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Spanish (IBEX) Tech Sector Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies22
  • 7D-0.8%
  • 3M6.5%
  • 1Y127.5%
  • YTD7.1%

Over the last 7 days, the Tech industry has remained flat, although notably Indra Sistemas declined by 9.3%. As for the the longer term, the industry is up 127% over the past 12 months. Looking forward, earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026€12.2b€7.5b€442.9m23x27.4x1.6x
Fri, 02 Jan 2026€11.0b€7.5b€442.9m22x24.9x1.5x
Sun, 30 Nov 2025€10.5b€7.7b€450.0m21.7x23.3x1.4x
Tue, 28 Oct 2025€11.1b€7.6b€442.4m26.4x25.1x1.5x
Thu, 25 Sep 2025€9.4b€7.5b€440.0m25.6x21.3x1.2x
Sat, 23 Aug 2025€8.3b€7.5b€444.4m27.4x18.8x1.1x
Mon, 21 Jul 2025€9.2b€7.5b€350.5m27.8x26.1x1.2x
Wed, 18 Jun 2025€8.5b€7.5b€350.1m26x24.4x1.1x
Fri, 16 May 2025€7.5b€7.5b€333.6m24.7x22.6x1x
Sun, 13 Apr 2025€6.6b€7.5b€340.1m30.4x19.5x0.9x
Tue, 11 Mar 2025€6.4b€6.3b€283.2m24.4x22.5x1x
Thu, 06 Feb 2025€5.0b€7.3b€301.1m21.3x16.6x0.7x
Sat, 04 Jan 2025€5.1b€7.3b€301.1m20.5x16.8x0.7x
Mon, 02 Dec 2024€4.9b€7.3b€301.1m21.5x16.2x0.7x
Wed, 30 Oct 2024€4.9b€7.2b€285.1m20x17.3x0.7x
Fri, 27 Sep 2024€4.9b€7.2b€287.4m21.1x17.1x0.7x
Sun, 25 Aug 2024€4.9b€7.2b€287.4m21.3x17.1x0.7x
Tue, 23 Jul 2024€5.5b€7.1b€285.8m22.2x19.4x0.8x
Thu, 20 Jun 2024€5.6b€7.0b€284.9m26.6x19.8x0.8x
Sat, 18 May 2024€5.6b€6.8b€279.6m21.2x20.1x0.8x
Mon, 15 Apr 2024€5.2b€6.7b€262.0m22.8x20x0.8x
Wed, 13 Mar 2024€5.1b€6.7b€259.0m22.9x19.8x0.8x
Fri, 09 Feb 2024€4.8b€6.5b€256.6m26.1x18.8x0.7x
Sun, 07 Jan 2024€4.5b€6.5b€256.6m26.1x17.4x0.7x
Tue, 05 Dec 2023€4.5b€6.5b€257.9m25.5x17.6x0.7x
Thu, 02 Nov 2023€4.2b€6.4b€241.6m37.8x17.5x0.7x
Sat, 30 Sep 2023€4.3b€6.3b€239.4m42.8x18x0.7x
Mon, 28 Aug 2023€4.2b€6.3b€239.4m41x17.7x0.7x
Wed, 26 Jul 2023€4.2b€6.2b€220.5m41.7x18.8x0.7x
Fri, 23 Jun 2023€4.0b€6.2b€215.8m38.1x18.5x0.6x
Sun, 21 May 2023€4.1b€6.1b€215.9m34.5x19x0.7x
Tue, 18 Apr 2023€4.2b€6.0b€203.2m49x20.7x0.7x
Thu, 16 Mar 2023€30.2b€10.5b€868.6m32.7x34.8x2.9x
Sat, 11 Feb 2023€30.4b€9.9b€683.7m25.5x44.5x3.1x
Price to Earnings Ratio

44.5x


Total Market Cap: €30.4bTotal Earnings: €683.7mTotal Revenue: €9.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Tech Sector Price to Earnings3Y Average 20.5x202420252026
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 27.4x which is higher than its 3-year average PE of 20.5x.
  • The 3-year average PS ratio of 0.95x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 13% per year over the last three years,
  • Revenues have also declined 8.8% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Spanish Tech sector?

ES Market2.15%
Tech-0.85%
Software3.25%
Electronic Equipment and Components0.33%
Semiconductors0%0
IT-0.86%
Communications-2.04%
Industry PE
  • Investors are most optimistic about the Communications industry even though it's trading below its 3-year average PE ratio of 127x.
    • Analysts are expecting annual earnings growth of 34.5% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 73% over the next 5 years.
  • 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
IZER izertis€9.60-6.8%
€33.2m
0.2%PE61.1x
DOM Global Dominion Access€3.411.6%
+€8.2m
10.9%PE18x
ALC Altia Consultores€7.100.7%
+€3.4m
56.4%PE31.6x
FACE Facephi Biometria€2.433.8%
+€2.4m
9.0%PS1.9x
GIGA Gigas Hosting€3.843.8%
+€1.8m
-35.5%PS0.6x

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