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Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). AirAsia Group Bhd's share price for the quarter that ended in Mar. 2026 was RM1.11. AirAsia Group Bhd's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 3,361 Mil. Therefore, AirAsia Group Bhd's market cap for the quarter that ended in Mar. 2026 was RM3,731 Mil.
AirAsia Group Bhd's quarterly market cap
increased
from Sep. 2025 (RM720 Mil) to Dec. 2025 (RM778 Mil) and
increased
from Dec. 2025 (RM778 Mil) to Mar. 2026 (RM3,731 Mil).
AirAsia Group Bhd's annual market cap
increased
from Dec. 2023 (RM836 Mil) to Dec. 2024 (RM894 Mil) but then
declined
from Dec. 2024 (RM894 Mil) to Dec. 2025 (RM778 Mil).
Enterprise Value is 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 and cash equivalents. AirAsia Group Bhd's Enterprise Value for Today is RM21,097 Mil.
AirAsia Group Bhd (XKLS:5238) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
AirAsia Group Bhd Market Cap Related Terms
AirAsia Group Bhd Market Cap Historical Data
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The historical data trend for AirAsia Group Bhd's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Transportation Industry
For the Transportation industry and Industrials sector, AirAsia Group Bhd's Market Cap distribution charts can be found below:
* The bar in red indicates where AirAsia Group Bhd's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
AirAsia Group Bhd's Market Cap for the fiscal year 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.
AirAsia Group Bhd (XKLS:5238) has a Market Cap of RM3,731 Mil as of Jul. 14, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on AirAsia Group Bhd and its competitors. According to the industry distribution chart, AirAsia Group Bhd ranks #313 out of 1029 companies in the Transportation industry, placing it in the top 30.4%.
Is AirAsia Group Bhd's Market Cap too high?
AirAsia Group Bhd's current Market Cap is RM3,731 Mil. Based on the distribution chart, AirAsia Group Bhd ranks #313 out of 1029 companies in the Transportation industry, which is above the industry midpoint. 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 Market Cap compare to DAL and UAL?
According to the Transportation industry distribution chart, AirAsia Group Bhd ranks #313 out of 1029 companies for Market Cap. This puts AirAsia Group Bhd in the upper half of its industry. The industry median Market Cap is 257.29. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Transportation company?
The median Market Cap among Transportation companies is 257.29, based on 1,029 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on AirAsia Group Bhd and its competitors. For the Transportation industry, the median Market Cap is 257.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AirAsia Group Bhd's current Market Cap is RM3,731 Mil. 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 RM1.60, compared to a current price of RM1.11 — trading 30.6% below its estimated fair value. The current Market Cap is RM3,731 Mil. 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For AirAsia Group Bhd (XKLS:5238), the current Market Cap is RM3,731 Mil as of Jul. 14, 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 RM1.11 is trading 30.6% below its estimated GF Value™ of RM1.60.
GuruFocus considers AirAsia Group Bhd to be Possible Value Trap.
Key valuation signals for XKLS:5238:
Market Cap: RM3,731 Mil
GF Value™: RM1.60 vs. price of RM1.11 (30.6% 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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