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Spanish (IBEX) Diversified Banks Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies6
  • 7D2.8%
  • 3M24.0%
  • 1Y103.3%
  • YTDn/a

In the last week, the Diversified Banks industry is up 2.8%, with Banco Santander leading the way, up 3.2%. This takes the industry's 12 month performance to a gain of 103%. Earnings are forecast to grow by 4.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026€384.5b€107.9b€32.0b12x12x3.6x
Sun, 14 Dec 2025€357.4b€107.9b€32.0b11.1x11.2x3.3x
Tue, 11 Nov 2025€340.2b€108.0b€32.1b10.5x10.6x3.1x
Thu, 09 Oct 2025€322.9b€107.4b€32.0b10.1x10.1x3x
Sat, 06 Sep 2025€303.9b€107.4b€32.0b9.6x9.5x2.8x
Mon, 04 Aug 2025€280.4b€106.8b€32.1b9x8.7x2.6x
Wed, 02 Jul 2025€261.6b€108.3b€32.2b8.4x8.1x2.4x
Fri, 30 May 2025€264.3b€108.3b€32.2b8.3x8.2x2.4x
Sun, 27 Apr 2025€243.7b€107.5b€30.5b8.1x8x2.3x
Tue, 25 Mar 2025€254.1b€107.4b€30.4b8.4x8.4x2.4x
Thu, 20 Feb 2025€234.1b€107.0b€31.0b7.7x7.5x2.2x
Sat, 18 Jan 2025€190.3b€101.1b€28.9b7.7x6.6x1.9x
Mon, 16 Dec 2024€185.0b€101.1b€29.0b7.2x6.4x1.8x
Wed, 13 Nov 2024€177.0b€101.1b€29.0b6.6x6.1x1.8x
Fri, 11 Oct 2024€181.0b€100.1b€27.9b6.9x6.5x1.8x
Sun, 08 Sep 2024€176.2b€100.1b€27.9b7.1x6.3x1.8x
Tue, 06 Aug 2024€165.1b€100.1b€27.9b6.6x5.9x1.7x
Thu, 04 Jul 2024€180.7b€97.2b€26.1b7.7x6.9x1.9x
Sat, 01 Jun 2024€192.5b€97.2b€26.1b8.1x7.4x2x
Mon, 29 Apr 2024€193.9b€93.7b€25.2b8x7.7x2.1x
Wed, 27 Mar 2024€183.5b€93.5b€25.1b7.6x7.3x2x
Fri, 23 Feb 2024€157.7b€93.7b€25.5b6.4x6.2x1.7x
Sun, 21 Jan 2024€147.8b€90.9b€23.7b6.4x6.2x1.6x
Tue, 19 Dec 2023€150.4b€90.9b€23.7b6.4x6.3x1.7x
Thu, 16 Nov 2023€152.1b€90.9b€23.7b6.7x6.4x1.7x
Sat, 14 Oct 2023€144.8b€88.5b€21.8b7.3x6.6x1.6x
Mon, 11 Sep 2023€137.0b€88.5b€21.8b7x6.3x1.5x
Wed, 09 Aug 2023€139.7b€88.5b€21.8b7.2x6.4x1.6x
Fri, 07 Jul 2023€134.3b€85.3b€20.4b8x6.6x1.6x
Sun, 04 Jun 2023€130.9b€85.3b€20.4b7.6x6.4x1.5x
Tue, 02 May 2023€129.2b€83.6b€20.0b7.7x6.5x1.5x
Thu, 30 Mar 2023€134.3b€82.6b€19.6b8.1x6.8x1.6x
Sat, 25 Feb 2023€144.0b€80.9b€20.4b9.6x7.1x1.8x
Mon, 23 Jan 2023€134.4b€79.9b€18.3b7.1x7.4x1.7x
Price to Earnings Ratio

7.4x


Total Market Cap: €134.4bTotal Earnings: €18.3bTotal Revenue: €79.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Diversified Banks Industry Price to Earnings3Y Average 7.4x202420252026
Current Industry PE
  • Investors are optimistic on the Spanish Diversified 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 7.4x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 20% per year over the last three years.
  • Revenues for these companies have grown 11% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Spanish Diversified Banks compare with similar industries?

ES Market-0.09%
Financials2.70%
Banks2.85%
Diversified Banks2.85%
Regional Banks0%0
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
SAN Banco Santander€10.542.8%
+€4.2b		119.5%PB1.5x
BBVA Banco Bilbao Vizcaya Argentaria€20.952.4%
+€2.8b		102.7%PB2.1x
CABK CaixaBank€10.711.8%
+€1.3b		92.7%PB2x
UNI Unicaja Banco€2.832.9%
+€205.6m		115.6%PB1x
BKT Bankinter€14.251.1%
+€139.3m		73.7%PB2x

Latest News

SAN
€10.54
Banco Santander
7D
2.8%
1Y
119.5%
CABK
€10.71
CaixaBank
7D
1.8%
1Y
92.7%

CABK: Share Buybacks And Steady Earnings Assumptions Will Support Balanced Forward Outlook

Narrative Update The updated analyst price target for CaixaBank edges higher, supported by recent target lifts to €11.55 and €8.75 from research houses, as well as by small adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent research points to a generally constructive stance on CaixaBank, with higher price targets indicating that some analysts see more upside potential than before, even if they differ on how much headroom is left from current levels.
UNI
€2.83
Unicaja Banco
7D
2.9%
1Y
115.6%

UNI: Reassessed Earnings Power Will Support Higher Fair Value Per Share

Analysts have lifted their price target on Unicaja Banco, reflecting updated fair value estimates of €3.09 per share, supported by recent target increases from €2 to €2.20 and from €2.25 to €2.55, alongside revised assumptions for revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent research updates point to a more constructive stance on Unicaja Banco, with bullish analysts lifting their fair value estimates into a €2.20 to €2.55 range.
BKT
€14.25
Bankinter
7D
1.1%
1Y
73.7%

BKT: Stable Rates And Solid Fundamentals Will Likely Support Fairly Valued Shares

Analysts have nudged our Bankinter fair value estimate higher to €13.92 from €13.81, reflecting slightly adjusted assumptions on discount rate, revenue growth, profit margin and future P/E, in line with the recent series of price target increases from €12.75 to €16 across major banks. Analyst Commentary Recent research suggests a broadly constructive backdrop around Bankinter, with several firms adjusting their price targets higher and one major house upgrading its stance on the shares.
BBVA
€20.95
Banco Bilbao Vizcaya Argentaria
7D
2.4%
1Y
102.7%

BBVA: Growth Markets And AI Partnership Will Support Medium-Term Stability

Analysts have lifted their price target on Banco Bilbao Vizcaya Argentaria to €19.14 from €18.65, reflecting updated assumptions for slightly higher revenue growth, a modestly lower discount rate, and a higher future P/E multiple, consistent with recent upward target revisions from several research firms. Analyst Commentary Street research has recently focused on updated price targets and refreshed coverage for Banco Bilbao Vizcaya Argentaria, giving you a clearer view of how professionals are thinking about valuation, growth potential, and execution risks.
SAB
€3.24
Banco de Sabadell
7D
-1.8%
1Y
54.1%

SAB: Dividend Support Will Struggle To Offset Rising Execution Concerns

The analyst price target for Banco de Sabadell edges higher, with fair value moving from €2.38 to €2.48 as analysts factor in updated discount rates, revised expectations for revenue contraction and margins, and a price-to-earnings ratio closer to recent target moves around €2.80 to €3.50. Analyst Commentary Recent research points to a more balanced, and in some cases cautious, stance on Banco de Sabadell, even as headline price targets cluster between about €2.80 and €3.50.