AirTrip Corp (EOVBF) fair value: what the stock is really worth
As of Sep 18, 2026: fair value of AirTrip Corp $11.06, price $13.00, upside -14.9%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $12.49 – $13.00 · fair‑value band $8.29 – $14.51 · the $13.00 price screens above the $11.06 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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AirTrip Corp. engages in the online travel agency business in Japan. The company operates AirTrip, a website that allows users to compare and book domestic and international travel content, and offers domestic and international airline tickets and hotel products to other media outlets as travel content.
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AirTrip Corp. engages in the online travel agency business in Japan. The company operates AirTrip, a website that allows users to compare and book domestic and international travel content, and offers domestic and international airline tickets and hotel products to other media outlets as travel content. It also offers inbound travel agency services and Wi-Fi router rental services for tourists visiting Japan, as well as e-mail magazine distribution, live distribution, and web media services. In addition, the company provides Kanzashi Cloud, a comprehensive accommodation plan management tool, and Wakizashi Cloud, an automation tool for cancellation fee collection. Further, it engages in IT offshore development and investment businesses, as well as regional revitalization projects, including tourism and HR tech. Additionally, the company operates a matching platform for recruitment talent, engages in the car rental business, and provides education and training for engineers and career support. The company was formerly known as Evolable Asia Corp. and changed its name to AirTrip Corp. in January 2020. AirTrip Corp. was incorporated in 2007 and is based in Tokyo, Japan.
Stock analysis
AirTrip Corp (EOVBF) currently trades at $13.00, while our model-based Fair Value estimate is $11.06, implying the stock looks roughly 17.5% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $13.62 per share, and 8 of the 25 models we run sit above the $13.00 price.
Bear case: the Asset-Based group reads lowest at $3.13, and 17 of the 25 models stay below the price. Evidence for this calculation is medium.
Scenario range: $8.29 (bear) to $14.51 (bull), the price of $13.00 sits inside 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 62/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
AirTrip Corp reported revenue of ¥28.1B in FY2025 versus ¥17.5B in FY2021, a compound +12.5%/yr. Reported net income was ¥1.8B in FY2025, compounding −6.9%/yr from FY2021.
Key figures
Market cap $292M · EPS (TTM) $−4.07 · Net margin 6.3% · Return on equity 17.4% · Return on assets (EBIT) 9.7% · Operating margin 13.2% · Revenue (TTM) ¥32.7B · Revenue growth (YoY) +44.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 1% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at −15%, EOVBF screens richer than that median.
Fair Value models
Bear $8.29Fair Value $11.06Bull $14.51
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.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.71/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.8%
Start year 2020 (pandemic). Over 10 years: +26.1% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.1%
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What shareholders gained per year (last 5 years), in JPY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+1.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.5%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.2% vs 17%, slowing
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3% → 11%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+18.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +16.5% a year for the price.
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.Travel Services · 88 stocks
Beats the industry median on 9/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−15% · Below median
Profitability
Return on equity (TTM)17% · Above median
Return on assets8% · Top 25%
Net margin (TTM)8% · Above median
Operating margin (TTM)13% · Top 25%
Growth and dividend
Revenue growth44% · Top 25%
Dividend yield (TTM)76.9% · Top 25%
Balance sheet
Debt / equity0.10× · Below median
Valuation Multiplesvs Travel Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "AirTrip Corp Fair Value". https://www.fairvalue-calculator.com/stock/EOVBF
Frequently asked questions
Is AirTrip Corp (EOVBF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $11.06 versus the last price from Sep 18, 2026 of $13.00, about −15% upside (overvalued).
What is the fair value of EOVBF?
Our model-based fair value for AirTrip Corp is $11.06 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 18, 2026): $13.00.
What is the quality score of EOVBF?
AirTrip Corp has a Quality Score of 62/100. 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 AirTrip Corp (EOVBF)?
Our model-based price target is the fair value of $11.06 (as of Sep 24, 2026) from 25 valuation models. Cautious scenario $8.29, optimistic scenario $14.51. It is a calculation from audited fundamentals, not an analyst target.
What is the AirTrip Corp stock forecast for 2026?
Our models put fair value at $11.06, about −15% upside versus the last price from Sep 18, 2026 of $13.00 (overvalued). Cautious scenario $8.29, optimistic scenario $14.51. The calculation is refreshed regularly with new filings.
What is the revenue of AirTrip Corp (EOVBF)?
AirTrip Corp reported trailing-twelve-month revenue of about ¥32.7B (latest available figure, as of Sep 24, 2026).
What growth is priced into AirTrip Corp (EOVBF)?
For today's price to be fair in a discounted-cash-flow model, AirTrip Corp would have to grow free cash flow by +18.9 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of EOVBF use?
Our models discount AirTrip Corp at 11.2 %: a base by market capitalisation (micro), damped by beta 0.32, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For AirTrip Corp that is +18.9 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has AirTrip Corp (EOVBF) delivered so far?
Over the past 5 years revenue at AirTrip Corp grew +5.8 % a year. The price currently implies +18.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of AirTrip Corp (EOVBF) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into AirTrip Corp (+18.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AirTrip Corp (EOVBF)?
The free-cash-flow yield on the price is 2.71 %: that much free cash flow AirTrip Corp produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AirTrip Corp (EOVBF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AirTrip Corp it is $11.06 per share (as of Sep 24, 2026), against a price of $13.00. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is AirTrip Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, EOVBF trades above its calculated fair value: price $13.00, fair value $11.06, a gap of about −15% (overvalued). 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 EOVBF?
No. The price is what the market pays today ($13.00); the fair value is what the company's own numbers justify ($11.06). For AirTrip Corp the two are $1.94 per share apart. That gap is exactly why we show both numbers side by side.
How much is AirTrip Corp worth?
The market values AirTrip Corp at about $292M (market capitalisation, as of Sep 24, 2026). Per share that is $13.00; our models calculate a fair value of $11.06 per share.
What do the bullish and bearish scenarios say about EOVBF?
Our models span a range for AirTrip Corp: cautious scenario $8.29, base $11.06, optimistic $14.51 per share (as of Sep 24, 2026, price $13.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of AirTrip Corp (EOVBF)?
Balance-sheet figures for AirTrip Corp (as of Sep 24, 2026): return on equity 17.4%, debt of 0.10 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is EOVBF from its 52-week high?
AirTrip Corp trades at $13.00, at its 52-week high of $13.00 and 1% above the low of $12.87 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of $11.06 is for.
Which stocks are comparable to AirTrip Corp?
From the same area (Consumer Cyclical) we also value Booking Holdings, Airbnb, Inc, Royal Caribbean Cruises Ltd, Viking Holdings, 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 AirTrip Corp stock attractive at the current price?
The data as of Sep 24, 2026: price $13.00, calculated fair value $11.06 (−15%), Quality Score 62/100, from 25 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 EOVBF calculated?
We run AirTrip Corp through 25 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 $11.06, 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 14.0 % above its aggregate fair value. AirTrip Corp itself currently trades above fair value. 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 AirTrip Corp (EOVBF)?
The latest price we hold is from Sep 18, 2026 and stands at $13.00. Our model-based fair value is $11.06, about −15% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AirTrip Corp right now?
Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of AirTrip Corp
How large is the market capitalisation of AirTrip Corp (EOVBF)?
The market capitalisation of AirTrip Corp is $292M. 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 are the earnings per share of AirTrip Corp (EOVBF)?
Earnings per share at AirTrip Corp are $−4.07. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of AirTrip Corp (EOVBF)?
The net margin of AirTrip Corp is 6.3% (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 return on equity of AirTrip Corp (EOVBF)?
The return on equity (ROE) of AirTrip Corp is 17.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AirTrip Corp (EOVBF)?
On an EBIT basis the return on assets of AirTrip Corp is 9.7% (avg 5y). 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 AirTrip Corp (EOVBF)?
The operating margin of AirTrip Corp is 13.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AirTrip Corp (EOVBF)?
Revenue at AirTrip Corp is growing +44.3% versus a year earlier (3y avg +27.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at AirTrip Corp (EOVBF)?
Earnings per share at AirTrip Corp are growing +44.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does AirTrip Corp (EOVBF) hold?
AirTrip Corp holds more cash than debt, ¥5.3B net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Sep 24, 2026