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Spanish (IBEX) Tech Sector Analysis

UpdatedAug 15, 2025
DataAggregated Company Financials
Companies21
  • 7D-1.3%
  • 3M9.9%
  • 1Y69.7%
  • YTD67.1%

Over the last 7 days, the Tech industry has dropped 4.0%, driven by a pullback from Indra Sistemas of 5.5%. This takes the industry's 12 month performance to a gain of 69%. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 15 Aug 2025€8.5b€7.5b€444.4m28x19.1x1.1x
Sun, 13 Jul 2025€9.0b€7.5b€350.5m24.7x25.6x1.2x
Tue, 10 Jun 2025€8.4b€7.5b€350.1m25.4x24x1.1x
Thu, 08 May 2025€7.4b€7.5b€333.0m24.9x22.1x1x
Sat, 05 Apr 2025€6.7b€7.4b€339.7m30.6x19.6x0.9x
Mon, 03 Mar 2025€5.7b€7.5b€332.9m23x17x0.8x
Wed, 29 Jan 2025€5.3b€7.3b€301.1m21.3x17.5x0.7x
Fri, 27 Dec 2024€4.9b€7.3b€301.1m20.1x16.1x0.7x
Sun, 24 Nov 2024€4.8b€7.3b€301.1m21.8x16.1x0.7x
Tue, 22 Oct 2024€5.0b€7.2b€285.8m21x17.4x0.7x
Thu, 19 Sep 2024€4.8b€7.2b€287.4m20.7x16.7x0.7x
Sat, 17 Aug 2024€4.9b€7.2b€287.4m21.3x17x0.7x
Mon, 15 Jul 2024€5.4b€7.1b€285.8m22.2x18.9x0.8x
Wed, 12 Jun 2024€5.7b€6.8b€277.8m22.4x20.6x0.8x
Fri, 10 May 2024€5.5b€6.8b€279.6m21.5x19.6x0.8x
Sun, 07 Apr 2024€5.3b€6.7b€260.3m22.4x20.2x0.8x
Tue, 05 Mar 2024€5.1b€6.7b€261.0m23.1x19.5x0.8x
Thu, 01 Feb 2024€4.9b€6.5b€256.6m26.7x19.2x0.8x
Sat, 30 Dec 2023€4.4b€6.5b€257.6m21.3x17.2x0.7x
Mon, 27 Nov 2023€4.5b€6.5b€257.9m24.8x17.5x0.7x
Wed, 25 Oct 2023€4.2b€6.4b€241.6m37.6x17.4x0.7x
Fri, 22 Sep 2023€4.4b€6.3b€239.4m44.1x18.2x0.7x
Sun, 20 Aug 2023€4.3b€6.3b€239.4m43x17.9x0.7x
Tue, 18 Jul 2023€4.1b€6.2b€217.0m40.9x18.8x0.7x
Thu, 15 Jun 2023€4.1b€6.2b€215.8m38.1x18.9x0.7x
Sat, 13 May 2023€4.0b€6.1b€214.9m38x18.8x0.7x
Mon, 10 Apr 2023€4.3b€6.0b€204.2m49.4x21x0.7x
Wed, 08 Mar 2023€31.6b€10.5b€868.6m33.3x36.3x3x
Fri, 03 Feb 2023€31.6b€9.9b€685.6m34.1x46x3.2x
Sun, 01 Jan 2023€26.2b€9.9b€685.1m25.9x38.3x2.6x
Tue, 29 Nov 2022€26.5b€9.9b€686.0m24.8x38.7x2.7x
Thu, 27 Oct 2022€26.9b€9.3b€530.6m20.9x50.8x2.9x
Sat, 24 Sep 2022€24.0b€9.2b€530.8m21.7x45.3x2.6x
Mon, 22 Aug 2022€28.6b€9.2b€530.8m24.1x53.9x3.1x
Price to Earnings Ratio

53.9x


Total Market Cap: €28.6bTotal Earnings: €530.8mTotal Revenue: €9.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Tech Sector Price to Earnings3Y Average 24x202320242025
Current Industry PE
  • Investors are pessimistic on the Spanish Information Technology 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 19.0x which is lower than its 3-year average PE of 24.0x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 5.8% per year over the last three years,
  • Revenues have also declined 6.4% 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 Market3.07%
Tech-1.30%
Electronic Equipment and Components0%0
Semiconductors0%0
Software-0.76%
IT-1.31%
Communications-1.48%
Industry PE
  • Investors are most optimistic about the Communications industry even though it's trading below its 3-year average PE ratio of 122x.
    • Analysts are expecting annual earnings growth of 30.8% 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 71% over the next 5 years.
  • In contrast, the IT industry is expected to see its earnings grow by 11% 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
ATSI Aplicaciones y Tratamiento de Sistemas€4.322.4%
+€5.0m
20.7%PE29.6x
GIGA Gigas Hosting€5.153.0%
+€1.8m
-25.4%PE84.1x
SNG Singular People€2.940.7%
+€1.1m
-2.0%PE28.4x
AGIL Agile Content€1.841.7%
+€690.3k
-46.8%PS0.5x
SAI Substrate Artificial Inteligence€0.104.1%
+€582.3k
-27.0%PE2x

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