As of March 10, 2024, INDITEX is the most valuable company in Spain, with a market cap of $139 billion. Following it are IBERDROLA ($75.65 billion) and BANCO SANTANDER ($68.84 billion). Spain’s top five most valuable companies include some of the world’s most renowned brands: BBVA (No. 4, $61.03 billion) and CAIXABANK (No. 5, $35.22 billion).
Overall, among Spain’s top 10 largest companies by market capitalization, the sixth, seventh, eighth, ninth, and tenth positions are held by AENA S.M.E., S.A., FERROVIAL SE, AMADEUS IT GROUP, S.A., CELLNEX TELECOM, S.A, and TELEFÓNICA, S.A.
Which one is the most valuable in Spain by market cap? This list comprises the biggest companies currently in Spain by market cap in 2024:
Spain's Largest Companies by market capitalization, 2024
| RANK | COMPANY | MARKET CAPTIAL (USD DOLLAR) | CEO |
|---|---|---|---|
| 1 | INDITEX | $139 billion | Óscar García Maceiras |
| 2 | IBERDROLA, S.A. | $75.65 billion | Armando Martínez Martínez |
| 3 | BANCO SANTANDER, S.A. | $68.84 billion | José Antonio Alvarez |
| 4 | BBVA | $61.03 billion | Onur Genҫ |
| 5 | CAIXABANK, S.A. | $35.22 billion | Gonzalo Gortázar |
| 6 | AENA S.M.E., S.A. | $29.5 billion | Maurici Lucena Betriu |
| 7 | FERROVIAL SE | $28.19 billion | Ignacio Madridejos Fernandez |
| 8 | AMADEUS IT GROUP, S.A. | $27.63 billion | Luis Maroto |
| 9 | CELLNEX TELECOM, S.A. | $26.65 billion | Marco Patuano |
| 10 | TELEFÓNICA, S.A. | $23.74 billion | José María Álvarez-Pallete López |
| 11 | NATURGY ENERGY GROUP, S.A. | $21.47 billion | Francisco Miguel Reynes Massanet |
| 12 | ENDESA, S.A. | $19.29 billion | José D. Bogas Gálvez |
| 13 | REPSOL S.A. | $19.21 billion | Josu Jon Imaz |
| 14 | ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS, S.A. | $11.14 billion | Florentino Pérez |
| 15 | REDEIA CORPORACION S.A. | $9.09 billion | Roberto García Merino |
| 16 | BANCO DE SABADELL, S.A. | $7.7 billion | César González-Bueno |
| 17 | CORPORACIÓN ACCIONA ENERGÍAS RENOVABLES, S.A. | $7.44 billion | Rafael Mateo Alcala |
| 18 | MAPFRE S.A. | $6.9 billion | Antonio Huertas |
| 19 | ACCIONA, S.A. | $6.82 billion | José Manuel Entrecanales |
| 20 | BANKINTER, S.A. | $6.12 billion | María Dolores Dancausa |
| 21 | FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A. | $5.83 billion | Pablo Colio Abril |
| 22 | GRIFOLS, S.A. | $5.56 billion | Víctor Grífols Deu |
| 23 | MERLIN PROPERTIES SOCIMI, S.A. | $4.76 billion | Ismael Clemente |
| 24 | FLUIDRA, S.A. | $4.67 billion | Bruce W. Brooks |
| 25 | LABORATORIOS FARMACEUTICOS ROVI, S.A. | $4.4 billion | Juan López-Belmonte Encina |
| 26 | ALMIRALL, S.A. | $1.86 billion | Gianfranco Nazzi |
| 27 | GESTAMP AUTOMOCIÓN, S.A. | $1.8 billion | Francisco Jose Riberas Mera |
| 28 | ELECNOR, S.A. | $1.75 billion | Rafael Martín de Bustamante Vega |
| 29 | APPLUS SERVICES, S.A. | $1.62 billion | Joan Amigo |
| 30 | MELIA HOTELS INTERNATIONAL, S.A. | $1.61 billion | Gabriel Escarrer Jaume |
Market capitalization, commonly known as market cap, refers to the total market value of a company’s outstanding shares. It is calculated by multiplying the current stock price by the total number of shares outstanding. For example, if a company has 2.34 billion shares outstanding and its stock price is $66.66 per share, its market cap would be $156 billion (2,340,000,000 x $66.66). Investors often use the market cap as a quick estimate of a company’s overall value and as a factor in determining whether to buy a stock. Stocks are often categorized by market cap: mega-cap ($100 billion-plus), large-cap ($10 billion-$100 billion), mid-cap ($2 billion-$10 billion), small-cap ($300 million-$2 billion), and micro-cap (less than $300 million).
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