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Aena SME (MEX:AENA N) Cyclically Adjusted PB Ratio : 7.35 (As of Jul. 02, 2025)


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What is Aena SME Cyclically Adjusted PB Ratio?

As of today (2025-07-02), Aena SME's current share price is MXN503.42. Aena SME's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN68.49. Aena SME's Cyclically Adjusted PB Ratio for today is 7.35.

The historical rank and industry rank for Aena SME's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:AENA N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.28   Med: 4.09   Max: 5.29
Current: 4.94

During the past years, Aena SME's highest Cyclically Adjusted PB Ratio was 5.29. The lowest was 3.28. And the median was 4.09.

MEX:AENA N's Cyclically Adjusted PB Ratio is ranked worse than
90.21% of 725 companies
in the Transportation industry
Industry Median: 1.27 vs MEX:AENA N: 4.94

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Aena SME's adjusted book value per share data for the three months ended in Mar. 2025 was MXN126.854. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN68.49 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aena SME Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Aena SME's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Aena SME Cyclically Adjusted PB Ratio Chart

Aena SME Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 3.06 3.94 4.39

Aena SME Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.30 4.32 4.52 4.39 4.72

Competitive Comparison of Aena SME's Cyclically Adjusted PB Ratio

For the Airports & Air Services subindustry, Aena SME's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Aena SME's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aena SME's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Aena SME's Cyclically Adjusted PB Ratio falls into.


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Aena SME Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Aena SME's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=503.42/68.49
=7.35

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Aena SME's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Aena SME's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=126.854/125.5305*125.5305
=126.854

Current CPI (Mar. 2025) = 125.5305.

Aena SME Quarterly Data

Book Value per Share CPI Adj_Book
201506 44.362 101.138 55.061
201509 51.894 99.559 65.431
201512 53.744 100.268 67.285
201603 54.463 98.638 69.312
201606 59.400 100.333 74.317
201609 68.321 99.737 85.990
201612 72.397 101.842 89.236
201703 68.368 100.896 85.060
201706 66.505 101.848 81.969
201709 78.032 101.524 96.484
201712 88.048 102.975 107.334
201803 86.644 102.122 106.505
201806 79.956 104.165 96.356
201809 83.576 103.818 101.055
201812 89.871 104.193 108.275
201903 89.833 103.488 108.967
201906 79.750 104.612 95.697
201909 87.639 103.905 105.879
201912 89.491 105.015 106.974
202003 108.972 103.469 132.207
202006 105.312 104.254 126.804
202009 106.063 103.521 128.613
202012 98.135 104.456 117.934
202103 95.215 104.857 113.987
202106 93.016 107.102 109.020
202109 97.175 107.669 113.296
202112 87.287 111.298 98.449
202203 89.253 115.153 97.297
202206 90.741 118.044 96.496
202209 90.335 117.221 96.739
202212 92.491 117.650 98.686
202303 88.269 118.948 93.154
202306 82.362 120.278 85.958
202309 88.868 121.343 91.935
202312 94.124 121.300 97.407
202403 94.827 122.762 96.965
202406 94.782 124.409 95.637
202409 113.878 123.121 116.107
202412 120.496 124.753 121.247
202503 126.854 125.531 126.854

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Aena SME  (MEX:AENA N) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Aena SME Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Aena SME's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Aena SME Business Description

Industry
Address
Calle Peonias, 12, Madrid, ESP, 28042
Aena SME SA is a Spanish airport operator with various airports in Spain, including Madrid and Barcelona, and has stakes in multiple international airports. The group generates regulated and nonregulated revenue. Regulated revenue includes fees collected from takeoff and landing, passenger fees and security, whereas nonregulated revenue stems from commercial activities such as retail, food and beverage and advertising sales. The Group carries out its business activities in the following segments: Airports; Real estate services; Region de Murcia International Airport (AIRM) and International.

Aena SME Headlines

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