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Delta Air Lines (Delta Air Lines) Cyclically Adjusted Revenue per Share : $69.44 (As of Mar. 2024)


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What is Delta Air Lines Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Delta Air Lines's adjusted revenue per share for the three months ended in Mar. 2024 was $21.315. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $69.44 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Delta Air Lines's average Cyclically Adjusted Revenue Growth Rate was 6.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 0.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Delta Air Lines was 8.50% per year. The lowest was -12.10% per year. And the median was -1.80% per year.

As of today (2024-04-28), Delta Air Lines's current stock price is $49.92. Delta Air Lines's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $69.44. Delta Air Lines's Cyclically Adjusted PS Ratio of today is 0.72.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Delta Air Lines was 1.22. The lowest was 0.23. And the median was 0.74.


Delta Air Lines Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Delta Air Lines's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Delta Air Lines Cyclically Adjusted Revenue per Share Chart

Delta Air Lines Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.86 53.80 57.19 63.25 68.67

Delta Air Lines Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 65.04 66.69 68.08 68.67 69.44

Competitive Comparison of Delta Air Lines's Cyclically Adjusted Revenue per Share

For the Airlines subindustry, Delta Air Lines's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Delta Air Lines's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Delta Air Lines's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Delta Air Lines's Cyclically Adjusted PS Ratio falls into.



Delta Air Lines Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Delta Air Lines's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=21.315/129.4194*129.4194
=21.315

Current CPI (Mar. 2024) = 129.4194.

Delta Air Lines Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 12.495 100.560 16.081
201409 13.260 100.428 17.088
201412 11.581 99.070 15.129
201503 11.366 99.621 14.766
201506 13.202 100.684 16.970
201509 13.971 100.392 18.011
201512 12.135 99.792 15.738
201603 11.860 100.470 15.277
201606 13.692 101.688 17.426
201609 14.090 101.861 17.902
201612 12.628 101.863 16.044
201703 12.450 102.862 15.664
201706 14.702 103.349 18.411
201709 15.384 104.136 19.119
201712 14.385 104.011 17.899
201803 14.119 105.290 17.355
201806 16.894 106.317 20.565
201809 17.374 106.507 21.112
201812 15.682 105.998 19.147
201903 15.700 107.251 18.945
201906 19.227 108.070 23.025
201909 19.383 108.329 23.157
201912 17.762 108.420 21.202
202003 13.488 108.902 16.029
202006 2.312 108.767 2.751
202009 4.822 109.815 5.683
202012 6.247 109.897 7.357
202103 6.525 111.754 7.556
202106 11.100 114.631 12.532
202109 14.281 115.734 15.970
202112 14.774 117.630 16.255
202203 14.675 121.301 15.657
202206 21.566 125.017 22.325
202209 21.802 125.227 22.532
202212 20.959 125.222 21.662
202303 19.967 127.348 20.292
202306 24.265 128.729 24.395
202309 24.050 129.860 23.968
202312 22.120 129.419 22.120
202403 21.315 129.419 21.315

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Delta Air Lines  (NYSE:DAL) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Delta Air Lines's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=49.92/69.44
=0.72

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Delta Air Lines was 1.22. The lowest was 0.23. And the median was 0.74.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Delta Air Lines Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Delta Air Lines's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Delta Air Lines (Delta Air Lines) Business Description

Industry
Address
Post Office Box 20706, Atlanta, GA, USA, 30320-6001
Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul.
Executives
David S Taylor director THE PROCTER & GAMBLE COMPANY, ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Joanne D Smith officer: EVP & Chief HR Officer C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
Steven M Sear officer: Pres. Int'l & EVP Global Sales C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
Peter W Carter officer: EVP and Chief Legal Officer C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
Michael P Huerta director 1800 M STREET NW SUITE 800, WASHINGTON DC 20036
Mike Spanos officer: EVP & Chief Operating Officer PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Vasant M Prabhu director C/O SAFEWAY INC, 5918 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Glen W Hauenstein officer: EVP-Network Plng & Rev Mgmt 1600 SMITH ST, HOUSTON TX 77002
William C Carroll officer: SVP, Finance & Controller C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
Francis S Blake director 2455 PACES FERRY RD, ATLANTA GA 30339
Edward H Bastian officer: President and CEO NWA C/O DELTA AIR LINES, INC., DEPT. 981, P.O. BOX 20574, ATLANTA GA 30320
Greg Creed director 1441 GARDINER LANE, LOUISVILLE KY 40213
Leslie D. Hale director 3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814
John E Laughter officer: EVP - Chief of Operations P.O. BOX 20574, C/O DELTA AIR LINES, INC. DEPT. 981, ATLANTA GA 30320
Daniel C. Janki officer: EVP & Chief Financial Officer 5020 WESTON PARKWAY, SUITE 400, CARY NC 27513

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