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Air ChinaHAM:AD2 -0.88%64 EV-to-EBITDA is 41.21 as of Jul. 30, 2026, which is 148% above its 10-year median of 16.61. GuruFocus rates HAM:AD2 with a GF Score™ of 64/100 and a GF Value™ of €0.66. The stock has 5 warning signs investors should review. Among 904 Transportation companies, Air China ranks worse than 93.25% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Air China's enterprise value is €40,365 Mil.
Air China's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €979 Mil. Therefore, Air China's EV-to-EBITDA for today is 41.21.
The historical rank and industry rank for Air China's EV-to-EBITDA or its related term are showing as below:
HAM:AD2'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -77.53 Med: 16.61 Max: 84.04
Current: 38.67
During the past 13 years, the highest EV-to-EBITDA of Air China was 84.04. The lowest was -77.53. And the median was 16.61.
HAM:AD2's EV-to-EBITDA is ranked worse than 93.25% of 904
companies
in the Transportation industry
Industry Median: 8.7
vs HAM:AD2: 38.67
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Air China (HAM:AD2) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Air China's share price for today is €0.4604.
Air China's 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 €0.013.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Air China's EV-to-EBITDA 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.
For the Airlines subindustry, Air China's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, Air China's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Air China's EV-to-EBITDA falls into.
Air China's current Enterprise Value is €40,365 Mil.
Air China's EBITDA 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 €979 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.
Air China (HAM:AD2) has a EV-to-EBITDA of 41.21 as of Jul. 30, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Air China. This is 148% above median its historical median of 16.61. According to the industry distribution chart, Air China ranks #843 out of 904 companies in the Transportation industry, placing it in the top 93.3%.
Is Air China's EV-to-EBITDA too high?
Air China's current EV-to-EBITDA of 41.21 is 148% above median its 10-year median of 16.61. The Transportation industry median EV-to-EBITDA is 8.70. Air China's value of 41.21 is 373.7% above this industry median. Based on the distribution chart, Air China ranks #843 out of 904 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Air China has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Air China's EV-to-EBITDA compare to DAL and UAL?
According to the Transportation industry distribution chart, Air China ranks #843 out of 904 companies for EV-to-EBITDA. This places Air China in the lower half of its industry. The industry median EV-to-EBITDA is 8.70. Air China's value of 41.21 is 373.7% above this benchmark. While the company's 10-year median is 16.61 vs. the industry median of 8.70, Air China 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 EV-to-EBITDA for a Transportation company?
The median EV-to-EBITDA among Transportation companies is 8.70, based on 904 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air China's current EV-to-EBITDA of 41.21 is 373.7% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Air China. For the Transportation industry, the median EV-to-EBITDA is 8.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air China's current EV-to-EBITDA is 41.21, which is 148% above median its own 10-year median of 16.61. 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?
Air China (HAM:AD2) has a current EV-to-EBITDA of 41.21. The stock's GF Value™ is €0.66, compared to a current price of €0.46 — trading 30.2% below its estimated fair value. The current EV-to-EBITDA is 41.21, which is 148% above median its 10-year median of 16.61 and 373.7% above the Transportation industry median of 8.70. Air China's overall GF Score™ is 64/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Air China (HAM:AD2), the current EV-to-EBITDA is 41.21 as of Jul. 30, 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 (HAM:AD2) Overvalued in 2026?
Based on GuruFocus' analysis, Air China stock appears to be undervalued.
The current stock price of €0.46 is trading 30.2% below its estimated GF Value™ of €0.66.
Key valuation signals for HAM:AD2:
EV-to-EBITDA: 41.21 (148% above median its 10-year median of 16.61)
GF Value™: €0.66 vs. price of €0.46 (30.2% below fair value)
Industry Position: 373.7% above the Transportation median (#843 of 904)
No single metric tells the full story. See the HAM:AD2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
64GF Score
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EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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