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Air Arabia PJSC DFM:AIRARABIA
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.
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 Annual Data | |||||||||||||||||||||
| Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | Dec25 | |||||||||||
| Enterprise Value | Get a 7-Day Free Trial |
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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 |
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11,170.73 | 13,183.81 | 14,323.09 | 19,330.81 | 16,938.25 | ||
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.
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.
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
| Enterprise Value (A: Dec. 2025 ) | |||||
| = | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
| = | 21746.822 | + | 0 | + | 2125.041 |
| + | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
| + | 656.394 | + | 1.287 | - | 5198.732 |
| = | 19,331 |
Air Arabia PJSC's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as
| Enterprise Value (Q: Mar. 2026 ) | |||||
| = | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
| = | 18993.469 | + | 0 | + | 2293.184 |
| + | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
| + | 621.333 | + | 1.332 | - | 4971.073 |
| = | 16,938 |
* 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.
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:
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.
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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