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Spanish (IBEX) Utilities Sector Analysis

UpdatedNov 15, 2025
DataAggregated Company Financials
Companies13
  • 7D1.0%
  • 3M9.2%
  • 1Y34.0%
  • YTD31.3%

The Utilities industry has been flat over the last week, but Acciona has lost 6.1%. As for the the longer term, the industry is up 34% over the past 12 months. Looking forward, earnings are forecast to grow by 2.4% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Nov 2025€211.9b€119.7b€11.5b15.3x18.4x1.8x
Tue, 14 Oct 2025€198.6b€119.5b€11.5b15.7x17.3x1.7x
Thu, 11 Sep 2025€191.7b€119.4b€11.5b15x16.7x1.6x
Sat, 09 Aug 2025€187.3b€119.4b€11.5b14.9x16.3x1.6x
Mon, 07 Jul 2025€188.5b€116.8b€10.0b18.6x18.8x1.6x
Wed, 04 Jun 2025€186.1b€116.8b€10.0b17.9x18.5x1.6x
Fri, 02 May 2025€182.6b€116.1b€10.4b15.7x17.5x1.6x
Sun, 30 Mar 2025€174.6b€116.1b€10.4b15.9x16.7x1.5x
Tue, 25 Feb 2025€161.9b€115.8b€10.2b15.2x15.8x1.4x
Thu, 23 Jan 2025€155.5b€116.2b€11.0b13x14.2x1.3x
Sat, 21 Dec 2024€152.2b€116.2b€11.0b13.8x13.8x1.3x
Mon, 18 Nov 2024€154.4b€115.5b€11.0b16.1x14x1.3x
Wed, 16 Oct 2024€160.1b€117.5b€9.9b17.8x16.1x1.4x
Fri, 13 Sep 2024€155.6b€117.6b€9.9b19.2x15.7x1.3x
Sun, 11 Aug 2024€144.3b€117.6b€9.9b19x14.5x1.2x
Tue, 09 Jul 2024€142.2b€120.7b€10.5b13.4x13.5x1.2x
Thu, 06 Jun 2024€151.9b€120.4b€10.5b14.3x14.4x1.3x
Sat, 04 May 2024€142.7b€122.9b€10.8b12.6x13.2x1.2x
Mon, 01 Apr 2024€138.7b€125.9b€9.6b13.3x14.4x1.1x
Wed, 28 Feb 2024€133.2b€131.2b€11.4b11.8x11.7x1x
Fri, 26 Jan 2024€144.4b€135.1b€11.5b13.7x12.6x1.1x
Sun, 24 Dec 2023€154.3b€135.1b€11.5b14.2x13.4x1.1x
Tue, 21 Nov 2023€149.3b€137.7b€11.3b15.1x13.3x1.1x
Thu, 19 Oct 2023€141.7b€141.6b€12.1b13.1x11.7x1x
Sat, 16 Sep 2023€148.7b€141.5b€12.1b13x12.3x1.1x
Mon, 14 Aug 2023€146.8b€141.5b€12.1b12.9x12.1x1x
Wed, 12 Jul 2023€149.0b€147.9b€11.5b14.9x12.9x1x
Fri, 09 Jun 2023€156.5b€147.9b€11.5b15x13.6x1.1x
Sun, 07 May 2023€161.8b€148.0b€11.3b15.9x14.3x1.1x
Tue, 04 Apr 2023€158.9b€144.4b€10.9b16x14.6x1.1x
Thu, 02 Mar 2023€149.1b€143.4b€10.9b16.3x13.6x1x
Sat, 28 Jan 2023€132.9b€104.6b€8.2b21.7x16.2x1.3x
Mon, 26 Dec 2022€130.8b€104.6b€8.2b19.9x15.9x1.3x
Wed, 23 Nov 2022€134.2b€104.6b€8.2b20.5x16.3x1.3x
Price to Earnings Ratio

16.3x


Total Market Cap: €134.2bTotal Earnings: €8.2bTotal Revenue: €104.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Utilities Sector Price to Earnings3Y Average 14.8x202320242025
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 18.4x which is higher than its 3-year average PE of 14.8x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.8x.
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 Market2.41%
Utilities0.97%
Electric Utilities1.38%
Gas Utilities0.61%
Other Utilities0%0
Renewable Energy-3.19%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 15.0x.
    • Analysts are expecting annual earnings growth of 3.5%, 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 18.5x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 3.5% over the next 5 years.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 7.7% 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
IBE Iberdrola€18.042.2%
+€2.6b		34.7%PE22.3x
ELE Endesa€32.141.5%
+€489.5m		62.4%PE15.3x
NTGY Naturgy Energy Group€27.501.0%
+€249.8m		22.4%PE13.3x
SLR Solaria Energía y Medio Ambiente€15.522.4%
+€44.7m		52.5%PE14.7x
GRE Grenergy Renovables€76.000.5%
+€11.2m		162.1%PE22.6x

Latest News

ENG
€14.09
Enagás
7D
-1.8%
1Y
10.9%

Does Enagás (BME:ENG) Have A Healthy Balance Sheet?

Nov 15
Does Enagás (BME:ENG) Have A Healthy Balance Sheet?
ELE
€32.14
Endesa
7D
1.5%
1Y
62.4%

ELE: Uncertainty Around Network Investment Will Limit Upside Potential

Analysts have raised their fair value price target for Endesa to €26.95 from €26.52. This reflects improved revenue growth expectations despite recent sector downgrades and ongoing uncertainty around network investment.
IBE
€18.04
Iberdrola
7D
2.2%
1Y
34.7%

IBE: Earnings Outlook And Execution Will Face Sector Headwinds And Operational Risks

The consensus analyst price target for Iberdrola has increased modestly from €16.50 to €16.82. This change reflects updated analyst expectations based on incremental improvements in projected profit margin and fair value, despite slower anticipated revenue growth and a higher discount rate.
GRE
€76.00
Grenergy Renovables
7D
0.5%
1Y
162.1%

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Nov 06
Is Now The Time To Put Grenergy Renovables (BME:GRE) On Your Watchlist?
SLR
€15.52
Solaria Energía y Medio Ambiente
7D
2.4%
1Y
52.5%

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Nov 06
Is Solaria Energía y Medio Ambiente (BME:SLR) A Risky Investment?
ENRS
€1.84
Enerside Energy
7D
-6.1%
1Y
-54.9%
ANA
€183.00
Acciona
7D
-6.1%
1Y
56.8%

ANA: Concession Asset Optimism Will Face Downside Risk After Sell Rating

Narrative Update on Acciona Analysts have modestly raised Acciona's fair value estimate from €155.73 to €158.21. They cite expectations that the market is overestimating growth prospects for the company's concession assets.
ANE
€22.66
Corporación Acciona Energías Renovables
7D
-6.0%
1Y
16.3%

Corporación Acciona Energías Renovables, S.A.'s (BME:ANE) Low P/E No Reason For Excitement

Nov 03
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NTGY
€27.50
Naturgy Energy Group
7D
1.0%
1Y
22.4%

Naturgy Energy Group, S.A. (BME:NTGY) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Nov 01
Naturgy Energy Group, S.A. (BME:NTGY) Just Released Its Third-Quarter Earnings: Here's What Analysts Think
RED
€15.08
Redeia Corporación
7D
-1.4%
1Y
-9.9%
HLZ
€0.97
Holaluz-Clidom
7D
2.1%
1Y
-27.1%
COXG
€10.05
Cox ABG Group
7D
-1.5%
1Y
5.8%

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Oct 24
Is Cox ABG Group (BME:COXG) Using Too Much Debt?
ENER
€4.94
Ecoener
7D
-1.2%
1Y
12.3%

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
ADX
€1.29
Audax Renovables
7D
-0.9%
1Y
-23.0%