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Spanish (IBEX) Telecom Sector Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies10
  • 7D0.1%
  • 3M7.9%
  • 1Y-13.3%
  • YTD5.6%

Over the last 7 days, the Telecom industry has remained flat, although notably Atresmedia Corporación de Medios de Comunicación declined by 6.0%. As for the longer term, the industry has declined 13% in the last year. Earnings are forecast to grow by 85% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Mar 2026€42.2b€42.1b-€2,479,021,655.0017x-17x1x
Fri, 13 Feb 2026€42.1b€47.6b-€1,141,339,110.0021.9x-36.9x0.9x
Sun, 11 Jan 2026€38.8b€47.6b-€1,141,339,110.0022.2x-34x0.8x
Tue, 09 Dec 2025€38.9b€47.6b-€1,141,339,110.0022.7x-34.1x0.8x
Thu, 06 Nov 2025€40.9b€47.6b-€701,811,992.0031x-58.3x0.9x
Sat, 04 Oct 2025€46.5b€47.5b-€476,863,852.0029.8x-97.5x1x
Mon, 01 Sep 2025€48.5b€47.5b-€475,506,852.0029.4x-101.9x1x
Wed, 30 Jul 2025€49.7b€47.0b-€475,959,852.0024.4x-104.3x1.1x
Fri, 27 Jun 2025€50.5b€47.0b-€470,735,852.0023.2x-107.2x1.1x
Sun, 25 May 2025€51.7b€47.0b-€475,441,502.0045.5x-108.6x1.1x
Tue, 22 Apr 2025€50.9b€47.1b-€315,204,239.0024.6x-161.6x1.1x
Thu, 20 Mar 2025€49.3b€46.9b-€223,379,204.0031.8x-220.6x1.1x
Sat, 15 Feb 2025€47.4b€46.1b-€1,482,701,204.0011.2x-32x1x
Mon, 13 Jan 2025€43.9b€46.1b-€1,482,701,204.0010.4x-29.6x1x
Wed, 11 Dec 2024€49.1b€46.4b-€1,480,921,364.0010x-33.2x1.1x
Fri, 08 Nov 2024€47.9b€46.7b-€1,249,552,883.0011x-38.3x1x
Sun, 06 Oct 2024€51.7b€46.7b-€1,252,048,684.0013.2x-41.3x1.1x
Tue, 03 Sep 2024€49.6b€46.7b-€1,252,048,684.0014.8x-39.6x1.1x
Thu, 01 Aug 2024€47.5b€46.5b-€968,077,684.0014.4x-49.1x1x
Sat, 29 Jun 2024€45.0b€46.4b-€974,743,684.0014.4x-46.2x1x
Mon, 27 May 2024€48.7b€46.4b-€971,406,347.0015x-50.2x1x
Wed, 24 Apr 2024€47.4b€46.3b-€1,247,792,214.0014.1x-38x1x
Fri, 22 Mar 2024€47.3b€46.3b-€1,246,855,629.0018x-37.9x1x
Sun, 18 Feb 2024€45.1b€46.3b€1.4b18.7x31.6x1x
Tue, 16 Jan 2024€48.8b€47.1b€1.6b13.3x30.5x1x
Thu, 14 Dec 2023€48.2b€47.1b€1.6b13.5x30.3x1x
Sat, 11 Nov 2023€44.8b€47.6b€1.5b13.7x29.6x0.9x
Mon, 09 Oct 2023€44.7b€47.7b€1.5b14.5x29.7x0.9x
Wed, 06 Sep 2023€48.8b€47.7b€1.5b15.3x32.4x1x
Fri, 04 Aug 2023€43.5b€47.7b€1.5b13.7x28.9x0.9x
Sun, 02 Jul 2023€49.5b€47.4b€1.4b18.1x36x1x
Tue, 30 May 2023€51.1b€47.4b€1.4b22.4x37.1x1.1x
Thu, 27 Apr 2023€52.4b€46.6b€1.8b21x29.1x1.1x
Sat, 25 Mar 2023€47.8b€46.5b€1.8b19.8x26.5x1x
Price to Earnings Ratio

26.5x


Total Market Cap: €47.8bTotal Earnings: €1.8bTotal Revenue: €46.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Telecom Sector Price to Earnings3Y Average -35.5x202420252026
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 3.3% per year, which is driving profits down.

Industry Trends

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

ES Market-0.78%
Telecom0.13%
Telecom Services and Carriers0.36%
Entertainment-1.35%
Media-5.41%
Industry PE
  • Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 48.7x.
    • Analysts are expecting annual earnings growth of 25.4%, which is lower than the prior year's growth of 110.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 87% over the next 5 years.
  • 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?

CompanyLast Price7D1YValuation
CLNX Cellnex Telecom€29.670.5%
+€101.1m
-9.6%PS4.9x
TEF Telefónica€3.620.2%
+€45.0m
-17.1%PS0.6x
PAR Parlem Telecom Companyia de Telecomunicacions€2.4011.1%
+€4.7m
-25.0%PS0.9x
VOC Vocento€0.701.4%
+€1.2m
-8.1%PS0.3x
LLN LleidaNetworks Serveis Telemàtics€1.201.7%
+€317.1k
5.3%PE12.9x

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