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Spanish (IBEX) Utilities Sector Analysis

UpdatedDec 08, 2025
DataAggregated Company Financials
Companies13
  • 7D0.2%
  • 3M10.8%
  • 1Y30.2%
  • YTD29.0%

The Utilities industry has stayed flat over the last week. As for the the longer term, the industry is up 29% over the past 12 months. Earnings are forecast to grow by 2.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 08 Dec 2025€208.2b€119.8b€11.5b16.2x18.1x1.7x
Wed, 05 Nov 2025€211.2b€119.7b€11.5b15.1x18.4x1.8x
Fri, 03 Oct 2025€193.2b€119.5b€11.5b15.3x16.8x1.6x
Sun, 31 Aug 2025€195.5b€119.4b€11.5b16.1x17.1x1.6x
Tue, 29 Jul 2025€186.5b€117.6b€10.7b20.6x17.4x1.6x
Thu, 26 Jun 2025€189.6b€116.8b€10.0b18.2x18.9x1.6x
Sat, 24 May 2025€186.8b€116.8b€10.0b16.2x18.7x1.6x
Mon, 21 Apr 2025€177.2b€116.1b€10.4b15x17x1.5x
Wed, 19 Mar 2025€165.4b€116.1b€10.4b16.3x15.9x1.4x
Fri, 14 Feb 2025€158.8b€116.2b€11.0b13.1x14.5x1.4x
Sun, 12 Jan 2025€152.6b€116.2b€11.0b13.7x13.9x1.3x
Tue, 10 Dec 2024€156.2b€116.2b€11.0b14.3x14.2x1.3x
Thu, 07 Nov 2024€149.9b€116.2b€11.0b15.7x13.6x1.3x
Sat, 05 Oct 2024€156.4b€117.5b€9.9b18.5x15.7x1.3x
Mon, 02 Sep 2024€152.4b€117.6b€9.9b19.1x15.3x1.3x
Wed, 31 Jul 2024€145.2b€116.1b€10.7b13.3x13.6x1.3x
Fri, 28 Jun 2024€143.5b€120.7b€10.5b13.6x13.6x1.2x
Sun, 26 May 2024€147.6b€120.4b€10.5b13.2x14x1.2x
Tue, 23 Apr 2024€139.6b€125.8b€9.6b12.5x14.6x1.1x
Thu, 21 Mar 2024€134.5b€125.9b€9.6b12.8x14x1.1x
Sat, 17 Feb 2024€135.7b€135.1b€11.5b12.8x11.8x1x
Mon, 15 Jan 2024€152.8b€135.1b€11.5b14.1x13.3x1.1x
Wed, 13 Dec 2023€153.6b€135.1b€11.5b14x13.4x1.1x
Fri, 10 Nov 2023€144.5b€137.7b€11.3b14.5x12.8x1x
Sun, 08 Oct 2023€137.7b€141.6b€12.1b12.9x11.4x1x
Tue, 05 Sep 2023€144.1b€141.5b€12.1b12.8x11.9x1x
Thu, 03 Aug 2023€148.7b€141.5b€12.2b12.8x12.2x1.1x
Sat, 01 Jul 2023€158.6b€147.9b€11.5b15.9x13.7x1.1x
Mon, 29 May 2023€155.2b€147.9b€11.5b15x13.5x1x
Wed, 26 Apr 2023€161.0b€144.6b€10.9b16.9x14.8x1.1x
Fri, 24 Mar 2023€156.3b€144.4b€10.9b15.5x14.4x1.1x
Sun, 19 Feb 2023€134.4b€104.6b€8.2b20.8x16.4x1.3x
Tue, 17 Jan 2023€133.9b€104.6b€8.2b20.8x16.3x1.3x
Thu, 15 Dec 2022€135.6b€104.6b€8.2b20.5x16.5x1.3x
Price to Earnings Ratio

16.5x


Total Market Cap: €135.6bTotal Earnings: €8.2bTotal Revenue: €104.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Utilities Sector Price to Earnings3Y Average 14.9x202320242025
Current Industry PE
  • Investors are optimistic on the Spanish Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 18.1x which is higher than its 3-year average PE of 14.9x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 4.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

ES Market2.14%
Utilities0.23%
Renewable Energy2.16%
Gas Utilities0.27%
Electric Utilities0.075%
Other Utilities0%0
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 15.1x.
    • Analysts are expecting annual earnings growth of 4.1%, which is lower than the prior year's growth of 50.2% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 18.3x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 4.1% over the next 5 years.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 7.9% 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
ANA Acciona€174.102.4%
+€223.5m		47.5%PE11.4x
NTGY Naturgy Energy Group€26.740.7%
+€172.9m		14.2%PE12.9x
IBE Iberdrola€17.970.1%
+€162.3m		35.4%PE22.2x
ANE Corporación Acciona Energías Renovables€21.061.9%
+€129.8m		5.3%PE9.2x
GRE Grenergy Renovables€70.503.7%
+€70.2m		154.5%PE20x

Latest News

SLR
€16.87
Solaria Energía y Medio Ambiente
7D
3.2%
1Y
94.1%

The Return Trends At Solaria Energía y Medio Ambiente (BME:SLR) Look Promising

Dec 08
The Return Trends At Solaria Energía y Medio Ambiente (BME:SLR) Look Promising
IBE
€17.97
Iberdrola
7D
0.1%
1Y
35.4%

Iberdrola, S.A.'s (BME:IBE) Shareholders Might Be Looking For Exit

Dec 07
Iberdrola, S.A.'s (BME:IBE) Shareholders Might Be Looking For Exit
GRE
€70.50
Grenergy Renovables
7D
3.7%
1Y
154.5%

Grenergy Renovables' (BME:GRE) Solid Profits Have Weak Fundamentals

Dec 05
Grenergy Renovables' (BME:GRE) Solid Profits Have Weak Fundamentals
ANA
€174.10
Acciona
7D
2.4%
1Y
47.5%

ANA: Downgrades And 2026 Earnings Cliff Fears Will Shape Outlook

Analysts have nudged their blended price target for Acciona modestly higher to about EUR 162 from roughly EUR 159, reflecting a slightly lower discount rate and marginally improved long term growth assumptions, even as recent downgrades flag an approaching earnings cliff and question how much growth is being priced into its concession assets. Analyst Commentary Street research has turned more cautious on Acciona, with a string of downgrades highlighting concerns about the durability of earnings beyond the current project cycle and the degree of growth already embedded in consensus expectations and valuation multiples.
ANE
€21.06
Corporación Acciona Energías Renovables
7D
1.9%
1Y
5.3%
NTGY
€26.74
Naturgy Energy Group
7D
0.7%
1Y
14.2%

NTGY: Improved Margins And Moderating Revenues Will Shape Fair Value Outlook

Analysts have raised their price target for Naturgy Energy Group from €26.38 to €26.95, citing improved profit margin outlook even though there is a decline in projected revenue growth. Valuation Changes Fair Value Estimate has risen slightly from €26.38 to €26.95.
ELE
€30.61
Endesa
7D
-0.7%
1Y
44.8%

We Think Endesa (BME:ELE) Can Stay On Top Of Its Debt

Dec 01
We Think Endesa (BME:ELE) Can Stay On Top Of Its Debt
ENG
€13.90
Enagás
7D
-2.5%
1Y
7.1%

Enagás (BME:ENG) Has Announced A Dividend Of €0.324

Nov 21
Enagás (BME:ENG) Has Announced A Dividend Of €0.324
ENRS
€1.34
Enerside Energy
7D
-9.5%
1Y
-66.0%
ADX
€1.31
Audax Renovables
7D
-2.1%
1Y
-19.5%
RED
€15.20
Redeia Corporación
7D
-0.5%
1Y
-10.2%
COXG
€9.70
Cox ABG Group
7D
1.3%
1Y
-0.9%

Is Cox ABG Group (BME:COXG) Using Too Much Debt?

Oct 24
Is Cox ABG Group (BME:COXG) Using Too Much Debt?
UMB
€3.60
Umbrella Global Energy
7D
-2.2%
1Y
-20.0%

Fewer Investors Than Expected Jumping On Umbrella Global Energy, S.A. (BME:UMB)

Oct 10
Fewer Investors Than Expected Jumping On Umbrella Global Energy, S.A. (BME:UMB)
ENER
€4.97
Ecoener
7D
2.5%
1Y
13.7%

Ecoener's (BME:ENER) Shareholders Have More To Worry About Than Only Soft Earnings

Oct 03
Ecoener's (BME:ENER) Shareholders Have More To Worry About Than Only Soft Earnings