Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Delta Air Lines's Enterprise Value is $74,803 Mil.
Delta Air Lines's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $6,302 Mil. Therefore, Delta Air Lines's EV-to-EBIT ratio for today is 11.87.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Delta Air Lines's Enterprise Value is $74,803 Mil.
Delta Air Lines's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $6,302 Mil. Therefore, Delta Air Lines's EV-to-EBITDA ratio for today is 11.87.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Delta Air Lines's Enterprise Value is $74,803 Mil.
Delta Air Lines's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $65,178 Mil. Therefore, Delta Air Lines's EV-to-Revenue ratio for today is 1.15.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Delta Air Lines's Enterprise Value is $74,803 Mil.
Delta Air Lines's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $3,921 Mil. Therefore, Delta Air Lines's EV-to-FCF ratio for today is 19.08.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Delta Air Lines (NYSE:DAL) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Delta Air Lines's current Enterprise Value is $74,803 Mil.
Delta Air Lines's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $6,302 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Delta Air Lines's current Enterprise Value is $74,803 Mil.
Delta Air Lines's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $6,302 Mil.
Delta Air Lines's current Enterprise Value is $74,803 Mil.
Delta Air Lines's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $65,178 Mil.
Delta Air Lines's current Enterprise Value is $74,803 Mil.
Delta Air Lines's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $8,396 Mil.
Delta Air Lines's current Enterprise Value is $74,803 Mil.
Delta Air Lines's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,921 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 Enterprise Value Related Terms
Delta Air Lines Enterprise Value Historical Data
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The historical data trend for Delta Air Lines's Enterprise Value 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 Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Transportation Industry
For the Transportation industry and Industrials sector, Delta Air Lines's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Delta Air Lines's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Delta Air Lines's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Enterprise Value of $74,803 Mil as of Jun. 25, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Delta Air Lines and its competitors.
Is Delta Air Lines' Enterprise Value too high?
Delta Air Lines' current Enterprise Value is $74,803 Mil. Overall, Delta Air Lines has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delta Air Lines' Enterprise Value compare to UAL and LUV?
Delta Air Lines' Enterprise Value of $74,803 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Transportation company?
A good Enterprise Value depends on the Transportation industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Delta Air Lines and its competitors. Delta Air Lines's current Enterprise Value is $74,803 Mil. 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 $54.11, compared to a current price of $90.65 — trading 67.5% above its estimated fair value. The current Enterprise Value is $74,803 Mil. Delta Air Lines' overall GF Score™ is 79/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Delta Air Lines (DAL), the current Enterprise Value is $74,803 Mil as of Jun. 25, 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 $90.65 is trading 67.5% above its estimated GF Value™ of $54.11.
GuruFocus considers Delta Air Lines to be Significantly Overvalued.
Key valuation signals for DAL:
Enterprise Value: $74,803 Mil
GF Value™: $54.11 vs. price of $90.65 (67.5% above fair value)
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.
79GF Score
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