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Aena SMEXMAD:AENA +0.68%92 EV-to-EBITDA is 9.23 as of Aug. 20, 2026, which is 20% below its 10-year median of 11.60. GuruFocus rates XMAD:AENA with a GF Score™ of 92/100 and a GF Value™ of €25.06 (Fairly Valued). The stock has 6 warning signs investors should review. Among 901 Transportation companies, Aena SME ranks worse than 53.16% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Aena SME's enterprise value is €46,539 Mil.
Aena SME's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €5,041 Mil. Therefore, Aena SME's EV-to-EBITDA for today is 9.23.
The historical rank and industry rank for Aena SME's EV-to-EBITDA or its related term are showing as below:
XMAD:AENA'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 7.33 Med: 11.6 Max: 204.54
Current: 9.22
During the past 13 years, the highest EV-to-EBITDA of Aena SME was 204.54. The lowest was 7.33. And the median was 11.60.
XMAD:AENA's EV-to-EBITDA is ranked worse than 53.16% of 901
companies
in the Transportation industry
Industry Median: 8.61
vs XMAD:AENA: 9.22
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Aena SME's share price for today is €26.68.
Aena SME's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1.957.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Aena SME's EV-to-EBITDA 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 EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, Aena SME's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Aena SME's EV-to-EBITDA falls into.
Aena SME's current Enterprise Value is €46,539 Mil.
Aena SME's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €5,041 Mil.
* 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 EV-to-EBITDA of 9.23 as of Aug. 20, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Aena SME. This is 20% below median its historical median of 11.60. Over the past decade, Aena SME's EV-to-EBITDA has ranged from 7.33 to 204.54. According to the industry distribution chart, Aena SME ranks #479 out of 901 companies in the Transportation industry, placing it in the top 53.2%.
Is Aena SME's EV-to-EBITDA too high?
Aena SME's current EV-to-EBITDA of 9.23 is 20% below median its 10-year median of 11.60. Over the past 10 years, this metric has ranged from a low of 7.33 to a high of 204.54. The Transportation industry median EV-to-EBITDA is 8.61. Aena SME's value of 9.23 is 7.2% above this industry median. Based on the distribution chart, Aena SME ranks #479 out of 901 companies in the Transportation industry, which is below the industry midpoint. Overall, Aena SME has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aena SME's EV-to-EBITDA compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Aena SME ranks #479 out of 901 companies for EV-to-EBITDA. This places Aena SME in the lower half of its industry. The industry median EV-to-EBITDA is 8.61. Aena SME's value of 9.23 is 7.2% above this benchmark. Historically, Aena SME's own EV-to-EBITDA has ranged from 7.33 to 204.54 over the past decade. While the company's 10-year median is 11.60 vs. the industry median of 8.61, 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 EV-to-EBITDA for a Transportation company?
The median EV-to-EBITDA among Transportation companies is 8.61, based on 901 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aena SME's current EV-to-EBITDA of 9.23 is 7.2% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Aena SME. For the Transportation industry, the median EV-to-EBITDA is 8.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aena SME's current EV-to-EBITDA is 9.23, which is 20% below median its own 10-year median of 11.60. 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 Fairly Valued. The stock's GF Value™ is €25.06, compared to a current price of €26.68 — trading 6.5% above its estimated fair value. The current EV-to-EBITDA is 9.23, which is 20% below median its 10-year median of 11.60 and 7.2% above the Transportation industry median of 8.61. Aena SME's overall GF Score™ is 92/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Aena SME (XMAD:AENA), the current EV-to-EBITDA is 9.23 as of Aug. 20, 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 €26.68 is trading 6.5% above its estimated GF Value™ of €25.06.
GuruFocus considers Aena SME to be Fairly Valued.
Key valuation signals for XMAD:AENA:
EV-to-EBITDA: 9.23 (20% below median its 10-year median of 11.60)
GF Value™: €25.06 vs. price of €26.68 (6.5% above fair value)
Industry Position: 7.2% above the Transportation median (#479 of 901)
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.
92GF Score
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