Latest Ratios: P/E Ratio 18.4x · EV/EBITDA 10.6x · 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 | $10.8B | $13.3B | $8.8B | $8.9B | $7.3B | $7.1B | $5.8B | $6.2B | $4.3B | $5.4B | $4.3B |
| Enterprise Value | $12.8B | $49.5B | $43.4B | $39.4B | $29.3B | $21.7B | $15.8B | $6.7B | $11.7B | $10.9B | $9.0B |
| P/E Ratio → | 18.38 | 1.33 | 1.00 | 0.93 | 0.81 | 1.19 | 2.97 | 1.13 | 0.83 | 1.14 | 1.29 |
| P/S Ratio | 5.81 | 0.41 | 0.33 | 0.27 | 0.27 | 0.38 | 0.49 | 7.40 | 0.30 | 0.44 | 0.39 |
| P/B Ratio | 7.40 | 0.54 | 0.36 | 0.42 | 0.37 | 0.35 | 0.26 | 5.70 | 0.20 | 0.24 | 0.19 |
| P/FCF | 32.27 | 2.28 | 1.00 | 2.54 | 1.79 | 1.16 | 14.39 | 1.12 | 0.91 | 1.27 | 1.11 |
| P/OCF | 10.35 | 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 | 10.55 | 2.32 | 2.40 | 2.23 | 1.82 | 1.99 | 2.71 | 13.19 | 1.33 | 1.41 | 1.36 |
| EV / EBIT | 12.80 | 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 | 4.6% | 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 | 5.4% | 75.1% | 100.4% | 107.8% | 123.3% | 84.0% | 33.7% | 88.7% | 119.9% | 87.6% | 77.3% |
| FCF Yield | 3.1% | 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 | 4.6% | 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 |
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 18.4x. 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 10.6x. 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 18.4x. 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 4.63% 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.
Key Metrics
Top Statement Risk
Volatile asset base and leverage
Margin Resilience Amid Anomalies
PAC's gross margin averaged above 50% in normal quarters, but 2025Q4's -6.4% and 2024Q4's 2.5% reveal distortions. According to reported quarterly data, operating margin typically hovers near 44%, indicating stable core profitability.
Excluding the anomalous quarters, gross margins have been consistently strong, with 2026Q2 at 51.9% and operating margin at 44.8%. The negative gross margin in 2025Q4 appears to be a one-time event, as subsequent quarters recovered to normal levels. Net margin, however, is less predictable due to tax and non-operating items, as seen in 2024Q4's 74.3% versus 2026Q2's 24.6%. Investors should focus on operating margin as the cleaner measure of earning power, given its relative stability.
Return on Capital: Volatile but Recovering
ROIC swung from 91.4% in 2024Q2 to 5.1% in 2024Q4, but recent quarters show stabilization around 7-11%. Based on reported figures, ROE has similarly normalized to 6.7% in 2026Q2, suggesting a return to sustainable levels.
The extreme ROIC spike in 2024Q2 (91.4%) is likely due to a low capital base, as total assets were unusually small that quarter. More recent quarters, such as 2026Q2's 7.2% and 2026Q1's 11.5%, indicate a more realistic return profile. The decline from 2025Q3's 10.2% to 2026Q2's 7.2% may reflect increased invested capital from heavy capex, which has not yet generated proportional returns. This suggests the company is in an investment phase, and investors should monitor whether these investments translate into higher returns over time.
Working Capital Efficiency Distorted by Swings
DSO has ranged from 3 to 170 days, with 2025Q4's 170 days an outlier, while DPO data is sparse. According to reported quarterly figures, asset turnover is extremely low at 0.09 in 2026Q2, reflecting a massive asset base.
The asset turnover of 0.09 in 2026Q2 is a stark contrast to 1.77 in 2024Q2, indicating that the balance sheet has expanded significantly without a commensurate increase in revenue. This may be due to large capital expenditures and acquisitions, as suggested by the surge in total assets to $140.4B. The cash conversion cycle is not calculable due to missing DIO data, but the erratic DSO and DPO figures suggest working capital management is inconsistent. Investors should monitor whether the company can improve asset utilization as new assets come online.
Leverage Spikes and Debt Service Concerns
Debt-to-equity has swung from zero in 2026Q1 to 2.28 in 2025Q3, with D/EBITDA reaching 10.84 in 2026Q2. Based on reported figures, interest coverage has deteriorated to 3.73, indicating tighter debt service capacity.
The leverage metrics are highly volatile, with total debt disappearing in some quarters, which may indicate refinancing or reclassification. The D/EBITDA of 10.84 in 2026Q2 is elevated compared to the 0.52-0.57 levels seen in 2024Q1 and 2025Q3, suggesting a significant increase in debt relative to earnings. Interest coverage of 3.73 is below the 5.36 seen in 2025Q2, implying reduced comfort in covering interest expenses. This warrants close monitoring, especially if cash flows remain volatile.
Liquidity Tightens as Current Ratio Dips
Current ratio fell to 0.84 in 2026Q2 from 1.50 in 2026Q1, while quick ratio mirrors this decline. According to reported balance sheet data, cash dropped to $19.8B, suggesting a weakening short-term liquidity position.
The current ratio below 1.0 indicates that current liabilities exceed current assets, which could strain short-term obligations. However, the company's ability to generate operating cash flow, as seen in 2026Q1's 51.1% FCF margin, may offset this. The volatility in liquidity ratios, with 2025Q4 at 0.91 and 2025Q3 at 1.29, suggests that the company's working capital management is inconsistent. Investors should monitor whether the liquidity position stabilizes or continues to deteriorate.
Misapplied Ratio: P/E on Distorted Earnings
The P/E ratio is commonly misapplied to PAC due to extreme earnings volatility, with TTM P/E of 18.72 but forward P/E of 0.97. Based on reported data, earnings per share are unreliable, making EV/EBITDA a more stable valuation metric.
The forward P/E of 0.97 is nonsensical, likely due to anomalous earnings in the TTM period, such as 2025Q4's net margin of 2.1% and 2024Q4's 74.3%. These distortions make P/E misleading for valuation. EV/EBITDA of 10.71 is more meaningful, as EBITDA is less affected by non-operating items. Investors should use EV/EBITDA or EV/EBITDAR, which normalizes for the lumpy cost structure, rather than P/E, to assess PAC's valuation relative to peers.