Spanish (IBEX) Electric Utilities Industry Analysis

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, 22 Jun 2026	€202.5b	€87.7b	€9.1b	18.1x	22.2x	2.3x
Wed, 20 May 2026	€190.3b	€87.7b	€9.1b	16.7x	20.9x	2.2x
Fri, 17 Apr 2026	€192.2b	€88.3b	€9.2b	17.1x	20.9x	2.2x
Sun, 15 Mar 2026	€188.8b	€88.3b	€9.2b	16.7x	20.6x	2.1x
Tue, 10 Feb 2026	€182.1b	€90.0b	€8.8b	15.6x	20.7x	2x
Thu, 08 Jan 2026	€177.3b	€90.0b	€8.8b	15.7x	20.2x	2x
Sat, 06 Dec 2025	€166.3b	€90.0b	€8.8b	15.4x	18.9x	1.8x
Mon, 03 Nov 2025	€165.3b	€90.0b	€8.8b	15.7x	18.8x	1.8x
Wed, 01 Oct 2025	€151.4b	€89.6b	€8.3b	15.4x	18.2x	1.7x
Fri, 29 Aug 2025	€154.1b	€89.6b	€8.3b	15.3x	18.5x	1.7x
Sun, 27 Jul 2025	€145.4b	€88.7b	€8.0b	19.4x	18.3x	1.6x
Tue, 24 Jun 2025	€151.7b	€88.8b	€7.8b	19.3x	19.5x	1.7x
Thu, 22 May 2025	€147.3b	€88.8b	€7.8b	18.5x	19x	1.7x
Sat, 19 Apr 2025	€140.2b	€88.2b	€8.2b	16.4x	17x	1.6x
Mon, 17 Mar 2025	€126.3b	€88.2b	€8.2b	15.8x	15.4x	1.4x
Wed, 12 Feb 2025	€121.1b	€88.7b	€8.3b	18.4x	14.6x	1.4x
Fri, 10 Jan 2025	€122.1b	€88.7b	€8.3b	18.1x	14.7x	1.4x
Sun, 08 Dec 2024	€121.3b	€88.7b	€8.3b	18.5x	14.6x	1.4x
Tue, 05 Nov 2024	€121.4b	€89.3b	€8.3b	17.7x	14.7x	1.4x
Thu, 03 Oct 2024	€123.1b	€90.6b	€7.7b	23.6x	16.1x	1.4x
Sat, 31 Aug 2024	€116.1b	€90.6b	€7.7b	22.9x	15.1x	1.3x
Mon, 29 Jul 2024	€110.5b	€88.8b	€8.1b	13x	13.7x	1.2x
Wed, 26 Jun 2024	€114.3b	€90.4b	€7.5b	13.9x	15.3x	1.3x
Fri, 24 May 2024	€111.2b	€90.0b	€7.5b	13.3x	14.8x	1.2x
Sun, 21 Apr 2024	€104.3b	€95.2b	€6.6b	14x	15.9x	1.1x
Tue, 19 Mar 2024	€100.8b	€95.2b	€6.6b	13.5x	15.4x	1.1x
Thu, 15 Feb 2024	€99.1b	€97.2b	€8.0b	10.6x	12.3x	1x
Sat, 13 Jan 2024	€109.2b	€97.2b	€8.0b	11.7x	13.6x	1.1x
Mon, 11 Dec 2023	€110.4b	€97.2b	€8.0b	11.8x	13.7x	1.1x
Wed, 08 Nov 2023	€98.7b	€99.8b	€7.9b	11.2x	12.5x	1x
Fri, 06 Oct 2023	€96.1b	€103.7b	€8.5b	10.5x	11.3x	0.9x
Sun, 03 Sep 2023	€103.1b	€103.7b	€8.5b	11.2x	12.1x	1x
Tue, 01 Aug 2023	€108.9b	€103.7b	€8.5b	11.5x	12.7x	1x
Thu, 29 Jun 2023	€114.2b	€104.9b	€8.6b	14.6x	13.3x	1.1x

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 22.2x which is higher than its 3-year average PE of 16.2x.

The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.3x.

Past Earnings Growth

The earnings for companies in the Electric Utilities industry have grown 2.1% per year over the last three years.
Meanwhile revenues for these companies have declined 5.8% per year.
This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Comparison

How does Spanish Electric Utilities compare with similar industries?


ES Market	1.34%
Utilities	1.50%
Electric Utilities	2.17%
Electric Utilities	2.17%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Company	Last Price	7D	1Y	Valuation
IBE Iberdrola	€20.83	2.5% +€3.4b	26.7%	PE25.3x
ANA Acciona	€281.20	8.3% +€1.2b	91.4%	PE19.1x
RED Redeia Corporación	€15.30	1.0% +€81.1m	-16.5%	PE16.9x

Company

Last Price

Valuation

IBE Iberdrola

€20.83

2.5%
+€3.4b

26.7%

PE25.3x

ANA Acciona

€281.20

8.3%
+€1.2b

91.4%

PE19.1x

RED Redeia Corporación

€15.30

1.0%
+€81.1m

-16.5%

PE16.9x

New major risk - Revenue and earnings growth

Earnings have declined by 41% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-€28m). Earnings have declined by 41% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (6.0% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (€27.2m market cap, or US$31.4m).

Spanish (IBEX) Electric Utilities Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Iberdrola Stock Draws Focus With $5 Billion Brazil Investment Plan by 2030

ANA: Higher Street Pessimism On Shares Will Test Fair Value Conviction

New major risk - Revenue and earnings growth

ELE: Future Returns Will Depend On New Leadership And Recalibrated Market Confidence

High number of new directors