The stock valuation of the analysed Spanish companies amounts to 1,219,005.26 million euros at the close of September 2026, which represents a rise of +9.7% compared to the close of 2025.
The weighted average target price is 11.30 euros, down -7.3% from the previous year, while the weighted average market quotation is 9.93 euros (down -17.7% from the previous year). Therefore, the weighted average discount between the quotation and the target price is -12.1%.
The weighted average Price/Earnings ratio is 17.43 times earnings (down -6.1% from the end of the fiscal year); the inverse of this ratio gives a return on earnings of 5.74% (which represents an increase of +6.5% compared to last year).
The average recommendation is 2.08 points, practically the same as the close 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 42 stocks between 1 and 2 points, there were 44 at the close of 2025:
Inditex, Amadeus, IAG, Cellnex, Logista, Almirall, Puig Brands, Neinor, Faes, Pharmamar, DIA, Atresmedia, Aedas, Arcelor, Repsol, Cie Automotive, Vidrala, Indra, Técnicas Reunidas, Ence, Tubacex, Tubos Reunidos, Ferrovial, ACS, Merlin Properties, FCC, Inmobiliaria Colonial, Sacyr, OHLA, Iberdrola, Endesa, Naturgy, REDEIA, Enagas, Fluidra, Global Dominion, Santander, BBVA, Caixabank, Mapfre, Unicaja and Indexa Capital.
Stocks for sale
There are now 6 stocks between 3.5 and 5 points, there were 7 at the close of 2025:
Viscofan, Melia, Gestamp Automocion, Talgo, Acciona and Acciona Energía.
| Stocks | Target Price | Earnings per Share (EPS) | Recommendation |
| ACCIONA | 251.05 | 10.93 | 3.50 |
| ACCIONA ENERGIA | 23.55 | 1.14 | 3.50 |
| ACERINOX | 18.35 | 1.03 | 2.50 |
| ACS | 111.77 | 4.08 | 2.00 |
| AEDAS HOMES | 24.00 | 3.36 | 1.00 |
| AENA | 28.33 | 1.56 | 2.33 |
| ALMIRALL | 14.25 | 0.37 | 2.00 |
| AMADEUS | 66.70 | 3.14 | 1.50 |
| ARCELORMITTAL | 68.20 | 5.09 | 1.00 |
| ATRESMEDIA | 5.61 | 0.58 | 2.00 |
| BANCO DE SABADELL | 3.80 | 0.35 | 3.00 |
| BANCO SANTANDER | 13.74 | 1.06 | 1.50 |
| 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 | 42.10 | -0.44 | 1.50 |
| CIE AUTOMOTIVE | 36.60 | 3.19 | 1.00 |
| CIRSA | 23.00 | 0.77 | 3.00 |
| COLONIAL SFL | 7.60 | 0.38 | 1.50 |
| DIA | 52.10 | 1.44 | 2.00 |
| EBRO FOODS | 20.00 | 1.32 | 3.00 |
| ENAGAS | 19.60 | 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 | 57.00 | 0.86 | 1.00 |
| 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 | 5.30 | 0.62 | 1.00 |
| IBERDROLA | 23.00 | 0.97 | 1.50 |
| INDEXA CAPITAL | 18.20 | 0.05 | 2.00 |
| INDITEX | 60.50 | 2.17 | 1.50 |
| INDRA | 66.20 | 1.93 | 1.50 |
| LOGISTA | 39.30 | 2.14 | 1.00 |
| MAPFRE SA | 4.59 | 0.41 | 2.00 |
| MELIA HOTELS | 8.60 | 0.71 | 5.00 |
| MERLIN PROPERTIES | 18.38 | 0.53 | 1.67 |
| NATURGY | 32.30 | 2.15 | 1.00 |
| NEINOR HOMES | 21.10 | 1.78 | 1.00 |
| 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 | 4.00 | 0.12 | 3.00 |
| 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 | 26.90 | 2.64 | 2.00 |
| ROVI | 63.00 | 2.67 | 3.00 |
| SACYR | 4.88 | 0.18 | 1.67 |
| SOLARIA | 22.00 | 1.28 | 2.67 |
| TALGO | 3.10 | 0.04 | 5.00 |
| TÉCNICAS REUNIDAS | 34.70 | 2.30 | 1.50 |
| TELEFONICA | 4.35 | 0.18 | 2.50 |
| TUBACEX | 4.10 | 0.14 | 2.00 |
| TUBOS REUNIDOS | 0.74 | 0.26 | 2.00 |
| UNICAJA | 3.80 | 0.24 | 1.00 |
| VIDRALA | 107.51 | 10.81 | 2.00 |
| VISCOFAN | 45.70 | 3.47 | 5.00 |