Header cover image

Spanish (IBEX) Real Estate Sector Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies105
  • 7D-0.3%
  • 3M0.5%
  • 1Y7.9%
  • YTD0.5%

In the last week, Real Estate has been flat. As for the the longer term, the industry is up 7.9% over the past 12 months. Looking forward, earnings are forecast to grow by 3.6% annually.

Sector Valuation and Performance

Has the Spanish Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026€31.9b€4.7b€2.2b21.4x14.4x6.8x
Sat, 13 Dec 2025€31.1b€4.7b€2.2b21.4x14.1x6.6x
Mon, 10 Nov 2025€31.8b€4.5b€2.2b21.5x14.2x7x
Wed, 08 Oct 2025€30.9b€4.4b€2.1b21.4x14.5x7x
Fri, 05 Sep 2025€29.3b€4.2b€2.0b21.7x15x6.9x
Sun, 03 Aug 2025€29.1b€4.2b€1.9b21.5x14.9x7x
Tue, 01 Jul 2025€28.3b€4.5b€1.3b22.6x21.5x6.2x
Thu, 29 May 2025€28.0b€4.6b€1.3b23.6x21.8x6.1x
Sat, 26 Apr 2025€27.3b€4.5b€907.6m24.3x30x6.1x
Mon, 24 Mar 2025€27.1b€4.5b€961.5m25.3x28.2x6x
Wed, 19 Feb 2025€27.6b€4.4b-€103,495,357.0025x-266.3x6.3x
Fri, 17 Jan 2025€27.8b€4.5b-€85,179,130.0025.6x-326.7x6.2x
Sun, 15 Dec 2024€27.4b€4.5b-€71,122,390.0024.5x-384.7x6.1x
Tue, 12 Nov 2024€27.5b€4.6b-€127,411,834.0025.6x-215.7x6x
Thu, 10 Oct 2024€28.3b€4.4b-€227,172,766.0025.2x-124.5x6.4x
Sat, 07 Sep 2024€28.4b€4.4b-€219,374,290.0024x-129.5x6.4x
Mon, 05 Aug 2024€27.2b€4.4b-€224,376,715.0025.9x-121x6.1x
Wed, 03 Jul 2024€25.5b€4.3b-€871,533,994.0025.2x-29.3x5.9x
Fri, 31 May 2024€25.6b€4.1b-€911,809,190.0026.1x-28.1x6.2x
Sun, 28 Apr 2024€25.3b€4.1b-€820,410,465.0024.9x-30.8x6.2x
Tue, 26 Mar 2024€24.5b€4.1b-€800,411,697.0026.1x-30.6x5.9x
Thu, 22 Feb 2024€24.0b€4.0b-€746,726,836.0027.7x-32.1x6x
Sat, 20 Jan 2024€24.9b€4.0b-€703,160,774.0027.7x-35.5x6.2x
Mon, 18 Dec 2023€25.5b€4.1b-€663,701,742.0027.7x-38.4x6.3x
Wed, 15 Nov 2023€24.5b€4.0b-€635,511,224.0026.2x-38.6x6.1x
Fri, 13 Oct 2023€23.3b€3.9b-€576,667,697.0027.9x-40.4x6x
Sun, 10 Sep 2023€23.4b€3.9b-€536,325,529.0028x-43.6x6x
Tue, 08 Aug 2023€23.5b€3.9b-€447,550,537.0028.8x-52.4x6x
Thu, 06 Jul 2023€23.5b€3.9b€771.8m28.5x30.5x6.1x
Sat, 03 Jun 2023€22.9b€3.8b€902.6m20.1x25.4x6.1x
Mon, 01 May 2023€22.8b€3.6b€821.0m20x27.8x6.3x
Wed, 29 Mar 2023€22.5b€3.6b€791.4m24.2x28.4x6.3x
Fri, 24 Feb 2023€24.0b€3.6b€2.3b17.8x10.5x6.6x
Sun, 22 Jan 2023€23.7b€3.6b€2.4b17.6x10.1x6.5x
Price to Earnings Ratio

10.1x


Total Market Cap: €23.7bTotal Earnings: €2.4bTotal Revenue: €3.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Real Estate Sector Price to Earnings3Y Average -47.3x202420252026
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 14.4x which is higher than its 3-year average PE of -47.3x.
  • The industry is trading close to its 3-year average PS ratio of 6.3x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 9.1% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Spanish Real Estate sector?

ES Market0.26%
Real Estate-0.29%
Real Estate1.28%
Hotel and Resort REITs0.39%
Retail REITs0.084%
Health Care REITs0%0
Residential REITs-0.13%
Industrial REITs-0.16%
REITS-0.58%
Office REITs-2.02%
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 88.6x.
    • Analysts are expecting annual earnings growth of 17.1%, which is lower than the prior year's growth of 25.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 25% per year.
  • In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 26% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
RLIA Realia Business€1.054.5%
+€67.9m
4.5%PE35.2x
MVC Metrovacesa€10.053.0%
+€44.0m
14.5%PS2.7x
YHTI Hotei Properties Group Socimi€2.903.6%
+€11.6m
5.1%PB0.6x
ARM Árima Real Estate SOCIMI€8.953.5%
+€9.5m
4.6%PB1.1x
YCPS Castellana Properties Socimi€7.400.7%
+€6.4m
6.5%PB1x

Latest News