P/E ratio for Delta Air Lines (DAL)
P/E ratio as of February 2023 (TTM): 19.4
According to Delta Air Lines's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.3689. At the end of 2021 the company had a P/E ratio of 90.9.
P/E ratio history for Delta Air Lines from 2007 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 90.9 | -4509.7% |
| 2020 | -2.06 | -125.9% |
| 2019 | 7.96 | -9.75% |
| 2018 | 8.82 | -28.01% |
| 2017 | 12.2 | 44.65% |
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Alaska Airlines
ALK | 128 | 558.64% | 🇺🇸 USA |
 American Airlines AAL | -6.85 | -135.37% | 🇺🇸 USA |
 Southwest Airlines LUV | 26.3 | 35.78% | 🇺🇸 USA |
 United Airlines Holdings
UAL | 23.2 | 19.91% | 🇺🇸 USA |
 SkyWest SKYW | 8.86 | -54.24% | 🇺🇸 USA |
 Jetblue Airways
JBLU | -5.80 | -129.94% | 🇺🇸 USA |
 Allegiant Air
ALGT | -46.7 | -341.05% | 🇺🇸 USA |
 Spirit Airlines
SAVE | -5.86 | -130.28% | 🇺🇸 USA |
 Hawaiian Airlines HA | -2.25 | -111.60% | 🇺🇸 USA |
 China Eastern Airlines
CEA | -2.89 | -114.94% | 🇨🇳 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.