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Spanish (IBEX) Construction Industry Analysis

UpdatedJul 13, 2026
DataAggregated Company Financials
Companies9
  • 7D-4.1%
  • 3M-3.3%
  • 1Y53.0%
  • YTD17.7%

Over the last 7 days, the Construction industry has dropped 4.1%, driven by a pullback from Ferrovial of 5.7%. This takes the industry's 12 month performance to a gain of 53%. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Jul 2026€82.0b€75.4b€2.2b28.7x38.1x1.1x
Wed, 10 Jun 2026€80.6b€75.4b€2.2b28.1x37.4x1.1x
Fri, 08 May 2026€89.1b€73.9b€2.0b39.4x43.9x1.2x
Sun, 05 Apr 2026€78.1b€73.8b€2.0b36x38.7x1.1x
Tue, 03 Mar 2026€81.6b€73.6b€1.8b36.1x45.4x1.1x
Thu, 29 Jan 2026€71.6b€72.3b€4.2b20.8x17x1x
Sat, 27 Dec 2025€67.8b€72.3b€4.2b18.9x16.1x0.9x
Mon, 24 Nov 2025€64.0b€72.3b€4.2b19.4x15.2x0.9x
Wed, 22 Oct 2025€64.1b€70.6b€4.2b20.8x15.3x0.9x
Fri, 19 Sep 2025€59.3b€70.6b€4.2b25.7x14.2x0.8x
Sun, 17 Aug 2025€56.8b€70.6b€4.2b25.9x13.6x0.8x
Tue, 15 Jul 2025€53.0b€67.8b€4.0b20.9x13.2x0.8x
Thu, 12 Jun 2025€52.7b€67.8b€4.0b20.8x13.1x0.8x
Sat, 10 May 2025€51.3b€64.7b€4.0b22.9x12.7x0.8x
Mon, 07 Apr 2025€45.8b€64.6b€4.0b20.4x11.4x0.7x
Wed, 05 Mar 2025€49.1b€65.0b€4.0b19.5x12.2x0.8x
Fri, 31 Jan 2025€47.6b€61.6b€1.4b31.4x34x0.8x
Sun, 29 Dec 2024€46.5b€61.6b€1.4b29.6x33.2x0.8x
Tue, 26 Nov 2024€44.3b€61.5b€1.4b37.2x30.8x0.7x
Thu, 24 Oct 2024€49.4b€69.4b€2.0b24.8x24.2x0.7x
Sat, 21 Sep 2024€49.2b€69.4b€2.0b26.1x24.1x0.7x
Mon, 19 Aug 2024€47.0b€69.4b€2.0b26.4x23.1x0.7x
Wed, 17 Jul 2024€49.4b€67.5b€1.8b27.1x28x0.7x
Fri, 14 Jun 2024€48.9b€67.5b€1.8b26.8x27.7x0.7x
Sun, 12 May 2024€46.5b€66.6b€1.7b28.1x26.7x0.7x
Tue, 09 Apr 2024€45.8b€66.6b€1.7b26.1x26.3x0.7x
Thu, 07 Mar 2024€45.4b€67.8b€2.0b19.5x22.3x0.7x
Sat, 03 Feb 2024€44.8b€66.6b€1.5b15.7x28.9x0.7x
Mon, 01 Jan 2024€45.7b€66.6b€1.5b17.4x29.6x0.7x
Wed, 29 Nov 2023€42.0b€66.6b€1.5b15.4x27.2x0.6x
Fri, 27 Oct 2023€37.6b€66.5b€1.5b13.1x25.8x0.6x
Sun, 24 Sep 2023€39.7b€66.5b€1.5b14.2x27.3x0.6x
Tue, 22 Aug 2023€38.5b€66.5b€1.5b14.3x26.4x0.6x
Thu, 20 Jul 2023€38.7b€64.6b€1.2b16.3x31.8x0.6x
Price to Earnings Ratio

31.8x


Total Market Cap: €38.7bTotal Earnings: €1.2bTotal Revenue: €64.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Construction Industry Price to Earnings3Y Average 24.8x202420252026
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 38.1x which is higher than its 3-year average PE of 24.8x.
  • The 3-year average PS ratio of 0.79x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 21% per year over the last three years.
  • Revenues for these companies have grown 5.3% 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-1.53%
Industrials-2.93%
Construction-4.10%
Construction and Engineering-4.10%
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
OHLA Obrascón Huarte Lain€0.494.9%
+€31.8m		55.8%PE25.8x
MDF Duro Felguera€0.2112.6%
+€5.1m		-6.7%PS0.3x
CLR CLERHP Estructuras€14.501.8%
+€4.5m		298.4%PS18.5x

Latest News

ENO
€36.70
Elecnor
7D
-7.9%
1Y
62.7%
Narrative Update • Jul 10

ENO: Higher Revenue Assumptions And P/E Will Shape Balanced Outlook

Analysts have lifted their price target for Elecnor from €26.90 to €34.95, citing updated assumptions for revenue growth, profit margins, discount rate, and future P/E that together support a higher assessed fair value for the stock. What’s in the News for Elecnor Elecnor has scheduled a board meeting for March 25, 2026, to consider a resolution calling the ordinary shareholders' meeting.
ACS
€118.80
ACS Actividades de Construcción y Servicios
7D
-4.3%
1Y
109.5%
Narrative Update • Jul 09

ACS: Rich Morgan Stanley Upgrade Will Likely Expose Overvaluation Risk

The analyst price target for ACS Actividades de Construcción y Servicios has been revised from €54.82 to €78.10. Analysts attribute the change to updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E, as reflected in recent Street research such as the Morgan Stanley upgrade.
FER
€56.00
Ferrovial
7D
-5.7%
1Y
24.7%
Narrative Update • Jul 01

FER: Future U.S. Infrastructure Wins Will Not Offset Rich Pricing

Analysts have raised their fair value estimate for Ferrovial to about €43.62 from €41.05, citing high asset quality but also noting limited upside on the current asset base at prevailing share levels. This is reflected in a recent downgrade to Neutral and a €70 price target.
OHLA
€0.49
Obrascón Huarte Lain
7D
4.9%
1Y
55.8%
Narrative Update • Jun 26

OHLA: Revised Discount Rate Assumptions Will Support Stronger Forward Earnings Rating

Analysts have raised their price target for Obrascón Huarte Lain to €0.57 from €0.51, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E multiples. What's in the News for Obrascón Huarte Lain Analysts have adjusted key valuation inputs for Obrascón Huarte Lain, including fair value assumptions, discount rate, revenue expectations, profit margins, and future P/E multiples, as reflected in the new €0.57 price target.
TSK
€6.18
TSK Electrónica y Electricidad
7D
-12.2%
1Y
n/a
SCYR
€4.73
Sacyr
7D
-3.9%
1Y
32.6%
Narrative Update • Jun 22

SCYR: Steady Outlook Will Depend On Remote Meeting Decisions

The latest Narrative Update on Sacyr keeps the analyst fair value estimate steady at €4.98 per share, as analysts point to unchanged assumptions around the discount rate, revenue growth, profit margin and future P/E as the basis for maintaining their prior price target stance. What's in the News Sacyr has scheduled a board meeting for April 28, 2026.
CLR
€14.50
CLERHP Estructuras
7D
1.8%
1Y
298.4%
GSJ
€8.24
Grupo Empresarial San José
7D
-6.2%
1Y
35.7%
GGR
€1.84
Greening Group Global
7D
-15.6%
1Y
-57.7%
AI
€0.093
Airtificial Intelligence Structures
7D
-3.2%
1Y
-17.2%
MDF
€0.21
Duro Felguera
7D
12.6%
1Y
-6.7%