Is the Easyjet share price (LON:EZJ) good value at 1,145p?

Easyjet (LON:EZJ) is a well known large cap budget airline that operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts. The Company's bases include the United Kingdom, Switzerland, Italy, France (Paris, Charles de Gaulle, Lyon and Toulouse), Amsterdam, Venice, Oporto, Lisbon and Barcelona.

Right now the Easyjet share price appears to represent solid value, as shown in the group's Value Rank of 62. Let's explore this in more detail.

Digging into Easyjet's Value Rank

Looking at Easyjet's StockReport, we can see that the group has a:

• Rolling price to book value of 1.81,
• Trailing twelve month price to earnings ratio of 16.0
• Trailing twelve month price to free cashflow of
• Rolling dividend yield of 3.80%
• Trailing twelve-month price to sales ratio of 0.75

This combination of financial traits suggests that, while Easyjet stock is not the cheapest, it is far from expensive at these levels and is worth considering - especially if it is exposed to other positive stock market factors as well.

What does this mean for potential investors?

Some of the best quality stocks in the market have defensible models that can deliver high levels of shareholder returns over the long term. But there are no guarantees and it's important to do your own research. Indeed, we've identified some areas of concern with easyJet that you can find out about here.