The historical rank and industry rank for Cathay Pacific Airways's PB Ratio or its related term are showing as below:
HAM:CTY'
s PB Ratio Range Over the Past 10 Years
Min: 0.38 Med: 0.8 Max: 1.57
Current: 1.41
During the past 13 years, Cathay Pacific Airways's highest PB Ratio was 1.57. The lowest was 0.38. And the median was 0.80.
HAM:CTY's PB Ratio is ranked worse than 55.77% of 970
companies
in the Transportation industry
Industry Median: 1.25
vs HAM:CTY: 1.41
During the past 12 months, Cathay Pacific Airways's average Book Value Per Share Growth Rate was 9.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -6.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -4.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Cathay Pacific Airways was 14.20% per year. The lowest was -10.70% per year. And the median was 1.40% per year.
Back to Basics: PB Ratio
Cathay Pacific Airways (HAM:CTY) PB Ratio Explanation
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.
* 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, Cathay Pacific Airways'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.
Cathay Pacific Airways PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Cathay Pacific Airways's PB Ratio distribution charts can be found below:
* The bar in red indicates where Cathay Pacific Airways'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.
* 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.
Cathay Pacific Airways (HAM:CTY) has a PB Ratio of 1.36 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Cathay Pacific Airways and its competitors. This is 70% above median its historical median of 0.80. Over the past decade, Cathay Pacific Airways' PB Ratio has ranged from 0.38 to 1.57. According to the industry distribution chart, Cathay Pacific Airways ranks #541 out of 970 companies in the Transportation industry, placing it in the top 55.8%.
Is Cathay Pacific Airways' PB Ratio too high?
Cathay Pacific Airways' current PB Ratio of 1.36 is 70% above median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 1.57. The Transportation industry median PB Ratio is 1.25. Cathay Pacific Airways' value of 1.36 is 8.8% above this industry median. Based on the distribution chart, Cathay Pacific Airways ranks #541 out of 970 companies in the Transportation industry, which is below the industry midpoint. Overall, Cathay Pacific Airways has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Cathay Pacific Airways' PB Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Cathay Pacific Airways ranks #541 out of 970 companies for PB Ratio. This places Cathay Pacific Airways in the lower half of its industry. The industry median PB Ratio is 1.25. Cathay Pacific Airways' value of 1.36 is 8.8% above this benchmark. Historically, Cathay Pacific Airways' own PB Ratio has ranged from 0.38 to 1.57 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 1.25, Cathay Pacific Airways 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 970 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. Cathay Pacific Airways's current PB Ratio of 1.36 is 8.8% 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 Cathay Pacific Airways 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. Cathay Pacific Airways's current PB Ratio is 1.36, which is 70% above median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cathay Pacific Airways stock overvalued right now?
Cathay Pacific Airways (HAM:CTY) has a current PB Ratio of 1.36. The stock's GF Value™ is €1.39, compared to a current price of €1.33 — trading 4.1% below its estimated fair value. The current PB Ratio is 1.36, which is 70% above median its 10-year median of 0.80 and 8.8% above the Transportation industry median of 1.25. Cathay Pacific Airways' overall GF Score™ is 80/100 with 2 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 Cathay Pacific Airways (HAM:CTY), the current PB Ratio is 1.36 as of Jun. 27, 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 Cathay Pacific Airways (HAM:CTY) Overvalued in 2026?
Based on GuruFocus' analysis, Cathay Pacific Airways stock appears to be undervalued.
The current stock price of €1.33 is trading 4.1% below its estimated GF Value™ of €1.39.
Key valuation signals for HAM:CTY:
PB Ratio: 1.36 (70% above median its 10-year median of 0.80)
GF Value™: €1.39 vs. price of €1.33 (4.1% below fair value)
Industry Position: 8.8% above the Transportation median (#541 of 970)
No single metric tells the full story. See the HAM:CTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cathay Pacific is Hong Kong's largest airline group, operating a fleet of 237 aircraft as of December 2025 and serving over 100 destinations globally. As of March 2026, its largest shareholders remain Swire Pacific and Air China, with stakes of 45% and 29%, respectively. The group operates the full-service carrier Cathay Pacific, low-cost carrier HK Express, and cargo operator Air Hong Kong.
80GF Score
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