Delta Air Lines (DAL)
NYSEIndustrialsAirlines, Airports & Air ServicesSnapshot 2026-09-04
$80.17+1.80%
Close 2026-09-04 · 1-day change
NYSEIndustrialsAirlines, Airports & Air ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · DAL
Price, fair value, and the multiples that frame it on the same time axis. Scroll over the price chart to zoom.
Daily closes. Earnings/event dots inline.
A consensus fair price across 13 valuation methods, at three horizons. As of 2026-09-06. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $80 DAL trades at 15× p/e, below its 24× p/e peer median. Our $126 fair value sits well above the price. We hold it with medium confidence: quality doesn't explain valuation multiples in this sub-industry, so the peer comparison is a weak guide. Analysts target $88–$125. Note: our $126 fair value sits above the entire analyst range ($88–$125). Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Score 100 = cheapest in the cohort, 0 = richest. Bars are filled left-to-right based on the peer-relative score (or PEG/self-history where shown).
Each method's implied share price per horizon. Provisional rows use a projected (historical-CAGR) growth input rather than analyst or management guidance.
| Method | Horizon | Est. price | Multiple | Per-share input | EPS source | Confidence |
|---|---|---|---|---|---|---|
| analyst target | 12M | $105.50 | — | — | Analyst | high |
| dcf fcfe | 12M | $143.05 | — | — | Hist. CAGR | high |
| dcf fcff | 12M | $261.90 | — | — | Hist. CAGR | high |
| ddm gordon | 12M | $9.65 | — | — | TTM | high |
| graham number | 12M |
A “consensus-then vs. actual-now” overlay is on the way — what our valuation estimate said on a past date versus where the price actually landed.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
$88.00 – $125.00 (median $105.50) · 18 analysts · as of 2026-08-24
No fragility gates fired. Regime (Mania) does not concentrate fragility.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
At today's price you pay about 65% over what the business is worth with no growth; closing that gap needs roughly — years of the forecast growth to come through. These describe the expectations embedded in the price, not a forecast of the move. Reverse-DCF base: $2.91/sh owner earnings.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Trailing four: 2025-Q2, 2025-Q3, 2026-Q1, 2026-Q2
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
| $63.82 |
| — |
| — |
| TTM |
| high |
| Mgmt guidance | 12M | $167.66 | 24.0 | 7.00 | Mgmt | high |
| Peer EV/EBITDA | 12M | $186.79 | 15.4 | 13.16 | TTM | high |
| Peer P/FCF | 12M | $123.97 | 22.2 | 5.57 | TTM | high |
| Peer P/E | 12M | $137.80 | 19.3 | 7.12 | ntm analyst | high |
| Peer P/S | 12M | $168.72 | 1.6 | 103.78 | TTM | high |
| PEG | 12M | $232.09 | 34.1 | 6.81 | TTM | high |
| residual income | 12M | $41.58 | — | — | TTM | high |
| triangulated | 12M | $134.31 | 24.0 | 5.61 | Triangulated | high |
| Mgmt guidance | 3Y | $483.59 | 24.0 | 20.19 | Mgmt(prov.) | medium |
| Peer P/FCF | 3Y | $188.54 | 22.2 | 8.48 | Hist. CAGR(prov.) | medium |
| Peer P/E | 3Y | $102.29 | 19.3 | 5.29 | Analyst | medium |
| Peer P/S | 3Y | $100.53 | 1.6 | 61.84 | guidance | medium |
| PEG | 3Y | $180.32 | 34.1 | 5.29 | Analyst | medium |
| Peer P/FCF | 5Y | $249.35 | 22.2 | 11.21 | Hist. CAGR(prov.) | medium |
| Peer P/E | 5Y | $55.61 | 19.3 | 2.88 | Analyst | medium |
| Peer P/S | 5Y | $54.66 | 1.6 | 33.62 | guidance | medium |
| PEG | 5Y | $98.03 | 34.1 | 2.88 | Analyst | medium |