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Delta Air LinesDAL -2.92%81 EV-to-OCF is 8.69 as of Jul. 19, 2026, which is 23% above its 10-year median of 7.09. GuruFocus rates DAL with a GF Score™ of 81/100 and a GF Value™ of $58.17 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,008 Transportation companies, Delta Air Lines ranks worse than 53.97% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Delta Air Lines's Enterprise Value is $70,671 Mil.
Delta Air Lines's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $8,134 Mil. Therefore, Delta Air Lines's EV-to-OCF for today is 8.69.
The historical rank and industry rank for Delta Air Lines's EV-to-OCF or its related term are showing as below:
DAL'
s EV-to-OCF Range Over the Past 10 Years
Min: -37.14 Med: 7.09 Max: 35.22
Current: 8.69
During the past 13 years, the highest EV-to-OCF of Delta Air Lines was 35.22. The lowest was -37.14. And the median was 7.09.
DAL's EV-to-OCF is ranked worse than 53.97% of 1008
companies
in the Transportation industry
Industry Median: 7.925
vs DAL: 8.69
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 $84.17.
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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Delta Air Lines EV-to-OCF Related Terms
Delta Air Lines EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Delta Air Lines's EV-to-OCF 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Transportation Industry
For the Transportation industry and Industrials sector, Delta Air Lines's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Delta Air Lines's EV-to-OCF falls into.
Delta Air Lines's current Enterprise Value is $70,671 Mil.
Delta Air Lines's Cash Flow from Operations 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 $8,134 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-OCF of 8.69 as of Jul. 19, 2026. This is 23% above median its historical median of 7.09. According to the industry distribution chart, Delta Air Lines ranks #544 out of 1008 companies in the Transportation industry, placing it in the top 54%.
Is Delta Air Lines' EV-to-OCF too high?
Delta Air Lines' current EV-to-OCF of 8.69 is 23% above median its 10-year median of 7.09. The Transportation industry median EV-to-OCF is 7.93. Delta Air Lines' value of 8.69 is 9.7% above this industry median. Based on the distribution chart, Delta Air Lines ranks #544 out of 1008 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-OCF compare to UAL and LUV?
According to the Transportation industry distribution chart, Delta Air Lines ranks #544 out of 1008 companies for EV-to-OCF. This places Delta Air Lines in the lower half of its industry. The industry median EV-to-OCF is 7.93. Delta Air Lines' value of 8.69 is 9.7% above this benchmark. While the company's 10-year median is 7.09 vs. the industry median of 7.93, 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-OCF for a Transportation company?
The median EV-to-OCF among Transportation companies is 7.93, based on 1,008 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Delta Air Lines's current EV-to-OCF of 8.69 is 9.7% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median EV-to-OCF is 7.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Air Lines's current EV-to-OCF is 8.69, which is 23% above median its own 10-year median of 7.09. 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 $58.17, compared to a current price of $84.17 — trading 44.7% above its estimated fair value. The current EV-to-OCF is 8.69, which is 23% above median its 10-year median of 7.09 and 9.7% above the Transportation industry median of 7.93. 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Delta Air Lines (DAL), the current EV-to-OCF is 8.69 as of Jul. 19, 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 $84.17 is trading 44.7% above its estimated GF Value™ of $58.17.
GuruFocus considers Delta Air Lines to be Significantly Overvalued.
Key valuation signals for DAL:
EV-to-OCF: 8.69 (23% above median its 10-year median of 7.09)
GF Value™: $58.17 vs. price of $84.17 (44.7% above fair value)
Industry Position: 9.7% above the Transportation median (#544 of 1008)
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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