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Spain’s Ibex has outpaced major European stock indexes since 2022
Spain’s Ibex stock index has risen about 130% since 2022.
Over the same period, Germany’s main index gained about 80%, France’s about 20%, and the Euro Stoxx about 60%.
The Ibex also climbed 49.3% in 2025, after analysts had described it as undervalued.
Geopolitical tensions, inflation and energy crises are adding uncertainty and volatility to markets.
Strains in fixed-income markets are another concern.
Analysts still have a moderately positive outlook for European shares, citing solid economic growth and positive company results.
Their outlook suggests they expect the market to remain supported, though the commentary gives no specific forecast for the Ibex.
Spain’s Ibex has risen about 130% since 2022, outperforming major European stock indexes, according to Expansión.
Over the same period, Germany’s index rose 80%, France’s 20% and the Euro Stoxx 60%.
The Ibex gained 49.3% in 2025.
The article says the market had been considered undervalued by analysts.
Analysts cited in the article maintain a moderately bullish outlook for European markets, pointing to solid growth and positive company results.
- Who
- Spain’s Ibex and major European stock indexes.
- What
- The Ibex has risen about 130% since 2022, outpacing the German, French and Euro Stoxx indexes.
- When
- Since 2022; the article was published on October 10, 2026.
- Where
- Spain and other European markets.
- Why
- The article says analysts had considered the Spanish market undervalued. It also cites expectations of solid growth and positive company results.
This story does not have two clearly opposing sides.
Spain and I are like this, madam.
The Ibex rose about 130%, while Germany’s index gained 80%, France’s 20% and the Euro Stoxx 60%.
The Ibex gained 49.3%.
Expansión published its analysis of the Ibex’s performance.
- Ibex gain since 2022
- About 130%
- Germany’s gain since 2022
- 80%
- France’s gain since 2022
- 20%
- Euro Stoxx gain since 2022
- 60%
- Ibex gain in 2025
- 49.3%








