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Argentinian (MERVAL) Market Analysis & Valuation

UpdatedDec 09, 2025
DataAggregated Company Financials
Companies67
  • 7D0.2%
  • 3M67.6%
  • 1Y24.2%
  • YTD6.0%

Over the last 7 days, the market has risen 1.1%, driven by gains of 4.1% in the Utilities sector. On the other hand, with a decline of 3.9%, the Real Estate sector is lagging behind. The market is up 26% over the last 12 months. Earnings are forecast to grow by 49% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Dec 2025AR$114.1tAR$73.2tAR$2.9t15.9x38.9x1.6x
Thu, 06 Nov 2025AR$114.9tAR$73.8tAR$5.3t18.9x21.7x1.6x
Sat, 04 Oct 2025AR$70.2tAR$73.5tAR$5.3t11.7x13.4x1x
Mon, 01 Sep 2025AR$78.5tAR$72.4tAR$5.3t12.5x14.7x1.1x
Wed, 30 Jul 2025AR$88.0tAR$69.3tAR$5.7t16.7x15.5x1.3x
Fri, 27 Jun 2025AR$80.1tAR$69.1tAR$6.0t13.2x13.3x1.2x
Sun, 25 May 2025AR$92.2tAR$70.5tAR$6.8t14.3x13.5x1.3x
Tue, 22 Apr 2025AR$86.4tAR$68.4tAR$8.2t12.4x10.6x1.3x
Thu, 20 Mar 2025AR$91.6tAR$69.2tAR$8.1t16x11.4x1.3x
Sat, 15 Feb 2025AR$94.9tAR$49.2tAR$4.3t22.9x22.2x1.9x
Mon, 13 Jan 2025AR$110.8tAR$47.6tAR$4.3t24.9x25.9x2.3x
Wed, 11 Dec 2024AR$91.4tAR$47.6tAR$4.2t22.4x21.6x1.9x
Fri, 08 Nov 2024AR$78.7tAR$45.5tAR$2.9t26.5x27x1.7x
Sun, 06 Oct 2024AR$69.5tAR$45.0tAR$3.0t20.7x22.9x1.5x
Tue, 03 Sep 2024AR$68.8tAR$44.6tAR$2.8t19.2x24.2x1.5x
Thu, 01 Aug 2024AR$62.1tAR$37.9tAR$919.2b17.5x67.6x1.6x
Sat, 29 Jun 2024AR$68.4tAR$36.3tAR$2.4t18.7x29x1.9x
Mon, 27 May 2024AR$63.3tAR$40.7tAR$2.0t17.8x32.3x1.6x
Wed, 24 Apr 2024AR$51.8tAR$37.8tAR$660.4b16.3x78.4x1.4x
Fri, 22 Mar 2024AR$50.2tAR$35.3tAR$772.9b29.5x65x1.4x
Sun, 18 Feb 2024AR$48.1tAR$14.1tAR$1.8t34.1x27.3x3.4x
Tue, 16 Jan 2024AR$47.8tAR$13.9tAR$1.7t35.7x27.9x3.4x
Thu, 14 Dec 2023AR$45.0tAR$14.9tAR$1.8t33.2x25.6x3x
Sat, 11 Nov 2023AR$27.3tAR$13.5tAR$1.3t21.1x20.8x2x
Mon, 09 Oct 2023AR$27.6tAR$12.5tAR$843.0b23.5x32.8x2.2x
Wed, 06 Sep 2023AR$25.7tAR$11.8tAR$724.7b25.5x35.4x2.2x
Fri, 04 Aug 2023AR$19.1tAR$10.5tAR$550.6b20.1x34.7x1.8x
Sun, 02 Jul 2023AR$18.2tAR$10.4tAR$530.9b21.5x34.3x1.7x
Tue, 30 May 2023AR$15.0tAR$10.3tAR$517.2b17.7x29x1.5x
Thu, 27 Apr 2023AR$13.4tAR$9.8tAR$429.9b16.5x31.1x1.4x
Sat, 25 Mar 2023AR$9.6tAR$9.5tAR$403.0b14.6x23.9x1x
Mon, 20 Feb 2023AR$11.0tAR$6.8tAR$386.0b17.4x28.4x1.6x
Wed, 18 Jan 2023AR$11.5tAR$6.8tAR$430.7b17.9x26.6x1.7x
Fri, 16 Dec 2022AR$7.5tAR$6.8tAR$438.9b13.8x17x1.1x
Price to Earnings Ratio

17x


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 28x202320242025
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 38.9x which is higher than its 3-year average PE of 28.0x.
Past Earnings Growth
  • The earnings for Argentinean listed companies have grown 88% per year over the last three years.
  • Revenues for these companies have grown 121% 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 Market0.17%
Healthcare4.61%
Consumer Discretionary2.60%
Utilities1.20%
Financials0.95%
Telecom0.88%
Tech0%0
Energy-0.33%
Consumer Staples-1.54%
Industrials-1.78%
Materials-2.80%
Real Estate-3.28%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 11.4x.
    • 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
BPAT Banco PatagoniaAR$2.96k17.2%
+AR$312.8b		21.8%PB1.5xFinancials
BMA Banco MacroAR$13.24k2.6%
+AR$217.4b		43.3%PB1.8xFinancials
TRAN Compañía de Transporte de Energía Eléctrica en Alta Tensión TransenerAR$3.96k9.0%
+AR$145.6b		72.1%PE12.8xUtilities
TGNO4 Transportadora de Gas del NorteAR$4.81k6.9%
+AR$137.3b		23.2%PE11.3xEnergy
CEPU Central PuertoAR$2.62k2.6%
+AR$101.4b		68.9%PE14.4xUtilities
See more

Market Insights

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SUPV
AR$3,397.50
Grupo Supervielle
7D
-1.9%
1Y
26.5%
GGAL
AR$7,680.00
Grupo Financiero Galicia
7D
-4.1%
1Y
21.7%
BBAR
AR$8,410.00
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7D
1.8%
1Y
34.6%

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BHIP
AR$549.00
Banco Hipotecario
7D
11.6%
1Y
14.6%
TXAR
AR$786.50
Ternium Argentina
7D
-3.6%
1Y
-14.4%
YPFD
AR$54,975.00
YPF Sociedad Anónima
7D
-1.3%
1Y
26.3%
TRAN
AR$3,957.50
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener
7D
9.0%
1Y
72.1%
EDN
AR$2,505.00
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
7D
-6.2%
1Y
2.2%
BMA
AR$13,240.00
Banco Macro
7D
2.6%
1Y
43.3%
ALUA
AR$1,065.00
Aluar Aluminio ArgentinoI.C
7D
-2.2%
1Y
16.5%
CEPU
AR$2,617.50
Central Puerto
7D
2.6%
1Y
68.9%

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Analysts have maintained their price target for Central Puerto at $2,900, citing improved revenue growth projections and a slightly higher discount rate. Profit margin expectations remain steady.
BPAT
AR$2,960.00
Banco Patagonia
7D
17.2%
1Y
21.8%
CTIO
AR$2,190.00
Consultatio
7D
-8.6%
1Y
-9.7%
TGNO4
AR$4,810.00
Transportadora de Gas del Norte
7D
6.9%
1Y
23.2%
MOLA
AR$26,050.00
Molinos Agro
7D
-1.7%
1Y
15.4%
METR
AR$2,717.50
MetroGAS
7D
5.3%
1Y
3.5%