Valuation Japan Airlines Co., Ltd.

Equities

Market Closed - Japan Exchange Other stock markets 06:30:00 13/02/2026 GMT			5-day change	1st Jan Change
3,107.00 ^JPY	+0.84%		-0.70%	+6.95%

02-06	Tranche Update on Japan Airlines Co., Ltd.'s Equity Buyback Plan announced on October 30, 2025.	CI
02-04	Japan Airlines Co., Ltd.'s Equity Buyback announced on October 30, 2025, has closed with 6,839,400 shares, representing 1.57% for ¥19,999.74 million.	CI

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	1,079,408	1,000,747	1,128,353	1,274,968	1,116,058	1,335,475	-	-
Change	-	-7.29%	12.75%	12.99%	-12.46%	19.66%	-	-
Enterprise Value (EV) ¹	1,172,086	1,391,625	1,414,609	1,448,394	1,259,549	1,488,198	1,491,060	1,542,473
Change	-	18.73%	1.65%	2.39%	-13.04%	18.15%	0.19%	3.45%
P/E ratio	-3.23x	-5.64x	32.8x	13.3x	10.4x	10.5x	10.2x	9.39x
PBR	1.14x	1.25x	1.38x	1.4x	1.14x	1.22x	1.13x	1.04x
PEG	-	0.1x	-0x	0x	0.9x	0.5x	2.79x	1.15x
Capitalization / Revenue	2.24x	1.47x	0.82x	0.77x	0.61x	0.67x	0.64x	0.62x
EV / Revenue	2.44x	2.04x	1.03x	0.88x	0.68x	0.75x	0.72x	0.72x
EV / EBITDA	-5.43x	-23x	6.35x	4.98x	3.88x	4.03x	3.86x	3.69x
EV / EBIT	-2.94x	-5.93x	21.9x	10.3x	7.47x	7.36x	7.01x	6.64x
EV / FCF	-3.79x	-5.02x	7.85x	8.58x	12.5x	27.5x	57.6x	39.3x
FCF Yield	-26.4%	-19.9%	12.7%	11.7%	7.97%	3.64%	1.74%	2.55%
Dividend per Share ²	-	-	25	75	86	102.2	105.8	114.5
Rate of return	-	-	0.97%	2.57%	3.36%	3.29%	3.41%	3.68%
EPS ²	-765	-406.3	78.77	218.6	245.1	295.2	306	331
Distribution rate	-	-	31.7%	34.3%	35.1%	34.6%	34.6%	34.6%
Net sales ¹	481,225	682,713	1,375,589	1,651,890	1,844,095	1,994,123	2,073,927	2,147,210
EBITDA ¹	-215,800	-60,623	222,760	290,892	324,512	369,434	386,361	417,695
EBIT ¹	-398,300	-234,767	64,563	140,932	168,605	202,135	212,678	232,375
Net income ¹	-286,693	-177,551	34,423	95,534	107,038	127,651	131,279	141,338
Net Debt ¹	92,678	390,878	286,256	173,426	143,491	152,724	155,585	206,998
Reference price ²	2,470.00	2,290.00	2,582.00	2,917.50	2,556.50	3,107.00	3,107.00	3,107.00
Nbr of stocks (in thousands)	437,007	437,007	437,007	437,007	436,557	429,828	-	-
Announcement Date	07/05/21	06/05/22	02/05/23	02/05/24	02/05/25	-	-	-

¹JPY in Million²JPY

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
JAPAN AIRLINES CO., LTD.	10.52x	0.75x	4.03x	3.29%	8.74B
DELTA AIR LINES, INC.	9.4x	0.89x	5.99x	1.11%	44.82B
UNITED AIRLINES HOLDINGS, INC.	8.25x	0.84x	5.69x	-.--%	35.35B
RYANAIR HOLDINGS PLC	12.94x	1.68x	6.88x	1.74%	33.38B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	7.35x	0.89x	3.92x	2.14%	27B
INTERGLOBE AVIATION LIMITED	62.59x	2.52x	12.27x	0.2%	21.04B
AIR CHINA LIMITED	1833.85x	1.91x	9.85x	-.--%	19.99B
CHINA SOUTHERN AIRLINES COMPANY LIMITED	111.78x	1.91x	9.14x	0.07%	18.53B
CHINA EASTERN AIRLINES CORPORATION LIMITED	139.27x	2.18x	10.01x	-.--%	18.49B
SINGAPORE AIRLINES LIMITED	24.77x	1.42x	6.79x	3.05%	17.34B
Average	222.07x	1.50x	7.46x	1.16%	24.47B
Weighted average by Cap.	181.85x	1.42x	7.22x	1.03%