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Southwest Airlines Co (LUV)
Air Transportation, Scheduled
Latest Price
$41.64
TTM P/E
26.35
Normalized P/E
46.87
Div Yield
1.73%
Book Value
14.49
P/B Ratio
2.87
Valuation metrics
adjust assumptions →EPS: $0.79
Book value / share: $14.30
Formula: √(22.5 × EPS × BVPS)
Graham Number
$15.94
62% downside
Norm. op. income: $428M (median of 7yr)
Tax rate: 24%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$2.78
93% downside
Base FCF: $1.8B (median of recent 5yr)
Growth: 5%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$52.48
+26% upside
EPS: $0.79
Target P/E: 47×
Formula: EPS × P/E
P/E Fair Value
$37.13
11% downside
Institutional Ownership
94.7% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| Primecap Management Co | 48.80M | $2.51B | 9.98% | +1.73M | 2026-06-30 |
| Franklin Resources Inc | 46.58M | $2.40B | 9.53% | +2.19M | 2026-06-30 |
| Vanguard Capital Management LLC | 31.61M | $1.63B | 6.47% | -30.5K | 2026-06-30 |
| BlackRock, Inc. | 29.92M | $1.54B | 6.12% | +1.34M | 2026-06-30 |
| State Street Corp | 29.33M | $1.51B | 6.00% | -192.8K | 2026-06-30 |
| Elliott Investment Management L.P. | 24.31M | $1.25B | 4.97% | -6.04M | 2026-06-30 |
| Vanguard Portfolio Management LLC | 24.00M | $1.23B | 4.91% | +869.8K | 2026-06-30 |
| Price T Rowe Associates Inc | 13.91M | $715.0M | 2.84% | +10.7K | 2026-06-30 |
| Geode Capital Management, LLC | 12.74M | $653.0M | 2.61% | -236.7K | 2026-06-30 |
| Ameriprise Financial Inc | 10.78M | $553.0M | 2.20% | +792.9K | 2026-06-30 |