AIRYY (Air China) E10: $-0.61 (As of Mar. 2026)


AIRYY Air China Ltd AIRYY
69 GF Score
Price $10.40
GF Value $15.92
Valuation Possible Value Trap
! 5 Warning Signs
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What is Air China E10?

Air China AIRYY 69 E10 is $-0.61 as of Mar. 2026. GuruFocus rates AIRYY with a GF Score™ of 69/100 and a GF Value™ of $15.92 (Possible Value Trap). The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Air China's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.290. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.61 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -27.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Air China was 13.20% per year. The lowest was -34.30% per year. And the median was -6.50% per year.

As of today (2026-06-25), Air China's current stock price is $10.40. Air China's E10 for the quarter that ended in Mar. 2026 was $-0.61. Air China's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Air China was 555.00. The lowest was 10.97. And the median was 19.21.


Air China  (OTCPK:AIRYY) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

During the past 13 years, the highest Shiller P/E Ratio of Air China was 555.00. The lowest was 10.97. And the median was 19.21.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Air China E10 Related Terms


Air China E10 Historical Data

* Premium members only.

The historical data trend for Air China's E10 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.

Air China E10 Chart

Air China Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 -0.27 -0.37 -0.40 -0.63

Air China Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 -0.53 -0.49 -0.54 -0.63 -0.61

AIRYY vs DAL, UAL, LUV: E10 Comparison

For the Airlines subindustry, Air China's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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.


Air China Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Air China's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Air China's Shiller PE Ratio falls into.


AIRYY
69GF Score
Air China Ltd AIRYY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Air China E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Air China's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.29/121.4731*121.4731
=0.290

Current CPI (Mar. 2026) = 121.4731.

Air China Quarterly Data

per share eps CPI Adj_EPS
201606 0.237 101.686 0.283
201609 0.930 102.565 1.101
201612 -0.116 103.225 -0.137
201703 0.319 103.335 0.375
201706 0.376 103.664 0.441
201709 1.127 103.994 1.316
201712 -0.243 104.984 -0.281
201803 0.602 105.973 0.690
201806 0.179 106.193 0.205
201809 0.759 106.852 0.863
201812 0.058 107.622 0.065
201903 0.596 108.172 0.669
201906 0.083 109.601 0.092
201909 0.731 110.260 0.805
201912 -0.069 110.700 -0.076
202003 -0.997 110.920 -1.092
202006 -0.960 110.590 -1.054
202009 -0.147 107.512 -0.166
202012 -0.948 109.711 -1.050
202103 -1.382 111.579 -1.505
202106 -0.125 111.360 -0.136
202109 -0.805 109.051 -0.897
202112 -1.444 112.349 -1.561
202203 -2.049 113.558 -2.192
202206 -2.270 113.448 -2.431
202209 -1.823 113.778 -1.946
202212 -2.180 114.548 -2.312
202303 -0.551 115.427 -0.580
202306 -0.090 115.647 -0.095
202309 0.740 116.087 0.774
202312 -0.336 117.296 -0.348
202403 -0.305 117.735 -0.315
202406 -0.193 117.296 -0.200
202409 0.763 118.615 0.781
202412 -0.252 118.945 -0.257
202503 -0.331 119.384 -0.337
202506 0.028 119.055 0.029
202509 0.618 119.934 0.626
202512 -0.625 120.704 -0.629
202603 0.290 121.473 0.290

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of $-0.61 mean?
Air China (AIRYY) has a E10 of $-0.61 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Air China and its competitors.
Is Air China's E10 too high?
Air China's current E10 is $-0.61. Overall, Air China has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Air China's E10 compare to DAL and UAL?
Air China's E10 of $-0.61 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 E10 for a Transportation company?
A good E10 depends on the Transportation industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Air China and its competitors. Air China's current E10 is $-0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air China stock overvalued right now?
Based on GuruFocus' analysis, Air China (AIRYY) is currently considered Possible Value Trap. The stock's GF Value™ is $15.92, compared to a current price of $10.40 — trading 34.7% below its estimated fair value. The current E10 is $-0.61. Air China's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Air China (AIRYY), the current E10 is $-0.61 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 Air China (AIRYY) Overvalued in 2026?

Based on GuruFocus' analysis, Air China stock appears to be undervalued. The current stock price of $10.40 is trading 34.7% below its estimated GF Value™ of $15.92. GuruFocus considers Air China to be Possible Value Trap.

Key valuation signals for AIRYY:

  • E10: $-0.61
  • GF Value™: $15.92 vs. price of $10.40 (34.7% below fair value)
  • GF Score™: 69/100 with 5 warning signs

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


Air China Business Description

Address 12 Tung Fai Road, 5th Floor, CNAC House, Hong Kong International Airport, Hong Kong, HKG
Air China Ltd is based in Beijing and principally provides airline and related services, which include aircraft engineering and airport ground handling. The majority of the company's revenue comes from airline operations, with a smaller portion generated from rental income. Company has two segments (a) The airline operations segment which mainly comprises the provision of air passenger and air cargo services; and (b) The other operations segment which comprises the provision of aircraft engineering and other airline-related services. Geographically, majority of its revenue is derived from Mainland China followed by International segment and Hong Kong SAR, Macau SAR and Taiwan.
69GF Score

Get the complete analysis for AIRYY

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.40
Price
$15.92
GF Value