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Spanish (IBEX) IT Industry Analysis

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies12
  • 7D1.9%
  • 3M18.9%
  • 1Y127.0%
  • YTD125.5%

The IT industry is up 1.9% in the last week, with Indra Sistemas up 2.2%. In the same time, Gigas Hosting was down 5.9%. This means that the industry has gained 127% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

Has the Spanish IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Jan 2026€10.4b€7.0b€436.5m22.2x23.9x1.5x
Sat, 29 Nov 2025€9.9b€7.2b€443.7m25.8x22.4x1.4x
Mon, 27 Oct 2025€9.9b€7.1b€437.2m27.4x22.7x1.4x
Wed, 24 Sep 2025€8.5b€7.0b€436.2m28x19.5x1.2x
Fri, 22 Aug 2025€7.8b€7.0b€436.2m28.7x17.8x1.1x
Sun, 20 Jul 2025€8.7b€6.9b€348.8m28x25x1.3x
Tue, 17 Jun 2025€8.1b€6.9b€348.8m26x23.3x1.2x
Thu, 15 May 2025€6.9b€6.9b€348.8m24x19.7x1x
Sat, 12 Apr 2025€6.2b€6.8b€350.9m24.4x17.8x0.9x
Mon, 10 Mar 2025€6.0b€5.7b€301.9m23.1x19.8x1.1x
Wed, 05 Feb 2025€4.7b€6.7b€318.2m20.6x14.9x0.7x
Fri, 03 Jan 2025€4.6b€6.7b€318.2m20.4x14.4x0.7x
Sun, 01 Dec 2024€4.5b€6.7b€318.2m21.5x14.1x0.7x
Tue, 29 Oct 2024€4.5b€6.6b€300.9m20.2x15.1x0.7x
Thu, 26 Sep 2024€4.5b€6.6b€302.8m21.7x14.8x0.7x
Sat, 24 Aug 2024€4.5b€6.6b€302.8m21.7x15x0.7x
Mon, 22 Jul 2024€5.1b€6.5b€296.1m21.7x17.2x0.8x
Wed, 19 Jun 2024€5.2b€6.5b€296.1m22.8x17.7x0.8x
Fri, 17 May 2024€5.2b€6.3b€288.9m21.2x18x0.8x
Sun, 14 Apr 2024€4.8b€6.1b€272.6m22.6x17.7x0.8x
Tue, 12 Mar 2024€4.8b€6.1b€270.9m24.3x17.5x0.8x
Thu, 08 Feb 2024€4.5b€5.9b€267.6m26.1x16.8x0.8x
Sat, 06 Jan 2024€4.1b€5.9b€267.6m26.1x15.3x0.7x
Mon, 04 Dec 2023€4.2b€5.9b€267.6m24.6x15.5x0.7x
Wed, 01 Nov 2023€3.9b€5.8b€260.5m23.8x14.9x0.7x
Fri, 29 Sep 2023€4.0b€5.7b€258.6m22.8x15.3x0.7x
Sun, 27 Aug 2023€3.9b€5.7b€258.6m25x15x0.7x
Tue, 25 Jul 2023€3.8b€5.6b€239.6m25.3x15.8x0.7x
Thu, 22 Jun 2023€3.7b€5.6b€235.8m22.3x15.6x0.7x
Sat, 20 May 2023€3.7b€5.6b€236.6m21.9x15.8x0.7x
Mon, 17 Apr 2023€3.8b€5.5b€224.9m24.8x17x0.7x
Wed, 15 Mar 2023€30.9b€9.9b€889.6m26.2x34.7x3.1x
Fri, 10 Feb 2023€30.7b€9.4b€698.2m24.4x44x3.3x
Sun, 08 Jan 2023€28.0b€9.4b€697.6m22.7x40.1x3x
Price to Earnings Ratio

40.1x


Total Market Cap: €28.0bTotal Earnings: €697.6mTotal Revenue: €9.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish IT Industry Price to Earnings3Y Average 19x202420252026
Current Industry PE
  • Investors are optimistic on the Spanish IT industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.9x which is higher than its 3-year average PE of 19.0x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 14% per year over the last three years,
  • Revenues have also declined 9.4% 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 industry?

ES Market0.81%
Tech2.21%
IT1.94%
IT Consulting1.97%
Data Processing Services0%0
Internet Services and Infrastructure-5.92%
Industry PE
  • Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 16.9x.
    • Analysts are expecting annual earnings growth of 13.6%, which is higher than its past year's earnings growth of 0.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings growth rate of 0.5% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 14% 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€48.542.2%
+€182.7m
184.2%PE22.2x
DOM Global Dominion Access€3.312.0%
+€9.7m
18.2%PE17.5x
ALC Altia Consultores€7.100.7%
+€3.4m
54.3%PE31.6x
SCO Seresco€6.654.7%
+€2.7m
52.5%n/a
ATSI Aplicaciones y Tratamiento de Sistemas€4.760.4%
+€993.0k
28.0%n/a