Spanish (IBEX) Construction Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 28 Aug 2026	€73.7b	€77.4b	€2.0b	21.2x	37.7x	1x
Sun, 26 Jul 2026	€79.9b	€75.4b	€2.2b	28.4x	37.1x	1.1x
Tue, 23 Jun 2026	€89.6b	€75.4b	€2.2b	28.8x	41.6x	1.2x
Thu, 21 May 2026	€83.5b	€75.3b	€2.1b	33.1x	39.2x	1.1x
Sat, 18 Apr 2026	€84.3b	€73.8b	€2.0b	39.2x	41.8x	1.1x
Mon, 16 Mar 2026	€73.9b	€73.8b	€2.0b	33.3x	36.2x	1x
Wed, 11 Feb 2026	€76.5b	€72.3b	€4.2b	21.9x	18.1x	1.1x
Fri, 09 Jan 2026	€71.8b	€72.3b	€4.2b	20.2x	17x	1x
Sun, 07 Dec 2025	€68.3b	€72.3b	€4.2b	18.4x	16.2x	0.9x
Tue, 04 Nov 2025	€64.5b	€70.6b	€4.2b	21.8x	15.4x	0.9x
Thu, 02 Oct 2025	€58.9b	€70.6b	€4.2b	20.1x	14.1x	0.8x
Sat, 30 Aug 2025	€56.2b	€70.6b	€4.2b	25.1x	13.4x	0.8x
Mon, 28 Jul 2025	€54.4b	€67.8b	€4.0b	21.6x	13.5x	0.8x
Wed, 25 Jun 2025	€52.1b	€67.8b	€4.0b	20.5x	12.9x	0.8x
Fri, 23 May 2025	€54.4b	€67.8b	€4.0b	21.4x	13.5x	0.8x
Sun, 20 Apr 2025	€47.0b	€64.6b	€4.0b	21.5x	11.6x	0.7x
Tue, 18 Mar 2025	€48.0b	€64.6b	€4.0b	19.7x	11.9x	0.7x
Thu, 13 Feb 2025	€49.2b	€61.6b	€1.4b	36.5x	35.1x	0.8x
Sat, 11 Jan 2025	€46.1b	€61.6b	€1.4b	31.8x	32.9x	0.7x
Mon, 09 Dec 2024	€47.2b	€61.6b	€1.4b	39.2x	33.7x	0.8x
Wed, 06 Nov 2024	€48.7b	€69.4b	€2.0b	24.9x	23.9x	0.7x
Fri, 04 Oct 2024	€49.0b	€69.4b	€2.0b	26.7x	24x	0.7x
Sun, 01 Sep 2024	€48.5b	€69.4b	€2.0b	25.7x	23.8x	0.7x
Tue, 30 Jul 2024	€48.9b	€67.6b	€1.8b	27.4x	27.7x	0.7x
Thu, 27 Jun 2024	€49.0b	€67.5b	€1.8b	27x	27.7x	0.7x
Sat, 25 May 2024	€48.6b	€67.3b	€1.8b	28.6x	27.5x	0.7x
Mon, 22 Apr 2024	€44.6b	€66.6b	€1.7b	26.6x	25.6x	0.7x
Wed, 20 Mar 2024	€47.2b	€66.6b	€1.7b	25.9x	27.1x	0.7x
Fri, 16 Feb 2024	€45.3b	€66.6b	€1.5b	15.4x	29.3x	0.7x
Sun, 14 Jan 2024	€46.8b	€66.6b	€1.5b	17x	30.2x	0.7x
Tue, 12 Dec 2023	€44.2b	€66.6b	€1.5b	16.7x	28.6x	0.7x
Thu, 09 Nov 2023	€38.9b	€66.3b	€1.5b	13.5x	26.6x	0.6x
Sat, 07 Oct 2023	€38.3b	€66.5b	€1.5b	13.5x	26.3x	0.6x
Mon, 04 Sep 2023	€38.9b	€66.5b	€1.5b	14.5x	26.7x	0.6x

Current Industry PE

Investors are optimistic on the Spanish Construction industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 38.0x which is higher than its 3-year average PE of 25.3x.

The industry is trading close to its 3-year average PS ratio of 0.81x.

Past Earnings Growth

The earnings for companies in the Construction industry have grown 10% per year over the last three years.
Revenues for these companies have grown 5.2% 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 Industrials industry?


ES Market	0.33%
Industrials	-2.23%
Construction	-4.56%
Construction and Engineering	-4.56%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Company	Last Price	7D	1Y	Valuation
TSK TSK Electrónica y Electricidad	€6.40	0.5% +€4.1m	n/a	PE16.2x
GGR Greening Group Global	€2.10	5.0% +€2.9m	-53.8%	PS0.4x
MDF Duro Felguera	€0.26	1.2% +€1.5m	10.9%	PE0.7x

Company

Last Price

Valuation

TSK TSK Electrónica y Electricidad

€6.40

0.5%
+€4.1m

n/a

PE16.2x

GGR Greening Group Global

€2.10

5.0%
+€2.9m

-53.8%

PS0.4x

MDF Duro Felguera

€0.26

1.2%
+€1.5m

10.9%

PE0.7x

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 132% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (132% increase in shares outstanding). Minor Risk Negative equity (-€92m).

Spanish (IBEX) Construction Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

New major risk - Shareholder dilution

Ferrovial Chosen for Tennessee I-24 Project in Largest-Ever State Infrastructure Deal

ACS: Recent Upgrade And Data Center Expansion Will Drive Future Upside

Second quarter 2026 earnings released

Elecnor's (BME:ENO) Earnings May Just Be The Starting Point

Second quarter 2026 earnings released

Second quarter 2026 earnings released: EPS: €0.051 (vs €0.005 in 2Q 2025)

Price target increased by 104% to €21.15

TSK Electrónica y Electricidad, S.A. to Report First Half, 2026 Results on Sep 11, 2026

New minor risk - Market cap size

Airtificial Intelligence Structures, S.A., Annual General Meeting, Jun 29, 2026