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EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, AirAsia Group Bhd's Enterprise Value is RM20,896 Mil.
AirAsia Group Bhd's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was RM-210 Mil. Therefore, AirAsia Group Bhd's EV-to-FCF for today is -99.27.
The historical rank and industry rank for AirAsia Group Bhd's EV-to-FCF or its related term are showing as below:
XKLS:5238'
s EV-to-FCF Range Over the Past 10 Years
Min: -306.95 Med: 7.98 Max: 403.31
Current: -99.43
During the past 11 years, the highest EV-to-FCF of AirAsia Group Bhd was 403.31. The lowest was -306.95. And the median was 7.98.
XKLS:5238's EV-to-FCF is ranked worse than 100% of 676
companies
in the Transportation industry
Industry Median: 14.58
vs XKLS:5238: -99.43
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
AirAsia Group Bhd (XKLS:5238) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
AirAsia Group Bhd's PE Ratio (TTM) for today is calculated as:
AirAsia Group Bhd's share price for today is RM1.05.
AirAsia Group Bhd'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 RM0.271.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
AirAsia Group Bhd EV-to-FCF Related Terms
AirAsia Group Bhd EV-to-FCF Historical Data
* Premium members only.
The historical data trend for AirAsia Group Bhd's EV-to-FCF 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.
For the Airlines subindustry, AirAsia Group Bhd's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
AirAsia Group Bhd EV-to-FCF vs Transportation Industry
For the Transportation industry and Industrials sector, AirAsia Group Bhd's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where AirAsia Group Bhd's EV-to-FCF falls into.
AirAsia Group Bhd's current Enterprise Value is RM20,896 Mil.
AirAsia Group Bhd'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 RM-210 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.
AirAsia Group Bhd (XKLS:5238) has a EV-to-FCF of -99.27 as of Aug. 02, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on AirAsia Group Bhd and its competitors. According to the industry distribution chart, AirAsia Group Bhd ranks #999999 out of 676 companies in the Transportation industry.
Is AirAsia Group Bhd's EV-to-FCF too high?
AirAsia Group Bhd's current EV-to-FCF is -99.27. Based on the distribution chart, AirAsia Group Bhd ranks #999999 out of 676 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, AirAsia Group Bhd has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AirAsia Group Bhd's EV-to-FCF compare to DAL and UAL?
According to the Transportation industry distribution chart, AirAsia Group Bhd ranks #999999 out of 676 companies for EV-to-FCF. This places AirAsia Group Bhd in the lower half of its industry. The industry median EV-to-FCF is 14.58. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Transportation company?
The median EV-to-FCF among Transportation companies is 14.58, based on 676 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on AirAsia Group Bhd and its competitors. For the Transportation industry, the median EV-to-FCF is 14.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AirAsia Group Bhd's current EV-to-FCF is -99.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AirAsia Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, AirAsia Group Bhd (XKLS:5238) is currently considered Possible Value Trap. The stock's GF Value™ is RM1.59, compared to a current price of RM1.05 — trading 34% below its estimated fair value. The current EV-to-FCF is -99.27. AirAsia Group Bhd's overall GF Score™ is 46/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For AirAsia Group Bhd (XKLS:5238), the current EV-to-FCF is -99.27 as of Aug. 02, 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 AirAsia Group Bhd (XKLS:5238) Overvalued in 2026?
Based on GuruFocus' analysis, AirAsia Group Bhd stock appears to be undervalued.
The current stock price of RM1.05 is trading 34% below its estimated GF Value™ of RM1.59.
GuruFocus considers AirAsia Group Bhd to be Possible Value Trap.
Key valuation signals for XKLS:5238:
EV-to-FCF: -99.27
GF Value™: RM1.59 vs. price of RM1.05 (34% below fair value)
No single metric tells the full story. See the XKLS:5238 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AirAsia X Bhd is a medium-haul low-cost airline operating in the Asia-Pacific region. The company is servicing scheduled flight operations to Australia (Sydney, Melbourne and Perth), China (Beijing, Hangzhou, Shanghai, Changsha, Chengdu, Chongqing, and Xi'an), India (New Delhi), South Korea (Seoul), Japan (Tokyo, Osaka and Sapporo), Taiwan (Taipei), Indonesia (Bali), Saudi Arabia (Jeddah and Medina), Kazakhstan (Almaty) and Kenya (Nairobi) from two hubs: Kuala Lumpur and Bangkok. The Group's operating segment consists of Air Operator Certificate (AOC) held under the AirAsia brand, and is categorised as Malaysia, Thailand, and Indonesia. The company generates the majority of its revenue from Malaysia.
46GF Score
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