Stock fact sheet · data as of
SkyWest, Inc. (SKYW): fair value, margin of safety and Wheel Score
Industrials · Airlines, Airports & Air Services · United States · High Growth
Is SKYW undervalued?
SkyWest, Inc. (SKYW) closed at 92.43 on 16 Oct 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 257.98, which puts the price 64% below it. 7 of the 8 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
The 8 models disagree widely: DCF gives 84.14 while GLS Growth gives 631.93. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files SKYW under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for SKYW
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 84.14 | -9% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 127.09 | +37% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 345.04 | +273% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 132.57 | +43% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 631.93 | +584% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 314.11 | +240% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 314.27 | +240% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 114.69 | +24% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -91.39 | -199% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 112.00 | +21% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health SKYW scores 8/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is 7.2 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
Returns on capital are moderate - ROIC 8.3%, ROE 15.6%, ROA 5.8% - with debt at 0.87 times equity and a free-cash-flow yield of 8.8%.
SkyWest, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Flying agreements 95%, Lease, airport services and other. 3%, Airport customer service and other reve… 1% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 8 / 9 | ROIC | 8.3% |
|---|---|---|---|
| GLS Moat | 7.2 / 10 | ROE | 15.6% |
| Debt / equity | 0.87 | ROA | 5.8% |
| Free-cash-flow yield | 8.8% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 87: Prime
SKYW scores 87 out of 100 on the Wheel Score, in the Prime band (80 and above), which fewer than one stock in twenty reaches on any night. The score blends five things a wheel trader checks before selling a cash-secured put: the margin of safety (Value, 25/25), Piotroski health (18/20), the GLS moat (11/15), the option premium on offer (20/20) and how easily the stock trades (13/20).
Implied volatility is 44% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 1,170 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 420k shares a day on a market cap of $3.6B, with a beta of 1.48 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 13 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 64% margin of safety | |
| Health | 18 / 20 | Piotroski 8/9 | |
| Moat | 11 / 15 | moat 7.2/10 | |
| Premium | 20 / 20 | implied volatility 44% | |
| Stability | 13 / 20 | 420k shares/day, $3.6B cap, beta 1.48 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
SkyWest, Inc. reports earnings on 29 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Airlines, Airports & Air Services
The 12 companies below are the closest to SkyWest, Inc. by market cap within the Airlines, Airports & Air Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| CAAP Corporacion America Airports S.A. | 24.66 | 65.37 | +62% | 80Prime | $4.0B |
| ALK Alaska Air Group, Inc. | 36.50 | - | - | 45Weak | $4.1B |
| OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 91.33 | 555.31 | +84% | 82Prime | $4.4B |
| JOBY Joby Aviation, Inc. | 4.81 | 0.2622 | -1734% | 40Weak | $4.8B |
| CPA Copa Holdings, S.A. | 133.91 | 315.20 | +58% | 83Prime | $5.5B |
| ALGT Allegiant Travel Company | 70.40 | 76.85 | +8% | 62Fair | $1.9B |
| ASR Grupo Aeroportuario del Sureste, S. A. B. de C. V. | 235.08 | 1,442.79 | +84% | 76Good | $7.1B |
| AAL American Airlines Group Inc. | 12.28 | 165.90 | +93% | 45Weak | $8.1B |
| AZUL Azul S.A. | 6.87 | 0.3746 | -1734% | 18Weak | $1.3B |
| PAC Grupo Aeroportuario del Pacífico, S.A.B. de C.V. | 196.49 | 576.76 | +66% | 39No options | $10.2B |
| JBLU JetBlue Airways Corporation | 3.15 | - | - | 45Weak | $1.2B |
| ULCC Frontier Group Holdings, Inc. | 4.88 | - | - | 43Weak | $1.1B |
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Start free See the Sunday ScanQuestions about SKYW
Is SKYW undervalued right now?
By the GLS models, yes: at 92.43 the stock is 64% below the average fair value of 257.98 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of SKYW and what does it mean?
SKYW scores 87 out of 100 (Prime). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for SKYW?
257.98 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does SkyWest, Inc. report earnings next?
The next earnings report is due on 29 Oct 2026 (after the close), 13 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does SKYW have listed options, and how liquid are they?
Yes. The nightly snapshot found 296 listed contracts with 1,170 open interest across all expiries and implied volatility of 44% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.