Is Air Lease Corp. overvalued or undervalued?

As of 4 August 2025, the valuation grade for Air Lease Corp. has moved from fair to very attractive, indicating a positive shift in its perceived value. The company appears to be undervalued based on its current metrics, with a P/E ratio of 15, a Price to Book Value of 0.82, and an EV to EBITDA of 10.92. Compared to peers, Air Lease Corp.'s P/E ratio is slightly higher than Ryder System, Inc. at 14.15, but lower than Blue Owl Capital Corp. at 10.91, suggesting a competitive position within its industry.
In terms of recent performance, Air Lease Corp. has outperformed the S&P 500 over multiple periods, notably with a year-to-date return of 31.82% compared to the S&P 500's 12.22%, and a one-year return of 42.84% against 17.14% for the index. This strong performance reinforces the valuation narrative that Air Lease Corp. is positioned favorably in the market.