Air Arabia

Air Arabia PJSC

AIRARABIAStocksDubai Financial MarketTransportation

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Ratios

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	18.85B	21.75B	14.37B	13.16B	10.03B
Market Cap Growth	+17.1%	+51.3%	+9.2%	+31.2%	+48.3%
Enterprise Value	16.44B	18.57B	11.60B	10.62B	8.24B
Last Close Price	4.04	4.35	2.67	2.28	1.62
Valuation Multiples
Forward PE (Next 12M Est.)	11.34	12.43	9.68	8.24	11.32
PE Ratio	11.58	13.35	9.80	8.51	8.21
PEG Ratio	—	1.56	1.56	1.56	1.56
PS Ratio	2.42	2.79	2.12	2.19	1.91
PB Ratio	2.24	2.59	1.81	1.75	1.43
P/TBV Ratio	2.68	3.09	2.18	2.13	1.77
P/FCF Ratio	35.39	40.82	8.46	6.83	5.19
P/OCF Ratio	6.59	7.60	6.31	5.71	4.59
EV/Sales Ratio	2.11	2.39	1.71	1.77	1.57
EV/EBITDA Ratio	7.92	10.86	6.88	6.01	5.12
EV/EBIT Ratio	11.26	14.63	9.80	8.58	7.66
EV/FCF Ratio	30.85	34.85	6.83	5.51	4.27
Leverage & Capital
Debt / Equity Ratio	0.33	0.33	0.26	0.30	0.41
Debt / EBITDA Ratio	1.47	1.47	1.15	1.21	1.69
Debt / FCF Ratio	5.22	5.22	1.24	1.18	1.50
Net Debt / Equity Ratio	-0.29	-0.29	-0.41	-0.39	-0.26
Net Debt / EBITDA Ratio	-1.41	-1.41	-1.91	-1.68	-1.15
Net Debt / FCF Ratio	-4.54	-4.54	-1.89	-1.54	-0.96
Efficiency & Liquidity
Asset Turnover	0.47	0.47	0.45	0.41	0.38
Inventory Turnover	80.91	80.91	101.84	106.63	135.47
Quick Ratio	0.99	0.99	1.34	1.38	1.43
Current Ratio	1.10	1.10	1.46	1.51	1.52
Returns & Yields
Return on Equity (ROE)	+19.9%	+19.9%	+19.0%	+21.3%	+18.7%
Return on Assets (ROA)	+4.8%	+4.8%	+4.9%	+5.3%	+4.9%
Return on Invested Capital (ROIC)	+20.9%	+21.1%	+23.2%	+25.5%	+20.3%
Return on Capital Employed (ROCE)	+10.5%	+10.5%	+10.7%	+11.7%	+10.0%
Earnings Yield	+8.6%	+7.5%	+10.2%	+11.8%	+12.2%
FCF Yield	+2.8%	+2.5%	+11.8%	+14.6%	+19.3%
Dividend Yield	+6.2%	—	+9.4%	+8.8%	+9.3%
Payout Ratio	+71.7%	+71.7%	+63.6%	+45.2%	+32.5%
Total Shareholder Return	+6.2%	—	+9.4%	+8.8%	+9.3%

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Ratios

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	18.85B	21.75B	14.37B	13.16B	10.03B
Market Cap Growth	+17.1%	+51.3%	+9.2%	+31.2%	+48.3%
Enterprise Value	16.44B	18.57B	11.60B	10.62B	8.24B
Last Close Price	4.04	4.35	2.67	2.28	1.62
Valuation Multiples
Forward PE (Next 12M Est.)	11.34	12.43	9.68	8.24	11.32
PE Ratio	11.58	13.35	9.80	8.51	8.21
PEG Ratio	—	1.56	1.56	1.56	1.56
PS Ratio	2.42	2.79	2.12	2.19	1.91
PB Ratio	2.24	2.59	1.81	1.75	1.43
P/TBV Ratio	2.68	3.09	2.18	2.13	1.77
P/FCF Ratio	35.39	40.82	8.46	6.83	5.19
P/OCF Ratio	6.59	7.60	6.31	5.71	4.59
EV/Sales Ratio	2.11	2.39	1.71	1.77	1.57
EV/EBITDA Ratio	7.92	10.86	6.88	6.01	5.12
EV/EBIT Ratio	11.26	14.63	9.80	8.58	7.66
EV/FCF Ratio	30.85	34.85	6.83	5.51	4.27
Leverage & Capital
Debt / Equity Ratio	0.33	0.33	0.26	0.30	0.41
Debt / EBITDA Ratio	1.47	1.47	1.15	1.21	1.69
Debt / FCF Ratio	5.22	5.22	1.24	1.18	1.50
Net Debt / Equity Ratio	-0.29	-0.29	-0.41	-0.39	-0.26
Net Debt / EBITDA Ratio	-1.41	-1.41	-1.91	-1.68	-1.15
Net Debt / FCF Ratio	-4.54	-4.54	-1.89	-1.54	-0.96
Efficiency & Liquidity
Asset Turnover	0.47	0.47	0.45	0.41	0.38
Inventory Turnover	80.91	80.91	101.84	106.63	135.47
Quick Ratio	0.99	0.99	1.34	1.38	1.43
Current Ratio	1.10	1.10	1.46	1.51	1.52
Returns & Yields
Return on Equity (ROE)	+19.9%	+19.9%	+19.0%	+21.3%	+18.7%
Return on Assets (ROA)	+4.8%	+4.8%	+4.9%	+5.3%	+4.9%
Return on Invested Capital (ROIC)	+20.9%	+21.1%	+23.2%	+25.5%	+20.3%
Return on Capital Employed (ROCE)	+10.5%	+10.5%	+10.7%	+11.7%	+10.0%
Earnings Yield	+8.6%	+7.5%	+10.2%	+11.8%	+12.2%
FCF Yield	+2.8%	+2.5%	+11.8%	+14.6%	+19.3%
Dividend Yield	+6.2%	—	+9.4%	+8.8%	+9.3%
Payout Ratio	+71.7%	+71.7%	+63.6%	+45.2%	+32.5%
Total Shareholder Return	+6.2%	—	+9.4%	+8.8%	+9.3%