What is Air T's price / book?

Air T (AIRT) reported price / book of 0.7× in Q1 2026.

What is the long-term trend for Air T's price / book?

Over 4 years (2021 to 2026), Air T's price / book has grown at a -36.9% compound annual growth rate (CAGR), from 4.7× to 0.7×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

Air T AIRT Price / book

Price / book at other companies

AAR CorpAIR

2.8×+0.8×

AerSale CorporationASLE

1×+0.1×

VSE CorporationVSEC

1.9×-0.6×

FTAI Aviation Ltd.FTAI

58.2×-344×

Willis Lease FinanceWLFC

1.7×-0.3×

Frontier Group Holdings, Inc.ULCC

3.7×+1.9×

Other financials

Income statement

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Revenue$120.9M+82.4%

Operating income-$13.8M—

Net income$77.7M+1,206%

EPS (diluted)$28.75+1,227%

Balance sheet

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Cash & equivalents$20.3M+201%

Total debt$15.6M-87.5%

Total equity$79.8M+2,582%

Total assets$409.1M+135%

Cash flow

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Operating cash flow-$44.0K-101%

CapEx$15.3M+10,139%

Free cash flow-$15.3M-485%

Valuation

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Market cap$71.46M+17.6%

Enterprise value$66.72M-67.5%

P/E0.9×—

P/S0.2×0.0×

Profitability

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Operating margin-3.5%—

Net margin23.8%+22.1pp

FCF margin-12.7%-20.4pp

Returns & leverage

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Return on equity-157.8%-201pp

Debt / equity0.2×—

Current ratio1.7×0.0×

Where this comes from

Calculated from Air T’s reported figures.

market cap/total stockholders equity=0.7×

Based on the most recent quarter.

The official record: Air T’s 10-K, filed June 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Air T's price / book?: Air T (AIRT) reported price / book of 0.7× in Q1 2026.
What is the long-term trend for Air T's price / book?: Over 4 years (2021 to 2026), Air T's price / book has grown at a -36.9% compound annual growth rate (CAGR), from 4.7× to 0.7×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.