Spanish (IBEX) Renewable Energy Industry Analysis

UpdatedFeb 04, 2026

DataAggregated Company Financials

Companies7

7D-1.6%
3M-2.9%
1Y42.3%
YTD-1.9%

Over the last 7 days, the Renewable Energy industry has dropped 1.6%, driven by a pullback from Grenergy Renovables of 3.1%. In the past year, the industry has gained 42%. Looking forward, earnings are forecast to decline by 4.8% per year.

Industry Valuation and Performance

Has the Spanish Renewable Energy Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 04 Feb 2026	€13.6b	€8.9b	€1.1b	21.6x	12.6x	1.5x
Fri, 02 Jan 2026	€13.6b	€8.9b	€1.1b	20.7x	12.6x	1.5x
Sun, 30 Nov 2025	€12.5b	€8.9b	€1.1b	18.1x	11.6x	1.4x
Tue, 28 Oct 2025	€13.8b	€8.8b	€1.0b	18.4x	13.5x	1.6x
Thu, 25 Sep 2025	€12.6b	€8.7b	€1.0b	17.2x	12.5x	1.4x
Sat, 23 Aug 2025	€13.2b	€8.7b	€1.0b	17.2x	13x	1.5x
Mon, 21 Jul 2025	€13.1b	€7.9b	€641.0m	21.4x	20.4x	1.7x
Wed, 18 Jun 2025	€11.0b	€7.9b	€641.0m	17.1x	17.2x	1.4x
Fri, 16 May 2025	€9.8b	€7.7b	€573.2m	15.5x	17.1x	1.3x
Sun, 13 Apr 2025	€8.9b	€7.7b	€570.7m	15.3x	15.6x	1.2x
Tue, 11 Mar 2025	€9.5b	€7.6b	€594.7m	13.4x	16x	1.3x
Thu, 06 Feb 2025	€9.7b	€6.9b	€328.1m	13.2x	29.6x	1.4x
Sat, 04 Jan 2025	€10.3b	€6.9b	€328.1m	14.3x	31.5x	1.5x
Mon, 02 Dec 2024	€9.8b	€6.3b	€325.8m	17.4x	30x	1.6x
Wed, 30 Oct 2024	€9.8b	€6.4b	€352.4m	19.6x	27.9x	1.5x
Fri, 27 Sep 2024	€10.7b	€6.5b	€352.1m	21.7x	30.3x	1.6x
Sun, 25 Aug 2024	€10.5b	€6.5b	€352.1m	20.1x	29.8x	1.6x
Tue, 23 Jul 2024	€9.7b	€6.8b	€692.1m	19.1x	14x	1.4x
Thu, 20 Jun 2024	€10.2b	€6.8b	€692.1m	18.8x	14.8x	1.5x
Sat, 18 May 2024	€10.7b	€7.0b	€678.3m	16.3x	15.7x	1.5x
Mon, 15 Apr 2024	€10.7b	€7.2b	€727.4m	17.9x	14.7x	1.5x
Wed, 13 Mar 2024	€10.5b	€7.2b	€746.3m	15.3x	14.1x	1.5x
Fri, 09 Feb 2024	€11.8b	€7.6b	€1.0b	15.9x	11.6x	1.5x
Sun, 07 Jan 2024	€13.6b	€7.6b	€1.0b	18.1x	13.5x	1.8x
Tue, 05 Dec 2023	€14.1b	€7.8b	€1.0b	18.5x	14x	1.8x
Thu, 02 Nov 2023	€12.6b	€7.7b	€934.3m	19.2x	13.5x	1.6x
Sat, 30 Sep 2023	€12.3b	€7.7b	€938.7m	20.4x	13.2x	1.6x
Mon, 28 Aug 2023	€13.0b	€7.6b	€950.2m	16.4x	13.7x	1.7x
Wed, 26 Jul 2023	€14.2b	€8.1b	€934.2m	17.6x	15.2x	1.8x
Fri, 23 Jun 2023	€14.8b	€8.1b	€934.2m	17.2x	15.9x	1.8x
Sun, 21 May 2023	€14.7b	€8.1b	€935.9m	19x	15.7x	1.8x
Tue, 18 Apr 2023	€15.7b	€8.0b	€944.9m	18.7x	16.6x	2x
Thu, 16 Mar 2023	€16.0b	€7.9b	€942.4m	19.6x	17x	2x
Sat, 11 Feb 2023	€16.8b	€6.7b	€722.5m	28.5x	23.2x	2.5x

Price to Earnings Ratio

23.2x

Sat, 11 Feb 2023

Current Industry PE

Investors are pessimistic on the Spanish Renewable Energy industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 12.6x which is lower than its 3-year average PE of 17.7x.

The industry is trading close to its 3-year average PS ratio of 1.6x.

Past Earnings Growth

The earnings for companies in the Renewable Energy industry have grown 14% per year over the last three years.
Revenues for these companies have grown 10% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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


ES Market	1.45%
Utilities	0.97%
Renewable Energy	-1.60%
Independent Power Producers and Energy Traders	0%	0
Renewable Energy	-1.60%

Industry PE

Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 17.7x.

Analysts are expecting annual earnings decline of 4.8%, which is less than its past year's earnings decline of 11.4%.

Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 17.7x.

Forecasted Growth

Despite it being negative, analysts are least pessimistic on the Renewable Energy industry since they expect its earnings to decline by only 4.8% per year over the next 5 years, which isn't as bad as the other industries.
This is an improvement from its past earnings decline of 11% per year.