SKYW Historical PE Ratio Notes

— SkyWest, Inc. (SKYW) operates as a leading regional airline in North America, providing passenger & cargo services primarily through contracts with major carriers, including Delta, United, American, & Alaska Airlines. Rather than selling tickets under its own brand, SkyWest flies under these partners' banners via ȁccapacity purchase agreements,ȁd earning fixed payments for operating flights, while the major airlines handle ticket pricing, marketing, & revenue risk. This unique business model typically makes SkyWest's revenues more stable than airlines exposed to volatile ticket sales, but it also caps potential upside during industry booms. Historical price-to-earnings (PE) ratios for SKYW thus often reflect the market's recognition of its steady, contract-driven cash flows, as well as its vulnerability to changes in contract terms, fuel costs, & pilot labor dynamics. When reviewing SKYW's historical price, earnings, & PE ratio charts, consider that spikes or drops in valuation multiples often correspond to fluctuations in airline industry sentiment, macroeconomic cycles, renegotiations of key contracts, or operational disruptions. Over time, investors have tended to award SKYW a lower PE than growth airlines, reflecting its dependable yet modestly growing earnings profile, as well as industry-specific risks such as pilot shortages or cost inflation.

On this page we presented the SkyWest Historical PE Ratio information for SkyWest' stock. The average SKYW historical PE based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 14.2. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average SKYW historical PE based on this TTM earnings result method is 14.7. Note: any PE calculations involving negative earnings were discarded as not meaningful.

Let's now compare this SKYW historical PE result, against the recent PE: when this page was posted on 8/27/2026, the most recent closing price for SKYW had been 98.87, and the most recent quarterly earnings result, annualized, was 10.16. Meanwhile, the most recent TTM earnings summed to 9.77. From these numbers, we calculate the recent SKYW PE on 8/27/2026 based on annualized quarterly EPS was 9.7. Based on SKYW's history, that recent PE is low relative to the historical average, with the recent PE 31.7% lower than the historical average PE across our data set for SkyWest. Looking at the recent SKYW PE on 8/27/2026 based on TTM EPS, we calculate the ratio at 10.1. Based on SKYW's history, that recent PE is low relative to the historical average, with the recent PE 31.3% lower than the average PE across our SkyWest data set with TTM EPS used in the calculation at each period.

Another interesting SKYW historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for SKYW, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for SKYW, we start with the past four EPS numbers and we first sort them from lowest to highest: 2.21, 2.21, 2.54, and 2.81. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 2.21 and 2.54 — which gives us the median of 2.38. Basically the way to think about this 2.38 number is this: for the trailing four earnings reports, 2.38 marks the "middle ground" number where SKYW has reported a value higher than 2.38 half the time, and has reported a value lower than 2.38 half the time. Annualizing that median value then gets us to 9.52/share, which we use as the denominator in our next PE calculation. With 98.87 as the numerator (as of 8/27/2026), the calculation is then 98.87 / 9.52 = 10.4 as the SKYW PE ratio as of 8/27/2026, based on that annualized median value we calculated.

For self directed investors doing their due diligence on SKYW or any other given stock, valuation analysis for SKYW can greatly benefit from studying the past earnings and resulting PE calculations. This exercise can help inform an analysis as to whether the past earnings trajectory and current versus historical PE ratios justify the current stock value.

That's why we bring you HistoricalPERatio.com to make it easy for investors to investigate SkyWest PE history or the past PE information for any stock in our coverage universe. And in your continued research we hope you will be sure to check out the further links included for earnings surprises history (beat/miss data) as well as next earnings dates for SKYW. Thanks for visiting, and the next time you need to research SKYW Historical PE Ratio or the ratio for another stock, we hope you'll think of our site, as your go-to historical PE ratio research resource of choice.