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Spanish (IBEX) Market Analysis & Valuation

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies246
  • 7D0.8%
  • 3M8.8%
  • 1Y36.7%
  • YTD0.4%

The Communication Services sector gained 3.1% while the market remained flat over the last week. As for the longer term, the market has risen 37% in the past 12 months. Earnings are forecast to grow by 7.2% annually.

Trending IndustriesRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Jan 2026€1.1t€593.9b€65.5b16.9x16.8x1.9x
Sat, 27 Dec 2025€1.1t€598.7b€66.1b16.7x16.4x1.8x
Mon, 24 Nov 2025€1.0t€598.1b€65.8b16.7x15.3x1.7x
Wed, 22 Oct 2025€1.0t€593.1b€65.7b17.6x15.4x1.7x
Fri, 19 Sep 2025€975.3b€595.5b€65.9b18.2x14.8x1.6x
Sun, 17 Aug 2025€981.3b€592.8b€65.7b19x14.9x1.7x
Tue, 15 Jul 2025€905.8b€588.8b€64.7b18.3x14x1.5x
Thu, 12 Jun 2025€921.5b€589.1b€64.7b19.4x14.2x1.6x
Sat, 10 May 2025€883.8b€584.4b€63.7b18.6x13.9x1.5x
Mon, 07 Apr 2025€824.0b€583.2b€62.9b17.9x13.1x1.4x
Wed, 05 Mar 2025€864.9b€579.6b€63.1b18.5x13.7x1.5x
Fri, 31 Jan 2025€814.6b€571.9b€56.7b19.6x14.4x1.4x
Sun, 29 Dec 2024€775.0b€573.2b€57.2b19.2x13.5x1.4x
Tue, 26 Nov 2024€792.5b€575.2b€57.2b19.1x13.8x1.4x
Thu, 24 Oct 2024€806.2b€571.9b€56.5b19.1x14.3x1.4x
Sat, 21 Sep 2024€797.0b€571.7b€56.0b19.2x14.2x1.4x
Mon, 19 Aug 2024€750.1b€570.8b€56.0b19.4x13.4x1.3x
Wed, 17 Jul 2024€757.0b€564.8b€53.6b17.7x14.1x1.3x
Fri, 14 Jun 2024€768.3b€564.7b€53.5b17.5x14.4x1.4x
Sun, 12 May 2024€753.9b€562.6b€53.2b16.2x14.2x1.3x
Tue, 09 Apr 2024€725.8b€559.9b€50.6b16.2x14.4x1.3x
Thu, 07 Mar 2024€684.2b€655.3b€86.8b15.1x7.9x1x
Sat, 03 Feb 2024€681.6b€558.3b€56.3b14.8x12.1x1.2x
Mon, 01 Jan 2024€689.9b€557.4b€53.9b15x12.8x1.2x
Wed, 29 Nov 2023€681.0b€560.3b€53.5b15.3x12.7x1.2x
Fri, 27 Oct 2023€618.4b€570.4b€51.4b14.5x12x1.1x
Sun, 24 Sep 2023€653.4b€569.4b€51.2b15x12.8x1.1x
Tue, 22 Aug 2023€635.1b€569.3b€51.2b15.7x12.4x1.1x
Thu, 20 Jul 2023€653.3b€577.7b€50.9b17x12.8x1.1x
Sat, 17 Jun 2023€655.7b€577.2b€51.1b17.7x12.8x1.1x
Mon, 15 May 2023€638.7b€573.4b€50.5b18x12.6x1.1x
Wed, 12 Apr 2023€639.4b€561.2b€49.8b17.5x12.8x1.1x
Fri, 10 Mar 2023€648.6b€563.9b€49.5b17.5x13.1x1.2x
Sun, 05 Feb 2023€630.1b€522.9b€43.8b17.6x14.4x1.2x
Price to Earnings Ratio

14.4x


Total Market Cap: €630.1bTotal Earnings: €43.8bTotal Revenue: €522.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Market Price to Earnings3Y Average 13.8x202420252026
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 16.8x which is higher than its 3-year average PE of 13.8x.
Past Earnings Growth
  • The earnings for Spanish listed companies have grown 14% per year over the last three years.
  • Revenues for these companies have grown 4.3% 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 Market0.82%
Telecom3.14%
Consumer Staples2.63%
Utilities2.39%
Healthcare2.27%
Real Estate1.29%
Financials1.24%
Tech0.99%
Industrials0.82%
Materials0.62%
Energy-0.39%
Consumer Discretionary-2.12%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 20.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 15.4%, which is higher than its past year's earnings growth of 0.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 53% 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 2.7% 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
IBE Iberdrola€18.892.6%
+€3.1b		38.3%PE23.7xUtilities
REP Repsol€16.263.7%
+€635.6m		43.4%PE16.6xEnergy
ELE Endesa€30.991.8%
+€572.9m		44.7%PE14.7xUtilities
TEF Telefónica€3.402.7%
+€501.8m		-14.4%PS0.5xTelecom
NTGY Naturgy Energy Group€26.321.5%
+€384.3m		12.4%PE12.7xUtilities
See more

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