Asia Aviation PCL (BKK:AAV) EBITDA Margin %: 22.26% (As of Mar. 2026) — 132% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:AAV Asia Aviation PCL BKK:AAV
65 GF Score
Price ฿1.07
GF Value ฿2.18
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Asia Aviation PCL EBITDA Margin %?

Asia Aviation PCL BKK:AAV 65 EBITDA Margin % is 22.26% as of Mar. 2026, which is 132% above its 10-year median of 9.60. 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. Among 1,002 Transportation companies, Asia Aviation PCL ranks better than 66.07% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Asia Aviation PCL's EBITDA for the three months ended in Mar. 2026 was ฿3,011 Mil. Asia Aviation PCL's Revenue for the three months ended in Mar. 2026 was ฿13,530 Mil. Therefore, Asia Aviation PCL's EBITDA margin for the quarter that ended in Mar. 2026 was 22.26%.


Asia Aviation PCL  (BKK:AAV) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Asia Aviation PCL EBITDA Margin % Related Terms


Asia Aviation PCL EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Asia Aviation PCL's EBITDA Margin % 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 EBITDA Margin % Chart

Asia Aviation PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -170.60 -13.89 18.63 21.64 22.50

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
EBITDA Margin % 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 26.31 20.26 10.38 28.80 22.26

BKK:AAV vs DAL, UAL, LUV: EBITDA Margin % Comparison

For the Airlines subindustry, Asia Aviation PCL's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Asia Aviation PCL's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where Asia Aviation PCL's EBITDA Margin % falls into.


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

Asia Aviation PCL EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Asia Aviation PCL's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=10282.175/45690.861
=22.50 %

Asia Aviation PCL's EBITDA Margin % for the quarter that ended in Mar. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=3011.161/13529.846
=22.26 %

* 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 EBITDA Margin % →
What does a EBITDA Margin % of 22.26% mean?
Asia Aviation PCL (BKK:AAV) has a EBITDA Margin % of 22.26% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Asia Aviation PCL and its competitors. This is 132% above median its historical median of 9.60. According to the industry distribution chart, Asia Aviation PCL ranks #340 out of 1002 companies in the Transportation industry, placing it in the top 33.9%.
Is Asia Aviation PCL's EBITDA Margin % too high?
Asia Aviation PCL's current EBITDA Margin % of 22.26% is 132% above median its 10-year median of 9.60. The Transportation industry median EBITDA Margin % is 13.76. Asia Aviation PCL's value of 22.26% is 61.8% above this industry median. Based on the distribution chart, Asia Aviation PCL ranks #340 out of 1002 companies in the Transportation industry, which is above the industry midpoint. 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 EBITDA Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Asia Aviation PCL ranks #340 out of 1002 companies for EBITDA Margin %. This puts Asia Aviation PCL in the upper half of its industry. The industry median EBITDA Margin % is 13.76. Asia Aviation PCL's value of 22.26% is 61.8% above this benchmark. While the company's 10-year median is 9.60 vs. the industry median of 13.76, Asia Aviation PCL 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 EBITDA Margin % for a Transportation company?
The median EBITDA Margin % among Transportation companies is 13.76, based on 1,002 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asia Aviation PCL's current EBITDA Margin % of 22.26% is 61.8% 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Asia Aviation PCL and its competitors. For the Transportation industry, the median EBITDA Margin % is 13.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Aviation PCL's current EBITDA Margin % is 22.26%, which is 132% above median its own 10-year median of 9.60. 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 EBITDA Margin % is 22.26%, which is 132% above median its 10-year median of 9.60 and 61.8% above the Transportation industry median of 13.76. 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 EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Asia Aviation PCL (BKK:AAV), the current EBITDA Margin % is 22.26% 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:

  • EBITDA Margin %: 22.26% (132% above median its 10-year median of 9.60)
  • GF Value™: ฿2.18 vs. price of ฿1.07 (50.9% below fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 61.8% above the Transportation median (#340 of 1002)

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

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

฿1.07
Price
฿2.18
GF Value