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Alaska Air GroupHAM:ALK +0.27%81 Debt-to-Equity is 2.08 as of Jun. 2026, which is 106% above its 10-year median of 1.01. GuruFocus rates HAM:ALK with a GF Score™ of 81/100 and a GF Value™ of €51.10. The stock has 4 warning signs investors should review. Among 909 Transportation companies, Alaska Air Group ranks worse than 89.33% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Alaska Air Group's Debt-to-Equity or its related term are showing as below:
HAM:ALK'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.54 Med: 1.01 Max: 2.08
Current: 2.08
During the past 13 years, the highest Debt-to-Equity Ratio of Alaska Air Group was 2.08. The lowest was 0.54. And the median was 1.01.
HAM:ALK's Debt-to-Equity is ranked worse than 89.33% of 909
companies
in the Transportation industry
Industry Median: 0.54
vs HAM:ALK: 2.08
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Alaska Air Group Debt-to-Equity Related Terms
Alaska Air Group Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Alaska Air Group's Debt-to-Equity 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.
HAM:ALK vs CPA, SKYW, ALGT: Debt-to-Equity Comparison
For the Airlines subindustry, Alaska Air Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Alaska Air Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Alaska Air Group's Debt-to-Equity 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.
Alaska Air Group (HAM:ALK) has a Debt-to-Equity of 2.08 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Alaska Air Group and its competitors. This is 106% above median its historical median of 1.01. Over the past decade, Alaska Air Group's Debt-to-Equity has ranged from 0.54 to 2.08. According to the industry distribution chart, Alaska Air Group ranks #812 out of 909 companies in the Transportation industry, placing it in the top 89.3%.
Is Alaska Air Group's Debt-to-Equity too high?
Alaska Air Group's current Debt-to-Equity of 2.08 is 106% above median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 2.08. The Transportation industry median Debt-to-Equity is 0.54. Alaska Air Group's value of 2.08 is 285.2% above this industry median. Based on the distribution chart, Alaska Air Group ranks #812 out of 909 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Alaska Air Group has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Alaska Air Group's Debt-to-Equity compare to CPA and SKYW?
According to the Transportation industry distribution chart, Alaska Air Group ranks #812 out of 909 companies for Debt-to-Equity. This places Alaska Air Group in the lower half of its industry. The industry median Debt-to-Equity is 0.54. Alaska Air Group's value of 2.08 is 285.2% above this benchmark. Historically, Alaska Air Group's own Debt-to-Equity has ranged from 0.54 to 2.08 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 0.54, Alaska Air Group has consistently been above 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-Equity for a Transportation company?
The median Debt-to-Equity among Transportation companies is 0.54, based on 909 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Alaska Air Group's current Debt-to-Equity of 2.08 is 285.2% above 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Alaska Air Group and its competitors. For the Transportation industry, the median Debt-to-Equity is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alaska Air Group's current Debt-to-Equity is 2.08, which is 106% above median its own 10-year median of 1.01. 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?
Alaska Air Group (HAM:ALK) has a current Debt-to-Equity of 2.08. The stock's GF Value™ is €51.10, compared to a current price of €40.69 — trading 20.4% below its estimated fair value. The current Debt-to-Equity is 2.08, which is 106% above median its 10-year median of 1.01 and 285.2% above the Transportation industry median of 0.54. Alaska Air Group's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Alaska Air Group (HAM:ALK), the current Debt-to-Equity is 2.08 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 Alaska Air Group (HAM:ALK) Overvalued in 2026?
Based on GuruFocus' analysis, Alaska Air Group stock appears to be undervalued.
The current stock price of €40.69 is trading 20.4% below its estimated GF Value™ of €51.10.
Key valuation signals for HAM:ALK:
Debt-to-Equity: 2.08 (106% above median its 10-year median of 1.01)
GF Value™: €51.10 vs. price of €40.69 (20.4% below fair value)
Industry Position: 285.2% above the Transportation median (#812 of 909)
No single metric tells the full story. See the HAM:ALK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
81GF Score
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