | (5,799) | (7,340) | (6,867) | (118) | |
| Book value per share (BVPS)2 | -7.94 | -8.90 | -11.31 | -10.74 | -0.28 | |
| Share price1, 3 | 14.79 | 15.56 | 17.43 | 17.99 | 28.33 | |
| Valuation Ratio | ||||||
| P/BV ratio4 | — | — | — | — | — | |
| Benchmarks | ||||||
| P/BV Ratio, Competitors5 | ||||||
| FedEx Corp. | 2.45 | 2.27 | 3.26 | 2.35 | 2.49 | |
| Uber Technologies Inc. | 15.02 | 9.36 | 4.71 | 8.24 | 3.99 | |
| Union Pacific Corp. | 10.29 | 10.34 | 10.90 | 8.07 | 7.00 | |
| United Parcel Service Inc. | 7.32 | 7.75 | 12.76 | 213.26 | 27.98 | |
| P/BV Ratio, Sector | ||||||
| Transportation | 7.37 | 6.30 | 7.21 | 8.74 | 5.98 | |
| P/BV Ratio, Industry | ||||||
| Industrials | 6.97 | 5.53 | 5.43 | 5.92 | 6.47 | |
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).
1 Data adjusted for splits and stock dividends.
2 2023 Calculation
BVPS = Stockholders’ deficit ÷ No. shares of common stock outstanding
= -5,202,000,000 ÷ 654,756,816 = -7.94
3 Closing price as at the filing date of American Airlines Group Inc. Annual Report.
4 2023 Calculation
P/BV ratio = Share price ÷ BVPS
= 14.79 ÷ -7.94 = —
5 Click competitor name to see calculations.