Southwest Airlines Co. (LUV) Valuation

Historical valuation analysis based on 500 data points (2024-08-30 to 2026-08-28)

Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates nearly 800 aircraft in an all-Boeing 737 fleet. Despite offering some longer ro...

Southwest Airlines Co. (LUV) currently trades at a P/E ratio of 24.53 (historical range: 22.92–80.71, median: 38.21), placing it at the 6th percentile — cheap relative to its history, P/S ratio of 0.69 (range: 0.51–1.11, 43th percentile — near its historical average), EV/EBITDA of 66.97 (range: 47.40–10763.40, 30th percentile).

Over the historical period (2024-08-30 to 2026-08-28), Southwest Airlines Co.'s P/E ratio has expanded by 18% over the observed period (from an average of 36.9 to 43.5).

Southwest Airlines Co. appears undervalued relative to its historical range, with most valuation metrics below their median levels.

Historical Valuation Metrics

MetricCurrentMinMedianMaxPercentileAssessment
P/E Ratio24.5322.9238.2180.716thcheap relative to its history
P/S Ratio0.690.510.711.1143thnear its historical average
EV/EBITDA66.9747.4080.2710763.4030thbelow its historical average
FCF Yield0.040.010.020.0489thcheap relative to its history
Current Price: $38.53
Market Cap: $18.9B
Sector: Industrials