SkyWest Inc (SKYW) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of SkyWest Inc stock $63.72, price $79.38, that is 19.7% below the price, quality 63 out of 100. Rating: overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $14.87 – $123.72 · fair‑value band $30.90 – $106.98 · the $79.38 price screens above the $63.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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SkyWest, Inc., through its subsidiaries, engages in the operation of a regional airline in the United States. It operates through SkyWest Airlines and SWC; and SkyWest Leasing segments.
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The company is also involved in leasing regional jet aircraft and spare engines to third parties and provision of on-demand charter service, airport customer service, and ground handling services for other airlines.
As of December 31, 2025, its fleet consisted of 637 aircraft, including 487 aircraft in scheduled service and air freight services with approximately 2,260 total daily departures to various destinations in the United States, Canada, and Mexico.
SkyWest, Inc. was incorporated in 1972 and is headquartered in Saint George, Utah.
Stock analysis
SkyWest Inc (SKYW) currently trades at $79.38, while our model-based Fair Value estimate is $63.72, 20% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $209.31 per share, and 20 of the 24 models we run sit above the $79.38 price.
Bear case: the Asset-Based group reads lowest at $46.29, and 4 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $30.90 (bear) to $106.98 (bull), the price of $79.38 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
SkyWest Inc reported revenue of $4.1B in FY2025 versus $2.7B in FY2021, a compound +10.6%/yr. Reported net income was $428M in FY2025, compounding +39.9%/yr from FY2021.
Key figures
Market cap $3.2B Mid · P/E ratio 7.9 · P/S ratio 0.76 · EPS (TTM) $10.06 · Net margin 9.8% · Return on equity 15.3% · Return on assets (EBIT) 4.6% (5-year average) · Operating margin 14.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 32% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 15% fair-value upside, at −20%, SKYW screens richer than that median.
Fair Value models
Bear$30.90Fair Value $63.72Bull$106.98
Price $79.38 · Downside -19.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($8.60 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF$47.24$92.80$156.0478
Growth DCF$47.37$86.14$136.1677
EPV$54.38$67.86$79.1274
All 24 models by family
DCF Models
FCF DCF$47.24$92.80$156.0478
Owner Earnings$12.28$40.27$79.1371
5Y Revenue Exit$66.99$140.35$235.6570
5Y EBITDA Exit$123.14$247.87$396.9173
5Y P/E Exit$84.36$173.60$269.3869
10Y Revenue Exit$54.39$116.20$202.2364
10Y EBITDA Exit$91.01$185.63$317.7166
10Y P/E Exit$68.07$137.67$226.3862
Earnings-Based
Graham-Dodd$73.44$256.19$344.3864
Lynch FV$59.57$85.10$110.6461
PEG = 1.0$59.57$85.10$110.6457
EPV$54.38$67.86$79.1274
Multiples
P/E Multiple$170.10$226.80$283.5063
P/S Multiple$137.70$183.60$229.5058
P/B Multiple$67.15$89.54$111.9255
EV/EBIT$138.31$204.52$270.7365
EV/EBITDA$181.18$261.68$342.1867
EV/Revenue$68.61$123.87$179.1252
Asset-Based
NCAV (Graham)$34.54$46.29$69.0854
Growth DCF
Growth DCF$47.37$86.14$136.1677
Rev-Margin DCF$66.99$139.55$225.3770
Economic Profit
Residual Income$66.50$81.52$115.7370
ROIC Compounder$54.38$67.86$88.7972
Growth Earnings
Growth-Adj P/E$146.52$209.31$272.1167
The fair value above starts from this blend and is adjusted for a cyclical peak year.
In the last 6 months, 4 officers or directors sold shares worth $12.9M and none bought.
SaleWade J SteelCHIEF COMMERCIAL OFFICER3× since Feb 18, 2026: 50,000 shares, avg. $108.84$5.4MAug 3, 2026
SaleGreg WooleyEXEC VP OPERATIONS17,726 shares at $108.55$1.9MJul 30, 2026
SaleRobert J SimmonsCHIEF FINANCIAL OFFICER25,000 shares at $110.49$2.8MJul 29, 2026
SaleRussell A ChildsPRESIDENT & CEO, Director50,500 shares at $113.22$5.7MJul 28, 2026
SaleMeredith Siegfried MaddenDirector4,725 shares at $106.54$503,402Dec 11, 2025
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+15.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.8%
Start year 2020 (pandemic). Over 10 years: +2.7% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.7%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+49.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+49.7%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.18.6% vs 16.4%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 15%
2025 sits 618% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+9.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +6.8% a year for the price and +3.0% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (80 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Operational stability through contract-driven block-hour growth forms the main strength, while the limited durable moat leaves the business exposed to competitive pressures.
Main risk: Rising fuel costs that have already forced peers to cut profit outlooks threaten to squeeze operating margins through higher partner expenses.
SkyWest is adding new E175 aircraft under expanded contracts with American, United and Delta as it shifts its fleet toward dual-class planes. Block-hour production continues to grow with partner demand, but maintenance costs are expected to run higher through the rest of the year. Will the efficiency gains from these upgrades more than offset the added expenses?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Airlines · 52 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside−19.7% · Bottom 25%
Profitability
Return on equity (12 months)15.3% · Above median
Return on assets5.8% · Above median
Net margin (12 months)9.8% · Top 25%
Operating margin (12 months)14.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)6.5% · Bottom 25%
Balance sheet
Debt / equity0.67× · Above median
Valuation Multiplesvs Airlines median · lower = cheaper
P/E (12 months)7.9× · Cheapest 25%
P/B1.16× · Cheapest 25%
P/S (12 months)0.76× · Pricier than median
Price / free cash flow (fiscal year)11.1× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "SkyWest Inc Fair Value". https://www.fairvalue-calculator.com/stock/SKYW
Frequently asked questions
Is SkyWest Inc (SKYW) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $63.72 versus a price of $79.38, about 20% lower (overvalued).
What is the fair value of SKYW?
Our model-based fair value for SkyWest Inc is $63.72 (as of Nov 7, 2026), built from audited fundamentals. The current price: $79.38.
What is the quality score of SKYW?
SkyWest Inc has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for SkyWest Inc (SKYW)?
Our model-based price target is the fair value of $63.72 (as of Nov 7, 2026) from 24 valuation models. Cautious scenario $30.90, optimistic scenario $106.98. It is a calculation from audited fundamentals, not an analyst target.
What is the SkyWest Inc stock forecast for 2026?
Our models put fair value at $63.72, about 20% lower versus a price of $79.38 (overvalued). Cautious scenario $30.90, optimistic scenario $106.98. The calculation is refreshed regularly with new filings.
What is the revenue of SkyWest Inc (SKYW)?
SkyWest Inc reported trailing-twelve-month revenue of about $4.2B (latest available figure, as of Nov 7, 2026).
What growth is priced into SkyWest Inc (SKYW)?
For today's price to be fair in a discounted-cash-flow model, SkyWest Inc would have to grow free cash flow by +9.3 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.8 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of SKYW use?
Our models discount SkyWest Inc at 10.9 %: a base by market capitalisation (mid), damped by beta 1.48, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For SkyWest Inc that is +9.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has SkyWest Inc (SKYW) delivered so far?
Over the past 5 years revenue at SkyWest Inc grew +13.8 % a year. The price currently implies free-cash-flow growth of +9.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of SkyWest Inc (SKYW) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into SkyWest Inc (+9.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SkyWest Inc (SKYW)?
The free-cash-flow yield on the price is 9.01 %: that much free cash flow SkyWest Inc produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SkyWest Inc (SKYW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SkyWest Inc it is $63.72 per share (as of Nov 7, 2026), against a price of $79.38. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is SkyWest Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, SKYW trades above its calculated fair value: price $79.38, fair value $63.72, a gap of about −20% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SKYW?
No. The price is what the market pays today ($79.38); the fair value is what the company's own numbers justify ($63.72). For SkyWest Inc the two are $15.66 per share apart. That gap is exactly why we show both numbers side by side.
How much is SkyWest Inc worth?
The market values SkyWest Inc at about $3.2B (market capitalisation, as of Nov 7, 2026). Per share that is $79.38; our models calculate a fair value of $63.72 per share.
What do the bullish and bearish scenarios say about SKYW?
Our models span a range for SkyWest Inc: cautious scenario $30.90, base $63.72, optimistic $106.98 per share (as of Nov 7, 2026, price $79.38). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SKYW?
SkyWest Inc trades at a price-to-earnings ratio of 7.9 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $63.72 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings, FY2025 ex one-offs: 10.6. Other multiples: PEG 1.7, P/B 1.2, P/S 0.8, EV/EBITDA 5.1.
What is the PEG ratio of SKYW?
The PEG ratio of SkyWest Inc is 1.66 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of SkyWest Inc (SKYW)?
Balance-sheet figures for SkyWest Inc (as of Nov 7, 2026): return on equity 15.3%, debt of 0.67 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is SKYW from its 52-week high?
SkyWest Inc trades at $79.38, about 32% below its 52-week high of $115.94 and 2% above the low of $77.70 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $63.72 is for.
Which stocks are comparable to SkyWest Inc?
From the same area (Industrials) we also value Delta Air Lines, Inc, United Airlines Holdings, Ryanair Holdings, InterGlobe Aviation Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SkyWest Inc stock attractive at the current price?
The data as of Nov 7, 2026: price $79.38, calculated fair value $63.72 (−20%), Quality Score 63/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SKYW calculated?
We run SkyWest Inc through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $63.72 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. SkyWest Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of SkyWest Inc (SKYW)?
The closing price on Nov 6, 2026 was $79.38. Our model-based fair value is $63.72, about 20% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SkyWest Inc right now?
The model range is unusually wide ($30.90 to $106.98). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of SkyWest Inc
How large is the market capitalisation of SkyWest Inc (SKYW)?
The market capitalisation of SkyWest Inc is $3.2B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of SkyWest Inc (SKYW)?
The price-to-sales ratio of SkyWest Inc is 0.76 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SkyWest Inc (SKYW)?
Earnings per share at SkyWest Inc are $10.06 (price ÷ EPS = P/E 7.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of SkyWest Inc (SKYW)?
The net margin of SkyWest Inc is 9.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of SkyWest Inc (SKYW)?
The return on equity (ROE) of SkyWest Inc is 15.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of SkyWest Inc (SKYW)?
On an EBIT basis the return on assets of SkyWest Inc is 4.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SkyWest Inc (SKYW)?
The operating margin of SkyWest Inc is 14.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SkyWest Inc (SKYW)?
Revenue at SkyWest Inc is growing +6.5% versus a year earlier (3y avg +10.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at SkyWest Inc (SKYW)?
Earnings per share at SkyWest Inc are growing −12.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SkyWest Inc (SKYW) carry?
The net debt of SkyWest Inc is $2.4B (fiscal year 2025, ≈ 8.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 7, 2026