Southwest Airlines (LUV) Price to Book (2009 - 2026)

Southwest Airlines (LUV) has reported Price to Book for 18 consecutive years, with 3.55 the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Price to Book rose 66.79% year-over-year to 3.55; the trailing twelve-month figure through Jun 2026 stood at 3.55 (up 66.79% YoY), and the FY2025 full-year result was 2.54, up 32.16% from the prior year.
• Price to Book climbed to 3.55 in Q2 2026 per LUV's latest filing, from 2.67 in the prior quarter.
• Across five years, Price to Book topped out at 3.55 in Q2 2026 and bottomed at 1.46 in Q3 2023.
• Historically, Price to Book has averaged 2.06 across 5 years, with a median of 1.93 in 2022.
• The sharpest annual moves came in 2022 and 2026: Price to Book sank 43.56% in 2022, then soared 66.79% in 2026.
• Over 5 years, Price to Book stood at 1.87 in 2022, then slipped by 12.47% to 1.64 in 2023, then gained by 17.48% to 1.93 in 2024, then soared by 32.16% to 2.54 in 2025, then surged by 39.6% to 3.55 in 2026.
• According to Business Quant data, Price to Book over the past three periods registered 3.55, 2.67, and 2.54 for Q2 2026, Q1 2026, and Q4 2025 respectively.