| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 36 | 22.4x | 17.3x | Bottom tier | |
Growth | 53 | -14.0% | 7.1% | Around median | |
Quality | 97 | 23.3% | 4.5% | Top tier | |
Safety | 55 | 2.3x | 2.6x | Around median | |
Capital Return | 48 | 4.14% | 0.06% | Around median | |
Momentum | 42 | -1.9% | -1.6% | Around median | |
Sentiment | 66 | 2 | 3 | Top tier |
The floor: what the company is worth if growth stopped today
45% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Grupo Aeroportuario del Pacífico operates a network of 14 airports in Mexico and Jamaica, generating revenue from regulated aeronautical fees and non-aeronautical activities such as parking, advertising, retail stores, hotels, VIP lounges, cargo, and bonded warehouses. It has also expanded its model through Cross Border Xpress, which connects Tijuana Airport with Southern California, and by bringing technical assistance services in-house; consequently, earnings now depend on a mix of passenger traffic, regulated tariffs, commercial spending, logistics services, and cross-border mobility.
In Q2 of fiscal year 2026 (2026-07-15), passenger traffic declined 5.6% compared with the same period, but revenue excluding construction services increased 4.9%, and earnings before interest, taxes, depreciation, and amortization grew 8.4% to 6.0 billion MXN, with the margin expanding 230 basis points to 69.3%. Aeronautical revenue declined 3.2%, while non-aeronautical revenue increased 23.9%; even excluding the consolidation of Cross Border Xpress, activities directly operated by GAP grew 17%, demonstrating a shift in the mix toward sources less directly tied to passenger volumes.
On a trailing 12-month basis through 2026-06-30, the company recorded revenue of 33.3 billion MXN and net income of 10.6 billion MXN, compared with operating cash flow of 18.7 billion MXN and free cash flow of 3.7 billion MXN. In fiscal year 2025, revenue reached 32.5 billion MXN, the gross margin was 77.1%, and net income was 10.0 billion MXN, compared with revenue of 33.6 billion MXN, a gross margin of 61.5%, and net income of 8.9 billion MXN in fiscal year 2024.
Last 12 months to 2026-06-30
When: 2026-10-19
Earnings before interest, taxes, depreciation, and amortization margin at 69.3%
When: fiscal year 2026
Passenger traffic growth at -3%
The valuation methods produce a wide range: analyst targets indicate a median of 275 dollars within a range of 225 dollars to 285 dollars based on three analysts, an indicative reading due to low confidence that measures the expected growth analysts incorporate into their targets. The industry-multiple value is 120 dollars, within a range of 101 dollars to 176 dollars, because it prices GAP like 16 peer companies using a median multiple of 11.8 times trailing 12-month earnings, while the no-growth value is 115 dollars and represents what remains if current after-tax operating profit stays constant forever at a discount rate of 8.8%. The discounted cash flow model gives a value of 64 dollars, within a range of 41 dollars to 103 dollars, an indicative reading due to low confidence that measures the cash the company generates at a discount rate of 8.8%. The industry-multiple and no-growth methods converge around 120 and 115 dollars, while the discounted cash flow model and analyst targets diverge clearly from them; this reflects the differences in what each method measures, with analyst targets tending toward optimism and the discounted cash flow model tending toward conservatism, while the EL7 valuation pillar ranks the company 49th out of 56 within the industry.
Figures in the text are as of 2026-09-27; the live price is shown at the top of the page.
In Q2 of fiscal year 2026 (2026-07-15), passenger traffic declined 5.6%, but revenue excluding construction services increased 4.9%. Earnings before interest, taxes, depreciation, and amortization grew 8.4% to 6.0 billion MXN, and the margin expanded to 69.3%. Support came from the application of approved tariffs, 17% growth in activities directly operated by GAP excluding Cross Border Xpress, and bringing technical assistance services in-house.
Cross Border Xpress began to be consolidated into GAP's results on 2026-05-01. During May and June 2026, the facility generated revenue of 168 million MXN and served more than 626 thousand passengers in both directions. The company sees growth opportunities from dynamic pricing, ancillary services, improving the passenger experience, and connectivity between Tijuana and Southern California, and it also expects its margin to improve in Q4 of fiscal year 2026 due to integration savings.
Automated analysis for informational purposes only — not investment advice.
Earnings before interest, taxes, depreciation, and amortization growth at 10%
Total traffic declined 5.6% in Q2 of fiscal year 2026 (2026-07-15), and international passenger numbers in Puerto Vallarta fell 27% due to security concerns and U.S. travel advisories. In Jamaica, the effects of Hurricane Melissa continued, with expected seat capacity in July 2026 20% below July 2025. Elevated jet fuel prices also affect ticket prices, while weak consumption in Mexico and uncertainty surrounding manufacturing activity in Tijuana add risks to domestic demand.
Management expects passenger traffic in fiscal year 2026 to range between a 3% decline and zero growth. It expects aeronautical revenue growth between 1% and 4% and non-aeronautical revenue growth between 21% and 24%. It is also targeting growth of between 10% and 12% in earnings before interest, taxes, depreciation, and amortization and a margin of approximately 67% ±1%, based on gradual improvement rather than a full recovery across all airports.
In Q2 of fiscal year 2026 (2026-07-15), aeronautical revenue declined 3.2%, while non-aeronautical revenue increased 23.9%. Excluding Cross Border Xpress, activities directly operated by GAP grew 17%, including advertising by 58%, hotels by 27%, and cargo and bonded warehouses by 22%. However, duty-free stores and VIP lounges remained under pressure because they are more closely tied to international and leisure traffic.
During the trailing 12 months through 2026-06-30, net income reached 10.6 billion MXN, compared with operating cash flow of 18.7 billion MXN. Operating cash flow therefore equaled 177% of net income, while free cash flow reached 3.7 billion MXN. This strength was reflected in the quality pillar of the EL7 score, which was 82 out of 100 within the industry, ranking the company 11th out of 54.