P/E ratio for Delta Air Lines (DAL)
P/E ratio as of May 2024 (TTM): 9.96
According to Delta Air Lines's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.96053. At the end of 2022 the company had a P/E ratio of 16.0.
P/E ratio history for Delta Air Lines from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 16.0 | -82.45% |
| 2021 | 90.9 | -4509.7% |
| 2020 | -2.06 | -125.9% |
| 2019 | 7.96 | -9.11% |
| 2018 | 8.75 | -29.61% |
| 2017 | 12.4 | 46.89% |
| 2016 | 8.47 | -4.96% |
| 2015 | 8.91 | -86.05% |
| 2014 | 63.9 | 2795.32% |
| 2013 | 2.21 | -77.69% |
| 2012 | 9.89 | 25.94% |
| 2011 | 7.85 | -56.36% |
| 2010 | 18.0 | -335.68% |
| 2009 | -7.64 | 1172.26% |
| 2008 | -0.6003 | -134.51% |
| 2007 | 1.74 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Alaska Airlines
ALK | 34.8 | 249.71% | 🇺🇸 USA |
 American Airlines AAL | 5.88 | -40.98% | 🇺🇸 USA |
 Southwest Airlines LUV | 34.0 | 241.11% | 🇺🇸 USA |
 United Airlines Holdings
UAL | 6.25 | -37.22% | 🇺🇸 USA |
 SkyWest SKYW | -160 | -1,709.12% | 🇺🇸 USA |
 Jetblue Airways
JBLU | -10.4 | -204.70% | 🇺🇸 USA |
 Allegiant Air
ALGT | 5.40 | -45.75% | 🇺🇸 USA |
 Spirit Airlines
SAVE | -0.7857 | -107.89% | 🇺🇸 USA |
 Hawaiian Airlines HA | -3.35 | -133.60% | 🇺🇸 USA |
 China Eastern Airlines
600115.SS | -2.19 | -122.03% | 🇨🇳 China |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.