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Aena SMEXMAD:AENA +0.69%98 3-Year ROIIC % is 82.10 as of Dec. 2025, which is 547% above its 10-year median of 12.69. GuruFocus rates XMAD:AENA with a GF Score™ of 98/100 and a GF Value™ of €24.29 (Fairly Valued). The stock has 5 warning signs investors should review. Among 939 Transportation companies, Aena SME ranks better than 92.65% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Aena SME's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 82.10%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Aena SME's 3-Year ROIIC % or its related term are showing as below:
XMAD:AENA's 3-Year ROIIC % is ranked better than 92.65% of 939
companies
in the Transportation industry
Industry Median: 1.97
vs XMAD:AENA: 82.10
Aena SME (XMAD:AENA) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Aena SME 3-Year ROIIC % Related Terms
Aena SME 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Aena SME's 3-Year ROIIC % 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.
XMAD:AENA vs JOBY, CAAP: 3-Year ROIIC % Comparison
For the Airports & Air Services subindustry, Aena SME's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Transportation Industry
For the Transportation industry and Industrials sector, Aena SME's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Aena SME's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Aena SME (XMAD:AENA) has a 3-Year ROIIC % of 82.10 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Aena SME and its competitors. This is 547% above median its historical median of 12.69. According to the industry distribution chart, Aena SME ranks #69 out of 939 companies in the Transportation industry, placing it in the top 7.3%.
Is Aena SME's 3-Year ROIIC % too high?
Aena SME's current 3-Year ROIIC % of 82.10 is 547% above median its 10-year median of 12.69. The Transportation industry median 3-Year ROIIC % is 1.97. Aena SME's value of 82.10 is 4067.5% above this industry median. Based on the distribution chart, Aena SME ranks #69 out of 939 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 98/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aena SME's 3-Year ROIIC % compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Aena SME ranks #69 out of 939 companies for 3-Year ROIIC %. This places Aena SME in the top 7% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 1.97. Aena SME's value of 82.10 is 4067.5% above this benchmark. While the company's 10-year median is 12.69 vs. the industry median of 1.97, 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 3-Year ROIIC % for a Transportation company?
The median 3-Year ROIIC % among Transportation companies is 1.97, based on 939 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aena SME's current 3-Year ROIIC % of 82.10 is 4067.5% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Aena SME and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aena SME's current 3-Year ROIIC % is 82.10, which is 547% above median its own 10-year median of 12.69. 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 Fairly Valued. The stock's GF Value™ is €24.29, compared to a current price of €26.10 — trading 7.5% above its estimated fair value. The current 3-Year ROIIC % is 82.10, which is 547% above median its 10-year median of 12.69 and 4067.5% above the Transportation industry median of 1.97. Aena SME's overall GF Score™ is 98/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Aena SME (XMAD:AENA), the current 3-Year ROIIC % is 82.10 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 Aena SME (XMAD:AENA) Overvalued in 2026?
Based on GuruFocus' analysis, Aena SME stock appears to be overvalued.
The current stock price of €26.10 is trading 7.5% above its estimated GF Value™ of €24.29.
GuruFocus considers Aena SME to be Fairly Valued.
Key valuation signals for XMAD:AENA:
3-Year ROIIC %: 82.10 (547% above median its 10-year median of 12.69)
GF Value™: €24.29 vs. price of €26.10 (7.5% above fair value)
Industry Position: 4067.5% above the Transportation median (#69 of 939)
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.
98GF Score
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