Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
Aeroports de Paris does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.
The historical rank and industry rank for Aeroports de Paris's Owner Earnings per Share (TTM) or its related term are showing as below:
WBO:ADPA'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 7.04 Med: 20.13 Max: 41.36
Current: 18.51
WBO:ADPA's Price-to-Owner-Earnings is ranked worse than 62.62% of 527
companies
in the Transportation industry
Industry Median: 13.9
vs WBO:ADPA: 18.51
Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.
Note: GuruFocus' Change In Working Capital is provided by FactSet. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.
Aeroports de Paris Owner Earnings per Share (TTM) Related Terms
Aeroports de Paris Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for Aeroports de Paris's Owner Earnings per Share (TTM) 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.
Aeroports de Paris Owner Earnings per Share (TTM) Chart
WBO:ADPA vs JOBY: Owner Earnings per Share (TTM) Comparison
For the Airports & Air Services subindustry, Aeroports de Paris's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.
Aeroports de Paris Price-to-Owner-Earnings vs Transportation Industry
For the Transportation industry and Industrials sector, Aeroports de Paris's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where Aeroports de Paris's Price-to-Owner-Earnings falls into.
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
What does a Owner Earnings per Share (TTM) of 5.94 mean?
Aeroports de Paris (WBO:ADPA) has a Owner Earnings per Share (TTM) of 5.94 as of Dec. 2025. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Aeroports de Paris. According to the industry distribution chart, Aeroports de Paris ranks #330 out of 527 companies in the Transportation industry, placing it in the top 62.6%.
Is Aeroports de Paris' Owner Earnings per Share (TTM) too high?
Aeroports de Paris' current Owner Earnings per Share (TTM) is 5.94. The Transportation industry median Owner Earnings per Share (TTM) is 13.90. Aeroports de Paris' value of 5.94 is 57.3% below this industry median. Based on the distribution chart, Aeroports de Paris ranks #330 out of 527 companies in the Transportation industry, which is below the industry midpoint. Overall, Aeroports de Paris has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Aeroports de Paris' Owner Earnings per Share (TTM) compare to JOBY?
According to the Transportation industry distribution chart, Aeroports de Paris ranks #330 out of 527 companies for Owner Earnings per Share (TTM). This places Aeroports de Paris in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 13.90. Aeroports de Paris' value of 5.94 is 57.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Owner Earnings per Share (TTM) for a Transportation company?
The median Owner Earnings per Share (TTM) among Transportation companies is 13.90, based on 527 companies in the industry. Companies in the top quartile (top 25%) have a Owner Earnings per Share (TTM) significantly above this median, while those in the bottom quartile fall well below. However, Owner Earnings per Share (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aeroports de Paris's current Owner Earnings per Share (TTM) of 5.94 is 57.3% below 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 Owner Earnings per Share (TTM) mean?
A high Owner Earnings per Share (TTM) can signal that a stock is expensive relative to its fundamentals. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on Aeroports de Paris. For the Transportation industry, the median Owner Earnings per Share (TTM) is 13.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aeroports de Paris's current Owner Earnings per Share (TTM) is 5.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aeroports de Paris stock overvalued right now?
Aeroports de Paris (WBO:ADPA) has a current Owner Earnings per Share (TTM) of 5.94. The stock's GF Value™ is €128.69, compared to a current price of €108.10 — trading 16% below its estimated fair value. The current Owner Earnings per Share (TTM) is 5.94 and 57.3% below the Transportation industry median of 13.90. Aeroports de Paris' overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Owner Earnings per Share (TTM) calculated?
Owner Earnings per Share (TTM) is calculated from a company's financial statements. For Aeroports de Paris (WBO:ADPA), the current Owner Earnings per Share (TTM) is 5.94 as of Dec. 2025. 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 Aeroports de Paris (WBO:ADPA) Overvalued in 2026?
Based on GuruFocus' analysis, Aeroports de Paris stock appears to be undervalued.
The current stock price of €108.10 is trading 16% below its estimated GF Value™ of €128.69.
Key valuation signals for WBO:ADPA:
Owner Earnings per Share (TTM): 5.94
GF Value™: €128.69 vs. price of €108.10 (16% below fair value)
Industry Position: 57.3% below the Transportation median (#330 of 527)
No single metric tells the full story. See the WBO:ADPA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aeroports de Paris owns and operates Paris' commercial airports, Charles de Gaulle, Orly, and Paris-Le Bourget, and has equity holdings in TAV Airports and GMR Airports. The Parisian airports operate under a hybrid-till regime, but there is no cross-subsidy, which leaves their commercial businesses largely unregulated. The Parisian business is split between regulated aviation activities, retail and services businesses, and real estate activities. In 2025, retail and services contributed 56% of the group's operating profit, despite generating only 32% of the group's sales. It has a relatively high contribution from its international segment among our European airport coverage, with 28% of group EBITDA deriving from overseas operations in 2025.
87GF Score
Get the complete analysis for WBO:ADPA
Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WBO:ADPA has been successfully added to your 
