Aena SMEXMAD:AENA -0.73%97 EV-to-FCF is 26.44 as of Jun. 28, 2026, which is 29% above its 10-year median of 20.50. GuruFocus rates XMAD:AENA with a GF Score™ of 97/100 and a GF Value™ of €24.66 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 675 Transportation companies, Aena SME ranks worse than 72.44% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Aena SME's Enterprise Value is €45,492 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 for today is 26.44.
The historical rank and industry rank for Aena SME's EV-to-FCF or its related term are showing as below:
XMAD:AENA'
s EV-to-FCF Range Over the Past 10 Years
Min: -1721.01 Med: 20.5 Max: 1937.12
Current: 26.44
During the past 13 years, the highest EV-to-FCF of Aena SME was 1937.12. The lowest was -1721.01. And the median was 20.50.
XMAD:AENA's EV-to-FCF is ranked worse than 72.44% of 675
companies
in the Transportation industry
Industry Median: 14.26
vs XMAD:AENA: 26.44
EV-to-FCF 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-FCF 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 €27.30.
Aena SME's Earnings per Share (Diluted) 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 €1.902.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Aena SME EV-to-FCF Related Terms
Aena SME EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Aena SME's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Transportation Industry
For the Transportation industry and Industrials sector, Aena SME's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Aena SME's EV-to-FCF falls into.
Aena SME's current Enterprise Value is €45,492 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 (XMAD:AENA) has a EV-to-FCF of 26.44 as of Jun. 28, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Aena SME and its competitors. This is 29% above median its historical median of 20.50. According to the industry distribution chart, Aena SME ranks #489 out of 675 companies in the Transportation industry, placing it in the top 72.4%.
Is Aena SME's EV-to-FCF too high?
Aena SME's current EV-to-FCF of 26.44 is 29% above median its 10-year median of 20.50. The Transportation industry median EV-to-FCF is 14.26. Aena SME's value of 26.44 is 85.4% above this industry median. Based on the distribution chart, Aena SME ranks #489 out of 675 companies in the Transportation industry, which is below the industry midpoint. Overall, Aena SME has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aena SME's EV-to-FCF compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Aena SME ranks #489 out of 675 companies for EV-to-FCF. This places Aena SME in the lower half of its industry. The industry median EV-to-FCF is 14.26. Aena SME's value of 26.44 is 85.4% above this benchmark. While the company's 10-year median is 20.50 vs. the industry median of 14.26, 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-FCF for a Transportation company?
The median EV-to-FCF among Transportation companies is 14.26, based on 675 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aena SME's current EV-to-FCF of 26.44 is 85.4% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Aena SME and its competitors. For the Transportation industry, the median EV-to-FCF is 14.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aena SME's current EV-to-FCF is 26.44, which is 29% above median its own 10-year median of 20.50. 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 €24.66, compared to a current price of €27.30 — trading 10.7% above its estimated fair value. The current EV-to-FCF is 26.44, which is 29% above median its 10-year median of 20.50 and 85.4% above the Transportation industry median of 14.26. Aena SME's overall GF Score™ is 97/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Aena SME (XMAD:AENA), the current EV-to-FCF is 26.44 as of Jun. 28, 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 €27.30 is trading 10.7% above its estimated GF Value™ of €24.66.
GuruFocus considers Aena SME to be Modestly Overvalued.
Key valuation signals for XMAD:AENA:
EV-to-FCF: 26.44 (29% above median its 10-year median of 20.50)
GF Value™: €24.66 vs. price of €27.30 (10.7% above fair value)
Industry Position: 85.4% above the Transportation median (#489 of 675)
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.
97GF Score
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