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Spanish (IBEX) Market Analysis & Valuation

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies247
  • 7D4.3%
  • 3M-0.03%
  • 1Y36.1%
  • YTD0.6%

The market has climbed by 4.3% over the past week, with every sector up and the Financials sector leading the way. As for the past 12 months, the market is up 36%. Earnings are forecast to grow by 12% annually.

Trending IndustriesRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026€1.1t€589.4b€63.0b16.6x17.6x1.9x
Tue, 03 Mar 2026€1.1t€583.3b€62.4b16.8x18.4x2x
Thu, 29 Jan 2026€1.1t€593.9b€65.5b16.9x16.8x1.9x
Sat, 27 Dec 2025€1.1t€598.7b€66.1b16.7x16.4x1.8x
Mon, 24 Nov 2025€1.0t€598.1b€65.8b16.7x15.3x1.7x
Wed, 22 Oct 2025€1.0t€593.1b€65.7b17.6x15.4x1.7x
Fri, 19 Sep 2025€975.3b€595.5b€65.9b18.2x14.8x1.6x
Sun, 17 Aug 2025€981.3b€592.8b€65.7b19x14.9x1.7x
Tue, 15 Jul 2025€905.8b€588.8b€64.7b18.3x14x1.5x
Thu, 12 Jun 2025€921.5b€589.1b€64.7b19.4x14.2x1.6x
Sat, 10 May 2025€883.8b€584.4b€63.7b18.6x13.9x1.5x
Mon, 07 Apr 2025€824.0b€583.2b€62.9b17.9x13.1x1.4x
Wed, 05 Mar 2025€864.9b€579.6b€63.1b18.5x13.7x1.5x
Fri, 31 Jan 2025€814.6b€571.9b€56.7b19.6x14.4x1.4x
Sun, 29 Dec 2024€775.0b€573.2b€57.2b19.2x13.5x1.4x
Tue, 26 Nov 2024€792.5b€575.2b€57.2b19.1x13.8x1.4x
Thu, 24 Oct 2024€806.2b€571.9b€56.5b19.1x14.3x1.4x
Sat, 21 Sep 2024€797.0b€571.7b€56.0b19.2x14.2x1.4x
Mon, 19 Aug 2024€750.1b€570.8b€56.0b19.4x13.4x1.3x
Wed, 17 Jul 2024€757.0b€564.8b€53.6b17.7x14.1x1.3x
Fri, 14 Jun 2024€768.3b€564.7b€53.5b17.5x14.4x1.4x
Sun, 12 May 2024€753.9b€562.6b€53.2b16.2x14.2x1.3x
Tue, 09 Apr 2024€725.8b€559.9b€50.6b16.2x14.4x1.3x
Thu, 07 Mar 2024€684.2b€655.3b€86.8b15.1x7.9x1x
Sat, 03 Feb 2024€681.6b€558.3b€56.3b14.8x12.1x1.2x
Mon, 01 Jan 2024€689.9b€557.4b€53.9b15x12.8x1.2x
Wed, 29 Nov 2023€681.0b€560.3b€53.5b15.3x12.7x1.2x
Fri, 27 Oct 2023€618.4b€570.4b€51.4b14.5x12x1.1x
Sun, 24 Sep 2023€653.4b€569.4b€51.2b15x12.8x1.1x
Tue, 22 Aug 2023€635.1b€569.3b€51.2b15.7x12.4x1.1x
Thu, 20 Jul 2023€653.3b€577.7b€50.9b17x12.8x1.1x
Sat, 17 Jun 2023€655.7b€577.2b€51.1b17.7x12.8x1.1x
Mon, 15 May 2023€638.7b€573.4b€50.5b18x12.6x1.1x
Wed, 12 Apr 2023€639.4b€561.2b€49.8b17.5x12.8x1.1x
Price to Earnings Ratio

12.8x


Total Market Cap: €639.4bTotal Earnings: €49.8bTotal Revenue: €561.2bTotal 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 17.6x which is higher than its 3-year average PE of 14.0x.
Past Earnings Growth
  • The earnings for Spanish listed companies have grown 8.1% 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 Market4.26%
Tech7.62%
Telecom6.42%
Utilities6.32%
Industrials4.73%
Financials4.08%
Healthcare3.78%
Consumer Staples2.65%
Consumer Discretionary2.48%
Real Estate1.98%
Energy1.31%
Materials0.21%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading close to its 3-year average PE ratio of 27.1x.
    • 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 87% 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 3.9% 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€20.366.5%
+€8.2b
34.7%PE23.9xUtilities
SAN Banco Santander€9.814.4%
+€5.7b
78.6%PB1.4xFinancials
BBVA Banco Bilbao Vizcaya Argentaria€18.774.8%
+€4.6b
65.2%PB1.8xFinancials
ITX Industria de Diseño Textil€50.802.6%
+€4.0b
13.8%PE25.4xConsumer Discretionary
ELE Endesa€37.547.6%
+€2.7b
53.5%PE17.7xUtilities
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