DAL Delta Air Lines PE ratio, current and historical analysis
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- NYSE: DAL
- PE Ratio
As at May 21, 2025, the DAL stock has a PE ratio of 8.47. This is based on the current EPS of $5.7 and the stock price of $48.27 per share. An increase of 3.8% has been seen in the P/E ratio compared to the average of 8.2 of the last 4 quarters.
DAL PE ratio history
The mean historical PE ratio of Delta Air Lines over the last ten years is 20.2. The current 8.47 PE ratio is 58% 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 Mar 2020 quarter recorded the bottom point at 5.27, with a price of $28.53 and an EPS of $5.41.
Delta Air Lines PE ratio by year
Maximum annual increase: 2,717.65% in 2014
Maximum annual decrease: -85.68% in 2015
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 11.22 | 101.08% | $60.5 | $5.39 |
| 2023 | 5.58 | -64.84% | $40.23 | $7.21 |
| 2022 | 15.87 | -82.13% | $32.86 | $2.07 |
| 2021 | 88.82 | N/A | $39.08 | $0.44 |
| 2020 | N/A | N/A | $40.21 | -$19.49 |
| 2019 | 7.99 | -8.89% | $58.48 | $7.32 |
| 2018 | 8.77 | -30.29% | $49.9 | $5.69 |
| 2017 | 12.58 | 42.95% | $56 | $4.45 |
| 2016 | 8.8 | -1.35% | $49.19 | $5.59 |
| 2015 | 8.92 | -85.68% | $50.69 | $5.68 |
| 2014 | 62.27 | 2,717.65% | $49.19 | $0.79 |
| 2013 | 2.21 | -77.65% | $27.47 | $12.41 |
| 2012 | 9.89 | 24.72% | $11.87 | $1.2 |
| 2011 | 7.93 | -55.32% | $8.09 | $1.02 |
| 2010 | 17.75 | N/A | $12.6 | $0.71 |
Delta Air Lines PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 7.65 | -31.82% | $43.6 | $5.7 |
| Dec 2024 | 11.22 | 60.29% | $60.5 | $5.39 |
| Sep 2024 | 7 | 3.4% | $50.79 | $7.26 |
| Jun 2024 | 6.77 | 10.8% | $47.44 | $7.01 |
| Mar 2024 | 6.11 | 9.5% | $47.87 | $7.83 |
| Dec 2023 | 5.58 | -19.71% | $40.23 | $7.21 |
| Sep 2023 | 6.95 | -31.59% | $37 | $5.32 |
| Jun 2023 | 10.16 | -13.61% | $47.54 | $4.68 |
| Mar 2023 | 11.76 | -25.9% | $34.92 | $2.97 |
| Dec 2022 | 15.87 | -93.21% | $32.86 | $2.07 |
| Sep 2022 | 233.83 | 650.66% | $28.06 | $0.12 |
| Jun 2022 | 31.15 | -37.02% | $28.97 | $0.93 |
| Mar 2022 | 49.46 | -44.31% | $39.57 | $0.8 |
| Dec 2021 | 88.82 | N/A | $39.08 | $0.44 |
| Sep 2021 | N/A | N/A | $42.61 | -$0.12 |
DAL Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
DAL average PE ratio chart
The current PE ratio of DAL is below the 3, 5 and 10-year averages.
DAL PE vs peers
Compared to its peers LUV and AAL, DAL's PE ratio stands lower, however it is higher than UAL's. Delta Air Lines's PE ratio is trading below the peer group average of 16.25.
| Stock name | PE ratio | Market cap |
|---|---|---|
| UAL United Airlines Holdings Inc | 6.77 | $24.63B |
| DAL Delta Air Lines Inc | 8.49 | $31.62B |
| AAL American Airlines Group Inc | 10.9 | $7.48B |
| SKYW Skywest Inc | 10.94 | $3.98B |
| ALK Alaska Air Group Inc | 17.67 | $6.05B |
| LUV Southwest Airlines Co | 34.86 | $17.88B |
| JBLU Jetblue Airways Corp | N/A | $1.71B |
| ALGT Allegiant Travel CO | N/A | $952.72M |
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Frequently asked questions
What is Delta Air Lines's PE ratio?
As of May 21, 2025, DAL stock has a price to earnings ratio of 8.47.
What is the 3-year average PE ratio for Delta Air Lines (DAL)?
The 3-year average PE ratio for DAL stock is 29.5.
What is the 5-year average PE ratio for Delta Air Lines (DAL)?
The 5-year average PE ratio for DAL stock is 35.17.
What is the highest PE ratio for DAL?
Over the last ten years, the quarterly PE ratio reached a historic high of 233.83 in the Sep 2022 quarter.
How does the current PE ratio for DAL compare to its historical average?
DAL's current price to earnings ratio is 58% below its 10-year historical average.
Why is Delta Air Lines's PE ratio so low?
DAL's PE ratio of 8.47 is considered low because the company's stock price is trading at a lower multiple of earnings.
How is DAL's PE ratio calculated (Delta Air Lines PE ratio formula)?
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (May 21, 2025), Delta Air Lines's stock price is $48.27. The earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $5.7. Therefore, Delta Air Lines's P/E ratio for today is 8.47. PE RATIO(8.47) = STOCK PRICE($48.27) / TTM EPS($5.7)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.