DAL

NYSE

DELTA AIR LINES, INC.

Industrials, Passenger Airlines

$91.34

close 7 Aug 2026

+70.73%

52-week change

$60.07B

market cap

$53.12

$95.68

52-week range

Expected price

$49.85 – $60.93

Current price

$91.34

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)15.17x

P/S (TTM)0.88x

P/B2.75x

EV/EBITDA (TTM)8.49x

FCF yield (TTM)6.11%

PEG (TTM, GAAP)0.28

Context

P/E, own 5-year average34.69x

P/E, sector median29.72x*

Price at 5-year median P/E$54.72*

Indicated dividend yield0.94%

Forward — analyst consensus

Forward P/E (FY2026)13.77x*

Forward P/E (FY2027)10.39x

Forward PEG0.42*

Consensus EPS FY2026 (23 analysts)$6.63

EPS growth (FY2026→FY2027)32.58%

Revenue growth (FY2026)15.23%

Street view

Price target (mean)$105.52*

Target upside15.53%

Ratings (buy / hold / sell)24 / 0 / 1

FY2026 EPS revisions, 30d (up / down)22 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 10 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

10Y CAGR -2.56%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$91.34

Cash & equivalents$4.67B

Total debt$12.91B

Shares outstanding657.62M

Result

DCF price per share$57.75

Current price$91.34

Margin of safety-36.77%

PV of years 1–10$21.77B

PV of terminal value$24.45B

Equity value$37.98B

Market-implied growth+2.48%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$3.58B	$3.49B	$3.40B	$3.31B	$3.22B	$3.14B	$3.06B	$2.98B	$2.91B	$2.83B	$52.79B
PV	$3.31B	$2.99B	$2.70B	$2.43B	$2.19B	$1.98B	$1.79B	$1.61B	$1.45B	$1.31B	$24.45B

period to 30 Jun 2026, filed 10 Jul 2026, close 7 Aug 2026