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Argentinian (MERVAL) Market Analysis & Valuation
UpdatedMay 18, 2025
DataAggregated Company Financials
Companies67
- 7D9.4%
- 3M1.2%
- 1Y44.8%
- YTD-15.2%
The market is up 9.4% in the last 7 days, led by the Energy and all sectors gaining ground. In the last year, the market has climbed 45%. As for the next few years, earnings are expected to grow by 20% per annum.
Trending IndustriesOil and Gas
Market Valuation and Performance
Has the Argentinian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 18 May 2025 | AR$91.9t | AR$71.3t | AR$6.3t | 14.4x | 14.5x | 1.3x |
| Tue, 15 Apr 2025 | AR$88.9t | AR$68.1t | AR$8.0t | 14.9x | 11.1x | 1.3x |
| Thu, 13 Mar 2025 | AR$86.7t | AR$68.7t | AR$7.6t | 15.5x | 11.4x | 1.3x |
| Sat, 08 Feb 2025 | AR$99.7t | AR$48.2t | AR$4.2t | 22.4x | 23.5x | 2.1x |
| Mon, 06 Jan 2025 | AR$108.5t | AR$47.6t | AR$4.3t | 24.5x | 25.4x | 2.3x |
| Wed, 04 Dec 2024 | AR$93.5t | AR$49.5t | AR$4.3t | 21.9x | 21.7x | 1.9x |
| Fri, 01 Nov 2024 | AR$72.6t | AR$45.8t | AR$3.0t | 23.3x | 24x | 1.6x |
| Sun, 29 Sep 2024 | AR$68.5t | AR$45.0t | AR$3.0t | 20.1x | 22.6x | 1.5x |
| Tue, 27 Aug 2024 | AR$65.1t | AR$43.2t | AR$2.8t | 19x | 22.9x | 1.5x |
| Thu, 25 Jul 2024 | AR$67.2t | AR$36.6t | AR$2.4t | 19.6x | 28.3x | 1.8x |
| Sat, 22 Jun 2024 | AR$66.1t | AR$36.3t | AR$2.4t | 17.6x | 28.1x | 1.8x |
| Mon, 20 May 2024 | AR$61.6t | AR$39.4t | AR$1.8t | 16.9x | 34.8x | 1.6x |
| Wed, 17 Apr 2024 | AR$47.6t | AR$37.4t | AR$618.3b | 16.2x | 76.9x | 1.3x |
| Fri, 15 Mar 2024 | AR$44.8t | AR$35.2t | AR$795.7b | 25.8x | 56.2x | 1.3x |
| Sun, 11 Feb 2024 | AR$51.2t | AR$14.0t | AR$1.8t | 43.4x | 28.9x | 3.7x |
| Tue, 09 Jan 2024 | AR$46.6t | AR$18.8t | AR$2.5t | 31.4x | 18.4x | 2.5x |
| Thu, 07 Dec 2023 | AR$39.8t | AR$14.9t | AR$1.8t | 26.2x | 22.5x | 2.7x |
| Sat, 04 Nov 2023 | AR$27.9t | AR$12.5t | AR$854.9b | 23.4x | 32.6x | 2.2x |
| Mon, 02 Oct 2023 | AR$24.7t | AR$12.3t | AR$841.1b | 22.7x | 29.4x | 2x |
| Wed, 30 Aug 2023 | AR$29.0t | AR$11.8t | AR$723.3b | 26.8x | 40x | 2.5x |
| Fri, 28 Jul 2023 | AR$20.2t | AR$10.5t | AR$550.6b | 21.2x | 36.7x | 1.9x |
| Sun, 25 Jun 2023 | AR$18.1t | AR$10.4t | AR$530.0b | 21.7x | 34.1x | 1.7x |
| Tue, 23 May 2023 | AR$14.7t | AR$10.3t | AR$526.5b | 18x | 28x | 1.4x |
| Thu, 20 Apr 2023 | AR$12.1t | AR$9.8t | AR$430.4b | 14.9x | 28.1x | 1.2x |
| Sat, 18 Mar 2023 | AR$9.7t | AR$9.5t | AR$389.4b | 14.1x | 24.8x | 1x |
| Mon, 13 Feb 2023 | AR$11.1t | AR$6.8t | AR$425.2b | 16.5x | 26x | 1.6x |
| Wed, 11 Jan 2023 | AR$9.7t | AR$6.8t | AR$430.1b | 15.7x | 22.6x | 1.4x |
| Fri, 09 Dec 2022 | AR$7.8t | AR$6.9t | AR$435.6b | 14x | 17.9x | 1.1x |
| Sun, 06 Nov 2022 | AR$6.8t | AR$6.2t | AR$658.8b | 10.9x | 10.4x | 1.1x |
| Tue, 04 Oct 2022 | AR$6.6t | AR$6.2t | AR$616.7b | 11.3x | 10.6x | 1.1x |
| Thu, 01 Sep 2022 | AR$6.3t | AR$6.1t | AR$556.4b | 12.2x | 11.3x | 1x |
| Sat, 30 Jul 2022 | AR$5.7t | AR$5.6t | AR$320.2b | 13x | 17.7x | 1x |
| Mon, 27 Jun 2022 | AR$4.0t | AR$5.5t | AR$314.0b | 10.3x | 12.6x | 0.7x |
| Wed, 25 May 2022 | AR$5.1t | AR$5.5t | AR$316.0b | 13.4x | 16.3x | 0.9x |
Price to Earnings Ratio
16.3x
Current Market PE
- Investors are pessimistic on the Argentinean market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 14.5x which is lower than its 3-year average PE of 27.1x.
Past Earnings Growth
- The earnings for Argentinean listed companies have grown 172% per year over the last three years.
- Revenues for these companies have grown 134% 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 Market | 9.39% | |
| Industrials | 15.02% | |
| Utilities | 14.31% | |
| Energy | 11.35% | |
| Materials | 11.22% | |
| Financials | 7.31% | |
| Telecom | 7.17% | |
| Healthcare | 4.74% | |
| Consumer Staples | 3.30% | |
| Real Estate | 2.48% | |
| Consumer Discretionary | 2.24% | |
| Tech | 1.83% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 29.3x.
- 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 41% over the next 5 years.
- This is better than its past earnings decline of 90% per year.
- In contrast, the Utilities sector is expected to see its earnings grow by 2.0% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| YPFD YPF Sociedad Anónima | AR$42.13k | 11.5% +AR$1.7t | 62.5% | PE10.9x | Energy | |
| GGAL Grupo Financiero Galicia | AR$7.30k | 7.7% +AR$835.3b | 87.2% | PB1.9x | Financials | |
| TGSU2 Transportadora de Gas del Sur | AR$7.21k | 11.6% +AR$564.6b | 72.2% | PE13.9x | Energy | |
| PAMP Pampa Energía | AR$3.86k | 10.4% +AR$496.3b | 81.9% | PE9.1x | Utilities | |
| BMA Banco Macro | AR$10.88k | 6.6% +AR$431.6b | 46.3% | PB1.7x | Financials |
