Air T Inc (AIRT)

Air Courier Services

Latest Price

$28.38

TTM P/E

Normalized P/E

Div Yield

Book Value

24.18

P/B Ratio

1.17

Valuation metrics

EPS: $28.85

Book value / share: $29.54

Formula: √(22.5 × EPS × BVPS)

Graham Number

$138.48

+388% upside

Base FCF: $16M (median of recent 5yr)

Growth: 14%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$124.46

+339% upside

EPS: $28.85

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$432.75

+1425% upside

7.5% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Renaissance Technologies LLC	103.4K	$2.0M	3.84%	-3.0K	2026-06-30
Vanguard Capital Management LLC	42.4K	$1.0M	1.58%	--	2026-06-30
Morgan Stanley	31.2K	--	1.16%	-2.0K	2026-06-30
Geode Capital Management, LLC	11.3K	--	0.42%	-142	2026-06-30
Vanguard Fiduciary Trust Co	4.8K	--	0.18%	--	2026-06-30
BlackRock, Inc.	4.6K	--	0.17%	+1.0K	2026-06-30
Mercer Global Advisors Inc	2.0K	--	0.07%	--	2026-06-30
UBS Group AG	1.5K	--	0.06%	-594	2026-06-30
Tower Research Capital LLC (TRC)	655	--	0.02%	+472	2026-06-30
Vanguard Global Advisers, LLC	600	--	0.02%	--	2026-06-30