China Airlines (TPE:2610) Enterprise Value: NT$199,007 Mil (As of Jul. 01, 2026) ***


TPE:2610 China Airlines Ltd TPE:2610
57 GF Score
Price NT$23.70
GF Value NT$25.63
Valuation Fairly Valued
! 6 Warning Signs
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What is China Airlines Enterprise Value?

China Airlines TPE:2610 +2.60% 57 Enterprise Value is NT$199,007 Mil as of Jul. 01, 2026. GuruFocus rates TPE:2610 with a GF Score™ of 57/100 and a GF Value™ of NT$25.63 (Fairly Valued). The stock has 6 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, China Airlines's Enterprise Value is NT$199,007 Mil. China Airlines's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was NT$23,386 Mil. Therefore, China Airlines's EV-to-EBIT ratio for today is 8.51.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, China Airlines's Enterprise Value is NT$199,007 Mil. China Airlines's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was NT$52,634 Mil. Therefore, China Airlines's EV-to-EBITDA ratio for today is 3.78.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, China Airlines's Enterprise Value is NT$199,007 Mil. China Airlines's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was NT$207,928 Mil. Therefore, China Airlines's EV-to-Revenue ratio for today is 0.96.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, China Airlines's Enterprise Value is NT$199,007 Mil. China Airlines's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was NT$46,919 Mil. Therefore, China Airlines's EV-to-OCF ratio for today is 4.24.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, China Airlines's Enterprise Value is NT$199,007 Mil. China Airlines's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was NT$3,954 Mil. Therefore, China Airlines's EV-to-FCF ratio for today is 50.34.

*** 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.


China Airlines  (TPE:2610) 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.

China Airlines's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=199006.765/23386.389
=8.51

China Airlines's current Enterprise Value is NT$199,007 Mil.
China Airlines's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$23,386 Mil.

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

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

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=199006.765/52633.622
=3.78

China Airlines's current Enterprise Value is NT$199,007 Mil.
China Airlines's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$52,634 Mil.

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

China Airlines's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=199006.765/207927.525
=0.96

China Airlines's current Enterprise Value is NT$199,007 Mil.
China Airlines's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$207,928 Mil.

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

China Airlines's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=199006.765/46918.789
=4.24

China Airlines's current Enterprise Value is NT$199,007 Mil.
China Airlines's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$46,919 Mil.

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

China Airlines's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=199006.765/3953.561
=50.34

China Airlines's current Enterprise Value is NT$199,007 Mil.
China Airlines's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$3,954 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.


China Airlines Enterprise Value Related Terms


China Airlines Enterprise Value Historical Data

* Premium members only.

The historical data trend for China Airlines'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.

China Airlines Enterprise Value Chart

China Airlines 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 233,597.96 182,989.14 193,191.03 188,916.37 177,720.30

China Airlines Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 188,916.37 172,212.90 180,344.67 183,057.66 177,720.30

TPE:2610 vs DAL, UAL, LUV: Enterprise Value Comparison

For the Airlines subindustry, China Airlines'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.


China Airlines Enterprise Value vs Transportation Industry

For the Transportation industry and Industrials sector, China Airlines's Enterprise Value distribution charts can be found below:

* The bar in red indicates where China Airlines's Enterprise Value falls into.


TPE:2610
57GF Score
China Airlines Ltd TPE:2610
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Airlines 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.

China Airlines's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

China Airlines's Enterprise Value for the quarter that ended in Dec. 2025 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 NT$199,007 Mil mean?
China Airlines (TPE:2610) has a Enterprise Value of NT$199,007 Mil as of Jul. 01, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on China Airlines and its competitors.
Is China Airlines' Enterprise Value too high?
China Airlines' current Enterprise Value is NT$199,007 Mil. Overall, China Airlines has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Airlines' Enterprise Value compare to DAL and UAL?
China Airlines' Enterprise Value of NT$199,007 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 China Airlines and its competitors. China Airlines's current Enterprise Value is NT$199,007 Mil. 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 Fairly Valued. The stock's GF Value™ is NT$25.63, compared to a current price of NT$23.70 — trading 7.5% below its estimated fair value. The current Enterprise Value is NT$199,007 Mil. China Airlines' overall GF Score™ is 57/100 with 6 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 China Airlines (TPE:2610), the current Enterprise Value is NT$199,007 Mil as of Jul. 01, 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$23.70 is trading 7.5% below its estimated GF Value™ of NT$25.63. GuruFocus considers China Airlines to be Fairly Valued.

Key valuation signals for TPE:2610:

  • Enterprise Value: NT$199,007 Mil
  • GF Value™: NT$25.63 vs. price of NT$23.70 (7.5% below fair value)
  • GF Score™: 57/100 with 6 warning signs

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.
57GF Score

Get the complete analysis for TPE:2610

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

NT$23.70
Price
NT$25.63
GF Value