AIRYY (Air China) EBIT: $1,141 Mil (TTM 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 EBIT?

Air China AIRYY 69 EBIT is $1,141 Mil 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.

Air China's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $451 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $1,141 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Air China's annualized ROC % for the quarter that ended in Mar. 2026 was 1.45%. Air China's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Air China's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.86%.


Air China  (OTCPK:AIRYY) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Air China's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=859.156 * ( 1 - 5.48% )/( (54648.038 + 57182.188)/ 2 )
=812.0742512/55915.113
=1.45 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=48706.163 - 5769.958 - ( 2273.25 - max(0, 16653.239 - 4941.406+2273.25))
=54648.038

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=49951.867 - 5679.125 - ( 2338.364 - max(0, 18140.786 - 5231.34+2338.364))
=57182.188

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Air China's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1805.48/( ( (37444.189 + max(-5558.685, 0)) + (38305.005 + max(-5588.015, 0)) )/ 2 )
=1805.48/( ( 37444.189 + 38305.005 )/ 2 )
=1805.48/37874.597
=4.77 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(494.116 + 682.885 + 882.335) - (5769.958 + 0 + 1848.063)
=-5558.685

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(618.08 + 757.707 + 833.847) - (5679.125 + 0 + 2118.524)
=-5588.015

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Air China's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1140.631/39834.792
=2.86 %

* 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 EBIT Related Terms


Air China EBIT Historical Data

* Premium members only.

The historical data trend for Air China's EBIT 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 EBIT Chart

Air China Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2,565.43 -5,652.42 739.85 658.39 561.73

Air China Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 -135.32 150.81 772.31 -233.86 451.37

AIRYY vs DAL, UAL, LUV: EBIT Comparison

For the Airlines subindustry, Air China's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, Air China's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Air China's EV-to-EBIT falls into.


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

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT 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 $1,141 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $1,141 Mil mean?
Air China (AIRYY) has a EBIT of $1,141 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Air China.
Is Air China's EBIT too high?
Air China's current EBIT is $1,141 Mil. 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 EBIT compare to DAL and UAL?
Air China's EBIT of $1,141 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 EBIT for a Transportation company?
A good EBIT depends on the Transportation industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Air China. Air China's current EBIT is $1,141 Mil. 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 EBIT is $1,141 Mil. 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 EBIT calculated?
EBIT is calculated from a company's financial statements. For Air China (AIRYY), the current EBIT is $1,141 Mil 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:

  • EBIT: $1,141 Mil
  • 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

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

$10.40
Price
$15.92
GF Value