In the current market session, SkyWest Inc. (NASDAQ:SKYW) share price is at $95.46, after a 5.98% decrease. Over the past month, the stock went up by 0.33%, but over the past year, it actually fell by 16.04%. Comparing SkyWest P/E Against Its PeersThe P/E ratio measures the current share price to the company's EPS. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.