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Spanish (IBEX) Market Analysis & Valuation

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies246
  • 7D-0.6%
  • 3M8.6%
  • 1Y35.2%
  • YTD2.3%

Over the last 7 days, the market has remained flat, although notably the Communication Services sector gained 4.9% in that time. Meanwhile, the market is actually up 35% over the past year. As for the next few years, earnings are expected to grow by 7.0% per annum.

Trending IndustriesRenewable Energy

Market Valuation and Performance

Has the Spanish Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026€1.1t€591.6b€66.7b17x16.9x1.9x
Wed, 07 Jan 2026€1.1t€593.8b€65.4b17.3x17x1.9x
Fri, 05 Dec 2025€1.1t€598.2b€65.9b16.9x16.1x1.8x
Sun, 02 Nov 2025€1.0t€596.0b€66.4b16.8x15.4x1.7x
Tue, 30 Sep 2025€980.5b€593.2b€65.7b18.2x14.9x1.7x
Thu, 28 Aug 2025€967.7b€592.8b€65.7b19.2x14.7x1.6x
Sat, 26 Jul 2025€926.2b€588.6b€64.1b19.1x14.5x1.6x
Mon, 23 Jun 2025€903.3b€589.3b€64.8b18.9x13.9x1.5x
Wed, 21 May 2025€928.8b€588.2b€64.7b19.3x14.4x1.6x
Fri, 18 Apr 2025€854.4b€582.6b€62.8b19.1x13.6x1.5x
Sun, 16 Mar 2025€852.8b€581.6b€63.2b18.7x13.5x1.5x
Tue, 11 Feb 2025€839.9b€579.5b€59.6b19.3x14.1x1.4x
Thu, 09 Jan 2025€792.1b€572.8b€57.1b19.1x13.9x1.4x
Sat, 07 Dec 2024€811.3b€572.9b€57.1b19.7x14.2x1.4x
Mon, 04 Nov 2024€803.2b€574.7b€58.4b20.2x13.8x1.4x
Wed, 02 Oct 2024€794.4b€572.1b€56.0b19x14.2x1.4x
Fri, 30 Aug 2024€776.2b€570.8b€56.0b19.1x13.9x1.4x
Sun, 28 Jul 2024€761.9b€564.0b€54.9b18.9x13.9x1.4x
Tue, 25 Jun 2024€764.1b€564.7b€53.5b17.7x14.3x1.4x
Thu, 23 May 2024€770.6b€563.4b€53.3b16.6x14.4x1.4x
Sat, 20 Apr 2024€719.1b€559.7b€50.5b16x14.2x1.3x
Mon, 18 Mar 2024€708.7b€560.0b€50.6b15.7x14x1.3x
Wed, 14 Feb 2024€671.1b€559.5b€55.7b15.1x12x1.2x
Fri, 12 Jan 2024€682.4b€557.4b€53.9b15.1x12.6x1.2x
Sun, 10 Dec 2023€696.1b€557.5b€53.7b15.5x13x1.2x
Tue, 07 Nov 2023€633.3b€559.9b€53.6b14.2x11.8x1.1x
Thu, 05 Oct 2023€641.3b€569.4b€51.1b14.7x12.6x1.1x
Sat, 02 Sep 2023€650.7b€569.4b€51.2b15x12.7x1.1x
Mon, 31 Jul 2023€662.0b€568.2b€51.3b16.2x12.9x1.2x
Wed, 28 Jun 2023€642.2b€569.9b€50.9b16.9x12.6x1.1x
Fri, 26 May 2023€632.2b€575.5b€50.6b17.1x12.5x1.1x
Sun, 23 Apr 2023€649.4b€561.3b€49.8b17.6x13x1.2x
Tue, 21 Mar 2023€604.3b€560.3b€49.6b15.5x12.2x1.1x
Thu, 16 Feb 2023€615.6b€514.2b€45.5b17.5x13.5x1.2x
Price to Earnings Ratio

13.5x


Total Market Cap: €615.6bTotal Earnings: €45.5bTotal Revenue: €514.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Market Price to Earnings3Y Average 13.8x202420252026
Current Market PE
  • Investors are optimistic on the Spanish market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 16.9x which is higher than its 3-year average PE of 13.8x.
Past Earnings Growth
  • The earnings for Spanish listed companies have grown 14% per year over the last three years.
  • Revenues for these companies have grown 4.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Spanish Market?

ES Market-0.60%
Telecom4.89%
Industrials3.52%
Materials2.84%
Utilities2.37%
Energy1.94%
Real Estate1.42%
Consumer Discretionary1.31%
Healthcare-0.11%
Consumer Staples-0.93%
Financials-5.11%
Tech-7.89%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 23.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 8.6% which is higher than its past year's earnings decline of 1.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 60% over the next 5 years.
  • This is better than its past earnings decline of 36% per year.
  • In contrast, the Industrials sector is expected to see its earnings decline by 3.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
ITX Industria de Diseño Textil€57.143.0%
+€5.1b		7.3%PE29.5xConsumer Discretionary
IBE Iberdrola€19.372.5%
+€4.6b		42.7%PE24.6xUtilities
AENA Aena S.M.E€27.664.7%
+€1.9b		26.9%PE20.1xIndustrials
FER Ferrovial€59.984.3%
+€1.8b		42.8%PE12.9xIndustrials
ELE Endesa€31.743.5%
+€1.1b		45.3%PE15.1xUtilities
See more

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FER: Rising Morgan Stanley Outlook And Buybacks Will Shape Future Returns

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ELE
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Endesa
7D
3.5%
1Y
45.3%

ELE: Margin Normalization And Diverging Research Views Will Shape Future Returns

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SAN
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REP
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Repsol
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2.7%
1Y
45.2%

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ITX
€57.14
Industria de Diseño Textil
7D
3.0%
1Y
7.3%

ITX: Product Strength And Free Cash Flow Will Support Fairly Valued Outlook

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AMS
€52.14
Amadeus IT Group
7D
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IBE
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Iberdrola
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2.5%
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IBE: Power Demand And Green Hydrogen Will Shape A Balanced Outlook

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€14.42
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€2.75
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