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Spanish (IBEX) Utilities Sector Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies13
  • 7D4.1%
  • 3M10.5%
  • 1Y40.3%
  • YTD8.4%

Endesa is up 9.9%, leading the way for the Utilities industry, which has gained 4.1%. This takes the industry's 12 month performance to a gain of 40%. Looking forward, earnings are forecast to grow by 2.1% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Feb 2026€234.6b€119.3b€13.3b16.6x17.7x2x
Mon, 26 Jan 2026€212.3b€119.8b€11.5b15.4x18.4x1.8x
Wed, 24 Dec 2025€211.4b€119.8b€11.5b15.8x18.3x1.8x
Fri, 21 Nov 2025€209.6b€119.6b€11.5b16x18.2x1.8x
Sun, 19 Oct 2025€202.8b€119.5b€11.5b16.1x17.7x1.7x
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
Price to Earnings Ratio

13.9x


Total Market Cap: €151.1bTotal Earnings: €10.9bTotal Revenue: €144.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Utilities Sector Price to Earnings3Y Average 15.1x202420252026
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 17.7x which is higher than its 3-year average PE of 15.1x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 6.8% per year over the last three years.
  • Meanwhile revenues for these companies have declined 6.2% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

ES Market1.05%
Utilities4.08%
Renewable Energy4.63%
Electric Utilities4.17%
Gas Utilities3.19%
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 15.4x.
    • Analysts are expecting annual earnings growth of 3.4%, which is lower than the prior year's growth of 16.3% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 13.6x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 3.4% over the next 5 years.
  • However this is lower than its past earnings growth rate of 16% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings decline by 3.4% 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€34.579.9%
+€3.1b
61.3%PE16.3x
ANA Acciona€246.8025.0%
+€2.7b
107.9%PE16.2x
IBE Iberdrola€20.051.4%
+€1.9b
43.7%PE21.3x
SLR Solaria Energía y Medio Ambiente€21.9717.2%
+€395.1m
179.2%PE15.5x
GRE Grenergy Renovables€110.204.0%
+€117.9m
204.4%PE35.6x

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