Start with its own history
At 56.20×, ATSG is 82.2% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · ATSGAirlines, Airports & Air ServicesUpdated Nov 4, 2026
Air Transport Services Group, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
56.20×
82.2% abovethe 10-year annual average
Share price22.48
÷Earnings per share0.4
Price and EPS in quote currency. Calculation details
Investors are paying 56.20 for every 1 of reported earnings per share.
P/E over time
2015 – 2024
Annual P/ESelected-period average 30.85×
3-year average27.16×3 positive annual observations
5-year average19.80×5 positive annual observations
10-year average30.85×10 positive annual observations
Peer median · TTM32.66×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 22 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2024 | 52.33× | +167.5% |
| Dec 31, 2023 | 19.57× | +103.9% |
| Dec 31, 2022 | 9.59× | +1.2% |
| Dec 31, 2021 | 9.48× | +18.3% |
| Dec 31, 2020 | 8.02× | -85.3% |
| Dec 31, 2019 | 54.56× | +141.6% |
| Dec 31, 2018 | 22.58× | -69.7% |
| Dec 31, 2017 | 74.65× | +77.7% |
View all 22 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2016 | 42.00× | +166.7% |
| Dec 31, 2015 | 15.75× | -15.4% |
| Dec 31, 2014 | 18.61× | N/M |
| Dec 31, 2013 | N/M | N/M |
| Dec 31, 2012 | 6.27× | -50.9% |
| Dec 31, 2011 | 12.76× | +1.7% |
| Dec 31, 2010 | 12.54× | +161.2% |
| Dec 31, 2009 | 4.80× | N/M |
| Dec 31, 2008 | N/M | N/M |
| Dec 31, 2007 | 12.29× | +175.0% |
| Dec 31, 2006 | 4.47× | -70.4% |
| Dec 31, 2005 | 15.10× | +7.0% |
| Dec 31, 2004 | 14.11× | N/M |
| Dec 31, 2003 | N/M | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How ATSG compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 ATSG This stockAir Transport Services Group, Inc. | 56.20× |
 UPBDUpbound Group, Inc. | 12.38× |
 NVEENV5 Global, Inc. | 50.13× |
 GOGLCorgi GOOGL 2x Daily ETF | 14.41× |
 HOLIHollysys Automation Technologies Ltd. | 15.18× |
 HAHawaiian Holdings, Inc. | N/M |
 PRSUPursuit Attractions and Hospitality, Inc. | 32.66× |
 KAMNKaman Corporation | 164.25× |
 TGITriumph Group, Inc. | 49.08× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does ATSG’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 32.66×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take ATSG into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("ATSG", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 22.48 ÷ EPS 0.4 = 56.20×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 4, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
ATSG P/E ratio: common questions
The essentials behind the numbers.
Air Transport Services Group, Inc.'s current P/E is 56.20× based on the quote data last updated Nov 4, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.