Endesa vs Iberdrola (ELE vs IBE)
Endesa (ELE) vs Iberdrola (IBE) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
Endesa (ELE) and Iberdrola (IBE) compete in utilities and renewables. Here are Endesa and Iberdrola side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Endesa or Iberdrola.
Endesa vs Iberdrola: the figures
| Figure | Endesa | Iberdrola |
|---|---|---|
| Share price | €44.85 (November 4, 2026) | €22.60 (November 4, 2026) |
| Market cap | €45.5 billion | €150.8 billion |
| P/E (TTM) | 18.8x | 30.5x |
| Forward P/E | 18.5x | 20.3x |
| Revenue growth (quarter) | +27.0% | +15.9% |
| Net margin (TTM) | 10.9% | 14.7% |
| Net debt / EBITDA | 2.1x | 3.9x |
| Dividend yield | 3.62% | 3.08% |
| Beta | 0.50 | 0.45 |
Endesa and Iberdrola figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Endesa or Iberdrola figure is not available, and we never estimate it.
3 key differences between Endesa and Iberdrola
- Valuation: Iberdrola trades at 30.5x its annual earnings and Endesa at 18.8x; the market pays more for each dollar of Iberdrola profit, usually because it expects more growth.
- Growth: Endesa grew sales +27.0% year on year in its latest quarter, against +15.9% for Iberdrola.
- Debt: Iberdrola owes 3.9x its annual operating profit (EBITDA), while Endesa owes 2.1x its EBITDA.
Endesa or Iberdrola: which fits your profile
- If you want growth: Endesa is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
- If you want income (dividends): Endesa pays the higher dividend relative to its price.
- If you prefer caution: Endesa has less debt relative to its profit, which usually gives more room in a bad year.
- If price is what matters most to you: Endesa trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.
Neither Endesa nor Iberdrola wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How Endesa and Iberdrola make money
Endesa (ELE)
Endesa, controlled by Italy's Enel, generates power from nuclear, hydro, combined-cycle and renewable plants and sells electricity and gas to homes and businesses in Spain and Portugal, which brings in most of its revenue. Its other major business is regulated distribution through e-distribución, which carries power to customers' meters. Full Endesa analysis.
Iberdrola (IBE)
Iberdrola reports two main businesses: Networks, its largest, which runs regulated power transmission and distribution grids, and Production and Customers, covering wind and solar farms, power plants and electricity and gas sales. It operates in Spain, the UK through ScottishPower, the US through Avangrid, Brazil through Neoenergia, and Mexico. Full Iberdrola analysis.
Frequently asked questions: Endesa vs Iberdrola
Is Endesa or Iberdrola the better stock?
Choosing between Endesa and Iberdrola depends on what you are looking for. Endesa is growing faster right now, and Endesa trades on the lower P/E. Fintols does not tell you whether to buy Endesa or Iberdrola: it shows you the differences so you can decide.
Which pays a higher dividend, Endesa or Iberdrola?
As of November 4, 2026, Endesa yields 3.62% and Iberdrola yields 3.08%. Also check how much of their profit Endesa and Iberdrola pay out: if it is more than they earn, it cannot last.
Which is more expensive, Endesa or Iberdrola?
On P/E, Iberdrola (30.5x) is more expensive than Endesa (18.8x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.
Can I own both Endesa and Iberdrola?
Yes. Many people spread their money across several companies, such as Endesa and Iberdrola, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Endesa or Iberdrola.
More comparisons with Endesa or Iberdrola
More companies like Endesa and Iberdrola: utilities and renewables stocks. Educational content about Endesa and Iberdrola, not investment advice.