Narrative Update • Jun 14
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Spanish (IBEX) Tech Sector Analysis
UpdatedJun 23, 2026
DataAggregated Company Financials
Companies21
- 7D-2.2%
- 3M12.5%
- 1Y43.4%
- YTD5.1%
Over the last 7 days, the Tech industry has dropped 2.2%, driven by Indra Sistemas declining 2.4%. Over the past 12 months, the industry was up 43%. Looking forward, earnings are forecast to grow by 18% annually.
Sector Valuation and Performance
Has the Spanish Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Jun 2026 | €11.9b | €8.2b | €508.0m | 21.2x | 23.5x | 1.4x |
| Thu, 21 May 2026 | €11.7b | €8.0b | €497.0m | 23.3x | 23.5x | 1.5x |
| Sat, 18 Apr 2026 | €12.2b | €7.7b | €466.3m | 26.6x | 26.2x | 1.6x |
| Mon, 16 Mar 2026 | €12.8b | €7.7b | €477.3m | 25.8x | 26.8x | 1.7x |
| Wed, 11 Feb 2026 | €11.3b | €7.5b | €442.9m | 21.9x | 25.6x | 1.5x |
| Fri, 09 Jan 2026 | €12.6b | €7.5b | €442.9m | 23.7x | 28.5x | 1.7x |
| Sun, 07 Dec 2025 | €10.7b | €7.7b | €450.0m | 23.9x | 23.8x | 1.4x |
| Tue, 04 Nov 2025 | €11.3b | €7.7b | €450.0m | 26.6x | 25.1x | 1.5x |
| Thu, 02 Oct 2025 | €9.0b | €7.5b | €442.6m | 25.2x | 20.4x | 1.2x |
| Sat, 30 Aug 2025 | €8.4b | €7.5b | €444.4m | 27.2x | 19x | 1.1x |
| Mon, 28 Jul 2025 | €8.8b | €7.6b | €437.9m | 27.8x | 20.2x | 1.2x |
| Wed, 25 Jun 2025 | €8.0b | €7.5b | €350.5m | 23.4x | 22.9x | 1.1x |
| Fri, 23 May 2025 | €8.0b | €7.5b | €349.7m | 24x | 22.9x | 1.1x |
| Sun, 20 Apr 2025 | €6.9b | €7.5b | €340.1m | 30.2x | 20.2x | 0.9x |
| Tue, 18 Mar 2025 | €6.6b | €6.3b | €290.8m | 30.4x | 22.6x | 1x |
| Thu, 13 Feb 2025 | €5.0b | €7.3b | €301.1m | 21.1x | 16.5x | 0.7x |
| Sat, 11 Jan 2025 | €5.1b | €7.3b | €301.1m | 20x | 17x | 0.7x |
| Mon, 09 Dec 2024 | €5.0b | €7.3b | €301.1m | 21.8x | 16.6x | 0.7x |
| Wed, 06 Nov 2024 | €4.8b | €7.3b | €295.8m | 24.6x | 16.3x | 0.7x |
| Fri, 04 Oct 2024 | €5.0b | €7.2b | €286.5m | 21.5x | 17.4x | 0.7x |
| Sun, 01 Sep 2024 | €5.0b | €7.2b | €287.4m | 21.1x | 17.3x | 0.7x |
| Tue, 30 Jul 2024 | €5.4b | €7.1b | €285.4m | 22.5x | 18.9x | 0.8x |
| Thu, 27 Jun 2024 | €5.5b | €7.0b | €285.1m | 26.4x | 19.2x | 0.8x |
| Sat, 25 May 2024 | €5.7b | €6.8b | €279.6m | 22.7x | 20.2x | 0.8x |
| Mon, 22 Apr 2024 | €5.0b | €6.6b | €268.1m | 22.9x | 18.7x | 0.8x |
| Wed, 20 Mar 2024 | €5.3b | €6.7b | €259.0m | 23.9x | 20.3x | 0.8x |
| Fri, 16 Feb 2024 | €4.8b | €6.5b | €256.6m | 25.8x | 18.6x | 0.7x |
| Sun, 14 Jan 2024 | €4.7b | €6.5b | €256.6m | 27.1x | 18.3x | 0.7x |
| Tue, 12 Dec 2023 | €4.4b | €6.5b | €257.9m | 25.4x | 17.2x | 0.7x |
| Thu, 09 Nov 2023 | €4.3b | €6.5b | €249.5m | 29.1x | 17.2x | 0.7x |
| Sat, 07 Oct 2023 | €4.2b | €6.3b | €239.5m | 36.9x | 17.7x | 0.7x |
| Mon, 04 Sep 2023 | €4.3b | €6.3b | €239.4m | 41.2x | 17.9x | 0.7x |
| Wed, 02 Aug 2023 | €4.3b | €6.3b | €239.4m | 44.1x | 18x | 0.7x |
| Fri, 30 Jun 2023 | €4.0b | €6.2b | €215.8m | 39.1x | 18.6x | 0.6x |
Price to Earnings Ratio
18.6x
Current Industry PE
- Investors are optimistic on the Spanish Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 23.5x which is higher than its 3-year average PE of 20.4x.
- The 3-year average PS ratio of 0.97x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 33% per year over the last three years.
- Revenues for these companies have grown 10% 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 Tech sector?
| ES Market | 2.09% | |
| Tech | -2.22% | |
| Software | 1.27% | |
| Semiconductors | 0% | 0 |
| Communications | -2.07% | |
| IT | -2.27% | |
| Electronic Equipment and Components | -3.85% | |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 152x.
- Analysts are expecting annual earnings growth of 51.1%, which is higher than its past year's earnings growth of 18.2% per year.
- Investors are most pessimistic about the Electronic Equipment and Components industry, which is trading below its 3-year average of 78.4x.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 51% over the next 5 years.
- This is better than its past earnings growth rate of 18% per year.
- In contrast, the IT industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| SCO Seresco | €6.10 | 1.7% +€910.3k | -25.6% | n/a | |
| FACE Facephi Biometria | €2.04 | 1.0% +€528.9k | -24.2% | PE169.5x | |
| OPTS Optare Solutions | €7.30 | 1.4% +€352.4k | -9.3% | n/a | |
| RDG Redegal | €0.77 | 2.0% +€326.7k | -10.0% | n/a | |
| 480S Soluciones Cuatroochenta | €17.10 | 0.6% +€273.2k | -2.3% | n/a |