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Argentinian (MERVAL) Market Analysis & Valuation

UpdatedMar 12, 2026
DataAggregated Company Financials
Companies69
  • 7D8.1%
  • 3M-6.5%
  • 1Y15.0%
  • YTD-9.4%

The market is up 8.1% in the last 7 days, led by the Energy and all sectors gaining ground. In the last year, the market has climbed 15%. Looking forward, earnings are forecast to grow by 47% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Mar 2026AR$101.7tAR$84.2tAR$2.8t12.8x36.7x1.2x
Sat, 07 Feb 2026AR$108.1tAR$72.6tAR$3.0t15.2x36.2x1.5x
Mon, 05 Jan 2026AR$115.1tAR$72.8tAR$2.8t16.7x41.2x1.6x
Wed, 03 Dec 2025AR$114.0tAR$73.3tAR$2.9t16.2x38.7x1.6x
Fri, 31 Oct 2025AR$105.9tAR$73.7tAR$5.3t16.7x20.1x1.4x
Sun, 28 Sep 2025AR$69.9tAR$73.3tAR$5.2t11.7x13.4x1x
Tue, 26 Aug 2025AR$83.4tAR$72.3tAR$5.1t12.9x16.4x1.2x
Thu, 24 Jul 2025AR$82.5tAR$69.3tAR$5.7t15.3x14.6x1.2x
Sat, 21 Jun 2025AR$81.8tAR$69.1tAR$6.0t13.7x13.6x1.2x
Mon, 19 May 2025AR$91.9tAR$71.4tAR$6.4t14.4x14.3x1.3x
Wed, 16 Apr 2025AR$93.3tAR$68.1tAR$8.0t14.3x11.6x1.4x
Fri, 14 Mar 2025AR$91.1tAR$70.1tAR$7.8t15.6x11.7x1.3x
Sun, 09 Feb 2025AR$96.6tAR$48.2tAR$4.2t22.4x22.7x2x
Tue, 07 Jan 2025AR$108.5tAR$47.6tAR$4.3t24.6x25.4x2.3x
Thu, 05 Dec 2024AR$94.2tAR$49.5tAR$4.3t21.5x21.9x1.9x
Sat, 02 Nov 2024AR$72.9tAR$45.8tAR$3.0t24.3x24.1x1.6x
Mon, 30 Sep 2024AR$68.5tAR$45.0tAR$3.0t20.1x22.6x1.5x
Wed, 28 Aug 2024AR$64.8tAR$43.3tAR$2.8t18.9x22.9x1.5x
Fri, 26 Jul 2024AR$65.2tAR$36.6tAR$2.4t19.1x27.5x1.8x
Sun, 23 Jun 2024AR$66.1tAR$36.3tAR$2.4t17.6x28.1x1.8x
Tue, 21 May 2024AR$61.6tAR$39.3tAR$1.8t16.7x34.8x1.6x
Thu, 18 Apr 2024AR$49.1tAR$37.8tAR$655.9b16.1x74.8x1.3x
Sat, 16 Mar 2024AR$44.2tAR$35.3tAR$784.5b27.3x56.4x1.3x
Mon, 12 Feb 2024AR$51.2tAR$14.0tAR$1.8t43.4x28.9x3.7x
Wed, 10 Jan 2024AR$47.2tAR$13.9tAR$1.7t34.5x27.7x3.4x
Fri, 08 Dec 2023AR$40.3tAR$14.9tAR$1.8t29.1x22.7x2.7x
Sun, 05 Nov 2023AR$27.8tAR$12.5tAR$855.0b23.5x32.5x2.2x
Tue, 03 Oct 2023AR$24.7tAR$12.5tAR$844.9b21.6x29.2x2x
Thu, 31 Aug 2023AR$28.5tAR$11.8tAR$724.6b26.9x39.4x2.4x
Sat, 29 Jul 2023AR$19.4tAR$10.5tAR$550.6b20.7x35.3x1.9x
Mon, 26 Jun 2023AR$18.1tAR$10.4tAR$530.0b21.7x34.1x1.7x
Wed, 24 May 2023AR$14.8tAR$10.3tAR$525.0b18.1x28.1x1.4x
Fri, 21 Apr 2023AR$12.3tAR$9.8tAR$430.6b14.9x28.6x1.3x
Sun, 19 Mar 2023AR$9.5tAR$9.4tAR$387.7b14.1x24.5x1x
Price to Earnings Ratio

24.5x


Total Market Cap: AR$9.5tTotal Earnings: AR$387.7bTotal Revenue: AR$9.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Market Price to Earnings3Y Average 28.9x202420252026
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 36.7x which is higher than its 3-year average PE of 28.9x.
Past Earnings Growth
  • The earnings for Argentinean listed companies have grown 93% per year over the last three years.
  • Revenues for these companies have grown 107% 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 Market8.08%
Healthcare15.76%
Materials12.45%
Energy12.00%
Industrials11.68%
Utilities9.08%
Consumer Staples7.38%
Telecom7.01%
Financials4.02%
Real Estate2.60%
Tech2.44%
Consumer Discretionary1.34%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 14.6x.
    • 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 121% over the next 5 years.
  • In contrast, the Consumer Staples sector is expected to see its earnings decline by 23% 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
YPFD YPF Sociedad AnónimaAR$55.95k7.4%
+AR$1.5t		34.3%PS0.9xEnergy
TGSU2 Transportadora de Gas del SurAR$8.97k8.3%
+AR$519.4b		42.8%PE16xEnergy
TECO2 Telecom ArgentinaAR$3.40k6.0%
+AR$414.6b		29.0%PS1.2xTelecom
PAMP Pampa EnergíaAR$4.80k5.1%
+AR$315.7b		23.3%PE12.2xUtilities
TGNO4 Transportadora de Gas del NorteAR$4.41k18.1%
+AR$296.6b		25.6%PE8.8xEnergy
See more

Market Insights

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Latest News

GGAL
AR$6,575.00
Grupo Financiero Galicia
7D
2.5%
1Y
-7.5%
YPFD
AR$56,950.00
YPF Sociedad Anónima
7D
12.5%
1Y
36.3%
TECO2
AR$3,565.00
Telecom Argentina
7D
6.7%
1Y
31.1%
PAMP
AR$4,900.00
Pampa Energía
7D
9.1%
1Y
23.3%
TGNO4
AR$4,407.50
Transportadora de Gas del Norte
7D
15.5%
1Y
25.4%
BBAR
AR$7,290.00
Banco BBVA Argentina
7D
7.0%
1Y
-4.1%
FIPL
AR$190.50
Fiplasto
7D
-3.5%
1Y
-27.4%
ALUA
AR$876.50
Aluar Aluminio ArgentinoI.C
7D
18.7%
1Y
9.3%
ROSE
AR$208.00
Instituto Rosenbusch
7D
-2.6%
1Y
101.9%
TGSU2
AR$9,120.00
Transportadora de Gas del Sur
7D
8.7%
1Y
38.8%