Air France-KLMMIL:1AF +6.94%61 PB Ratio is 3.56 as of Jun. 24, 2026, which is 60% above its 10-year median of 2.22. GuruFocus rates MIL:1AF with a GF Score™ of 61/100 and a GF Value™ of €10.99 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 971 Transportation companies, Air France-KLM ranks worse than 85.38% 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 (2026-06-24), Air France-KLM's share price is €13.48. Air France-KLM's Book Value per Share for the quarter that ended in Mar. 2026 was €3.78. Hence, Air France-KLM's PB Ratio of today is 3.56.
The historical rank and industry rank for Air France-KLM's PB Ratio or its related term are showing as below:
MIL:1AF'
s PB Ratio Range Over the Past 10 Years
Min: 0.86 Med: 2.22 Max: 40.8
Current: 3.54
During the past 13 years, Air France-KLM's highest PB Ratio was 40.80. The lowest was 0.86. And the median was 2.22.
MIL:1AF's PB Ratio is ranked worse than 85.38% of 971
companies
in the Transportation industry
Industry Median: 1.25
vs MIL:1AF: 3.54
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Air France-KLM was 86.30% per year. The lowest was -60.30% per year. And the median was 1.55% 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 France-KLM PB Ratio Related Terms
Air France-KLM PB Ratio Historical Data
* Premium members only.
The historical data trend for Air France-KLM'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 France-KLM'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 France-KLM PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Air France-KLM's PB Ratio distribution charts can be found below:
* The bar in red indicates where Air France-KLM'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 France-KLM'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 France-KLM (MIL:1AF) has a PB Ratio of 3.56 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Air France-KLM and its competitors. This is 60% above median its historical median of 2.22. Over the past decade, Air France-KLM's PB Ratio has ranged from 0.86 to 40.80. According to the industry distribution chart, Air France-KLM ranks #829 out of 971 companies in the Transportation industry, placing it in the top 85.4%.
Is Air France-KLM's PB Ratio too high?
Air France-KLM's current PB Ratio of 3.56 is 60% above median its 10-year median of 2.22. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 40.80. The Transportation industry median PB Ratio is 1.25. Air France-KLM's value of 3.56 is 184.8% above this industry median. Based on the distribution chart, Air France-KLM ranks #829 out of 971 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Air France-KLM has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air France-KLM's PB Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Air France-KLM ranks #829 out of 971 companies for PB Ratio. This places Air France-KLM in the lower half of its industry. The industry median PB Ratio is 1.25. Air France-KLM's value of 3.56 is 184.8% above this benchmark. Historically, Air France-KLM's own PB Ratio has ranged from 0.86 to 40.80 over the past decade. While the company's 10-year median is 2.22 vs. the industry median of 1.25, Air France-KLM 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 France-KLM's current PB Ratio of 3.56 is 184.8% 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 Air France-KLM 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 France-KLM's current PB Ratio is 3.56, which is 60% above median its own 10-year median of 2.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air France-KLM stock overvalued right now?
Based on GuruFocus' analysis, Air France-KLM (MIL:1AF) is currently considered Modestly Overvalued. The stock's GF Value™ is €10.99, compared to a current price of €13.48 — trading 22.7% above its estimated fair value. The current PB Ratio is 3.56, which is 60% above median its 10-year median of 2.22 and 184.8% above the Transportation industry median of 1.25. Air France-KLM's overall GF Score™ is 61/100 with 6 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 France-KLM (MIL:1AF), the current PB Ratio is 3.56 as of Jun. 24, 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 France-KLM (MIL:1AF) Overvalued in 2026?
Based on GuruFocus' analysis, Air France-KLM stock appears to be overvalued.
The current stock price of €13.48 is trading 22.7% above its estimated GF Value™ of €10.99.
GuruFocus considers Air France-KLM to be Modestly Overvalued.
Key valuation signals for MIL:1AF:
PB Ratio: 3.56 (60% above median its 10-year median of 2.22)
GF Value™: €10.99 vs. price of €13.48 (22.7% above fair value)
Industry Position: 184.8% above the Transportation median (#829 of 971)
No single metric tells the full story. See the MIL:1AF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The group has four segments: network, maintenance, Transavia, and other. The network segment derives key revenue for the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. The company's geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.
61GF Score
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