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- Air France-KLM
Air France-KLM Valuation Multiples
Discover revenue and EBITDA valuation multiples for Air France-KLM and similar public comparables like Vietnam Airlines, El Al, VietJet Air, Flynas and more.
Air France-KLM Overview
About Air France-KLM
Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The group has four segments: network, maintenance, Transavia, and others. The network segment derives key revenue that includes the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. The company's geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.
Founded
1947
HQ

Employees
78.0K
Website
Sectors
Financials (LTM)
EV
$4B
Air France-KLM Financials
Air France-KLM reported last 12-month revenue of $39B and EBITDA of $6B.
In the same LTM period, Air France-KLM generated $30B in gross profit, $6B in EBITDA, and $2B in net income.
Revenue (LTM)
Air France-KLM P&L
In the most recent fiscal year, Air France-KLM reported revenue of $39B and EBITDA of $6B.
Air France-KLM expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $39B | XXX | $39B | XXX | XXX | XXX |
| Gross Profit | $30B | XXX | $6B | XXX | XXX | XXX |
| Gross Margin | 77% | XXX | 16% | XXX | XXX | XXX |
| EBITDA | $6B | XXX | $6B | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 5% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Air France-KLM Stock Performance
Air France-KLM has current market cap of $3B, and enterprise value of $4B.
Market Cap Evolution
Air France-KLM's stock price is $12.93.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $3B | (0.2%) | XXX | XXX | XXX | $7.04 |
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Start Free TrialAir France-KLM Valuation Multiples
Air France-KLM trades at 0.1x EV/Revenue multiple, and 0.6x EV/EBITDA.
EV / Revenue (LTM)
Air France-KLM Financial Valuation Multiples
As of March 7, 2026, Air France-KLM has market cap of $3B and EV of $4B.
Equity research analysts estimate Air France-KLM's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Air France-KLM has a P/E ratio of 2.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 0.1x | XXX | 0.1x | XXX | XXX | XXX |
| EV/EBITDA | 0.6x | XXX | 0.6x | XXX | XXX | XXX |
| EV/EBIT | 1.6x | XXX | 1.6x | XXX | XXX | XXX |
| EV/Gross Profit | 0.1x | XXX | 0.6x | XXX | XXX | XXX |
| P/E | 2.0x | XXX | 1.8x | XXX | XXX | XXX |
| EV/FCF | 5.7x | XXX | 5.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Air France-KLM Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Air France-KLM Margins & Growth Rates
Air France-KLM's revenue in the last 12 month grew by 3%.
Air France-KLM's revenue per employee in the last FY averaged $0.5M.
Air France-KLM's rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Air France-KLM's rule of X is 24% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Air France-KLM Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | (4%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 19% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 24% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 10% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Air France-KLM Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Vietnam Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| El Al | XXX | XXX | XXX | XXX | XXX | XXX |
| VietJet Air | XXX | XXX | XXX | XXX | XXX | XXX |
| Flynas | XXX | XXX | XXX | XXX | XXX | XXX |
| SkyWest | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Air France-KLM M&A Activity
Air France-KLM acquired XXX companies to date.
Last acquisition by Air France-KLM was on XXXXXXXX, XXXXX. Air France-KLM acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Air France-KLM
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAir France-KLM Investment Activity
Air France-KLM invested in XXX companies to date.
Air France-KLM made its latest investment on XXXXXXXX, XXXXX. Air France-KLM invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Air France-KLM
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Air France-KLM
| When was Air France-KLM founded? | Air France-KLM was founded in 1947. |
| Where is Air France-KLM headquartered? | Air France-KLM is headquartered in France. |
| How many employees does Air France-KLM have? | As of today, Air France-KLM has over 78K employees. |
| Who is the CEO of Air France-KLM? | Air France-KLM's CEO is Benjamin Smith. |
| Is Air France-KLM publicly listed? | Yes, Air France-KLM is a public company listed on Euronext Paris. |
| What is the stock symbol of Air France-KLM? | Air France-KLM trades under AF ticker. |
| When did Air France-KLM go public? | Air France-KLM went public in 1989. |
| Who are competitors of Air France-KLM? | Air France-KLM main competitors are Vietnam Airlines, El Al, VietJet Air, Flynas. |
| What is the current market cap of Air France-KLM? | Air France-KLM's current market cap is $3B. |
| What is the current revenue of Air France-KLM? | Air France-KLM's last 12 months revenue is $39B. |
| What is the current revenue growth of Air France-KLM? | Air France-KLM revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Air France-KLM? | Current revenue multiple of Air France-KLM is 0.1x. |
| Is Air France-KLM profitable? | Yes, Air France-KLM is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Air France-KLM? | Air France-KLM's last 12 months EBITDA is $6B. |
| What is Air France-KLM's EBITDA margin? | Air France-KLM's last 12 months EBITDA margin is 15%. |
| What is the current EV/EBITDA multiple of Air France-KLM? | Current EBITDA multiple of Air France-KLM is 0.6x. |
| What is the current FCF of Air France-KLM? | Air France-KLM's last 12 months FCF is $671M. |
| What is Air France-KLM's FCF margin? | Air France-KLM's last 12 months FCF margin is 2%. |
| What is the current EV/FCF multiple of Air France-KLM? | Current FCF multiple of Air France-KLM is 5.7x. |
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