Frontier Group Holdings, Inc. (ULCC) P/E Ratio History
Deep ValueTrading at -12.0x · 0th percentile of 5-year range · Significant discount to historical valuation · Data 2023–2025
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P/E Ratio Analysis
As of June 21, 2026, Frontier Group Holdings, Inc. (ULCC) trades at a price-to-earnings ratio of -12.0x, with a stock price of $7.22 and trailing twelve-month earnings per share of $-1.59.
The current P/E is 160% below its 5-year average of 20.1x. Over the past five years, ULCC's P/E has ranged from a low of 15.0x to a high of 31.8x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Industrials sector median P/E of 25.6x, ULCC trades at a 147% discount 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, ULCC trades at a notable discount to 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 ULCC 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.
ULCC Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
ULCC P/E vs Peers
Commercial passenger airlines peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $876M | 16.8 | - | +0% | |
| $4B | 8.9Lowest | - | +33% | |
| $55B | 11.0 | - | +44% | |
| $38B | 11.6 | - | +8% | |
| $11B | 94.1 | - | -86% | |
| $24B | 60.7 | - | +5% | |
| $6B | 56.6 | - | -72% | |
| $176B | 89.8 | - | +114%Best | |
| $374B | 43.8 | 3.71Best | +36% | |
| $250B | 37.4 | - | +40% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
ULCC Historical P/E Data (2023–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q1 | Mar 31 2025 | $4.34 | $0.29 | 15.0x | -25% |
| FY2024 Q4 | - | $7.11 | $0.36 | 19.8x | -2% |
| FY2023 Q3 | Sep 30 2023 | $4.84 | $0.29 | 16.7x | -17% |
| FY2023 Q2 | Jun 30 2023 | $9.67 | $0.56 | 17.3x | -14% |
| FY2023 Q1 | Mar 31 2023 | $9.84 | $0.31 | 31.8x | +58% |
Average P/E for displayed period: 20.1x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
3+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
ULCC — Frequently Asked Questions
Quick answers to the most common questions about buying ULCC stock.
What is ULCC's P/E ratio?
Frontier Group Holdings, Inc. (ULCC) trailing twelve-month P/E ratio is -12.0x, based on TTM diluted EPS of $-1.59. The 5-year average P/E is 20.1x and the historical range spans 15.0x to 31.8x.
Is ULCC stock overvalued or undervalued?
ULCC trades at -12.0x P/E, below its 5-year average of 20.1x. At the 0th percentile of its historical range (15.0x–31.8x), the stock is priced at a discount to its own history.
Is ULCC stock expensive?
No, ULCC is not expensive on a historical basis. The current P/E of -12.0x is below the 5-year average of 20.1x and sits at the 0th percentile of its valuation range.
What is ULCC's historical P/E range?
Over the past 5 years, ULCC's P/E ratio has ranged from 15.0x to 31.8x, with a median of 17.3x and an average of 20.1x. The current P/E of -12.0x places the stock at the 0th percentile of this range. Full historical data spans 2023–2025.
How does ULCC's P/E compare to the S&P 500?
ULCC trades at -12.0x P/E versus the S&P 500 median of 24.4x. The 149% discount to the market suggests lower growth expectations or perceived higher risk.
How does ULCC's valuation compare to Industrials peers?
Frontier Group Holdings, Inc. P/E of -12.0x compares to the Industrials sector median of 25.6x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is ULCC's PEG ratio?
ULCC PEG ratio is N/A, based on a P/E of -12.0x and EPS growth of -257.9%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is ULCC's earnings yield?
ULCC earnings yield is N/A, the inverse of its -12.0x 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.