Delta Air Lines (BSP:DEAI34) ROCE %: 16.32% (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:DEAI34 Delta Air Lines Inc BSP:DEAI34
75 GF Score
Price R$446.00
GF Value R$299.92
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Delta Air Lines ROCE %?

Delta Air Lines BSP:DEAI34 75 ROCE % is 16.32% as of Jun. 2026. GuruFocus rates BSP:DEAI34 with a GF Score™ of 75/100 and a GF Value™ of R$299.92 (Significantly Overvalued). The stock has 6 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Delta Air Lines's annualized ROCE % for the quarter that ended in Jun. 2026 was 16.32%.

Delta Air Lines  (BSP:DEAI34) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Delta Air Lines ROCE % Related Terms

Delta Air Lines ROCE % Historical Data

* Premium members only.

The historical data trend for Delta Air Lines's ROCE % 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 ROCE % Chart

Delta Air Lines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.27 5.78 13.30 12.48 12.69

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
ROCE % 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 22.12 15.14 12.83 -0.47 16.32
BSP:DEAI34
75GF Score
Delta Air Lines Inc BSP:DEAI34
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Delta Air Lines ROCE % Calculation

Delta Air Lines's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=37447.925/( ( (459844.572 - 162713.67) + (443641.157 - 150708.257) )/ 2 )
=37447.925/( (297130.902+292932.9)/ 2 )
=37447.925/295031.901
=12.69 %

Delta Air Lines's ROCE % of for the quarter that ended in Jun. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=44128.748/( ( (441540.358 - 171002.69) + (442317.436 - 172190.256) )/ 2 )
=44128.748/( ( 270537.668 + 270127.18 )/ 2 )
=44128.748/270332.424
=16.32 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

* 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 ROCE % →
What does a ROCE % of 16.32% mean?
Delta Air Lines (BSP:DEAI34) has a ROCE % of 16.32% as of Jun. 2026.
Is Delta Air Lines' ROCE % too high?
Delta Air Lines' current ROCE % is 16.32%. The Transportation industry median ROCE % is 7.73. Delta Air Lines' value of 16.32% is 111.1% above this industry median. Overall, Delta Air Lines has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delta Air Lines' ROCE % compare to UAL and LUV?
Delta Air Lines' ROCE % of 16.32% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.73. Delta Air Lines' value of 16.32% is 111.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Transportation company?
The median ROCE % among Transportation companies is 7.73, based on 990 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Delta Air Lines's current ROCE % of 16.32% is 111.1% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median ROCE % is 7.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Air Lines's current ROCE % is 16.32%. 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 (BSP:DEAI34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$299.92, compared to a current price of R$446.00 — trading 48.7% above its estimated fair value. The current ROCE % is 16.32% and 111.1% above the Transportation industry median of 7.73. Delta Air Lines' overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Delta Air Lines (BSP:DEAI34), the current ROCE % is 16.32% as of Jun. 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 (BSP:DEAI34) Overvalued in 2026?

Based on GuruFocus' analysis, Delta Air Lines stock appears to be overvalued. The current stock price of R$446.00 is trading 48.7% above its estimated GF Value™ of R$299.92. GuruFocus considers Delta Air Lines to be Significantly Overvalued.

Key valuation signals for BSP:DEAI34:

  • ROCE %: 16.32%
  • GF Value™: R$299.92 vs. price of R$446.00 (48.7% above fair value)
  • GF Score™: 75/100 with 6 warning signs
  • Industry Position: 111.1% above the Transportation median

No single metric tells the full story. See the BSP:DEAI34 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.
75GF Score

Get the complete analysis for BSP:DEAI34

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

R$446.00
Price
R$299.92
GF Value