# Jet2 plc (JET2.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Consumer Cyclical / Hotels, Restaurants & Leisure. Price 1521p, market value 2.8 billionp.

## Valuation
- **P/E (trailing): 7.3×** (5-yr avg 753.6×, 3-yr avg 660.4×). Jet2 plc trades at 7.3× trailing earnings, well below its own five-year average of 753.6×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 8.1×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 16.83**. A PEG of 16.83 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: 0.5×**. Enterprise value is 0.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 42.0%** (5-yr avg 0.2%). Free cash flow equals 42.0% of the market value, above its five-year average of 0.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 13.7%**. The inverse of the P/E: 13.7% of the price is earned each year.

## Profitability
- **Gross margin: 13.1%**. Jet2 plc keeps 13.1% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 6.0%**. 6.0% of revenue is left after running the business.
- **Net margin: 5.5%**. 5.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 19.9%**. 19.9% on shareholders' equity is solid.
- **Return on assets: 12.6%**. Each dollar of assets produces 12.6% of profit.

## Growth
- **Revenue growth (1 yr): 4.3%** (3-yr 14.1%/yr, 5-yr 80.1%/yr). Revenue grew 4.3% over the last year, against 80.1% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 0.5%** (3-yr 17.9%/yr). Earnings per share rose 0.5%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): -13.1%/yr**. Free cash flow has compounded at -13.1% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.62**. Debt is 0.62 times equity, moderate leverage.
- **Net debt / EBITDA: net cash**. Jet2 plc holds more cash than debt.
- **Interest coverage: 8.2×**. Operating profit covers interest 8.2× over, a safe margin.
- **Current ratio: 1.36** (quick 1.31). Current assets cover the next year's liabilities 1.36 times.
- **Altman Z-score: 2.30**. A Z-score of 2.30 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.11%** (0p per share, trailing). Jet2 plc yields 1.11%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 8%** (5% of free cash flow). 8% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Shareholder yield: 18.9%**. Dividends plus net buybacks return 18.9% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (15 analysts). 15 analysts cover Jet2 plc; the consensus is buy, with an average price target of 1616p (+6% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 4.8%** (YTD 8.7%, 3-mo 22.0%). The shares are up 4.8% over twelve months including dividends.
- **From 52-week high: -5.6%** (55.2% above the low). Trading 6% below 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): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 0.79** (volatility 31%). Beta of 0.79 against the FTSE All-Share: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=JET2.L · Page: https://foliofundamentals.com/stocks/jet2.l

Not investment advice.