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Relatively High Forward P/E Ratio Detected in Shares of Allegiant Travel in the Airlines Industry (ALGT, SKYW, LUV, ALK, CPA)

By Shiri Gupta

Below are the three companies in the Airlines industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

Allegiant Travel ranks highest with a a forward P/E ratio of 12.48. Skywest Inc is next with a a forward P/E ratio of 12.09. Southwest Air ranks third highest with a a forward P/E ratio of 11.01.

Alaska Air Group follows with a a forward P/E ratio of 9.80, and Copa Holdin-Cl A rounds out the top five with a a forward P/E ratio of 9.56.

SmarTrend is tracking the current trend status for Allegiant Travel and will alert subscribers who have ALGT in their portfolio or watchlist when shares have changed trend direction.

Keywords: highest forward p/e ratio allegiant travel skywest inc southwest air alaska air group copa holdin-cl a

Ticker(s): ALGT SKYW LUV ALK CPA