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Air T Inc
How the company evolved, year by year. Revenue and debt come from the annual reports — for most companies, the 10-K filings with the SEC since 2009; dividends from the payments themselves.
The bars are a balance on the closing date; the lines are what happened during the year. Revenue above equity is ordinary, not an anomaly — it means the company turns its capital over more than once a year.
Major managers that reported this stock in their latest 13F.
▲ +7.0% over 5Y.
today you would have $1,012.20▲ +1.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 16 closed years. Each multiple uses that year’s closing price and that year’s reported numbers — not today’s. The range is set by the annual reports on record.
| Indicator | Median | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $29.03 | $19.10 | $19.95 | $16.90 | $24.72 | $25.15 | $24.90 | $20.15 | $16.33 | $16.46 | $15.33 | $16.31 | $17.05 | $7.98 | $5.65 | $5.66 | |
| P/E | 14.7x |
Seven formulas applied to what the company reported. None of them predicts a price — each answers what the stock would be worth if its assumption held. The assumption is printed next to every number, because it is the assumption that produces the result.
Square root of 22.5 × earnings × book value — the two ceilings Graham proposed. Blind to intangibles, so it undervalues software and brands.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| HMRHeidmar Maritime Holdings Corp. | $1.41 | — | 5.8x | — | 0.90% | $83.18M |
| NVXNOVONIX Ltd | $3.51 | — | 0.5x | — | -61.97% | $87.56M |
| CBATCBAK Energy Technology Ltd | $0.93 | — | 0.8x | — | -16.17% | $82.45M |
| SRFMSurf Air Mobility Inc | $0.72 |
Air T, Inc. provides overnight air cargo; ground support equipment; commercial aircraft, engines, and parts; digital solutions; and regional airline services in the United States and internationally. The company's Overnight Air Cargo segment offers air express delivery services. As of March 31, 2026, this segment had 103 aircraft under the dry-lease agreements with FedEx. Its Ground Support Equipment segment manufactures, sells, and services aircraft deicers, scissor-type lifts, military and civilian decontamination units, flight-line tow tractors, glycol recovery vehicles, and other specialized equipment. This segment sells its products to passenger and cargo airlines, ground handling companies, the United States Air Force, airports, and industrial customers. Its Commercial Aircraft, Engines and Parts segment provide commercial aircraft trading, leasing, and parts solutions; commercial aircraft storage, storage maintenance, and aircraft disassembly/part-out services; commercial aircraft parts sales, exchanges, procurement services, consignment programs, and overhaul and repair services to airlines and commercial aircraft leasing companies. This segment also offers composite aircraft structures, and repair and support services, as well as aircraft service and maintenance services. Its Digital Solutions segment develops and provides digital aviation and other business services to customers within the aviation industry. This segment also offers cloud-based software solutions for aviation aftermarket businesses. Its Regional Airline segment provides scheduled passenger services, air freight, charter services, ancillary passenger services, and government subsidies. As of March 31, 2026, this segment had 98 aircraft consisting of 57 owned SAAB 340B AND 340B+ twin-engine turboprop aircraft and remaining 41 aircraft includes the training fleet of the Australian Airline Pilot Academy. Air T, Inc. was incorporated in 1980 and is based in Charlotte, North Carolina.
Company description provided by Yahoo Finance.
| 1.0x |
| — |
| — |
| — |
| 6.5x |
| — |
| 9.1x |
| 45.8x |
| 14.7x |
| — |
| 12.5x |
| 23.5x |
| 42.6x |
| 17.6x |
| 15.4x |
| 9.8x |
| P/S | 0.3x | 0.2x | 0.2x | 0.2x | 0.2x | 0.4x | 0.4x | 0.3x | 0.2x | 0.3x | 0.3x | 0.4x | 0.5x | 0.6x | 0.3x | 0.2x | 0.2x |
| P/B | 2.0x | 1.0x | — | 11.5x | 4.0x | 2.9x | 5.3x | 3.0x | 1.7x | 2.0x | 2.2x | 1.6x | 1.9x | 2.2x | 1.0x | 0.8x | 0.8x |
| EPS | $28.85 | -$2.23 | -$2.42 | -$4.32 | $3.78 | -$2.53 | $2.73 | $0.44 | $1.11 | -$1.01 | $1.23 | $0.69 | $0.40 | $0.45 | $0.37 | $0.58 |
| Dividend yield | 2.94% | — | — | — | — | — | — | — | — | — | — | — | — | — | 2.51% | 2.95% | 2.94% |
| Payout | 44.12% | — | — | — | — | — | — | — | — | — | — | — | — | — | 44.12% | 45.45% | 28.74% |
| Profit margin | 1.48% | 23.84% | -2.10% | -2.38% | -4.97% | 6.17% | -4.16% | 3.23% | 0.62% | 1.17% | -2.16% | 2.98% | 2.21% | 1.46% | 1.62% | 1.51% | 2.56% |
| ROE | 5.94% | 97.71% | — | -142.96% | -103.28% | 44.40% | -53.02% | 31.89% | 5.50% | 9.07% | -13.99% | 12.89% | 8.34% | 5.36% | 5.94% | 4.99% | 8.15% |
Median, not average: a single year of near-zero profit produces a P/E of 400 and would drag an average on its own. P/E years above 200x are left out, the same cut the fair price uses — so this median matches the “its own history” method below. Price and EPS have no median: they are series that grow.
Dividend growing 5.5% a year against a 7.0% required return, taken from the stock’s beta. The only method anchored on what the company pays rather than what it reports.
Not the average of the seven numbers above. Four of the seven start from the same earnings per share — Graham, Lynch, sector multiples and its own history — so averaging all seven would let one input count four times and drown out the others. Instead each family produces one number, and the fair price is the average of the families that answered. A family with two working formulas contributes their average, not two votes.
2 methods answered, across 2 families.
Every formula reads the same reported statements and they can be wrong together. The margin is room for that.
+102.2% from the average.
These are models, not forecasts, and not investment advice. Change one assumption and the number changes with it — that is a property of valuation, not a defect of this page.
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| $88.74M |
| BYRNByrna Technologies Inc. | $3.47 | — | 1.4x | — | -6.30% | $81.21M |
| LNZALanzaTech Global, Inc. | $6.17 | 0.3x | 0.3x | — | 138.69% | $80.76M |