Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Grupo Aeroportuario del Centro Norte S.A.B. de C.V stock MXN 333, price MXN 256, upside +30.5%, quality 75 out of 100. Rating: undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 82.66 MXN – 280.12 MXN · fair‑value band 236.07 MXN – 416.82 MXN · the 255.53 MXN price screens below the 333.46 MXN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico.
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It operates 13 international airports in Monterrey; Acapulco, Mazatlán, and Zihuatanejo; Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas; and Ciudad Juárez and Reynosa cities. The company is also involved in leasing of space to restaurants and retailers.
In addition, it engages in the operation of parking facilities; OMA Carga business comprising warehouses that provides cargo logistics services, such as storage, handling, custody maneuvers, loading and unloading, x-ray screening of exports, and other services; the Terminal 2 NH Collection Hotel; and the Hilton Garden Inn Hotel at the Monterrey airport; and non-permanent ground transportation.
Further, the company provides aeronautical services, which include passenger, aircraft landing and parking, airport security, passenger walkway, and complementary services; car parking; checked baggage-screening services; and construction services.
Additionally, it builds and operates industrial park at the Monterrey airport. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. was incorporated in 1998 and is based in Mexico City, Mexico.
Stock analysis
Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB) currently trades at 255.53 MXN, while our model-based Fair Value estimate is 333.46 MXN, implying the stock looks roughly 23% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 407.05 MXN per share, and 12 of the 24 models we run sit above the 255.53 MXN price.
Bear case: the Economic Profit group reads lowest at 168.48 MXN, and 12 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 236.07 MXN (bear) to 416.82 MXN (bull), the price of 255.53 MXN sits inside 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 75/100 (high quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Grupo Aeroportuario del Centro Norte S.A.B. de C.V reported revenue of 16.0B MXN in FY2025 versus 8.7B MXN in FY2021, a compound +16.3%/yr. Reported net income was 5.3B MXN in FY2025, compounding +16.9%/yr from FY2021.
Key figures
Market cap 98.7B MXN (≈ $5.3B) Mid · P/E ratio 18.4 · P/S ratio 5.72 · EPS (TTM) 13.90 MXN · Net margin 31.7% · Return on equity 52.2% · Return on assets (EBIT) 26.9% (5-year average) · Operating margin 53.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 87 out of 100 (medium confidence).
What moves the price
The share trades about 9% below its 52-week high and 25% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −13% fair-value upside, at 30%, OMAB screens cheaper than that median.
Fair Value models
Bear236.07 MXNFair Value 333.46 MXNBull416.82 MXN
Price 255.53 MXN · Upside +30.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (11.88 MXN per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.4%
Start year 2020 (pandemic). Over 10 years: +13.5% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.8%
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What shareholders gained per year (last 5 years), in MXN ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in MXN: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+13.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.3%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.13.3% vs 11.3%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.32% → 56%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (Mexico: IMF forecast 3.3% a year to 2030, 4.8% from 2016 to 2025) that is about +2.7% a year for the price and +5.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (64 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Compare Grupo Aeroportuario del Centro Norte S.A.B. de C.V with another stock
Price, fair value, quality and upside side by side.
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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.Airports & Air Services · 48 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score75 · Top 25%
Fair Value upside+30.5% · Above median
Profitability
Return on equity (12 months)52.2% · Top 25%
Return on assets17.3% · Top 25%
Net margin (12 months)31.7% · Top 25%
Operating margin (12 months)53.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)23.8% · Top 25%
Dividend yield (12 months)4.5% · Above median
Balance sheet
Debt / equity1.05× · Highest 25%
Valuation Multiplesvs Airports & Air Services median · lower = cheaper
P/E (12 months)18.4× · Pricier than median
P/B8.76× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)5.72× · Priciest 25%
Price / free cash flow (fiscal year)13.6× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Grupo Aeroportuario del Centro Norte S.A.B. de C.V Fair Value". https://www.fairvalue-calculator.com/stock/OMAB
Frequently asked questions
Is Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 333.46 MXN versus a price of 255.53 MXN, about +30% upside (undervalued).
What is the fair value of OMAB?
Our model-based fair value for Grupo Aeroportuario del Centro Norte S.A.B. de C.V is 333.46 MXN (as of Nov 6, 2026), built from audited fundamentals. The current price: 255.53 MXN.
What is the quality score of OMAB?
Grupo Aeroportuario del Centro Norte S.A.B. de C.V has a Quality Score of 75/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB)?
Our model-based price target is the fair value of 333.46 MXN (as of Nov 6, 2026) from 24 valuation models. Cautious scenario 236.07 MXN, optimistic scenario 416.82 MXN. It is a calculation from audited fundamentals, not an analyst target.
What is the Grupo Aeroportuario del Centro Norte S.A.B. de C.V stock forecast for 2026?
Our models put fair value at 333.46 MXN, about +30% upside versus a price of 255.53 MXN (undervalued). Cautious scenario 236.07 MXN, optimistic scenario 416.82 MXN. The calculation is refreshed regularly with new filings.
What is the revenue of Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB)?
Grupo Aeroportuario del Centro Norte S.A.B. de C.V reported trailing-twelve-month revenue of about 17.3B MXN (latest available figure, as of Nov 6, 2026).
What growth is priced into Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB)?
For today's price to be fair in a discounted-cash-flow model, Grupo Aeroportuario del Centro Norte S.A.B. de C.V would have to grow free cash flow by +6.0 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +24.4 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of OMAB use?
Our models discount Grupo Aeroportuario del Centro Norte S.A.B. de C.V at 10.5 %: a base by market capitalisation (mid), damped by beta 0.25, country premium for Mexico. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Grupo Aeroportuario del Centro Norte S.A.B. de C.V that is +6.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB) delivered so far?
Over the past 5 years revenue at Grupo Aeroportuario del Centro Norte S.A.B. de C.V grew +24.4 % a year. The price currently implies free-cash-flow growth of +6.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Grupo Aeroportuario del Centro Norte S.A.B. de C.V (+6.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB)?
The free-cash-flow yield on the price is 7.38 %: that much free cash flow Grupo Aeroportuario del Centro Norte S.A.B. de C.V produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Grupo Aeroportuario del Centro Norte S.A.B. de C.V it is 333.46 MXN per share (as of Nov 6, 2026), against a price of 255.53 MXN. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Grupo Aeroportuario del Centro Norte S.A.B. de C.V stock overvalued or undervalued in 2026?
As of Nov 6, 2026, OMAB trades below its calculated fair value: price 255.53 MXN, fair value 333.46 MXN, a gap of about +30% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of OMAB?
No. The price is what the market pays today (255.53 MXN); the fair value is what the company's own numbers justify (333.46 MXN). For Grupo Aeroportuario del Centro Norte S.A.B. de C.V the two are 77.93 MXN per share apart. That gap is exactly why we show both numbers side by side.
How much is Grupo Aeroportuario del Centro Norte S.A.B. de C.V worth?
The market values Grupo Aeroportuario del Centro Norte S.A.B. de C.V at about 98.7B MXN (market capitalisation, as of Nov 6, 2026). Per share that is 255.53 MXN; our models calculate a fair value of 333.46 MXN per share.
What do the bullish and bearish scenarios say about OMAB?
Our models span a range for Grupo Aeroportuario del Centro Norte S.A.B. de C.V: cautious scenario 236.07 MXN, base 333.46 MXN, optimistic 416.82 MXN per share (as of Nov 6, 2026, price 255.53 MXN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of OMAB?
Grupo Aeroportuario del Centro Norte S.A.B. de C.V trades at a price-to-earnings ratio of 18.4 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 333.46 MXN is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 17.4. Other multiples: PEG 0.8, P/B 8.8, P/S 5.7, EV/EBITDA 10.6.
What is the PEG ratio of OMAB?
The PEG ratio of Grupo Aeroportuario del Centro Norte S.A.B. de C.V is 0.76 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB)?
Balance-sheet figures for Grupo Aeroportuario del Centro Norte S.A.B. de C.V (as of Nov 6, 2026): return on equity 52.2%, debt of 1.05 per unit of equity. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
How far is OMAB from its 52-week high?
Grupo Aeroportuario del Centro Norte S.A.B. de C.V trades at 255.53 MXN, about 9% below its 52-week high of 280.12 MXN and 25% above the low of 204.78 MXN (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 333.46 MXN is for.
Which stocks are comparable to Grupo Aeroportuario del Centro Norte S.A.B. de C.V?
From the same area (Industrials) we also value Aena S.M.E., S.A, Airports of Thailand Public Company, GMR Airports Limited, Shanghai International Airport Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Grupo Aeroportuario del Centro Norte S.A.B. de C.V stock attractive at the current price?
The data as of Nov 6, 2026: price 255.53 MXN, calculated fair value 333.46 MXN (+30%), Quality Score 75/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of OMAB calculated?
We run Grupo Aeroportuario del Centro Norte S.A.B. de C.V through 24 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 333.46 MXN builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Grupo Aeroportuario del Centro Norte S.A.B. de C.V currently trades 23% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB)?
The closing price on Nov 6, 2026 was 255.53 MXN. Our model-based fair value is 333.46 MXN, about +30% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Grupo Aeroportuario del Centro Norte S.A.B. de C.V right now?
The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Grupo Aeroportuario del Centro Norte S.A.B. de C.V
How large is the market capitalisation of Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB)?
The market capitalisation of Grupo Aeroportuario del Centro Norte S.A.B. de C.V is 98.7B MXN (≈ $5.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB)?
The price-to-sales ratio of Grupo Aeroportuario del Centro Norte S.A.B. de C.V is 5.72 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB)?
Earnings per share at Grupo Aeroportuario del Centro Norte S.A.B. de C.V are 13.90 MXN (price ÷ EPS = P/E 18.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB)?
The net margin of Grupo Aeroportuario del Centro Norte S.A.B. de C.V is 31.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB)?
The return on equity (ROE) of Grupo Aeroportuario del Centro Norte S.A.B. de C.V is 52.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB)?
On an EBIT basis the return on assets of Grupo Aeroportuario del Centro Norte S.A.B. de C.V is 26.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB)?
The operating margin of Grupo Aeroportuario del Centro Norte S.A.B. de C.V is 53.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB)?
Revenue at Grupo Aeroportuario del Centro Norte S.A.B. de C.V is growing +23.8% versus a year earlier (3y avg +10.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB)?
Earnings per share at Grupo Aeroportuario del Centro Norte S.A.B. de C.V are growing +2.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB) carry?
The net debt of Grupo Aeroportuario del Centro Norte S.A.B. de C.V is 10.3B MXN (fiscal year 2025, ≈ 1.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 6, 2026