Analysis Article • Apr 27
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Spanish (IBEX) Machinery Industry Analysis
UpdatedMay 07, 2026
DataAggregated Company Financials
Companies7
- 7D1.3%
- 3M-7.4%
- 1Y12.0%
- YTD-5.5%
The Machinery industry is up 1.3% in the last week, with Azkoyen up 6.1%. In the last 12 months, the industry was up 12%. Earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the Spanish Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 08 May 2026 | €6.9b | €7.8b | €253.9m | 15.1x | 27.1x | 0.9x |
| Sun, 05 Apr 2026 | €6.7b | €7.8b | €254.2m | 13.2x | 26.3x | 0.9x |
| Tue, 03 Mar 2026 | €7.1b | €7.7b | €167.5m | 13.1x | 42.7x | 0.9x |
| Thu, 29 Jan 2026 | €7.6b | €7.7b | €169.5m | 12.6x | 44.6x | 1x |
| Sat, 27 Dec 2025 | €7.2b | €7.7b | €169.5m | 12.7x | 42.2x | 0.9x |
| Mon, 24 Nov 2025 | €6.9b | €7.7b | €169.5m | 11.3x | 40.7x | 0.9x |
| Wed, 22 Oct 2025 | €7.1b | €7.5b | €134.8m | 11.3x | 52.3x | 0.9x |
| Fri, 19 Sep 2025 | €7.2b | €7.6b | €213.9m | 12.7x | 33.5x | 0.9x |
| Sun, 17 Aug 2025 | €7.2b | €7.6b | €217.2m | 12.8x | 33.2x | 0.9x |
| Tue, 15 Jul 2025 | €6.6b | €7.6b | €191.8m | 13.1x | 34.6x | 0.9x |
| Thu, 12 Jun 2025 | €6.7b | €7.6b | €191.8m | 13.2x | 34.8x | 0.9x |
| Sat, 10 May 2025 | €6.3b | €7.5b | €170.0m | 13.1x | 36.9x | 0.8x |
| Mon, 07 Apr 2025 | €5.7b | €7.5b | €170.0m | 11.7x | 33.6x | 0.8x |
| Wed, 05 Mar 2025 | €6.1b | €7.5b | €168.7m | 11.6x | 36.3x | 0.8x |
| Fri, 31 Jan 2025 | €6.8b | €7.3b | €282.3m | 12.2x | 24.2x | 0.9x |
| Sun, 29 Dec 2024 | €6.4b | €7.3b | €282.3m | 12.1x | 22.8x | 0.9x |
| Tue, 26 Nov 2024 | €6.6b | €7.3b | €282.3m | 11.3x | 23.3x | 0.9x |
| Thu, 24 Oct 2024 | €6.4b | €7.3b | €284.8m | 11.8x | 22.3x | 0.9x |
| Sat, 21 Sep 2024 | €6.1b | €7.3b | €284.8m | 11.1x | 21.6x | 0.8x |
| Mon, 19 Aug 2024 | €6.1b | €7.2b | €282.0m | 11x | 21.8x | 0.8x |
| Wed, 17 Jul 2024 | €6.0b | €7.0b | €246.6m | 13.5x | 24.3x | 0.9x |
| Fri, 14 Jun 2024 | €6.3b | €7.0b | €246.6m | 12.6x | 25.6x | 0.9x |
| Sun, 12 May 2024 | €6.4b | €7.0b | €243.6m | 13x | 26.4x | 0.9x |
| Tue, 09 Apr 2024 | €5.9b | €7.0b | €247.8m | 12.6x | 23.9x | 0.8x |
| Thu, 07 Mar 2024 | €6.2b | €7.0b | €244.1m | 36.8x | 25.2x | 0.9x |
| Sat, 03 Feb 2024 | €5.8b | €6.8b | €193.0m | 19.1x | 30.1x | 0.9x |
| Mon, 01 Jan 2024 | €5.6b | €6.8b | €192.9m | 12.6x | 28.8x | 0.8x |
| Wed, 29 Nov 2023 | €5.6b | €6.8b | €194.4m | 12.5x | 28.6x | 0.8x |
| Fri, 27 Oct 2023 | €4.9b | €6.6b | €187.7m | 13.3x | 25.9x | 0.7x |
| Sun, 24 Sep 2023 | €5.4b | €6.6b | €187.8m | 20.6x | 28.8x | 0.8x |
| Tue, 22 Aug 2023 | €5.8b | €6.6b | €186.3m | 20.7x | 31x | 0.9x |
| Thu, 20 Jul 2023 | €5.1b | €6.6b | €209.0m | 19.9x | 24.6x | 0.8x |
| Sat, 17 Jun 2023 | €5.1b | €6.6b | €209.0m | 19.9x | 24.5x | 0.8x |
| Mon, 15 May 2023 | €4.9b | €6.6b | €209.0m | 19.3x | 23.2x | 0.7x |
Price to Earnings Ratio
23.2x
Current Industry PE
- Investors are relatively neutral on the Spanish Machinery industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 30.0x.
- The industry is trading close to its 3-year average PS ratio of 0.86x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 6.7% per year over the last three years.
- Revenues for these companies have grown 6.0% 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 | 2.31% | |
| Industrials | 8.06% | |
| Machinery | 1.34% | |
| Construction Machinery and Vehicles | 2.19% | |
| Industrial Machinery | 0.83% | |
Industry PE
- Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 5.9x.
- Analysts are expecting annual earnings growth of 29.9%, which is lower than the prior year's growth of 41.6% per year.
- Investors are most pessimistic about the Industrial Machinery industry, which is trading below its 3-year average of 27.5x.
Forecasted Growth
- Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 30% over the next 5 years.
- However this is lower than its past earnings growth rate of 42% per year.
- In contrast, the Industrial Machinery industry is expected to see its earnings grow by 15% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AZK Azkoyen | €11.30 | 6.1% +€15.8m | 39.5% | PE15.9x | |
| CAF Construcciones y Auxiliar de Ferrocarriles | €64.10 | 0.2% +€3.4m | 44.0% | PE15x | |
| NBI NBI Bearings Europe | €2.96 | 2.1% +€729.2k | -13.5% | PS0.7x |