REPUBLIC AIRWAYS HOLDINGS INC. (RJET)

Air Transportation, Scheduled

Latest Price

$17.44

TTM P/E

4.32

Normalized P/E

Div Yield

Book Value

30.35

P/B Ratio

0.57

Valuation metrics

EPS: $1.87

Book value / share: $29.06

Formula: √(22.5 × EPS × BVPS)

Graham Number

$34.97

+98% upside

Base FCF: $116M (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$25.10

+42% upside

EPS: $1.87

Target P/E: 4×

Formula: EPS × P/E

P/E Fair Value

$7.48

58% downside

86.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
United Airlines Holdings, Inc.	10.49M	$220.0M	22.86%	--	2026-06-30
American Airlines Group Inc.	9.76M	$204.0M	21.26%	--	2026-06-30
DELTA AIR LINES, INC.	6.77M	$142.0M	14.75%	--	2026-06-30
CONTRARIAN CAPITAL MANAGEMENT, L.L.C.	4.35M	$91.0M	9.47%	-98.5K	2026-06-30
Owl Creek Asset Management, L.P.	4.28M	$89.0M	9.32%	+47.4K	2026-06-30
BlackRock, Inc.	1.09M	$22.0M	2.38%	+704.5K	2026-06-30
PAR CAPITAL MANAGEMENT INC	506.8K	$10.0M	1.10%	--	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	446.6K	$9.0M	0.97%	+207.6K	2026-06-30
DONALD SMITH & CO., INC.	273.1K	$5.0M	0.60%	+181.4K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	237.3K	$4.0M	0.52%	+12.1K	2026-06-30