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Spanish (IBEX) Utilities Sector Analysis

UpdatedSep 16, 2025
DataAggregated Company Financials
Companies14
  • 7D0.8%
  • 3M-0.6%
  • 1Y17.4%
  • YTD17.7%

The Utilities industry has stayed flat over the last week. As for the the longer term, the industry is up 17% over the past 12 months. As for the next few years, earnings are expected to grow by 2.8% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Sep 2025€190.5b€119.4b€11.5b15.4x16.6x1.6x
Thu, 14 Aug 2025€190.5b€119.4b€11.5b15x16.6x1.6x
Sat, 12 Jul 2025€181.6b€116.8b€10.0b18.4x18.1x1.6x
Mon, 09 Jun 2025€186.9b€116.8b€10.0b18x18.6x1.6x
Wed, 07 May 2025€182.7b€116.2b€9.7b15.8x18.9x1.6x
Fri, 04 Apr 2025€180.5b€116.9b€10.5b15.7x17.3x1.5x
Sun, 02 Mar 2025€162.9b€116.4b€9.7b15.5x16.9x1.4x
Tue, 28 Jan 2025€153.0b€116.2b€11.0b12.8x13.9x1.3x
Thu, 26 Dec 2024€153.0b€116.2b€11.0b13.8x13.9x1.3x
Sat, 23 Nov 2024€156.7b€116.3b€11.1b15.4x14.2x1.3x
Mon, 21 Oct 2024€159.9b€117.5b€9.9b18.2x16.1x1.4x
Wed, 18 Sep 2024€159.1b€117.6b€9.9b19.3x16x1.4x
Fri, 16 Aug 2024€146.9b€117.6b€9.9b19.6x14.8x1.2x
Sun, 14 Jul 2024€145.0b€120.7b€10.5b13.8x13.8x1.2x
Tue, 11 Jun 2024€150.0b€120.7b€10.5b13.4x14.3x1.2x
Thu, 09 May 2024€146.5b€122.5b€10.8b12.9x13.6x1.2x
Sat, 06 Apr 2024€136.2b€125.9b€9.6b13.4x14.2x1.1x
Mon, 04 Mar 2024€131.3b€126.4b€9.6b13.6x13.6x1x
Wed, 31 Jan 2024€143.9b€135.1b€11.5b13.6x12.5x1.1x
Fri, 29 Dec 2023€153.2b€135.1b€11.5b14.3x13.3x1.1x
Sun, 26 Nov 2023€148.8b€137.7b€11.3b15.3x13.2x1.1x
Tue, 24 Oct 2023€139.6b€141.6b€12.1b13.1x11.5x1x
Thu, 21 Sep 2023€151.3b€141.5b€12.1b13.1x12.5x1.1x
Sat, 19 Aug 2023€142.1b€141.5b€12.1b12.7x11.7x1x
Mon, 17 Jul 2023€151.8b€147.9b€11.5b15.4x13.2x1x
Wed, 14 Jun 2023€157.0b€147.9b€11.5b15.4x13.6x1.1x
Fri, 12 May 2023€161.0b€148.0b€11.3b15.9x14.3x1.1x
Sun, 09 Apr 2023€163.7b€144.5b€10.9b16.5x15x1.1x
Tue, 07 Mar 2023€151.1b€144.4b€10.9b16.1x13.9x1x
Thu, 02 Feb 2023€132.1b€104.6b€8.2b20.8x16.1x1.3x
Sat, 31 Dec 2022€131.5b€104.6b€8.2b19.8x16x1.3x
Mon, 28 Nov 2022€135.2b€104.6b€8.2b20.7x16.5x1.3x
Wed, 26 Oct 2022€140.3b€121.8b€9.1b22x15.4x1.2x
Fri, 23 Sep 2022€149.9b€121.0b€9.1b20.5x16.5x1.2x
Price to Earnings Ratio

16.5x


Total Market Cap: €149.9bTotal Earnings: €9.1bTotal Revenue: €121.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Utilities Sector Price to Earnings3Y Average 14.7x202320242025
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 16.5x which is higher than its 3-year average PE of 14.7x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 8.0% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

ES Market2.67%
Utilities0.83%
Electric Utilities1.29%
Gas Utilities0.12%
Other Utilities0%0
Renewable Energy-2.75%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 14.8x.
    • Analysts are expecting annual earnings growth of 4.8%, which is lower than the prior year's growth of 105.3% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 19.1x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 4.8% over the next 5 years.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 7.5% 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
ELE Endesa€26.753.5%
+€956.0m
34.9%PE13.2x
IBE Iberdrola€15.830.9%
+€941.5m
17.1%PE21.2x
RED Redeia Corporación€16.690.4%
+€37.8m
-4.0%PE17.7x
ENG Enagás€13.341.0%
+€35.1m
-5.3%PE25.8x
ENER Ecoener€4.961.2%
+€3.4m
28.8%PE29.1x

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