Air CanadaTSX:AC +1.02%86 PS Ratio is 0.33 as of Jul. 01, 2026, which is 18% below its 10-year median of 0.40. GuruFocus rates TSX:AC with a GF Score™ of 86/100 and a GF Value™ of C$24.15 (Fairly Valued). The stock has 5 warning signs investors should review. Among 993 Transportation companies, Air Canada ranks better than 81.87% 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 Canada's share price is C$24.74.
Air Canada's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was C$75.13. Hence, Air Canada's PS Ratio for today is 0.33.
The historical rank and industry rank for Air Canada's PS Ratio or its related term are showing as below:
TSX:AC'
s PS Ratio Range Over the Past 10 Years
Min: 0.18 Med: 0.4 Max: 3.02
Current: 0.33
During the past 13 years, Air Canada's highest PS Ratio was 3.02. The lowest was 0.18. And the median was 0.40.
TSX:AC's PS Ratio is ranked better than 81.87% of 993
companies
in the Transportation industry
Industry Median: 1.02
vs TSX:AC: 0.33
During the past 12 months, the average Revenue per Share Growth Rate of Air Canada was 24.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 14.80% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 32.50% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 0.40% per year.
During the past 13 years, Air Canada's highest 3-Year average Revenue per Share Growth Rate was 48.10% per year. The lowest was -34.60% per year. And the median was 4.00% per year.
Back to Basics: PS Ratio
Air Canada (TSX:AC) 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 Canada PS Ratio Related Terms
Air Canada PS Ratio Historical Data
* Premium members only.
The historical data trend for Air Canada'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 Canada'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 Canada PS Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Air Canada's PS Ratio distribution charts can be found below:
* The bar in red indicates where Air Canada'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 Canada's Share Price of today is C$24.74. Air Canada's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$75.13.
* 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 Canada (TSX:AC) has a PS Ratio of 0.33 as of Jul. 01, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Air Canada and its competitors. This is 18% below median its historical median of 0.40. Over the past decade, Air Canada's PS Ratio has ranged from 0.18 to 3.02. According to the industry distribution chart, Air Canada ranks #180 out of 993 companies in the Transportation industry, placing it in the top 18.1%.
Is Air Canada's PS Ratio too high?
Air Canada's current PS Ratio of 0.33 is 18% below median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 3.02. The Transportation industry median PS Ratio is 1.02. Air Canada's value of 0.33 is 67.6% below this industry median. Based on the distribution chart, Air Canada ranks #180 out of 993 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Air Canada has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Air Canada's PS Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Air Canada ranks #180 out of 993 companies for PS Ratio. This places Air Canada in the top 18% of its industry — outperforming the majority of peers. The industry median PS Ratio is 1.02. Air Canada's value of 0.33 is 67.6% below this benchmark. Historically, Air Canada's own PS Ratio has ranged from 0.18 to 3.02 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 1.02, Air Canada 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 993 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 Canada's current PS Ratio of 0.33 is 67.6% 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 Canada 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 Canada's current PS Ratio is 0.33, which is 18% below median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Canada stock overvalued right now?
Based on GuruFocus' analysis, Air Canada (TSX:AC) is currently considered Fairly Valued. The stock's GF Value™ is C$24.15, compared to a current price of C$24.74 — trading 2.4% above its estimated fair value. The current PS Ratio is 0.33, which is 18% below median its 10-year median of 0.40 and 67.6% below the Transportation industry median of 1.02. Air Canada's overall GF Score™ is 86/100 with 5 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 Canada (TSX:AC), the current PS Ratio is 0.33 as of Jul. 01, 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 Canada (TSX:AC) Overvalued in 2026?
Based on GuruFocus' analysis, Air Canada stock appears to be overvalued.
The current stock price of C$24.74 is trading 2.4% above its estimated GF Value™ of C$24.15.
GuruFocus considers Air Canada to be Fairly Valued.
Key valuation signals for TSX:AC:
PS Ratio: 0.33 (18% below median its 10-year median of 0.40)
GF Value™: C$24.15 vs. price of C$24.74 (2.4% above fair value)
Industry Position: 67.6% below the Transportation median (#180 of 993)
No single metric tells the full story. See the TSX:AC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air Canada is Canada's largest airline, serving nearly 50 million passengers each year, together with its low-cost subbrand, Rouge, and contracts for regional connection flights into its network. Air Canada is a sixth-freedom airline, which flies many passengers on long-haul trips to and from the US with a layover in Canada.
86GF Score
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