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- Bangkok Airways
Bangkok Airways Valuation Multiples
Discover revenue and EBITDA valuation multiples for Bangkok Airways and similar public comparables like Volaris, Republic Airways Holdings, Sun Country Airlines, Frontier Airlines and more.
Bangkok Airways Overview
About Bangkok Airways
Bangkok Airways PCL is principally engaged in the provision of air transportation and airport services. It operates in three segments; The airline segment sells tickets and provides services to passengers, the airport segment provides location services for passengers and airlines, and the supporting airline business segment, which provides ground handling, cargo, and catering services for airlines and customers. The majority of revenue is from the Airline segment. It mainly operates in Thailand.
Founded
1968
HQ

Employees
2.3K
Website
Sectors
Financials (LTM)
EV
$1B
Bangkok Airways Financials
Bangkok Airways reported last 12-month revenue of $776M and EBITDA of $190M.
In the same LTM period, Bangkok Airways generated $236M in gross profit, $190M in EBITDA, and $115M in net income.
Revenue (LTM)
Bangkok Airways P&L
In the most recent fiscal year, Bangkok Airways reported revenue of $783M and EBITDA of $237M.
Bangkok Airways expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $776M | XXX | $783M | XXX | XXX | XXX |
| Gross Profit | $236M | XXX | $218M | XXX | XXX | XXX |
| Gross Margin | 30% | XXX | 28% | XXX | XXX | XXX |
| EBITDA | $190M | XXX | $237M | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 30% | XXX | XXX | XXX |
| EBIT Margin | 24% | XXX | 25% | XXX | XXX | XXX |
| Net Profit | $115M | XXX | $116M | XXX | XXX | XXX |
| Net Margin | 15% | XXX | 15% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Bangkok Airways Stock Performance
Bangkok Airways has current market cap of $900M, and enterprise value of $1B.
Market Cap Evolution
Bangkok Airways' stock price is $0.43.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $900M | 0.0% | XXX | XXX | XXX | $0.06 |
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Start Free TrialBangkok Airways Valuation Multiples
Bangkok Airways trades at 1.8x EV/Revenue multiple, and 7.3x EV/EBITDA.
EV / Revenue (LTM)
Bangkok Airways Financial Valuation Multiples
As of April 20, 2026, Bangkok Airways has market cap of $900M and EV of $1B.
Equity research analysts estimate Bangkok Airways' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Bangkok Airways has a P/E ratio of 7.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $900M | XXX | $900M | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | 7.3x | XXX | 5.8x | XXX | XXX | XXX |
| EV/EBIT | 7.4x | XXX | 7.2x | XXX | XXX | XXX |
| EV/Gross Profit | 5.9x | XXX | 6.4x | XXX | XXX | XXX |
| P/E | 7.8x | XXX | 7.7x | XXX | XXX | XXX |
| EV/FCF | 6.1x | XXX | 5.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Bangkok Airways 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.


Bangkok Airways Margins & Growth Rates
Bangkok Airways' revenue in the last 12 month declined by (1%).
Bangkok Airways' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.0M for the same period.
Bangkok Airways' rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Bangkok Airways' rule of X is 27% (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).
Bangkok Airways Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (1%) | XXX | (3%) | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 30% | XXX | XXX | XXX |
| EBITDA Growth | (3%) | XXX | (23%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 25% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 27% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 5% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 9% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 8% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Bangkok Airways Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Bangkok Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| Volaris | XXX | XXX | XXX | XXX | XXX | XXX |
| Republic Airways Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Sun Country Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Frontier Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Finnair | 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.
Bangkok Airways M&A Activity
Bangkok Airways acquired XXX companies to date.
Last acquisition by Bangkok Airways was on XXXXXXXX, XXXXX. Bangkok Airways acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Bangkok Airways
| 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 TrialBangkok Airways Investment Activity
Bangkok Airways invested in XXX companies to date.
Bangkok Airways made its latest investment on XXXXXXXX, XXXXX. Bangkok Airways invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Bangkok Airways
| 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 Bangkok Airways
| When was Bangkok Airways founded? | Bangkok Airways was founded in 1968. |
| Where is Bangkok Airways headquartered? | Bangkok Airways is headquartered in Thailand. |
| How many employees does Bangkok Airways have? | As of today, Bangkok Airways has over 2K employees. |
| Who is the CEO of Bangkok Airways? | Bangkok Airways' CEO is Puttipong Prasarttong-Osoth. |
| Is Bangkok Airways publicly listed? | Yes, Bangkok Airways is a public company listed on Stock Exchange of Thailand. |
| What is the stock symbol of Bangkok Airways? | Bangkok Airways trades under BA ticker. |
| When did Bangkok Airways go public? | Bangkok Airways went public in 2014. |
| Who are competitors of Bangkok Airways? | Bangkok Airways main competitors are Volaris, Republic Airways Holdings, Sun Country Airlines, Frontier Airlines. |
| What is the current market cap of Bangkok Airways? | Bangkok Airways' current market cap is $900M. |
| What is the current revenue of Bangkok Airways? | Bangkok Airways' last 12 months revenue is $776M. |
| What is the current revenue growth of Bangkok Airways? | Bangkok Airways revenue growth (NTM/LTM) is (1%). |
| What is the current EV/Revenue multiple of Bangkok Airways? | Current revenue multiple of Bangkok Airways is 1.8x. |
| Is Bangkok Airways profitable? | Yes, Bangkok Airways is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Bangkok Airways? | Bangkok Airways' last 12 months EBITDA is $190M. |
| What is Bangkok Airways' EBITDA margin? | Bangkok Airways' last 12 months EBITDA margin is 24%. |
| What is the current EV/EBITDA multiple of Bangkok Airways? | Current EBITDA multiple of Bangkok Airways is 7.3x. |
| What is the current FCF of Bangkok Airways? | Bangkok Airways' last 12 months FCF is $227M. |
| What is Bangkok Airways' FCF margin? | Bangkok Airways' last 12 months FCF margin is 29%. |
| What is the current EV/FCF multiple of Bangkok Airways? | Current FCF multiple of Bangkok Airways is 6.1x. |
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