# easyJet plc (EZJ.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Industrials / Airlines. Price 672p, market value 5.0 billionp.

## Valuation
- **P/E (trailing): 12.4×** (5-yr avg 857.7×, 3-yr avg 857.7×). easyJet plc trades at 12.4× trailing earnings, well below its own five-year average of 857.7×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 18.0×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 2.15**. A PEG of 2.15 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 0.2×**. Each dollar of revenue is priced at 0.2×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 1.5×**. Enterprise value is 1.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 27.6%** (5-yr avg 0.1%). Free cash flow equals 27.6% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 8.0%**. The inverse of the P/E: 8.0% of the price is earned each year.

## Profitability
- **Gross margin: 15.9%**. easyJet plc keeps 15.9% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 5.5%**. 5.5% of revenue is left after running the business.
- **Net margin: 4.9%**. 4.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 14.1%**. 14.1% on shareholders' equity is solid.
- **Return on invested capital: 29.7%**. Return on all capital, debt included, is 29.7%: comfortably above what that capital costs.
- **Return on assets: 7.2%**. Each dollar of assets produces 7.2% of profit.

## Growth
- **Revenue growth (1 yr): 8.6%** (3-yr 20.5%/yr, 5-yr 27.4%/yr). Revenue grew 8.6% over the last year, against 27.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 8.3%**. Earnings per share rose 8.3%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 48.4%/yr**. Free cash flow has compounded at 48.4% a year over three years.

## Financial health
- **Debt to equity: 0.84**. Debt is 0.84 times equity, moderate leverage.
- **Net debt / EBITDA: net cash**. easyJet plc holds more cash than debt.
- **Interest coverage: 3.7×**. Operating profit covers interest 3.7× over, a safe margin.
- **Current ratio: 1.11** (quick 1.11). Current assets cover the next year's liabilities 1.11 times.
- **Altman Z-score: 1.93**. A Z-score of 1.93 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 1.97%** (0p per share, trailing). easyJet plc yields 1.97%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 18%** (23% of free cash flow). 18% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): -22.7%/yr** (1-yr 168.9%). The dividend has not grown over five years.
- **Shareholder yield: 3.2%**. Dividends plus net buybacks return 3.2% of the market value a year.

## Price and momentum
- **Total return (1 yr): 43.8%** (YTD 31.3%, 3-mo 42.1%). The shares are up 43.8% over twelve months including dividends.
- **From 52-week high: -1.7%** (102.1% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 59**. An RSI of 59 is neutral.
- **Beta (1 yr): 0.98** (volatility 40%). Beta of 0.98 against the FTSE All-Share: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=EZJ.L · Page: https://foliofundamentals.com/stocks/ezj.l

Not investment advice.