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Asia Aviation PCL (BKK:AAV) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Asia Aviation PCL Forward PE Ratio Related Terms
Asia Aviation PCL Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Asia Aviation PCL's Forward PE Ratio 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.
Asia Aviation PCL Forward PE Ratio Chart
Asia Aviation PCL Annual Data
Trend
2023-12
2024-12
2025-12
Forward PE Ratio
15.31
9.96
13.61
Asia Aviation PCL Quarterly Data
2018-03
2022-09
2023-06
2023-09
2023-12
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
13.55
28.82
26.60
19.84
15.31
9.96
6.69
4.84
11.04
13.61
10.00
BKK:AAV vs DAL, UAL, LUV: Forward PE Ratio Comparison
For the Airlines subindustry, Asia Aviation PCL's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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.
Asia Aviation PCL Forward PE Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Asia Aviation PCL's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Asia Aviation PCL's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Asia Aviation PCL (BKK:AAV) has a Forward PE Ratio of 12.05 as of Aug. 28, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Asia Aviation PCL and its competitors. According to the industry distribution chart, Asia Aviation PCL ranks #201 out of 491 companies in the Transportation industry, placing it in the top 40.9%.
Is Asia Aviation PCL's Forward PE Ratio too high?
Asia Aviation PCL's current Forward PE Ratio is 12.05. The Transportation industry median Forward PE Ratio is 13.69. Asia Aviation PCL's value of 12.05 is 12% below this industry median. Based on the distribution chart, Asia Aviation PCL ranks #201 out of 491 companies in the Transportation industry, which is above the industry midpoint. Overall, Asia Aviation PCL has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asia Aviation PCL's Forward PE Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Asia Aviation PCL ranks #201 out of 491 companies for Forward PE Ratio. This puts Asia Aviation PCL in the upper half of its industry. The industry median Forward PE Ratio is 13.69. Asia Aviation PCL's value of 12.05 is 12% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Transportation company?
The median Forward PE Ratio among Transportation companies is 13.69, based on 491 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asia Aviation PCL's current Forward PE Ratio of 12.05 is 12% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Asia Aviation PCL and its competitors. For the Transportation industry, the median Forward PE Ratio is 13.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Aviation PCL's current Forward PE Ratio is 12.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Aviation PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Aviation PCL (BKK:AAV) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.99, compared to a current price of ฿1.03 — trading 48.2% below its estimated fair value. The current Forward PE Ratio is 12.05 and 12% below the Transportation industry median of 13.69. Asia Aviation PCL's overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Asia Aviation PCL (BKK:AAV), the current Forward PE Ratio is 12.05 as of Aug. 28, 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 Asia Aviation PCL (BKK:AAV) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Aviation PCL stock appears to be undervalued.
The current stock price of ฿1.03 is trading 48.2% below its estimated GF Value™ of ฿1.99.
GuruFocus considers Asia Aviation PCL to be Possible Value Trap.
Key valuation signals for BKK:AAV:
Forward PE Ratio: 12.05
GF Value™: ฿1.99 vs. price of ฿1.03 (48.2% below fair value)
Industry Position: 12% below the Transportation median (#201 of 491)
No single metric tells the full story. See the BKK:AAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressVibhavadee Rangsit Road, 3rd Floor, Central Office Building, Room No. 3200, 222, Don Mueang International Airport, Sanam Bin District, Don Mueang District, Bangkok, THA, 10210
Asia Aviation PCL is a holding company for Thai AirAsia Company Ltd that is engaged in investing in a low-fare airline business company. It has two reportable operating segments: Schedule flight operations and Chartered flight operations. The majority of the group's revenue is generated from the Schedule flight operations segment, which provides passenger air transportation services to routine destinations for scheduled flights. The group sells tickets through its distribution channels such as website, sales counter, travel agents, etc. The Chartered flight operations offer passenger air transportation services to non-routine destinations. Flights are operated when there is a booking from customers, normally tourist agency companies. Geographically, the group operates only in Thailand.
65GF Score
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