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Argentinian (MERVAL) Market Analysis & Valuation

UpdatedSep 16, 2025
DataAggregated Company Financials
Companies70
  • 7D0.7%
  • 3M-15.8%
  • 1Y-6.0%
  • YTD-36.2%

Over the last 7 days, the market has remained flat, although notably the Energy sector gained 3.8% in that time. As for last year, the market is down 6.0%. Earnings are forecast to grow by 35% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Sep 2025AR$70.3tAR$73.6tAR$5.3t12.1x13.2x1x
Thu, 14 Aug 2025AR$91.5tAR$70.6tAR$5.6t18.3x16.4x1.3x
Sat, 12 Jul 2025AR$83.7tAR$69.1tAR$6.0t13.3x14x1.2x
Mon, 09 Jun 2025AR$85.5tAR$67.2tAR$5.8t14.6x14.7x1.3x
Wed, 07 May 2025AR$81.4tAR$68.9tAR$8.1t12.8x10.1x1.2x
Fri, 04 Apr 2025AR$93.9tAR$66.6tAR$7.8t15.4x12.1x1.4x
Sun, 02 Mar 2025AR$89.0tAR$53.0tAR$4.8t18.8x18.5x1.7x
Tue, 28 Jan 2025AR$102.9tAR$48.2tAR$4.2t24.3x24.2x2.1x
Thu, 26 Dec 2024AR$102.7tAR$47.7tAR$4.3t24x24x2.2x
Sat, 23 Nov 2024AR$86.6tAR$48.9tAR$4.1t18.9x20.9x1.8x
Mon, 21 Oct 2024AR$71.4tAR$45.9tAR$3.0t20x23.5x1.6x
Wed, 18 Sep 2024AR$72.5tAR$45.4tAR$3.1t20x23.5x1.6x
Fri, 16 Aug 2024AR$65.3tAR$36.1tAR$2.3t19x28.5x1.8x
Sun, 14 Jul 2024AR$71.0tAR$36.5tAR$2.4t20x29.9x1.9x
Tue, 11 Jun 2024AR$65.3tAR$34.7tAR$2.1t18.4x30.5x1.9x
Thu, 09 May 2024AR$60.7tAR$38.5tAR$939.1b16.8x64.6x1.6x
Sat, 06 Apr 2024AR$50.7tAR$37.0tAR$622.9b31.9x81.3x1.4x
Mon, 04 Mar 2024AR$46.6tAR$16.8tAR$2.3t33.5x20.5x2.8x
Wed, 31 Jan 2024AR$55.7tAR$13.9tAR$1.7t41.1x32.5x4x
Fri, 29 Dec 2023AR$39.1tAR$13.9tAR$1.7t29.7x22.9x2.8x
Sun, 26 Nov 2023AR$40.4tAR$14.9tAR$1.7t23.4x23.3x2.7x
Tue, 24 Oct 2023AR$30.9tAR$12.5tAR$853.3b25.2x36.2x2.5x
Thu, 21 Sep 2023AR$24.4tAR$12.1tAR$781.3b22.4x31.3x2x
Sat, 19 Aug 2023AR$25.1tAR$11.0tAR$609.8b25.7x41.1x2.3x
Mon, 17 Jul 2023AR$18.9tAR$10.5tAR$550.6b20.2x34.4x1.8x
Wed, 14 Jun 2023AR$16.3tAR$10.4tAR$526.6b18.9x31x1.6x
Fri, 12 May 2023AR$13.6tAR$9.7tAR$420.4b16.9x32.3x1.4x
Sun, 09 Apr 2023AR$11.1tAR$9.7tAR$419.9b14.4x26.5x1.1x
Tue, 07 Mar 2023AR$10.9tAR$6.6tAR$233.2b17.5x46.5x1.6x
Thu, 02 Feb 2023AR$11.2tAR$6.7tAR$424.1b17x26.3x1.7x
Sat, 31 Dec 2022AR$9.0tAR$6.8tAR$431.7b15.7x20.9x1.3x
Mon, 28 Nov 2022AR$7.3tAR$6.8tAR$443.8b12.2x16.5x1.1x
Wed, 26 Oct 2022AR$6.5tAR$6.2tAR$616.6b10.9x10.5x1x
Fri, 23 Sep 2022AR$6.7tAR$6.1tAR$595.5b11.8x11.3x1.1x
Price to Earnings Ratio

11.3x


Total Market Cap: AR$6.7tTotal Earnings: AR$595.5bTotal Revenue: AR$6.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Market Price to Earnings3Y Average 27.2x202320242025
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 13.2x which is lower than its 3-year average PE of 27.2x.
Past Earnings Growth
  • The earnings for Argentinean listed companies have grown 107% per year over the last three years.
  • Revenues for these companies have grown 129% 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 Market0.72%
Energy3.80%
Materials1.63%
Utilities1.44%
Consumer Staples1.24%
Telecom0.59%
Consumer Discretionary-0.99%
Real Estate-2.51%
Financials-2.66%
Healthcare-3.26%
Industrials-4.13%
Tech-5.48%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth even though it's trading below its 3-year average PE ratio of 102x.
    • 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 87% 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
YPFD YPF Sociedad AnónimaAR$40.04k5.8%
+AR$857.4b		34.5%PE14xEnergy
PAMP Pampa EnergíaAR$3.55k8.5%
+AR$378.4b		21.8%PE7.4xUtilities
TXAR Ternium ArgentinaAR$555.508.9%
+AR$205.5b		-35.6%PE28.8xMaterials
TECO2 Telecom ArgentinaAR$2.11k2.8%
+AR$122.8b		2.1%PS0.9xTelecom
TGSU2 Transportadora de Gas del SurAR$6.31k2.3%
+AR$105.4b		19.1%PE15.2xEnergy
See more

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Latest News

ALUA
AR$667.00
Aluar Aluminio ArgentinoI.C
7D
-4.2%
1Y
-28.0%
BBAR
AR$4,320.00
Banco BBVA Argentina
7D
-4.2%
1Y
-8.2%

Argentina's Financial Normalization Will Fuel Digital Lending Growth

Analysts have lowered their price target for Banco BBVA Argentina to ARS9663, citing heightened macroeconomic and sector uncertainty—including elevated funding costs and suppressed credit demand—which has diminished confidence in the bank's near-term outlook. Analyst Commentary Lowered confidence in sector fundamentals due to adverse electoral outcomes driving greater macroeconomic uncertainty.
BMA
AR$6,330.00
Banco Macro
7D
-3.4%
1Y
-24.1%
MOLA
AR$18,325.00
Molinos Agro
7D
8.1%
1Y
-2.9%
BPAT
AR$1,310.00
Banco Patagonia
7D
-11.2%
1Y
-45.6%
SUPV
AR$1,599.00
Grupo Supervielle
7D
-9.0%
1Y
-21.8%
GGAL
AR$4,305.00
Grupo Financiero Galicia
7D
-3.0%
1Y
-22.0%
TGSU2
AR$6,310.00
Transportadora de Gas del Sur
7D
2.3%
1Y
19.1%
TECO2
AR$2,114.00
Telecom Argentina
7D
2.8%
1Y
2.1%
PAMP
AR$3,545.00
Pampa Energía
7D
8.5%
1Y
21.8%
YPFD
AR$40,040.00
YPF Sociedad Anónima
7D
5.8%
1Y
34.5%
CVH
AR$5,030.00
Cablevisión Holding
7D
-6.9%
1Y
-4.6%
TGNO4
AR$2,582.50
Transportadora de Gas del Norte
7D
-5.0%
1Y
-20.2%
BYMA
AR$164.75
Bolsas y Mercados Argentinos
7D
3.8%
1Y
-1.3%
TXAR
AR$555.50
Ternium Argentina
7D
8.9%
1Y
-35.6%
CTIO
AR$1,525.00
Consultatio
7D
4.8%
1Y
-37.1%