China Southern Airlines Company600029.SHValuation Analysis

As of Oct 19, 2026, China Southern Airlines Company (600029.SH) trades at a negative P/E (-65.77x, due to a recent net loss), P/B of 2.86x, P/S of 0.45x, and a dividend yield of 0.00%.
Longitudinal percentile comparison: P/E historical percentile is still accumulating data over the trailing long-term window (vs. the short-term percentile still accumulating data); P/B sits at the 74th percentile over the trailing 10Y window (vs. 38th percentile over 3Y); P/S sits at the 1st percentile over the trailing 10Y window (vs. 1st percentile over 3Y).
Cross-sectional valuation: its P/B ranks at the 90th percentile within its industry and the 57th percentile across the broader market.
Shareholder return highlight: Total Shareholder Yield is 0.00%; its historical percentile over the trailing long-term window is still accumulating data.
Relative to the broader market, its P/B shows a deeper discount than it does against industry peers. Shareholder returns here are driven almost entirely by cash dividends, with minimal contribution from buybacks. China Southern Airlines Company operates in the Transportation sector. Data refreshes weekly and is for reference only, not investment advice.