Latest Ratios: P/E Ratio 22.4x · EV/EBITDA 12.5x · ROE 40.4%. (2005–2025 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 | $13.2B | $13.3B | $8.8B | $8.9B | $7.3B | $7.1B | $5.8B | $6.2B | $4.3B | $5.4B | $4.3B |
| Enterprise Value | $15.3B | $49.5B | $43.4B | $39.4B | $29.3B | $21.7B | $15.8B | $6.7B | $11.7B | $10.9B | $9.0B |
| P/E Ratio → | 22.41 | 1.33 | 1.00 | 0.93 | 0.81 | 1.19 | 2.97 | 1.13 | 0.83 | 1.14 | 1.29 |
| P/S Ratio | 7.08 | 0.41 | 0.33 | 0.27 | 0.27 | 0.38 | 0.49 | 7.40 | 0.30 | 0.44 | 0.39 |
| P/B Ratio | 9.02 | 0.54 | 0.36 | 0.42 | 0.37 | 0.35 | 0.26 | 5.70 | 0.20 | 0.24 | 0.19 |
| P/FCF | 39.35 | 2.28 | 1.00 | 2.54 | 1.79 | 1.16 | 14.39 | 1.12 | 0.91 | 1.27 | 1.11 |
| P/OCF | 12.62 | 0.73 | 0.53 | 0.64 | 0.58 | 0.64 | 1.64 | 0.76 | 0.59 | 0.88 | 0.75 |
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 | — | 1.52 | 1.62 | 1.19 | 1.07 | 1.14 | 1.33 | 7.96 | 0.83 | 0.88 | 0.81 |
| EV / EBITDA | 12.49 | 2.32 | 2.40 | 2.23 | 1.82 | 1.99 | 2.71 | 13.19 | 1.33 | 1.41 | 1.36 |
| EV / EBIT | 15.16 | 3.51 | 2.88 | 2.44 | 2.13 | 2.45 | 4.15 | 15.15 | 1.48 | 1.61 | 1.80 |
| EV / FCF | — | 8.46 | 4.92 | 11.29 | 7.18 | 3.53 | 38.84 | 1.20 | 2.48 | 2.57 | 2.29 |
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 | 77.1% | 77.1% | 77.2% | 58.4% | 53.1% | 49.3% | 34.5% | 49.4% | 53.7% | 53.0% | 49.8% |
| Operating Margin | 54.0% | 54.0% | 56.2% | 45.6% | 50.5% | 46.6% | 32.2% | 49.4% | 51.3% | 50.8% | 47.1% |
| Net Profit Margin | 30.7% | 30.7% | 32.2% | 28.7% | 32.9% | 31.5% | 16.6% | 33.0% | 36.4% | 38.3% | 30.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 40.4% | 40.4% | 37.8% | 46.8% | 44.8% | 27.7% | 16.4% | 2.4% | 23.4% | 21.3% | 15.1% |
| ROA | 11.8% | 11.8% | 11.6% | 14.9% | 15.6% | 11.2% | 7.4% | 1.3% | 13.0% | 12.5% | 9.9% |
| ROIC | 21.9% | 21.9% | 20.4% | 24.3% | 27.0% | 19.6% | 16.7% | 2.0% | 19.1% | 17.2% | 14.9% |
| ROCE | 26.5% | 26.5% | 25.8% | 27.8% | 27.8% | 19.2% | 15.9% | 2.1% | 19.4% | 17.6% | 17.2% |
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 | 1.88 | 1.88 | 1.95 | 1.94 | 1.74 | 1.37 | 1.07 | 0.80 | 0.62 | 0.60 | 0.44 |
| Debt / EBITDA | 2.19 | 2.19 | 2.65 | 2.30 | 2.13 | 2.56 | 4.19 | 1.71 | 1.54 | 1.72 | 1.49 |
| Net Debt / Equity | — | 1.46 | 1.40 | 1.46 | 1.11 | 0.71 | 0.43 | 0.43 | 0.34 | 0.25 | 0.21 |
| Net Debt / EBITDA | 1.70 | 1.70 | 1.91 | 1.73 | 1.37 | 1.34 | 1.71 | 0.93 | 0.84 | 0.71 | 0.70 |
| Debt / FCF | — | 6.19 | 3.91 | 8.76 | 5.39 | 2.37 | 24.45 | 0.09 | 1.57 | 1.30 | 1.18 |
| Interest Coverage | 3.23 | 3.23 | 3.22 | 4.81 | 5.78 | 5.19 | 2.85 | 0.37 | 8.31 | 10.42 | 11.76 |
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 | 0.91 | 0.91 | 0.85 | 1.13 | 2.24 | 1.75 | 3.20 | 2.00 | 3.61 | 3.91 | 3.09 |
| Quick Ratio | 0.91 | 0.91 | 0.85 | 1.13 | 2.24 | 1.75 | 3.20 | 2.00 | 3.61 | 3.91 | 3.09 |
| Cash Ratio | 0.63 | 0.63 | 0.66 | 0.83 | 1.79 | 1.42 | 2.74 | 1.60 | 2.83 | 3.37 | 2.67 |
| Asset Turnover | — | 0.37 | 0.33 | 0.49 | 0.45 | 0.34 | 0.23 | 0.38 | 0.36 | 0.31 | 0.31 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 39.18 | 36.75 | 38.50 | 40.34 | 57.36 | 71.94 | 40.62 | 41.75 | 35.30 | 24.78 |
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 | 3.8% | 63.9% | 79.2% | 84.7% | 100.0% | 84.2% | — | 96.5% | 100.0% | 88.1% | 89.7% |
| Payout Ratio | 85.1% | 85.1% | 81.3% | 78.6% | 81.1% | 100.3% | — | 2161.5% | 102.3% | 100.5% | 116.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.5% | 75.1% | 100.4% | 107.8% | 123.3% | 84.0% | 33.7% | 88.7% | 119.9% | 87.6% | 77.3% |
| FCF Yield | 2.5% | 43.9% | 99.9% | 39.4% | 55.9% | 86.1% | 6.9% | 89.6% | 110.5% | 78.6% | 90.1% |
| Buyback Yield | 0.0% | 0.0% | 79.2% | 0.0% | 27.4% | 42.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.8% | 63.9% | 100.0% | 84.7% | 100.0% | 100.0% | 0.0% | 96.5% | 100.0% | 88.1% | 89.7% |
| Shares Outstanding | — | $51M | $51M | $51M | $51M | $52M | $53M | $53M | $53M | $53M | $53M |
Regulatory Tariff Framework Uncertainty
According to current market data, PAC trades at a P/E of 22.37, which appears to price in the company's structural monopoly status and consistent cash generation, though the forward P/E of 1.06 suggests significant analyst divergence regarding the impact of recent regulatory tariff adjustments on future earnings.
The valuation premium relative to broader industrial peers is justified by the high barriers to entry inherent in the Mexican airport concession model. However, investors should monitor whether the current P/FCF of 39.27 reflects an over-optimistic outlook on capital expenditure requirements, as mandatory infrastructure spending often constrains free cash flow availability.
As reported in financial statements, PAC maintains a strong profitability profile with operating margins consistently exceeding 40% in most quarters, demonstrating the high operating leverage inherent in its business model where incremental passenger traffic flows directly to the bottom line with minimal additional variable cost requirements.
The gross margin volatility observed, such as the negative 6.4% in 2025Q4, appears to be an accounting artifact rather than a degradation of core earning power. Analysts should focus on the 44.4% operating margin in 2026Q1 as a more accurate reflection of the company's underlying ability to convert aeronautical and commercial revenue into profit.
Based on reported figures, PAC's ROIC has fluctuated significantly, peaking at 91.4% in 2024Q2 before normalizing to 11.5% in 2026Q1, a trend that suggests the company's ability to compound returns is heavily dictated by the timing of mandatory capital investments under the Master Development Plan.
The wide variance in ROIC indicates that traditional return metrics are heavily distorted by the lumpy nature of infrastructure spending. Investors should interpret these returns with caution, as the company's capital allocation is often driven by regulatory mandates rather than purely opportunistic investment decisions.
Data from recent filings indicates that PAC's asset turnover remains low, averaging near 0.13, which is typical for capital-intensive infrastructure operators, while the DSO of 27 days in 2026Q1 suggests that the company maintains effective control over its receivables despite the complex regulatory environment in which it operates.
The lack of consistent DIO and DPO data suggests that the company's working capital cycle is dominated by regulatory payment timing rather than traditional inventory management. This implies that liquidity management is more a function of cash reserves than the efficient conversion of operational working capital.
The P/E ratio is frequently misapplied to PAC, as it fails to account for the significant non-cash depreciation and amortization charges associated with long-term concession assets, which can artificially depress earnings and obscure the company's true cash-generating capacity relative to its heavy infrastructure investment requirements.
Investors should prioritize EV/EBITDA or P/FCF over P/E to better capture the underlying cash flow dynamics of the business. Relying on P/E risks ignoring the impact of IFRIC 12 accounting, which inflates the asset base and distorts the earnings profile in ways that do not reflect the actual cash economics of the airport operations.
Includes 30+ ratios · 21 years · Updated daily
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Quick answers to the most common questions about buying PAC stock.
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.'s current P/E ratio is 22.4x. The historical average is 1.3x. This places it at the 100th percentile of its historical range.
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.'s current EV/EBITDA is 12.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.0x.
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.'s return on equity (ROE) is 40.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 16.5%.
Based on historical data, Grupo Aeroportuario del Pacífico, S.A.B. de C.V. is trading at a P/E of 22.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.'s current dividend yield is 3.80% with a payout ratio of 85.1%.
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has 77.1% gross margin and 54.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.'s Debt/EBITDA ratio is 2.2x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.