Alaska Air Group, Inc. (ALK) Stock Analysis
Over the past 10 years, Alaska Air (ALK) earnings per share (EPS) declined 18.5% a year, revenue grew 9.8% a year and free cash flow declined 14.5% a year, with an average return on invested capital (ROIC) of 3.5%. ALK stock trades at $39.09. Analysts' average 12-month price target is $53.88 (+37.8%).
Alaska Air Group, Inc. operates via its subsidiaries, providing comprehensive air transportation solutions for both passengers and freight. Its business is organized into three principal segments: Mainline, Regional, and Horizon.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | 6.5% | 7.7% | 1.8% | C+ |
| EPS GrowthEPS Still negative | -18.5% | 21.6% | -126.7% | F |
| Revenue GrowthRevenue | 9.8% | 31.9% | 9.8% | A- |
| Cash Flow GrowthCash Flow Still negative | -14.5% | 4.6% | -4275.0% | F |
| ROICROIC | 3.5% | 2.3% | 1.4% | C- |
Exhibit B Valuation Ledger
- Current EPS
- -$1.13
- Historical Avg P/E
- 39.5
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $18.64 | $23.56 | $27.94 | $30.26 | $34.85 | $24.20 | $29.98 | $29.84 | $31.96 | $34.06 | $35.09 | $32.56 | |
| Basic EPSEPS | $6.61 | $6.45 | $7.79 | $3.55 | $6.24 | -$10.59 | $3.82 | $0.46 | $1.84 | $3.13 | $0.85 | -$1.13 | |
| RevenueRevenue | $5,598,000,000 | $5,931,000,000 | $7,894,000,000 | $8,264,000,000 | $8,781,000,000 | $3,566,000,000 | $6,176,000,000 | $9,646,000,000 | $10,426,000,000 | $11,735,000,000 | $14,239,000,000 | $14,763,000,000 | |
| Free Cash FlowCash Flow | $753,000,000 | $708,000,000 | $564,000,000 | $235,000,000 | $1,026,000,000 | $-440,000,000 | $738,000,000 | $-253,000,000 | $-444,000,000 | $183,000,000 | $-339,000,000 | $-350,000,000 | |
| ROIC (%)ROIC | 17.3% | 10.2% | 12.0% | 5.7% | 7.1% | -11.4% | 4.5% | 0.5% | 2.4% | 2.9% | 1.4% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
28 firms rate it — 22 buy, 5 hold, 1 sell · Most recent Oct 2026
ALK Stock FAQ
What is ALK's stock price target?
The average 12-month analyst price target for ALK is $53.88, with a range of $46.00 to $69.00. That is +37.8% from the current price of $39.09.
Do analysts rate ALK a buy?
Most rate it a buy. Of 28 firms covering Alaska Air, the ratings are 22 buy or strong buy, 5 hold and 1 sell or strong sell.
How fast is Alaska Air growing?
Annual growth rates for ALK. EPS: -18.5% over 10 years, 21.6% over 5 years, -126.7% over 1 year. Revenue: 9.8% over 10 years, 31.9% over 5 years, 9.8% over 1 year. Free cash flow: -14.5% over 10 years, 4.6% over 5 years, -4275.0% over 1 year. Book value per share: 6.5% over 10 years, 7.7% over 5 years, 1.8% over 1 year.
What is ALK's ROIC?
Alaska Air's return on invested capital (ROIC) was 1.4% in fiscal 2025. Its 10-year average ROIC is 3.5%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is ALK's P/E ratio?
ALK has no meaningful P/E ratio right now because its earnings are negative. Trailing earnings per share are -$1.13.
What is Alaska Air's market cap and stock price?
ALK last traded at $39.09 as of October 12, 2026. Its 52-week range is $33.03 to $60.63. Alaska Air has a market cap of $4.36B.
Exhibit D Related Coverage
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Data as of October 12, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.