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AirAsia Group BhdXKLS:5238 -0.99%41 Debt-to-EBITDA is 6.67 as of Mar. 2026, which is 206% above its 10-year median of 2.18. GuruFocus rates XKLS:5238 with a GF Score™ of 41/100 and a GF Value™ of RM1.59 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 867 Transportation companies, AirAsia Group Bhd ranks worse than 95.5% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for AirAsia Group Bhd's Debt-to-EBITDA or its related term are showing as below:
XKLS:5238'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -88.09 Med: 2.18 Max: 16.96
Current: 16.96
During the past 11 years, the highest Debt-to-EBITDA Ratio of AirAsia Group Bhd was 16.96. The lowest was -88.09. And the median was 2.18.
XKLS:5238's Debt-to-EBITDA is ranked worse than 95.5% of 867
companies
in the Transportation industry
Industry Median: 2.62
vs XKLS:5238: 16.96
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
AirAsia Group Bhd Debt-to-EBITDA Related Terms
AirAsia Group Bhd Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for AirAsia Group Bhd's Debt-to-EBITDA 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.
XKLS:5238 vs DAL, UAL, LUV: Debt-to-EBITDA Comparison
For the Airlines subindustry, AirAsia Group Bhd's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
AirAsia Group Bhd Debt-to-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, AirAsia Group Bhd's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where AirAsia Group Bhd's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
AirAsia Group Bhd (XKLS:5238) has a Debt-to-EBITDA of 6.67 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on AirAsia Group Bhd. This is 206% above median its historical median of 2.18. According to the industry distribution chart, AirAsia Group Bhd ranks #828 out of 867 companies in the Transportation industry, placing it in the top 95.5%.
Is AirAsia Group Bhd's Debt-to-EBITDA too high?
AirAsia Group Bhd's current Debt-to-EBITDA of 6.67 is 206% above median its 10-year median of 2.18. The Transportation industry median Debt-to-EBITDA is 2.62. AirAsia Group Bhd's value of 6.67 is 154.6% above this industry median. Based on the distribution chart, AirAsia Group Bhd ranks #828 out of 867 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, AirAsia Group Bhd has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AirAsia Group Bhd's Debt-to-EBITDA compare to DAL and UAL?
According to the Transportation industry distribution chart, AirAsia Group Bhd ranks #828 out of 867 companies for Debt-to-EBITDA. This places AirAsia Group Bhd in the lower half of its industry. The industry median Debt-to-EBITDA is 2.62. AirAsia Group Bhd's value of 6.67 is 154.6% above this benchmark. While the company's 10-year median is 2.18 vs. the industry median of 2.62, AirAsia Group Bhd has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.62, based on 867 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AirAsia Group Bhd's current Debt-to-EBITDA of 6.67 is 154.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on AirAsia Group Bhd. For the Transportation industry, the median Debt-to-EBITDA is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AirAsia Group Bhd's current Debt-to-EBITDA is 6.67, which is 206% above median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AirAsia Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, AirAsia Group Bhd (XKLS:5238) is currently considered Possible Value Trap. The stock's GF Value™ is RM1.59, compared to a current price of RM1.00 — trading 37.1% below its estimated fair value. The current Debt-to-EBITDA is 6.67, which is 206% above median its 10-year median of 2.18 and 154.6% above the Transportation industry median of 2.62. AirAsia Group Bhd's overall GF Score™ is 41/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For AirAsia Group Bhd (XKLS:5238), the current Debt-to-EBITDA is 6.67 as of Mar. 2026. 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 AirAsia Group Bhd (XKLS:5238) Overvalued in 2026?
Based on GuruFocus' analysis, AirAsia Group Bhd stock appears to be undervalued.
The current stock price of RM1.00 is trading 37.1% below its estimated GF Value™ of RM1.59.
GuruFocus considers AirAsia Group Bhd to be Possible Value Trap.
Key valuation signals for XKLS:5238:
Debt-to-EBITDA: 6.67 (206% above median its 10-year median of 2.18)
GF Value™: RM1.59 vs. price of RM1.00 (37.1% below fair value)
Industry Position: 154.6% above the Transportation median (#828 of 867)
No single metric tells the full story. See the XKLS:5238 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AirAsia X Bhd is a medium-haul low-cost airline operating in the Asia-Pacific region. The company is servicing scheduled flight operations to Australia (Sydney, Melbourne and Perth), China (Beijing, Hangzhou, Shanghai, Changsha, Chengdu, Chongqing, and Xi'an), India (New Delhi), South Korea (Seoul), Japan (Tokyo, Osaka and Sapporo), Taiwan (Taipei), Indonesia (Bali), Saudi Arabia (Jeddah and Medina), Kazakhstan (Almaty) and Kenya (Nairobi) from two hubs: Kuala Lumpur and Bangkok. The Group's operating segment consists of Air Operator Certificate (AOC) held under the AirAsia brand, and is categorised as Malaysia, Thailand, and Indonesia. The company generates the majority of its revenue from Malaysia.
41GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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