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Delta Air Lines, Inc. (DAL)
Air Transportation, Scheduled
Latest Price
$83.46
TTM P/E
13.86
Normalized P/E
16.80
Div Yield
0.45%
Book Value
33.17
P/B Ratio
2.52
Valuation metrics
adjust assumptions →EPS: $7.66
Book value / share: $31.89
Formula: √(22.5 × EPS × BVPS)
Graham Number
$74.13
11% 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
40% 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
+158% upside
EPS: $7.66
Target P/E: 17×
Formula: EPS × P/E
P/E Fair Value
$130.22
+56% upside
Institutional Ownership
91.3% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| Berkshire Hathaway Inc | 57.32M | $5.37B | 8.76% | +17.51M | 2026-06-30 |
| BlackRock, Inc. | 45.11M | $4.22B | 6.90% | -437.6K | 2026-06-30 |
| Vanguard Capital Management LLC | 41.31M | $3.87B | 6.32% | -637.0K | 2026-06-30 |
| FMR LLC | 33.19M | $3.11B | 5.07% | +5.68M | 2026-06-30 |
| Sanders Capital, LLC | 29.13M | $2.73B | 4.45% | -337.5K | 2026-06-30 |
| Vanguard Portfolio Management LLC | 26.33M | $2.46B | 4.03% | -1.05M | 2026-06-30 |
| State Street Corp | 24.13M | $2.26B | 3.69% | +669.4K | 2026-06-30 |
| Capital International Investors | 20.69M | $1.94B | 3.16% | +119.7K | 2026-06-30 |
| Geode Capital Management, LLC | 18.51M | $1.75B | 2.83% | +541.3K | 2026-06-30 |
| Primecap Management Co | 17.52M | $1.64B | 2.68% | -27.4K | 2026-06-30 |