DAL
Delta Air Lines
PE ratio, current and historical analysis
- Stocks
- Industrials
- NYSE: DAL
- PE Ratio
As at Jul 14, 2026, the DAL stock has a PE ratio of 14.22. This is based on the current EPS of $6.06 and the stock price of $86.19 per share. An increase of 35% has been seen in the P/E ratio compared to the average of 10.5 of the last 4 quarters.
DAL PE ratio history
The mean historical PE ratio of Delta Air Lines over the last ten years is 20.09. The current 14.22 PE ratio is 29% 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 |
|---|---|---|---|---|
| 2025 | 8.99 | -19.88% | $69.4 | $7.72 |
| 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 |
Delta Air Lines PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 15.46 | 60.21% | $93.66 | $6.06 |
| Mar 2026 | 9.65 | 7.34% | $66.48 | $6.89 |
| Dec 2025 | 8.99 | 13.08% | $69.4 | $7.72 |
| Sep 2025 | 7.95 | 12.13% | $56.75 | $7.14 |
| Jun 2025 | 7.09 | -7.32% | $49.18 | $6.94 |
| 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 |
DAL Price vs fair value
DAL average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of DAL is greater than its 3-year historical average, but it is below the 5 and 10-year averages.
PE comparison
Delta Air Lines's P/E of 14.22 is below the Industrials sector, the industry and its peers average. Compared to its Industrials sector average of 29.39, Delta Air Lines's P/E is 52% lower.
DAL PE vs peers
Compared to its peers LUV and AAL, DAL's PE ratio stands lower, however it is higher than UAL's and SKYW's. Delta Air Lines's PE ratio is trading below the peer group average of 36.78.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SKYW Skywest Inc | 9.15 | $3.88B |
| UAL United Airlines Holdings Inc | 10.71 | $39.32B |
| DAL Delta Air Lines Inc | 14.22 | $56.68B |
| LUV Southwest Airlines Co | 30.72 | $23.42B |
| AAL American Airlines Group Inc | 52.61 | $10.79B |
| ALK Alaska Air Group Inc | 80.69 | $5.21B |
| JBLU Jetblue Airways Corp | N/A | $2.08B |
| ALGT Allegiant Travel CO | N/A | $1.97B |
Frequently asked questions
What is Delta Air Lines's PE ratio?
As of Jul 14, 2026, DAL stock has a price to earnings ratio of 14.22.
What is the 3-year average PE ratio for Delta Air Lines (DAL)?
The 3-year average PE ratio for DAL stock is 8.37.
What is the 5-year average PE ratio for Delta Air Lines (DAL)?
The 5-year average PE ratio for DAL stock is 28.5.
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 29% below its 10-year historical average.
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 (Jul 14, 2026), Delta Air Lines's stock price is $86.19. The earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $6.06. Therefore, Delta Air Lines's P/E ratio for today is 14.22. PE RATIO(14.22) = STOCK PRICE($86.19) / TTM EPS($6.06)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.