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Spanish (IBEX) Market Analysis & Valuation

UpdatedDec 10, 2025
DataAggregated Company Financials
Companies244
  • 7D1.8%
  • 3M9.2%
  • 1Y32.8%
  • YTD36.0%

The market has climbed 1.8% in the last 7 days, lead by the Consumer Discretionary sector with a gain of 8.1%. In the last year, the market has climbed 33%. Earnings are forecast to grow by 6.9% annually.

Trending IndustriesRenewable Energy

Market Valuation and Performance

Has the Spanish Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Dec 2025€1.1t€598.7b€66.1b17x16.1x1.8x
Fri, 07 Nov 2025€1.0t€595.3b€66.2b16.4x15.5x1.7x
Sun, 05 Oct 2025€999.0b€593.1b€65.7b18.3x15.2x1.7x
Tue, 02 Sep 2025€960.5b€592.8b€65.7b19.2x14.6x1.6x
Thu, 31 Jul 2025€932.1b€589.5b€65.2b18.4x14.3x1.6x
Sat, 28 Jun 2025€908.6b€589.3b€64.8b19.1x14x1.5x
Mon, 26 May 2025€918.6b€589.1b€64.6b18.8x14.2x1.6x
Wed, 23 Apr 2025€860.1b€582.7b€62.8b19.2x13.7x1.5x
Fri, 21 Mar 2025€872.6b€581.6b€63.2b18.8x13.8x1.5x
Sun, 16 Feb 2025€862.2b€575.2b€59.7b19.6x14.5x1.5x
Tue, 14 Jan 2025€779.0b€519.0b€44.2b19x17.6x1.5x
Thu, 12 Dec 2024€789.6b€573.0b€57.1b19.2x13.8x1.4x
Sat, 09 Nov 2024€781.4b€574.9b€57.9b19.5x13.5x1.4x
Mon, 07 Oct 2024€792.8b€571.9b€56.0b18.8x14.2x1.4x
Wed, 04 Sep 2024€770.9b€570.8b€56.0b19x13.8x1.4x
Fri, 02 Aug 2024€743.6b€570.7b€55.7b19.4x13.4x1.3x
Sun, 30 Jun 2024€746.9b€564.7b€53.6b17.9x13.9x1.3x
Tue, 28 May 2024€771.6b€563.5b€53.3b17.2x14.5x1.4x
Thu, 25 Apr 2024€734.6b€559.5b€50.5b15.7x14.5x1.3x
Sat, 23 Mar 2024€727.6b€560.0b€50.6b15.6x14.4x1.3x
Mon, 19 Feb 2024€668.3b€560.6b€55.7b14.9x12x1.2x
Wed, 17 Jan 2024€682.3b€557.4b€53.9b14.8x12.6x1.2x
Fri, 15 Dec 2023€693.6b€557.0b€53.7b15.5x12.9x1.2x
Sun, 12 Nov 2023€641.7b€559.7b€53.4b14.7x12x1.1x
Tue, 10 Oct 2023€631.1b€570.5b€51.4b14.9x12.3x1.1x
Thu, 07 Sep 2023€643.1b€569.4b€51.2b15x12.6x1.1x
Sat, 05 Aug 2023€641.8b€569.3b€51.3b14.9x12.5x1.1x
Mon, 03 Jul 2023€662.0b€577.4b€50.9b17.7x13x1.1x
Wed, 31 May 2023€633.5b€575.8b€50.6b17.2x12.5x1.1x
Fri, 28 Apr 2023€642.9b€561.9b€49.9b17.5x12.9x1.1x
Sun, 26 Mar 2023€602.9b€560.3b€49.6b15.4x12.2x1.1x
Tue, 21 Feb 2023€620.9b€514.1b€45.8b17.8x13.6x1.2x
Thu, 19 Jan 2023€612.2b€522.8b€42.5b17.6x14.4x1.2x
Sat, 17 Dec 2022€560.9b€522.8b€42.5b16.5x13.2x1.1x
Price to Earnings Ratio

13.2x


Total Market Cap: €560.9bTotal Earnings: €42.5bTotal Revenue: €522.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Market Price to Earnings3Y Average 13.7x202320242025
Current Market PE
  • Investors are optimistic on the Spanish market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 16.1x which is higher than its 3-year average PE of 13.7x.
Past Earnings Growth
  • The earnings for Spanish listed companies have grown 16% per year over the last three years.
  • Revenues for these companies have grown 4.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Spanish Market?

ES Market1.82%
Consumer Discretionary8.09%
Tech7.10%
Healthcare2.00%
Industrials1.08%
Telecom0.92%
Financials0.86%
Consumer Staples0.58%
Energy0.24%
Materials0.17%
Utilities-1.14%
Real Estate-1.27%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 23.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 9.1%, which is higher than its past year's earnings growth of 5.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 56% over the next 5 years.
  • This is better than its past earnings decline of 36% per year.
  • In contrast, the Industrials sector is expected to see its earnings decline by 5.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
ITX Industria de Diseño Textil€54.3010.7%
+€16.3b		-0.7%PE28xConsumer Discretionary
SAN Banco Santander€9.521.0%
+€1.3b		103.7%PB1.4xFinancials
ACS ACS Actividades de Construcción y Servicios€84.555.4%
+€1.1b		79.0%PE24.6xIndustrials
FER Ferrovial€57.362.0%
+€791.5m		43.0%PE12.3xIndustrials
IDR Indra Sistemas€49.608.9%
+€713.3m		190.4%PE22.7xTech
See more

Market Insights

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