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Argentinian (MERVAL) Market Analysis & Valuation

UpdatedDec 13, 2025
DataAggregated Company Financials
Companies67
  • 7D-2.6%
  • 3M60.5%
  • 1Y14.8%
  • YTD3.1%

Over the last 7 days, the market has dropped 2.6%, driven by a pullback of 2.5% in the Energy sector. In contrast to the last week, the market is actually up 15% over the past year. As for the next few years, earnings are expected to grow by 43% per annum.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Dec 2025AR$111.0tAR$72.6tAR$2.8t15.6x39x1.5x
Mon, 10 Nov 2025AR$108.3tAR$71.2tAR$2.7t16.9x40.6x1.5x
Wed, 08 Oct 2025AR$70.2tAR$73.5tAR$5.3t11.7x13.3x1x
Fri, 05 Sep 2025AR$76.4tAR$72.2tAR$5.3t14.8x14.5x1.1x
Sun, 03 Aug 2025AR$90.2tAR$69.4tAR$5.8t16.8x15.5x1.3x
Tue, 01 Jul 2025AR$80.6tAR$69.1tAR$6.0t13x13.4x1.2x
Thu, 29 May 2025AR$92.6tAR$70.5tAR$6.7t15.8x13.9x1.3x
Sat, 26 Apr 2025AR$87.9tAR$68.8tAR$8.2t13.5x10.7x1.3x
Mon, 24 Mar 2025AR$97.1tAR$69.4tAR$8.0t16.2x12.1x1.4x
Wed, 19 Feb 2025AR$91.2tAR$49.1tAR$4.3t22.5x21.1x1.9x
Fri, 17 Jan 2025AR$107.3tAR$47.6tAR$4.3t24.4x25.1x2.3x
Sun, 15 Dec 2024AR$96.3tAR$47.6tAR$4.2t22.7x22.7x2x
Tue, 12 Nov 2024AR$78.3tAR$48.4tAR$2.4t16x32.1x1.6x
Thu, 10 Oct 2024AR$68.4tAR$45.0tAR$3.0t21x22.5x1.5x
Sat, 07 Sep 2024AR$69.2tAR$45.3tAR$3.1t19.9x22.4x1.5x
Mon, 05 Aug 2024AR$59.5tAR$38.0tAR$935.2b16.7x63.6x1.6x
Wed, 03 Jul 2024AR$66.5tAR$36.2tAR$2.4t19.3x28.2x1.8x
Fri, 31 May 2024AR$67.7tAR$43.7tAR$2.5t19.1x27.1x1.6x
Sun, 28 Apr 2024AR$53.0tAR$38.3tAR$836.1b16.7x63.4x1.4x
Tue, 26 Mar 2024AR$51.7tAR$36.2tAR$583.9b27x88.6x1.4x
Thu, 22 Feb 2024AR$47.4tAR$14.1tAR$1.8t33.8x26.8x3.4x
Sat, 20 Jan 2024AR$52.5tAR$13.9tAR$1.7t37.2x30.7x3.8x
Mon, 18 Dec 2023AR$41.4tAR$14.7tAR$1.8t29.9x23.5x2.8x
Wed, 15 Nov 2023AR$27.8tAR$13.8tAR$1.5t23.1x18x2x
Fri, 13 Oct 2023AR$31.2tAR$12.5tAR$841.8b25.4x37x2.5x
Sun, 10 Sep 2023AR$23.1tAR$11.8tAR$729.7b23.6x31.7x2x
Tue, 08 Aug 2023AR$19.4tAR$10.5tAR$566.2b19.6x34.3x1.8x
Thu, 06 Jul 2023AR$18.7tAR$10.4tAR$530.9b21.9x35.1x1.8x
Sat, 03 Jun 2023AR$15.4tAR$10.4tAR$523.8b19x29.4x1.5x
Mon, 01 May 2023AR$13.1tAR$9.8tAR$430.4b17x30.5x1.3x
Wed, 29 Mar 2023AR$10.6tAR$9.6tAR$406.5b14.5x26x1.1x
Fri, 24 Feb 2023AR$10.9tAR$6.3tAR$251.2b18.9x43.3x1.7x
Sun, 22 Jan 2023AR$10.9tAR$6.8tAR$430.3b16.8x25.3x1.6x
Tue, 20 Dec 2022AR$7.5tAR$6.8tAR$438.9b13.6x17.1x1.1x
Price to Earnings Ratio

17.1x


Total Market Cap: AR$7.5tTotal Earnings: AR$438.9bTotal Revenue: AR$6.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Market Price to Earnings3Y Average 28.1x202320242025
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 39.0x 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-2.62%
Real Estate2.35%
Healthcare1.12%
Financials-1.53%
Energy-2.52%
Consumer Staples-2.83%
Materials-3.24%
Utilities-3.25%
Consumer Discretionary-3.61%
Telecom-6.22%
Industrials-6.28%
Tech-6.88%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 11.7x.
    • 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?

CompanyLast Price7D1YValuationSector
TXAR Ternium ArgentinaAR$805.002.4%
+AR$83.6b		-12.8%PE221xMaterials
TGSU2 Transportadora de Gas del SurAR$9.61k1.1%
+AR$79.0b		48.1%PE20.5xEnergy
CTIO ConsultatioAR$2.35k7.1%
+AR$63.5b		-0.2%PE16.5xReal Estate
BBAR Banco BBVA ArgentinaAR$8.49k0.9%
+AR$46.0b		36.0%PB1.8xFinancials
A3 A3 MercadosAR$3.46k5.2%
+AR$41.7b		37.6%PE19.2xFinancials
See more

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BBAR
AR$8,485.00
Banco BBVA Argentina
7D
0.9%
1Y
36.0%
CEPU
AR$2,470.00
Central Puerto
7D
-5.6%
1Y
47.5%
GGAL
AR$7,360.00
Grupo Financiero Galicia
7D
-4.2%
1Y
8.9%
TXAR
AR$805.00
Ternium Argentina
7D
2.4%
1Y
-12.8%
YPFD
AR$52,850.00
YPF Sociedad Anónima
7D
-3.9%
1Y
8.9%
TRAN
AR$4,047.50
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener
7D
2.3%
1Y
46.9%
EDN
AR$2,319.00
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
7D
-7.4%
1Y
-14.3%
ALUA
AR$956.00
Aluar Aluminio ArgentinoI.C
7D
-10.2%
1Y
3.9%
BPAT
AR$2,755.00
Banco Patagonia
7D
-6.9%
1Y
6.6%
CTIO
AR$2,345.00
Consultatio
7D
7.1%
1Y
-0.2%
TECO2
AR$3,557.50
Telecom Argentina
7D
-6.8%
1Y
19.8%
A3
AR$3,455.00
A3 Mercados
7D
5.2%
1Y
37.6%
CRES
AR$1,800.00
Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria
7D
3.6%
1Y
20.8%
METR
AR$2,530.00
MetroGAS
7D
-6.9%
1Y
-13.1%
IRSA
AR$2,330.00
IRSA Inversiones y Representaciones Sociedad Anónima
7D
2.0%
1Y
29.8%
TGSU2
AR$9,610.00
Transportadora de Gas del Sur
7D
1.1%
1Y
48.1%