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Aena SMEXMAD:AENA -2.74%95 EV-to-OCF is 15.07 as of Sep. 10, 2026, which is 1% above its 10-year median of 14.90. GuruFocus rates XMAD:AENA with a GF Score™ of 95/100 and a GF Value™ of €24.55 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,017 Transportation companies, Aena SME ranks worse than 78.27% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Aena SME's Enterprise Value is €43,809 Mil.
Aena SME's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €2,906 Mil. Therefore, Aena SME's EV-to-OCF for today is 15.07.
The historical rank and industry rank for Aena SME's EV-to-OCF or its related term are showing as below:
XMAD:AENA'
s EV-to-OCF Range Over the Past 10 Years
Min: -197.16 Med: 14.9 Max: 197.43
Current: 15.57
During the past 13 years, the highest EV-to-OCF of Aena SME was 197.43. The lowest was -197.16. And the median was 14.90.
XMAD:AENA's EV-to-OCF is ranked worse than 78.27% of 1017
companies
in the Transportation industry
Industry Median: 8.05
vs XMAD:AENA: 15.57
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 €24.86.
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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Aena SME EV-to-OCF Related Terms
Aena SME EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Aena SME's EV-to-OCF 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Transportation Industry
For the Transportation industry and Industrials sector, Aena SME's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Aena SME's EV-to-OCF falls into.
Aena SME's current Enterprise Value is €43,809 Mil.
Aena SME's Cash Flow from Operations 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 €2,906 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-OCF of 15.07 as of Sep. 10, 2026. This is near median its historical median of 14.90. According to the industry distribution chart, Aena SME ranks #796 out of 1017 companies in the Transportation industry, placing it in the top 78.3%.
Is Aena SME's EV-to-OCF too high?
Aena SME's current EV-to-OCF of 15.07 is near median its 10-year median of 14.90. The Transportation industry median EV-to-OCF is 8.05. Aena SME's value of 15.07 is 87.2% above this industry median. Based on the distribution chart, Aena SME ranks #796 out of 1017 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Aena SME has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aena SME's EV-to-OCF compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Aena SME ranks #796 out of 1017 companies for EV-to-OCF. This places Aena SME in the lower half of its industry. The industry median EV-to-OCF is 8.05. Aena SME's value of 15.07 is 87.2% above this benchmark. While the company's 10-year median is 14.90 vs. the industry median of 8.05, 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-OCF for a Transportation company?
The median EV-to-OCF among Transportation companies is 8.05, based on 1,017 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aena SME's current EV-to-OCF of 15.07 is 87.2% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median EV-to-OCF is 8.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aena SME's current EV-to-OCF is 15.07, which is near median its own 10-year median of 14.90. 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 €24.55, compared to a current price of €24.86 — trading 1.3% above its estimated fair value. The current EV-to-OCF is 15.07, which is near median its 10-year median of 14.90 and 87.2% above the Transportation industry median of 8.05. Aena SME's overall GF Score™ is 95/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Aena SME (XMAD:AENA), the current EV-to-OCF is 15.07 as of Sep. 10, 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 €24.86 is trading 1.3% above its estimated GF Value™ of €24.55.
GuruFocus considers Aena SME to be Fairly Valued.
Key valuation signals for XMAD:AENA:
EV-to-OCF: 15.07 (near median its 10-year median of 14.90)
GF Value™: €24.55 vs. price of €24.86 (1.3% above fair value)
Industry Position: 87.2% above the Transportation median (#796 of 1017)
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.
95GF Score
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