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Spanish (IBEX) Market Analysis & Valuation

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies246
  • 7D1.4%
  • 3M11.3%
  • 1Y39.0%
  • YTD2.8%

The market is up 1.4% over the last week, with the Financials sector leading the way, up 2.7%. On the other hand, with a decline of 7.7%, the Information Technology sector is lagging behind. As for the past 12 months, the market is up 39%. As for the next few years, earnings are expected to grow by 7.5% per annum.

Trending IndustriesRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026€1.1t€594.2b€65.7b17.1x17.2x1.9x
Fri, 02 Jan 2026€1.1t€598.5b€66.1b16.6x16.6x1.8x
Sun, 30 Nov 2025€1.0t€598.3b€65.9b17x15.7x1.7x
Tue, 28 Oct 2025€1.0t€593.3b€65.3b17.7x15.7x1.7x
Thu, 25 Sep 2025€975.1b€595.5b€65.9b18.4x14.8x1.6x
Sat, 23 Aug 2025€988.8b€592.8b€65.7b19x15x1.7x
Mon, 21 Jul 2025€902.7b€589.0b€64.7b19.1x14x1.5x
Wed, 18 Jun 2025€907.4b€589.3b€64.8b19x14x1.5x
Fri, 16 May 2025€906.1b€588.5b€64.8b18x14x1.5x
Sun, 13 Apr 2025€817.2b€582.4b€62.8b18.1x13x1.4x
Tue, 11 Mar 2025€862.0b€580.8b€63.1b18.8x13.7x1.5x
Thu, 06 Feb 2025€820.1b€574.2b€57.6b20.1x14.2x1.4x
Sat, 04 Jan 2025€784.3b€572.8b€57.2b19.3x13.7x1.4x
Mon, 02 Dec 2024€785.3b€572.9b€57.2b20x13.7x1.4x
Wed, 30 Oct 2024€803.0b€574.2b€56.7b19.7x14.2x1.4x
Fri, 27 Sep 2024€810.6b€571.7b€56.0b19.9x14.5x1.4x
Sun, 25 Aug 2024€772.3b€570.8b€56.0b19.3x13.8x1.4x
Tue, 23 Jul 2024€760.7b€564.9b€53.8b18.3x14.1x1.3x
Thu, 20 Jun 2024€756.7b€564.7b€53.5b17.7x14.1x1.3x
Sat, 18 May 2024€769.0b€563.5b€53.5b16.3x14.4x1.4x
Mon, 15 Apr 2024€713.3b€559.7b€50.5b15.9x14.1x1.3x
Wed, 13 Mar 2024€692.4b€560.2b€50.6b15.3x13.7x1.2x
Fri, 09 Feb 2024€670.2b€558.4b€56.1b15.1x12x1.2x
Sun, 07 Jan 2024€691.2b€557.4b€53.9b15.4x12.8x1.2x
Tue, 05 Dec 2023€692.4b€557.7b€53.7b15.1x12.9x1.2x
Thu, 02 Nov 2023€619.8b€563.1b€53.6b14.5x11.6x1.1x
Sat, 30 Sep 2023€648.0b€569.4b€51.1b15.1x12.7x1.1x
Mon, 28 Aug 2023€644.4b€569.3b€51.2b15.2x12.6x1.1x
Wed, 26 Jul 2023€657.2b€578.0b€51.0b17.4x12.9x1.1x
Fri, 23 Jun 2023€668.5b€577.3b€51.0b17.2x13.1x1.2x
Sun, 21 May 2023€637.9b€576.0b€50.7b17.2x12.6x1.1x
Tue, 18 Apr 2023€647.7b€561.3b€49.8b17.4x13x1.2x
Thu, 16 Mar 2023€610.1b€564.0b€49.5b16.8x12.3x1.1x
Sat, 11 Feb 2023€623.1b€527.5b€44.4b17.5x14x1.2x
Price to Earnings Ratio

14x


Total Market Cap: €623.1bTotal Earnings: €44.4bTotal Revenue: €527.5bTotal 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 17.2x 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 4.0% 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 Market1.45%
Energy3.87%
Telecom3.34%
Financials2.73%
Real Estate1.21%
Industrials1.19%
Utilities0.97%
Consumer Staples0.21%
Consumer Discretionary-0.041%
Healthcare-0.32%
Materials-0.56%
Tech-7.71%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading close to 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 3.0% 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
SAN Banco Santander€11.092.8%
+€4.2b		122.2%PB1.6xFinancials
CABK CaixaBank€11.405.1%
+€3.9b		92.0%PB2.1xFinancials
BBVA Banco Bilbao Vizcaya Argentaria€22.031.8%
+€2.2b		100.3%PB2.2xFinancials
IBE Iberdrola€19.001.3%
+€1.6b		38.8%PE23.9xUtilities
ITX Industria de Diseño Textil€54.760.6%
+€1.1b		4.6%PE28.2xConsumer Discretionary
See more

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