20 Stocks with the Lowest Forward PE Ratio

8. Delta Air Lines Inc. (NYSE:DAL)

Forward P/E Ratio: 7.89

Number of Hedge Fund Holders: 70

Delta Air Lines Inc. (NYSE:DAL) ranks among the stocks with the lowest forward PE ratios. On January 16, BofA Securities maintained its Buy rating on Delta Air Lines Inc. (NYSE:DAL) with an $80 price target. The firm believes Delta has taken a cautious stance when it comes to its 2026 earnings forecast, projecting EPS of $6.50-7.50 versus the current analyst average of $7.26.

Despite the overall economic volatility seen in 2025, BofA stated that Delta Air’s management offers an upbeat perspective on fundamentals, stating that both companies and consumers have adjusted to market changes.

According to the firm, premium sales climbed by 9% in the fourth quarter of 2025, indicating that elite customers continued to spend despite overall economic concerns. BofA also notes that positive industry supply in the initial half of 2026 is a plus for Delta Air’s outlook.

Delta Air Lines Inc. (NYSE:DAL) provides scheduled passenger and cargo air transportation in the US and internationally. The company operates through two segments: Airline and Refinery.