Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Aena SME's Enterprise Value is €44,562 Mil.
Aena SME's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €4,138 Mil. Therefore, Aena SME's EV-to-EBIT ratio for today is 10.77.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Aena SME's Enterprise Value is €44,562 Mil.
Aena SME's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €4,929 Mil. Therefore, Aena SME's EV-to-EBITDA ratio for today is 9.04.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Aena SME's Enterprise Value is €44,562 Mil.
Aena SME's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €8,228 Mil. Therefore, Aena SME's EV-to-Revenue ratio for today is 5.42.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Aena SME's Enterprise Value is €44,562 Mil.
Aena SME's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €1,720 Mil. Therefore, Aena SME's EV-to-FCF ratio for today is 25.90.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Aena SME (HAM:A441) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Aena SME's current Enterprise Value is €44,562 Mil.
Aena SME's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €4,138 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Aena SME's current Enterprise Value is €44,562 Mil.
Aena SME's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €4,929 Mil.
Aena SME's current Enterprise Value is €44,562 Mil.
Aena SME's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €8,228 Mil.
Aena SME's current Enterprise Value is €44,562 Mil.
Aena SME's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €2,875 Mil.
Aena SME's current Enterprise Value is €44,562 Mil.
Aena SME's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,720 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 Enterprise Value Related Terms
Aena SME Enterprise Value Historical Data
* Premium members only.
The historical data trend for Aena SME's Enterprise Value 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.
HAM:A441 vs JOBY, CAAP: Enterprise Value Comparison
For the Airports & Air Services subindustry, Aena SME's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Transportation Industry
For the Transportation industry and Industrials sector, Aena SME's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Aena SME's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Aena SME's Enterprise Value 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 (HAM:A441) has a Enterprise Value of €44,562 Mil as of Jul. 02, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Aena SME and its competitors.
Is Aena SME's Enterprise Value too high?
Aena SME's current Enterprise Value is €44,562 Mil. 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 Enterprise Value compare to JOBY and CAAP?
Aena SME's Enterprise Value of €44,562 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Transportation company?
A good Enterprise Value depends on the Transportation industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Aena SME and its competitors. Aena SME's current Enterprise Value is €44,562 Mil. 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 (HAM:A441) is currently considered Fairly Valued. The stock's GF Value™ is €24.59, compared to a current price of €26.64 — trading 8.3% above its estimated fair value. The current Enterprise Value is €44,562 Mil. Aena SME's overall GF Score™ is 92/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Aena SME (HAM:A441), the current Enterprise Value is €44,562 Mil as of Jul. 02, 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 (HAM:A441) Overvalued in 2026?
Based on GuruFocus' analysis, Aena SME stock appears to be overvalued.
The current stock price of €26.64 is trading 8.3% above its estimated GF Value™ of €24.59.
GuruFocus considers Aena SME to be Fairly Valued.
Key valuation signals for HAM:A441:
Enterprise Value: €44,562 Mil
GF Value™: €24.59 vs. price of €26.64 (8.3% above fair value)
No single metric tells the full story. See the HAM:A441 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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