AAR Corp. (AIR) P/E Ratio History
UndervaluedTrading at 24.1x vs 5Y avg 37.1x · 45th percentile · Below historical baseline · Data 1991–2026
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P/E Ratio Analysis
As of September 23, 2026, AAR Corp. (AIR) trades at a price-to-earnings ratio of 24.1x, with a stock price of $117.75 and trailing twelve-month earnings per share of $4.74.
The current P/E is 35% below its 5-year average of 37.1x. Over the past five years, AIR's P/E has ranged from a low of 15.7x to a high of 110.3x, placing the current valuation at the 45th percentile of its historical range.
Compared to the Industrials sector median P/E of 26.4x, AIR is roughly in line with its sector peers. The sector includes 397 companies with P/E ratios ranging from 0.1x to 194.2x.
The PEG ratio of 0.64 (P/E divided by 1297% EPS growth) suggests the stock may be undervalued relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, AIR trades roughly in line with the S&P 500 median P/E of 25.5x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our AIR DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
AIR Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
AIR P/E vs Peers
Aviation Aftermarket and MRO peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $43B | 62.8 | 3.82 | +34% | |
| $3B | 31.5 | 2.49 | -9% | |
| $3B | 19.0Lowest | 0.14Best | +26% | |
| $10B | 36.1 | 2.87 | +29% | |
| $62B | 34.7 | 1.11 | +25% | |
| $19B | 41.2 | - | +1538%Best | |
| $9B | 361.3 | - | +18% | |
| $331B | 39.1 | 3.31 | +36% | |
| $257B | 38.5 | - | +40% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
AIR Historical P/E Data (1991–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q4 | May 31 2026 | $112.62 | $4.86 | 23.2x | -69% |
| FY2026 Q3 | Feb 28 2026 | $117.17 | $4.53 | 25.9x | -65% |
| FY2026 Q2 | Nov 30 2025 | $83.21 | $2.57 | 32.4x | -56% |
| FY2026 Q1 | Aug 31 2025 | $75.66 | $1.16 | 65.2x | -12% |
| FY2025 Q4 | May 31 2025 | $61.41 | $0.70 | 87.7x | +19% |
| FY2025 Q2 | Nov 30 2024 | $69.52 | $0.63 | 110.3x | +50% |
| FY2025 Q1 | Aug 31 2024 | $65.78 | $1.81 | 36.3x | -51% |
| FY2024 Q4 | May 31 2024 | $70.99 | $1.29 | 54.9x | -26% |
| FY2024 Q3 | - | $66.78 | $1.70 | 39.2x | -47% |
| FY2024 Q2 | - | $69.30 | $1.93 | 35.9x | -51% |
| FY2024 Q1 | - | $61.60 | $1.90 | 32.4x | -56% |
| FY2023 Q4 | May 31 2023 | $50.11 | $2.56 | 19.6x | -73% |
| FY2023 Q3 | - | $54.39 | $2.57 | 21.2x | -71% |
| FY2023 Q2 | Nov 30 2022 | $46.56 | $2.58 | 18.0x | -76% |
| FY2023 Q1 | Aug 31 2022 | $42.88 | $2.52 | 17.0x | -77% |
| FY2022 Q4 | - | $48.22 | $2.20 | 21.9x | -70% |
| FY2022 Q3 | Feb 28 2022 | $44.94 | $1.92 | 23.4x | -68% |
| FY2022 Q2 | - | $32.66 | $2.08 | 15.7x | -79% |
| FY2022 Q1 | - | $33.85 | $1.73 | 19.6x | -73% |
| FY2021 Q4 | May 31 2021 | $41.75 | $1.00 | 41.8x | -43% |
| FY2021 Q3 | Feb 28 2021 | $39.78 | $0.13 | 306.0x | +315% |
| FY2020 Q4 | May 31 2020 | $20.17 | $0.10 | 201.7x | +173% |
| FY2020 Q3 | Feb 29 2020 | $34.55 | $1.23 | 28.1x | -62% |
| FY2020 Q2 | Nov 30 2019 | $44.69 | $0.10 | 446.9x | +506% |
| FY2019 Q4 | May 31 2019 | $30.09 | $0.21 | 143.3x | +94% |
| FY2019 Q2 | Nov 30 2018 | $43.69 | $1.41 | 31.0x | -58% |
| FY2019 Q1 | Aug 31 2018 | $46.67 | $0.55 | 84.9x | +15% |
| FY2018 Q4 | - | $44.69 | $0.43 | 103.9x | +41% |
| FY2018 Q3 | Feb 28 2018 | $42.58 | $0.71 | 60.0x | -19% |
| FY2018 Q2 | - | $41.58 | $0.67 | 62.1x | -16% |
| FY2018 Q1 | - | $36.06 | $1.68 | 21.4x | -71% |
| FY2017 Q4 | May 31 2017 | $34.94 | $1.65 | 21.2x | -71% |
| FY2017 Q3 | - | $34.42 | $1.37 | 25.1x | -66% |
| FY2017 Q2 | Nov 30 2016 | $36.89 | $1.11 | 33.2x | -55% |
| FY2017 Q1 | Aug 31 2016 | $24.61 | $0.99 | 24.9x | -66% |
| FY2016 Q4 | - | $24.41 | $1.36 | 18.0x | -76% |
| FY2016 Q3 | Feb 29 2016 | $21.29 | $1.38 | 15.4x | -79% |
| FY2016 Q2 | Nov 30 2015 | $24.56 | $0.36 | 68.5x | -7% |
| FY2016 Q1 | Aug 31 2015 | $24.33 | $0.51 | 47.7x | -35% |
| FY2015 Q4 | May 31 2015 | $29.54 | $0.22 | 134.3x | +82% |
| FY2015 Q3 | Feb 28 2015 | $29.40 | $0.29 | 101.4x | +37% |
| FY2015 Q2 | Nov 30 2014 | $25.63 | $1.62 | 15.8x | -79% |
| FY2015 Q1 | Aug 31 2014 | $27.70 | $1.74 | 15.9x | -78% |
| FY2014 Q4 | May 31 2014 | $24.30 | $1.83 | 13.3x | -82% |
| FY2014 Q3 | Feb 28 2014 | $28.90 | $1.41 | 20.5x | -72% |
| FY2014 Q2 | Nov 30 2013 | $31.22 | $1.42 | 22.0x | -70% |
| FY2014 Q1 | Aug 31 2013 | $25.09 | $1.36 | 18.4x | -75% |
| FY2013 Q4 | May 31 2013 | $20.06 | $1.36 | 14.8x | -80% |
| FY2013 Q3 | - | $17.57 | $1.67 | 10.5x | -86% |
| FY2013 Q2 | Nov 30 2012 | $15.36 | $1.71 | 9.0x | -88% |
| FY2013 Q1 | Aug 31 2012 | $14.88 | $1.70 | 8.8x | -88% |
| FY2012 Q4 | - | $12.05 | $1.66 | 7.3x | -90% |
| FY2012 Q3 | Feb 29 2012 | $22.05 | $1.86 | 11.9x | -84% |
| FY2012 Q2 | Nov 30 2011 | $18.26 | $1.80 | 10.1x | -86% |
| FY2012 Q1 | Aug 31 2011 | $23.59 | $1.79 | 13.2x | -82% |
| FY2011 Q4 | - | $26.39 | $1.73 | 15.3x | -79% |
| FY2011 Q3 | Feb 28 2011 | $27.29 | $1.47 | 18.6x | -75% |
| FY2011 Q2 | - | $24.56 | $1.29 | 19.0x | -74% |
| FY2011 Q1 | - | $15.36 | $1.21 | 12.7x | -83% |
| FY2010 Q4 | May 31 2010 | $19.70 | $1.13 | 17.4x | -76% |
| FY2010 Q3 | Feb 28 2010 | $22.68 | $1.35 | 16.8x | -77% |
| FY2010 Q2 | Nov 30 2009 | $18.66 | $1.52 | 12.3x | -83% |
| FY2010 Q1 | Aug 31 2009 | $17.01 | $1.45 | 11.7x | -84% |
| FY2009 Q4 | May 31 2009 | $14.70 | $1.56 | 9.4x | -87% |
| FY2009 Q3 | Feb 28 2009 | $13.22 | $1.59 | 8.3x | -89% |
| FY2009 Q2 | Nov 30 2008 | $16.94 | $1.63 | 10.4x | -86% |
| FY2009 Q1 | Aug 31 2008 | $15.87 | $1.78 | 8.9x | -88% |
| FY2008 Q4 | May 31 2008 | $19.28 | $1.76 | 11.0x | -85% |
| FY2008 Q3 | Feb 29 2008 | $25.89 | $1.66 | 15.6x | -79% |
| FY2008 Q2 | Nov 30 2007 | $33.02 | $1.55 | 21.3x | -71% |
| FY2008 Q1 | Aug 31 2007 | $31.40 | $1.46 | 21.5x | -71% |
| FY2007 Q4 | - | $32.50 | $1.39 | 23.4x | -68% |
| FY2007 Q3 | Feb 28 2007 | $29.08 | $1.28 | 22.7x | -69% |
| FY2007 Q2 | - | $26.59 | $1.16 | 22.9x | -69% |
| FY2007 Q1 | - | $22.31 | $1.05 | 21.2x | -71% |
| FY2006 Q4 | May 31 2006 | $24.08 | $0.91 | 26.5x | -64% |
| FY2006 Q3 | - | $25.31 | $0.76 | 33.3x | -55% |
| FY2006 Q2 | Nov 30 2005 | $20.94 | $0.60 | 34.9x | -53% |
| FY2006 Q1 | Aug 31 2005 | $17.60 | $0.52 | 33.8x | -54% |
| FY2005 Q4 | - | $16.04 | $0.44 | 36.5x | -51% |
| FY2005 Q3 | Feb 28 2005 | $11.15 | $0.37 | 30.2x | -59% |
| FY2005 Q2 | - | $13.67 | $0.35 | 39.2x | -47% |
| FY2005 Q1 | - | $10.70 | $0.24 | 44.8x | -39% |
| FY2004 Q4 | May 31 2004 | $9.58 | $0.11 | 90.1x | +22% |
| FY2002 Q1 | Aug 31 2001 | $17.06 | $0.59 | 28.9x | -61% |
| FY2001 Q4 | - | $14.00 | $0.69 | 20.3x | -72% |
| FY2001 Q3 | Feb 28 2001 | $13.60 | $0.57 | 23.8x | -68% |
| FY2001 Q2 | - | $10.38 | $0.77 | 13.4x | -82% |
| FY2001 Q1 | - | $11.25 | $1.01 | 11.1x | -85% |
| FY2000 Q4 | May 31 2000 | $13.88 | $1.28 | 10.8x | -85% |
| FY2000 Q3 | - | $23.75 | $1.61 | 14.8x | -80% |
| FY2000 Q2 | - | $16.50 | $1.58 | 10.4x | -86% |
| FY2000 Q1 | - | $21.38 | $1.54 | 13.9x | -81% |
| FY1999 Q4 | May 31 1999 | $19.75 | $1.49 | 13.3x | -82% |
| FY1999 Q3 | Feb 28 1999 | $15.13 | $1.45 | 10.4x | -86% |
| FY1999 Q2 | Nov 30 1998 | $25.25 | $1.41 | 17.9x | -76% |
| FY1999 Q1 | Aug 31 1998 | $22.13 | $1.35 | 16.4x | -78% |
| FY1998 Q4 | May 31 1998 | $26.44 | $1.27 | 20.8x | -72% |
| FY1998 Q3 | Feb 28 1998 | $30.38 | $1.15 | 26.4x | -64% |
| FY1998 Q2 | Nov 30 1997 | $25.71 | $1.06 | 24.3x | -67% |
| FY1998 Q1 | Aug 31 1997 | $22.38 | $0.97 | 23.1x | -69% |
| FY1997 Q4 | May 31 1997 | $20.67 | $0.91 | 22.7x | -69% |
| FY1997 Q3 | Feb 28 1997 | $17.00 | $0.86 | 19.8x | -73% |
| FY1997 Q2 | Nov 30 1996 | $19.92 | $0.79 | 25.2x | -66% |
| FY1997 Q1 | Aug 31 1996 | $14.42 | $0.73 | 19.7x | -73% |
| FY1996 Q4 | May 31 1996 | $14.75 | $0.66 | 22.3x | -70% |
| FY1996 Q3 | - | $13.08 | $0.60 | 21.8x | -70% |
| FY1996 Q2 | - | $12.25 | $0.55 | 22.3x | -70% |
| FY1996 Q1 | - | $11.08 | $0.49 | 22.6x | -69% |
| FY1995 Q4 | May 31 1995 | $10.17 | $0.45 | 22.6x | -69% |
| FY1995 Q3 | - | $9.17 | $0.40 | 22.9x | -69% |
| FY1995 Q2 | Nov 30 1994 | $8.75 | $0.37 | 23.6x | -68% |
| FY1995 Q1 | Aug 31 1994 | $9.00 | $0.38 | 23.7x | -68% |
| FY1994 Q4 | - | $9.58 | $0.40 | 24.0x | -68% |
| FY1994 Q3 | Feb 28 1994 | $10.58 | $0.36 | 29.6x | -60% |
| FY1994 Q2 | - | $9.17 | $0.03 | 339.5x | +360% |
| FY1993 Q4 | May 31 1993 | $9.00 | $0.02 | 529.4x | +618% |
| FY1993 Q3 | Feb 28 1993 | $8.25 | $0.00 | 4125.0x | +5491% |
| FY1993 Q2 | Nov 30 1992 | $7.92 | $0.36 | 21.9x | -70% |
| FY1993 Q1 | Aug 31 1992 | $8.00 | $0.40 | 19.9x | -73% |
| FY1992 Q4 | May 31 1992 | $8.58 | $0.42 | 20.3x | -72% |
| FY1992 Q3 | Feb 29 1992 | $10.33 | $0.56 | 18.5x | -75% |
| FY1992 Q2 | Nov 30 1991 | $8.25 | $0.61 | 13.5x | -82% |
| FY1992 Q1 | Aug 31 1991 | $10.83 | $0.51 | 21.2x | -71% |
| FY1991 Q4 | May 31 1991 | $9.42 | $0.64 | 14.7x | -80% |
| FY1991 Q3 | - | $8.58 | $0.72 | 11.9x | -84% |
| FY1991 Q2 | Nov 30 1990 | $7.92 | $0.80 | 9.9x | -87% |
Average P/E for displayed period: 73.8x
AIR Chart Terminal
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Historical Returns
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Peer Comparison
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AIR — Frequently Asked Questions
Quick answers to the most common questions about buying AIR stock.
What is AIR's P/E ratio?
AAR Corp. (AIR) trailing twelve-month P/E ratio is 24.1x, based on TTM diluted EPS of $4.74. The 5-year average P/E is 37.1x and the historical range spans 15.7x to 110.3x.
Is AIR stock overvalued or undervalued?
AIR trades at 24.1x P/E, below its 5-year average of 37.1x. At the 45th percentile of its historical range (15.7x–110.3x), the stock is priced at a discount to its own history.
Is AIR stock expensive?
No, AIR is not expensive on a historical basis. The current P/E of 24.1x is below the 5-year average of 37.1x and sits at the 45th percentile of its valuation range.
What is AIR's historical P/E range?
Over the past 5 years, AIR's P/E ratio has ranged from 15.7x to 110.3x, with a median of 32.4x and an average of 37.1x. The current P/E of 24.1x places the stock at the 45th percentile of this range. Full historical data spans 1991–2026.
How does AIR's P/E compare to the S&P 500?
AIR trades at 24.1x P/E versus the S&P 500 median of 25.5x. The 5% discount to the market suggests lower growth expectations or perceived higher risk.
How does AIR's valuation compare to Industrials peers?
AAR Corp. P/E of 24.1x compares to the Industrials sector median of 26.4x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is AIR's PEG ratio?
AIR PEG ratio is 0.64, based on a P/E of 24.1x and EPS growth of 1297.1%. A PEG below 1.0 indicates the valuation is supported by the earnings growth rate — typically considered attractive.
What is AIR's earnings yield?
AIR earnings yield is 4.15%, the inverse of its 24.1x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.