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Spanish (IBEX) Market Analysis & Valuation

UpdatedMar 13, 2025
DataAggregated Company Financials
Companies247
  • 7D-2.9%
  • 3M7.2%
  • 1Y18.4%
  • YTD7.3%

Over the last 7 days, the market has dropped 2.9%, driven by a pullback of 10% in the Consumer Discretionary sector. In contrast to the last week, the market is actually up 18% over the past year. Earnings are forecast to grow by 6.2% annually.

Trending IndustriesRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 14 Mar 2025€842.4b€580.7b€63.1b18.8x13.4x1.5x
Sun, 09 Feb 2025€835.9b€579.3b€59.6b19.2x14x1.4x
Tue, 07 Jan 2025€793.3b€572.7b€57.2b19.3x13.9x1.4x
Thu, 05 Dec 2024€804.8b€572.9b€57.1b19.6x14.1x1.4x
Sat, 02 Nov 2024€803.2b€575.2b€58.2b19.4x13.8x1.4x
Mon, 30 Sep 2024€811.5b€571.7b€56.0b19.8x14.5x1.4x
Wed, 28 Aug 2024€774.3b€570.8b€56.0b19x13.8x1.4x
Fri, 26 Jul 2024€760.2b€567.9b€54.4b18x14x1.3x
Sun, 23 Jun 2024€755.7b€564.7b€53.5b17.7x14.1x1.3x
Tue, 21 May 2024€770.6b€563.2b€53.5b16.3x14.4x1.4x
Thu, 18 Apr 2024€712.0b€559.7b€50.5b15.9x14.1x1.3x
Sat, 16 Mar 2024€708.7b€561.0b€50.9b15.5x13.9x1.3x
Mon, 12 Feb 2024€669.1b€558.4b€56.1b15.1x11.9x1.2x
Wed, 10 Jan 2024€685.0b€557.4b€53.9b14.8x12.7x1.2x
Fri, 08 Dec 2023€690.5b€557.7b€53.7b15.4x12.9x1.2x
Sun, 05 Nov 2023€637.7b€560.0b€53.4b14.4x11.9x1.1x
Tue, 03 Oct 2023€648.0b€569.4b€51.1b14.9x12.7x1.1x
Thu, 31 Aug 2023€657.0b€569.4b€51.2b14.9x12.8x1.2x
Sat, 29 Jul 2023€663.1b€575.0b€51.6b16.7x12.8x1.2x
Mon, 26 Jun 2023€641.4b€569.7b€50.9b16.2x12.6x1.1x
Wed, 24 May 2023€638.5b€576.0b€50.7b17.4x12.6x1.1x
Fri, 21 Apr 2023€651.1b€561.3b€49.8b17.5x13.1x1.2x
Sun, 19 Mar 2023€594.9b€562.6b€49.3b16.3x12.1x1.1x
Tue, 14 Feb 2023€629.2b€524.2b€44.4b17.5x14.2x1.2x
Thu, 12 Jan 2023€600.2b€522.8b€42.5b17.3x14.1x1.1x
Sat, 10 Dec 2022€571.1b€522.0b€42.4b17x13.5x1.1x
Mon, 07 Nov 2022€568.1b€533.6b€44.2b15.2x12.9x1.1x
Wed, 05 Oct 2022€550.8b€516.0b€43.2b15.1x12.7x1.1x
Fri, 02 Sep 2022€563.3b€514.1b€42.9b16.8x13.1x1.1x
Sun, 31 Jul 2022€592.6b€505.0b€40.5b16x14.6x1.2x
Tue, 28 Jun 2022€596.6b€488.7b€43.9b18.1x13.6x1.2x
Thu, 26 May 2022€624.6b€483.1b€43.2b17.9x14.5x1.3x
Sat, 23 Apr 2022€619.5b€463.7b€44.8b18.9x13.8x1.3x
Mon, 21 Mar 2022€604.5b€463.6b€44.8b18.7x13.5x1.3x
Price to Earnings Ratio

13.5x


Total Market Cap: €604.5bTotal Earnings: €44.8bTotal Revenue: €463.6bTotal 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 12% per year over the last three years.
  • Revenues for these companies have grown 7.8% 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-2.90%
Utilities1.85%
Tech0.35%
Financials-0.78%
Real Estate-0.87%
Telecom-0.93%
Materials-1.53%
Consumer Staples-1.58%
Energy-2.46%
Industrials-2.98%
Healthcare-7.03%
Consumer Discretionary-10.11%
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 38.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 29.2%, which is higher than its past year's earnings growth of 17.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 45% 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 9.2% 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€13.913.9%
+€3.3b
28.4%PE16.1xUtilities
ELE Endesa€22.045.2%
+€1.1b
36.8%PE12.4xUtilities
TEF Telefónica€4.354.8%
+€1.1b
12.3%PS0.6xTelecom
CLNX Cellnex Telecom€32.022.6%
+€564.5m
-1.6%PS5.6xTelecom
RED Redeia Corporación€17.483.4%
+€307.8m
15.2%PE18.6xUtilities
See more
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FER

€39.72

Ferrovial

7D

-2.1%

1Y

10.0%

GRF

€9.24

Grifols

7D

-13.3%

1Y

28.3%

ELE

€22.04

Endesa

7D

5.2%

1Y

36.8%

CLNX

€32.02

Cellnex Telecom

7D

2.6%

1Y

-1.6%

SAN

€6.01

Banco Santander

7D

-4.8%

1Y

48.4%

NTGY

€24.94

Naturgy Energy Group

7D

0.6%

1Y

26.4%

ENG

€12.93

Enagás

7D

4.5%

1Y

-2.5%

CABK

€6.96

CaixaBank

7D

-1.7%

1Y

58.6%