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Argentinian (MERVAL) Market Analysis & Valuation

UpdatedMay 29, 2025
DataAggregated Company Financials
Companies67
  • 7D0.7%
  • 3M4.4%
  • 1Y37.2%
  • YTD-14.8%

Over the last 7 days, the market has remained flat, although notably the Materials sector gained 6.4% in that time. Meanwhile, the market is actually up 37% over the past year. Looking forward, earnings are forecast to grow by 21% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Thu, 17 Nov 2022AR$7.0tAR$6.7tAR$422.2b11.5x16.5x1x
Sat, 15 Oct 2022AR$6.2tAR$6.2tAR$616.7b10.5x10.1x1x
Mon, 12 Sep 2022AR$6.6tAR$6.0tAR$563.7b11.6x11.7x1.1x
Wed, 10 Aug 2022AR$5.6tAR$5.6tAR$331.1b12.8x17.1x1x
Fri, 08 Jul 2022AR$4.7tAR$5.5tAR$313.4b11.5x14.9x0.8x
Sun, 05 Jun 2022AR$4.5tAR$5.5tAR$316.1b12.3x14.2x0.8x
Price to Earnings Ratio

14.2x


Total Market Cap: AR$4.5tTotal Earnings: AR$316.1bTotal 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 13.9x which is lower than its 3-year average PE of 27.1x.
Past Earnings Growth
  • The earnings for Argentinean listed companies have grown 176% 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 Market0.66%
Materials6.40%
Energy2.95%
Tech1.83%
Healthcare0.89%
Consumer Staples0.63%
Utilities0.25%
Consumer Discretionary0.011%
Real Estate-0.40%
Industrials-0.71%
Financials-1.33%
Telecom-1.89%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 44.8x.
    • 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 industry is expected to see its earnings growth to stay flat 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$43.60k4.0%
+AR$658.8b
59.7%PE11.3xEnergy
ALUA Aluar Aluminio ArgentinoI.CAR$830.009.1%
+AR$193.2b
-16.9%PE192.1xMaterials
BYMA Bolsas y Mercados ArgentinosAR$218.5010.4%
+AR$156.3b
34.9%PE16.6xFinancials
TXAR Ternium ArgentinaAR$713.005.0%
+AR$153.6b
-28.8%PS1.5xMaterials
TGSU2 Transportadora de Gas del SurAR$7.23k1.4%
+AR$75.3b
57.4%PE13.9xEnergy
See more
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TGSU2

AR$7,230.00

Transportadora de Gas del Sur

7D

1.4%

1Y

57.4%

ALUA

AR$830.00

Aluar Aluminio ArgentinoI.C

7D

9.1%

1Y

-16.9%

BBAR

AR$8,170.00

Banco BBVA Argentina

7D

-3.5%

1Y

95.4%

BMA

AR$10,600.00

Banco Macro

7D

-2.1%

1Y

40.9%

YPFD

AR$43,600.00

YPF Sociedad Anónima

7D

4.0%

1Y

59.7%

CVH

AR$7,230.00

Cablevisión Holding

7D

5.1%

1Y

29.5%

TECO2

AR$2,430.00

Telecom Argentina

7D

-3.6%

1Y

17.3%

TGNO4

AR$3,575.00

Transportadora de Gas del Norte

7D

2.9%

1Y

22.4%

CRES

AR$1,460.00

Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria

7D

7.4%

1Y

30.7%

GGAL

AR$7,130.00

Grupo Financiero Galicia

7D

-1.5%

1Y

71.5%

TXAR

AR$713.00

Ternium Argentina

7D

5.0%

1Y

-28.8%

SUPV

AR$3,345.00

Grupo Supervielle

7D

-8.9%

1Y

102.1%

CAPX

AR$5,900.00

Capex

7D

-4.5%

1Y

-12.2%

BPAT

AR$2,330.00

Banco Patagonia

7D

-4.9%

1Y

-6.9%

BHIP

AR$461.00

Banco Hipotecario

7D

-6.0%

1Y

12.9%

BYMA

AR$218.50

Bolsas y Mercados Argentinos

7D

10.4%

1Y

34.9%