Southwest Airlines Co. LUV
42.68
1.13
2.72%
as of 25 Sep
- Market cap
- $20.5B
- P/E
- 25.7×
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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 | Free account |
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
| Company | P/B ratio |
|---|---|
| AAL American Airlines Group Inc. compare | n/m |
| ALK Alaska Air Group, Inc. compare | 1.2× |
| ZNH China Southern Airlines Company Limited compare | 1.3× |
| CPA Copa Holdings, S.A. compare | 1.9× |
| UAL United Airlines Holdings Inc compare | 2.2× |
| DAL Delta Air Lines, Inc. compare | 2.5× |
| RYAAY Ryanair Holdings PLC compare | 2.6× |
| LUV Southwest Airlines Co. | 2.9× |
| LTM LATAM Airlines Group S.A. compare | 7.6× |
| Airlines industry median | 2.1× |
| Industrials sector median | 2.4× |
| Market median | 1.8× |
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))
More on LUV
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement