Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Argentinian (MERVAL) Market Analysis & Valuation

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies69
  • 7D5.8%
  • 3M-8.8%
  • 1Y13.9%
  • YTD-11.8%

The market has climbed by 5.8% over the past week, with every sector up and the Energy sector leading the way. In the last year, the market has climbed 14%. Looking forward, earnings are forecast to grow by 44% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

Has the Argentinian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Mar 2026AR$105.0tAR$87.1tAR$3.1t13.5x33.4x1.2x
Sun, 08 Feb 2026AR$110.2tAR$72.6tAR$3.0t15.2x37x1.5x
Tue, 06 Jan 2026AR$115.1tAR$72.8tAR$2.8t16.4x41.2x1.6x
Thu, 04 Dec 2025AR$113.7tAR$73.3tAR$2.9t16.7x38.6x1.6x
Sat, 01 Nov 2025AR$105.3tAR$73.7tAR$5.3t18.2x20x1.4x
Mon, 29 Sep 2025AR$69.9tAR$73.3tAR$5.2t11.7x13.4x1x
Wed, 27 Aug 2025AR$79.9tAR$72.2tAR$5.1t12.9x15.8x1.1x
Fri, 25 Jul 2025AR$82.6tAR$69.3tAR$5.7t15.4x14.6x1.2x
Sun, 22 Jun 2025AR$81.8tAR$69.1tAR$6.0t13.7x13.6x1.2x
Tue, 20 May 2025AR$91.9tAR$71.4tAR$6.4t14.9x14.3x1.3x
Thu, 17 Apr 2025AR$90.7tAR$68.1tAR$8.0t13.7x11.3x1.3x
Sat, 15 Mar 2025AR$89.6tAR$72.0tAR$8.5t15.3x10.6x1.2x
Mon, 10 Feb 2025AR$96.6tAR$48.2tAR$4.2t22.4x22.7x2x
Wed, 08 Jan 2025AR$110.9tAR$47.6tAR$4.3t24.8x25.9x2.3x
Fri, 06 Dec 2024AR$90.7tAR$47.6tAR$4.2t21.7x21.4x1.9x
Sun, 03 Nov 2024AR$74.4tAR$45.8tAR$3.0t24.3x24.6x1.6x
Tue, 01 Oct 2024AR$68.5tAR$45.0tAR$3.0t19.2x22.6x1.5x
Thu, 29 Aug 2024AR$65.5tAR$43.2tAR$2.8t19.2x23.2x1.5x
Sat, 27 Jul 2024AR$63.5tAR$36.6tAR$2.4t18.8x26.7x1.7x
Mon, 24 Jun 2024AR$66.1tAR$36.3tAR$2.4t17.6x28.1x1.8x
Wed, 22 May 2024AR$64.6tAR$39.4tAR$1.8t16.8x36.5x1.6x
Fri, 19 Apr 2024AR$49.0tAR$37.8tAR$655.2b16.1x74.8x1.3x
Sun, 17 Mar 2024AR$45.7tAR$35.2tAR$780.0b26.3x58.6x1.3x
Tue, 13 Feb 2024AR$51.2tAR$14.0tAR$1.8t43.4x28.9x3.7x
Thu, 11 Jan 2024AR$47.2tAR$13.9tAR$1.7t35x27.7x3.4x
Sat, 09 Dec 2023AR$42.4tAR$14.9tAR$1.8t25.8x23.9x2.8x
Mon, 06 Nov 2023AR$27.8tAR$12.5tAR$855.0b23.5x32.5x2.2x
Wed, 04 Oct 2023AR$24.5tAR$12.5tAR$844.9b21.3x28.9x2x
Fri, 01 Sep 2023AR$27.8tAR$11.8tAR$724.6b26.1x38.3x2.4x
Sun, 30 Jul 2023AR$19.4tAR$10.5tAR$550.6b20.7x35.3x1.9x
Tue, 27 Jun 2023AR$18.3tAR$10.4tAR$530.0b21.7x34.6x1.8x
Thu, 25 May 2023AR$14.8tAR$10.3tAR$525.4b17.8x28.2x1.4x
Sat, 22 Apr 2023AR$12.7tAR$9.8tAR$428.5b15.2x29.6x1.3x
Mon, 20 Mar 2023AR$9.7tAR$9.5tAR$389.3b14.1x24.8x1x
Price to Earnings Ratio

24.8x


Total Market Cap: AR$9.7tTotal Earnings: AR$389.3bTotal Revenue: AR$9.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Market Price to Earnings3Y Average 28.9x202420252026
Current Market PE
  • Investors are optimistic on the Argentinean market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 33.4x which is higher than its 3-year average PE of 28.9x.
Past Earnings Growth
  • The earnings for Argentinean listed companies have grown 101% per year over the last three years.
  • Revenues for these companies have grown 110% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Argentinian Market?

AR Market5.77%
Healthcare15.88%
Industrials9.24%
Consumer Staples8.41%
Energy8.39%
Tech8.25%
Utilities7.81%
Telecom6.11%
Materials5.77%
Consumer Discretionary5.36%
Real Estate3.54%
Financials1.64%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 14.6x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 93% over the next 5 years.
  • In contrast, the Consumer Staples sector is expected to see its earnings decline by 23% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
YPFD YPF Sociedad AnónimaAR$55.95k7.4%
+AR$1.5t		34.3%PS0.9xEnergy
TGSU2 Transportadora de Gas del SurAR$8.97k8.3%
+AR$519.4b		42.8%PE16xEnergy
TECO2 Telecom ArgentinaAR$3.40k6.0%
+AR$414.6b		29.0%PS0.9xTelecom
PAMP Pampa EnergíaAR$4.80k5.1%
+AR$315.7b		23.3%PE12.3xUtilities
TGNO4 Transportadora de Gas del NorteAR$4.41k18.1%
+AR$296.6b		25.6%PE8.8xEnergy
See more

Market Insights

Header cover image
Why international stocks are starting to outpace the U.S.
Stella Ong avatar
Stella Ong
From Europe to Asia, global markets surged in 2025 while U.S. earnings growth became more concentrated. Early signs suggest this might continue.
Continue reading
What the next 25 years will look like 🔮

Latest News

TECO2
AR$3,400.00
Telecom Argentina
7D
6.0%
1Y
29.0%
CEPU
AR$2,271.00
Central Puerto
7D
7.8%
1Y
52.9%
CRES
AR$1,733.00
Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria
7D
10.6%
1Y
34.9%
METR
AR$2,068.00
MetroGAS
7D
15.0%
1Y
0.9%
YPFD
AR$55,950.00
YPF Sociedad Anónima
7D
7.4%
1Y
34.3%
PAMP
AR$4,802.50
Pampa Energía
7D
5.1%
1Y
23.3%
TGNO4
AR$4,407.50
Transportadora de Gas del Norte
7D
18.1%
1Y
25.6%
BMA
AR$10,310.00
Banco Macro
7D
-2.9%
1Y
1.1%

BMA: Large Cash Dividend And Fintech Partnership Will Support Future Upside

Analysts have adjusted their view on Banco Macro with a refreshed ARS 12,040 price target, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E that together indicate a more conservative earnings and valuation profile than previously modeled. What's in the News Banco Macro has a Board Meeting scheduled for December 17, 2025, with an agenda that includes considering payment of instalment No. 7 of the cash dividend to shareholders (Key Developments).
GRIM
AR$2,645.00
Grimoldi
7D
-0.2%
1Y
97.4%
ROSE
AR$192.00
Instituto Rosenbusch
7D
-7.7%
1Y
94.7%
FERR
AR$2.42
Ferrum de Cerámica y Metalurgia
7D
-0.4%
1Y
-18.8%
LONG
AR$17.85
Longvie
7D
-0.6%
1Y
-41.8%
TGSU2
AR$8,970.00
Transportadora de Gas del Sur
7D
8.3%
1Y
42.8%