DAL (Delta Air Lines) Shiller PE Ratio: (As of Sep. 21, 2026)

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DAL Delta Air Lines Inc DAL
82 GF Score
Price $82.50
GF Value $58.70
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Delta Air Lines Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


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

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Delta Air Lines Shiller PE Ratio Related Terms


Delta Air Lines Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Delta Air Lines's Shiller PE Ratio 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 Shiller PE Ratio Chart

Delta Air Lines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.38 10.40 17.00 21.12 23.65

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
Shiller PE Ratio 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 16.71 19.20 23.42 23.68 33.43

DAL vs UAL, LUV, AAL: Shiller PE Ratio Comparison

For the Airlines subindustry, Delta Air Lines's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Transportation Industry

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

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


DAL
82GF Score
Delta Air Lines Inc DAL
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Delta Air Lines Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Delta Air Lines's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Delta Air Lines's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.4377/333.9520*333.9520
=2.438

Current CPI (Jun. 2026) = 333.9520.

Delta Air Lines Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 1.690 241.428 2.338
201612 0.840 241.432 1.162
201703 0.770 243.801 1.055
201706 1.620 244.955 2.209
201709 1.610 246.819 2.178
201712 0.800 246.524 1.084
201803 0.790 249.554 1.057
201806 1.490 251.989 1.975
201809 1.922 252.439 2.542
201812 1.490 251.233 1.981
201903 1.090 254.202 1.432
201906 2.210 256.143 2.881
201909 2.307 256.759 3.001
201912 1.707 256.974 2.218
202003 -0.838 258.115 -1.085
202006 -9.003 257.797 -11.663
202009 -8.471 260.280 -10.869
202012 -1.189 260.474 -1.524
202103 -1.851 264.877 -2.333
202106 1.016 271.696 1.248
202109 1.891 274.310 2.302
202112 -0.641 278.802 -0.767
202203 -1.476 287.504 -1.714
202206 1.147 296.311 1.292
202209 1.084 296.808 1.220
202212 1.292 296.797 1.453
202303 -0.568 301.836 -0.629
202306 2.846 305.109 3.115
202309 1.721 307.789 1.867
202312 3.163 306.746 3.444
202403 0.057 312.332 0.061
202406 2.014 314.175 2.141
202409 1.966 315.301 2.082
202412 1.293 315.605 1.368
202503 0.368 319.799 0.384
202506 3.267 322.561 3.382
202509 2.167 324.800 2.228
202512 1.858 324.054 1.915
202603 -0.443 330.213 -0.448
202606 2.438 333.952 2.438

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

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 $82.50 is trading 40.5% above its estimated GF Value™ of $58.70. GuruFocus considers Delta Air Lines to be Significantly Overvalued.

Key valuation signals for DAL:

  • Shiller PE Ratio:
  • GF Value™: $58.70 vs. price of $82.50 (40.5% above fair value)
  • GF Score™: 82/100 with 4 warning signs

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.


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.
82GF Score

Get the complete analysis for DAL

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

$82.50
Price
$58.70
GF Value