Air ChinaAIRYY 69 PB Ratio is 1.67 as of Jun. 25, 2026, which is 11% below its 10-year median of 1.87. GuruFocus rates AIRYY with a GF Score™ of 69/100 and a GF Value™ of $15.92 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 971 Transportation companies, Air China ranks worse than 83.32% 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 (2026-06-25), Air China's share price is $10.40. Air China's Book Value per Share for the quarter that ended in Mar. 2026 was $6.23. Hence, Air China's PB Ratio of today is 1.67.
Good Sign:
Air China Ltd stock PB Ratio (=2.91) is close to 3-year low of 2.65.
The historical rank and industry rank for Air China's PB Ratio or its related term are showing as below:
AIRYY'
s PB Ratio Range Over the Past 10 Years
Min: 1.04 Med: 1.87 Max: 6.94
Current: 2.91
During the past 13 years, Air China's highest PB Ratio was 6.94. The lowest was 1.04. And the median was 1.87.
AIRYY's PB Ratio is ranked worse than 83.32% of 971
companies
in the Transportation industry
Industry Median: 1.25
vs AIRYY: 2.91
During the past 12 months, Air China's average Book Value Per Share Growth Rate was -12.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -13.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -10.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Air China was 103.10% per year. The lowest was -36.80% per year. And the median was 8.30% 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 China PB Ratio Related Terms
Air China PB Ratio Historical Data
* Premium members only.
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.
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 PB Ratio vs 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.
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:
* 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 China (AIRYY) has a PB Ratio of 1.67 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Air China and its competitors. This is 11% below median its historical median of 1.87. Over the past decade, Air China's PB Ratio has ranged from 1.04 to 6.94. According to the industry distribution chart, Air China ranks #809 out of 971 companies in the Transportation industry, placing it in the top 83.3%.
Is Air China's PB Ratio too high?
Air China's current PB Ratio of 1.67 is 11% below median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 6.94. The Transportation industry median PB Ratio is 1.25. Air China's value of 1.67 is 33.6% above this industry median. Based on the distribution chart, Air China ranks #809 out of 971 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Air China has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Air China's PB Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Air China ranks #809 out of 971 companies for PB Ratio. This places Air China in the lower half of its industry. The industry median PB Ratio is 1.25. Air China's value of 1.67 is 33.6% above this benchmark. Historically, Air China's own PB Ratio has ranged from 1.04 to 6.94 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 1.25, Air China 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 971 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 China's current PB Ratio of 1.67 is 33.6% 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 China 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 China's current PB Ratio is 1.67, which is 11% below median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air China stock overvalued right now?
Based on GuruFocus' analysis, Air China (AIRYY) is currently considered Possible Value Trap. The stock's GF Value™ is $15.92, compared to a current price of $10.40 — trading 34.7% below its estimated fair value. The current PB Ratio is 1.67, which is 11% below median its 10-year median of 1.87 and 33.6% above the Transportation industry median of 1.25. Air China's overall GF Score™ is 69/100 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 China (AIRYY), the current PB Ratio is 1.67 as of Jun. 25, 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 China (AIRYY) Overvalued in 2026?
Based on GuruFocus' analysis, Air China stock appears to be undervalued.
The current stock price of $10.40 is trading 34.7% below its estimated GF Value™ of $15.92.
GuruFocus considers Air China to be Possible Value Trap.
Key valuation signals for AIRYY:
PB Ratio: 1.67 (11% below median its 10-year median of 1.87)
GF Value™: $15.92 vs. price of $10.40 (34.7% below fair value)
Industry Position: 33.6% above the Transportation median (#809 of 971)
No single metric tells the full story. See the AIRYY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air China Ltd is based in Beijing and principally provides airline and related services, which include aircraft engineering and airport ground handling. The majority of the company's revenue comes from airline operations, with a smaller portion generated from rental income. Company has two segments (a) The airline operations segment which mainly comprises the provision of air passenger and air cargo services; and (b) The other operations segment which comprises the provision of aircraft engineering and other airline-related services. Geographically, majority of its revenue is derived from Mainland China followed by International segment and Hong Kong SAR, Macau SAR and Taiwan.
69GF Score
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