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Qantas AirwaysQABSY +1.07%85 PB Ratio is 12.06 as of Jul. 21, 2026, which is 104% above its 10-year median of 5.92. GuruFocus rates QABSY with a GF Score™ of 85/100 and a GF Value™ of $40.35 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 966 Transportation companies, Qantas Airways ranks worse than 97.93% 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 (2026-07-21), Qantas Airways's share price is $35.5975. Qantas Airways's Book Value per Share for the quarter that ended in Dec. 2025 was $2.95. Hence, Qantas Airways's PB Ratio of today is 12.06.
Good Sign:
Qantas Airways Ltd stock PB Ratio (=11.53) is close to 5-year low of 11.53.
The historical rank and industry rank for Qantas Airways's PB Ratio or its related term are showing as below:
QABSY'
s PB Ratio Range Over the Past 10 Years
Min: 1.08 Med: 5.92 Max: 2193.33
Current: 11.41
During the past 13 years, Qantas Airways's highest PB Ratio was 2193.33. The lowest was 1.08. And the median was 5.92.
QABSY's PB Ratio is ranked worse than 97.93% of 966
companies
in the Transportation industry
Industry Median: 1.24
vs QABSY: 11.41
During the past 12 months, Qantas Airways's average Book Value Per Share Growth Rate was 82.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Qantas Airways was 12.10% per year. The lowest was -84.60% per year. And the median was 0.10% 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.
Qantas Airways PB Ratio Related Terms
Qantas Airways PB Ratio Historical Data
* Premium members only.
The historical data trend for Qantas Airways'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, Qantas 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.
Qantas Airways PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Qantas Airways's PB Ratio distribution charts can be found below:
* The bar in red indicates where Qantas 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.
Qantas Airways'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.
Qantas Airways (QABSY) has a PB Ratio of 12.06 as of Jul. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Qantas Airways and its competitors. This is 104% above median its historical median of 5.92. Over the past decade, Qantas Airways' PB Ratio has ranged from 1.08 to 2,193.33. According to the industry distribution chart, Qantas Airways ranks #946 out of 966 companies in the Transportation industry, placing it in the top 97.9%.
Is Qantas Airways' PB Ratio too high?
Qantas Airways' current PB Ratio of 12.06 is 104% above median its 10-year median of 5.92. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 2,193.33. The Transportation industry median PB Ratio is 1.24. Qantas Airways' value of 12.06 is 872.6% above this industry median. Based on the distribution chart, Qantas Airways ranks #946 out of 966 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Qantas Airways has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qantas Airways' PB Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Qantas Airways ranks #946 out of 966 companies for PB Ratio. This places Qantas Airways in the lower half of its industry. The industry median PB Ratio is 1.24. Qantas Airways' value of 12.06 is 872.6% above this benchmark. Historically, Qantas Airways' own PB Ratio has ranged from 1.08 to 2,193.33 over the past decade. While the company's 10-year median is 5.92 vs. the industry median of 1.24, Qantas 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 1.24, based on 966 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. Qantas Airways's current PB Ratio of 12.06 is 872.6% 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 Qantas Airways and its competitors. For the Transportation industry, the median PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qantas Airways's current PB Ratio is 12.06, which is 104% above median its own 10-year median of 5.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qantas Airways stock overvalued right now?
Based on GuruFocus' analysis, Qantas Airways (QABSY) is currently considered Modestly Undervalued. The stock's GF Value™ is $40.35, compared to a current price of $35.60 — trading 11.8% below its estimated fair value. The current PB Ratio is 12.06, which is 104% above median its 10-year median of 5.92 and 872.6% above the Transportation industry median of 1.24. Qantas Airways' overall GF Score™ is 85/100 with 4 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 Qantas Airways (QABSY), the current PB Ratio is 12.06 as of Jul. 21, 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 Qantas Airways (QABSY) Overvalued in 2026?
Based on GuruFocus' analysis, Qantas Airways stock appears to be undervalued.
The current stock price of $35.60 is trading 11.8% below its estimated GF Value™ of $40.35.
GuruFocus considers Qantas Airways to be Modestly Undervalued.
Key valuation signals for QABSY:
PB Ratio: 12.06 (104% above median its 10-year median of 5.92)
GF Value™: $40.35 vs. price of $35.60 (11.8% below fair value)
Industry Position: 872.6% above the Transportation median (#946 of 966)
No single metric tells the full story. See the QABSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qantas Airways is Australia's largest domestic airline with typically a two thirds market share, effectively competing in a duopoly with Virgin. The company operates a multibrand strategy, with low-cost carrier Jetstar complementing the full-service Qantas brand. Its frequent-flyer loyalty program continues to expand with new partnerships, which are integral to retaining customer loyalty for its core airline business.
85GF Score
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