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Spanish (IBEX) IT Industry Analysis

UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies13
  • 7D3.3%
  • 3M2.0%
  • 1Y133.6%
  • YTD2.1%

In the last week, the IT industry is up 3.3%, with Indra Sistemas up 4.0%. This takes the industry's 12 month performance to a gain of 134%. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Feb 2026€10.9b€7.0b€436.5m23.4x25x1.6x
Tue, 13 Jan 2026€12.3b€7.0b€436.5m26.9x28.1x1.8x
Thu, 11 Dec 2025€10.5b€7.2b€443.7m27.4x23.8x1.5x
Sat, 08 Nov 2025€10.3b€7.2b€443.7m26.7x23.3x1.4x
Mon, 06 Oct 2025€8.7b€7.0b€437.4m26.7x20x1.3x
Wed, 03 Sep 2025€7.8b€7.0b€436.2m28.7x17.8x1.1x
Fri, 01 Aug 2025€8.3b€7.0b€436.2m28x18.9x1.2x
Sun, 29 Jun 2025€8.0b€6.9b€348.8m25.9x22.8x1.2x
Tue, 27 May 2025€8.0b€6.9b€348.8m24.1x22.8x1.2x
Thu, 24 Apr 2025€6.5b€6.8b€351.2m23.8x18.4x0.9x
Sat, 22 Mar 2025€6.3b€5.7b€301.9m24.5x20.8x1.1x
Mon, 17 Feb 2025€4.6b€6.7b€318.2m21.1x14.5x0.7x
Wed, 15 Jan 2025€4.7b€6.7b€318.2m20x14.7x0.7x
Fri, 13 Dec 2024€4.6b€6.7b€318.2m20.8x14.4x0.7x
Sun, 10 Nov 2024€4.5b€6.7b€312.9m25x14.4x0.7x
Tue, 08 Oct 2024€4.6b€6.6b€301.9m21.9x15.4x0.7x
Thu, 05 Sep 2024€4.5b€6.6b€302.8m21.8x14.9x0.7x
Sat, 03 Aug 2024€4.7b€6.6b€302.7m21.5x15.5x0.7x
Mon, 01 Jul 2024€5.0b€6.5b€296.1m21.8x17x0.8x
Wed, 29 May 2024€5.2b€6.3b€288.9m21.4x18.1x0.8x
Fri, 26 Apr 2024€4.7b€6.1b€274.2m21.3x17.3x0.8x
Sun, 24 Mar 2024€4.8b€6.1b€270.9m24.3x17.7x0.8x
Tue, 20 Feb 2024€4.4b€5.9b€267.6m26x16.6x0.7x
Thu, 18 Jan 2024€4.4b€5.9b€267.6m26.8x16.5x0.7x
Sat, 16 Dec 2023€4.1b€5.9b€267.6m25.3x15.2x0.7x
Mon, 13 Nov 2023€4.0b€5.9b€267.6m25.5x15x0.7x
Wed, 11 Oct 2023€3.9b€5.8b€258.7m24x15.1x0.7x
Fri, 08 Sep 2023€4.0b€5.7b€258.6m24.7x15.4x0.7x
Sun, 06 Aug 2023€4.0b€5.7b€258.6m25.3x15.3x0.7x
Tue, 04 Jul 2023€3.7b€5.6b€235.8m23x15.6x0.7x
Thu, 01 Jun 2023€3.7b€5.6b€236.6m22.5x15.6x0.7x
Sat, 29 Apr 2023€3.8b€5.5b€230.8m25.6x16.3x0.7x
Mon, 27 Mar 2023€3.7b€5.5b€224.9m24.3x16.6x0.7x
Wed, 22 Feb 2023€28.5b€9.4b€698.2m24.8x40.8x3x
Price to Earnings Ratio

40.8x


Total Market Cap: €28.5bTotal Earnings: €698.2mTotal Revenue: €9.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish IT Industry Price to Earnings3Y Average 18.3x202420252026
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 25.0x which is higher than its 3-year average PE of 18.3x.
  • 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 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 Market-1.24%
Tech3.07%
IT3.26%
IT Consulting3.32%
Data Processing Services0%0
Internet Services and Infrastructure-9.47%
Industry PE
  • Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 17.3x.
    • Analysts are expecting annual earnings growth of 14.8%, 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 15% 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 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€51.104.0%
+€347.9m
202.5%PE23.4x
ALC Altia Consultores€7.101.4%
+€6.9m
52.4%PE31.6x
DOM Global Dominion Access€3.410.4%
+€2.2m
10.2%PE18x
ATSI Aplicaciones y Tratamiento de Sistemas€4.420.9%
+€2.0m
20.8%n/a
OPTS Optare Solutions€7.450.7%
+€176.2k
-9.1%n/a

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