Air Lease
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
11.3710.45
Price/Sales ratio
2.142.05
Earnings per Share (EPS)
$5.13$5.59

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
13.6813.559.416.566.569.059.7811.55-44.207.5710.166.56
Price/Sales ratio
3.332.802.483.271.992.632.502.411.851.732.021.99
Price/Book Value ratio
1.261.131.041.200.690.940.830.710.640.650.700.69
Price/Cash Flow ratio
4.554.083.454.682.673.814.633.663.102.663.182.67
Price/Free Cash Flow ratio
-2.13-1.66-1.78-2.66-1.32-1.54-3.17-2.71-1.89-1.67-6.79-1.54
Price/Earnings Growth ratio
0.40-8.500.190.06-0.170.77-0.68-0.610.35-0.010.10-0.17
Dividend Yield
0.34%0.47%0.58%0.62%1.23%1.31%1.65%2.01%2.91%2.80%1.73%1.23%
Profitability Indicator Ratios
Gross Profit Margin
49.59%48.20%50.11%49.46%46.89%45.45%39.84%35.59%37.04%35.80%45.09%45.45%
Operating Profit Margin
40.22%40.51%43.06%42.13%40.05%38.29%34.22%28.32%29.60%53.26%50.85%40.05%
Pretax Profit Margin
37.58%32.13%40.88%40.19%38.11%36.47%32.08%25.90%-5.98%28.06%24.58%36.47%
Net Profit Margin
24.36%20.72%26.42%49.86%30.41%29.11%25.61%20.90%-4.18%22.89%19.96%29.11%
Effective Tax Rate
35.15%35.51%35.38%-24.05%20.19%20.19%20.16%19.29%30.08%18.44%18.77%20.19%
Return on Assets
2.37%2.05%2.68%4.84%2.76%2.70%2.04%1.61%-0.34%2.01%1.66%2.70%
Return On Equity
9.23%8.39%11.08%18.32%10.62%10.44%8.50%6.23%-1.45%8.58%7.29%10.44%
Return on Capital Employed
4.02%4.11%4.48%4.20%3.74%3.66%2.80%2.25%2.48%5.48%4.40%3.74%
Liquidity Ratios
Current Ratio
7.475.686.095.995.523.643.56N/AN/AN/A0.383.64
Quick Ratio
1.080.560.810.740.640.512.761.470.950.100.380.51
Cash ratio
1.050.500.770.700.590.482.721.440.900.100.380.48
Days of Sales Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/A-6.15N/AN/AN/A
Operating Cycle
N/AN/AN/AN/AN/AN/AN/AN/A-6.15N/AN/AN/A
Days of Payables Outstanding
131.63124.46132.38147.27156.36171.36148.25166.02174.35246.51265.56156.36
Cash Conversion Cycle
-131.63-124.46-132.38-147.27-156.36-171.36-148.25-166.02-180.51-246.51-265.56-171.36
Debt Ratios
Debt Ratio
0.660.680.670.670.650.620.650.630.650.620.620.62
Debt Equity Ratio
2.592.792.802.552.522.412.722.422.802.672.622.52
Long-term Debt to Capitalization
0.700.710.720.700.700.700.730.700.730.690.720.70
Total Debt to Capitalization
0.720.730.730.710.710.700.730.700.730.720.720.71
Interest Coverage Ratio
3.193.103.393.473.172.9416.03N/AN/AN/A25.083.17
Cash Flow to Debt Ratio
0.100.090.100.100.100.100.060.080.070.090.080.10
Company Equity Multiplier
3.884.094.133.783.843.864.153.844.274.254.183.84
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.730.680.710.690.740.690.540.650.590.650.630.69
Free Cash Flow / Operating Cash Flow Ratio
-2.13-2.45-1.93-1.75-2.01-2.47-1.45-1.34-1.63-1.59-0.46-2.01
Cash Flow Coverage Ratio
0.100.090.100.100.100.100.060.080.070.090.080.10
Short Term Coverage Ratio
1.351.161.331.252.0869.62N/AN/AN/A0.54N/A69.62
Dividend Payout Ratio
4.78%6.47%5.48%4.09%8.13%11.91%16.18%23.24%-128.78%21.23%25.75%8.13%