JAPSY (Japan Airlines Co) EV-to-EBITDA: 2.77 (As of Jul. 29, 2026) — 38% Below Median

Author: Vera Yuan Vera Yuan
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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.
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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.

JAPSY Japan Airlines Co Ltd JAPSY
82 GF Score
Price $9.17
GF Value $9.99
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Japan Airlines Co EV-to-EBITDA?

Japan Airlines Co JAPSY +0.55% 82 EV-to-EBITDA is 2.77 as of Jul. 29, 2026, which is 38% below its 10-year median of 4.44. GuruFocus rates JAPSY with a GF Score™ of 82/100 and a GF Value™ of $9.99 (Fairly Valued). The stock has 3 warning signs investors should review. Among 904 Transportation companies, Japan Airlines Co ranks better than 91.26% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Japan Airlines Co's enterprise value is $7,149 Mil. Japan Airlines Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $2,579 Mil. Therefore, Japan Airlines Co's EV-to-EBITDA for today is 2.77.

The historical rank and industry rank for Japan Airlines Co's EV-to-EBITDA or its related term are showing as below:

JAPSY' s EV-to-EBITDA Range Over the Past 10 Years
Min: -723.64   Med: 4.44   Max: 17.97
Current: 2.77

During the past 13 years, the highest EV-to-EBITDA of Japan Airlines Co was 17.97. The lowest was -723.64. And the median was 4.44.

JAPSY's EV-to-EBITDA is ranked better than
91.26% of 904 companies
in the Transportation industry
Industry Median: 8.755 vs JAPSY: 2.77

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.

As of today (2026-07-29), Japan Airlines Co's stock price is $9.17. Japan Airlines Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $1.013. Therefore, Japan Airlines Co's PE Ratio (TTM) for today is 9.05.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Japan Airlines Co  (OTCPK:JAPSY) 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.

Japan Airlines Co's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=9.17/1.013
=9.05

Japan Airlines Co's share price for today is $9.17.
Japan Airlines Co'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 $1.013.

* 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).

Please read Which price ratio outperforms the enterprise multiple?


Japan Airlines Co EV-to-EBITDA Related Terms


Japan Airlines Co EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Japan Airlines Co'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.

Japan Airlines Co EV-to-EBITDA Chart

Japan Airlines Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -24.49 6.42 4.82 3.94 2.51

Japan Airlines Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBITDA 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 3.94 3.57 3.55 3.35 2.51

JAPSY vs DAL, UAL, LUV: EV-to-EBITDA Comparison

For the Airlines subindustry, Japan Airlines Co'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.


Japan Airlines Co EV-to-EBITDA vs Transportation Industry

For the Transportation industry and Industrials sector, Japan Airlines Co's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Japan Airlines Co's EV-to-EBITDA falls into.


JAPSY
82GF Score
Japan Airlines Co Ltd JAPSY
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Japan Airlines Co EV-to-EBITDA Calculation

Japan Airlines Co's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=7148.543/2579.344
=2.77

Japan Airlines Co's current Enterprise Value is $7,149 Mil.
Japan Airlines Co'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 $2,579 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 EV-to-EBITDA →
What does a EV-to-EBITDA of 2.77 mean?
Japan Airlines Co (JAPSY) has a EV-to-EBITDA of 2.77 as of Jul. 29, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Japan Airlines Co. This is 38% below median its historical median of 4.44. According to the industry distribution chart, Japan Airlines Co ranks #79 out of 904 companies in the Transportation industry, placing it in the top 8.7%.
Is Japan Airlines Co's EV-to-EBITDA too high?
Japan Airlines Co's current EV-to-EBITDA of 2.77 is 38% below median its 10-year median of 4.44. The Transportation industry median EV-to-EBITDA is 8.76. Japan Airlines Co's value of 2.77 is 68.4% below this industry median. Based on the distribution chart, Japan Airlines Co ranks #79 out of 904 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Japan Airlines Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Airlines Co's EV-to-EBITDA compare to DAL and UAL?
According to the Transportation industry distribution chart, Japan Airlines Co ranks #79 out of 904 companies for EV-to-EBITDA. This places Japan Airlines Co in the top 9% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 8.76. Japan Airlines Co's value of 2.77 is 68.4% below this benchmark. While the company's 10-year median is 4.44 vs. the industry median of 8.76, Japan Airlines Co has consistently been below 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 8.76, 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. Japan Airlines Co's current EV-to-EBITDA of 2.77 is 68.4% below 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 Japan Airlines Co. For the Transportation industry, the median EV-to-EBITDA is 8.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Airlines Co's current EV-to-EBITDA is 2.77, which is 38% below median its own 10-year median of 4.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Airlines Co (JAPSY) is currently considered Fairly Valued. The stock's GF Value™ is $9.99, compared to a current price of $9.17 — trading 8.2% below its estimated fair value. The current EV-to-EBITDA is 2.77, which is 38% below median its 10-year median of 4.44 and 68.4% below the Transportation industry median of 8.76. Japan Airlines Co's overall GF Score™ is 82/100 with 3 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 Japan Airlines Co (JAPSY), the current EV-to-EBITDA is 2.77 as of Jul. 29, 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 Japan Airlines Co (JAPSY) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Airlines Co stock appears to be undervalued. The current stock price of $9.17 is trading 8.2% below its estimated GF Value™ of $9.99. GuruFocus considers Japan Airlines Co to be Fairly Valued.

Key valuation signals for JAPSY:

  • EV-to-EBITDA: 2.77 (38% below median its 10-year median of 4.44)
  • GF Value™: $9.99 vs. price of $9.17 (8.2% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 68.4% below the Transportation median (#79 of 904)

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


Japan Airlines Co Business Description

Address 2-4-11 Higashi-Shinagawa, Nomura Real Estate Building, Shinagawa-ku, Tokyo, JPN, 140-8605
Japan Airlines Co Ltd is an international air transport services company. It offers scheduled and non-scheduled air transport services and aerial work services. The company operates large aircraft, medium-sized aircraft, small aircraft, and regional jets. The company is also engaged in the travel planning and sales business, which covers travel planning and sales, baggage delivery, system development and operation, ticketing systems for the travel industry, and credit card services related to air travel.
82GF Score

Get the complete analysis for JAPSY

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

$9.17
Price
$9.99
GF Value