Stock fact sheet · data as of
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB): fair value, margin of safety and Wheel Score
Ticker symbol OMAB · Industrials · Airlines, Airports & Air Services · Mexico · ADR · Blend Income
OMAB is an American depositary share (ADR): the US listing of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.
Is OMAB undervalued?
At 108.39 (close of 5 Nov 2026), OMAB trades 20% under the GLS average fair value of 135.02. 5 of the 9 models that produced a value land above the price. A discount of this size counts as a positive margin of safety in every GLS scan; whether it is enough depends on the rest of the picture - the health score, the moat and the option premium below.
There is a wide gap between Graham Number (41.51) and Graham Growth (258.83). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for OMAB, so the nightly engine files it under Blend (value score 34, growth score 51, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for OMAB
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 148.12 | +37% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 41.51 | -62% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 258.83 | +139% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 106.45 | -2% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 149.57 | +38% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 186.06 | +72% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 180.56 | +67% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 76.38 | -30% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 67.73 | -38% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -14.78 | -114% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 168.33 | +55% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. scores only 4 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 8.3/10 puts OMAB among the more durable businesses we track: over up to ten years its returns on capital have stayed high, its margins steady and its balance sheet sound.
Returns on capital are high - ROIC 21.5%, ROE 47.4%, ROA 17.3% - with debt at 1.21 times equity and a free-cash-flow yield of 5.7%.
The dividend yield is high at 4.79% (payout ratio 85%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 2/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 21.5% |
|---|---|---|---|
| GLS Moat | 8.3 / 10 | ROE | 47.4% |
| Debt / equity | 1.21 | ROA | 17.3% |
| Free-cash-flow yield | 5.7% | Payout ratio | 85% |
| Institutions | 2 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 43: Weak
With a Wheel Score of 43 Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (496 open interest, 97 a day); and filter 4, financially healthy - Piotroski 4/9 (under 6); Option trading (weak) is its weakest part.
Implied volatility is 35% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 496 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 206k shares a day on a market cap of $5.2B, with a beta of 0.36 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (496 open interest, 97 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 4/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Good | 20% below fair value | |
| Premium | Strong | implied volatility 35% | |
| Moat | Strong | moat 8.3/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Fair | Red Flags score 70/100 | |
| Option trading | Weak | 97 contracts a day, 496 open interest | |
| Stability | Good | beta 0.36, $5.2B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for OMAB in the nightly calendar.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Airlines, Airports & Air Services
The 12 companies below are the closest to Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. by market cap within the Airlines, Airports & Air Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| JOBY Joby Aviation, Inc. | 5.05 | 0.2597 | -1844% | 20Weak | $5.0B |
| CPA Copa Holdings, S.A. | 145.89 | 320.23 | +54% | 79Good | $6.0B |
| ALK Alaska Air Group, Inc. | 40.00 | - | - | 33Weak | $4.5B |
| CAAP Corporacion America Airports S.A. | 25.14 | 65.51 | +62% | 47Weak | $4.1B |
| ASR Grupo Aeroportuario del Sureste, S. A. B. de C. V. | 265.59 | 414.76 | +36% | 45Weak | $7.8B |
| SKYW SkyWest, Inc. | 82.41 | 215.92 | +62% | 44Weak | $3.1B |
| AAL American Airlines Group Inc. | 13.63 | 152.59 | +91% | 50Fair | $9.0B |
| ALGT Allegiant Travel Company | 81.53 | 101.91 | +20% | 35Weak | $2.2B |
| PAC Grupo Aeroportuario del Pacífico, S.A.B. de C.V. | 246.55 | 219.35 | -12% | 21No options | $12.8B |
| LTM LATAM Airlines Group S.A. | 47.78 | 162.49 | +71% | 81Good | $13.7B |
| ULCC Frontier Group Holdings, Inc. | 7.09 | 2.45 | -189% | 25Weak | $1.6B |
| JBLU JetBlue Airways Corporation | 3.56 | - | - | 18Weak | $1.3B |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about OMAB
Is OMAB undervalued right now?
By the GLS models, moderately: at 108.39 the stock trades 20% below the average fair value of 135.02 (data as of 5 Nov 2026).
What is the Wheel Score of OMAB and what does it mean?
OMAB scores 43 out of 100 (Weak) - it fails Wheel Trade Filters 1, 4. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for OMAB?
135.02 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. report earnings next?
No upcoming earnings date is recorded for OMAB in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does OMAB have listed options, and how liquid are they?
Yes. The nightly snapshot found 96 listed contracts with 496 open interest across all expiries and implied volatility of 35% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.
Is OMAB an ADR?
Yes. OMAB is an American depositary share (ADR): the US listing of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.