Spanish (IBEX) Electric Utilities Industry Analysis

UpdatedMar 22, 2026

DataAggregated Company Financials

Companies4

7D-2.8%
3M7.4%
1Y33.8%
YTDn/a

The Electric Utilities industry is up 2.2% in the last week, with Endesa up 2.6%. In the last 12 months, the industry was up 42%. As for the next few years, earnings are expected to grow by 5.1% per annum.

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
Mon, 23 Mar 2026	€183.4b	€88.3b	€9.2b	16.5x	20x	2.1x
Wed, 18 Feb 2026	€186.8b	€90.0b	€8.8b	16.2x	21.3x	2.1x
Fri, 16 Jan 2026	€170.7b	€90.0b	€8.8b	15.2x	19.4x	1.9x
Sun, 14 Dec 2025	€165.6b	€90.0b	€8.8b	15.2x	18.9x	1.8x
Tue, 11 Nov 2025	€166.5b	€90.0b	€8.8b	15.7x	19x	1.9x
Thu, 09 Oct 2025	€154.6b	€89.6b	€8.3b	15.5x	18.6x	1.7x
Sat, 06 Sep 2025	€150.2b	€89.6b	€8.3b	15.2x	18.1x	1.7x
Mon, 04 Aug 2025	€143.7b	€89.6b	€8.3b	15x	17.3x	1.6x
Wed, 02 Jul 2025	€148.4b	€88.8b	€7.8b	19.4x	19.1x	1.7x
Fri, 30 May 2025	€145.6b	€88.8b	€7.8b	18.4x	18.7x	1.6x
Sun, 27 Apr 2025	€140.9b	€88.2b	€8.2b	16.9x	17.1x	1.6x
Tue, 25 Mar 2025	€129.9b	€88.2b	€8.2b	16.1x	15.8x	1.5x
Thu, 20 Feb 2025	€121.1b	€88.7b	€8.3b	18.4x	14.6x	1.4x
Sat, 18 Jan 2025	€119.3b	€88.7b	€8.3b	18.1x	14.4x	1.3x
Mon, 16 Dec 2024	€118.1b	€88.7b	€8.3b	18x	14.2x	1.3x
Wed, 13 Nov 2024	€116.9b	€89.3b	€8.3b	17.3x	14.1x	1.3x
Fri, 11 Oct 2024	€118.8b	€90.6b	€7.7b	22.3x	15.5x	1.3x
Sun, 08 Sep 2024	€118.9b	€90.6b	€7.7b	23.3x	15.5x	1.3x
Tue, 06 Aug 2024	€108.0b	€90.6b	€7.7b	21.2x	14.1x	1.2x
Thu, 04 Jul 2024	€110.7b	€90.4b	€7.5b	13.3x	14.8x	1.2x
Sat, 01 Jun 2024	€110.9b	€90.0b	€7.5b	13.4x	14.8x	1.2x
Mon, 29 Apr 2024	€105.5b	€92.4b	€7.8b	12.3x	13.5x	1.1x
Wed, 27 Mar 2024	€104.4b	€95.2b	€6.6b	14x	15.9x	1.1x
Fri, 23 Feb 2024	€98.8b	€97.2b	€8.0b	10.8x	12.3x	1x
Sun, 21 Jan 2024	€104.2b	€97.2b	€8.0b	11.2x	12.9x	1.1x
Tue, 19 Dec 2023	€109.8b	€97.2b	€8.0b	11.6x	13.6x	1.1x
Thu, 16 Nov 2023	€102.6b	€99.8b	€7.9b	11.3x	13x	1x
Sat, 14 Oct 2023	€100.9b	€103.7b	€8.5b	10.7x	11.9x	1x
Mon, 11 Sep 2023	€103.7b	€103.7b	€8.5b	11.2x	12.2x	1x
Wed, 09 Aug 2023	€103.0b	€103.7b	€8.5b	11.3x	12.1x	1x
Fri, 07 Jul 2023	€109.9b	€104.9b	€8.6b	14x	12.8x	1x
Sun, 04 Jun 2023	€112.5b	€104.9b	€8.6b	14.3x	13.1x	1.1x
Tue, 02 May 2023	€114.0b	€101.6b	€7.9b	17.5x	14.4x	1.1x
Thu, 30 Mar 2023	€110.5b	€101.6b	€7.9b	16.8x	14x	1.1x

Price to Earnings Ratio

14x

Thu, 30 Mar 2023

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 20.1x which is higher than its 3-year average PE of 15.5x.

The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.1x.

Past Earnings Growth

The earnings for companies in the Electric Utilities industry have grown 5.2% per year over the last three years.
Meanwhile revenues for these companies have declined 4.6% per year.
This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.