STOCK COMPARISON
Iberdrola S.A. vs Enel SpA: Fair Value & Quality
Both stocks run through our valuation models. Here is how Iberdrola S.A. (IBE) and Enel SpA (ENEL) compare, as of Aug 10, 2026.
As of Aug 10, 2026, Fair Value Calculator sees Enel SpA as the more attractively valued of the two: Iberdrola S.A. trades at €20.70 versus a fair value of €9.34 (-55%), while Enel SpA trades at €10.04 versus €10.49 (+4%).
Iberdrola S.A.
IBE.MC · EUR · Utilities
-55%
upside to fair value
overvalued
Price€20.70
Fair Value€9.34
Quality44/100
Enel SpA
ENEL.MI · EUR · Utilities
+4%
upside to fair value
fairly valued
Price€10.04
Fair Value€10.49
Quality46/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Iberdrola S.A.Enel SpA
Valuation
26.2×P/E (TTM)25.8×
3.66×P/S (TTM)1.44×
3.18×P/B3.50×
14.2×EV/EBITDA8.0×
3.50×PEG0.90×
3.2%Dividend yield5.1%
€0.68Dividend per share€0.49
Profitability
14%Net margin5%
22%Operating margin19%
10%Return on equity11%
4%Return on assets5%
Growth
-5%Revenue growth (YoY)-7%
-5.5%Avg. growth/yr (3Y)-22.1%
6.6%Avg. growth/yr (5Y)1.0%
Balance & size
0.84×Debt / equity1.70×
$159BMarket cap$112B
expensiveGrowth qualityweak
Even match: 7 to 7 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Iberdrola S.A.of which business quality 42 · market factors 78
Enel SpAof which business quality 42 · market factors 70
ProfitabilityMargins and returns on capital today
35
34
Quality GrowthAre margins and returns improving?
43
23
CashflowEarnings quality: real cash, not paper profit
39
53
Fin. StrengthBalance sheet, leverage, solvency risk
29
6
InvestmentDisciplined investing over empire-building
59
71
Low VolatilityCalm price path (market factor)
97
79
MomentumPrice trend over the last 3–12 months (market factor)
63
58
52W MomentumDistance to the 52-week high (market factor)
81
81
Net IssuanceBuybacks instead of dilution
64
90
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Iberdrola S.A.
DCF Models€7.63
Earnings-Based€8.64
Dividend Discount€3.06
Multiples€16.73
Asset-Based€5.10
Growth DCF€7.98
Economic Profit€8.89
Growth Earnings€14.45
23 of 23 models see the stock below the current price.
Enel SpA
DCF Models€1.54
Earnings-Based€3.71
Dividend Discount€6.33
Multiples€7.24
Asset-Based€2.17
Growth DCF€0.54
Economic Profit€3.67
Growth Earnings€5.83
19 of 19 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Iberdrola S.A.
Bear €7.38Fair Value €9.34Bull €18.78
€20.70 = current price (white tick)
Enel SpA
Bear €7.34Fair Value €10.49Bull €12.26
€10.04 = current price (white tick)
Compare two other stocks
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Iberdrola S.A. · Utilities
Quality score44 · below median
Fair value upside-55% · bottom 25%
Enel SpA · Utilities
Quality score46 · below median
Fair value upside+4% · above median
Bottom line
As of Aug 10, 2026, Fair Value Calculator sees Enel SpA as the more attractively valued of the two: Iberdrola S.A. trades at €20.70 versus a fair value of €9.34 (-55%), while Enel SpA trades at €10.04 versus €10.49 (+4%).
Enel SpA has the higher quality score (46/100).
See the full analysis →
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
