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Spanish (IBEX) Telecom Sector Analysis

UpdatedFeb 01, 2026
DataAggregated Company Financials
Companies10
  • 7D1.1%
  • 3M-12.4%
  • 1Y-15.0%
  • YTD-3.1%

The Telecom industry is up 1.1% in the last week, with Telefónica up 1.3%. During this same period, the Vocento underperformed, falling 6.4%. However, the industry is down 15% over the past year. Earnings are forecast to grow by 54% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Feb 2026€38.3b€47.6b-€1,141,339,110.0022.2x-33.6x0.8x
Tue, 30 Dec 2025€39.4b€47.6b-€1,141,339,110.0022x-34.5x0.8x
Thu, 27 Nov 2025€40.7b€47.6b-€1,141,339,110.0023x-35.7x0.9x
Sat, 25 Oct 2025€47.9b€47.5b-€476,863,852.0029.8x-100.4x1x
Mon, 22 Sep 2025€47.4b€47.5b-€476,863,852.0028.2x-99.3x1x
Wed, 20 Aug 2025€50.0b€47.5b-€475,506,852.0027.5x-105x1.1x
Fri, 18 Jul 2025€50.1b€47.0b-€470,735,852.0024.7x-106.5x1.1x
Sun, 15 Jun 2025€51.3b€47.0b-€470,735,852.0023.7x-109x1.1x
Tue, 13 May 2025€49.9b€47.2b-€326,333,918.0024.3x-152.9x1.1x
Thu, 10 Apr 2025€45.2b€47.1b-€315,204,239.0025.9x-143.2x1x
Sat, 08 Mar 2025€48.0b€47.0b-€223,379,204.0028.5x-214.9x1x
Mon, 03 Feb 2025€46.6b€46.1b-€1,482,701,204.0010.3x-31.4x1x
Wed, 01 Jan 2025€45.2b€46.1b-€1,482,701,204.008.9x-30.5x1x
Fri, 29 Nov 2024€50.0b€46.4b-€1,480,921,364.0010.4x-33.8x1.1x
Sun, 27 Oct 2024€50.7b€46.7b-€1,249,552,883.0012.1x-40.6x1.1x
Tue, 24 Sep 2024€51.2b€46.7b-€1,252,048,684.0015.1x-40.9x1.1x
Thu, 22 Aug 2024€48.6b€46.7b-€1,252,048,684.0014.9x-38.8x1x
Sat, 20 Jul 2024€47.4b€46.4b-€978,517,684.0014.5x-48.5x1x
Mon, 17 Jun 2024€47.7b€46.4b-€972,881,831.0014.7x-49x1x
Wed, 15 May 2024€48.8b€46.4b-€964,792,214.0014.6x-50.6x1.1x
Fri, 12 Apr 2024€45.2b€46.3b-€1,246,855,629.0018.3x-36.3x1x
Sun, 10 Mar 2024€47.6b€46.3b-€1,246,855,629.0016.7x-38.1x1x
Tue, 06 Feb 2024€46.1b€46.3b€1.4b16.4x32.3x1x
Thu, 04 Jan 2024€47.8b€47.1b€1.6b13.1x29.9x1x
Sat, 02 Dec 2023€49.8b€47.8b€1.6b14.1x31.2x1x
Mon, 30 Oct 2023€41.1b€47.7b€1.5b13.5x27.3x0.9x
Wed, 27 Sep 2023€48.9b€47.7b€1.5b15.5x32.5x1x
Fri, 25 Aug 2023€47.5b€47.7b€1.5b15.4x31.6x1x
Sun, 23 Jul 2023€49.4b€47.4b€1.4b17.4x36x1x
Tue, 20 Jun 2023€48.7b€47.4b€1.4b17.7x35.4x1x
Thu, 18 May 2023€51.8b€47.4b€1.4b23.3x37.6x1.1x
Sat, 15 Apr 2023€52.7b€46.6b€1.8b19.8x29.2x1.1x
Mon, 13 Mar 2023€49.4b€46.5b€1.8b23.2x27.4x1.1x
Wed, 08 Feb 2023€48.0b€46.0b-€124,163,591.0036.7x-387x1x
Price to Earnings Ratio

-387x


Total Market Cap: €48.0bTotal Earnings: -€124,163,591.00Total Revenue: €46.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Telecom Sector Price to Earnings3Y Average -42.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Spanish Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.80x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have deteriorated over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.

Industry Trends

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

ES Market1.75%
Telecom1.13%
Telecom Services and Carriers1.16%
Media0.83%
Entertainment-0.44%
Industry PE
  • Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio of 45.0x.
    • Analysts are expecting annual earnings growth of 42.1%, which is higher than its past year's earnings decline of 88.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 56% over the next 5 years.
  • In contrast, the Media industry is expected to see its earnings grow by 4.3% 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
TEF Telefónica€3.421.3%
+€253.7m
-13.2%PS0.5x
CLNX Cellnex Telecom€26.021.0%
+€164.4m
-19.7%PS4.2x
A3M Atresmedia Corporación de Medios de Comunicación€5.251.0%
+€11.3m
18.8%PE10.3x
SEC Secuoya Grupo de Comunicación€31.801.9%
+€4.8m
69.1%PE31.1x
MAKS Making Science Group€8.702.4%
+€2.7m
9.4%PS0.2x

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