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Delta Air LinesXTER:OYC -0.43%75 Debt-to-EBITDA is 2.32 as of Jun. 2026, which is 8% above its 10-year median of 2.15. GuruFocus rates XTER:OYC with a GF Score™ of 75/100 and a GF Value™ of €50.96 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 868 Transportation companies, Delta Air Lines ranks worse than 61.64% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Delta Air Lines's Debt-to-EBITDA or its related term are showing as below:
XTER:OYC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.88 Med: 2.15 Max: 9.44
Current: 3.5
During the past 13 years, the highest Debt-to-EBITDA Ratio of Delta Air Lines was 9.44. The lowest was -2.88. And the median was 2.15.
XTER:OYC's Debt-to-EBITDA is ranked worse than 61.64% of 868
companies
in the Transportation industry
Industry Median: 2.64
vs XTER:OYC: 3.50
Delta Air Lines (XTER:OYC) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Delta Air Lines Debt-to-EBITDA Related Terms
Delta Air Lines Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Delta Air Lines's Debt-to-EBITDA 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.
XTER:OYC vs UAL, LUV, AAL: Debt-to-EBITDA Comparison
For the Airlines subindustry, Delta Air Lines's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
Delta Air Lines Debt-to-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, Delta Air Lines's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Delta Air Lines's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.
Delta Air Lines (XTER:OYC) has a Debt-to-EBITDA of 2.32 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Delta Air Lines. This is near median its historical median of 2.15. According to the industry distribution chart, Delta Air Lines ranks #535 out of 868 companies in the Transportation industry, placing it in the top 61.6%.
Is Delta Air Lines' Debt-to-EBITDA too high?
Delta Air Lines' current Debt-to-EBITDA of 2.32 is near median its 10-year median of 2.15. The Transportation industry median Debt-to-EBITDA is 2.64. Delta Air Lines' value of 2.32 is 12.1% below this industry median. Based on the distribution chart, Delta Air Lines ranks #535 out of 868 companies in the Transportation industry, which is below the industry midpoint. Overall, Delta Air Lines has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delta Air Lines' Debt-to-EBITDA compare to UAL and LUV?
According to the Transportation industry distribution chart, Delta Air Lines ranks #535 out of 868 companies for Debt-to-EBITDA. This places Delta Air Lines in the lower half of its industry. The industry median Debt-to-EBITDA is 2.64. Delta Air Lines' value of 2.32 is 12.1% below this benchmark. While the company's 10-year median is 2.15 vs. the industry median of 2.64, Delta Air Lines has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.64, based on 868 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Delta Air Lines's current Debt-to-EBITDA of 2.32 is 12.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Delta Air Lines. For the Transportation industry, the median Debt-to-EBITDA is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Air Lines's current Debt-to-EBITDA is 2.32, which is near median its own 10-year median of 2.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delta Air Lines stock overvalued right now?
Based on GuruFocus' analysis, Delta Air Lines (XTER:OYC) is currently considered Significantly Overvalued. The stock's GF Value™ is €50.96, compared to a current price of €75.78 — trading 48.7% above its estimated fair value. The current Debt-to-EBITDA is 2.32, which is near median its 10-year median of 2.15 and 12.1% below the Transportation industry median of 2.64. Delta Air Lines' overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Delta Air Lines (XTER:OYC), the current Debt-to-EBITDA is 2.32 as of Jun. 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 Delta Air Lines (XTER:OYC) Overvalued in 2026?
Based on GuruFocus' analysis, Delta Air Lines stock appears to be overvalued.
The current stock price of €75.78 is trading 48.7% above its estimated GF Value™ of €50.96.
GuruFocus considers Delta Air Lines to be Significantly Overvalued.
Key valuation signals for XTER:OYC:
Debt-to-EBITDA: 2.32 (near median its 10-year median of 2.15)
GF Value™: €50.96 vs. price of €75.78 (48.7% above fair value)
Industry Position: 12.1% below the Transportation median (#535 of 868)
No single metric tells the full story. See the XTER:OYC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned most of its international revenue and profits from flying passengers over the Atlantic Ocean.
75GF Score
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