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Argentinian (MERVAL) Market Analysis & Valuation

UpdatedFeb 16, 2025
DataAggregated Company Financials
Companies68
  • 7D-0.6%
  • 3M13.6%
  • 1Y97.1%
  • YTD-11.3%

Over the last 7 days, the market has remained flat, although notably the Industrials sector gained 4.1% in that time. More promisingly, the market is up 97% over the past year. As for the next few years, earnings are expected to grow by 4.2% per annum.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Feb 2025AR$96.3tAR$49.2tAR$4.3t22.9x22.6x2x
Wed, 15 Jan 2025AR$117.1tAR$47.6tAR$4.3t25.1x27.4x2.5x
Fri, 13 Dec 2024AR$93.5tAR$47.6tAR$4.2t22.4x22.1x2x
Sun, 10 Nov 2024AR$78.3tAR$47.1tAR$2.5t16.4x31x1.7x
Tue, 08 Oct 2024AR$69.5tAR$45.0tAR$3.0t20.4x22.9x1.5x
Thu, 05 Sep 2024AR$69.3tAR$44.6tAR$2.8t20.1x24.4x1.6x
Sat, 03 Aug 2024AR$61.9tAR$37.9tAR$915.9b16.7x67.5x1.6x
Mon, 01 Jul 2024AR$67.4tAR$36.3tAR$2.4t18.7x28.6x1.9x
Wed, 29 May 2024AR$65.5tAR$40.8tAR$2.0t18x33.4x1.6x
Fri, 26 Apr 2024AR$51.5tAR$37.8tAR$659.1b16.4x78.1x1.4x
Sun, 24 Mar 2024AR$51.7tAR$36.2tAR$585.9b28x88.3x1.4x
Tue, 20 Feb 2024AR$48.1tAR$14.1tAR$1.8t33.8x27.2x3.4x
Thu, 18 Jan 2024AR$50.6tAR$13.9tAR$1.7t37.8x29.6x3.6x
Sat, 16 Dec 2023AR$43.8tAR$14.7tAR$1.8t29.9x24.9x3x
Mon, 13 Nov 2023AR$28.7tAR$13.5tAR$1.4t21.9x20.8x2.1x
Wed, 11 Oct 2023AR$30.4tAR$12.5tAR$843.2b23.8x36x2.4x
Fri, 08 Sep 2023AR$23.7tAR$11.9tAR$737.1b23.5x32.2x2x
Sun, 06 Aug 2023AR$19.4tAR$10.5tAR$550.6b20.3x35.3x1.9x
Tue, 04 Jul 2023AR$18.6tAR$10.4tAR$530.9b21.4x35.1x1.8x
Thu, 01 Jun 2023AR$15.0tAR$10.4tAR$522.6b17.5x28.6x1.4x
Sat, 29 Apr 2023AR$13.1tAR$9.8tAR$430.4b17x30.5x1.3x
Mon, 27 Mar 2023AR$9.6tAR$9.5tAR$403.0b14.6x23.9x1x
Wed, 22 Feb 2023AR$11.0tAR$6.3tAR$251.3b17.8x43.6x1.7x
Fri, 20 Jan 2023AR$10.4tAR$6.8tAR$429.5b16.4x24.2x1.5x
Sun, 18 Dec 2022AR$7.5tAR$6.8tAR$438.9b13.6x17.1x1.1x
Tue, 15 Nov 2022AR$6.7tAR$6.6tAR$422.5b11.5x16x1x
Thu, 13 Oct 2022AR$6.2tAR$6.2tAR$616.7b10.4x10.1x1x
Sat, 10 Sep 2022AR$6.6tAR$6.1tAR$563.6b11.6x11.7x1.1x
Mon, 08 Aug 2022AR$5.6tAR$5.6tAR$320.9b13.7x17.4x1x
Wed, 06 Jul 2022AR$4.4tAR$5.5tAR$313.4b11x14.1x0.8x
Fri, 03 Jun 2022AR$4.5tAR$5.5tAR$316.1b12.4x14.3x0.8x
Sun, 01 May 2022AR$4.4tAR$5.3tAR$259.0b11.7x17.1x0.8x
Tue, 29 Mar 2022AR$5.6tAR$5.2tAR$223.5b16.2x24.9x1.1x
Thu, 24 Feb 2022AR$4.5tAR$4.1tAR$151.7b16.8x29.7x1.1x
Price to Earnings Ratio

29.7x


Total Market Cap: AR$4.5tTotal Earnings: AR$151.7bTotal Revenue: AR$4.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Market Price to Earnings3Y Average 27.6x202320242025
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 22.6x which is lower than its 3-year average PE of 27.6x.
Past Earnings Growth
  • The earnings for Argentinean listed companies have grown 204% 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 Market-0.57%
Industrials4.11%
Utilities3.83%
Real Estate3.59%
Energy0.62%
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Materials-0.054%
Consumer Staples-0.62%
Tech-1.29%
Consumer Discretionary-1.75%
Telecom-3.00%
Financials-3.56%
Healthcare-7.69%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 30.3x.
    • 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 Financials sector, expecting annual earnings growth of 17% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Telecom sector is expected to see its earnings decline by 81% 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
TGSU2 Transportadora de Gas del SurAR$6.62k4.9%
+AR$233.4b
118.6%PE32.9xEnergy
METR MetroGASAR$2.53k13.5%
+AR$170.8b
173.5%PE15.3xUtilities
CGPA2 Camuzzi Gas PampeanaAR$3.32k13.5%
+AR$131.6b
80.3%PE8.5xUtilities
TGNO4 Transportadora de Gas del NorteAR$3.70k5.9%
+AR$90.1b
88.0%PS8.4xEnergy
EDN Empresa Distribuidora y Comercializadora Norte Sociedad AnónimaAR$2.39k4.4%
+AR$87.6b
127.2%PE17.4xUtilities
See more
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PAMP

AR$3,940.00

Pampa Energía

7D

1.3%

1Y

105.7%

TECO2

AR$2,675.00

Telecom Argentina

7D

-4.5%

1Y

54.4%

GGAL

AR$7,110.00

Grupo Financiero Galicia

7D

-6.4%

1Y

207.9%

CGPA2

AR$3,320.00

Camuzzi Gas Pampeana

7D

13.5%

1Y

80.3%

BMA

AR$11,025.00

Banco Macro

7D

-2.2%

1Y

212.8%

METR

AR$2,530.00

MetroGAS

7D

13.5%

1Y

173.5%

IRSA

AR$1,715.00

IRSA Inversiones y Representaciones Sociedad Anónima

7D

6.9%

1Y

76.8%

BPAT

AR$2,380.00

Banco Patagonia

7D

-4.0%

1Y

219.2%

YPFD

AR$45,050.00

YPF Sociedad Anónima

7D

-0.8%

1Y

138.1%

TGNO4

AR$3,695.00

Transportadora de Gas del Norte

7D

5.9%

1Y

88.0%

HARG

AR$2,020.00

Holcim (Argentina)

7D

-5.2%

1Y

61.1%

TGSU2

AR$6,620.00

Transportadora de Gas del Sur

7D

4.9%

1Y

118.6%