Jet2 PLC (JET2) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Jet2 PLC £42.96, price £14.32, upside +200.0%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range £6.39 – £19.06 · fair‑value band £30.07 – £55.85 · the £14.32 price screens below the £42.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 1, 2026.
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Jet2 plc, together with its subsidiaries, engages in the leisure travel business in the United Kingdom. The company operates scheduled holiday flights and packaged holidays to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities.
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Jet2 plc, together with its subsidiaries, engages in the leisure travel business in the United Kingdom. The company operates scheduled holiday flights and packaged holidays to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in the sale of non-ticket ancillary products; passenger and charter aircraft operations; and other value added products. As of March 31, 2025, the company's fleet consisted of 135 aircraft. In addition, it engages in aircraft leasing; and provides financing and aviation services. The company operates under the Jet2holidays, Jet2.com, Jet2CityBreaks, Indulgent Escapes, Vibe by Jet2holidays, and Jet2Villas brands. The company was formerly known as Dart Group PLC and changed its name to Jet2 plc in September 2020. Jet2 plc was founded in 1971 and is headquartered in Leeds, the United Kingdom.
Stock analysis
Jet2 PLC (JET2) currently trades at £14.32, while our model-based Fair Value estimate is £42.96, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of £85.38 per share, and 23 of the 26 models we run sit above the £14.32 price.
Bear case: the Asset-Based group reads lowest at £7.64, and 3 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: £30.07 (bear) to £55.85 (bull), the price of £14.32 sits below 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 54/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Jet2 PLC reported revenue of £7.5B in FY2026 versus £1.2B in FY2022, a compound +57.0%/yr. Reported net income was £411M in FY2026.
Key figures
Market cap 2.8B GBX · P/E ratio 6.9 · P/S ratio 0.38 · EPS (TTM) £2.08 · Dividend yield 1.2% · Net margin 5.5% · Return on equity 22.4% · Return on assets (EBIT) 4.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
Analysts expect earnings well below the last reported figure (earnings in transition, for example expiring patents or contracts); a fair value that looks fair on trailing earnings may then be too optimistic.
The share trades about 9% below its 52-week high and 38% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 200%, JET2 screens cheaper than that median.
Fair Value models
Bear £30.07Fair Value £42.96Bull £55.85
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (£0.9754 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.Evidence ⓘEvidence = 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.
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.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+4.3%
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.
+14.1%
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.
+19.8%
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What shareholders gained per year (last 5 years) ⓘ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.
+23.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.8%
Dividend (yield on the price)1.2%
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.21.8% vs 15.0%, picking up
Profit margin 2021 to 2026 ⓘ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.−85% → 6%
Start year 2021 (pandemic)
Growth Forecast
Little optimism in the price
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).
less than -40 %
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.
+8.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +6.0% a year for the forecasts.
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.Travel Services · 84 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (TTM)22.4% · Above median
Return on assets4.3% · Above median
Net margin (TTM)5.5% · Above median
Operating margin (TTM)−12.9% · Bottom 25%
Growth and dividend
Revenue growth2.5% · Below median
Dividend yield (TTM)1.2% · Below median
Balance sheet
Debt / equity0.26× · Above median
Valuation Multiplesvs Travel Services median · lower = cheaper
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). "Jet2 PLC Fair Value". https://www.fairvalue-calculator.com/stock/JET2
Frequently asked questions
Is Jet2 PLC (JET2) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of £42.96 versus a price of £14.32, about +200% upside (undervalued).
What is the fair value of JET2?
Our model-based fair value for Jet2 PLC is £42.96 (as of Oct 1, 2026), built from audited fundamentals. The current price: £14.32.
What is the quality score of JET2?
Jet2 PLC has a Quality Score of 54/100. 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 Jet2 PLC (JET2)?
Our model-based price target is the fair value of £42.96 (as of Oct 1, 2026) from 26 valuation models. Cautious scenario £30.07, optimistic scenario £55.85. It is a calculation from audited fundamentals, not an analyst target.
What is the Jet2 PLC stock forecast for 2026?
Our models put fair value at £42.96, about +200% upside versus a price of £14.32 (undervalued). Cautious scenario £30.07, optimistic scenario £55.85. The calculation is refreshed regularly with new filings.
What is the revenue of Jet2 PLC (JET2)?
Jet2 PLC reported trailing-twelve-month revenue of about £7.5B (latest available figure, as of Oct 1, 2026).
Does Jet2 PLC pay a dividend?
Jet2 PLC currently shows a dividend yield of about 1.16% relative to its recent price (as of Oct 1, 2026).
What growth is priced into Jet2 PLC (JET2)?
For today's price to be fair in a discounted-cash-flow model, Jet2 PLC would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 10.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +80.1 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of JET2 use?
Our models discount Jet2 PLC at 10.8 %: a base by market capitalisation (mid), damped by beta 1.18, country premium for United Kingdom. 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 Jet2 PLC that is less than minus 40 % per year a year over ten years, using the same discount rate (10.8 %) and the same formula as our fair value.
How much growth has Jet2 PLC (JET2) delivered so far?
Over the past 5 years revenue at Jet2 PLC grew +80.1 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a 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 Jet2 PLC (JET2) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Jet2 PLC (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Jet2 PLC (JET2)?
The free-cash-flow yield on the price is 17.54 %: that much free cash flow Jet2 PLC produces per unit of market value. When it exceeds the discount rate of our models (10.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Jet2 PLC (JET2)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jet2 PLC it is £42.96 per share (as of Oct 1, 2026), against a price of £14.32. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Jet2 PLC stock overvalued or undervalued in 2026?
As of Oct 1, 2026, JET2 trades below its calculated fair value: price £14.32, fair value £42.96, a gap of about +200% (undervalued). 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 JET2?
No. The price is what the market pays today (£14.32); the fair value is what the company's own numbers justify (£42.96). For Jet2 PLC the two are £28.64 per share apart. That gap is exactly why we show both numbers side by side.
How much is Jet2 PLC worth?
The market values Jet2 PLC at about 2.8B GBX (market capitalisation, as of Oct 1, 2026). Per share that is £14.32; our models calculate a fair value of £42.96 per share.
What do the bullish and bearish scenarios say about JET2?
Our models span a range for Jet2 PLC: cautious scenario £30.07, base £42.96, optimistic £55.85 per share (as of Oct 1, 2026, price £14.32). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of JET2?
Jet2 PLC trades at a price-to-earnings ratio of 6.9 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £42.96 is built from several models across several years. Other multiples: P/B 1.4, P/S 0.4.
How solid is the balance sheet of Jet2 PLC (JET2)?
Balance-sheet figures for Jet2 PLC (as of Oct 1, 2026): return on equity 22.4%, debt of 0.26 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is JET2 from its 52-week high?
Jet2 PLC trades at £14.32, about 9% below its 52-week high of £15.80 and 38% above the low of £10.41 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of £42.96 is for.
Which stocks are comparable to Jet2 PLC?
From the same area (Consumer Cyclical) we also value Booking Holdings, Airbnb, Inc, Royal Caribbean Cruises Ltd, Viking Holdings, 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 Jet2 PLC stock attractive at the current price?
The data as of Oct 1, 2026: price £14.32, calculated fair value £42.96 (+200%), Quality Score 54/100, from 26 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 JET2 calculated?
We run Jet2 PLC through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £42.96, 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 14.5 % above its aggregate fair value. Jet2 PLC currently trades 67 % below its own fair value, and the market average says nothing about that. 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 Jet2 PLC (JET2)?
The closing price on Oct 2, 2026 was £14.32. Our model-based fair value is £42.96, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jet2 PLC right now?
The price is below even our cautious bear case (£30.07). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (£30.07 to £55.85) leaves room in how you read the outcome.
Where does the earnings growth of Jet2 PLC (JET2) come from?
Earnings per share at Jet2 PLC grew +17.6 % a year from 2015 to 2026. Broken into its drivers: revenue per share +13.9 %, EBIT margin +1.5 %, tax rate −1.3 %, residual (interest, one-offs) +3.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Jet2 PLC
How large is the market capitalisation of Jet2 PLC (JET2)?
The market capitalisation of Jet2 PLC is 2.8B GBX. 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 Jet2 PLC (JET2)?
The price-to-sales ratio of Jet2 PLC is 0.38 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Jet2 PLC (JET2)?
Earnings per share at Jet2 PLC are £2.08 (price ÷ EPS = P/E 6.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Jet2 PLC (JET2)?
The dividend yield of Jet2 PLC is 1.2% (payout 8.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Jet2 PLC (JET2)?
The net margin of Jet2 PLC is 5.5% (fiscal year 2026). 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 Jet2 PLC (JET2)?
The return on equity (ROE) of Jet2 PLC is 22.4% (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 Jet2 PLC (JET2)?
On an EBIT basis the return on assets of Jet2 PLC is 4.5% (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 Jet2 PLC (JET2)?
The operating margin of Jet2 PLC is −12.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jet2 PLC (JET2)?
Revenue at Jet2 PLC is growing +2.5% versus a year earlier (3y avg +14.1%). 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 Jet2 PLC (JET2)?
Earnings per share at Jet2 PLC are growing +17.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Jet2 PLC (JET2) hold?
Jet2 PLC holds more cash than debt, 2.0B GBX net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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