Air CanadaACDVF +0.93%82 PB Ratio is 2.52 as of Jun. 28, 2026, which is 16% below its 10-year median of 3.00. GuruFocus rates ACDVF with a GF Score™ of 82/100 and a GF Value™ of $16.99 (Fairly Valued). The stock has 5 warning signs investors should review. Among 963 Transportation companies, Air Canada ranks worse than 79.23% on this metric.
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 (2026-06-28), Air Canada's share price is $17.39. Air Canada's Book Value per Share for the quarter that ended in Mar. 2026 was $6.91. Hence, Air Canada's PB Ratio of today is 2.52.
The historical rank and industry rank for Air Canada's PB Ratio or its related term are showing as below:
ACDVF'
s PB Ratio Range Over the Past 10 Years
Min: 0.74 Med: 3 Max: 1016
Current: 2.6
During the past 13 years, Air Canada's highest PB Ratio was 1016.00. The lowest was 0.74. And the median was 3.00.
ACDVF's PB Ratio is ranked worse than 79.23% of 963
companies
in the Transportation industry
Industry Median: 1.25
vs ACDVF: 2.60
During the past 12 months, Air Canada's average Book Value Per Share Growth Rate was 53.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Air Canada was 555.10% per year. The lowest was -87.30% per year. And the median was -5.25% per year.
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 Canada PB Ratio Related Terms
Air Canada PB Ratio Historical Data
* Premium members only.
The historical data trend for Air Canada'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.
For the Airlines subindustry, Air Canada'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 Canada PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Air Canada's PB Ratio distribution charts can be found below:
* The bar in red indicates where Air Canada's PB Ratio falls into.
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 Canada's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
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 Canada (ACDVF) has a PB Ratio of 2.52 as of Jun. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Air Canada and its competitors. This is 16% below median its historical median of 3.00. Over the past decade, Air Canada's PB Ratio has ranged from 0.74 to 1,016.00. According to the industry distribution chart, Air Canada ranks #763 out of 963 companies in the Transportation industry, placing it in the top 79.2%.
Is Air Canada's PB Ratio too high?
Air Canada's current PB Ratio of 2.52 is 16% below median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1,016.00. The Transportation industry median PB Ratio is 1.25. Air Canada's value of 2.52 is 101.6% above this industry median. Based on the distribution chart, Air Canada ranks #763 out of 963 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Air Canada has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Air Canada's PB Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Air Canada ranks #763 out of 963 companies for PB Ratio. This places Air Canada in the lower half of its industry. The industry median PB Ratio is 1.25. Air Canada's value of 2.52 is 101.6% above this benchmark. Historically, Air Canada's own PB Ratio has ranged from 0.74 to 1,016.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 1.25, Air Canada has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Transportation company?
The median PB Ratio among Transportation companies is 1.25, based on 963 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air Canada's current PB Ratio of 2.52 is 101.6% above 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Air Canada and its competitors. For the Transportation industry, the median PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Canada's current PB Ratio is 2.52, which is 16% below median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Canada stock overvalued right now?
Based on GuruFocus' analysis, Air Canada (ACDVF) is currently considered Fairly Valued. The stock's GF Value™ is $16.99, compared to a current price of $17.39 — trading 2.4% above its estimated fair value. The current PB Ratio is 2.52, which is 16% below median its 10-year median of 3.00 and 101.6% above the Transportation industry median of 1.25. Air Canada's overall GF Score™ is 82/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Air Canada (ACDVF), the current PB Ratio is 2.52 as of Jun. 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 Air Canada (ACDVF) Overvalued in 2026?
Based on GuruFocus' analysis, Air Canada stock appears to be overvalued.
The current stock price of $17.39 is trading 2.4% above its estimated GF Value™ of $16.99.
GuruFocus considers Air Canada to be Fairly Valued.
Key valuation signals for ACDVF:
PB Ratio: 2.52 (16% below median its 10-year median of 3.00)
GF Value™: $16.99 vs. price of $17.39 (2.4% above fair value)
Industry Position: 101.6% above the Transportation median (#763 of 963)
No single metric tells the full story. See the ACDVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air Canada is Canada's largest airline, serving nearly 50 million passengers each year, together with its low-cost subbrand, Rouge, and contracts for regional connection flights into its network. Air Canada is a sixth-freedom airline, which flies many passengers on long-haul trips to and from the US with a layover in Canada.
82GF Score
Get the complete analysis for ACDVF
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