Air New ZealandASX:AIZ 38 PS Ratio is 0.19 as of Jul. 11, 2026, which is 55% below its 10-year median of 0.42. GuruFocus rates ASX:AIZ with a GF Score™ of 38/100 and a GF Value™ of A$0.52 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 995 Transportation companies, Air New Zealand ranks better than 89.05% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Air New Zealand's share price is A$0.355.
Air New Zealand's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was A$1.84. Hence, Air New Zealand's PS Ratio for today is 0.19.
The historical rank and industry rank for Air New Zealand's PS Ratio or its related term are showing as below:
ASX:AIZ'
s PS Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.42 Max: 0.8
Current: 0.22
During the past 13 years, Air New Zealand's highest PS Ratio was 0.80. The lowest was 0.17. And the median was 0.42.
ASX:AIZ's PS Ratio is ranked better than 89.05% of 995
companies
in the Transportation industry
Industry Median: 1.02
vs ASX:AIZ: 0.22
During the past 12 months, the average Revenue per Share Growth Rate of Air New Zealand was 4.60% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 1.70% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -0.80% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -5.10% per year.
During the past 13 years, Air New Zealand's highest 3-Year average Revenue per Share Growth Rate was 28.60% per year. The lowest was -53.20% per year. And the median was -1.30% per year.
Back to Basics: PS Ratio
Air New Zealand (ASX:AIZ) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Air New Zealand PS Ratio Related Terms
Air New Zealand PS Ratio Historical Data
* Premium members only.
The historical data trend for Air New Zealand's PS 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 New Zealand's PS Ratio, along with its competitors' market caps and PS 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 New Zealand PS Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Air New Zealand's PS Ratio distribution charts can be found below:
* The bar in red indicates where Air New Zealand's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Air New Zealand's Share Price of today is A$0.355.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Air New Zealand's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was A$1.84.
* 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:
Air New Zealand (ASX:AIZ) has a PS Ratio of 0.19 as of Jul. 11, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Air New Zealand and its competitors. This is 55% below median its historical median of 0.42. Over the past decade, Air New Zealand's PS Ratio has ranged from 0.17 to 0.80. According to the industry distribution chart, Air New Zealand ranks #109 out of 995 companies in the Transportation industry, placing it in the top 11%.
Is Air New Zealand's PS Ratio too high?
Air New Zealand's current PS Ratio of 0.19 is 55% below median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.80. The Transportation industry median PS Ratio is 1.02. Air New Zealand's value of 0.19 is 81.4% below this industry median. Based on the distribution chart, Air New Zealand ranks #109 out of 995 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Air New Zealand has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Air New Zealand's PS Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Air New Zealand ranks #109 out of 995 companies for PS Ratio. This places Air New Zealand in the top 11% of its industry — outperforming the majority of peers. The industry median PS Ratio is 1.02. Air New Zealand's value of 0.19 is 81.4% below this benchmark. Historically, Air New Zealand's own PS Ratio has ranged from 0.17 to 0.80 over the past decade. While the company's 10-year median is 0.42 vs. the industry median of 1.02, Air New Zealand has consistently been below 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 PS Ratio for a Transportation company?
The median PS Ratio among Transportation companies is 1.02, based on 995 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air New Zealand's current PS Ratio of 0.19 is 81.4% below 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Air New Zealand and its competitors. For the Transportation industry, the median PS Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air New Zealand's current PS Ratio is 0.19, which is 55% below median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air New Zealand stock overvalued right now?
Based on GuruFocus' analysis, Air New Zealand (ASX:AIZ) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.52, compared to a current price of A$0.36 — trading 31.7% below its estimated fair value. The current PS Ratio is 0.19, which is 55% below median its 10-year median of 0.42 and 81.4% below the Transportation industry median of 1.02. Air New Zealand's overall GF Score™ is 38/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Air New Zealand (ASX:AIZ), the current PS Ratio is 0.19 as of Jul. 11, 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 New Zealand (ASX:AIZ) Overvalued in 2026?
Based on GuruFocus' analysis, Air New Zealand stock appears to be undervalued.
The current stock price of A$0.36 is trading 31.7% below its estimated GF Value™ of A$0.52.
GuruFocus considers Air New Zealand to be Possible Value Trap.
Key valuation signals for ASX:AIZ:
PS Ratio: 0.19 (55% below median its 10-year median of 0.42)
GF Value™: A$0.52 vs. price of A$0.36 (31.7% below fair value)
Industry Position: 81.4% below the Transportation median (#109 of 995)
No single metric tells the full story. See the ASX:AIZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air New Zealand, majority owned by the New Zealand government, provides air passenger and cargo transport services within New Zealand as well as to and from Australia, the Southwest Pacific, Asia, North America, the United Kingdom, and South America. Air New Zealand also encompasses business units providing engineering and ground handling services. Air New Zealand dominates the local market with around 80% share, although the majority of revenue is derived from international and trans-Tasman activity.
38GF Score
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