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- Garuda Indonesia
Garuda Indonesia Valuation Multiples
Discover revenue and EBITDA valuation multiples for Garuda Indonesia and similar public comparables like Surf Air, Azul, Norse Atlantic Airways, Air Busan and more.
Garuda Indonesia Overview
About Garuda Indonesia
PT Garuda Indonesia (Persero) Tbk provides airline services in Indonesia and internationally. It operates through Flight Operations, Aircraft Maintenance, and Other segments. It provides scheduled and non-scheduled airline services for domestic and international markets; and aircraft repair, maintenance, and overhaul services. The company also offers computerized reservation system (CRS); training facilities for the employees of travel agencies; technical assistance in the CRS for travel agents, as well as rents computer equipment for travel agents.
Founded
1950
HQ

Employees
4.5K
Website
Sectors
Financials (FY)
EV
$4B
Garuda Indonesia Financials
Garuda Indonesia reported last fiscal year revenue of $732M and EBITDA of $195M.
In the same fiscal year, Garuda Indonesia generated ($2B) in gross profit, $195M in EBITDA, and had net loss of ($322M).
Garuda Indonesia P&L
In the most recent fiscal year, Garuda Indonesia reported revenue of $732M and EBITDA of $195M.
Garuda Indonesia expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $732M | XXX | XXX | XXX |
| Gross Profit | — | XXX | ($2B) | XXX | XXX | XXX |
| Gross Margin | — | XXX | (270%) | XXX | XXX | XXX |
| EBITDA | — | XXX | $195M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 27% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (324%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($322M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (44%) | XXX | XXX | XXX |
| Net Debt | — | — | $471M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Garuda Indonesia Stock Performance
Garuda Indonesia has current market cap of $124M, and enterprise value of $4B.
Market Cap Evolution
Garuda Indonesia's stock price is $0.00.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $124M | 0.0% | XXX | XXX | XXX | $-0.00 |
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Start Free TrialGaruda Indonesia Valuation Multiples
Garuda Indonesia trades at 5.6x EV/Revenue multiple, and 21.1x EV/EBITDA.
Garuda Indonesia Financial Valuation Multiples
As of March 25, 2026, Garuda Indonesia has market cap of $124M and EV of $4B.
Equity research analysts estimate Garuda Indonesia's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Garuda Indonesia has a P/E ratio of (0.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $124M | XXX | $124M | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 5.6x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 21.1x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (1.7x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | (2.1x) | XXX | XXX | XXX |
| P/E | — | XXX | (0.4x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (21.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Garuda Indonesia 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.


Garuda Indonesia Margins & Growth Rates
Garuda Indonesia's revenue in the last fiscal year declined by (79%).
Garuda Indonesia Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | (79%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 27% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (54%) | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 25% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 7% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 55% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Garuda Indonesia Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Surf Air | XXX | XXX | XXX | XXX | XXX | XXX |
| Azul | XXX | XXX | XXX | XXX | XXX | XXX |
| Norse Atlantic Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| Air Busan | XXX | XXX | XXX | XXX | XXX | XXX |
| Alliance Aviation | 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.
Garuda Indonesia M&A Activity
Garuda Indonesia acquired XXX companies to date.
Last acquisition by Garuda Indonesia was on XXXXXXXX, XXXXX. Garuda Indonesia acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Garuda Indonesia
| 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 TrialGaruda Indonesia Investment Activity
Garuda Indonesia invested in XXX companies to date.
Garuda Indonesia made its latest investment on XXXXXXXX, XXXXX. Garuda Indonesia invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Garuda Indonesia
| 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 Garuda Indonesia
| When was Garuda Indonesia founded? | Garuda Indonesia was founded in 1950. |
| Where is Garuda Indonesia headquartered? | Garuda Indonesia is headquartered in Indonesia. |
| How many employees does Garuda Indonesia have? | As of today, Garuda Indonesia has over 4K employees. |
| Is Garuda Indonesia publicly listed? | Yes, Garuda Indonesia is a public company listed on Indonesia Stock Exchange. |
| What is the stock symbol of Garuda Indonesia? | Garuda Indonesia trades under GIAA ticker. |
| When did Garuda Indonesia go public? | Garuda Indonesia went public in 2011. |
| Who are competitors of Garuda Indonesia? | Garuda Indonesia main competitors are Surf Air, Azul, Norse Atlantic Airways, Air Busan. |
| What is the current market cap of Garuda Indonesia? | Garuda Indonesia's current market cap is $124M. |
| What is the current revenue of Garuda Indonesia? | Garuda Indonesia's last fiscal year revenue is $732M. |
| What is the current EV/Revenue multiple of Garuda Indonesia? | Current revenue multiple of Garuda Indonesia is 5.6x. |
| Is Garuda Indonesia profitable? | No, Garuda Indonesia is not profitable. |
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