AirAsia Group (AAXBF) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of AirAsia Group $0.22, price $0.14, upside +57.1%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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AirAsia Group Berhad, together with its subsidiaries, provides long haul air transportation services under the AirAsia brand in Malaysia, Thailand, and Indonesia. It offers logistical management and marketing services; and leases aircraft facilities, as well as commercial air transport services.
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AirAsia Group Berhad, together with its subsidiaries, provides long haul air transportation services under the AirAsia brand in Malaysia, Thailand, and Indonesia. It offers logistical management and marketing services; and leases aircraft facilities, as well as commercial air transport services. The company was formerly known as AirAsia X Berhad and changed its name to AirAsia Group Berhad in July 2026. The company was incorporated in 2006 and is headquartered in Kuala Lumpur, Malaysia.
Stock analysis
AirAsia Group (AAXBF) currently trades at $0.1400, while our model-based Fair Value estimate is $0.2200, implying the stock looks roughly 36.4% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $0.3300 per share, and 17 of the 24 models we run sit above the $0.1400 price.
Bear case: the Economic Profit group reads lowest at $0.0800, and 7 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.1700 (bear) to $0.2800 (bull), the price of $0.1400 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
AirAsia Group reported revenue of 3.4B MYR in FY2025 versus 2.5B MYR in FY2023, a compound +15.2%/yr. Reported net income was 179M MYR in FY2025, compounding −26.5%/yr from FY2023.
Key figures
Market cap $571M · P/S ratio 0.04 · Net margin 5.3% · Return on assets (EBIT) 6.1% · Operating margin −14,208% · Revenue growth (YoY) −95.8% · Free cash flow 198M MYR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
For context, the median of 10 Industrials peers we cover trades at 30% fair-value upside, at 57%, AAXBF screens cheaper than that median.
Fair Value models
Bear $0.1700Fair Value $0.2200Bull $0.2800
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Airlines · 58 stocks
Beats the industry median on 5/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Top 25%
Fair Value upside+57.1% · Top 25%
Profitability
Return on assets0.9% · Below median
Net margin (TTM)−4.6% · Bottom 25%
Growth and dividend
Revenue growth−95.8% · Bottom 25%
Valuation Multiplesvs Airlines median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "AirAsia Group Fair Value". https://www.fairvalue-calculator.com/stock/AAXBF
Frequently asked questions
Is AirAsia Group (AAXBF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $0.2200 versus a price of $0.1400, about +57% upside (undervalued).
What is the fair value of AAXBF?
Our model-based fair value for AirAsia Group is $0.2200 (as of Sep 24, 2026), built from audited fundamentals. The current price: $0.1400.
What is the quality score of AAXBF?
AirAsia Group has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for AirAsia Group (AAXBF)?
Our model-based price target is the fair value of $0.2200 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario $0.1700, optimistic scenario $0.2800. It is a calculation from audited fundamentals, not an analyst target.
What is the AirAsia Group stock forecast for 2026?
Our models put fair value at $0.2200, about +57% upside versus a price of $0.1400 (undervalued). Cautious scenario $0.1700, optimistic scenario $0.2800. The calculation is refreshed regularly with new filings.
What is the intrinsic value of AirAsia Group (AAXBF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AirAsia Group it is $0.2200 per share (as of Sep 24, 2026), against a price of $0.1400. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is AirAsia Group stock overvalued or undervalued in 2026?
As of Sep 24, 2026, AAXBF trades below its calculated fair value: price $0.1400, fair value $0.2200, a gap of about +57% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AAXBF?
No. The price is what the market pays today ($0.1400); the fair value is what the company's own numbers justify ($0.2200). For AirAsia Group the two are $0.0800 per share apart. That gap is exactly why we show both numbers side by side.
How much is AirAsia Group worth?
The market values AirAsia Group at about $571M (market capitalisation, as of Sep 24, 2026). Per share that is $0.1400; our models calculate a fair value of $0.2200 per share.
What do the bullish and bearish scenarios say about AAXBF?
Our models span a range for AirAsia Group: cautious scenario $0.1700, base $0.2200, optimistic $0.2800 per share (as of Sep 24, 2026, price $0.1400). The range comes from different growth and margin assumptions, not from analyst opinions.
Which stocks are comparable to AirAsia Group?
From the same area (Industrials) we also value Delta Air Lines, Inc, United Airlines Holdings, Ryanair Holdings, Southwest Airlines Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AirAsia Group stock attractive at the current price?
The data as of Sep 24, 2026: price $0.1400, calculated fair value $0.2200 (+57%), Quality Score 55/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AAXBF calculated?
We run AirAsia Group through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.2200, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. AirAsia Group currently trades 36 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AirAsia Group (AAXBF)?
The closing price on Sep 28, 2026 was $0.1400. Our model-based fair value is $0.2200, about +57% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AirAsia Group right now?
The price is below even our cautious bear case ($0.1700). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of AirAsia Group
How large is the market capitalisation of AirAsia Group (AAXBF)?
The market capitalisation of AirAsia Group is $571M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of AirAsia Group (AAXBF)?
The price-to-sales ratio of AirAsia Group is 0.04 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of AirAsia Group (AAXBF)?
The net margin of AirAsia Group is 5.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of AirAsia Group (AAXBF)?
On an EBIT basis the return on assets of AirAsia Group is 6.1% (avg 3y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of AirAsia Group (AAXBF)?
The operating margin of AirAsia Group is −14,208% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AirAsia Group (AAXBF)?
Revenue at AirAsia Group is growing −95.8% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does AirAsia Group (AAXBF) generate?
The free cash flow of AirAsia Group is 198M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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Thin data
Sep 24, 2026