10 Lowest PE Ratio Stocks in S&P 500

2. Delta Air Lines, Inc. (NYSE:DAL)

P/E Ratio as of April 29: 7.44

Number of Hedge Fund Holders: 84

Delta Air Lines, Inc. (NYSE:DAL) is a major player in global air travel that flies passengers and cargo both domestically and internationally. It ranks 2nd on our list of stocks with a low PE ratio. On April 24, Delta announced that its board approved a quarterly dividend of $0.15 per share. The dividend will be distributed on June 3, to shareholders on record as of May 13.

On April 10, TD Cowen reaffirmed a Buy rating on Delta Air Lines, Inc. (NYSE:DAL) and raised the price target from $45 to $50. Stifel has trimmed its 2025 earnings forecast for Delta from $5.52 to $4.34 per share, following the airline’s Q1 results and a cautious outlook for the rest of the year. While a temporary pause in tariffs offers some short-term relief, analysts expect revenue growth to slow into early 2026.

Delta Air Lines, Inc. (NYSE:DAL) reported $13 billion in revenue for Q1 2025, up 3.3% from last year, driven by strong premium, customer loyalty, and international travel. Premium revenue rose 7%, and Amex payments hit a record $2 billion. While domestic and corporate travel softened, international routes, especially in the Pacific, saw solid growth. Delta also cut $1.1 billion in debt, ending the quarter with $16.9 billion in net debt, $6.8 billion in liquidity, and $1.3 billion in free cash flow.

According to Insider Monkey’s fourth quarter database, 84 hedge funds held stakes in Delta Air Lines, Inc. (NYSE:DAL), up from 57 funds in the previous quarter. Harris Associates was the biggest position holder in the company, with 9.82 million shares valued at $594 million.