Aena SMEXMAD:AENA +1.47%98 Days Payable is 128.46 as of Mar. 2026, which is 66% above its 10-year median of 77.27. GuruFocus rates XMAD:AENA with a GF Score™ of 98/100 and a GF Value™ of €24.53 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 964 Transportation companies, Aena SME ranks better than 87.34% on this metric.
Aena SME's average Accounts Payable for the
three
months ended in Mar. 2026 was €602 Mil. Aena SME's Cost of Goods Sold for the
three
months ended in Mar. 2026 was €427 Mil.
Hence, Aena SME's Days Payable for the
three
months ended in Mar. 2026 was 128.46.
The historical rank and industry rank for Aena SME's Days Payable or its related term are showing as below:
XMAD:AENA'
s Days Payable Range Over the Past 10 Years
Min: 0.08 Med: 77.27 Max: 137.09
Current: 137.09
During the past 13 years, Aena SME's highest Days Payable was 137.09. The lowest was 0.08. And the median was 77.27.
XMAD:AENA's Days Payable is ranked better than 87.34% of 964
companies
in the Transportation industry
Industry Median: 39.01
vs XMAD:AENA: 137.09
Aena SME's Days Payable
declined
from Mar. 2025 (132.59) to Mar. 2026 (128.46).
It may suggest that Aena SMEaccelerated paying its suppliers.
Aena SME Days Payable Related Terms
Aena SME Days Payable Historical Data
* Premium members only.
The historical data trend for Aena SME's Days Payable 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.
For the Airports & Air Services subindustry, Aena SME's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable vs Transportation Industry
For the Transportation industry and Industrials sector, Aena SME's Days Payable distribution charts can be found below:
* The bar in red indicates where Aena SME's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Aena SME's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (XMAD:AENA) has a Days Payable of 128.46 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Aena SME and its competitors. This is 66% above median its historical median of 77.27. Over the past decade, Aena SME's Days Payable has ranged from 0.08 to 137.09. According to the industry distribution chart, Aena SME ranks #122 out of 964 companies in the Transportation industry, placing it in the top 12.7%.
Is Aena SME's Days Payable too high?
Aena SME's current Days Payable of 128.46 is 66% above median its 10-year median of 77.27. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 137.09. The Transportation industry median Days Payable is 39.01. Aena SME's value of 128.46 is 229.3% above this industry median. Based on the distribution chart, Aena SME ranks #122 out of 964 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Aena SME has a GF Score™ of 98/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aena SME's Days Payable compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Aena SME ranks #122 out of 964 companies for Days Payable. This places Aena SME in the top 13% of its industry — outperforming the majority of peers. The industry median Days Payable is 39.01. Aena SME's value of 128.46 is 229.3% above this benchmark. Historically, Aena SME's own Days Payable has ranged from 0.08 to 137.09 over the past decade. While the company's 10-year median is 77.27 vs. the industry median of 39.01, Aena SME has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Transportation company?
The median Days Payable among Transportation companies is 39.01, based on 964 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aena SME's current Days Payable of 128.46 is 229.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Aena SME and its competitors. For the Transportation industry, the median Days Payable is 39.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aena SME's current Days Payable is 128.46, which is 66% above median its own 10-year median of 77.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aena SME stock overvalued right now?
Based on GuruFocus' analysis, Aena SME (XMAD:AENA) is currently considered Modestly Overvalued. The stock's GF Value™ is €24.53, compared to a current price of €27.54 — trading 12.3% above its estimated fair value. The current Days Payable is 128.46, which is 66% above median its 10-year median of 77.27 and 229.3% above the Transportation industry median of 39.01. Aena SME's overall GF Score™ is 98/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Aena SME (XMAD:AENA), the current Days Payable is 128.46 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Aena SME (XMAD:AENA) Overvalued in 2026?
Based on GuruFocus' analysis, Aena SME stock appears to be overvalued.
The current stock price of €27.54 is trading 12.3% above its estimated GF Value™ of €24.53.
GuruFocus considers Aena SME to be Modestly Overvalued.
Key valuation signals for XMAD:AENA:
Days Payable: 128.46 (66% above median its 10-year median of 77.27)
GF Value™: €24.53 vs. price of €27.54 (12.3% above fair value)
Industry Position: 229.3% above the Transportation median (#122 of 964)
No single metric tells the full story. See the XMAD:AENA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aena's 46 airports in Spain handle 99.9% of the country's air traffic. Its three busiest airports—Madrid-Barajas, Barcelona-El Prat, and Palma de Mallorca—account for roughly half of Spain's passengers. The dual-till framework in Spain leaves its commercial and real estate businesses completely unregulated, allowing the group to monetize its passenger flow and earn economic rents. It is launching a transformational EUR 13 billion DORA III investment cycle (2027-31) to expand capacity across its Spanish network. The group also controls three airports in the UK (Luton, Leeds Bradford, and Newcastle) and 18 airports in Brazil. It has minority holdings in 12 airports in Mexico and two in Jamaica through its 6.4% look-through stake in Grupo Aeroportuario del Pacifico.
98GF Score
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