Aena SMEXMAD:AENA -0.73%97 ROE % is 14.02% as of Mar. 2026, which is 39% below its 10-year median of 22.88. 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 991 Transportation companies, Aena SME ranks better than 93.24% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Aena SME's annualized net income for the quarter that ended in Mar. 2026 was €1,318 Mil. Aena SME's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €9,401 Mil. Therefore, Aena SME's annualized ROE % for the quarter that ended in Mar. 2026 was 14.02%.
The historical rank and industry rank for Aena SME's ROE % or its related term are showing as below:
XMAD:AENA'
s ROE % Range Over the Past 10 Years
Min: -8.11 Med: 22.88 Max: 32.35
Current: 32.35
During the past 13 years, Aena SME's highest ROE % was 32.35%. The lowest was -8.11%. And the median was 22.88%.
XMAD:AENA's ROE % is ranked better than 93.24% of 991
companies
in the Transportation industry
Industry Median: 7.62
vs XMAD:AENA: 32.35
Aena SME (XMAD:AENA) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Aena SME ROE % Related Terms
Aena SME ROE % Historical Data
* Premium members only.
The historical data trend for Aena SME's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Transportation Industry
For the Transportation industry and Industrials sector, Aena SME's ROE % distribution charts can be found below:
* The bar in red indicates where Aena SME's ROE % 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Aena SME (XMAD:AENA) has a ROE % of 14.02% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Aena SME and its competitors. This is 39% below median its historical median of 22.88. According to the industry distribution chart, Aena SME ranks #67 out of 991 companies in the Transportation industry, placing it in the top 6.8%.
Is Aena SME's ROE % too high?
Aena SME's current ROE % of 14.02% is 39% below median its 10-year median of 22.88. The Transportation industry median ROE % is 7.62. Aena SME's value of 14.02% is 84% above this industry median. Based on the distribution chart, Aena SME ranks #67 out of 991 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 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aena SME's ROE % compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Aena SME ranks #67 out of 991 companies for ROE %. This places Aena SME in the top 7% of its industry — outperforming the majority of peers. The industry median ROE % is 7.62. Aena SME's value of 14.02% is 84% above this benchmark. While the company's 10-year median is 22.88 vs. the industry median of 7.62, 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 ROE % for a Transportation company?
The median ROE % among Transportation companies is 7.62, based on 991 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aena SME's current ROE % of 14.02% is 84% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Aena SME and its competitors. For the Transportation industry, the median ROE % is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aena SME's current ROE % is 14.02%, which is 39% below median its own 10-year median of 22.88. 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 ROE % is 14.02%, which is 39% below median its 10-year median of 22.88 and 84% above the Transportation industry median of 7.62. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Aena SME (XMAD:AENA), the current ROE % is 14.02% 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:
ROE %: 14.02% (39% below median its 10-year median of 22.88)
GF Value™: €24.66 vs. price of €27.30 (10.7% above fair value)
Industry Position: 84% above the Transportation median (#67 of 991)
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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