Qantas Airways Limited

Australia Country flag Australia
Sector: Airlines
Ticker: QAN
ISIN: AU000000QAN2
Factsheet Factsheet

Market multiple valuation of Qantas Airways Limited ( QAN | AUS)

The most common multiple used in the valuation of stocks is the P/Earnings NTM multiple (Price to Earnings). P/E relates the current share price with the market expectations in terms of Earnings Per Share. This multiple is used to compare a company's market value with its earnings. A company with a high P/Earnings NTM is considered to be overvalued; a company with a low P/Earnings NTM is considered to be undervalued.
The P/Earnings NTM ratio of Qantas Airways Limited is significantly higher than the median of its peer group: around 7.00. The company valuation of Qantas Airways Limited according to these metrics is way above the market valuation of its peer group.
The P/Earnings NTM ratio of Qantas Airways Limited is slightly higher than the average of its sector (Airlines): 8.35. The company valuation of Qantas Airways Limited according to these metrics is consistent with the market valuation of its sector.
The P/Earnings NTM ratio of Qantas Airways Limited is significantly lower than its historical 5-year average: 32.7. The (current) company valuation of Qantas Airways Limited is therefore way below its valuation average over the last five years.

Valuation
P/E Last P/E (e) 2025P/E NTM
Qantas Airways LimitedFree trialFree trialFree trial
International PeersFree trialFree trialFree trial
Airlines8.128.918.35
S&P/ASX 20019.4316.4916.23
Australia-1.6012.1812.23
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Beta (Ref: S&P/ASX 200)
Levered betaUnlevered beta
1-Year0.820.72
2-Year1.030.90
3-Year1.151.01
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Stock Perf excl. Dividends (in AUD)
QANS&P/ASX 200Rel. Perf.
Year-to-Date7.6%0.3%7.2%
1-Week7.6%0.6%6.9%
1-Month15.6%11.5%4.1%
1-Year55.4%4.9%50.5%
3-Year75.4%13.9%61.6%
5-Year183.8%53.9%129.9%
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International Peers - Qantas Airways Limited
Company NameCtryMarket
Cap.
last (mUSD)
Qantas Airways LimitedAUS9 769
International Peers Median0.83
Ryanair Holdings PlcIRL-0.00
ANA Holdings Inc.JPN-0.00
Singapore Airlines Ltd.SGP15 032
International Consolida...ESP17 771
SAS ABSWEN/A
GPRV Analysis
Created with Highcharts 4.1.70/102/104/106/108/1010/10
Qantas Airways Limit...
Intl. Peers
U.S Patents No. 7,882,001 & 8,082,201
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Net Sales Chart
Created with Highcharts 4.1.7Millions AUD201920202021202220232024 (e)2025 (e)2026 (e)2027 (e)0k10k20k30k
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Quotes Chart

1-Year Rebased Stock Chart

  • Qantas Airways Limited
  • S&P/ASX 200
Created with Highcharts 4.1.7Jan '25Sep '24May '25-25%0%25%50%75%
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Did you know ?

On the Infront Analytics platform, there are two ways to identify the listed peers which most closely resemble a private firm:
- with Peer Tracker if you already know a listed peer.
Peer Tracker is a patented technology tool for building peer groups using industry classifications. The degree of similarity between two companies is calculated comparing their sector footprints and measured using comparability scores.
- with Market Screener if you have no listed peer in mind.
Market Screener is a dedicated interface for screening companies using multiple criteria, identifying peers, searching for comparable companies in a specific business sector.

About Market Multiples

Many methods can be used to value a company. In reality, business valuation is often a combination of these different approaches. One of the most widely used quantitative methods is the market multiples method. The market valuation is utilized generally as a primary market input, to provide an objective starting point for the valuation. Put simply, this method multiplies the sales or profits of a business by an industry averaged multiplier to calculate the Market Value of the business.
Current multiples include:
- Historical multiples based on standardized financials for the last completed fiscal period: Last, Last Twelve Months (LTM);
- Forward multiples based on consensus estimates for the current fiscal period and next ones: Next Twelve Months (NTM), FY0, FY1.
Current multiples based on per-share metrics (such as earnings per share or book value per share) are calculated using the last closing price, while current multiples based on company-level metrics (such as net sales, EBIT or EBITDA) are calculated using the current market cap or EV (Enterprise Value).