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
Mon, 11 May 2026	€87.4b	€73.9b	€2.0b	38.4x	43.1x	1.2x
Wed, 08 Apr 2026	€77.8b	€73.8b	€2.0b	35.9x	38.6x	1.1x
Fri, 06 Mar 2026	€76.4b	€73.9b	€2.0b	28.8x	38.2x	1x
Sun, 01 Feb 2026	€72.0b	€72.3b	€4.2b	21x	17.1x	1x
Tue, 30 Dec 2025	€67.9b	€72.3b	€4.2b	18.8x	16.1x	0.9x
Thu, 27 Nov 2025	€67.9b	€72.3b	€4.2b	18.3x	16.1x	0.9x
Sat, 25 Oct 2025	€64.8b	€70.6b	€4.2b	21.4x	15.5x	0.9x
Mon, 22 Sep 2025	€59.0b	€70.6b	€4.2b	25.6x	14.1x	0.8x
Wed, 20 Aug 2025	€57.0b	€70.6b	€4.2b	25.9x	13.6x	0.8x
Fri, 18 Jul 2025	€53.7b	€67.8b	€4.0b	21x	13.3x	0.8x
Sun, 15 Jun 2025	€52.3b	€67.8b	€4.0b	20.7x	13x	0.8x
Tue, 13 May 2025	€51.1b	€64.7b	€4.0b	23.2x	12.7x	0.8x
Thu, 10 Apr 2025	€43.6b	€64.6b	€4.0b	19.3x	10.8x	0.7x
Sat, 08 Mar 2025	€48.4b	€64.6b	€4.0b	20.1x	12x	0.7x
Mon, 03 Feb 2025	€47.9b	€61.6b	€1.4b	31x	34.2x	0.8x
Wed, 01 Jan 2025	€46.7b	€61.6b	€1.4b	29.8x	33.3x	0.8x
Fri, 29 Nov 2024	€44.4b	€61.5b	€1.4b	37.4x	31x	0.7x
Sun, 27 Oct 2024	€48.6b	€69.4b	€2.0b	24.7x	23.9x	0.7x
Tue, 24 Sep 2024	€49.2b	€69.4b	€2.0b	26.1x	24.1x	0.7x
Thu, 22 Aug 2024	€47.3b	€69.4b	€2.0b	26.2x	23.2x	0.7x
Sat, 20 Jul 2024	€49.3b	€67.5b	€1.8b	27.9x	27.9x	0.7x
Mon, 17 Jun 2024	€48.5b	€67.5b	€1.8b	26.7x	27.5x	0.7x
Wed, 15 May 2024	€48.3b	€66.6b	€1.7b	28.2x	27.7x	0.7x
Fri, 12 Apr 2024	€45.2b	€66.6b	€1.7b	26.4x	26x	0.7x
Sun, 10 Mar 2024	€45.7b	€67.7b	€2.0b	19.9x	22.5x	0.7x
Tue, 06 Feb 2024	€45.1b	€66.6b	€1.5b	15.5x	29.2x	0.7x
Thu, 04 Jan 2024	€45.9b	€66.6b	€1.5b	17.5x	29.7x	0.7x
Sat, 02 Dec 2023	€43.0b	€66.6b	€1.5b	15.7x	27.8x	0.6x
Mon, 30 Oct 2023	€38.0b	€66.5b	€1.5b	13x	26.1x	0.6x
Wed, 27 Sep 2023	€39.4b	€66.5b	€1.5b	13.7x	27.1x	0.6x
Fri, 25 Aug 2023	€38.6b	€66.5b	€1.5b	14.5x	26.5x	0.6x
Sun, 23 Jul 2023	€39.0b	€64.6b	€1.2b	16.2x	32.1x	0.6x
Tue, 20 Jun 2023	€37.3b	€64.6b	€1.2b	13.3x	30.7x	0.6x
Thu, 18 May 2023	€37.0b	€64.2b	€1.2b	13.9x	31x	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 43.1x which is higher than its 3-year average PE of 24.4x.

The 3-year average PS ratio of 0.76x is lower than the industry's current PS ratio of 1.2x.

Past Earnings Growth

The earnings for companies in the Construction industry have grown 19% per year over the last three years.
Revenues for these companies have grown 4.8% 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	0.40%
Industrials	4.25%
Construction	6.10%
Construction and Engineering	6.10%

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?

Company	Last Price	7D	1Y	Valuation
ACS ACS Actividades de Construcción y Servicios	€136.00	11.7% +€3.7b	142.4%	PE37.2x
FER Ferrovial	€59.76	2.6% +€1.1b	37.9%	PE49.6x
ENO Elecnor	€39.35	4.7% +€148.2m	96.3%	PE30.1x
SCYR Sacyr	€4.76	3.2% +€118.4m	41.3%	PE39.4x
OHLA Obrascón Huarte Lain	€0.47	5.6% +€34.0m	44.8%	PE369.2x

New major risk - Revenue and earnings growth

Earnings have declined by 7.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.6% average weekly change). Negative equity (-€288m). Earnings have declined by 7.7% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€38.2m market cap, or US$44.0m).

Spanish (IBEX) Construction Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Ferrovial Sees Q1 Revenue Growth With North American Toll Roads and JFK Milestone

New major risk - Revenue and earnings growth

New minor risk - Share price stability

First quarter 2026 earnings released

ACS, Actividades de Construcción y Servicios, S.A. to Report Q1, 2026 Results on May 12, 2026

New major risk - Revenue and earnings growth

Now 20% overvalued after recent price rise

New major risk - Share price stability

Now 23% overvalued after recent price rise

Airtificial Intelligence Structures, S.A., Annual General Meeting, Jun 26, 2025