DELTA AIR LINES, INC. (DAL)
Air Transportation, Scheduled
Latest Price
$87.44
TTM P/E
14.52
Normalized P/E
17.15
Div Yield
0.43%
Book Value
33.41
P/B Ratio
2.62
Valuation metrics
adjust assumptions →EPS: $7.66
Book value / share: $31.89
Formula: √(22.5 × EPS × BVPS)
Graham Number
$74.13
15% downside
Norm. op. income: $5.5B (median of 7yr)
Tax rate: 24%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$50.03
43% downside
Base FCF: $2.0B (median of recent 5yr)
Growth: 25%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$215.31
+146% upside
EPS: $7.66
Target P/E: 17×
Formula: EPS × P/E
P/E Fair Value
$130.22
+49% upside
Institutional Ownership
90.4% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 45.54M | $3.03B | 6.96% | -1.64M | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 41.94M | $2.79B | 6.41% | -- | 2026-03-31 |
| Berkshire Hathaway Inc | 39.81M | $2.65B | 6.09% | -- | 2026-03-31 |
| Sanders Capital, LLC | 29.47M | $1.96B | 4.51% | -110.7K | 2026-03-31 |
| FMR LLC | 27.50M | $1.83B | 4.21% | +93.2K | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 27.38M | $1.82B | 4.19% | -- | 2026-03-31 |
| STATE STREET CORP | 23.46M | $1.56B | 3.59% | +296.5K | 2026-03-31 |
| Capital International Investors | 20.57M | $1.37B | 3.15% | -3.64M | 2026-03-31 |
| HARRIS ASSOCIATES L P | 18.00M | $1.20B | 2.75% | -1.66M | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 17.97M | $1.20B | 2.75% | +556.7K | 2026-03-31 |