Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Argentinian (MERVAL) Market Analysis & Valuation

UpdatedOct 23, 2025
DataAggregated Company Financials
Companies70
  • 7D5.1%
  • 3M-8.0%
  • 1Y9.5%
  • YTD-29.2%

Over the last 7 days, the market has risen 5.1%, driven by gains of 10.0% in the Financials sector. In the last year, the market has climbed 9.5%. Earnings are forecast to grow by 34% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Oct 2025AR$76.5tAR$73.7tAR$5.3t12.7x14.3x1x
Sat, 20 Sep 2025AR$66.8tAR$73.6tAR$5.3t10.8x12.6x0.9x
Mon, 18 Aug 2025AR$86.8tAR$72.9tAR$5.1t14.9x17.2x1.2x
Wed, 16 Jul 2025AR$81.9tAR$69.2tAR$5.7t14.8x14.4x1.2x
Fri, 13 Jun 2025AR$86.3tAR$68.8tAR$5.9t15.4x14.7x1.3x
Sun, 11 May 2025AR$84.1tAR$68.7tAR$8.0t13.1x10.5x1.2x
Tue, 08 Apr 2025AR$84.1tAR$68.2tAR$8.1t13.4x10.4x1.2x
Thu, 06 Mar 2025AR$89.2tAR$56.4tAR$5.1t20x17.4x1.6x
Sat, 01 Feb 2025AR$103.6tAR$48.2tAR$4.2t24.4x24.4x2.2x
Mon, 30 Dec 2024AR$103.6tAR$47.7tAR$4.3t24.1x24.2x2.2x
Wed, 27 Nov 2024AR$89.8tAR$48.6tAR$4.1t19x21.8x1.8x
Fri, 25 Oct 2024AR$69.0tAR$45.8tAR$3.0t21.7x22.8x1.5x
Sun, 22 Sep 2024AR$72.2tAR$45.0tAR$3.0t20.4x23.9x1.6x
Tue, 20 Aug 2024AR$67.1tAR$41.7tAR$2.8t19.8x24.2x1.6x
Thu, 18 Jul 2024AR$63.6tAR$36.5tAR$2.4t18.4x26.8x1.7x
Sat, 15 Jun 2024AR$66.9tAR$36.3tAR$2.2t18.5x30.4x1.8x
Mon, 13 May 2024AR$58.1tAR$39.2tAR$841.1b16.7x69x1.5x
Wed, 10 Apr 2024AR$52.1tAR$37.4tAR$659.4b23.7x79.1x1.4x
Fri, 08 Mar 2024AR$43.1tAR$29.9tAR$1.2t28.2x36x1.4x
Sun, 04 Feb 2024AR$58.6tAR$13.9tAR$1.7t43.6x34.3x4.2x
Tue, 02 Jan 2024AR$41.4tAR$13.9tAR$1.7t31.5x24.2x3x
Thu, 30 Nov 2023AR$34.4tAR$14.9tAR$1.7t24.6x19.8x2.3x
Sat, 28 Oct 2023AR$28.9tAR$12.5tAR$854.9b22.3x33.8x2.3x
Mon, 25 Sep 2023AR$24.2tAR$12.2tAR$839.2b21.4x28.8x2x
Wed, 23 Aug 2023AR$25.4tAR$11.1tAR$630.0b26.2x40.4x2.3x
Fri, 21 Jul 2023AR$19.6tAR$10.5tAR$550.6b21.8x35.5x1.9x
Sun, 18 Jun 2023AR$17.5tAR$10.4tAR$526.1b19.5x33.3x1.7x
Tue, 16 May 2023AR$13.9tAR$10.1tAR$459.9b17x30.1x1.4x
Thu, 13 Apr 2023AR$11.7tAR$9.7tAR$424.1b14.7x27.6x1.2x
Sat, 11 Mar 2023AR$10.3tAR$7.0tAR$295.6b17x34.9x1.5x
Mon, 06 Feb 2023AR$10.7tAR$6.7tAR$424.1b16.9x25.1x1.6x
Wed, 04 Jan 2023AR$9.0tAR$6.8tAR$429.6b15.5x21.1x1.3x
Fri, 02 Dec 2022AR$7.6tAR$6.8tAR$441.1b12.5x17.2x1.1x
Sun, 30 Oct 2022AR$6.7tAR$6.2tAR$655.5b10.7x10.2x1.1x
Price to Earnings Ratio

10.2x


Total Market Cap: AR$6.7tTotal Earnings: AR$655.5bTotal Revenue: AR$6.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Market Price to Earnings3Y Average 27.3x202320242025
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 14.3x which is lower than its 3-year average PE of 27.3x.
Past Earnings Growth
  • The earnings for Argentinean listed companies have grown 101% per year over the last three years.
  • Revenues for these companies have grown 128% 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 Market5.13%
Materials10.11%
Financials9.96%
Consumer Staples5.52%
Telecom5.25%
Real Estate4.77%
Energy3.18%
Industrials2.06%
Consumer Discretionary0.44%
Healthcare0.31%
Utilities-1.20%
Tech-3.02%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 9.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 1.0% which is higher than its past year's earnings decline of 30.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 97% over the next 5 years.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 11% 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
CELU Celulosa ArgentinaAR$253.509,631.3%
+AR$2.5t		2,784.0%PS12.9xMaterials
YPFD YPF Sociedad AnónimaAR$41.74k6.7%
+AR$1.0t		40.2%PE14.5xEnergy
GGAL Grupo Financiero GaliciaAR$5.42k11.7%
+AR$911.5b		-13.0%PB1.3xFinancials
BMA Banco MacroAR$9.04k16.3%
+AR$808.9b		-0.4%PB1.3xFinancials
TGSU2 Transportadora de Gas del SurAR$7.05k6.9%
+AR$342.5b		36.5%PE17xEnergy
See more

Market Insights

Header cover image
🤝 Circular Deals and Soaring Valuations: The Risk Beneath The AI Hype
Richard Bowman avatar
Richard Bowman
|
|
A flurry of deals between a handful of AI companies has prompted an avalanche of market pundits to declare the market an AI-fuelled bubble. Of course, the AI bubble talk has been going on for months, if not years. But recent deals have been compared to 1999 and even 1929.
Continue reading
📈 Markets Break Records: Q3 2025 in Review, Q4 Outlook Ahead
Last Week

📈 Markets Break Records: Q3 2025 in Review, Q4 Outlook Ahead

Latest News

BMA
AR$8,895.00
Banco Macro
7D
16.5%
1Y
5.4%
BBAR
AR$5,090.00
Banco BBVA Argentina
7D
9.9%
1Y
13.0%

Analyst Commentary Highlights Lowered Price Target and Ongoing Challenges for Banco BBVA Argentina

Banco BBVA Argentina's analyst price target has been lowered from ARS 9,663 to ARS 7,817. Analysts cite recent macroeconomic challenges and expectations of softer bank fundamentals following a sector-wide downgrade to Neutral.
YPFD
AR$39,820.00
YPF Sociedad Anónima
7D
2.9%
1Y
38.3%
GGAL
AR$5,305.00
Grupo Financiero Galicia
7D
10.6%
1Y
-10.1%

Digital Banking And Financial Inclusion Will Drive Future Opportunities

Analysts have revised Grupo Financiero Galicia's price target sharply downward from ARS 11,000 to ARS 5,500. They cited heightened macroeconomic uncertainty and concerns over banking sector fundamentals following recent electoral outcomes.
CEPU
AR$1,438.00
Central Puerto
7D
-0.6%
1Y
15.5%
BPAT
AR$1,410.00
Banco Patagonia
7D
-2.4%
1Y
-23.8%
TRAN
AR$1,839.00
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener
7D
-8.0%
1Y
-0.3%
CGPA2
AR$1,535.00
Camuzzi Gas Pampeana
7D
-4.1%
1Y
-17.3%
TXAR
AR$622.50
Ternium Argentina
7D
6.7%
1Y
-18.2%
GBAN
AR$1,350.00
Naturgy BAN
7D
-6.9%
1Y
13.4%
HARG
AR$1,105.00
Holcim (Argentina)
7D
-4.3%
1Y
-37.0%
METR
AR$1,444.00
MetroGAS
7D
-5.7%
1Y
18.8%
TGNO4
AR$2,415.00
Transportadora de Gas del Norte
7D
-2.3%
1Y
-18.4%
ALUA
AR$831.50
Aluar Aluminio ArgentinoI.C
7D
17.9%
1Y
5.9%
TGSU2
AR$7,010.00
Transportadora de Gas del Sur
7D
5.7%
1Y
40.8%
TECO2
AR$2,315.00
Telecom Argentina
7D
4.7%
1Y
25.1%