Here's Why Telefónica (BME:TEF) Has A Meaningful Debt Burden
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Spanish (IBEX) Market Analysis & Valuation
UpdatedJul 24, 2025
DataAggregated Company Financials
Companies247
- 7D1.4%
- 3M5.4%
- 1Y20.0%
- YTD16.7%
The market is up 1.4% over the last week, with the Financials sector leading the way, up 2.2%. As for the past 12 months, the market is up 20%. Looking forward, earnings are forecast to grow by 5.3% annually.
Trending IndustriesRenewable Energy
Market Valuation and Performance
Has the Spanish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 24 Jul 2025 | €909.6b | €606.1b | €65.0b | 18.7x | 14x | 1.5x |
| Sat, 21 Jun 2025 | €903.3b | €589.3b | €64.8b | 18.9x | 13.9x | 1.5x |
| Mon, 19 May 2025 | €914.9b | €588.7b | €64.8b | 18.4x | 14.1x | 1.6x |
| Wed, 16 Apr 2025 | €851.6b | €582.6b | €62.8b | 18.8x | 13.6x | 1.5x |
| Fri, 14 Mar 2025 | €842.7b | €581.6b | €63.2b | 18.6x | 13.3x | 1.4x |
| Sun, 09 Feb 2025 | €835.9b | €579.3b | €59.6b | 19.2x | 14x | 1.4x |
| Tue, 07 Jan 2025 | €793.3b | €572.7b | €57.2b | 19.3x | 13.9x | 1.4x |
| Thu, 05 Dec 2024 | €804.8b | €572.9b | €57.1b | 19.6x | 14.1x | 1.4x |
| Sat, 02 Nov 2024 | €803.2b | €575.2b | €58.2b | 19.4x | 13.8x | 1.4x |
| Mon, 30 Sep 2024 | €811.5b | €571.7b | €56.0b | 19.8x | 14.5x | 1.4x |
| Wed, 28 Aug 2024 | €774.3b | €570.8b | €56.0b | 19x | 13.8x | 1.4x |
| Fri, 26 Jul 2024 | €760.2b | €567.9b | €54.4b | 18x | 14x | 1.3x |
| Sun, 23 Jun 2024 | €755.7b | €564.7b | €53.5b | 17.7x | 14.1x | 1.3x |
| Tue, 21 May 2024 | €770.6b | €563.2b | €53.5b | 16.3x | 14.4x | 1.4x |
| Thu, 18 Apr 2024 | €712.0b | €559.7b | €50.5b | 15.9x | 14.1x | 1.3x |
| Sat, 16 Mar 2024 | €708.7b | €561.0b | €50.9b | 15.5x | 13.9x | 1.3x |
| Mon, 12 Feb 2024 | €669.1b | €558.4b | €56.1b | 15.1x | 11.9x | 1.2x |
| Wed, 10 Jan 2024 | €685.0b | €557.4b | €53.9b | 14.8x | 12.7x | 1.2x |
| Fri, 08 Dec 2023 | €690.5b | €557.7b | €53.7b | 15.4x | 12.9x | 1.2x |
| Sun, 05 Nov 2023 | €637.7b | €560.0b | €53.4b | 14.4x | 11.9x | 1.1x |
| Tue, 03 Oct 2023 | €648.0b | €569.4b | €51.1b | 14.9x | 12.7x | 1.1x |
| Thu, 31 Aug 2023 | €657.0b | €569.4b | €51.2b | 14.9x | 12.8x | 1.2x |
| Sat, 29 Jul 2023 | €663.1b | €575.0b | €51.6b | 16.7x | 12.8x | 1.2x |
| Mon, 26 Jun 2023 | €641.4b | €569.7b | €50.9b | 16.2x | 12.6x | 1.1x |
| Wed, 24 May 2023 | €638.5b | €576.0b | €50.7b | 17.4x | 12.6x | 1.1x |
| Fri, 21 Apr 2023 | €651.1b | €561.3b | €49.8b | 17.5x | 13.1x | 1.2x |
| Sun, 19 Mar 2023 | €594.9b | €562.6b | €49.3b | 16.3x | 12.1x | 1.1x |
| Tue, 14 Feb 2023 | €629.2b | €524.2b | €44.4b | 17.5x | 14.2x | 1.2x |
| Thu, 12 Jan 2023 | €600.2b | €522.8b | €42.5b | 17.3x | 14.1x | 1.1x |
| Sat, 10 Dec 2022 | €571.1b | €522.0b | €42.4b | 17x | 13.5x | 1.1x |
| Mon, 07 Nov 2022 | €568.1b | €533.6b | €44.2b | 15.2x | 12.9x | 1.1x |
| Wed, 05 Oct 2022 | €550.8b | €516.0b | €43.2b | 15.1x | 12.7x | 1.1x |
| Fri, 02 Sep 2022 | €563.3b | €514.1b | €42.9b | 16.8x | 13.1x | 1.1x |
| Sun, 31 Jul 2022 | €592.6b | €505.0b | €40.5b | 16x | 14.6x | 1.2x |
Price to Earnings Ratio
14.6x
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 17% per year over the last three years.
- Revenues for these companies have grown 6.3% 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 | 1.39% | |
| Energy | 2.48% | |
| Consumer Discretionary | 2.29% | |
| Telecom | 2.28% | |
| Industrials | 2.22% | |
| Financials | 2.16% | |
| Real Estate | 0.95% | |
| Consumer Staples | 0.81% | |
| Materials | 0.63% | |
| Tech | -0.62% | |
| Healthcare | -0.85% | |
| Utilities | -1.02% | |
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 37.2x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 27.8%, which is higher than its past year's earnings growth of 10.6% 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 30% per year.
- In contrast, the Industrials sector is expected to see its earnings decline by 7.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| SAN Banco Santander | €7.58 | 3.9% +€4.3b | 66.4% | PB1.1x | Financials | |
| CABK CaixaBank | €7.94 | 7.2% +€3.8b | 45.7% | PB1.5x | Financials | |
| ITX Industria de Diseño Textil | €43.04 | 1.7% +€2.2b | -3.9% | PE22.8x | Consumer Discretionary | |
| BBVA Banco Bilbao Vizcaya Argentaria | €13.00 | 1.8% +€1.3b | 29.6% | PB1.4x | Financials | |
| BKT Bankinter | €12.38 | 9.8% +€988.5m | 53.7% | PB1.8x | Financials |
