As at Apr 26, 2024, the DAL stock has a PE ratio of 6.38. This is based on the current EPS of $7.83 and the stock price of $49.92 per share. A decrease of 11% has been seen in the P/E ratio compared to the average of 7.2 of the last 4 quarters.
The mean historical PE ratio of Delta Air Lines over the last ten years is 22.16. The current 6.38 PE ratio is 71% below the historical average. Over the past ten years, DAL's PE ratio was at its highest in the Sep 2022 quarter at 233.83, with a price of $28.06 and an EPS of $0.12. The Jun 2014 quarter recorded the bottom point at 3.03, with a price of $38.72 and an EPS of $12.8.
Maximum annual increase: 2,717.65% in 2014
Maximum annual decrease: -85.68% in 2015
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 5.58 | -64.84% |
| 2022 | 15.87 | -82.13% |
| 2021 | 88.82 | N/A |
| 2020 | N/A | N/A |
| 2019 | 7.99 | -8.89% |
| 2018 | 8.77 | -30.29% |
| 2017 | 12.58 | 42.95% |
| 2016 | 8.8 | -1.35% |
| 2015 | 8.92 | -85.68% |
| 2014 | 62.27 | 2,717.65% |
The current PE ratio of DAL is below the 3, 5 and 10-year averages.
Compared to its peer stocks UAL and LUV, DAL's PE ratio stands lower. Delta Air Lines's PE ratio is trading below the peer group average of 20.75.
| Stock name | PE ratio | Market cap |
|---|---|---|
| UAL United Airlines Holdings Inc | 6.39 | $17.22B |
| DAL Delta Air Lines Inc | 6.41 | $32.38B |
| ALGT Allegiant Travel CO | 8.93 | $1.03B |
| AAL American Airlines Group Inc | 17.88 | $9.03B |
| ALK Alaska Air Group Inc | 24.14 | $5.6B |
| SKYW Skywest Inc | 26.29 | $2.98B |
| LUV Southwest Airlines Co | 40.41 | $15.96B |
| JBLU Jetblue Airways Corp | N/A | $1.96B |
| SAVE Spirit Airlines Inc | N/A | $403.97M |
| HA Hawaiian Holdings Inc | N/A | $642.67M |
As of Apr 26, 2024, DAL stock has a price to earnings ratio of 6.38.
The 3-year average PE ratio for DAL stock is 45.97.
The 5-year average PE ratio for DAL stock is 34.96.
Over the last ten years, the quarterly PE ratio reached a historic high of 233.83 in the Sep 2022 quarter.
DAL's current price to earnings ratio is 71% below its 10-year historical average.
DAL's PE ratio of 6.38 is considered low because the company's stock price is trading at a lower multiple of earnings.
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Apr 26, 2024), Delta Air Lines's stock price is $49.92. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $7.83. Therefore, Delta Air Lines's P/E ratio for today is 6.38. PE RATIO(6.38) = STOCK PRICE($49.92) / TTM EPS($7.83)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.