Analysis Article • Jun 18
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Spanish (IBEX) Real Estate Sector Analysis
UpdatedJul 07, 2026
DataAggregated Company Financials
Companies108
- 7D-0.5%
- 3M2.7%
- 1Y13.5%
- YTD9.9%
Last week, the Real Estate industry hasn't moved much but Compañía Española de Viviendas en Alquiler is up 11% in that time. As for the the longer term, the industry is up 14% over the past 12 months. As for the next few years, earnings are expected to grow by 12% per annum.
Sector Valuation and Performance
Has the Spanish Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 07 Jul 2026 | €36.7b | €4.7b | €2.4b | 13.5x | 15x | 7.9x |
| Thu, 04 Jun 2026 | €35.8b | €5.1b | €2.5b | 16.2x | 14.2x | 7.1x |
| Sat, 02 May 2026 | €35.6b | €5.1b | €2.5b | 16.4x | 14.4x | 7x |
| Mon, 30 Mar 2026 | €34.3b | €5.0b | €2.4b | 19.4x | 14.1x | 6.8x |
| Wed, 25 Feb 2026 | €33.6b | €4.7b | €2.2b | 21.1x | 15.2x | 7.1x |
| Fri, 23 Jan 2026 | €31.8b | €4.7b | €2.2b | 21.4x | 14.3x | 6.8x |
| Sun, 21 Dec 2025 | €31.1b | €4.7b | €2.2b | 21.4x | 14x | 6.6x |
| Tue, 18 Nov 2025 | €31.4b | €4.5b | €2.2b | 21.6x | 14.1x | 6.9x |
| Thu, 16 Oct 2025 | €31.1b | €4.4b | €2.2b | 19.6x | 14.4x | 7x |
| Sat, 13 Sep 2025 | €29.6b | €4.2b | €2.0b | 21.5x | 15.2x | 7x |
| Mon, 11 Aug 2025 | €29.7b | €4.2b | €2.0b | 21.5x | 15.2x | 7.1x |
| Wed, 09 Jul 2025 | €28.2b | €4.5b | €1.3b | 21.9x | 21.8x | 6.3x |
| Fri, 06 Jun 2025 | €28.1b | €4.5b | €1.3b | 22.5x | 21.5x | 6.2x |
| Sun, 04 May 2025 | €27.6b | €4.5b | €910.2m | 25.1x | 30.3x | 6.1x |
| Tue, 01 Apr 2025 | €27.0b | €4.5b | €986.3m | 24.8x | 27.3x | 6x |
| Thu, 27 Feb 2025 | €27.6b | €4.4b | -€108,674,049.00 | 26.1x | -254.2x | 6.3x |
| Sat, 25 Jan 2025 | €27.9b | €4.5b | -€85,179,130.00 | 25.6x | -327.7x | 6.2x |
| Mon, 23 Dec 2024 | €27.2b | €4.5b | -€71,122,390.00 | 24.5x | -382.7x | 6.1x |
| Wed, 20 Nov 2024 | €27.3b | €4.5b | -€77,003,912.00 | 25.2x | -355.1x | 6.1x |
| Fri, 18 Oct 2024 | €28.3b | €4.4b | -€229,210,641.00 | 24.2x | -123.5x | 6.4x |
| Sun, 15 Sep 2024 | €28.8b | €4.4b | -€212,986,290.00 | 24x | -135x | 6.5x |
| Tue, 13 Aug 2024 | €27.3b | €4.4b | -€212,189,715.00 | 24.1x | -128.4x | 6.2x |
| Thu, 11 Jul 2024 | €25.7b | €4.3b | -€871,533,994.00 | 25.2x | -29.5x | 6x |
| Sat, 08 Jun 2024 | €25.6b | €4.3b | -€925,343,779.00 | 27.4x | -27.6x | 6x |
| Mon, 06 May 2024 | €25.5b | €4.1b | -€741,532,803.00 | 23x | -34.3x | 6.2x |
| Wed, 03 Apr 2024 | €24.6b | €4.1b | -€796,112,801.00 | 24.4x | -30.8x | 6x |
| Fri, 01 Mar 2024 | €23.7b | €4.1b | -€695,964,621.00 | 26.1x | -34.1x | 5.8x |
| Sun, 28 Jan 2024 | €25.1b | €4.0b | -€704,425,776.00 | 27.7x | -35.7x | 6.2x |
| Tue, 26 Dec 2023 | €25.5b | €4.1b | -€663,701,742.00 | 27.7x | -38.4x | 6.3x |
| Thu, 23 Nov 2023 | €24.6b | €4.0b | -€649,022,536.00 | 24.4x | -38x | 6.1x |
| Sat, 21 Oct 2023 | €23.0b | €3.9b | -€576,667,697.00 | 27.9x | -40x | 5.9x |
| Mon, 18 Sep 2023 | €23.4b | €3.9b | -€554,823,529.00 | 28x | -42.1x | 6x |
| Wed, 16 Aug 2023 | €23.2b | €3.9b | -€497,184,246.00 | 28.5x | -46.6x | 5.9x |
| Fri, 14 Jul 2023 | €23.5b | €3.9b | €728.9m | 26.2x | 32.2x | 6x |
Price to Earnings Ratio
32.2x
Current Industry PE
- Investors are pessimistic on the Spanish Real Estate 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 15.1x which is higher than its 3-year average PE of -48.5x.
- The 3-year average PS ratio of 6.4x is lower than the industry's current PS ratio of 7.9x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 50% per year over the last three years.
- Revenues for these companies have grown 5.8% 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 Real Estate sector?
| ES Market | 1.35% | |
| Real Estate | -0.53% | |
| Real Estate | 0.066% | |
| Industrial REITs | 0% | 0 |
| Retail REITs | -0.02% | |
| Office REITs | -0.31% | |
| Health Care REITs | -0.56% | |
| Residential REITs | -0.69% | |
| Hotel and Resort REITs | -0.80% | |
| REITS | -1.12% | |
Industry PE
- Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 88.0x.
- Analysts are expecting annual earnings growth of 11.1%, which is lower than the prior year's growth of 73.5% per year.
Forecasted Growth
- Analysts are most optimistic on the REITS industry, expecting annual earnings growth of 16% over the next 5 years.
- However this is lower than its past earnings growth rate of 36% per year.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| CEV Compañía Española de Viviendas en Alquiler | €11.00 | 11.1% +€25.5m | 39.2% | PE8.7x | |
| MVC Metrovacesa | €11.52 | 1.2% +€21.2m | 10.2% | PE30.7x | |
| YHTI Hotei Properties Group Socimi | €3.08 | 2.0% +€6.9m | -7.8% | PB0.9x | |
| ISUR Inmobiliaria del Sur | €16.75 | 1.5% +€4.6m | 28.8% | PE7.4x | |
| MTB Montebalito | €1.93 | 3.8% +€2.2m | 34.0% | PE17.4x |
