The stock valuation of the analysed Spanish companies amounts to €1,175,566.77 million at the end of October 2026, which represents a rise of +5.8% compared to the end of 2025.
The weighted average target price is €10.93, down -10.3% compared to the previous year, while the weighted average market quotation is €9.78 (down -18.9% compared to the previous year). Therefore, the weighted average discount between the quotation and the target price is -10.5%.
The weighted average Price/Earnings ratio is 17.71 times earnings (down -4.6% compared to the end of the fiscal year); the inverse of this ratio gives a return on earnings of 5.65% (which represents a rise of +4.8% compared to last year).
The average recommendation is 2.02 points, practically the same buying as at the end of 2025 (it is considered that between 1 and 2 points is “clear buy” and between 3.5 and 5 is “clear sell”).
Stocks to buy
There are now 41 stocks between 1 and 2 points, compared to 44 at the end of 2025:
Inditex, Amadeus, IAG, Cellnex, Logista, Almirall, Puig Brands, Neinor, Faes, Pharmamar, DIA, Atresmedia, Aedas, Arcelor, Repsol, Acerinox, Cie Automotive, Vidrala, Indra, Técnicas Reunidas, Ence, Tubacex, Tubos Reunidos, Ferrovial, FCC, Inmobiliaria Colonial, Sacyr, OHLA, Iberdrola, Endesa, Naturgy, REDEIA, Enagas, Fluidra, Global Dominion, Santander, BBVA, Caixabank, Mapfre, Unicaja and Indexa Capital.
Stocks to sell
There are now 7 stocks between 3.5 and 5 points, the same as at the end of 2025:
Viscofan, Melia, Gestamp Automocion, Talgo, Acciona, Acciona Energía and Solaria.
| Stocks | Target Price | Earnings per Share | Recommendation |
| ACCIONA | 251.05 | 10.93 | 3.50 |
| ACCIONA ENERGIA | 23.55 | 1.14 | 3.50 |
| ACERINOX | 21.00 | 0.97 | 1.50 |
| ACS | 112.43 | 4.08 | 2.33 |
| AEDAS HOMES | 24.00 | 3.36 | 1.00 |
| AENA | 28.47 | 2.62 | 2.33 |
| ALMIRALL | 14.25 | 0.37 | 2.00 |
| AMADEUS | 60.10 | 3.14 | 1.00 |
| ARCELORMITTAL | 68.20 | 5.09 | 1.00 |
| ATRESMEDIA | 5.61 | 0.58 | 2.00 |
| BANCO DE SABADELL | 3.83 | 0.35 | 2.50 |
| BANCO SANTANDER | 14.25 | 1.06 | 1.00 |
| BANKINTER | 13.96 | 0.95 | 3.00 |
| BBVA | 28.00 | 2.12 | 1.00 |
| CAF | 55.40 | 3.97 | 3.00 |
| CAIXABANK | 14.05 | 0.92 | 1.00 |
| CELLNEX TELECOM | 41.80 | -0.44 | 1.00 |
| CIE AUTOMOTIVE | 36.40 | 3.19 | 1.00 |
| CIRSA | 23.00 | 0.77 | 3.00 |
| COLONIAL SFL | 6.90 | 0.38 | 1.00 |
| DIA | 52.10 | 1.44 | 2.00 |
| EBRO FOODS | 20.00 | 1.32 | 3.00 |
| ENAGAS | 18.90 | 1.16 | 1.50 |
| ENCE | 3.70 | -0.14 | 1.00 |
| ENDESA | 45.00 | 2.00 | 1.00 |
| FAES | 6.00 | 1.16 | 2.00 |
| FCC | 15.00 | 0.61 | 1.00 |
| FERROVIAL | 59.18 | 0.80 | 2.00 |
| FLUIDRA | 27.50 | 1.08 | 1.00 |
| GESTAMP AUTOMOCION | 3.30 | 0.27 | 5.00 |
| GLOBAL DOMINION | 5.25 | 0.14 | 2.00 |
| GRIFOLS | 11.10 | 0.77 | 3.00 |
| IAG | 5.65 | 0.57 | 1.00 |
| IBERDROLA | 23.60 | 0.97 | 1.00 |
| INDEXA CAPITAL | 18.20 | 0.05 | 2.00 |
| INDITEX | 60.00 | 2.17 | 1.00 |
| INDRA | 64.57 | 1.93 | 1.67 |
| LOGISTA | 39.30 | 2.14 | 1.00 |
| MAPFRE SA | 4.59 | 0.41 | 1.00 |
| MELIA HOTELS | 8.60 | 0.71 | 5.00 |
| MERLIN PROPERTIES | 16.38 | 0.53 | 2.33 |
| NATURGY | 32.30 | 2.15 | 1.00 |
| NEINOR HOMES | 21.90 | 1.78 | 1.50 |
| OHLA | 0.60 | -0.04 | 2.00 |
| PHARMA MAR | 100.00 | 4.10 | 1.00 |
| PRISA (Promotora Informa) | 4.00 | -0.01 | 3.00 |
| PROSEGUR | 3.64 | 0.12 | 2.50 |
| PROSEGUR CASH (CASH) | 0.88 | 0.07 | 3.00 |
| PUIG BRANDS | 22.30 | 1.10 | 2.00 |
| RED ELECTRICA (REDEIA) | 16.50 | 0.93 | 1.00 |
| REPSOL | 34.98 | 3.39 | 1.33 |
| ROVI | 63.00 | 2.67 | 3.00 |
| SACYR | 4.25 | 0.18 | 1.00 |
| SOLARIA | 22.00 | 1.28 | 3.50 |
| TALGO | 3.10 | 0.04 | 5.00 |
| TÉCNICAS REUNIDAS | 34.70 | 2.30 | 1.50 |
| TELEFONICA | 4.00 | 0.18 | 3.00 |
| TUBACEX | 4.10 | 0.14 | 2.00 |
| TUBOS REUNIDOS | 0.74 | 0.26 | 2.00 |
| UNICAJA | 3.80 | 0.24 | 1.00 |
| VIDRALA | 102.89 | 10.81 | 2.00 |
| VISCOFAN | 45.70 | 3.47 | 5.00 |