Spanish Stocks Fair Value: Banco Santander, Industria de Diseno Textil, Iberdrola…

Of the 36 Spanish companies below that have an ATLAS fair value estimate, 21 trade more than 8% below the model's central estimate, 8 within 8% of it and 7 more than 8% above it (median: price 17% below fair value). Banco Santander is the largest (market cap $195B); 30 of the 40 pay a dividend, with a median yield of 2.6%.

Updated Nov 3, 2026 · Source: EODHD / ATLAS model

#CompanyPriceATLAS fair valueRangePrice vs fair valueConfidenceDividend yield
1Banco SantanderSAN.MC€10.39€9.60€8.64–€10.56+8.2%medium1.19%
2Industria de Diseno TextilITX.MC€57.50€44.92€36.32–€60.30+28%high2.16%
3IberdrolaIBE.MC€22.251.98%
4Banco Bilbao Vizcaya ArgentariaBBVA.MC€21.58€20.59€18.53–€22.65+4.8%medium2.67%
5CaixabankCABK.MC€11.46€10.67€9.61–€11.74+7.4%medium2.97%
6EndesaELE.MC€43.43€40.44€32.86–€49.76+7.4%medium2.51%
7AenaAENA.MC€27.60€43.15€29.30–€63.57-36%medium4.00%
8RepsolREP.MC€29.97€51.97€32.41–€73.67-42%medium3.68%
9Naturgy EnergyNTGY.MC€29.40€41.42€32.78–€52.34-29%medium3.85%
10ACS Actividades de Construccion y ServiciosACS.MC€91.15€67.26€60.54–€73.99+36%medium2.57%
11Amadeus ITAMS.MC€59.40€111.54€72.88–€170.70-47%medium1.86%
12International Consolidated AirlinesIAG.MC€5.012.01%
13TelefonicaTEF.MC€3.384.45%
14Banco de SabadellSAB.MC€3.50€3.71€3.34–€4.09-5.6%medium
15Cellnex TelecomCLNX.MC€26.25€40.22€24.92–€64.91-35%low
16BankinterBKT.MC€14.10€14.96€13.47–€16.46-5.7%medium
17MapfreMAP.MC€4.10€5.45€4.90–€5.99-25%medium2.74%
18AccionaANA.MC€208.40€223.88€174.76–€283.94-6.9%medium2.69%
19Indra AIDR.MC€64.66€70.61€64.74–€109.27-8.4%high
20Unicaja BancoUNI.MC€3.23€2.98€2.68–€3.28+8.5%medium3.38%
21Redeia CorporacionRED.MC€15.32€21.74€18.72–€25.00-30%medium5.25%
22Merlin Properties SOCIMIMRL.MC€11.681.91%
23Corporacion Acciona Energias RenovablesANE.MC€21.66€46.80€39.45–€54.97-54%medium0.14%
24GrifolsGRF.MC€11.00€21.57€13.44–€34.72-49%medium
25Fomento de Construcciones y ContratasFCC.MC€10.42€12.63€5.46–€28.89-17%medium
26Cia de Distribucion IntegralLOG.MC€36.68€54.05€33.32–€87.67-32%medium5.49%
27EnagásENG.MC€17.67€31.43€19.86–€52.33-44%low3.56%
28AcerinoxACX.MC€15.82€9.46€5.94–€14.54+67%medium
29FluidraFDR.MC€19.57€27.33€18.61–€37.07-28%high
30Inmobiliaria ColonialCOL.MC€5.18€6.20€5.58–€6.82-16%low
31SacyrSCYR.MC€4.14€2.61€2.03–€3.32+59%medium4.97%
32VidralaVID.MC€88.30€84.25€61.45–€115.52+4.8%medium0.58%
33Laboratorios Farmaceuticos ROVIROVI.MC€63.30€86.76€53.17–€97.89-27%high1.63%
34CIE AutomotiveCIE.MC€25.50€66.84€53.25–€107.83-62%low1.86%
35Cirsa Enterprises SAUCIRSA.MC€18.96€14.12€5.81–€34.00+34%medium2.58%
36Ebro FoodsEBRO.MC€17.78€24.76€20.18–€30.38-28%medium3.80%
37Distribuidora Internacional de AlimentaciónDIA.MC€45.60€66.81€60.81–€108.52-32%high
38Construcciones y Auxiliar de FerrocarrilesCAF.MC€76.30€141.65€115.09–€172.60-46%medium1.96%
39ElecnorENO.MC€28.90€33.92€25.39–€45.32-15%medium1.48%
40ViscofanVIS.MC€54.30€51.92€32.81–€66.72+4.6%high1.43%

Price vs fair value = latest close ÷ ATLAS fair value − 1: negative means the price is below the model's central estimate, positive above. Ordered by market capitalization. Prices and fair values are in each company's trading currency.

How this list is built

Ranking: companies are ordered by market capitalization in US dollars (EODHD). Investment funds and trusts and duplicate share classes are removed. ATLAS publishes 77 companies (Spain); the 40 largest are shown.

Fair value: ATLAS estimates a fair value per share every night with its valuation model (discounted cash flow and/or sector multiples, depending on the company), with a low–high range and a low, medium or high confidence label. Latest model run: Nov 2, 2026.

Price vs fair value is a description of the model, not a forecast and not a recommendation to buy or sell. Models can be wrong; a price below the estimate can stay there. Dividend yield is the forward yield reported by EODHD.

Frequently asked questions

Are Spanish stocks undervalued?

ATLAS does not give a verdict: it compares each price with its own fair value estimate. As of Nov 3, 2026, of the 36 Spanish companies with an estimate, 21 trade more than 8% below the model's central estimate, 8 within 8% and 7 more than 8% above (median: price 17% below fair value). This describes a model, not a forecast.

How does ATLAS estimate the fair value of European stocks?

Every night the ATLAS valuation model estimates a fair value per share (discounted cash flow and/or sector multiples, depending on the company) with a low–high range and a confidence label. Price vs fair value is the latest close divided by the central estimate, minus 1. The latest run in this list is from Nov 2, 2026.

Which Spanish companies trade furthest from their ATLAS fair value?

As of Nov 3, 2026, among the companies listed, CIE Automotive has the largest gap below the model's central estimate (price -62% vs fair value) and Acerinox the largest gap above (price +67%). These are model outputs, not recommendations.

Is this a recommendation to buy or sell?

No. This page is information only, not investment advice. ATLAS estimates come from statistical models using public data; they can be wrong, and past results do not guarantee future ones.

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