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Spanish (IBEX) Banks Industry Analysis

UpdatedJan 30, 2026
DataAggregated Company Financials
Companies6
  • 7D-0.8%
  • 3M17.7%
  • 1Y91.3%
  • YTD1.7%

The Banks industry is up 1.3% in the last week, with Bankinter up 1.0%. In the last 12 months, the industry was up 92%. Looking forward, earnings are forecast to grow by 5.5% annually.

Industry Valuation and Performance

Has the Spanish Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 30 Jan 2026€384.5b€107.9b€32.0b11.8x12x3.6x
Sun, 28 Dec 2025€367.0b€107.9b€32.0b11.4x11.5x3.4x
Tue, 25 Nov 2025€332.8b€107.9b€32.0b10.3x10.4x3.1x
Thu, 23 Oct 2025€318.5b€107.4b€32.0b9.9x10x3x
Sat, 20 Sep 2025€319.3b€107.4b€32.0b10.1x10x3x
Mon, 18 Aug 2025€315.7b€107.4b€32.0b9.9x9.9x2.9x
Wed, 16 Jul 2025€262.8b€108.3b€32.2b8.5x8.2x2.4x
Fri, 13 Jun 2025€263.1b€108.3b€32.2b8.2x8.2x2.4x
Sun, 11 May 2025€253.3b€108.2b€32.2b7.7x7.9x2.3x
Tue, 08 Apr 2025€206.8b€107.4b€30.4b6.7x6.8x1.9x
Thu, 06 Mar 2025€244.2b€106.2b€30.4b8.1x8x2.3x
Sat, 01 Feb 2025€199.3b€100.1b€28.9b7.7x6.9x2x
Mon, 30 Dec 2024€178.1b€101.1b€29.0b7x6.1x1.8x
Wed, 27 Nov 2024€174.4b€101.1b€29.0b6.8x6x1.7x
Fri, 25 Oct 2024€179.9b€100.1b€27.9b6.8x6.4x1.8x
Sun, 22 Sep 2024€187.2b€100.1b€27.9b7.4x6.7x1.9x
Tue, 20 Aug 2024€179.8b€100.1b€27.9b7.4x6.4x1.8x
Thu, 18 Jul 2024€186.2b€97.2b€26.1b8.1x7.1x1.9x
Sat, 15 Jun 2024€175.2b€97.2b€26.1b7.4x6.7x1.8x
Mon, 13 May 2024€185.8b€97.1b€26.0b7.7x7.1x1.9x
Wed, 10 Apr 2024€182.7b€93.5b€25.1b7.7x7.3x2x
Fri, 08 Mar 2024€165.8b€93.5b€25.1b6.9x6.6x1.8x
Sun, 04 Feb 2024€155.0b€91.8b€26.4b6x5.9x1.7x
Tue, 02 Jan 2024€149.5b€90.9b€23.7b6.4x6.3x1.6x
Thu, 30 Nov 2023€158.7b€90.9b€23.7b7.1x6.7x1.7x
Sat, 28 Oct 2023€142.7b€90.0b€22.3b7x6.4x1.6x
Mon, 25 Sep 2023€142.5b€88.5b€21.8b7.3x6.5x1.6x
Wed, 23 Aug 2023€143.1b€88.5b€21.8b7.3x6.6x1.6x
Fri, 21 Jul 2023€142.9b€85.3b€20.4b8.3x7x1.7x
Sun, 18 Jun 2023€134.1b€85.3b€20.4b7.9x6.6x1.6x
Tue, 16 May 2023€126.4b€85.0b€20.4b7.4x6.2x1.5x
Thu, 13 Apr 2023€135.5b€82.6b€19.6b8.2x6.9x1.6x
Sat, 11 Mar 2023€147.6b€82.6b€19.6b9.8x7.5x1.8x
Mon, 06 Feb 2023€144.1b€80.5b€21.0b8.5x6.9x1.8x
Price to Earnings Ratio

6.9x


Total Market Cap: €144.1bTotal Earnings: €21.0bTotal Revenue: €80.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Banks Industry Price to Earnings3Y Average 7.5x202420252026
Current Industry PE
  • Investors are optimistic on the Spanish Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 12.0x which is higher than its 3-year average PE of 7.5x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 10% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Spanish Financials industry?

ES Market-0.35%
Financials-0.81%
Banks-0.77%
Regional Banks0%0
Diversified Banks-0.77%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 7.5x.
    • Analysts are expecting annual earnings growth of 5.5%, which is lower than the prior year's growth of 17.1% per year.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.5x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 5.5% over the next 5 years.
  • However this is lower than its past earnings growth rate of 17% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 5.5% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
BKT Bankinter€14.151.0%
+€121.3m
70.2%PB2x

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