# Frontier Group Holdings Inc. (ULCC) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Industrials / Airlines. Price $6.47, market value $1.5 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Frontier Group Holdings Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.3×**. Each dollar of revenue is priced at 0.3×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 40.2×**. The shares trade at 40.2× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 0.1%** (5-yr avg -18.1%). Free cash flow equals 0.1% of the market value, above its five-year average of -18.1%, so the shares are cheaper on cash than they have usually been.

## Profitability
- **Operating margin: -9.5%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -3.7%**. The company reported a net loss over the last twelve months.
- **Return on equity: -27.9%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -79.9%**. Return on all capital, debt included, is -79.9%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -5.7%**. Each dollar of assets produces -5.7% of profit.

## Growth
- **Revenue growth (1 yr): -1.4%** (3-yr 3.8%/yr, 5-yr 24.4%/yr). Revenue fell 1.4% over the last year, against 24.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -262.2%**. Earnings per share fell 262.2%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 1.25**. Debt is 1.25 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 0.2×**. It would take 0.2 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 0.46** (quick 0.46). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 0.49**. A Z-score of 0.49 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 0/9**. 0 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. Frontier Group Holdings Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: hold** (9 analysts). 9 analysts cover Frontier Group Holdings Inc.; the consensus is hold, with an average price target of $6.61 (+2% 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): 92.5%** (YTD 57.7%, 3-mo -3.4%). The shares are up 92.5% over twelve months including dividends.
- **From 52-week high: -23.0%** (114.2% above the low). Trading 23% 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): 72**. An RSI of 72 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 2.46** (volatility 79%). Beta of 2.46 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ULCC · Page: https://foliofundamentals.com/stocks/ulcc

Not investment advice.