Alaska Air Group (LTS:0HC3) Cyclically Adjusted Revenue per Share: $81.48 (As of Mar. 2026)

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LTS:0HC3 Alaska Air Group Inc LTS:0HC3
85 GF Score
Price $46.04
GF Value $63.10
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Alaska Air Group Cyclically Adjusted Revenue per Share?

Alaska Air Group LTS:0HC3 -2.55% 85 Cyclically Adjusted Revenue per Share is $81.48 as of Mar. 2026. GuruFocus rates LTS:0HC3 with a GF Score™ of 85/100 and a GF Value™ of $63.10 (Modestly Undervalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Alaska Air Group's adjusted revenue per share for the three months ended in Mar. 2026 was $28.873. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $81.48 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Alaska Air Group's average Cyclically Adjusted Revenue Growth Rate was 11.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 9.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Alaska Air Group was 12.30% per year. The lowest was -1.90% per year. And the median was 4.00% per year.

As of today (2026-07-18), Alaska Air Group's current stock price is $46.0429. Alaska Air Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $81.48. Alaska Air Group's Cyclically Adjusted PS Ratio of today is 0.57.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Alaska Air Group was 2.88. The lowest was 0.45. And the median was 0.97.


Alaska Air Group  (LTS:0HC3) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Alaska Air Group's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=46.0429/81.48
=0.57

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Alaska Air Group was 2.88. The lowest was 0.45. And the median was 0.97.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Alaska Air Group Cyclically Adjusted Revenue per Share Related Terms


Alaska Air Group Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Alaska Air Group's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Alaska Air Group Cyclically Adjusted Revenue per Share Chart

Alaska Air Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.78 59.74 66.59 71.92 80.15

Alaska Air Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 73.95 76.15 78.22 80.15 81.48

LTS:0HC3 vs CPA, SKYW, ALGT: Cyclically Adjusted Revenue per Share Comparison

For the Airlines subindustry, Alaska Air Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Alaska Air Group Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Alaska Air Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Alaska Air Group's Cyclically Adjusted PS Ratio falls into.


LTS:0HC3
85GF Score
Alaska Air Group Inc LTS:0HC3
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alaska Air Group Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Alaska Air Group's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=28.873/330.2130*330.2130
=28.873

Current CPI (Mar. 2026) = 330.2130.

Alaska Air Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 12.050 241.018 16.509
201609 12.646 241.428 17.297
201612 12.205 241.432 16.693
201703 13.999 243.801 18.961
201706 16.906 244.955 22.790
201709 16.986 246.819 22.725
201712 15.867 246.524 21.253
201803 14.818 249.554 19.607
201806 17.382 251.989 22.778
201809 17.858 252.439 23.360
201812 16.580 251.233 21.792
201903 15.139 254.202 19.666
201906 18.407 256.143 23.730
201909 19.256 256.759 24.765
201912 17.824 256.974 22.904
202003 13.321 258.115 17.042
202006 3.415 257.797 4.374
202009 5.669 260.280 7.192
202012 6.514 260.474 8.258
202103 6.412 264.877 7.994
202106 12.040 271.696 14.633
202109 15.355 274.310 18.484
202112 14.821 278.802 17.554
202203 13.343 287.504 15.325
202206 20.799 296.311 23.179
202209 22.030 296.808 24.509
202212 19.468 296.797 21.660
202303 17.223 301.836 18.842
202306 22.014 305.109 23.825
202309 21.976 307.789 23.577
202312 20.011 306.746 21.542
202403 17.719 312.332 18.733
202406 22.578 314.175 23.731
202409 23.890 315.301 25.020
202412 27.513 315.605 28.786
202503 25.476 319.799 26.306
202506 30.629 322.561 31.356
202509 32.051 324.800 32.585
202512 31.277 324.054 31.871
202603 28.873 330.213 28.873

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of $81.48 mean?
Alaska Air Group (LTS:0HC3) has a Cyclically Adjusted Revenue per Share of $81.48 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Alaska Air Group and its competitors.
Is Alaska Air Group's Cyclically Adjusted Revenue per Share too high?
Alaska Air Group's current Cyclically Adjusted Revenue per Share is $81.48. Overall, Alaska Air Group has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alaska Air Group's Cyclically Adjusted Revenue per Share compare to CPA and SKYW?
Alaska Air Group's Cyclically Adjusted Revenue per Share of $81.48 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Transportation company?
A good Cyclically Adjusted Revenue per Share depends on the Transportation industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Alaska Air Group and its competitors. Alaska Air Group's current Cyclically Adjusted Revenue per Share is $81.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alaska Air Group stock overvalued right now?
Based on GuruFocus' analysis, Alaska Air Group (LTS:0HC3) is currently considered Modestly Undervalued. The stock's GF Value™ is $63.10, compared to a current price of $46.04 — trading 27% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is $81.48. Alaska Air Group's overall GF Score™ is 85/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Alaska Air Group (LTS:0HC3), the current Cyclically Adjusted Revenue per Share is $81.48 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Alaska Air Group (LTS:0HC3) Overvalued in 2026?

Based on GuruFocus' analysis, Alaska Air Group stock appears to be undervalued. The current stock price of $46.04 is trading 27% below its estimated GF Value™ of $63.10. GuruFocus considers Alaska Air Group to be Modestly Undervalued.

Key valuation signals for LTS:0HC3:

  • Cyclically Adjusted Revenue per Share: $81.48
  • GF Value™: $63.10 vs. price of $46.04 (27% below fair value)
  • GF Score™: 85/100 with 6 warning signs

No single metric tells the full story. See the LTS:0HC3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alaska Air Group Business Description

Address 19300 International Boulevard, Seattle, WA, USA, 98188
Alaska Air Group Inc operates two airlines, Alaska and Horizon, in three operating segments. The Alaska Airlines segment includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico and Costa Rica. The Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements. The Hawaiian Airlines segment includes scheduled air transportation on Hawaiian's Boeing and Airbus aircraft for passengers and cargo. It earns revenues from Passenger tickets, including ticket breakage and net of taxes and fees, Passenger ancillary, and Mileage Plan passenger revenue.
85GF Score

Get the complete analysis for LTS:0HC3

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$46.04
Price
$63.10
GF Value