Aena SME (XMAD:AENA) Research & Development: €0 Mil (TTM As of Mar. 2026)


XMAD:AENA Aena SME SA XMAD:AENA
97 GF Score
Price €27.30
GF Value €24.66
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Aena SME Research & Development?

Aena SME XMAD:AENA -0.73% 97 Research & Development is €0 Mil as of Mar. 2026. 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.

Research & Development is the aggregate amount of research and development expenses during the year. Aena SME's Research & Development for the three months ended in Mar. 2026 was €0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was €0 Mil.

Aena SME  (XMAD:AENA) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Aena SME Research & Development Related Terms

Aena SME Research & Development Historical Data

* Premium members only.

The historical data trend for Aena SME's Research & Development 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.

Aena SME Research & Development Chart

Aena SME Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
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Aena SME Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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XMAD:AENA
97GF Score
Aena SME SA XMAD:AENA
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Aena SME Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development 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 €0 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.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of €0 Mil mean?
Aena SME (XMAD:AENA) has a Research & Development of €0 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Aena SME and its competitors.
Is Aena SME's Research & Development too high?
Aena SME's current Research & Development is €0 Mil. 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 Research & Development compare to JOBY and CAAP?
Aena SME's Research & Development of €0 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 Research & Development for a Transportation company?
A good Research & Development depends on the Transportation industry context. However, Research & Development 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 Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Aena SME and its competitors. Aena SME's current Research & Development is €0 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 (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 Research & Development is €0 Mil. 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 Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Aena SME (XMAD:AENA), the current Research & Development is €0 Mil as of Mar. 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:

  • Research & Development: €0 Mil
  • GF Value™: €24.66 vs. price of €27.30 (10.7% above fair value)
  • GF Score™: 97/100 with 5 warning signs

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 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.
97GF Score

Get the complete analysis for XMAD:AENA

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€27.30
Price
€24.66
GF Value