DAL (Delta Air Lines) EV-to-EBIT: 12.53 (As of Jul. 15, 2026) — 51% Above Median

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DAL Delta Air Lines Inc DAL
81 GF Score
Price $85.51
GF Value $58.19
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Delta Air Lines EV-to-EBIT?

Delta Air Lines DAL -0.79% 81 EV-to-EBIT is 12.53 as of Jul. 15, 2026, which is 51% above its 10-year median of 8.32. GuruFocus rates DAL with a GF Score™ of 81/100 and a GF Value™ of $58.19 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 870 Transportation companies, Delta Air Lines ranks worse than 50.8% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Delta Air Lines's Enterprise Value is $71,552 Mil. Delta Air Lines's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $5,709 Mil. Therefore, Delta Air Lines's EV-to-EBIT for today is 12.53.

The historical rank and industry rank for Delta Air Lines's EV-to-EBIT or its related term are showing as below:

DAL' s EV-to-EBIT Range Over the Past 10 Years
Min: -9.31   Med: 8.32   Max: 47.12
Current: 12.53

During the past 13 years, the highest EV-to-EBIT of Delta Air Lines was 47.12. The lowest was -9.31. And the median was 8.32.

DAL's EV-to-EBIT is ranked worse than
50.8% of 870 companies
in the Transportation industry
Industry Median: 12.345 vs DAL: 12.53

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Delta Air Lines's Enterprise Value for the quarter that ended in Jun. 2026 was $76,912 Mil. Delta Air Lines's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $5,709 Mil. Delta Air Lines's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 7.42%.


Delta Air Lines  (NYSE:DAL) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Delta Air Lines's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=5709/76911.97018
=7.42 %

Delta Air Lines's Enterprise Value for the quarter that ended in Jun. 2026 was $76,912 Mil.
Delta Air Lines's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,709 Mil.

* 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.


Delta Air Lines EV-to-EBIT Related Terms


Delta Air Lines EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Delta Air Lines's EV-to-EBIT 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.

Delta Air Lines EV-to-EBIT Chart

Delta Air Lines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.84 15.34 7.65 10.88 8.93

Delta Air Lines Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT 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 7.87 8.25 8.93 9.35 13.47

DAL vs UAL, LUV, AAL: EV-to-EBIT Comparison

For the Airlines subindustry, Delta Air Lines's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, Delta Air Lines's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Delta Air Lines's EV-to-EBIT falls into.


DAL
81GF Score
Delta Air Lines Inc DAL
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Delta Air Lines EV-to-EBIT Calculation

Delta Air Lines's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=71552.345/5709
=12.53

Delta Air Lines's current Enterprise Value is $71,552 Mil.
Delta Air Lines's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,709 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 12.53 mean?
Delta Air Lines (DAL) has a EV-to-EBIT of 12.53 as of Jul. 15, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Delta Air Lines and its competitors. This is 51% above median its historical median of 8.32. According to the industry distribution chart, Delta Air Lines ranks #442 out of 870 companies in the Transportation industry, placing it in the top 50.8%.
Is Delta Air Lines' EV-to-EBIT too high?
Delta Air Lines' current EV-to-EBIT of 12.53 is 51% above median its 10-year median of 8.32. The Transportation industry median EV-to-EBIT is 12.35. Delta Air Lines' value of 12.53 is 1.5% above this industry median. Based on the distribution chart, Delta Air Lines ranks #442 out of 870 companies in the Transportation industry, which is below the industry midpoint. Overall, Delta Air Lines has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delta Air Lines' EV-to-EBIT compare to UAL and LUV?
According to the Transportation industry distribution chart, Delta Air Lines ranks #442 out of 870 companies for EV-to-EBIT. This places Delta Air Lines in the lower half of its industry. The industry median EV-to-EBIT is 12.35. Delta Air Lines' value of 12.53 is 1.5% above this benchmark. While the company's 10-year median is 8.32 vs. the industry median of 12.35, Delta Air Lines 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 EV-to-EBIT for a Transportation company?
The median EV-to-EBIT among Transportation companies is 12.35, based on 870 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Delta Air Lines's current EV-to-EBIT of 12.53 is 1.5% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Delta Air Lines and its competitors. For the Transportation industry, the median EV-to-EBIT is 12.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Air Lines's current EV-to-EBIT is 12.53, which is 51% above median its own 10-year median of 8.32. 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 (DAL) is currently considered Significantly Overvalued. The stock's GF Value™ is $58.19, compared to a current price of $85.51 — trading 46.9% above its estimated fair value. The current EV-to-EBIT is 12.53, which is 51% above median its 10-year median of 8.32 and 1.5% above the Transportation industry median of 12.35. Delta Air Lines' overall GF Score™ is 81/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Delta Air Lines (DAL), the current EV-to-EBIT is 12.53 as of Jul. 15, 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 (DAL) Overvalued in 2026?

Based on GuruFocus' analysis, Delta Air Lines stock appears to be overvalued. The current stock price of $85.51 is trading 46.9% above its estimated GF Value™ of $58.19. GuruFocus considers Delta Air Lines to be Significantly Overvalued.

Key valuation signals for DAL:

  • EV-to-EBIT: 12.53 (51% above median its 10-year median of 8.32)
  • GF Value™: $58.19 vs. price of $85.51 (46.9% above fair value)
  • GF Score™: 81/100 with 6 warning signs
  • Industry Position: 1.5% above the Transportation median (#442 of 870)

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


Delta Air Lines Business Description

Address Post Office Box 20706, Atlanta, GA, USA, 30320-6001
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.
81GF Score

Get the complete analysis for DAL

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$85.51
Price
$58.19
GF Value