AENA.MC Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026
Market & Enterprise Value
Market Cap	37.32B EUR	39.99B EUR	38.28B EUR
Enterprise Value	43.68B EUR	46.71B EUR	43.3B EUR
Valuation Multiples
Trailing P/E	4.1x	14.09x	15.52x
Forward P/E	15.3x	--	--
Price to Sales	5.64x	4.84x	4.94x
Price to Book	4.29x	4.62x	3.99x
EV/Revenue	6.61x	5.65x	5.58x
EV/EBITDA	11.51x	9.55x	9.92x
Price to FCF (P/FCF)	25.08x	30.37x	25.22x
EV/FCF	29.35x	35.47x	28.53x
FCF Yield	3.99%	3.29%	3.96%