Is Air Lease Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Air Lease Corp. has moved from very attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 15, a Price to Book Value of 0.82, and an EV to EBITDA of 10.92, which suggest that while the company is not undervalued, it is also not significantly overvalued compared to its peers.
In comparison to its peers, Air Lease Corp. has a P/E ratio of 16.14, which is higher than Ryder System, Inc. at 14.15 but lower than Blue Owl Capital Corp. at 10.91. Additionally, the company’s EV to EBITDA ratio of 10.88 is competitive, especially when considering the high valuation of some peers like FirstCash Holdings, Inc. at 26.74. Notably, Air Lease Corp. has outperformed the S&P 500 with a year-to-date return of 32.05% compared to the index's 13.30%, reinforcing its relative strength in the market.