Asia Aviation PCL (BKK:AAV) EBIT: ฿4,764 Mil (TTM As of Mar. 2026)

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BKK:AAV Asia Aviation PCL BKK:AAV
65 GF Score
Price ฿1.07
GF Value ฿2.18
Valuation Possible Value Trap
! 6 Warning Signs
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What is Asia Aviation PCL EBIT?

Asia Aviation PCL BKK:AAV 65 EBIT is ฿4,764 Mil as of Mar. 2026. GuruFocus rates BKK:AAV with a GF Score™ of 65/100 and a GF Value™ of ฿2.18 (Possible Value Trap). The stock has 6 warning signs investors should review.

Asia Aviation PCL's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ฿1,749 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ฿4,764 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Asia Aviation PCL's annualized ROC % for the quarter that ended in Mar. 2026 was 9.34%. Asia Aviation PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Asia Aviation PCL's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.84%.


Asia Aviation PCL  (BKK:AAV) EBIT Explanation

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

Asia Aviation PCL'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 )
=8802.944 * ( 1 - 21.28% )/( (75501.077 + 72883.748)/ 2 )
=6929.6775168/74192.4125
=9.34 %

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))
=76337.681 - 12409.904 - ( 4405.234 - max(0, 28329.249 - 16755.949+4405.234))
=75501.077

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))
=75998.167 - 13098.1 - ( 1599.145 - max(0, 27535.573 - 17551.892+1599.145))
=72883.748

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

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

Asia Aviation PCL'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 )
=6994.328/( ( (31636.452 + max(-15995.977, 0)) + (30436.11 + max(-15987.03, 0)) )/ 2 )
=6994.328/( ( 31636.452 + 30436.11 )/ 2 )
=6994.328/31036.281
=22.54 %

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)
=(247.971 + 703.529 + 981.674) - (12409.904 + 5436.256 + 82.990999999998)
=-15995.977

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(231.7 + 701.355 + 1092.455) - (13098.1 + 4914.44 + 0)
=-15987.03

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:

Asia Aviation PCL's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=4763.971/53888.676
=8.84 %

* 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.


Asia Aviation PCL EBIT Related Terms


Asia Aviation PCL EBIT Historical Data

* Premium members only.

The historical data trend for Asia Aviation PCL'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.

Asia Aviation PCL EBIT Chart

Asia Aviation PCL 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 -11,965.66 -8,552.15 2,690.71 6,599.92 5,400.10

Asia Aviation PCL 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 2,384.71 801.63 -331.77 2,545.52 1,748.58

BKK:AAV vs DAL, UAL, LUV: EBIT Comparison

For the Airlines subindustry, Asia Aviation PCL'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.


Asia Aviation PCL EV-to-EBIT vs Transportation Industry

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

* The bar in red indicates where Asia Aviation PCL's EV-to-EBIT falls into.


BKK:AAV
65GF Score
Asia Aviation PCL BKK:AAV
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asia Aviation PCL 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 ฿4,764 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 ฿4,764 Mil mean?
Asia Aviation PCL (BKK:AAV) has a EBIT of ฿4,764 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Asia Aviation PCL.
Is Asia Aviation PCL's EBIT too high?
Asia Aviation PCL's current EBIT is ฿4,764 Mil. Overall, Asia Aviation PCL has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asia Aviation PCL's EBIT compare to DAL and UAL?
Asia Aviation PCL's EBIT of ฿4,764 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 Asia Aviation PCL. Asia Aviation PCL's current EBIT is ฿4,764 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Aviation PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Aviation PCL (BKK:AAV) is currently considered Possible Value Trap. The stock's GF Value™ is ฿2.18, compared to a current price of ฿1.07 — trading 50.9% below its estimated fair value. The current EBIT is ฿4,764 Mil. Asia Aviation PCL's overall GF Score™ is 65/100 with 6 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 Asia Aviation PCL (BKK:AAV), the current EBIT is ฿4,764 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 Asia Aviation PCL (BKK:AAV) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Aviation PCL stock appears to be undervalued. The current stock price of ฿1.07 is trading 50.9% below its estimated GF Value™ of ฿2.18. GuruFocus considers Asia Aviation PCL to be Possible Value Trap.

Key valuation signals for BKK:AAV:

  • EBIT: ฿4,764 Mil
  • GF Value™: ฿2.18 vs. price of ฿1.07 (50.9% below fair value)
  • GF Score™: 65/100 with 6 warning signs

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


Asia Aviation PCL Business Description

Other Exchanges 55AA:Germany
Address Vibhavadee Rangsit Road, 3rd Floor, Central Office Building, Room No. 3200, 222, Don Mueang International Airport, Sanam Bin District, Don Mueang District, Bangkok, THA, 10210
Asia Aviation PCL is a holding company for Thai AirAsia Company Ltd that is engaged in investing in a low-fare airline business company. It has two reportable operating segments: Schedule flight operations and Chartered flight operations. The majority of the group's revenue is generated from the Schedule flight operations segment, which provides passenger air transportation services to routine destinations for scheduled flights. The group sells tickets through its distribution channels such as website, sales counter, travel agents, etc. The Chartered flight operations offer passenger air transportation services to non-routine destinations. Flights are operated when there is a booking from customers, normally tourist agency companies. Geographically, the group operates only in Thailand.
65GF Score

Get the complete analysis for BKK:AAV

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

฿1.07
Price
฿2.18
GF Value