Narrative Update • Jun 04
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Spanish (IBEX) Telecom Sector Analysis
UpdatedJun 19, 2026
DataAggregated Company Financials
Companies10
- 7D-2.6%
- 3M6.6%
- 1Y-15.7%
- YTD4.8%
Over the last 7 days, the Telecom industry has dropped 2.1%, driven by Telefónica declining 5.3%. However, the industry is down 15% over the past year. Earnings are forecast to grow by 72% annually.
Sector Valuation and Performance
Has the Spanish Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Jun 2026 | €41.8b | €42.1b | -€2,633,009,057.00 | 18x | -15.9x | 1x |
| Sun, 17 May 2026 | €42.8b | €42.2b | -€2,476,463,698.00 | 18.6x | -17.3x | 1x |
| Tue, 14 Apr 2026 | €43.1b | €42.1b | -€2,483,083,455.00 | 18.1x | -17.4x | 1x |
| Thu, 12 Mar 2026 | €41.3b | €42.0b | -€2,494,896,110.00 | 23.8x | -16.6x | 1x |
| Sat, 07 Feb 2026 | €40.3b | €47.6b | -€1,141,339,110.00 | 22x | -35.3x | 0.8x |
| Mon, 05 Jan 2026 | €39.5b | €47.6b | -€1,141,339,110.00 | 21.6x | -34.6x | 0.8x |
| Wed, 03 Dec 2025 | €39.4b | €47.6b | -€1,141,339,110.00 | 22.9x | -34.6x | 0.8x |
| Fri, 31 Oct 2025 | €45.8b | €47.5b | -€476,863,852.00 | 31x | -96.1x | 1x |
| Sun, 28 Sep 2025 | €46.2b | €47.5b | -€476,863,852.00 | 29.8x | -96.9x | 1x |
| Tue, 26 Aug 2025 | €49.2b | €47.5b | -€475,506,852.00 | 30x | -103.5x | 1x |
| Thu, 24 Jul 2025 | €51.0b | €47.0b | -€470,735,852.00 | 25.5x | -108.4x | 1.1x |
| Sat, 21 Jun 2025 | €50.6b | €47.0b | -€470,735,852.00 | 23.4x | -107.5x | 1.1x |
| Mon, 19 May 2025 | €50.7b | €47.0b | -€470,508,918.00 | 24.8x | -107.7x | 1.1x |
| Wed, 16 Apr 2025 | €49.1b | €47.1b | -€315,204,239.00 | 24.8x | -155.8x | 1x |
| Fri, 14 Mar 2025 | €49.0b | €46.9b | -€223,379,204.00 | 31.7x | -219.2x | 1x |
| Sun, 09 Feb 2025 | €47.2b | €46.1b | -€1,482,701,204.00 | 10.5x | -31.8x | 1x |
| Tue, 07 Jan 2025 | €45.2b | €46.1b | -€1,482,701,204.00 | 9.1x | -30.5x | 1x |
| Thu, 05 Dec 2024 | €49.3b | €46.4b | -€1,480,921,364.00 | 10.1x | -33.3x | 1.1x |
| Sat, 02 Nov 2024 | €50.0b | €46.7b | -€1,249,552,883.00 | 11.6x | -40x | 1.1x |
| Mon, 30 Sep 2024 | €52.4b | €46.7b | -€1,252,048,684.00 | 15.1x | -41.8x | 1.1x |
| Wed, 28 Aug 2024 | €49.6b | €46.7b | -€1,252,048,684.00 | 14.9x | -39.6x | 1.1x |
| Fri, 26 Jul 2024 | €46.9b | €46.4b | -€978,517,684.00 | 14.5x | -48x | 1x |
| Sun, 23 Jun 2024 | €46.1b | €46.4b | -€972,881,831.00 | 14.4x | -47.4x | 1x |
| Tue, 21 May 2024 | €50.0b | €46.4b | -€971,406,347.00 | 15x | -51.4x | 1.1x |
| Thu, 18 Apr 2024 | €45.1b | €46.3b | -€1,247,792,214.00 | 13.7x | -36.2x | 1x |
| Sat, 16 Mar 2024 | €46.4b | €46.3b | -€1,246,855,629.00 | 16.7x | -37.2x | 1x |
| Mon, 12 Feb 2024 | €45.0b | €46.3b | €1.4b | 18.3x | 31.5x | 1x |
| Wed, 10 Jan 2024 | €48.2b | €47.1b | €1.6b | 13.4x | 30.1x | 1x |
| Fri, 08 Dec 2023 | €50.5b | €47.8b | €1.6b | 14.1x | 31.7x | 1.1x |
| Sun, 05 Nov 2023 | €45.1b | €47.7b | €1.5b | 13.8x | 29.9x | 0.9x |
| Tue, 03 Oct 2023 | €47.6b | €47.7b | €1.5b | 14.9x | 31.6x | 1x |
| Thu, 31 Aug 2023 | €48.7b | €47.7b | €1.5b | 15.4x | 32.4x | 1x |
| Sat, 29 Jul 2023 | €47.1b | €47.7b | €1.5b | 14.4x | 31.3x | 1x |
| Mon, 26 Jun 2023 | €48.6b | €47.4b | €1.4b | 17.9x | 35.3x | 1x |
Price to Earnings Ratio
35.3x
Current Industry PE
- Investors are relatively neutral on the Spanish Communication Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
- Total earnings for the Communication Services industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 3.9% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Spanish Telecom sector?
| ES Market | 4.97% | |
| Telecom | -2.56% | |
| Entertainment | 2.27% | |
| Telecom Services and Carriers | -2.56% | |
| Media | -3.08% | |
Industry PE
- Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio of 51.0x.
- Analysts are expecting annual earnings growth of 37.8%, which is higher than its past year's earnings decline of 17.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 74% over the next 5 years.
- This is better than its past earnings growth rate of 37% per year.
- In contrast, the Media industry is expected to see its earnings grow by 18% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CLNX Cellnex Telecom | €28.39 | 0.6% +€107.8m | -12.8% | PS4.6x | |
| PRS Promotora de Informaciones | €0.31 | 2.3% +€9.4m | -19.2% | PS0.5x | |
| SQRL Squirrel Media | €2.30 | 2.2% +€4.8m | 2.2% | PE99.6x | |
| MAKS Making Science Group | €7.05 | 0.7% +€452.2k | -22.5% | PS0.2x | |
| CITY Club De Futbol Intercity Sad | €0.037 | 6.1% +€171.6k | -82.6% | n/a |