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Spanish (IBEX) Market Analysis & Valuation

UpdatedMar 23, 2026
DataAggregated Company Financials
Companies246
  • 7D-1.9%
  • 3M-2.3%
  • 1Y22.4%
  • YTD-3.9%

The market has dropped by 22% in the last 7 days, with the Utilities sector leading declines. Meanwhile, the Energy sector has outperformed, gaining 5.1% in that time. In the last year, the market is actually up 22%. Looking forward, earnings are forecast to grow by 11% annually.

Trending IndustriesRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Mar 2026€1.1t€589.5b€63.0b15.9x16.8x1.8x
Wed, 18 Feb 2026€1.1t€595.8b€65.1b17.4x17.3x1.9x
Fri, 16 Jan 2026€1.1t€593.8b€65.4b17.2x16.9x1.9x
Sun, 14 Dec 2025€1.1t€598.7b€66.1b16.9x16.2x1.8x
Tue, 11 Nov 2025€1.0t€596.4b€65.9b16.6x15.6x1.7x
Thu, 09 Oct 2025€1.0t€593.1b€65.7b18.5x15.3x1.7x
Sat, 06 Sep 2025€954.9b€592.8b€65.8b18.6x14.5x1.6x
Mon, 04 Aug 2025€914.3b€591.5b€65.9b18.2x13.9x1.5x
Wed, 02 Jul 2025€910.7b€589.3b€64.8b19.6x14.1x1.5x
Fri, 30 May 2025€919.4b€589.1b€64.6b19.1x14.2x1.6x
Sun, 27 Apr 2025€880.5b€583.1b€62.9b19.2x14x1.5x
Tue, 25 Mar 2025€872.6b€581.6b€63.2b18.8x13.8x1.5x
Thu, 20 Feb 2025€873.0b€577.7b€59.6b19.6x14.6x1.5x
Sat, 18 Jan 2025€792.7b€572.8b€57.1b19x13.9x1.4x
Mon, 16 Dec 2024€788.4b€573.6b€57.2b19.1x13.8x1.4x
Wed, 13 Nov 2024€769.2b€575.2b€58.2b19.6x13.2x1.3x
Fri, 11 Oct 2024€792.3b€571.9b€56.0b18.9x14.1x1.4x
Sun, 08 Sep 2024€760.8b€570.8b€56.0b19.2x13.6x1.3x
Tue, 06 Aug 2024€715.2b€570.8b€56.0b19.2x12.8x1.3x
Thu, 04 Jul 2024€753.2b€564.8b€53.6b17.7x14.1x1.3x
Sat, 01 Jun 2024€770.2b€564.6b€53.4b17.7x14.4x1.4x
Mon, 29 Apr 2024€741.2b€556.7b€51.8b16x14.3x1.3x
Wed, 27 Mar 2024€730.6b€560.0b€50.6b15.9x14.4x1.3x
Fri, 23 Feb 2024€683.8b€569.6b€55.7b14.9x12.3x1.2x
Sun, 21 Jan 2024€672.4b€557.6b€53.9b14.7x12.5x1.2x
Tue, 19 Dec 2023€689.4b€557.0b€53.7b15.4x12.8x1.2x
Thu, 16 Nov 2023€658.4b€559.6b€53.4b14.9x12.3x1.2x
Sat, 14 Oct 2023€636.2b€570.5b€51.4b15x12.4x1.1x
Mon, 11 Sep 2023€646.1b€569.4b€51.2b14.9x12.6x1.1x
Wed, 09 Aug 2023€637.1b€569.3b€51.3b15.2x12.4x1.1x
Fri, 07 Jul 2023€642.3b€577.5b€50.9b17.1x12.6x1.1x
Sun, 04 Jun 2023€642.9b€576.1b€50.7b17.1x12.7x1.1x
Tue, 02 May 2023€638.8b€561.1b€50.0b17.6x12.8x1.1x
Thu, 30 Mar 2023€628.1b€561.0b€49.8b16.8x12.6x1.1x
Price to Earnings Ratio

12.6x


Total Market Cap: €628.1bTotal Earnings: €49.8bTotal Revenue: €561.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Market Price to Earnings3Y Average 14x202420252026
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 16.8x which is higher than its 3-year average PE of 14.0x.
Past Earnings Growth
  • The earnings for Spanish listed companies have grown 8.2% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the Spanish Market?

ES Market-1.92%
Energy5.09%
Real Estate-0.92%
Financials-1.25%
Materials-1.44%
Consumer Staples-1.70%
Utilities-2.02%
Consumer Discretionary-2.11%
Industrials-2.53%
Healthcare-2.96%
Telecom-6.06%
Tech-13.03%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading close to its 3-year average PE ratio of 27.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 8.2%, which is higher than its past year's earnings growth of 1.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 84% over the next 5 years.
  • However this is lower than its past earnings growth rate of 163% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 3.8% 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
REP Repsol€24.264.0%
+€1.0b		102.8%PE14.6xEnergy
CABK CaixaBank€9.951.1%
+€728.8m		36.2%PB1.8xFinancials
NTGY Naturgy Energy Group€26.061.8%
+€426.1m		4.1%PE11.9xUtilities
ART Arteche Lantegi Elkartea€28.605.9%
+€91.2m		266.7%PE48.6xIndustrials
SLR Solaria Energía y Medio Ambiente€22.183.4%
+€88.1m		212.4%PE15.7xUtilities
See more

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