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Delta Air LinesDAL +0.26%81 EV-to-EBITDA is 12.56 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 903 Transportation companies, Delta Air Lines ranks worse than 69.44% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Delta Air Lines's enterprise value is $71,697 Mil.
Delta Air Lines's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $5,709 Mil. Therefore, Delta Air Lines's EV-to-EBITDA for today is 12.56.
The historical rank and industry rank for Delta Air Lines's EV-to-EBITDA or its related term are showing as below:
DAL'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -9.31 Med: 8.32 Max: 47.12
Current: 12.56
During the past 13 years, the highest EV-to-EBITDA of Delta Air Lines was 47.12. The lowest was -9.31. And the median was 8.32.
DAL's EV-to-EBITDA is ranked worse than 69.44% of 903
companies
in the Transportation industry
Industry Median: 8.61
vs DAL: 12.56
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Delta Air Lines (NYSE:DAL) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Delta Air Lines's PE Ratio (TTM) for today is calculated as:
Delta Air Lines's share price for today is $85.73.
Delta Air Lines's Earnings per Share (Diluted) 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 $6.030.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Delta Air Lines's EV-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.
For the Airlines subindustry, Delta Air Lines's EV-to-EBITDA, along with its competitors' market caps and EV-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 EV-to-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, Delta Air Lines's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Delta Air Lines's EV-to-EBITDA falls into.
Delta Air Lines's current Enterprise Value is $71,697 Mil.
Delta Air Lines's EBITDA 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 (DAL) has a EV-to-EBITDA of 12.56 as of Jul. 15, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Delta Air Lines. This is 51% above median its historical median of 8.32. According to the industry distribution chart, Delta Air Lines ranks #627 out of 903 companies in the Transportation industry, placing it in the top 69.4%.
Is Delta Air Lines' EV-to-EBITDA too high?
Delta Air Lines' current EV-to-EBITDA of 12.56 is 51% above median its 10-year median of 8.32. The Transportation industry median EV-to-EBITDA is 8.61. Delta Air Lines' value of 12.56 is 45.9% above this industry median. Based on the distribution chart, Delta Air Lines ranks #627 out of 903 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-EBITDA compare to UAL and LUV?
According to the Transportation industry distribution chart, Delta Air Lines ranks #627 out of 903 companies for EV-to-EBITDA. This places Delta Air Lines in the lower half of its industry. The industry median EV-to-EBITDA is 8.61. Delta Air Lines' value of 12.56 is 45.9% above this benchmark. While the company's 10-year median is 8.32 vs. the industry median of 8.61, 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-EBITDA for a Transportation company?
The median EV-to-EBITDA among Transportation companies is 8.61, based on 903 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Delta Air Lines's current EV-to-EBITDA of 12.56 is 45.9% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Delta Air Lines. For the Transportation industry, the median EV-to-EBITDA is 8.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Air Lines's current EV-to-EBITDA is 12.56, 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 $85.73 — trading 47.3% above its estimated fair value. The current EV-to-EBITDA is 12.56, which is 51% above median its 10-year median of 8.32 and 45.9% above the Transportation industry median of 8.61. 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Delta Air Lines (DAL), the current EV-to-EBITDA is 12.56 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 $85.73 is trading 47.3% above its estimated GF Value™ of $58.19.
GuruFocus considers Delta Air Lines to be Significantly Overvalued.
Key valuation signals for DAL:
EV-to-EBITDA: 12.56 (51% above median its 10-year median of 8.32)
GF Value™: $58.19 vs. price of $85.73 (47.3% above fair value)
Industry Position: 45.9% above the Transportation median (#627 of 903)
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.
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
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EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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