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Delta Air Lines (Delta Air Lines) PE Ratio (TTM) : 6.35 (As of Jun. 21, 2024)


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What is Delta Air Lines PE Ratio (TTM)?

The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2024-06-21), Delta Air Lines's share price is $49.42. Delta Air Lines's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2024 was $7.78. Therefore, Delta Air Lines's PE Ratio (TTM) for today is 6.35.


The historical rank and industry rank for Delta Air Lines's PE Ratio (TTM) or its related term are showing as below:

DAL' s PE Ratio (TTM) Range Over the Past 10 Years
Min: 2.38   Med: 9.53   Max: 324.64
Current: 6.35


During the past 13 years, the highest PE Ratio (TTM) of Delta Air Lines was 324.64. The lowest was 2.38. And the median was 9.53.


DAL's PE Ratio (TTM) is ranked better than
86.3% of 781 companies
in the Transportation industry
Industry Median: 14.5 vs DAL: 6.35

Delta Air Lines's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $0.06. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2024 was $7.78.

As of today (2024-06-21), Delta Air Lines's share price is $49.42. Delta Air Lines's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2024 was $6.20. Therefore, Delta Air Lines's PE Ratio without NRI for today is 7.97.

During the past 13 years, Delta Air Lines's highest PE Ratio without NRI was 99.52. The lowest was 2.97. And the median was 9.77.

Delta Air Lines's EPS without NRI for the three months ended in Mar. 2024 was $0.28. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2024 was $6.20.

During the past 12 months, Delta Air Lines's average EPS without NRI Growth Rate was 70.70% per year.

During the past 13 years, Delta Air Lines's highest 3-Year average EPS without NRI Growth Rate was 96.00% per year. The lowest was -57.40% per year. And the median was 5.85% per year.

Delta Air Lines's EPS (Basic) for the three months ended in Mar. 2024 was $0.06. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2024 was $7.84.


Delta Air Lines PE Ratio (TTM) Historical Data

The historical data trend for Delta Air Lines's PE Ratio (TTM) 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.

* Premium members only.

Delta Air Lines PE Ratio (TTM) Chart

Delta Air Lines Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PE Ratio (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.01 At Loss 88.82 15.95 5.61

Delta Air Lines Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
PE Ratio (TTM) 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 11.84 10.25 7.01 5.61 6.15

Competitive Comparison of Delta Air Lines's PE Ratio (TTM)

For the Airlines subindustry, Delta Air Lines's PE Ratio (TTM), along with its competitors' market caps and PE Ratio (TTM) 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's PE Ratio (TTM) Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Delta Air Lines's PE Ratio (TTM) distribution charts can be found below:

* The bar in red indicates where Delta Air Lines's PE Ratio (TTM) falls into.



Delta Air Lines PE Ratio (TTM) Calculation

The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Delta Air Lines's PE Ratio (TTM) for today is calculated as

PE Ratio (TTM)=Share Price/Earnings per Share (Diluted) (TTM)
=49.42/7.780
=6.35

Delta Air Lines's Share Price of today is $49.42.
Delta Air Lines's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $7.78.

* 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.

It can also be calculated from the numbers for the whole company:

PE Ratio (TTM)=Market Cap /Net Income

There are at least three kinds of PE Ratio (TTM)s used by different investors. They are Trailing Twelve Month PE Ratio (TTM) or PE Ratio (TTM) (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio (TTM) based on inflation-adjusted normalized PE Ratio (TTM) is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


Delta Air Lines  (NYSE:DAL) PE Ratio (TTM) Explanation

The PE Ratio (TTM) can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio (TTM) is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio (TTM) is positive. Also for stocks with the same PE Ratio (TTM), the one with faster growth business is more attractive.

If a company loses money, the PE Ratio (TTM) becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio (TTM) divided by the growth ratio. He thinks a company with a PE Ratio (TTM) equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio (TTM) of 20, instead of a company growing 10% a year with a PE Ratio (TTM) of 10.

Because the PE Ratio (TTM) measures how long it takes to earn back the price you pay, the PE Ratio (TTM) can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio (TTM) measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio (TTM) can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio (TTM)s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio (TTM) is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio (TTM) can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio (TTM).


Delta Air Lines PE Ratio (TTM) Related Terms

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Delta Air Lines (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.
Executives
David S Taylor director THE PROCTER & GAMBLE COMPANY, ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Joanne D Smith officer: EVP & Chief HR Officer C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
Steven M Sear officer: Pres. Int'l & EVP Global Sales C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
Peter W Carter officer: EVP and Chief Legal Officer C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
Michael P Huerta director 1800 M STREET NW SUITE 800, WASHINGTON DC 20036
Mike Spanos officer: EVP & Chief Operating Officer PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Vasant M Prabhu director C/O SAFEWAY INC, 5918 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Glen W Hauenstein officer: EVP-Network Plng & Rev Mgmt 1600 SMITH ST, HOUSTON TX 77002
William C Carroll officer: SVP, Finance & Controller C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
Francis S Blake director 2455 PACES FERRY RD, ATLANTA GA 30339
Edward H Bastian officer: President and CEO NWA C/O DELTA AIR LINES, INC., DEPT. 981, P.O. BOX 20574, ATLANTA GA 30320
Greg Creed director 1441 GARDINER LANE, LOUISVILLE KY 40213
Leslie D. Hale director 3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814
John E Laughter officer: EVP - Chief of Operations P.O. BOX 20574, C/O DELTA AIR LINES, INC. DEPT. 981, ATLANTA GA 30320
Daniel C. Janki officer: EVP & Chief Financial Officer 5020 WESTON PARKWAY, SUITE 400, CARY NC 27513