Aena SME (HAM:A441) Moat Score: 6/10 (As of Jul. 09, 2026)


HAM:A441 Aena SME SA HAM:A441
92 GF Score
Price €26.62
GF Value €24.50
Valuation Fairly Valued
! 5 Warning Signs
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What is Aena SME Moat Score?

Aena SME HAM:A441 -1.77% 92 Moat Score is 6 as of Jul. 09, 2026. GuruFocus rates HAM:A441 with a GF Score™ of 92/100 and a GF Value™ of €24.50 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,057 Transportation companies, Aena SME ranks better than 97.73% on this metric.

Aena SME has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Aena SME has Narrow Moat: Aena SME SA has a strong narrow moat due to its significant regulatory barriers and strong distribution network in the airport management sector. However, it faces competition that limits its pricing power.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Aena SME might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Aena SME  (HAM:A441) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Aena SME Moat Score Related Terms

HAM:A441 vs JOBY, CAAP: Moat Score Comparison

For the Airports & Air Services subindustry, Aena SME's Moat Score, along with its competitors' market caps and Moat 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 Moat Score vs Transportation Industry

For the Transportation industry and Industrials sector, Aena SME's Moat Score distribution charts can be found below:

* The bar in red indicates where Aena SME's Moat Score falls into.


HAM:A441
92GF Score
Aena SME SA HAM:A441
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
Aena SME (HAM:A441) has a Moat Score of 6 as of Jul. 09, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Aena SME ranks #24 out of 1057 companies in the Transportation industry, placing it in the top 2.3%.
Is Aena SME's Moat Score too high?
Aena SME's current Moat Score is 6. Based on the distribution chart, Aena SME ranks #24 out of 1057 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 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aena SME's Moat Score compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Aena SME ranks #24 out of 1057 companies for Moat Score. This places Aena SME in the top 2% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Transportation company?
A good Moat Score depends on the Transportation industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Aena SME's current Moat Score is 6. 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 €24.50, compared to a current price of €26.62 — trading 8.7% above its estimated fair value. The current Moat Score is 6. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Aena SME (HAM:A441), the current Moat Score is 6 as of Jul. 09, 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 €26.62 is trading 8.7% above its estimated GF Value™ of €24.50. GuruFocus considers Aena SME to be Fairly Valued.

Key valuation signals for HAM:A441:

  • Moat Score: 6
  • GF Value™: €24.50 vs. price of €26.62 (8.7% above fair value)
  • GF Score™: 92/100 with 5 warning signs

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 SME Business Description

Address Calle Peonias, 12, Madrid, ESP, 28042
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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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€26.62
Price
€24.50
GF Value