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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 18 May 2025AR$91.9tAR$71.3tAR$6.3t14.4x14.5x1.3x
Tue, 15 Apr 2025AR$88.9tAR$68.1tAR$8.0t14.9x11.1x1.3x
Thu, 13 Mar 2025AR$86.7tAR$68.7tAR$7.6t15.5x11.4x1.3x
Sat, 08 Feb 2025AR$99.7tAR$48.2tAR$4.2t22.4x23.5x2.1x
Mon, 06 Jan 2025AR$108.5tAR$47.6tAR$4.3t24.5x25.4x2.3x
Wed, 04 Dec 2024AR$93.5tAR$49.5tAR$4.3t21.9x21.7x1.9x
Fri, 01 Nov 2024AR$72.6tAR$45.8tAR$3.0t23.3x24x1.6x
Sun, 29 Sep 2024AR$68.5tAR$45.0tAR$3.0t20.1x22.6x1.5x
Tue, 27 Aug 2024AR$65.1tAR$43.2tAR$2.8t19x22.9x1.5x
Thu, 25 Jul 2024AR$67.2tAR$36.6tAR$2.4t19.6x28.3x1.8x
Sat, 22 Jun 2024AR$66.1tAR$36.3tAR$2.4t17.6x28.1x1.8x
Mon, 20 May 2024AR$61.6tAR$39.4tAR$1.8t16.9x34.8x1.6x
Wed, 17 Apr 2024AR$47.6tAR$37.4tAR$618.3b16.2x76.9x1.3x
Fri, 15 Mar 2024AR$44.8tAR$35.2tAR$795.7b25.8x56.2x1.3x
Sun, 11 Feb 2024AR$51.2tAR$14.0tAR$1.8t43.4x28.9x3.7x
Tue, 09 Jan 2024AR$46.6tAR$18.8tAR$2.5t31.4x18.4x2.5x
Thu, 07 Dec 2023AR$39.8tAR$14.9tAR$1.8t26.2x22.5x2.7x
Sat, 04 Nov 2023AR$27.9tAR$12.5tAR$854.9b23.4x32.6x2.2x
Mon, 02 Oct 2023AR$24.7tAR$12.3tAR$841.1b22.7x29.4x2x
Wed, 30 Aug 2023AR$29.0tAR$11.8tAR$723.3b26.8x40x2.5x
Fri, 28 Jul 2023AR$20.2tAR$10.5tAR$550.6b21.2x36.7x1.9x
Sun, 25 Jun 2023AR$18.1tAR$10.4tAR$530.0b21.7x34.1x1.7x
Tue, 23 May 2023AR$14.7tAR$10.3tAR$526.5b18x28x1.4x
Thu, 20 Apr 2023AR$12.1tAR$9.8tAR$430.4b14.9x28.1x1.2x
Sat, 18 Mar 2023AR$9.7tAR$9.5tAR$389.4b14.1x24.8x1x
Mon, 13 Feb 2023AR$11.1tAR$6.8tAR$425.2b16.5x26x1.6x
Wed, 11 Jan 2023AR$9.7tAR$6.8tAR$430.1b15.7x22.6x1.4x
Fri, 09 Dec 2022AR$7.8tAR$6.9tAR$435.6b14x17.9x1.1x
Sun, 06 Nov 2022AR$6.8tAR$6.2tAR$658.8b10.9x10.4x1.1x
Tue, 04 Oct 2022AR$6.6tAR$6.2tAR$616.7b11.3x10.6x1.1x
Thu, 01 Sep 2022AR$6.3tAR$6.1tAR$556.4b12.2x11.3x1x
Sat, 30 Jul 2022AR$5.7tAR$5.6tAR$320.2b13x17.7x1x
Mon, 27 Jun 2022AR$4.0tAR$5.5tAR$314.0b10.3x12.6x0.7x
Wed, 25 May 2022AR$5.1tAR$5.5tAR$316.0b13.4x16.3x0.9x
Price to Earnings Ratio

16.3x


Total Market Cap: AR$5.1tTotal Earnings: AR$316.0bTotal Revenue: AR$5.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Market Price to Earnings3Y Average 27.1x202320242025
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 Market9.39%
Industrials15.02%
Utilities14.31%
Energy11.35%
Materials11.22%
Financials7.31%
Telecom7.17%
Healthcare4.74%
Consumer Staples3.30%
Real Estate2.48%
Consumer Discretionary2.24%
Tech1.83%
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?

CompanyLast Price7D1YValuationSector
YPFD YPF Sociedad AnónimaAR$42.13k11.5%
+AR$1.7t
62.5%PE10.9xEnergy
GGAL Grupo Financiero GaliciaAR$7.30k7.7%
+AR$835.3b
87.2%PB1.9xFinancials
TGSU2 Transportadora de Gas del SurAR$7.21k11.6%
+AR$564.6b
72.2%PE13.9xEnergy
PAMP Pampa EnergíaAR$3.86k10.4%
+AR$496.3b
81.9%PE9.1xUtilities
BMA Banco MacroAR$10.88k6.6%
+AR$431.6b
46.3%PB1.7xFinancials
See more
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TGSU2

AR$7,210.00

Transportadora de Gas del Sur

7D

11.6%

1Y

72.2%

YPFD

AR$42,125.00

YPF Sociedad Anónima

7D

11.5%

1Y

62.5%

TECO2

AR$2,565.00

Telecom Argentina

7D

6.4%

1Y

29.2%

MORI

AR$266.50

Morixe HermanosC.I

7D

-0.4%

1Y

52.5%

MOLI

AR$3,485.00

Molinos Rio de la Plata

7D

-3.5%

1Y

-9.0%

GGAL

AR$7,300.00

Grupo Financiero Galicia

7D

7.7%

1Y

87.2%

BBAR

AR$8,340.00

Banco BBVA Argentina

7D

6.2%

1Y

101.9%

RIGO

AR$770.00

Rigolleau

7D

-1.3%

1Y

-16.3%

BMA

AR$10,875.00

Banco Macro

7D

6.6%

1Y

46.3%

FIPL

AR$277.50

Fiplasto

7D

-5.3%

1Y

-15.4%

MIRG

AR$2,467.50

Mirgor Sociedad Anónima Comercial Industrial Financiera Inmobiliaria y Agropecuaria

7D

-2.9%

1Y

51.6%