Second Division 1947-48
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| Pts. | P | W | D | L | F | A | YC | RD | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 | 1 |  | Valladolid | 36 | 26 | 15 | 6 | 5 | 60 | 43 | 0 | 0 |
| 2 |  | Deportivo de La Coruña | 33 | 26 | 15 | 3 | 8 | 67 | 29 | 0 | 2 |
3 |  | Ferrol | 28 | 26 | 13 | 2 | 11 | 66 | 44 | 0 | 0 | |
4 |  | CD Málaga | 28 | 26 | 13 | 2 | 11 | 65 | 52 | 0 | 2 | |
| 5 |  | Levante | 27 | 26 | 11 | 5 | 10 | 64 | 53 | 0 | 1 | |
| 6 |  | Hércules | 26 | 26 | 12 | 2 | 12 | 68 | 63 | 0 | 2 | |
| 7 |  | Granada | 24 | 26 | 10 | 4 | 12 | 48 | 58 | 0 | 1 | |
| 8 |  | Mestalla | 24 | 26 | 10 | 4 | 12 | 59 | 65 | 0 | 1 | |
| 9 |  | Baracaldo | 24 | 26 | 12 | 0 | 14 | 52 | 67 | 0 | 3 | |
| 10 |  | Badalona | 24 | 26 | 10 | 4 | 12 | 63 | 76 | 0 | 1 | |
| 11 |  | Murcia | 23 | 26 | 9 | 5 | 12 | 43 | 59 | 0 | 1 | |
| 12 |  | Castellón | 23 | 26 | 10 | 3 | 13 | 48 | 60 | 0 | 3 | |
 | 13 |  | Mallorca | 22 | 26 | 9 | 4 | 13 | 44 | 65 | 0 | 2 |
| 14 |  | RCD Córdoba | 22 | 26 | 9 | 4 | 13 | 42 | 55 | 0 | 4 |
Promoted
Relegated