Air Canada (Air Canada) Forward PE Ratio : 5.75 (As of May. 09, 2024)

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What is Air Canada Forward PE Ratio?

Air Canada's Forward PE Ratio for today is 5.75.

Air Canada's PE Ratio without NRI for today is 3.59.

Air Canada's PE Ratio for today is 3.20.

Air Canada Forward PE Ratio Historical Data

The historical data trend for Air Canada'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.

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Air Canada Forward PE Ratio Chart

Air Canada Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-03

2022-12

2023-12

2024-05

Forward PE Ratio

2.85

3.71

6.92

7.16

10.96

9.96

15.85

5.93

6.49

Air Canada Quarterly Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-03	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	2.85	2.90	2.47	2.92	3.71	5.31	5.90	5.40	6.92	8.64	7.65	7.72	7.16	8.31	10.95	8.88	10.96	9.96	14.64	15.85	53.19	9.76	5.58	5.93	6.66

Competitive Comparison of Air Canada's Forward PE Ratio

For the Airlines subindustry, Air Canada'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.

Air Canada's Forward PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air Canada's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Air Canada's Forward PE Ratio falls into.

Air Canada Forward PE Ratio Calculation

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.

Air Canada (OTCPK:ACDVF) 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 .

Air Canada Forward PE Ratio Related Terms

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Air Canada (Air Canada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air Canada (OTCPK:ACDVF) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

ADH2:Germany AC:Canada

Address

7373 Cote Vertu Boulevard West, Air Canada Centre, Saint-Laurent, QC, CAN, H4S 1Z3

Website

https://www.aircanada.com

Air Canada is Canada's largest airline, generally serving nearly 50 million passengers each year together with its low-cost sub-brand called Rouge and contracts for regional connection flights to its network. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2022, the company generated CAD 16.6 billion in total revenue, down from CAD 19 billion in 2019 as the airline is still recovering from the pandemic and related travel restrictions.