Narrative Update • Apr 30
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Spanish (IBEX) Tech Sector Analysis
UpdatedMay 09, 2026
DataAggregated Company Financials
Companies21
- 7D2.8%
- 3M2.1%
- 1Y49.4%
- YTD0.7%
In the last week, the Tech industry is up 2.8%, with Indra Sistemas up 3.5%. This takes the industry's 12 month performance to a gain of 49%. Earnings are forecast to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Sun, 10 May 2026 | €11.4b | €7.8b | €471.9m | 21.7x | 24.2x | 1.5x |
| Tue, 07 Apr 2026 | €11.1b | €7.7b | €475.7m | 25.2x | 23.4x | 1.4x |
| Thu, 05 Mar 2026 | €13.8b | €7.8b | €483.1m | 27x | 28.5x | 1.8x |
| Sat, 31 Jan 2026 | €12.2b | €7.5b | €442.9m | 23.1x | 27.5x | 1.6x |
| Mon, 29 Dec 2025 | €10.8b | €7.7b | €450.2m | 21.7x | 24x | 1.4x |
| Wed, 26 Nov 2025 | €10.1b | €7.7b | €450.0m | 22.8x | 22.5x | 1.3x |
| Fri, 24 Oct 2025 | €10.2b | €7.6b | €442.4m | 27.7x | 23.1x | 1.3x |
| Sun, 21 Sep 2025 | €8.8b | €7.6b | €440.6m | 23.4x | 20.1x | 1.2x |
| Tue, 19 Aug 2025 | €8.5b | €7.5b | €444.4m | 28x | 19.1x | 1.1x |
| Thu, 17 Jul 2025 | €9.0b | €7.5b | €350.5m | 26.1x | 25.7x | 1.2x |
| Sat, 14 Jun 2025 | €8.6b | €7.5b | €350.1m | 26x | 24.6x | 1.1x |
| Mon, 12 May 2025 | €7.4b | €7.5b | €333.0m | 24.9x | 22.2x | 1x |
| Wed, 09 Apr 2025 | €6.5b | €7.5b | €339.8m | 30.2x | 19.2x | 0.9x |
| Fri, 07 Mar 2025 | €6.6b | €6.3b | €283.2m | 24.4x | 23.2x | 1x |
| Sun, 02 Feb 2025 | €5.3b | €7.3b | €301.1m | 20.9x | 17.5x | 0.7x |
| Tue, 31 Dec 2024 | €4.9b | €7.3b | €301.1m | 20.5x | 16.3x | 0.7x |
| Thu, 28 Nov 2024 | €4.8b | €7.3b | €301.1m | 20.9x | 16x | 0.7x |
| Sat, 26 Oct 2024 | €4.9b | €7.2b | €285.1m | 20.1x | 17.3x | 0.7x |
| Mon, 23 Sep 2024 | €4.8b | €7.2b | €287.4m | 20.6x | 16.9x | 0.7x |
| Wed, 21 Aug 2024 | €4.9b | €7.2b | €287.4m | 21.3x | 16.9x | 0.7x |
| Fri, 19 Jul 2024 | €5.5b | €7.1b | €285.8m | 21.7x | 19.2x | 0.8x |
| Sun, 16 Jun 2024 | €5.6b | €7.0b | €284.9m | 27.2x | 19.6x | 0.8x |
| Tue, 14 May 2024 | €5.5b | €6.8b | €279.6m | 21.4x | 19.6x | 0.8x |
| Thu, 11 Apr 2024 | €5.2b | €6.7b | €262.5m | 22.4x | 19.9x | 0.8x |
| Sat, 09 Mar 2024 | €5.1b | €6.7b | €261.0m | 22.9x | 19.7x | 0.8x |
| Mon, 05 Feb 2024 | €4.8b | €6.5b | €256.6m | 25.7x | 18.8x | 0.7x |
| Wed, 03 Jan 2024 | €4.5b | €6.5b | €256.6m | 25.3x | 17.4x | 0.7x |
| Fri, 01 Dec 2023 | €4.5b | €6.5b | €257.9m | 24.7x | 17.5x | 0.7x |
| Sun, 29 Oct 2023 | €4.2b | €6.4b | €241.6m | 37.8x | 17.3x | 0.7x |
| Tue, 26 Sep 2023 | €4.3b | €6.3b | €239.4m | 42.3x | 18x | 0.7x |
| Thu, 24 Aug 2023 | €4.2b | €6.3b | €239.4m | 41x | 17.7x | 0.7x |
| Sat, 22 Jul 2023 | €4.2b | €6.2b | €217.0m | 40.1x | 19.3x | 0.7x |
| Mon, 19 Jun 2023 | €4.1b | €6.2b | €215.8m | 41.2x | 19x | 0.7x |
| Wed, 17 May 2023 | €4.0b | €6.1b | €215.9m | 33.3x | 18.8x | 0.7x |
Price to Earnings Ratio
18.8x
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 24.2x 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 | 0.40% | |
| Tech | 2.83% | |
| Electronic Equipment and Components | 15.91% | |
| Communications | 3.26% | |
| IT | 2.82% | |
| Software | 1.34% | |
| Semiconductors | 0% | 0 |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 140x.
- Analysts are expecting annual earnings growth of 51.1%, 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 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 15% 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 | |
|---|---|---|---|---|---|
| IDR Indra Sistemas | €50.50 | 3.5% +€296.9m | 67.4% | PE20.4x | |
| AMP Amper | €0.19 | 4.6% +€19.6m | 27.5% | PE94.5x | |
| ALC Altia Consultores | €7.05 | 0.7% +€3.4m | 25.9% | PE23x | |
| SNG Singular People | €2.14 | 2.9% +€3.2m | 9.2% | PE18.6x | |
| SCO Seresco | €6.60 | 3.9% +€2.3m | 10.9% | n/a |