Net margin is calculated as Net Income divided by its Revenue. AirAsia X Bhd's Net Income for the
three
months ended in Mar. 2026 was RM-155 Mil. AirAsia X Bhd's Revenue for the
three
months ended in Mar. 2026 was RM5,950 Mil. Therefore, AirAsia X Bhd's net margin for the quarter that ended in Mar. 2026 was -2.60%.
The historical rank and industry rank for AirAsia X Bhd's Net Margin % or its related term are showing as below:
XKLS:5238'
s Net Margin % Range Over the Past 10 Years
Min: -17.69 Med: -1.34 Max: 13.12
Current: -0.16
XKLS:5238's Net Margin % is ranked worse than 80.75% of 1008
companies
in the Transportation industry
Industry Median: 4.98
vs XKLS:5238: -0.16
AirAsia X Bhd (XKLS:5238) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
AirAsia X Bhd Net Margin % Related Terms
AirAsia X Bhd Net Margin % Historical Data
* Premium members only.
The historical data trend for AirAsia X Bhd's Net Margin % 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.
XKLS:5238 vs DAL, UAL, LUV: Net Margin % Comparison
For the Airlines subindustry, AirAsia X Bhd's Net Margin %, along with its competitors' market caps and Net Margin % 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 X Bhd Net Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, AirAsia X Bhd's Net Margin % distribution charts can be found below:
* The bar in red indicates where AirAsia X Bhd's Net Margin % falls into.
* 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 X Bhd (XKLS:5238) has a Net Margin % of -2.60% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on AirAsia X Bhd and its competitors. According to the industry distribution chart, AirAsia X Bhd ranks #814 out of 1008 companies in the Transportation industry, placing it in the top 80.8%.
Is AirAsia X Bhd's Net Margin % too high?
AirAsia X Bhd's current Net Margin % is -2.60%. Based on the distribution chart, AirAsia X Bhd ranks #814 out of 1008 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, AirAsia X Bhd has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AirAsia X Bhd's Net Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, AirAsia X Bhd ranks #814 out of 1008 companies for Net Margin %. This places AirAsia X Bhd in the lower half of its industry. The industry median Net Margin % is 4.98. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Transportation company?
The median Net Margin % among Transportation companies is 4.98, based on 1,008 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on AirAsia X Bhd and its competitors. For the Transportation industry, the median Net Margin % is 4.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AirAsia X Bhd's current Net Margin % is -2.60%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AirAsia X Bhd stock overvalued right now?
Based on GuruFocus' analysis, AirAsia X Bhd (XKLS:5238) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.61, compared to a current price of RM1.18 — trading 26.7% below its estimated fair value. The current Net Margin % is -2.60%. AirAsia X Bhd's overall GF Score™ is 47/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For AirAsia X Bhd (XKLS:5238), the current Net Margin % is -2.60% as of Mar. 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 X Bhd (XKLS:5238) Overvalued in 2026?
Based on GuruFocus' analysis, AirAsia X Bhd stock appears to be undervalued.
The current stock price of RM1.18 is trading 26.7% below its estimated GF Value™ of RM1.61.
GuruFocus considers AirAsia X Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:5238:
Net Margin %: -2.60%
GF Value™: RM1.61 vs. price of RM1.18 (26.7% 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.
47GF Score
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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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