Grupo Aeroportuario del Pacifico: The Valuation Looks Good, The Risks Don't

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. is rated neutral due to macro headwinds and heightened oil price risks impacting forward visibility. PAC's Q4 2025 results showed resilient core operations, with revenue up 21.7% YoY, but profitability was pressured by higher costs and Jamaica's disruption. PAC stock trades at a forward P/E of 14.83x, below sector and historical averages, with 2026 guidance for 2–5% passenger growth and 8–11% EBITDA growth.