Narrative Update • Jul 26
Have your own idea? Try our Stock Screener
Spanish (IBEX) Telecom Sector Analysis
UpdatedAug 03, 2026
DataAggregated Company Financials
Companies11
- 7D1.4%
- 3M-6.1%
- 1Y-17.4%
- YTD0.8%
In the last week, the Telecom industry is up 1.4%, with Cellnex Telecom up 3.6%. However, the industry is down 17% over the past year. As for the next few years, earnings are expected to grow by 69% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 03 Aug 2026 | €41.5b | €43.5b | -€2,806,258,698.00 | 42x | -14.8x | 1x |
| Wed, 01 Jul 2026 | €39.2b | €42.1b | -€2,637,308,698.00 | 17.3x | -14.9x | 0.9x |
| Fri, 29 May 2026 | €43.6b | €42.1b | -€2,637,308,698.00 | 18.5x | -16.5x | 1x |
| Sun, 26 Apr 2026 | €43.0b | €42.1b | -€2,483,083,455.00 | 18.7x | -17.3x | 1x |
| Tue, 24 Mar 2026 | €38.9b | €42.1b | -€2,479,021,655.00 | 17.1x | -15.7x | 0.9x |
| Thu, 19 Feb 2026 | €42.0b | €47.6b | -€1,141,339,110.00 | 22x | -36.8x | 0.9x |
| Sat, 17 Jan 2026 | €37.8b | €47.6b | -€1,141,339,110.00 | 22x | -33.1x | 0.8x |
| Mon, 15 Dec 2025 | €39.6b | €47.6b | -€1,141,339,110.00 | 22.4x | -34.7x | 0.8x |
| Wed, 12 Nov 2025 | €40.6b | €47.6b | -€1,123,855,992.00 | 23.3x | -36.1x | 0.9x |
| Fri, 10 Oct 2025 | €47.0b | €47.5b | -€476,863,852.00 | 29.8x | -98.6x | 1x |
| Sun, 07 Sep 2025 | €48.5b | €47.5b | -€475,506,852.00 | 29.5x | -102x | 1x |
| Tue, 05 Aug 2025 | €49.0b | €46.8b | -€475,506,852.00 | 27.5x | -103x | 1x |
| Thu, 03 Jul 2025 | €51.3b | €47.0b | -€470,735,852.00 | 23.7x | -109x | 1.1x |
| Sat, 31 May 2025 | €52.5b | €47.0b | -€470,735,852.00 | 23.8x | -111.5x | 1.1x |
| Mon, 28 Apr 2025 | €51.1b | €47.2b | -€315,204,239.00 | 25x | -162.2x | 1.1x |
| Wed, 26 Mar 2025 | €49.0b | €46.9b | -€223,379,204.00 | 31.7x | -219.2x | 1x |
| Fri, 21 Feb 2025 | €46.7b | €46.1b | -€1,482,701,204.00 | 13.1x | -31.5x | 1x |
| Sun, 19 Jan 2025 | €46.6b | €46.1b | -€1,482,701,204.00 | 10x | -31.4x | 1x |
| Tue, 17 Dec 2024 | €48.0b | €46.4b | -€1,480,921,364.00 | 9.8x | -32.4x | 1x |
| Thu, 14 Nov 2024 | €46.8b | €46.4b | -€1,473,182,883.00 | 10.8x | -31.8x | 1x |
| Sat, 12 Oct 2024 | €51.3b | €46.7b | -€1,252,048,684.00 | 12.4x | -41x | 1.1x |
| Mon, 09 Sep 2024 | €50.2b | €46.7b | -€1,252,048,684.00 | 14.8x | -40.1x | 1.1x |
| Wed, 07 Aug 2024 | €47.6b | €46.7b | -€1,252,048,684.00 | 15.3x | -38x | 1x |
| Fri, 05 Jul 2024 | €45.8b | €46.4b | -€974,743,684.00 | 14.4x | -47x | 1x |
| Sun, 02 Jun 2024 | €49.6b | €46.4b | -€971,406,347.00 | 14.9x | -51x | 1.1x |
| Tue, 30 Apr 2024 | €48.0b | €46.3b | -€1,195,792,214.00 | 14.1x | -40.2x | 1x |
| Thu, 28 Mar 2024 | €47.9b | €46.3b | -€1,246,855,629.00 | 18.3x | -38.4x | 1x |
| Sat, 24 Feb 2024 | €47.0b | €46.2b | -€1,265,151,629.00 | 22.6x | -37.2x | 1x |
| Mon, 22 Jan 2024 | €47.6b | €47.2b | €1.6b | 14x | 29.6x | 1x |
| Wed, 20 Dec 2023 | €47.7b | €47.1b | €1.6b | 13.2x | 30x | 1x |
| Fri, 17 Nov 2023 | €46.0b | €47.8b | €1.6b | 13.7x | 28.9x | 1x |
| Sun, 15 Oct 2023 | €45.0b | €47.7b | €1.5b | 14.6x | 29.9x | 0.9x |
| Tue, 12 Sep 2023 | €49.2b | €47.7b | €1.5b | 15.6x | 32.7x | 1x |
| Thu, 10 Aug 2023 | €43.8b | €47.7b | €1.5b | 13.8x | 29.1x | 0.9x |
Price to Earnings Ratio
29.1x
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 3.0% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Spanish Telecom sector?
| ES Market | 0.27% | |
| Telecom | 1.37% | |
| Entertainment | 2.63% | |
| Telecom Services and Carriers | 1.43% | |
| Wireless Telecom | 0% | 0 |
| Media | -0.41% | |
Industry PE
- Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio of 53.0x.
- 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 71% over the next 5 years.
- This is better than its past earnings decline of 31% per year.
- In contrast, the Media industry is expected to see its earnings grow by 20% 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 | €26.87 | 3.6% +€626.7m | -14.4% | PS4.3x | |
| A3M Atresmedia Corporación de Medios de Comunicación | €5.21 | 2.6% +€29.3m | 5.8% | PE21.5x | |
| DIGIS DIGI Spain Telecom | €5.50 | 1.3% +€20.8m | n/a | PE940.9x | |
| PRS Promotora de Informaciones | €3.03 | 3.4% +€14.2m | -11.1% | PS0.4x | |
| VOC Vocento | €0.83 | 6.1% +€5.8m | 33.4% | PS0.3x |