Southwest Airlines Co. LUV

42.68 1.13 2.72% as of 25 Sep
Market cap
$20.5B
P/E
25.7×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Southwest Airlines Co. (LUV) P/B ratio

As of 25 September 2026, Southwest Airlines Co. (LUV) trades at a P/B ratio of 2.9×. Over the past ten years it has ranged from 1.2× (November 2023) to 4.8× (January 2015); the current reading is higher than 53% of that period. That is above the Airlines industry median of 2.1× and above the Industrials sector median of 2.4×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 2.8× 43.96%
FY2024 1.9× 20.53%
FY2023 1.6× (10.91%)
FY2022 1.8× (25.72%)
FY2021 2.4× (17.92%)
FY2020 3.0× 0.45%
FY2019 3.0× 9.27%
FY2018 2.7× (34.59%)
FY2017 4.1× 11.31%
FY2016 3.7× (4.03%)

Quarterly

Period P/B ratio Change
Jun 2026 3.6× 30.47%
Mar 2026 2.7× (2.68%)
Dec 2025 2.8× 30.30%
Sep 2025 2.1× (1.62%)
42 more quarters

Against its own ten years

Low 1.2× High 4.8×
Ten-year median 2.9×
Current reading's percentile 53

P/B ratio against peers

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

More on LUV