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Spanish (IBEX) Construction Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies9
  • 7D3.3%
  • 3M14.3%
  • 1Y57.2%
  • YTD5.3%

Over the last 7 days, the Construction industry has risen 3.3%, driven by gains from ACS Actividades de Construcción y Servicios of 6.6%. In the last 12 months, the industry was up 57%. As for the next few years, earnings are forecast to decline by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026€71.8b€72.3b€4.2b20.3x17x1x
Thu, 11 Dec 2025€69.3b€72.3b€4.2b19x16.4x1x
Sat, 08 Nov 2025€64.9b€70.6b€4.2b19.8x15.5x0.9x
Mon, 06 Oct 2025€60.6b€70.6b€4.2b20.7x14.5x0.9x
Wed, 03 Sep 2025€55.2b€70.6b€4.2b24.6x13.2x0.8x
Fri, 01 Aug 2025€53.8b€68.3b€4.2b24.6x12.9x0.8x
Sun, 29 Jun 2025€53.7b€67.8b€4.0b20.9x13.3x0.8x
Tue, 27 May 2025€54.9b€67.8b€4.0b21.5x13.6x0.8x
Thu, 24 Apr 2025€47.9b€64.6b€4.0b21.8x11.9x0.7x
Sat, 22 Mar 2025€49.1b€64.6b€4.0b19.9x12.2x0.8x
Mon, 17 Feb 2025€49.3b€61.6b€1.4b36.4x35.2x0.8x
Wed, 15 Jan 2025€45.5b€61.6b€1.4b31.2x32.5x0.7x
Fri, 13 Dec 2024€47.0b€61.6b€1.4b40.3x33.6x0.8x
Sun, 10 Nov 2024€46.3b€69.4b€2.1b24.5x22.5x0.7x
Tue, 08 Oct 2024€48.1b€69.4b€2.0b26.6x23.6x0.7x
Thu, 05 Sep 2024€48.0b€69.4b€2.0b25.5x23.6x0.7x
Sat, 03 Aug 2024€46.4b€69.4b€2.0b24x22.7x0.7x
Mon, 01 Jul 2024€48.4b€67.5b€1.8b26.8x27.4x0.7x
Wed, 29 May 2024€49.1b€67.4b€1.8b28x27.8x0.7x
Fri, 26 Apr 2024€45.0b€66.6b€1.7b27.6x25.9x0.7x
Sun, 24 Mar 2024€47.7b€66.6b€1.7b25.9x27.4x0.7x
Tue, 20 Feb 2024€45.2b€66.6b€1.5b15.7x29.3x0.7x
Thu, 18 Jan 2024€46.2b€66.6b€1.5b16.6x29.8x0.7x
Sat, 16 Dec 2023€45.6b€66.6b€1.5b17.4x29.5x0.7x
Mon, 13 Nov 2023€38.9b€66.3b€1.5b13.6x26.6x0.6x
Wed, 11 Oct 2023€38.5b€66.5b€1.5b13.6x26.4x0.6x
Fri, 08 Sep 2023€39.1b€66.5b€1.5b14.2x26.8x0.6x
Sun, 06 Aug 2023€39.2b€66.5b€1.5b14.9x26.9x0.6x
Tue, 04 Jul 2023€38.5b€64.6b€1.2b16x31.7x0.6x
Thu, 01 Jun 2023€36.5b€64.5b€1.2b13.3x30.1x0.6x
Sat, 29 Apr 2023€36.4b€63.0b€1.2b13.4x31.2x0.6x
Mon, 27 Mar 2023€33.7b€63.0b€1.2b12.1x28.9x0.5x
Wed, 22 Feb 2023€33.8b€59.6b€582.2m12.8x58.1x0.6x
Fri, 20 Jan 2023€33.9b€59.6b€582.2m12.6x58.3x0.6x
Price to Earnings Ratio

58.3x


Total Market Cap: €33.9bTotal Earnings: €582.2mTotal Revenue: €59.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Construction Industry Price to Earnings3Y Average 25.5x202420252026
Current Industry PE
  • Investors are pessimistic on the Spanish Construction industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 17.0x which is lower than its 3-year average PE of 25.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.71x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 94% per year over the last three years.
  • Revenues for these companies have grown 6.6% 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 Market0.43%
Industrials2.84%
Construction3.31%
Construction and Engineering3.31%
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
ACS ACS Actividades de Construcción y Servicios€93.056.6%
+€1.5b		96.8%PE27.1x
FER Ferrovial€57.542.0%
+€819.8m		45.5%PE12.4x
SCYR Sacyr€4.030.8%
+€23.7m		29.9%PE31.3x
ENO Elecnor€24.950.4%
+€8.5m		47.6%PS0.5x
CLR CLERHP Estructuras€5.701.1%
+€865.9k		27.2%PS5.3x

Latest News

SCYR
€4.03
Sacyr
7D
0.8%
1Y
29.9%
FER
€57.54
Ferrovial
7D
2.0%
1Y
45.5%

FER: Raised Price Outlook And Index Addition Will Shape Future Balanced Returns

Analysts have lifted their fair value estimate for Ferrovial to €56.52 from €55.77, along with a higher Street price target to €64 from €56, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E multiples. Analyst Commentary Analysts updating their models on Ferrovial are focusing on how the revised fair value and the higher Street price target line up with their expectations for returns, risk and execution quality.
ACS
€93.05
ACS Actividades de Construcción y Servicios
7D
6.6%
1Y
96.8%

ACS: Data Center Focus Will Highlight Execution Risks At Unchanged €80.53 Estimate

Analysts have lifted their price target on ACS Actividades de Construcción y Servicios to €80.53 per share, a change they link to slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E, even though the updated fair value figure itself remains at €80.53. What's in the News ACS Actividades de Construcción y Servicios is scheduled to hold a 3Q 2025 Results Presentation combined with a Data Center Investor Day, giving investors a focused look at recent financial results alongside its data center activities (Key Developments).
ENO
€24.95
Elecnor
7D
0.4%
1Y
47.6%

Elecnor, S.A.'s (BME:ENO) Business Is Trailing The Industry But Its Shares Aren't

Dec 23
Elecnor, S.A.'s (BME:ENO) Business Is Trailing The Industry But Its Shares Aren't
CLR
€5.70
CLERHP Estructuras
7D
1.1%
1Y
27.2%
OHLA
€0.36
Obrascón Huarte Lain
7D
-1.5%
1Y
-11.1%
GSJ
€7.83
Grupo Empresarial San José
7D
-0.3%
1Y
51.7%
GGR
€4.23
Greening Group Global
7D
-3.9%
1Y
-24.2%
MDF
€0.19
Duro Felguera
7D
-4.3%
1Y
-21.9%

Duro Felguera, S.A. (BME:MDF) Could Be Riskier Than It Looks

Sep 26
Duro Felguera, S.A. (BME:MDF) Could Be Riskier Than It Looks
AI
€0.098
Airtificial Intelligence Structures
7D
-2.7%
1Y
-12.8%