Spanish (IBEX) Electric Utilities Industry Analysis

UpdatedNov 20, 2025

DataAggregated Company Financials

Companies4

7D-1.0%
3M8.3%
1Y36.6%
YTD33.5%

Over the last 7 days, the Electric Utilities industry has dropped 1.7%, driven by a pullback from Acciona of 12%. This takes the industry's 12 month performance to a gain of 35%. Looking forward, earnings are forecast to grow by 3.5% annually.

Industry Valuation and Performance

Has the Spanish Electric Utilities Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 21 Nov 2025	€166.0b	€90.0b	€8.8b	15.4x	18.9x	1.8x
Sun, 19 Oct 2025	€160.1b	€89.6b	€8.3b	16.1x	19.3x	1.8x
Tue, 16 Sep 2025	€149.1b	€89.6b	€8.3b	15.4x	17.9x	1.7x
Thu, 14 Aug 2025	€148.6b	€89.6b	€8.3b	15x	17.9x	1.7x
Sat, 12 Jul 2025	€139.8b	€88.8b	€7.8b	19.1x	18x	1.6x
Mon, 09 Jun 2025	€146.5b	€88.8b	€7.8b	19x	18.8x	1.7x
Wed, 07 May 2025	€144.6b	€88.4b	€7.5b	17.5x	19.3x	1.6x
Fri, 04 Apr 2025	€142.2b	€88.2b	€8.2b	17.1x	17.3x	1.6x
Sun, 02 Mar 2025	€125.7b	€88.9b	€7.6b	17x	16.5x	1.4x
Tue, 28 Jan 2025	€117.8b	€88.7b	€8.3b	17.8x	14.2x	1.3x
Thu, 26 Dec 2024	€117.8b	€88.7b	€8.3b	17.9x	14.2x	1.3x
Sat, 23 Nov 2024	€121.0b	€88.7b	€8.3b	18x	14.6x	1.4x
Mon, 21 Oct 2024	€123.3b	€90.6b	€7.7b	23.4x	16.1x	1.4x
Wed, 18 Sep 2024	€122.5b	€90.6b	€7.7b	23.7x	16x	1.4x
Fri, 16 Aug 2024	€111.3b	€90.6b	€7.7b	21.9x	14.5x	1.2x
Sun, 14 Jul 2024	€110.4b	€90.4b	€7.5b	13.4x	14.7x	1.2x
Tue, 11 Jun 2024	€111.8b	€90.4b	€7.5b	13.6x	14.9x	1.2x
Thu, 09 May 2024	€109.2b	€91.9b	€7.8b	13.2x	14x	1.2x
Sat, 06 Apr 2024	€103.1b	€95.2b	€6.6b	13.7x	15.7x	1.1x
Mon, 04 Mar 2024	€97.1b	€95.6b	€6.6b	12.9x	14.8x	1x
Wed, 31 Jan 2024	€103.6b	€97.2b	€8.0b	11.4x	12.9x	1.1x
Fri, 29 Dec 2023	€108.8b	€97.2b	€8.0b	11.4x	13.5x	1.1x
Sun, 26 Nov 2023	€104.8b	€99.8b	€7.9b	11.4x	13.3x	1x
Tue, 24 Oct 2023	€98.3b	€103.7b	€8.5b	10.6x	11.6x	0.9x
Thu, 21 Sep 2023	€107.1b	€103.7b	€8.5b	11.3x	12.6x	1x
Sat, 19 Aug 2023	€100.8b	€103.7b	€8.5b	10.8x	11.9x	1x
Mon, 17 Jul 2023	€107.8b	€104.9b	€8.6b	13.8x	12.6x	1x
Wed, 14 Jun 2023	€111.9b	€104.9b	€8.6b	14.4x	13.1x	1.1x
Fri, 12 May 2023	€113.5b	€105.1b	€8.3b	14.6x	13.7x	1.1x
Sun, 09 Apr 2023	€114.9b	€101.6b	€7.9b	17.5x	14.6x	1.1x
Tue, 07 Mar 2023	€105.5b	€101.6b	€7.9b	16.1x	13.4x	1x
Thu, 02 Feb 2023	€86.2b	€62.3b	€5.5b	20.3x	15.6x	1.4x
Sat, 31 Dec 2022	€87.6b	€62.3b	€5.5b	19.8x	15.8x	1.4x
Mon, 28 Nov 2022	€87.7b	€62.3b	€5.5b	20.9x	15.9x	1.4x

Price to Earnings Ratio

15.9x

Mon, 28 Nov 2022

Current Industry PE

Investors are optimistic on the Spanish Electric Utilities industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 18.9x 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 1.8x.

Past Earnings Growth

The earnings for companies in the Electric Utilities industry have grown 17% per year over the last three years.
Revenues for these companies have grown 13% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.