China Airlines (TPE:2610) EV-to-EBITDA: 4.03 (As of Aug. 19, 2026) — 20% Below 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.

TPE:2610 China Airlines Ltd TPE:2610
87 GF Score
Price NT$19.90
GF Value NT$24.85
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is China Airlines EV-to-EBITDA?

China Airlines TPE:2610 -1.00% 87 EV-to-EBITDA is 4.03 as of Aug. 19, 2026, which is 20% below its 10-year median of 5.02. GuruFocus rates TPE:2610 with a GF Score™ of 87/100 and a GF Value™ of NT$24.85 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 899 Transportation companies, China Airlines ranks better than 85.65% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, China Airlines's enterprise value is NT$207,077 Mil. China Airlines's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was NT$51,380 Mil. Therefore, China Airlines's EV-to-EBITDA for today is 4.03.

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

TPE:2610' s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.11   Med: 5.02   Max: 9.69
Current: 4.03

During the past 13 years, the highest EV-to-EBITDA of China Airlines was 9.69. The lowest was 3.11. And the median was 5.02.

TPE:2610's EV-to-EBITDA is ranked better than
85.65% of 899 companies
in the Transportation industry
Industry Median: 8.65 vs TPE:2610: 4.03

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 (2026-08-19), China Airlines's stock price is NT$19.90. China Airlines's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was NT$2.150. Therefore, China Airlines's PE Ratio (TTM) for today is 9.26.

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


China Airlines  (TPE:2610) 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.

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

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=19.90/2.150
=9.26

China Airlines's share price for today is NT$19.90.
China Airlines's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$2.150.

* 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?


China Airlines EV-to-EBITDA Related Terms


China Airlines EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for China Airlines'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.

China Airlines EV-to-EBITDA Chart

China Airlines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.37 5.15 4.54 3.67 3.39

China Airlines Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.35 3.48 3.39 3.29 4.46

TPE:2610 vs DAL, UAL, LUV: EV-to-EBITDA Comparison

For the Airlines subindustry, China Airlines'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.


China Airlines EV-to-EBITDA vs Transportation Industry

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

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


TPE:2610
87GF Score
China Airlines Ltd TPE:2610
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Airlines EV-to-EBITDA Calculation

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

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=207076.753/51379.516
=4.03

China Airlines's current Enterprise Value is NT$207,077 Mil.
China Airlines's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$51,380 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 4.03 mean?
China Airlines (TPE:2610) has a EV-to-EBITDA of 4.03 as of Aug. 19, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on China Airlines. This is 20% below median its historical median of 5.02. Over the past decade, China Airlines' EV-to-EBITDA has ranged from 3.11 to 9.69. According to the industry distribution chart, China Airlines ranks #129 out of 899 companies in the Transportation industry, placing it in the top 14.3%.
Is China Airlines' EV-to-EBITDA too high?
China Airlines' current EV-to-EBITDA of 4.03 is 20% below median its 10-year median of 5.02. Over the past 10 years, this metric has ranged from a low of 3.11 to a high of 9.69. The Transportation industry median EV-to-EBITDA is 8.65. China Airlines' value of 4.03 is 53.4% below this industry median. Based on the distribution chart, China Airlines ranks #129 out of 899 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, China Airlines has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Airlines' EV-to-EBITDA compare to DAL and UAL?
According to the Transportation industry distribution chart, China Airlines ranks #129 out of 899 companies for EV-to-EBITDA. This places China Airlines in the top 14% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 8.65. China Airlines' value of 4.03 is 53.4% below this benchmark. Historically, China Airlines' own EV-to-EBITDA has ranged from 3.11 to 9.69 over the past decade. While the company's 10-year median is 5.02 vs. the industry median of 8.65, China Airlines 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 8.65, based on 899 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. China Airlines's current EV-to-EBITDA of 4.03 is 53.4% 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 China Airlines. For the Transportation industry, the median EV-to-EBITDA is 8.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Airlines's current EV-to-EBITDA is 4.03, which is 20% below median its own 10-year median of 5.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Airlines stock overvalued right now?
Based on GuruFocus' analysis, China Airlines (TPE:2610) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$24.85, compared to a current price of NT$19.90 — trading 19.9% below its estimated fair value. The current EV-to-EBITDA is 4.03, which is 20% below median its 10-year median of 5.02 and 53.4% below the Transportation industry median of 8.65. China Airlines' overall GF Score™ is 87/100 with 4 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 China Airlines (TPE:2610), the current EV-to-EBITDA is 4.03 as of Aug. 19, 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 China Airlines (TPE:2610) Overvalued in 2026?

Based on GuruFocus' analysis, China Airlines stock appears to be undervalued. The current stock price of NT$19.90 is trading 19.9% below its estimated GF Value™ of NT$24.85. GuruFocus considers China Airlines to be Modestly Undervalued.

Key valuation signals for TPE:2610:

  • EV-to-EBITDA: 4.03 (20% below median its 10-year median of 5.02)
  • GF Value™: NT$24.85 vs. price of NT$19.90 (19.9% below fair value)
  • GF Score™: 87/100 with 4 warning signs
  • Industry Position: 53.4% below the Transportation median (#129 of 899)

No single metric tells the full story. See the TPE:2610 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Airlines Business Description

Address No. 1, Hangzhan South Road, Dayuan District, Taoyuan, TWN
China Airlines Ltd provides air transportation services. The company is composed of its flight and non-flight segments. The flight segment is the core business of the firm and offers transport services primarily for passengers and cargo. A vast proportion of the companies revenue is generated from transporting passengers in its flight operating unit. The non-flight segment provides various services such as mail and ground solutions, data processing services to other airlines, aircraft maintenance, and aircraft leasing. It engages in air transportation services for passengers, cargo and others. The company's geographical segments include America, Northeast Asia, Southeast Asia, Europe, Australia, China, and Domestic.
87GF Score

Get the complete analysis for TPE:2610

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

NT$19.90
Price
NT$24.85
GF Value