Kenya Airways (NAI:KQ) Construction In Progress: KES6,792 Mil (As of Dec. 2025)


NAI:KQ Kenya Airways Plc NAI:KQ
62 GF Score
Price KES5.98
GF Value KES3.71
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Kenya Airways Construction In Progress?

Kenya Airways NAI:KQ 62 Construction In Progress is KES6,792 Mil as of Dec. 2025. GuruFocus rates NAI:KQ with a GF Score™ of 62/100 and a GF Value™ of KES3.71 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Kenya Airways's quarterly construction in progress increased from Jun. 2024 (KES0 Mil) to Dec. 2024 (KES8,083 Mil) but then declined from Dec. 2024 (KES8,083 Mil) to Dec. 2025 (KES6,792 Mil).

Kenya Airways's annual construction in progress declined from Dec. 2023 (KES8,777 Mil) to Dec. 2024 (KES8,083 Mil) and declined from Dec. 2024 (KES8,083 Mil) to Dec. 2025 (KES6,792 Mil).

Kenya Airways Construction In Progress Historical Data

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The historical data trend for Kenya Airways's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Kenya Airways Construction In Progress Chart

Kenya Airways Annual Data
Trend Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,040.00 5,189.00 8,777.00 8,083.00 6,792.00

Kenya Airways Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Dec25
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 8,777.00 0.00 8,083.00 6,792.00
NAI:KQ
62GF Score
Kenya Airways Plc NAI:KQ
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Kenya Airways Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of KES6,792 Mil mean?
Kenya Airways (NAI:KQ) has a Construction In Progress of KES6,792 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Kenya Airways and its competitors.
Is Kenya Airways' Construction In Progress too high?
Kenya Airways' current Construction In Progress is KES6,792 Mil. Overall, Kenya Airways has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kenya Airways' Construction In Progress compare to DAL and UAL?
Kenya Airways' Construction In Progress of KES6,792 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Transportation company?
A good Construction In Progress depends on the Transportation industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Kenya Airways and its competitors. Kenya Airways's current Construction In Progress is KES6,792 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kenya Airways stock overvalued right now?
Based on GuruFocus' analysis, Kenya Airways (NAI:KQ) is currently considered Significantly Overvalued. The stock's GF Value™ is KES3.71, compared to a current price of KES5.98 — trading 61.2% above its estimated fair value. The current Construction In Progress is KES6,792 Mil. Kenya Airways' overall GF Score™ is 62/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Kenya Airways (NAI:KQ), the current Construction In Progress is KES6,792 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Kenya Airways (NAI:KQ) Overvalued in 2026?

Based on GuruFocus' analysis, Kenya Airways stock appears to be overvalued. The current stock price of KES5.98 is trading 61.2% above its estimated GF Value™ of KES3.71. GuruFocus considers Kenya Airways to be Significantly Overvalued.

Key valuation signals for NAI:KQ:

  • Construction In Progress: KES6,792 Mil
  • GF Value™: KES3.71 vs. price of KES5.98 (61.2% above fair value)
  • GF Score™: 62/100 with 7 warning signs

No single metric tells the full story. See the NAI:KQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Kenya Airways Business Description

Address Airport North Road, P.O Box 19002, Embakasi, Nairobi, KEN, 00501
Kenya Airways Plc is engaged in the international, regional, and domestic carriage of passengers and cargo by air, the provision of ground handling services to other airlines, and the handling of import and export cargo. The company's segments include passengers, freight, mail, handling, and others. It operates domestic flights and flies to Africa, the Middle East, Asia, America, and Europe. The company is engaged in four business segments: Passenger, Freight and Mail, Handling, and Other revenue. Key revenue is generated from the Passenger segment.
62GF Score

Get the complete analysis for NAI:KQ

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

KES5.98
Price
KES3.71
GF Value