Best Spanish Stocks: November 2026
Momentum 80: near its 52-week high and outperforming the market over 6 months. Value 68: cheap on P/E and cheap on EV/EBITDA. Quality 65: high gross profitability and F-Score 7/9.
As of 3 Nov 2026, Repsol, S.A. (REP.MC) ranks first on MoatMap's November 2026 list of Spanish stocks, with a MoatMap Score of 98/100, among stocks above its $250M market-cap floor. A research ranking, not investment advice.
November 2026 edition · data as of ·5 new, 5 out, biggest climb GSJ.MC since October·Next edition forms ·How we score stocks·How past rankings did·All Spain stocks, refreshed daily
Top 25 Spanish Stocks by MoatMap Score
- New in November 2026: Cirsa Enterprises, S.A. CIRSA.MC, Inmocemento, S.A. IMC.MC, Neinor Homes, S.A. HOME.MC, Inmobiliaria del Sur, S.A. ISUR.MC, Sacyr, S.A. SCYR.MC
- Dropped out: Elecnor, S.A. ENO.MC, Logista Integral, S.A. LOG.MC, Vidrala, S.A. VID.MC, Alantra Partners, S.A. ALNT.MC, Distribuidora Internacional de Alimentación, S.A. DIA.MC
- Biggest climbs: Grupo Empresarial San José, S.A. GSJ.MC #22 to #4, Banco Bilbao Vizcaya Argentaria, S.A. BBVA.MC #25 to #18, Amadeus IT Group, S.A. AMS.MC #13 to #9
- Biggest falls: Prosegur Compañía de Seguridad, S.A. PSG.MC #8 to #24, Gestamp Automoción, S.A. GEST.MC #11 to #25, Azkoyen, S.A. AZK.MC #5 to #12
What changed since October: 5 new, 5 out
- New in November 2026: Cirsa Enterprises, S.A. CIRSA.MC, Inmocemento, S.A. IMC.MC, Neinor Homes, S.A. HOME.MC, Inmobiliaria del Sur, S.A. ISUR.MC, Sacyr, S.A. SCYR.MC
- Dropped out: Elecnor, S.A. ENO.MC, Logista Integral, S.A. LOG.MC, Vidrala, S.A. VID.MC, Alantra Partners, S.A. ALNT.MC, Distribuidora Internacional de Alimentación, S.A. DIA.MC
- Biggest climbs: Grupo Empresarial San José, S.A. GSJ.MC #22 to #4, Banco Bilbao Vizcaya Argentaria, S.A. BBVA.MC #25 to #18, Amadeus IT Group, S.A. AMS.MC #13 to #9
- Biggest falls: Prosegur Compañía de Seguridad, S.A. PSG.MC #8 to #24, Gestamp Automoción, S.A. GEST.MC #11 to #25, Azkoyen, S.A. AZK.MC #5 to #12
| # | Stock | Yield | P/E | Score | Q | V | M | Style · Activity | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Yield 3.7% | P/E 5.5 | 98 Score | 65 Q | 68 V | 80 M | Full HouseDir. buyBuyback | ||
| 2 | Quality 76: high return on equity and high gross profitability. Momentum 74: estimates revised up and above its moving averages. Value 59: a high yield but far above book value. | Yield 5.9% | P/E 13.7 | 97 Score | 76 Q | 59 V | 74 M | Full House | |
| 3 | Momentum 91: above its moving averages and quarterly earnings growing. Quality 67: F-Score 8/9 and high return on equity. Value 50: cheap on free cash flow but far above book value. | Yield 2.5% | P/E 25.4 | 97 Score | 67 Q | 50 V | 91 M | Premium Grower | |
| 4 | Value 85: cheap on EV/EBITDA and cheap on free cash flow. Quality 69: ROIC in the top 15% of its sector and strong free cash flow. Momentum 43: quarterly earnings growing but EPS deteriorating. | Yield 2.6% | P/E 8.0 | 93 Score | 69 Q | 85 V | 43 M | Unloved Quality | |
| 5 | Value 78: cheap on P/E and cheap on free cash flow. Quality 65: wide operating margins and strong free cash flow. Momentum 53: near its 52-week high but EPS deteriorating. | Yield 4.2% | P/E 6.1 | 93 Score | 65 Q | 78 V | 53 M | Full House | |
| 6 | Quality 76: high return on equity and high gross profitability. Momentum 76: near its 52-week high and outperforming the market over 6 months. Value 40: far above book value. | Yield 2.5% | P/E 18.4 | 90 Score | 76 Q | 40 V | 76 M | Premium Grower | |
| 7 | Momentum 80: above its moving averages and estimates revised up. Quality 60: F-Score 8/9 and high gross profitability. Value 52: cheap on sales but expensive on free cash flow. | Yield 1.9% | P/E 15.0 | 90 Score | 60 Q | 52 V | 80 M | Full House | |
| 8 | Quality 78: ROIC in the top 5% of its sector and high return on equity. Value 56: a high yield but far above book value. Momentum 54: near its 52-week high but EPS deteriorating. | Yield 2.9% | P/E 18.5 | 89 Score | 78 Q | 56 V | 54 M | Full House | |
| 9 | Quality 67: wide operating margins and high return on equity. Momentum 65: near its 52-week high and estimates revised up. Value 57: far above book value. | Yield 1.8% | P/E 18.7 | 89 Score | 67 Q | 57 V | 65 M | Full House | |
| 10 | Momentum 80: quarterly earnings growing and estimates revised up. Quality 57: high return on equity but a weak F-Score 4/9. Value 51: a high yield but far above book value. | Yield 10.1% | P/E 12.8 | 88 Score | 57 Q | 51 V | 80 M | Full HouseBuyback | |
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| 11 | Quality 74: interest well covered and high gross profitability. Value 60: a high yield. Momentum 53: near its 52-week high but quarterly earnings shrinking. | Yield 4.2% | P/E 11.4 | 88 Score | 74 Q | 60 V | 53 M | Full HouseDir. buy | |
| 12 | Quality 76: high gross profitability and F-Score 8/9. Value 60: a high yield. Momentum 49: quarterly earnings shrinking. | Yield 3.4% | P/E 16.3 | 87 Score | 76 Q | 60 V | 49 M | Unloved QualityDeep dive → | |
| 13 | Quality 68: ROIC in the top 10% of its sector and high return on equity. Value 61: cheap on P/E and cheap on sales. Momentum 54: above its moving averages but EPS deteriorating. | Yield 4.4% | P/E 7.3 | 85 Score | 68 Q | 61 V | 54 M | Full House | |
| 14 | Value 74: a high yield and cheap on P/E. Quality 57: high return on equity but high debt. Momentum 52: near its 52-week high but EPS deteriorating. | Yield 6.4% | P/E 8.3 | 85 Score | 57 Q | 74 V | 52 M | Full House | |
| 15 | Value 66: cheap on sales and cheap on free cash flow. Momentum 65: near its 52-week high and outperforming the market over 6 months. Quality 51: wide operating margins but high debt. | Yield 0.8% | P/E 16.6 | 84 Score | 51 Q | 66 V | 65 M | Full House | |
| 16 | Quality 63: F-Score 6/7 and high return on equity. Value 61: cheap on sales; EV/EBITDA and P/FCF excluded. Momentum 57: estimates revised up. | Yield 2.7% | P/E 10.5 | 84 Score | 63 Q | 61 V | 57 M | Full House | |
| 17 | Quality 74: wide operating margins and F-Score 8/9. Momentum 61: near its 52-week high and outperforming the market over 6 months. Value 45: a high yield but expensive on sales. | Yield 4.0% | P/E 13.5 | 83 Score | 74 Q | 45 V | 61 M | Premium GrowerDeep dive → | |
| 18 | Momentum 68: above its moving averages and estimates revised up. Quality 61: high return on equity and wide operating margins. Value 50: valuation ratios not meaningful for a financial. | Yield 4.4% | P/E 10.7 | 82 Score | 61 Q | 50 V | 68 M | Full House | |
| 19 | Quality 67: strong free cash flow and a liquid balance sheet. Value 57: a high yield but expensive on P/E. Momentum 55: near its 52-week high. | Yield 18.6% | P/E 27.8 | 82 Score | 67 Q | 57 V | 55 M | Full HouseDeep dive → | |
| 20 | Quality 83: ROIC in the top 5% of its sector and strong free cash flow. Value 48: far above book value. Momentum 48: quarterly earnings growing but EPS deteriorating. | Yield 1.6% | P/E 17.3 | 81 Score | 83 Q | 48 V | 48 M | Fallen Favourite | |
| 21 | Quality 72: F-Score 8/9 and ROIC in the top 10% of its sector. Value 57: cheap on sales. Momentum 48: near its 52-week high. | Yield 1.3% | P/E 17.6 | 81 Score | 72 Q | 57 V | 48 M | Unloved Quality | |
| 22 | Momentum 64: quarterly earnings growing and estimates revised up. Value 63: cheap on free cash flow and a high yield. Quality 50: wide operating margins but high debt. | Yield 4.9% | P/E 23.8 | 80 Score | 50 Q | 63 V | 64 M | Second Wind | |
| 23 | Momentum 73: near its 52-week high and estimates revised up. Quality 67: F-Score 8/9 and high gross profitability. Value 35: expensive on sales. | Yield 2.2% | P/E 18.7 | 80 Score | 67 Q | 35 V | 73 M | Premium Grower | |
| 24 | Value 71: a high yield and cheap on sales. Momentum 54: near its 52-week high but estimates cut. Quality 51: high return on equity but high debt. | Yield 5.6% | P/E 12.9 | 80 Score | 51 Q | 71 V | 54 M | Full House | |
| 25 | Value 78: cheap on sales and cheap on P/E. Momentum 54: estimates revised up but lagging the market over 6 months. Quality 44: high gross profitability but a tight balance sheet. | Yield 1.4% | P/E 7.5 | 79 Score | 44 Q | 78 V | 54 M | Second Wind | |
Ranked by MoatMap Score (Quality + Value + Momentum composite) at a minimum market cap of $250M. Yield and P/E are as of the data date; click a ticker for today’s price and score. A new edition is generated on the first scoring run of each month.
Director buying reported in the 90 days to : Repsol, S.A. REP.MC, Miquel y Costas & Miquel, S.A. MCM.MC
Active share buybacks in the 180 days to : Repsol, S.A. REP.MC, Neinor Homes, S.A. HOME.MC
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How Spain scores
Where the top 25 come from, and how the whole Spanish market sits against the global universe. The MoatMap Score is a global percentile, so the universe splits evenly into five bands by construction; a market with more of its stocks in the upper bands is scoring well as a whole.
Top 25 by sector
- Industrials7
- Healthcare3
- Real Estate3
- Basic Materials2
- Consumer Cyclical2
- Financial Services2
- Other6
Share of Spanish stocks by MoatMap Score band
- 0-198% / 20%
- 20-3912% / 20%
- 40-5923% / 20%
- 60-7934% / 20%
- 80-10023% / 20%
Spainall markets
Two Banks, a Latin American Overlay, and the Latibex Filter
Spain has been one of the fastest-growing large economies in Europe since 2022 and its stock market is still priced for the crisis years: a board led by two global banks, a telecom and a utility, with a mid-cap bench in infrastructure, renewables, hotels, textiles and pharmaceuticals that runs businesses across Latin America and the rest of Europe. MoatMap scores the BME's domestic listings, and the list below is where Quality, Value and Momentum agree.
MoatMap scored 120 Spanish stocks on 2026-11-03; 87 cleared the $250M market-cap floor this list applies. The market's average MoatMap Score is 60. Utilities is the most represented sector in the top 10 (2 names).
The Madrid board is concentrated at the top and unusually international in what those top names do. Santander and BBVA earn more in Brazil, Mexico and the rest of Latin America than they do at home, Telefonica and Iberdrola are large in the same region, and Inditex, the exchange's most valuable company, sells clothes in ninety countries. A Spanish large-cap portfolio is therefore partly a bet on the peso, the real and Latin American growth, which is worth knowing when the Momentum pillar moves. Below them sits the part of the market a factor screen actually rewards: infrastructure and construction groups, renewable developers, hotel operators, a large pharmaceutical group, and a bench of industrial and consumer mid caps, several of them family-controlled and most of them under-covered outside Spain.
This page filters to Spanish-domiciled companies, and the reason is a board within the board. BME's Latibex market quotes Latin American issuers in euros for Spanish investors, and those lines score like any other row: on the September 2026 data, Petrobras took the top of the raw Spanish list, with Vale and Usiminas further down. A page titled Best Spanish Stocks that headlines a Brazilian oil major is wrong, so the list keeps companies whose registered domicile is Spain. The stated cost is a handful of dual-listed names that file a foreign domicile, IAG among them, which remain in the ranked list.
Disclosure follows the EU Market Abuse Regulation and MoatMap reads the CNMV's register directly. Directors and closely associated persons must notify trades within three business days, and the regulator publishes them as standardised MAR notifications carrying the person, the role, the instrument, the aggregated volume and the price. Buybacks are disclosed through the CNMV's other-relevant-information channel as per-day summary tables, which the feed parses where the table is unambiguous and skips where it is not. Both feed the director-buying and buyback marks on this page.
Access is easy through most international brokers, several of the largest names trade as US ADRs, and settlement is in euros. Spain withholds 19% on dividends paid to non-residents, reduced under treaties by reclaim, and levies a financial-transaction tax on purchases of shares in its largest companies. Spanish companies also have a habit of paying part of the dividend in scrip, new shares in place of cash, which flatters a headline yield and dilutes the holders who take cash; the yield column on this page is the trailing cash figure the fundamentals carry, so check the payment form before relying on it.
Frequently Asked Questions
- What are the top-ranked Spanish stocks right now?
- The table above ranks the top 25 Spanish-domiciled BME stocks by MoatMap Score, a composite of Quality (returns on capital, cash conversion, balance sheet), Value (six price ratios, from P/E to dividend yield) and Momentum (price trend and earnings revisions). It refreshes monthly with a stated data date, and each ticker links to a full score breakdown.
- Why does this page exclude foreign companies listed in Madrid?
- BME's Latibex market quotes Latin American issuers in euros, and on raw score Petrobras headed the Spanish list in September 2026, with Vale and Usiminas further down. A page about Spanish stocks that headlines a Brazilian oil major is wrong, so this page keeps Spanish-domiciled companies only. The foreign lines still appear in the ranked list.
- Why do Spanish banks depend so much on Latin America?
- Santander and BBVA built large retail banks in Brazil, Mexico, Chile and Argentina during the 1990s and 2000s, and those units now earn more than the Spanish business. Their scores move with Latin American currencies and rates as much as with Spain, which is worth knowing when the Momentum column shifts.
- Does MoatMap track Spanish insider trades and buybacks?
- Yes. The Spain feed reads the CNMV's directors' notification register (standardised MAR Article 19 forms filed within three business days, with the person, role, aggregated volume and price) and the buyback programme reports filed through the CNMV's relevant-information channel. The callouts on this page draw on them.
- What is a scrip dividend and why does it matter here?
- Several Spanish companies offer part of the dividend as new shares instead of cash. That flatters a headline yield and dilutes holders who take cash, so the trailing cash yield on this page can differ from the figure a company advertises. Check the payment form before relying on the number.
- How often does this Spain ranking refresh?
- A new edition forms on the first scoring run of each calendar month and the page states its data-as-of date. Underlying scores recompute nightly; for the daily view, use the ranked list filtered to Spain.