Air China (LSE:AIRC) PB Ratio : 2.21 (As of May. 01, 2024)

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What is Air China PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-01), Air China's share price is £0.54423. Air China's Book Value per Share for the quarter that ended in Mar. 2024 was £0.25. Hence, Air China's PB Ratio of today is 2.21.

Good Sign:

Air China Ltd stock PB Ratio (=3.28) is close to 1-year low of 2.97

The historical rank and industry rank for Air China's PB Ratio or its related term are showing as below:

LSE:AIRC' s PB Ratio Range Over the Past 10 Years
Min: 0.78 Med: 1.57 Max: 6.94
Current: 3.28

During the past 13 years, Air China's highest PB Ratio was 6.94. The lowest was 0.78. And the median was 1.57.

LSE:AIRC's PB Ratio is ranked worse than
82.56% of 929 companies
in the Transportation industry
Industry Median: 1.32 vs LSE:AIRC: 3.28

During the past 12 months, Air China's average Book Value Per Share Growth Rate was 3.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -24.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -23.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -6.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Air China was 31.00% per year. The lowest was -36.80% per year. And the median was 6.90% per year.

Back to Basics: PB Ratio

Air China PB Ratio Historical Data

The historical data trend for Air China's PB 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.

* Premium members only.

Air China PB Ratio Chart

Air China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.30

0.85

1.09

2.85

2.14

Air China Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial															2.09	2.28	2.04	2.14	2.21

Competitive Comparison of Air China's PB Ratio

For the Airlines subindustry, Air China's PB Ratio, along with its competitors' market caps and PB 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 China's PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air China's PB Ratio distribution charts can be found below:

* The bar in red indicates where Air China's PB Ratio falls into.

Air China PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Air China's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Mar. 2024)
	=	0.54423	/	0.246
	=	2.21

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Air China (LSE:AIRC) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Air China PB Ratio Related Terms

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Air China (LSE:AIRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air China Ltd (LSE:AIRC) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

AIRYY:USA AICAF:USA 00753:Hong Kong AD2:Germany AD2:Germany 601111:China AD2:Austria

Address

30 Tianzhu Road, Airport Industrial Zone, Blue Sky Mansion, Shunyi District, Beijing, CHN, 101312

Website

http://www.airchina.com.cn

Air China is based in Beijing. It is one of the largest state-owned airlines and the flag carrier in China. The group operated a fleet of 762 aircraft as of 2022 and carried more than 115 million passengers in prepandemic 2019. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs such as Beijing, Chengdu, and Shanghai. The group's route network extends to over 187 destinations and 43 countries and regions.