Aegean Airlines S.A (AGZNF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Aegean Airlines S.A $33.61, price $14.20, upside +136.7%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? No
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Aegean Airlines S.A
AGZNF · USCheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $3.72 – $16.85 · fair‑value band $24.03 – $55.58 · the $14.20 price screens below the $33.61 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Company profile
Aegean Airlines S.A., together with its subsidiaries, operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.
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Aegean Airlines S.A., together with its subsidiaries, operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally. It transports passengers and cargo through scheduled and unscheduled flights; and offers aviation related services, aircraft technical support, and ground handling aircraft services. The company also offers charter flights; and imports, markets, and leases aircraft and spare parts. The company was founded in 1988 and is headquartered in Athens, Greece.
Stock analysis
Aegean Airlines S.A (AGZNF) currently trades at $14.20, while our model-based Fair Value estimate is $33.61, implying the stock looks roughly 57.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $41.10 per share, and 22 of the 26 models we run sit above the $14.20 price.
Bear case: the Asset-Based group reads lowest at $4.78, and 4 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $24.03 (bear) to $55.58 (bull), the price of $14.20 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Aegean Airlines S.A reported revenue of €1.9B in FY2025 versus €688M in FY2021, a compound +28.2%/yr. Reported net income was €148M in FY2025, compounding +134.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap $1.3B · P/E ratio 7.4 · P/S ratio 0.59 · EPS (TTM) $1.91 · Dividend yield 5.7% · Net margin 7.9% · Return on equity 23.7% · Return on assets (EBIT) 9.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 34% fair-value upside, at 137%, AGZNF screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 48
Revenue & earnings trend
Growth Forecast
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Compare Aegean Airlines S.A with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Airlines · 53 stocks
Valuation Multiplesvs Airlines median · lower = cheaper
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Airlines stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Delta Air Lines, Inc DAL | $84.13 | $121.83 | +45% |
| United Airlines Holdings UAL | $111.51 | $149.61 | +34% |
| Ryanair Holdings RYA | €23.79 | €48.63 | +104% |
| Southwest Airlines Co LUV | $42.28 | $14.74 | −65% |
| InterGlobe Aviation Limited INDIGO | ₹4,940 | ₹3,073 | −38% |
| Singapore Airlines Limited C6L | 6.65 SGD | 7.88 SGD | +18% |
| LATAM Airlines Group LTM | $52.45 | $106.79 | +104% |
| China Southern Airlines Company 600029 | ¥4.86 | ¥2.78 | −43% |
| Cathay Pacific Airways Limited 0293 | HK$14.37 | HK$31.02 | +116% |
| Deutsche Lufthansa AG LHA | €7.60 | €9.90 | +30% |
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Key figures of Aegean Airlines S.A
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