DAL Delta Air Lines PE ratio, current and historical analysis
As at Sep 6, 2024, the DAL stock has a PE ratio of 6.0. This is based on the current EPS of $7.01 and the stock price of $42.03 per share. A decrease of 6% has been seen in the P/E ratio compared to the average of 6.4 of the last 4 quarters.
DAL PE ratio history
The mean historical PE ratio of Delta Air Lines over the last ten years is 22.27. The current 6.0 PE ratio is 73% 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 Sep 2014 quarter recorded the bottom point at 3.11, with a price of $36.15 and an EPS of $11.62.
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 | 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% |
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 ALK, DAL's PE ratio stands lower, however it is higher than UAL's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| UAL United Airlines Holdings Inc | 5.15 | $15.13B |
| DAL Delta Air Lines Inc | 6 | $27.13B |
| SKYW Skywest Inc | 17.35 | $3.03B |
| ALK Alaska Air Group Inc | 21.36 | $4.74B |
| LUV Southwest Airlines Co | 247.5 | $17.79B |
| JBLU Jetblue Airways Corp | N/A | $1.84B |
| AAL American Airlines Group Inc | N/A | $7.09B |
| SAVE Spirit Airlines Inc | N/A | $274.89M |
| HA Hawaiian Holdings Inc | N/A | $886.77M |
| ALGT Allegiant Travel CO | N/A | $743.58M |
Frequently asked questions
What is Delta Air Lines's PE ratio?
As of Sep 6, 2024, DAL stock has a price to earnings ratio of 6.
What is the 3-year average PE ratio for Delta Air Lines (DAL)?
The 3-year average PE ratio for DAL stock is 42.41.
What is the 5-year average PE ratio for Delta Air Lines (DAL)?
The 5-year average PE ratio for DAL stock is 34.84.
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 73% below its 10-year historical average.
Why is Delta Air Lines's PE ratio so low?
DAL's PE ratio of 6 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 (Sep 6, 2024), Delta Air Lines's stock price is $42.03. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $7.01. Therefore, Delta Air Lines's P/E ratio for today is 6. PE RATIO(6) = STOCK PRICE($42.03) / TTM EPS($7.01)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.