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Argentinian (MERVAL) Market Analysis & Valuation

UpdatedJul 03, 2025
DataAggregated Company Financials
Companies68
  • 7D1.8%
  • 3M1.2%
  • 1Y18.9%
  • YTD-24.6%

The market is up 1.8% over the last week, with the Utilities sector leading the way, up 3.2%. As for the past 12 months, the market is up 19%. Looking forward, earnings are forecast to grow by 22% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 06 Jul 2025AR$79.7tAR$69.1tAR$6.0t13.6x13.3x1.2x
Tue, 03 Jun 2025AR$90.0tAR$68.2tAR$5.8t15.6x15.5x1.3x
Thu, 01 May 2025AR$85.3tAR$68.8tAR$8.2t12.8x10.4x1.2x
Sat, 29 Mar 2025AR$96.4tAR$68.3tAR$8.1t16.4x11.9x1.4x
Mon, 24 Feb 2025AR$95.9tAR$49.1tAR$4.3t20x22.1x2x
Wed, 22 Jan 2025AR$101.7tAR$48.2tAR$4.2t24.5x23.9x2.1x
Fri, 20 Dec 2024AR$101.0tAR$47.7tAR$4.3t23.3x23.6x2.1x
Sun, 17 Nov 2024AR$83.3tAR$39.0tAR$1.7t17.7x48.7x2.1x
Tue, 15 Oct 2024AR$70.3tAR$45.8tAR$3.0t21.1x23x1.5x
Thu, 12 Sep 2024AR$70.8tAR$45.4tAR$3.1t20.2x22.9x1.6x
Sat, 10 Aug 2024AR$63.0tAR$38.0tAR$899.0b18.5x70.1x1.7x
Mon, 08 Jul 2024AR$67.6tAR$36.2tAR$2.4t18.9x28.7x1.9x
Wed, 05 Jun 2024AR$68.9tAR$43.9tAR$3.4t19.3x20.5x1.6x
Fri, 03 May 2024AR$54.7tAR$38.5tAR$834.3b15.6x65.5x1.4x
Sun, 31 Mar 2024AR$51.2tAR$36.2tAR$582.6b28.8x87.9x1.4x
Tue, 27 Feb 2024AR$48.2tAR$14.4tAR$1.7t36.7x28.2x3.3x
Thu, 25 Jan 2024AR$54.1tAR$13.9tAR$1.7t41.6x31.6x3.9x
Sat, 23 Dec 2023AR$42.4tAR$13.9tAR$1.7t30.5x24.8x3x
Mon, 20 Nov 2023AR$27.7tAR$13.8tAR$1.5t20.3x19x2x
Wed, 18 Oct 2023AR$34.7tAR$12.5tAR$836.2b25.3x41.5x2.8x
Fri, 15 Sep 2023AR$23.9tAR$12.0tAR$797.1b18.7x30x2x
Sun, 13 Aug 2023AR$20.3tAR$11.2tAR$604.9b20.2x33.6x1.8x
Tue, 11 Jul 2023AR$18.2tAR$10.4tAR$530.9b20.3x34.3x1.7x
Thu, 08 Jun 2023AR$16.5tAR$10.4tAR$525.9b18.1x31.4x1.6x
Sat, 06 May 2023AR$12.9tAR$9.7tAR$429.8b16.6x30x1.3x
Mon, 03 Apr 2023AR$10.8tAR$9.6tAR$407.1b14.8x26.4x1.1x
Wed, 01 Mar 2023AR$10.8tAR$6.6tAR$233.2b17.9x46.4x1.6x
Fri, 27 Jan 2023AR$11.6tAR$6.8tAR$430.3b17.1x26.9x1.7x
Sun, 25 Dec 2022AR$8.5tAR$6.8tAR$435.6b14.6x19.5x1.3x
Tue, 22 Nov 2022AR$7.1tAR$6.6tAR$430.1b11.8x16.4x1.1x
Thu, 20 Oct 2022AR$6.2tAR$6.2tAR$616.7b10.6x10x1x
Sat, 17 Sep 2022AR$6.6tAR$6.2tAR$596.8b11.6x11.1x1.1x
Mon, 15 Aug 2022AR$5.8tAR$5.8tAR$512.7b12.3x11.3x1x
Wed, 13 Jul 2022AR$4.9tAR$5.5tAR$313.7b11.7x15.6x0.9x
Price to Earnings Ratio

15.6x


Total Market Cap: AR$4.9tTotal Earnings: AR$313.7bTotal 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 13.3x which is lower than its 3-year average PE of 27.1x.
Past Earnings Growth
  • The earnings for Argentinean listed companies have grown 167% per year over the last three years.
  • Revenues for these companies have grown 132% 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 Market1.81%
Real Estate5.06%
Utilities3.24%
Materials3.03%
Telecom2.83%
Consumer Staples2.13%
Tech1.46%
Energy1.35%
Consumer Discretionary1.06%
Financials0.85%
Industrials-0.89%
Healthcare-3.47%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 68.1x.
    • 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 37% 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
TGSU2 Transportadora de Gas del SurAR$6.76k7.6%
+AR$361.3b		34.3%PE13xEnergy
PAMP Pampa EnergíaAR$3.62k6.8%
+AR$312.7b		43.9%PE8.2xUtilities
TECO2 Telecom ArgentinaAR$2.20k3.5%
+AR$161.5b		13.9%PE89xTelecom
IRSA IRSA Inversiones y Representaciones Sociedad AnónimaAR$1.82k8.0%
+AR$101.4b		51.0%PE7.7xReal Estate
TXAR Ternium ArgentinaAR$647.002.7%
+AR$76.8b		-38.6%PS1.4xMaterials
See more

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GGAL
AR$6,250.00
Grupo Financiero Galicia
7D
0.6%
1Y
57.0%
YPFD
AR$39,975.00
YPF Sociedad Anónima
7D
-0.3%
1Y
42.7%
AUSO
AR$2,385.00
Autopistas Del Sol
7D
-4.4%
1Y
-18.3%
BBAR
AR$6,670.00
Banco BBVA Argentina
7D
-0.9%
1Y
80.4%
CGPA2
AR$2,255.00
Camuzzi Gas Pampeana
7D
8.4%
1Y
9.7%
MOLA
AR$20,425.00
Molinos Agro
7D
6.5%
1Y
-6.9%
PATA
AR$1,210.00
Sociedad Anónima Importadora y Exportadora de la Patagonia
7D
-4.7%
1Y
-26.4%
TGSU2
AR$6,760.00
Transportadora de Gas del Sur
7D
7.6%
1Y
34.3%
PAMP
AR$3,620.00
Pampa Energía
7D
6.8%
1Y
43.9%
EDN
AR$1,630.00
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
7D
-2.1%
1Y
50.2%
TECO2
AR$2,200.00
Telecom Argentina
7D
3.5%
1Y
13.9%
COME
AR$119.00
Sociedad Comercial del Plata
7D
-4.2%
1Y
-46.2%
TXAR
AR$647.00
Ternium Argentina
7D
2.7%
1Y
-38.6%
CAPX
AR$4,965.00
Capex
7D
-0.9%
1Y
-31.3%
IRSA
AR$1,820.00
IRSA Inversiones y Representaciones Sociedad Anónima
7D
8.0%
1Y
51.0%
BYMA
AR$194.25
Bolsas y Mercados Argentinos
7D
-2.0%
1Y
8.1%