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Spanish (IBEX) Utilities Sector Analysis

UpdatedOct 30, 2025
DataAggregated Company Financials
Companies14
  • 7D3.4%
  • 3M11.6%
  • 1Y29.2%
  • YTD29.2%

In the last week, the Utilities industry is up 3.4%, with Iberdrola up 4.1%. This means that the industry has gained 29% over the past year. As for the next few years, earnings are expected to grow by 2.5% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Oct 2025€209.1b€120.2b€11.4b15.1x18.3x1.7x
Sat, 27 Sep 2025€191.3b€119.5b€11.5b15.3x16.7x1.6x
Mon, 25 Aug 2025€200.8b€119.4b€11.5b15.5x17.5x1.7x
Wed, 23 Jul 2025€186.7b€116.8b€10.0b20.2x18.6x1.6x
Fri, 20 Jun 2025€188.2b€116.8b€10.0b17x18.7x1.6x
Sun, 18 May 2025€182.5b€116.7b€10.0b16x18.3x1.6x
Tue, 15 Apr 2025€171.9b€116.1b€10.4b14.5x16.5x1.5x
Thu, 13 Mar 2025€161.7b€116.1b€10.4b15.9x15.5x1.4x
Sat, 08 Feb 2025€157.4b€116.2b€11.0b13.1x14.3x1.4x
Mon, 06 Jan 2025€158.9b€116.2b€11.0b14.3x14.5x1.4x
Wed, 04 Dec 2024€158.2b€116.2b€11.1b15.4x14.3x1.4x
Fri, 01 Nov 2024€157.0b€116.5b€11.0b14.7x14.3x1.3x
Sun, 29 Sep 2024€159.1b€117.6b€9.9b19.4x16x1.4x
Tue, 27 Aug 2024€151.7b€117.6b€9.9b19.5x15.3x1.3x
Thu, 25 Jul 2024€144.1b€120.7b€10.1b13.5x14.3x1.2x
Sat, 22 Jun 2024€145.4b€120.7b€10.5b14x13.8x1.2x
Mon, 20 May 2024€151.0b€120.4b€10.5b13.7x14.3x1.3x
Wed, 17 Apr 2024€137.4b€125.9b€9.6b13.8x14.3x1.1x
Fri, 15 Mar 2024€132.7b€125.9b€9.6b13.5x13.8x1.1x
Sun, 11 Feb 2024€136.3b€135.1b€11.5b13x11.9x1x
Tue, 09 Jan 2024€153.7b€135.1b€11.5b14x13.4x1.1x
Thu, 07 Dec 2023€154.7b€135.2b€11.5b14x13.5x1.1x
Sat, 04 Nov 2023€144.7b€138.0b€11.5b13.4x12.6x1x
Mon, 02 Oct 2023€142.5b€141.6b€12.1b13.3x11.8x1x
Wed, 30 Aug 2023€149.9b€141.5b€12.1b12.9x12.4x1.1x
Fri, 28 Jul 2023€154.1b€141.6b€11.9b14.5x13x1.1x
Sun, 25 Jun 2023€157.3b€147.9b€11.5b15.5x13.6x1.1x
Tue, 23 May 2023€157.8b€147.9b€11.5b15.5x13.7x1.1x
Thu, 20 Apr 2023€161.0b€144.6b€10.9b16.8x14.8x1.1x
Sat, 18 Mar 2023€153.3b€144.4b€10.9b15.3x14.1x1.1x
Mon, 13 Feb 2023€131.6b€104.6b€8.2b21x16x1.3x
Wed, 11 Jan 2023€131.3b€104.6b€8.2b19.8x16x1.3x
Fri, 09 Dec 2022€132.8b€104.6b€8.2b20x16.2x1.3x
Sun, 06 Nov 2022€144.9b€125.1b€9.4b21.3x15.3x1.2x
Price to Earnings Ratio

15.3x


Total Market Cap: €144.9bTotal Earnings: €9.4bTotal Revenue: €125.1bTotal 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 18.3x 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 1.7x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 6.5% 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 Market2.14%
Utilities3.42%
Electric Utilities4.06%
Renewable Energy2.83%
Gas Utilities0.20%
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 15.0x.
    • Analysts are expecting annual earnings growth of 3.7%, 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 18.6x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 3.7% over the next 5 years.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 8.2% 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€17.634.1%
+€4.5b
28.1%PE21.8x
ELE Endesa€30.706.2%
+€1.9b
56.4%PE15.1x
ANA Acciona€194.203.4%
+€348.8m
61.3%PE12.7x
GRE Grenergy Renovables€76.106.1%
+€123.6m
131.3%PE22.6x
ANE Corporación Acciona Energías Renovables€24.261.5%
+€116.9m
24.3%PE10.5x