Aena SMEMEX:AENA N 88 Piotroski F-Score is 8 as of Jul. 01, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates MEX:AENA N with a GF Score™ of 88/100 and a GF Value™ of MXN504.01 (Fairly Valued). The stock has 5 warning signs investors should review. Among 975 Transportation companies, Aena SME ranks better than 97.44% on this metric.
Good Sign:
Piotroski F-Score is 8, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Aena SME has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Aena SME's Piotroski F-Score or its related term are showing as below:
MEX:AENA N'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 7 Max: 9
Current: 8
During the past 13 years, the highest Piotroski F-Score of Aena SME was 9. The lowest was 1. And the median was 7.
Aena SME (MEX:AENA N) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Aena SME Piotroski F-Score Related Terms
Aena SME Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Aena SME's Piotroski F-Score 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.
MEX:AENA N vs JOBY, CAAP: Piotroski F-Score Comparison
For the Airports & Air Services subindustry, Aena SME's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Aena SME's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Aena SME's Piotroski F-Score falls into.
* 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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 12866.381 + 14763.184 + 26205.736 + 6867.478 = MXN60,703 Mil. Cash Flow from Operations was 14313.298 + 22522.199 + 5521.804 + 18937.504 = MXN61,295 Mil. Revenue was 36180.297 + 38125.578 + 70096.021 + 30566.177 = MXN174,968 Mil. Gross Profit was 27017.491 + 29161.163 + 53202.036 + 21657.043 = MXN131,038 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(383261.973 + 358752.465 + 374359.175 + 383571.99 + 400147.322) / 5 = MXN380018.585 Mil. Total Assets at the begining of this year (Mar25) was MXN383,262 Mil. Long-Term Debt & Capital Lease Obligation was MXN147,222 Mil. Total Current Assets was MXN86,307 Mil. Total Current Liabilities was MXN41,697 Mil.
Net Income was 10799.75 + 14012.566 + 24580.899 + 6664.154 = MXN56,057 Mil.
Revenue was 29634.137 + 35850.923 + 66498.017 + 28914.426 = MXN160,898 Mil. Gross Profit was 21587.057 + 27178.427 + 48518.111 + 19737.341 = MXN117,021 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(319914.228 + 328887.656 + 380152.274 + 377004.886 + 383261.973) / 5 = MXN357844.2034 Mil. Total Assets at the begining of last year (Mar24) was MXN319,914 Mil. Long-Term Debt & Capital Lease Obligation was MXN127,240 Mil. Total Current Assets was MXN68,198 Mil. Total Current Liabilities was MXN54,784 Mil.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Aena SME's current Net Income (TTM) was 60,703.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Aena SME's current ratio of this year was 2.06984686. Aena SME's current ratio of last year was 1.24485274.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Aena SME's number of shares in issue this year was 1497.373. Aena SME's number of shares in issue last year was 1506.57.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Aena SME's gross margin of this year was 0.74892368. Aena SME's gross margin of last year was 0.72730113.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Aena SME's asset turnover of this year was 0.45652344. Aena SME's asset turnover of last year was 0.5029395.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Aena SME has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Aena SME (MEX:AENA N) has a Piotroski F-Score of 8 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aena SME and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Aena SME's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Aena SME ranks #25 out of 975 companies in the Transportation industry, placing it in the top 2.6%.
Is Aena SME's Piotroski F-Score too high?
Aena SME's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Transportation industry median Piotroski F-Score is 6.00. Aena SME's value of 8 is 33.3% above this industry median. Based on the distribution chart, Aena SME ranks #25 out of 975 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 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aena SME's Piotroski F-Score compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Aena SME ranks #25 out of 975 companies for Piotroski F-Score. This places Aena SME in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Aena SME's value of 8 is 33.3% above this benchmark. Historically, Aena SME's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, 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 Piotroski F-Score for a Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 975 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aena SME's current Piotroski F-Score of 8 is 33.3% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aena SME and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aena SME's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. 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 (MEX:AENA N) is currently considered Fairly Valued. The stock's GF Value™ is MXN504.01, compared to a current price of MXN498.26 — trading 1.1% below its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 33.3% above the Transportation industry median of 6.00. Aena SME's overall GF Score™ is 88/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Aena SME (MEX:AENA N), the current Piotroski F-Score is 8 as of Jul. 01, 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 (MEX:AENA N) Overvalued in 2026?
Based on GuruFocus' analysis, Aena SME stock appears to be undervalued.
The current stock price of MXN498.26 is trading 1.1% below its estimated GF Value™ of MXN504.01.
GuruFocus considers Aena SME to be Fairly Valued.
Key valuation signals for MEX:AENA N:
Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
GF Value™: MXN504.01 vs. price of MXN498.26 (1.1% below fair value)
Industry Position: 33.3% above the Transportation median (#25 of 975)
No single metric tells the full story. See the MEX:AENA N 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.
88GF Score
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