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Air CanadaTSX:AC -3.12%86 Earnings per Share (Diluted) is C$2.51 as of Mar. 2026. GuruFocus rates TSX:AC with a GF Score™ of 86/100 and a GF Value™ of C$24.47 (Fairly Valued). The stock has 6 warning signs investors should review. Among 795 Transportation companies, Air Canada ranks worse than 125786.04% on this metric.
Air Canada's EPS (Basic) for the
three
months ended in Mar. 2026 was C$0.16.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was C$2.60.
Air Canada's EPS without NRI for the
three
months ended in Mar. 2026 was C$-0.04.
Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was C$1.43.
During the past 13 years, Air Canada's highest 3-Year average EPS without NRI Growth Rate was 151.30% per year. The lowest was -205.40% per year. And the median was 57.00% per year.
Air Canada (TSX:AC) Earnings per Share (Diluted) Explanation
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
Air Canada Earnings per Share (Diluted) Related Terms
Air Canada Earnings per Share (Diluted) Historical Data
* Premium members only.
The historical data trend for Air Canada's Earnings per Share (Diluted) 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.
TSX:AC vs DAL, UAL, LUV: Earnings per Share (Diluted) Comparison
For the Airlines subindustry, Air Canada's PE Ratio, along with its competitors' market caps and 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 Canada PE Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Air Canada's PE Ratio distribution charts can be found below:
* The bar in red indicates where Air Canada's PE Ratio falls into.
Air Canada Earnings per Share (Diluted) Calculation
Earnings Per Share (EPS) is the amount of earnings per outstanding share of the company's stock. In calculating earnings per share, the dividends of preferred stocks need to subtracted from the total net income first.
Air Canada's Earnings Per Share (Diluted) for the fiscal year that ended in Dec. 2025 is calculated as
Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$2.51
* 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.
Companies also reported diluted shares in their financial reports. Diluted shares include the shares of convertibles or warrants outstanding.
What does a Earnings per Share (Diluted) of C$2.51 mean?
Air Canada (TSX:AC) has a Earnings per Share (Diluted) of C$2.51 as of Mar. 2026. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Air Canada and its competitors. According to the industry distribution chart, Air Canada ranks #999999 out of 795 companies in the Transportation industry.
Is Air Canada's Earnings per Share (Diluted) too high?
Air Canada's current Earnings per Share (Diluted) is C$2.51. Based on the distribution chart, Air Canada ranks #999999 out of 795 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Air Canada has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Air Canada's Earnings per Share (Diluted) compare to DAL and UAL?
According to the Transportation industry distribution chart, Air Canada ranks #999999 out of 795 companies for Earnings per Share (Diluted). This places Air Canada in the lower half of its industry. The industry median Earnings per Share (Diluted) is 3.30. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings per Share (Diluted) for a Transportation company?
The median Earnings per Share (Diluted) among Transportation companies is 3.30, based on 795 companies in the industry. Companies in the top quartile (top 25%) have a Earnings per Share (Diluted) significantly above this median, while those in the bottom quartile fall well below. However, Earnings per Share (Diluted) 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 Earnings per Share (Diluted) mean?
A high Earnings per Share (Diluted) can signal that a stock is expensive relative to its fundamentals. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on Air Canada and its competitors. For the Transportation industry, the median Earnings per Share (Diluted) is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Canada's current Earnings per Share (Diluted) is C$2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Canada stock overvalued right now?
Based on GuruFocus' analysis, Air Canada (TSX:AC) is currently considered Fairly Valued. The stock's GF Value™ is C$24.47, compared to a current price of C$25.75 — trading 5.2% above its estimated fair value. The current Earnings per Share (Diluted) is C$2.51. Air Canada's overall GF Score™ is 86/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings per Share (Diluted) calculated?
Earnings per Share (Diluted) is calculated from a company's financial statements. For Air Canada (TSX:AC), the current Earnings per Share (Diluted) is C$2.51 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 Canada (TSX:AC) Overvalued in 2026?
Based on GuruFocus' analysis, Air Canada stock appears to be overvalued.
The current stock price of C$25.75 is trading 5.2% above its estimated GF Value™ of C$24.47.
GuruFocus considers Air Canada to be Fairly Valued.
Key valuation signals for TSX:AC:
Earnings per Share (Diluted): C$2.51
GF Value™: C$24.47 vs. price of C$25.75 (5.2% above fair value)
No single metric tells the full story. See the TSX:AC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air Canada is Canada's largest airline, serving nearly 50 million passengers each year, together with its low-cost subbrand, Rouge, and contracts for regional connection flights into its network. Air Canada is a sixth-freedom airline, which flies many passengers on long-haul trips to and from the US with a layover in Canada.
86GF Score
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