American Airlines Group Inc. (AAL) P/E Ratio History
ExpensiveTrading at 94.1x vs 5Y avg 17.7x · 100th percentile · Material premium to history · Data 2006–2026
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P/E Ratio Analysis
As of June 21, 2026, American Airlines Group Inc. (AAL) trades at a price-to-earnings ratio of 94.1x, with a stock price of $15.99 and trailing twelve-month earnings per share of $0.31.
The current P/E is 432% above its 5-year average of 17.7x. Over the past five years, AAL's P/E has ranged from a low of 4.8x to a high of 90.2x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.6x, AAL trades at a 268% premium to its sector peers. The sector includes 403 companies with P/E ratios ranging from 0.1x to 198.8x.
Relative to the broader market, AAL commands a significant premium over the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our AAL DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
AAL Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
AAL P/E vs Peers
Commercial passenger airlines peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $55B | 11.0 | -Best | +44% | |
| $38B | 11.6 | -Best | +8% | |
| $24B | 60.7 | -Best | +5% | |
| $4B | 8.9Lowest | -Best | +33% | |
| $876M | 16.8 | -Best | +0% | |
| $176B | 89.8 | -Best | +114%Best |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
AAL Historical P/E Data (2006–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $10.74 | $0.31 | 34.6x | +147% |
| FY2025 Q4 | Dec 31 2025 | $15.33 | $0.17 | 90.2x | +543% |
| FY2025 Q3 | - | $11.24 | $0.84 | 13.4x | -5% |
| FY2025 Q2 | Jun 30 2025 | $11.22 | $0.78 | 14.4x | +3% |
| FY2025 Q1 | Mar 31 2025 | $10.55 | $0.88 | 12.0x | -15% |
| FY2024 Q4 | - | $17.43 | $1.12 | 15.6x | +11% |
| FY2024 Q3 | Sep 30 2024 | $11.24 | $0.33 | 34.1x | +143% |
| FY2024 Q1 | Mar 31 2024 | $15.35 | $0.60 | 25.6x | +82% |
| FY2023 Q4 | Dec 31 2023 | $13.74 | $1.10 | 12.5x | -11% |
| FY2023 Q3 | Sep 30 2023 | $12.81 | $2.21 | 5.8x | -59% |
| FY2023 Q2 | Jun 30 2023 | $17.94 | $3.73 | 4.8x | -66% |
| FY2023 Q1 | Mar 31 2023 | $14.75 | $2.53 | 5.8x | -58% |
| FY2019 Q4 | - | $28.68 | $3.81 | 7.5x | -46% |
| FY2019 Q3 | Sep 30 2019 | $26.97 | $3.56 | 7.6x | -46% |
| FY2019 Q2 | Jun 30 2019 | $32.61 | $3.34 | 9.8x | -30% |
| FY2019 Q1 | Mar 31 2019 | $31.76 | $3.07 | 10.3x | -26% |
| FY2018 Q4 | Dec 31 2018 | $32.11 | $3.05 | 10.5x | -25% |
| FY2018 Q3 | Sep 30 2018 | $41.33 | $2.89 | 14.3x | +2% |
| FY2018 Q2 | Jun 30 2018 | $37.96 | $3.43 | 11.1x | -21% |
| FY2018 Q1 | Mar 31 2018 | $51.96 | $3.84 | 13.5x | -4% |
| FY2017 Q4 | Dec 31 2017 | $52.03 | $3.91 | 13.3x | -5% |
| FY2017 Q3 | Sep 30 2017 | $47.49 | $3.93 | 12.1x | -14% |
| FY2017 Q2 | Jun 30 2017 | $50.32 | $4.04 | 12.5x | -11% |
| FY2017 Q1 | Mar 31 2017 | $42.30 | $4.09 | 10.3x | -26% |
| FY2016 Q4 | Dec 31 2016 | $46.69 | $4.77 | 9.8x | -30% |
| FY2016 Q3 | Sep 30 2016 | $36.61 | $9.30 | 3.9x | -72% |
| FY2016 Q2 | - | $28.31 | $10.40 | 2.7x | -81% |
| FY2016 Q1 | - | $41.01 | $11.13 | 3.7x | -74% |
| FY2015 Q4 | - | $42.35 | $11.29 | 3.8x | -73% |
| FY2015 Q3 | Sep 30 2015 | $38.83 | $7.02 | 5.5x | -61% |
| FY2015 Q2 | - | $39.94 | $5.81 | 6.9x | -51% |
| FY2015 Q1 | - | $52.78 | $4.58 | 11.5x | -18% |
| FY2014 Q4 | Dec 31 2014 | $53.63 | $3.93 | 13.6x | -3% |
| FY2013 Q3 | Sep 30 2013 | $18.96 | $2.23 | 8.5x | -39% |
| FY2008 Q1 | Mar 31 2008 | $8.91 | $0.25 | 35.6x | +154% |
| FY2007 Q4 | Dec 31 2007 | $14.71 | $4.51 | 3.3x | -77% |
| FY2007 Q3 | Sep 30 2007 | $26.25 | $5.26 | 5.0x | -64% |
| FY2007 Q2 | Jun 30 2007 | $30.27 | $3.86 | 7.8x | -44% |
| FY2007 Q1 | Mar 31 2007 | $45.48 | $4.07 | 11.2x | -20% |
| FY2006 Q4 | Dec 31 2006 | $53.85 | $2.03 | 26.5x | +89% |
Average P/E for displayed period: 14.0x
Full Stock Analysis
Deep dive into AAL consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
20+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
AAL — Frequently Asked Questions
Quick answers to the most common questions about buying AAL stock.
What is AAL's P/E ratio?
American Airlines Group Inc. (AAL) trailing twelve-month P/E ratio is 94.1x, based on TTM diluted EPS of $0.31. The 5-year average P/E is 17.7x and the historical range spans 4.8x to 90.2x.
Is AAL stock overvalued or undervalued?
AAL trades at 94.1x P/E, above its 5-year average of 17.7x. The 100th percentile ranking within the 4.8x–90.2x historical range indicates a premium to historical valuation.
Is AAL stock expensive?
Yes, AAL is expensive relative to its own history. The current P/E of 94.1x is above the 5-year average of 17.7x and also above the Industrials sector median of 25.6x. The stock sits at the 100th percentile of its 5-year valuation range.
What is AAL's historical P/E range?
Over the past 5 years, AAL's P/E ratio has ranged from 4.8x to 90.2x, with a median of 12.5x and an average of 17.7x. The current P/E of 94.1x places the stock at the 100th percentile of this range. Full historical data spans 2006–2026.
How does AAL's P/E compare to the S&P 500?
AAL trades at 94.1x P/E versus the S&P 500 median of 24.4x. The 286% premium to the market typically reflects higher expected earnings growth or quality.
How does AAL's valuation compare to Industrials peers?
American Airlines Group Inc. P/E of 94.1x compares to the Industrials sector median of 25.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is AAL's PEG ratio?
AAL PEG ratio is N/A, based on a P/E of 94.1x and EPS growth of -86.3%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is AAL's earnings yield?
AAL earnings yield is 1.06%, the inverse of its 94.1x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.