Delta Air Lines Inc (DAL) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Delta Air Lines Inc stock $101, price $89.24, upside +12.8%, quality 49 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Delta Air Lines Inc
DAL · USThe stock costs 11% less than our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $26.97 – $93.17 · fair‑value band $58.70 – $135.51 · the $89.24 price screens below the $100.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Company profile
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery.
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Its domestic network centered on core hubs in Atlanta, Detroit, Minneapolis-St. Paul, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Santiago (Chile), Sao Paulo, Seoul-Incheon, and Tokyo.
It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages. The company operates through a fleet of approximately 1,314 aircraft. Delta Air Lines, Inc. was founded in 1924 and is headquartered in Atlanta, Georgia.
Stock analysis
Delta Air Lines Inc (DAL) currently trades at $89.24, while our model-based Fair Value estimate is $100.66, implying the stock looks roughly 11% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $143.91 per share, and 16 of the 26 models we run sit above the $89.24 price.
Bear case: the Earnings-Based group reads lowest at $54.01, and 10 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $58.70 (bear) to $135.51 (bull), the price of $89.24 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 49/100 (below-average quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Delta Air Lines Inc reported revenue of $63.4B in FY2025 versus $29.9B in FY2021, a compound +20.7%/yr. Reported net income was $5.0B in FY2025, compounding +105.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap $58.6B Large · P/E ratio 17.8 · P/S ratio 0.82 · EPS (TTM) $5.01 · Dividend yield 0.9% · Net margin 4.6% · Return on equity 15.9% · Return on assets (EBIT) 6.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (medium confidence).
What moves the price
The share trades about 4% below its 52-week high and 62% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 0% fair-value upside, at 13%, DAL screens cheaper than that median.
Fair Value models
All 26 models by family
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 7 officers or directors sold shares worth $42.6M and none bought.
- SaleEdward H BastianChief Executive Officer, Director4× since Jan 15, 2026: 529,740 shares, avg. $80.40$42.6MOct 29, 2026
- SaleSteven M SearEVP - Global Sales & Distrib3× since Jan 14, 2026: 110,350 shares, avg. $80.31$8.9MAug 5, 2026
- SaleMichael P HuertaDirector3,100 shares at $94.12$291,772Aug 5, 2026
- SaleAlain BellemareEVP & Pres. - International5× since Jan 15, 2026: 151,833 shares, avg. $78.51$11.9MAug 4, 2026
- SalePeter W CarterPresident3× since Jan 15, 2026: 81,200 shares, avg. $82.95$6.7MAug 4, 2026
- SaleDavid G DewaltDirector31,756 shares at $90.85$2.9MAug 3, 2026
- SaleAllison C AusbandEVP & Chief People Officer2× since May 21, 2026: 24,710 shares, avg. $77.09$1.9MMay 27, 2026
- SaleJohn E LaughterEVP & Chief of Operations2× since Apr 10, 2026: 84,304 shares, avg. $68.77$5.8MApr 14, 2026
- SaleGlen W HauensteinPresident3× since Jan 14, 2026: 460,509 shares, avg. $73.24$33.7MFeb 9, 2026
- SaleRahul D SamantEVP & Chief Info Officer2× since Jan 14, 2026: 119,531 shares, avg. $69.89$8.4MFeb 5, 2026
Plus 2 more entries from the last 12 months.
Plus 17 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
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.
Source: SEC Form 4, as of Nov 4, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
Watch DAL, get fair value alerts →
Recent news
- Is Delta Air Lines (DAL) Fully Valued After Fresh Earnings Estimate Cuts?
- Should Earnings Cut Require Action From Delta Stock Investors?
Compare Delta Air Lines Inc with another stock
Price, fair value, quality and upside side by side.
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
Valuation Multiplesvs Airlines median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Return on assets by industry
- Fair value gap by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Airlines stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| InterGlobe Aviation Limited INDIGO | ₹5,420 | ₹11,831 | +118% | vs DAL |
| Ryanair Holdings RYA | €24.98 | €36.70 | +47% | vs DAL |
| Deutsche Lufthansa AG LHA | €8.19 | €10.00 | +22% | vs DAL |
| Singapore Airlines Limited C6L | 7.03 SGD | 7.88 SGD | +12% | vs DAL |
| Qantas Airways Limited QAN | A$9.45 | A$9.48 | +0% | vs DAL |
| United Airlines Holdings UAL | $115.76 | $115.71 | +0% | vs DAL |
| LATAM Airlines Group LTM | $47.07 | $37.38 | −21% | vs DAL |
| Cathay Pacific Airways Limited 0293 | HK$15.05 | HK$11.32 | −25% | vs DAL |
| China Southern Airlines Company 600029 | ¥5.25 | ¥3.44 | −34% | vs DAL |
| Southwest Airlines Co LUV | $46.42 | $22.81 | −51% | vs DAL |
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