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Spanish (IBEX) Real Estate Sector Analysis
UpdatedJan 15, 2026
DataAggregated Company Financials
Companies105
- 7D-0.8%
- 3M-0.06%
- 1Y6.5%
- YTD0.7%
The Real Estate is pretty flat in the last 7 days, but Realia Business has stood out, gaining 4.5%. The past year has been better, since the industry has gained 6.5% in that time. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 15 Jan 2026 | €32.0b | €4.7b | €2.2b | 21.4x | 14.4x | 6.8x |
| Sat, 13 Dec 2025 | €31.1b | €4.7b | €2.2b | 21.4x | 14.1x | 6.6x |
| Mon, 10 Nov 2025 | €31.8b | €4.5b | €2.2b | 21.5x | 14.2x | 7x |
| Wed, 08 Oct 2025 | €30.9b | €4.4b | €2.1b | 21.4x | 14.5x | 7x |
| Fri, 05 Sep 2025 | €29.3b | €4.2b | €2.0b | 21.7x | 15x | 6.9x |
| Sun, 03 Aug 2025 | €29.1b | €4.2b | €1.9b | 21.5x | 14.9x | 7x |
| Tue, 01 Jul 2025 | €28.3b | €4.5b | €1.3b | 22.6x | 21.5x | 6.2x |
| Thu, 29 May 2025 | €28.0b | €4.6b | €1.3b | 23.6x | 21.8x | 6.1x |
| Sat, 26 Apr 2025 | €27.3b | €4.5b | €907.6m | 24.3x | 30x | 6.1x |
| Mon, 24 Mar 2025 | €27.1b | €4.5b | €961.5m | 25.3x | 28.2x | 6x |
| Wed, 19 Feb 2025 | €27.6b | €4.4b | -€103,495,357.00 | 25x | -266.3x | 6.3x |
| Fri, 17 Jan 2025 | €27.8b | €4.5b | -€85,179,130.00 | 25.6x | -326.7x | 6.2x |
| Sun, 15 Dec 2024 | €27.4b | €4.5b | -€71,122,390.00 | 24.5x | -384.7x | 6.1x |
| Tue, 12 Nov 2024 | €27.5b | €4.6b | -€127,411,834.00 | 25.6x | -215.7x | 6x |
| Thu, 10 Oct 2024 | €28.3b | €4.4b | -€227,172,766.00 | 25.2x | -124.5x | 6.4x |
| Sat, 07 Sep 2024 | €28.4b | €4.4b | -€219,374,290.00 | 24x | -129.5x | 6.4x |
| Mon, 05 Aug 2024 | €27.2b | €4.4b | -€224,376,715.00 | 25.9x | -121x | 6.1x |
| Wed, 03 Jul 2024 | €25.5b | €4.3b | -€871,533,994.00 | 25.2x | -29.3x | 5.9x |
| Fri, 31 May 2024 | €25.6b | €4.1b | -€911,809,190.00 | 26.1x | -28.1x | 6.2x |
| Sun, 28 Apr 2024 | €25.3b | €4.1b | -€820,410,465.00 | 24.9x | -30.8x | 6.2x |
| Tue, 26 Mar 2024 | €24.5b | €4.1b | -€800,411,697.00 | 26.1x | -30.6x | 5.9x |
| Thu, 22 Feb 2024 | €24.0b | €4.0b | -€746,726,836.00 | 27.7x | -32.1x | 6x |
| Sat, 20 Jan 2024 | €24.9b | €4.0b | -€703,160,774.00 | 27.7x | -35.5x | 6.2x |
| Mon, 18 Dec 2023 | €25.5b | €4.1b | -€663,701,742.00 | 27.7x | -38.4x | 6.3x |
| Wed, 15 Nov 2023 | €24.5b | €4.0b | -€635,511,224.00 | 26.2x | -38.6x | 6.1x |
| Fri, 13 Oct 2023 | €23.3b | €3.9b | -€576,667,697.00 | 27.9x | -40.4x | 6x |
| Sun, 10 Sep 2023 | €23.4b | €3.9b | -€536,325,529.00 | 28x | -43.6x | 6x |
| Tue, 08 Aug 2023 | €23.5b | €3.9b | -€447,550,537.00 | 28.8x | -52.4x | 6x |
| Thu, 06 Jul 2023 | €23.5b | €3.9b | €771.8m | 28.5x | 30.5x | 6.1x |
| Sat, 03 Jun 2023 | €22.9b | €3.8b | €902.6m | 20.1x | 25.4x | 6.1x |
| Mon, 01 May 2023 | €22.8b | €3.6b | €821.0m | 20x | 27.8x | 6.3x |
| Wed, 29 Mar 2023 | €22.5b | €3.6b | €791.4m | 24.2x | 28.4x | 6.3x |
| Fri, 24 Feb 2023 | €24.0b | €3.6b | €2.3b | 17.8x | 10.5x | 6.6x |
| Sun, 22 Jan 2023 | €23.7b | €3.6b | €2.4b | 17.6x | 10.1x | 6.5x |
Price to Earnings Ratio
10.1x
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 Market | 0.50% | |
| Real Estate | -0.84% | |
| Real Estate | 1.92% | |
| Hotel and Resort REITs | 0.50% | |
| Retail REITs | 0.084% | |
| Residential REITs | 0% | 0 |
| Health Care REITs | 0% | 0 |
| Industrial REITs | -0.16% | |
| REITS | -2.20% | |
| Office REITs | -2.81% | |
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 17.3%, 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RLIA Realia Business | €1.05 | 4.5% +€67.9m | 4.5% | PE35.2x | |
| MVC Metrovacesa | €10.05 | 3.0% +€44.0m | 14.5% | PS2.7x | |
| YHTI Hotei Properties Group Socimi | €2.90 | 3.6% +€11.6m | 5.1% | PB0.6x | |
| ARM Árima Real Estate SOCIMI | €8.95 | 3.5% +€9.5m | 4.6% | PB1.1x | |
| YCPS Castellana Properties Socimi | €7.40 | 0.7% +€6.4m | 6.5% | PB1x |
