Delta Air Lines, Inc. (DAL)

NYSE · Industrials · market cap 54.19B

Share price

$79.43

At the last nightly close

Intrinsic value

$88.70

Range $75.17 – $137.51 — the conservative figure is the low end.

Margin of safety

+11.7%

($88.70 − $79.43) ÷ $79.43

EV / EBIT

12.9

On the median operating profit of 15 fiscal years through 2025.

How these numbers are computed

The valuations are calculated in Python from filed accounts, not written by a language model. Three methods run side by side: earnings power value, which capitalises a normalised operating profit; a free-cash-flow model; and the Graham Number as an asset-side cross-check. The conservative figure above is the low end of what they agree on.

The frame gives no credit for growth. A company that compounds will therefore read as expensive against it — that is deliberate. It is a price-discipline floor, not a price target, and it is not a view on what the shares will do.

The EV/EBIT ranking uses the median operating profit of up to fifteen fiscal years — a full cycle — where the free screeners use the last twelve months. When the data cannot support a method, the figure reads n/a rather than a number: a free-cash-flow valuation on a bank, a PEG on erratic earnings, a multiple on a company with no operating profit to speak of.

Fundamentals from SEC EDGAR. Prices, market data and technicals from yfinance. Valuation computed 2026-09-13.

Key metrics

Price / earnings13.2
Price / book2.4
EV / EBITDA9.0
FCF / EV+2.8%
Return on equity+20.1%
Return on assets+4.0%
Debt / equity0.97
Gross margin+18.7%

Market position

52-week high$93.43
52-week low$55.22
From 52-week high-15.0%
RSI (14)43.9
200-day moving average$75.80

Annual financials

PeriodRevenueOperating incomeNet incomeEPSFree cash flow
2025-FY63.36B5.82B5.00B7.723.84B
2024-FY61.64B6.00B3.46B5.392.88B
2023-FY58.05B5.52B4.61B7.211.14B
2022-FY50.58B3.66B1.32B2.07-3.0M
2021-FY29.90B1.89B280.0M0.4417.0M

Filed figures from SEC EDGAR, in the reporting currency.

Next earnings

Q4 2026 expectedOctober 8, 2026
Consensus EPS estimate2.02

Recent news

The figures above are the arithmetic. To see what a board of eight AI agents makes of them — macro, sector, filings, news and a devil's advocate whose only job is to attack the thesis — run the full analysis on DAL.

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This page presents computed figures and filed financial data for information only. It is not investment advice, not a recommendation to buy or sell any security, and not a statement about what these shares will do. Sperio is a research tool, not an investment adviser. Figures are derived automatically from public filings and market data and may be incomplete, out of date or wrong. See the Terms & Disclaimer.