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Spanish (IBEX) Tech Sector Analysis

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies21
  • 7D2.8%
  • 3M8.6%
  • 1Y56.8%
  • YTD3.4%

The Tech industry is up 2.8% in the last week, with Indra Sistemas up 9.3%. This means that the industry has gained 57% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.

Sector Valuation and Performance

Has the Spanish Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 07 May 2026€11.7b€7.8b€471.9m22x24.9x1.5x
Sat, 04 Apr 2026€11.1b€7.7b€475.7m25.2x23.4x1.4x
Mon, 02 Mar 2026€13.5b€7.9b€495.0m22.9x27.3x1.7x
Wed, 28 Jan 2026€12.2b€7.5b€442.9m23.6x27.5x1.6x
Fri, 26 Dec 2025€10.8b€7.7b€450.2m21.7x24x1.4x
Sun, 23 Nov 2025€10.2b€7.7b€450.0m22.6x22.8x1.3x
Tue, 21 Oct 2025€9.8b€7.5b€442.0m27.8x22.3x1.3x
Thu, 18 Sep 2025€8.5b€7.6b€440.6m23.6x19.2x1.1x
Sat, 16 Aug 2025€8.4b€7.5b€444.4m28x18.8x1.1x
Mon, 14 Jul 2025€9.0b€7.5b€350.5m24.7x25.6x1.2x
Wed, 11 Jun 2025€8.2b€7.5b€350.1m25.6x23.6x1.1x
Fri, 09 May 2025€7.4b€7.5b€333.0m24.9x22.2x1x
Sun, 06 Apr 2025€6.7b€7.4b€339.7m30.6x19.6x0.9x
Tue, 04 Mar 2025€6.0b€7.5b€332.9m22.9x18.2x0.8x
Thu, 30 Jan 2025€5.3b€7.3b€301.1m21.3x17.5x0.7x
Sat, 28 Dec 2024€4.9b€7.3b€301.1m20.5x16.3x0.7x
Mon, 25 Nov 2024€4.8b€7.3b€301.1m21.8x16.1x0.7x
Wed, 23 Oct 2024€5.1b€7.2b€284.2m20.6x17.8x0.7x
Fri, 20 Sep 2024€4.9b€7.2b€287.4m21.4x17.1x0.7x
Sun, 18 Aug 2024€4.9b€7.2b€287.4m21.3x17x0.7x
Tue, 16 Jul 2024€5.4b€7.1b€285.8m21.8x18.8x0.8x
Thu, 13 Jun 2024€5.7b€7.0b€284.9m27.2x20.1x0.8x
Sat, 11 May 2024€5.5b€6.8b€279.6m21.8x19.7x0.8x
Mon, 08 Apr 2024€5.3b€6.7b€260.3m22.4x20.2x0.8x
Wed, 06 Mar 2024€5.0b€6.7b€261.0m21.9x19.3x0.8x
Fri, 02 Feb 2024€4.9b€6.5b€256.6m25.6x19x0.7x
Sun, 31 Dec 2023€4.4b€6.5b€256.6m25.1x17.3x0.7x
Tue, 28 Nov 2023€4.5b€6.5b€257.9m24.7x17.5x0.7x
Thu, 26 Oct 2023€4.2b€6.4b€241.6m37.4x17.5x0.7x
Sat, 23 Sep 2023€4.3b€6.3b€239.4m43x18.1x0.7x
Mon, 21 Aug 2023€4.3b€6.3b€239.4m43x17.9x0.7x
Wed, 19 Jul 2023€4.1b€6.2b€217.0m41x19x0.7x
Fri, 16 Jun 2023€4.1b€6.2b€215.8m39.4x18.8x0.7x
Sun, 14 May 2023€4.0b€6.1b€215.9m33.3x18.7x0.7x
Price to Earnings Ratio

18.7x


Total Market Cap: €4.0bTotal Earnings: €215.9mTotal Revenue: €6.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Tech Sector Price to Earnings3Y Average 20.2x202420252026
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 24.9x which is higher than its 3-year average PE of 20.2x.
  • The 3-year average PS ratio of 0.93x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 30% per year over the last three years.
  • Revenues for these companies have grown 8.2% 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-0.76%
Tech2.83%
Electronic Equipment and Components4.55%
Software3.72%
IT2.98%
Semiconductors0%0
Communications-0.88%
Industry PE
  • Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 139x.
    • Analysts are expecting annual earnings growth of 48.6%, which is higher than its past year's earnings growth of 18.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 49% 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 15% 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
IDR Indra Sistemas€53.729.3%
+€802.8m
79.9%PE21.7x
ALC Altia Consultores€7.202.9%
+€13.7m
28.6%PE23.5x
480S Soluciones Cuatroochenta€17.0012.6%
+€5.2m
10.4%n/a
DOM Global Dominion Access€3.330.9%
+€4.5m
9.5%PE30.3x
SNG Singular People€2.153.9%
+€4.2m
8.6%PE18.7x

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