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Argentinian (MERVAL) Market Analysis & Valuation
UpdatedDec 12, 2025
DataAggregated Company Financials
Companies67
- 7D-3.8%
- 3M60.5%
- 1Y17.5%
- YTD3.1%
Over the last 7 days, the market has dropped 3.8%, driven by a pullback of 3.4% in the Energy sector. As for the longer term, the market has actually risen by 17% in the last year. Looking forward, earnings are forecast to grow by 43% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 12 Dec 2025 | AR$112.6t | AR$72.6t | AR$2.8t | 15.8x | 39.6x | 1.5x |
| Sun, 09 Nov 2025 | AR$108.3t | AR$71.2t | AR$2.7t | 16.9x | 40.6x | 1.5x |
| Tue, 07 Oct 2025 | AR$70.1t | AR$73.5t | AR$5.3t | 11.8x | 13.3x | 1x |
| Thu, 04 Sep 2025 | AR$78.3t | AR$72.2t | AR$5.3t | 14.2x | 14.9x | 1.1x |
| Sat, 02 Aug 2025 | AR$91.7t | AR$69.4t | AR$5.8t | 16.8x | 15.8x | 1.3x |
| Mon, 30 Jun 2025 | AR$80.6t | AR$69.1t | AR$6.0t | 13.2x | 13.4x | 1.2x |
| Wed, 28 May 2025 | AR$92.9t | AR$70.4t | AR$6.9t | 13.8x | 13.6x | 1.3x |
| Fri, 25 Apr 2025 | AR$87.9t | AR$68.6t | AR$8.2t | 14.1x | 10.7x | 1.3x |
| Sun, 23 Mar 2025 | AR$97.1t | AR$69.4t | AR$8.0t | 16.2x | 12.1x | 1.4x |
| Tue, 18 Feb 2025 | AR$96.3t | AR$49.1t | AR$4.3t | 21.4x | 22.2x | 2x |
| Thu, 16 Jan 2025 | AR$108.3t | AR$47.6t | AR$4.3t | 25x | 25.3x | 2.3x |
| Sat, 14 Dec 2024 | AR$93.9t | AR$47.6t | AR$4.2t | 22.7x | 22.2x | 2x |
| Mon, 11 Nov 2024 | AR$78.3t | AR$47.1t | AR$2.5t | 16.7x | 31x | 1.7x |
| Wed, 09 Oct 2024 | AR$67.9t | AR$45.0t | AR$3.0t | 20.7x | 22.4x | 1.5x |
| Fri, 06 Sep 2024 | AR$71.6t | AR$44.8t | AR$3.0t | 20.9x | 23.9x | 1.6x |
| Sun, 04 Aug 2024 | AR$59.5t | AR$38.0t | AR$935.2b | 16.7x | 63.6x | 1.6x |
| Tue, 02 Jul 2024 | AR$67.4t | AR$36.2t | AR$2.4t | 19x | 28.6x | 1.9x |
| Thu, 30 May 2024 | AR$65.4t | AR$42.7t | AR$2.3t | 18.2x | 28.1x | 1.5x |
| Sat, 27 Apr 2024 | AR$53.0t | AR$37.8t | AR$657.8b | 16.5x | 80.5x | 1.4x |
| Mon, 25 Mar 2024 | AR$51.7t | AR$36.2t | AR$585.9b | 28x | 88.3x | 1.4x |
| Wed, 21 Feb 2024 | AR$47.4t | AR$14.1t | AR$1.8t | 33.3x | 26.8x | 3.4x |
| Fri, 19 Jan 2024 | AR$51.1t | AR$13.9t | AR$1.7t | 36.8x | 29.9x | 3.7x |
| Sun, 17 Dec 2023 | AR$43.8t | AR$14.7t | AR$1.8t | 29.9x | 24.9x | 3x |
| Tue, 14 Nov 2023 | AR$27.8t | AR$13.4t | AR$1.4t | 21.7x | 19.4x | 2.1x |
| Thu, 12 Oct 2023 | AR$31.1t | AR$12.5t | AR$841.5b | 24.5x | 37x | 2.5x |
| Sat, 09 Sep 2023 | AR$23.7t | AR$11.9t | AR$732.9b | 22.4x | 32.4x | 2x |
| Mon, 07 Aug 2023 | AR$19.4t | AR$10.5t | AR$550.6b | 20.3x | 35.3x | 1.9x |
| Wed, 05 Jul 2023 | AR$18.8t | AR$10.4t | AR$530.9b | 21.8x | 35.4x | 1.8x |
| Fri, 02 Jun 2023 | AR$15.4t | AR$10.4t | AR$522.6b | 18.3x | 29.4x | 1.5x |
| Sun, 30 Apr 2023 | AR$13.1t | AR$9.8t | AR$430.4b | 17x | 30.5x | 1.3x |
| Tue, 28 Mar 2023 | AR$10.2t | AR$9.6t | AR$406.3b | 13.9x | 25x | 1.1x |
| Thu, 23 Feb 2023 | AR$10.8t | AR$6.3t | AR$251.2b | 18.9x | 42.8x | 1.7x |
| Sat, 21 Jan 2023 | AR$10.9t | AR$6.8t | AR$430.3b | 16.8x | 25.3x | 1.6x |
| Mon, 19 Dec 2022 | AR$7.5t | AR$6.8t | AR$438.9b | 13.6x | 17.1x | 1.1x |
Price to Earnings Ratio
17.1x
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 39.6x which is higher than its 3-year average PE of 28.1x.
Past Earnings Growth
- The earnings for Argentinean listed companies have grown 86% per year over the last three years.
- Revenues for these companies have grown 120% 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 | -3.83% | |
| Healthcare | 1.57% | |
| Real Estate | -1.08% | |
| Consumer Discretionary | -1.82% | |
| Financials | -2.64% | |
| Consumer Staples | -2.85% | |
| Energy | -3.39% | |
| Utilities | -3.90% | |
| Tech | -6.19% | |
| Telecom | -6.46% | |
| Industrials | -7.50% | |
| Materials | -9.24% | |
Sector PE
- Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 11.6x.
- Analysts are expecting annual earnings decline of 32.1% which is lower than the prior year's growth of 0.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 95% over the next 5 years.
- In contrast, the Real Estate sector is expected to see its earnings decline by 67% 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 | |
|---|---|---|---|---|---|---|
| CELU Celulosa Argentina | AR$472.00 | 9,397.0% +AR$4.7t | 4,921.3% | PS24.1x | Materials | |
| TRAN Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener | AR$4.02k | 5.3% +AR$90.0b | 71.4% | PE13x | Utilities | |
| TGNO4 Transportadora de Gas del Norte | AR$4.95k | 4.2% +AR$86.8b | 25.0% | PE11.6x | Energy | |
| A3 A3 Mercados | AR$3.40k | 5.1% +AR$40.5b | 35.2% | PE18.9x | Financials | |
| MOLA Molinos Agro | AR$26.50k | 2.7% +AR$34.4b | 13.7% | PE12.2x | Consumer Staples |