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Spanish (IBEX) Market Analysis & Valuation

UpdatedMay 02, 2025
DataAggregated Company Financials
Companies247
  • 7D-0.4%
  • 3M6.4%
  • 1Y19.1%
  • YTD11.8%

The market has been flat over the last week. More promisingly, the market is up 19% over the past year. Earnings are forecast to grow by 5.1% annually.

Trending IndustriesRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 02 May 2025€876.6b€583.4b€63.9b18.4x13.7x1.5x
Sun, 30 Mar 2025€874.5b€581.2b€62.8b18.8x13.9x1.5x
Tue, 25 Feb 2025€860.1b€576.0b€58.5b19.3x14.7x1.5x
Thu, 23 Jan 2025€791.9b€573.7b€57.4b18.9x13.8x1.4x
Sat, 21 Dec 2024€771.3b€573.6b€57.2b19x13.5x1.3x
Mon, 18 Nov 2024€786.4b€576.3b€58.4b19.3x13.5x1.4x
Wed, 16 Oct 2024€809.7b€571.9b€56.0b19x14.5x1.4x
Fri, 13 Sep 2024€776.0b€571.7b€56.0b19.3x13.8x1.4x
Sun, 11 Aug 2024€729.0b€570.8b€56.0b18.9x13x1.3x
Tue, 09 Jul 2024€752.5b€564.8b€53.6b17.5x14.1x1.3x
Thu, 06 Jun 2024€774.6b€564.7b€53.4b17.6x14.5x1.4x
Sat, 04 May 2024€737.7b€564.5b€53.3b16.6x13.9x1.3x
Mon, 01 Apr 2024€736.1b€559.9b€50.6b16.4x14.6x1.3x
Wed, 28 Feb 2024€681.4b€565.0b€52.0b15.2x13.1x1.2x
Fri, 26 Jan 2024€676.6b€557.6b€53.9b14.9x12.5x1.2x
Sun, 24 Dec 2023€690.1b€557.5b€54.0b15.3x12.8x1.2x
Tue, 21 Nov 2023€670.6b€560.2b€53.5b15.2x12.5x1.2x
Thu, 19 Oct 2023€636.0b€570.6b€51.4b14.6x12.4x1.1x
Sat, 16 Sep 2023€657.9b€569.4b€51.2b14.9x12.9x1.2x
Mon, 14 Aug 2023€644.6b€569.3b€51.2b15.5x12.6x1.1x
Wed, 12 Jul 2023€645.2b€577.5b€50.9b17.1x12.7x1.1x
Fri, 09 Jun 2023€645.3b€577.0b€51.0b17.5x12.7x1.1x
Sun, 07 May 2023€634.2b€564.5b€50.4b18x12.6x1.1x
Tue, 04 Apr 2023€634.5b€561.1b€49.8b16.9x12.7x1.1x
Thu, 02 Mar 2023€640.3b€558.3b€51.3b17x12.5x1.1x
Sat, 28 Jan 2023€619.7b€522.8b€42.5b17.6x14.6x1.2x
Mon, 26 Dec 2022€570.9b€522.8b€42.5b16.9x13.4x1.1x
Wed, 23 Nov 2022€575.1b€521.0b€43.8b17.3x13.1x1.1x
Fri, 21 Oct 2022€546.1b€516.6b€43.2b15.9x12.6x1.1x
Sun, 18 Sep 2022€574.2b€514.1b€42.9b15.5x13.4x1.1x
Tue, 16 Aug 2022€605.6b€514.2b€42.9b16.9x14.1x1.2x
Thu, 14 Jul 2022€580.7b€488.7b€43.9b15.6x13.2x1.2x
Sat, 11 Jun 2022€606.7b€486.7b€43.5b17.2x13.9x1.2x
Mon, 09 May 2022€600.9b€473.0b€43.1b18.6x13.9x1.3x
Price to Earnings Ratio

13.9x


Total Market Cap: €600.9bTotal Earnings: €43.1bTotal Revenue: €473.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Market Price to Earnings3Y Average 13.4x202320242025
Current Market PE
  • Investors are relatively neutral on the Spanish market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 13.4x.
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 7.2% 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-0.40%
Tech2.86%
Telecom2.82%
Utilities2.27%
Industrials1.95%
Real Estate0.95%
Energy0.87%
Healthcare-0.12%
Consumer Staples-0.22%
Materials-1.17%
Financials-2.45%
Consumer Discretionary-2.47%
Sector PE
  • Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 37.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 28.0%, which is higher than its past year's earnings growth of 11.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 39% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Industrials sector is expected to see its earnings decline by 9.7% 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
IBE Iberdrola€15.792.2%
+€2.1b
36.4%PE21.2xUtilities
AENA Aena S.M.E€228.205.6%
+€1.8b
32.1%PE17.3xIndustrials
FER Ferrovial€43.813.8%
+€1.2b
28.0%PE9.8xIndustrials
ACS ACS Actividades de Construcción y Servicios€56.655.4%
+€738.9m
49.6%PE17.4xIndustrials
ELE Endesa€26.222.3%
+€624.5m
52.1%PE14.7xUtilities
See more
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Market Insights

The level of uncertainty has been off the charts lately. That’s why we’ve been talking about defensive strategies over the last few weeks. Playing defense is one way to take on an uncertain future...

Latest News

AENA

€228.20

Aena S.M.E

7D

5.6%

1Y

32.1%

IBE

€15.79

Iberdrola

7D

2.2%

1Y

36.4%

RED

€17.80

Redeia Corporación

7D

-7.0%

1Y

11.9%

VIS

€64.20

Viscofan

7D

-3.3%

1Y

6.8%

IDR

€29.26

Indra Sistemas

7D

8.6%

1Y

62.5%

BBVA

€12.22

Banco Bilbao Vizcaya Argentaria

7D

-1.9%

1Y

24.1%

ACS

€56.65

ACS Actividades de Construcción y Servicios

7D

5.4%

1Y

49.6%

SAN

€6.34

Banco Santander

7D

-1.2%

1Y

39.9%

ITX

€47.91

Industria de Diseño Textil

7D

-1.6%

1Y

11.9%

SAB

€2.53

Banco de Sabadell

7D

-3.4%

1Y

34.2%