Air Arabia PJSC (DFM:AIRARABIA) Enterprise Value: د.إ22,165 Mil (As of Jul. 20, 2026) ***

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.

DFM:AIRARABIA Air Arabia PJSC DFM:AIRARABIA
80 GF Score
Price د.إ5.19
GF Value د.إ3.84
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Air Arabia PJSC Enterprise Value?

Air Arabia PJSC DFM:AIRARABIA -0.19% 80 Enterprise Value is د.إ22,165 Mil as of Jul. 20, 2026. GuruFocus rates DFM:AIRARABIA with a GF Score™ of 80/100 and a GF Value™ of د.إ3.84 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Air Arabia PJSC's Enterprise Value is د.إ22,165 Mil. Air Arabia PJSC's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was د.إ1,825 Mil. Therefore, Air Arabia PJSC's EV-to-EBIT ratio for today is 12.15.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Air Arabia PJSC's Enterprise Value is د.إ22,165 Mil. Air Arabia PJSC's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was د.إ2,461 Mil. Therefore, Air Arabia PJSC's EV-to-EBITDA ratio for today is 9.01.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Air Arabia PJSC's Enterprise Value is د.إ22,165 Mil. Air Arabia PJSC's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was د.إ7,833 Mil. Therefore, Air Arabia PJSC's EV-to-Revenue ratio for today is 2.83.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Air Arabia PJSC's Enterprise Value is د.إ22,165 Mil. Air Arabia PJSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was د.إ2,314 Mil. Therefore, Air Arabia PJSC's EV-to-OCF ratio for today is 9.58.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Air Arabia PJSC's Enterprise Value is د.إ22,165 Mil. Air Arabia PJSC's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was د.إ316 Mil. Therefore, Air Arabia PJSC's EV-to-FCF ratio for today is 70.22.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Air Arabia PJSC  (DFM:AIRARABIA) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Air Arabia PJSC's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=22164.949/1824.817
=12.15

Air Arabia PJSC's current Enterprise Value is د.إ22,165 Mil.
Air Arabia PJSC's 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 د.إ1,825 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Air Arabia PJSC's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=22164.949/2460.603
=9.01

Air Arabia PJSC's current Enterprise Value is د.إ22,165 Mil.
Air Arabia PJSC'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 د.إ2,461 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Air Arabia PJSC's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=22164.949/7832.959
=2.83

Air Arabia PJSC's current Enterprise Value is د.إ22,165 Mil.
Air Arabia PJSC's Revenue 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 د.إ7,833 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Air Arabia PJSC's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=22164.949/2314.463
=9.58

Air Arabia PJSC's current Enterprise Value is د.إ22,165 Mil.
Air Arabia PJSC's Cash Flow from Operations 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 د.إ2,314 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Air Arabia PJSC's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=22164.949/315.672
=70.22

Air Arabia PJSC's current Enterprise Value is د.إ22,165 Mil.
Air Arabia PJSC's Free Cash Flow 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 د.إ316 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 Arabia PJSC Enterprise Value Related Terms


Air Arabia PJSC Enterprise Value Historical Data

* Premium members only.

The historical data trend for Air Arabia PJSC's Enterprise Value 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.

Air Arabia PJSC Enterprise Value Chart

Air Arabia PJSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,162.95 8,185.88 10,193.76 11,157.09 19,330.81

Air Arabia PJSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value 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 11,170.73 13,183.81 14,323.09 19,330.81 16,938.25

DFM:AIRARABIA vs DAL, UAL, LUV: Enterprise Value Comparison

For the Airlines subindustry, Air Arabia PJSC's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Arabia PJSC Enterprise Value vs Transportation Industry

For the Transportation industry and Industrials sector, Air Arabia PJSC's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Air Arabia PJSC's Enterprise Value falls into.


DFM:AIRARABIA
80GF Score
Air Arabia PJSC DFM:AIRARABIA
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Air Arabia PJSC Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Air Arabia PJSC's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Air Arabia PJSC's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of د.إ22,165 Mil mean?
Air Arabia PJSC (DFM:AIRARABIA) has a Enterprise Value of د.إ22,165 Mil as of Jul. 20, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Air Arabia PJSC and its competitors.
Is Air Arabia PJSC's Enterprise Value too high?
Air Arabia PJSC's current Enterprise Value is د.إ22,165 Mil. Overall, Air Arabia PJSC has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air Arabia PJSC's Enterprise Value compare to DAL and UAL?
Air Arabia PJSC's Enterprise Value of د.إ22,165 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 Enterprise Value for a Transportation company?
A good Enterprise Value depends on the Transportation industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Air Arabia PJSC and its competitors. Air Arabia PJSC's current Enterprise Value is د.إ22,165 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Arabia PJSC stock overvalued right now?
Based on GuruFocus' analysis, Air Arabia PJSC (DFM:AIRARABIA) is currently considered Significantly Overvalued. The stock's GF Value™ is د.إ3.84, compared to a current price of د.إ5.19 — trading 35.2% above its estimated fair value. The current Enterprise Value is د.إ22,165 Mil. Air Arabia PJSC's overall GF Score™ is 80/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Air Arabia PJSC (DFM:AIRARABIA), the current Enterprise Value is د.إ22,165 Mil as of Jul. 20, 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 Arabia PJSC (DFM:AIRARABIA) Overvalued in 2026?

Based on GuruFocus' analysis, Air Arabia PJSC stock appears to be overvalued. The current stock price of د.إ5.19 is trading 35.2% above its estimated GF Value™ of د.إ3.84. GuruFocus considers Air Arabia PJSC to be Significantly Overvalued.

Key valuation signals for DFM:AIRARABIA:

  • Enterprise Value: د.إ22,165 Mil
  • GF Value™: د.إ3.84 vs. price of د.إ5.19 (35.2% above fair value)
  • GF Score™: 80/100 with 8 warning signs

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


Air Arabia PJSC Business Description

Address Sharjah Airport Road, AONE Building, Po Box 132, Sharjah, ARE
Air Arabia PJSC is a group of airlines and companies offering travel and tourism services internationally. Its activities include international commercial air transportation, aircraft trading and rental, aircraft spare parts trading, passenger transport, cargo services, aviation training, aircraft repairs and maintenance, as well as travel and tourist agencies, hotels, hotel apartment rentals, representative offices, and document transfer services. The company operates through two segments: Airline, covering air transportation, aircraft rental, passenger transport, cargo services, aviation training, and aircraft repairs and maintenance, and Other, covering travel and tourist agencies, hotels, hotel apartment rentals, representative offices, and document transfer services.
80GF Score

Get the complete analysis for DFM:AIRARABIA

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

د.إ5.19
Price
د.إ3.84
GF Value