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Spanish (IBEX) Market Analysis & Valuation

UpdatedMay 30, 2025
DataAggregated Company Financials
Companies247
  • 7D-1.0%
  • 3M5.4%
  • 1Y19.5%
  • YTD17.5%

Over the last 7 days, the market has dropped 1.0%, driven by a decline of 1.8% in the Financials sector. As for the longer term, the market has actually risen by 19% in the last year. Looking forward, earnings are forecast to grow by 5.2% annually.

Trending IndustriesRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sat, 25 Feb 2023€613.7b€515.5b€47.9b17.5x12.8x1.2x
Mon, 23 Jan 2023€610.4b€522.8b€42.5b17.6x14.4x1.2x
Wed, 21 Dec 2022€565.2b€522.8b€42.5b17x13.3x1.1x
Fri, 18 Nov 2022€557.4b€520.7b€43.8b16.8x12.7x1.1x
Sun, 16 Oct 2022€528.6b€516.6b€43.2b15.1x12.2x1x
Tue, 13 Sep 2022€586.8b€514.1b€42.9b15.7x13.7x1.1x
Thu, 11 Aug 2022€600.1b€509.9b€42.7b16.7x14.1x1.2x
Sat, 09 Jul 2022€590.6b€488.7b€43.9b15.8x13.5x1.2x
Mon, 06 Jun 2022€625.5b€486.5b€43.5b18x14.4x1.3x
Price to Earnings Ratio

14.4x


Total Market Cap: €625.5bTotal Earnings: €43.5bTotal Revenue: €486.5bTotal 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 6.6% 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-1.04%
Tech5.28%
Energy1.84%
Healthcare1.25%
Telecom1.05%
Real Estate0.60%
Consumer Staples0.21%
Materials-0.51%
Utilities-0.84%
Consumer Discretionary-1.37%
Industrials-1.43%
Financials-1.83%
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 37.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.1%, 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 44% 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 11% 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
IDR Indra Sistemas€35.846.9%
+€404.6m
68.7%PE22.9xTech
TEF Telefónica€4.671.4%
+€366.8m
9.7%PS0.6xTelecom
ANE Corporación Acciona Energías Renovables€18.625.1%
+€295.2m
-13.3%PE16.9xUtilities
GRE Grenergy Renovables€67.4017.8%
+€292.7m
125.8%PE22.5xUtilities
REP Repsol€11.791.6%
+€219.9m
-20.6%PE12.5xEnergy
See more
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Market Insights

The AI frenzy of 2023 and 2024 has cooled down and entered the "show me the money" phase. Earnings season has shed a lot of light on where we stand. So it’s time for an update on the industry and a look at the companies successfully deploying AI, monetizing it, and the potential opportunities for investors.

Latest News

ENO

€23.45

Elecnor

7D

11.7%

1Y

13.0%

IDR

€35.84

Indra Sistemas

7D

6.9%

1Y

68.7%

CLNX

€33.36

Cellnex Telecom

7D

0.9%

1Y

-1.5%

TEF

€4.67

Telefónica

7D

1.4%

1Y

9.7%

ELE

€26.87

Endesa

7D

-1.8%

1Y

48.2%

CABK

€7.47

CaixaBank

7D

-2.7%

1Y

42.1%

BBVA

€13.25

Banco Bilbao Vizcaya Argentaria

7D

-3.1%

1Y

32.9%

SAN

€7.03

Banco Santander

7D

-0.6%

1Y

46.8%