Latest Ratios: P/E Ratio 7.1x · EV/EBITDA 3.5x · ROE N/A. (2008–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.5B | $3.2B | — | — | — | — | — | — | — | — | — |
| Enterprise Value | $5.5B | $6.2B | — | — | — | — | — | — | — | — | — |
| P/E Ratio → | 7.12 | 9.15 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.47 | 0.60 | — | — | — | — | — | — | — | — | — |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/FCF | 4.23 | 5.43 | — | — | — | — | — | — | — | — | — |
| P/OCF | 2.69 | 3.46 | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.16 | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | 3.52 | 3.97 | — | — | — | — | — | — | — | — | — |
| EV / EBIT | 6.57 | 7.88 | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 10.57 | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.6% | 27.6% | 31.2% | 27.1% | 13.1% | 1.3% | -45.7% | 12.5% | 10.7% | 13.5% | 16.3% |
| Operating Margin | 15.7% | 15.7% | 19.0% | 14.9% | 1.2% | -13.3% | -61.8% | 2.8% | 0.1% | 4.3% | 5.7% |
| Net Profit Margin | 6.6% | 6.6% | 11.0% | 5.6% | -1.7% | -45.6% | -149.1% | -3.4% | -2.7% | -0.1% | 2.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | -27.4% | -14.7% | -0.5% | 9.0% |
| ROA | 5.2% | 5.2% | 9.9% | 4.7% | -2.2% | -0.1% | -92.6% | -2.5% | -2.2% | -0.1% | 1.7% |
| ROIC | 28.5% | 28.5% | 44.8% | 19.8% | 1.8% | -0.1% | -67.3% | 2.9% | 0.2% | 5.7% | 7.6% |
| ROCE | 23.1% | 23.1% | 35.5% | 25.4% | 3.3% | — | — | 3.4% | 0.2% | 5.4% | 7.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | 10.98 | 3.14 | 2.38 | 2.14 |
| Debt / EBITDA | 2.58 | 2.58 | 2.15 | 2.46 | 10.86 | 10.50 | — | 4.67 | 7.37 | 4.88 | 4.55 |
| Net Debt / Equity | — | — | — | — | — | — | — | 9.41 | 2.36 | 1.67 | 1.49 |
| Net Debt / EBITDA | 1.93 | 1.93 | 1.68 | 1.77 | 9.35 | 4.99 | — | 4.00 | 5.54 | 3.44 | 3.17 |
| Debt / FCF | — | 5.14 | 3.04 | 2.28 | — | — | — | 8.14 | — | 25.33 | 4.81 |
| Interest Coverage | 2.10 | 2.10 | 3.38 | 1.98 | 1.21 | -4.09 | -3.56 | 0.37 | 0.03 | 0.88 | 1.51 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.64 | 0.64 | 0.52 | 0.52 | 0.53 | 0.26 | 0.14 | 0.41 | 0.58 | 0.65 | 0.62 |
| Quick Ratio | 0.58 | 0.58 | 0.47 | 0.49 | 0.49 | 0.25 | 0.13 | 0.37 | 0.53 | 0.60 | 0.57 |
| Cash Ratio | 0.33 | 0.33 | 0.26 | 0.28 | 0.29 | 0.19 | 0.09 | 0.22 | 0.30 | 0.37 | 0.35 |
| Asset Turnover | — | 0.75 | 0.88 | 0.81 | 0.69 | 0.53 | 0.33 | 0.67 | 0.83 | 0.74 | 0.75 |
| Inventory Turnover | 22.31 | 22.31 | 27.67 | 33.06 | 34.17 | 28.46 | 28.32 | 36.87 | 41.50 | 36.80 | 34.80 |
| Days Sales Outstanding | — | 47.87 | 38.62 | 45.98 | 37.52 | 20.62 | 52.04 | 32.81 | 34.66 | 34.83 | 33.28 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 14.0% | 10.9% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 23.7% | 18.4% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 8.2% | 6.4% | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 8.2% | 6.4% | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $146M | $14M | $15M | $14M | $14M | $14M | $13 | $13 | $14 | $14 |
AICM capacity constraints
Based on reported figures, the company trades at a trailing P/E of 7.64 and an EV/EBITDA of 3.63, which, when compared to regional peers like Copa Holdings, suggests that the market is heavily discounting the carrier due to persistent operational constraints and post-restructuring transparency concerns.
The valuation gap relative to regional benchmarks appears to reflect a market skepticism regarding the sustainability of earnings in a restricted hub environment. Investors should monitor whether the forward P/E of 14.27 indicates an expectation of significant margin compression or a lack of confidence in future earnings growth.
As reported in financial statements, the ROIC has trended downward from a peak of 13.6% in 2024Q3 to 4.4% in 2026Q1, indicating that the company is struggling to generate efficient returns on its invested capital amidst rising operational costs and limited capacity for growth.
This decay in ROIC suggests that the capital-intensive nature of fleet modernization is not currently being offset by sufficient yield improvements. The trend warrants further investigation into whether the company's asset base is becoming a drag on profitability rather than a driver of competitive advantage.
According to recent quarterly data, the cash conversion cycle remains highly volatile, with DPO figures fluctuating significantly and asset turnover stagnating at approximately 0.20, which suggests that the company faces ongoing challenges in optimizing its working capital relative to its high fixed-cost structure.
The inability to maintain a consistent cash conversion cycle implies that the company may be overly reliant on timing differences in payables to manage liquidity. This inefficiency appears to be a structural byproduct of the airline's reliance on complex international supply chains and fuel procurement.
Based on the reported figures, the interest coverage ratio has deteriorated from 4.40 in 2024Q3 to 1.10 in 2026Q1, signaling that the company's ability to service its debt obligations is becoming increasingly precarious as operating income fails to keep pace with financial expenses.
The high D/EBITDA ratio, which reached 11.95 in the most recent quarter, indicates that the company remains highly leveraged compared to historical norms. This level of indebtedness leaves little room for error, particularly if fuel prices spike or if regulatory changes at the AICM hub further restrict revenue.
The EV/EBITDA ratio is frequently misapplied to this business model, as it obscures the massive impact of capitalized aircraft leases under IFRS 16, which artificially inflates the denominator and masks the true underlying leverage and cash flow generation capabilities of the carrier.
Analysts should instead focus on EBITDAR or adjusted free cash flow metrics that normalize for lease accounting differences. Relying on standard EV/EBITDA multiples may lead to an overly optimistic assessment of the company's financial health by ignoring the persistent nature of its off-balance-sheet-like lease obligations.
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying AERO stock.
Grupo Aeroméxico, S.A.B. de C.V.'s current P/E ratio is 7.1x. The historical average is 9.2x.
Grupo Aeroméxico, S.A.B. de C.V.'s current EV/EBITDA is 3.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.0x.
Based on historical data, Grupo Aeroméxico, S.A.B. de C.V. is trading at a P/E of 7.1x. Compare with industry peers and growth rates for a complete picture.
Grupo Aeroméxico, S.A.B. de C.V. has 27.6% gross margin and 15.7% operating margin. Operating margin between 10-20% is typical for established companies.
Grupo Aeroméxico, S.A.B. de C.V.'s Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.