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Argentinian (MERVAL) Market Analysis & Valuation

UpdatedAug 22, 2025
DataAggregated Company Financials
Companies70
  • 7D-3.9%
  • 3M-10.4%
  • 1Y28.5%
  • YTD-23.8%

Over the last 7 days, the market has dropped 3.9%, driven by declines in the Financials and Utilities sectors of 4.5% and 7.4%, respectively. In the last year, the market is actually up 29%. Looking forward, 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
Fri, 22 Aug 2025AR$82.4tAR$72.7tAR$5.2t12.8x15.9x1.1x
Sun, 20 Jul 2025AR$82.5tAR$69.2tAR$5.7t14.7x14.6x1.2x
Tue, 17 Jun 2025AR$84.6tAR$68.8tAR$5.9t14.7x14.4x1.2x
Thu, 15 May 2025AR$90.5tAR$69.0tAR$8.1t12.7x11.1x1.3x
Sat, 12 Apr 2025AR$83.3tAR$68.2tAR$8.1t13.8x10.3x1.2x
Mon, 10 Mar 2025AR$90.8tAR$65.1tAR$7.5t17.2x12.1x1.4x
Wed, 05 Feb 2025AR$99.3tAR$48.2tAR$4.2t24.2x23.4x2.1x
Fri, 03 Jan 2025AR$101.7tAR$47.6tAR$4.3t24.5x23.8x2.1x
Sun, 01 Dec 2024AR$91.9tAR$49.0tAR$4.2t20x21.8x1.9x
Tue, 29 Oct 2024AR$73.1tAR$45.8tAR$3.0t22.2x24.2x1.6x
Thu, 26 Sep 2024AR$70.3tAR$45.0tAR$3.0t20.1x23.2x1.6x
Sat, 24 Aug 2024AR$63.9tAR$42.2tAR$2.9t19.2x22.3x1.5x
Mon, 22 Jul 2024AR$64.8tAR$36.6tAR$2.4t18.4x27.3x1.8x
Wed, 19 Jun 2024AR$66.4tAR$36.6tAR$2.4t17.5x27.9x1.8x
Fri, 17 May 2024AR$61.7tAR$40.1tAR$1.3t16.8x48.2x1.5x
Sun, 14 Apr 2024AR$50.4tAR$37.1tAR$567.7b17.1x88.8x1.4x
Tue, 12 Mar 2024AR$40.8tAR$31.7tAR$1.3t22.6x31.3x1.3x
Thu, 08 Feb 2024AR$54.6tAR$14.1tAR$1.8t41.3x30.8x3.9x
Sat, 06 Jan 2024AR$44.7tAR$13.9tAR$1.7t35x26.1x3.2x
Mon, 04 Dec 2023AR$38.8tAR$15.0tAR$1.7t24x22.3x2.6x
Wed, 01 Nov 2023AR$25.4tAR$12.5tAR$854.9b20.5x29.7x2x
Fri, 29 Sep 2023AR$25.5tAR$12.3tAR$841.4b22.6x30.3x2.1x
Sun, 27 Aug 2023AR$26.9tAR$11.8tAR$725.1b24.8x37.1x2.3x
Tue, 25 Jul 2023AR$20.0tAR$10.5tAR$550.6b22x36.3x1.9x
Thu, 22 Jun 2023AR$18.4tAR$10.4tAR$524.4b21.9x35.1x1.8x
Sat, 20 May 2023AR$14.7tAR$10.3tAR$521.7b18.2x28.2x1.4x
Mon, 17 Apr 2023AR$12.1tAR$9.8tAR$429.3b14.9x28.1x1.2x
Wed, 15 Mar 2023AR$9.6tAR$8.0tAR$305.7b15.8x31.5x1.2x
Fri, 10 Feb 2023AR$11.0tAR$6.7tAR$424.1b16.7x25.9x1.6x
Sun, 08 Jan 2023AR$9.6tAR$6.8tAR$430.1b15.4x22.4x1.4x
Tue, 06 Dec 2022AR$7.7tAR$6.9tAR$440.7b12.5x17.4x1.1x
Thu, 03 Nov 2022AR$6.8tAR$6.2tAR$658.8b10.9x10.3x1.1x
Sat, 01 Oct 2022AR$6.3tAR$6.2tAR$616.7b10.6x10.3x1x
Mon, 29 Aug 2022AR$6.5tAR$6.1tAR$558.2b12.8x11.6x1.1x
Price to Earnings Ratio

11.6x


Total Market Cap: AR$6.5tTotal Earnings: AR$558.2bTotal 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 15.9x which is lower than its 3-year average PE of 27.2x.
Past Earnings Growth
  • The earnings for Argentinean listed companies have grown 110% 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-3.88%
Tech0.11%
Healthcare-0.93%
Energy-1.93%
Real Estate-1.94%
Telecom-2.69%
Consumer Discretionary-2.78%
Materials-3.22%
Consumer Staples-3.65%
Financials-4.51%
Industrials-6.95%
Utilities-7.40%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 1.5x.
    • 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 89% over the next 5 years.
  • In contrast, the Real Estate sector is expected to see its earnings grow by 7.9% 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$7.46k1.5%
+AR$82.8b		58.6%PE18xEnergy
TRAN Compañía de Transporte de Energía Eléctrica en Alta Tensión TransenerAR$2.61k4.0%
+AR$44.5b		70.0%PE10.4xUtilities
CGPA2 Camuzzi Gas PampeanaAR$2.17k3.3%
+AR$23.3b		13.9%PE4.3xUtilities
CRES Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y AgropecuariaAR$1.43k1.1%
+AR$9.1b		46.6%PE13.1xConsumer Staples
CVH Cablevisión HoldingAR$6.91k0.4%
+AR$5.4b		44.4%PS0.2xTelecom
See more

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Latest News

BBAR
AR$6,210.00
Banco BBVA Argentina
7D
-9.5%
1Y
52.8%

Argentina's Expected 55% GDP Growth Will Open Up Banking Opportunities

Upward revisions to both revenue growth forecasts and net profit margin expectations for Banco BBVA Argentina have driven a notable increase in its consensus analyst price target from ARS10020 to ARS11747. Valuation Changes Summary of Valuation Changes for Banco BBVA Argentina The Consensus Analyst Price Target has significantly risen from ARS10020 to ARS11747.
EDN
AR$1,615.00
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
7D
-10.5%
1Y
42.3%
BMA
AR$8,700.00
Banco Macro
7D
-3.8%
1Y
27.8%
ECOG
AR$2,390.00
Ecogas Inversiones
7D
-90.3%
1Y
n/a
YPFD
AR$41,750.00
YPF Sociedad Anónima
7D
-2.7%
1Y
55.5%
TRAN
AR$2,610.00
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener
7D
4.0%
1Y
70.0%
CGPA2
AR$2,170.00
Camuzzi Gas Pampeana
7D
3.3%
1Y
13.9%
TECO2
AR$2,475.00
Telecom Argentina
7D
-3.5%
1Y
37.9%
CVH
AR$6,910.00
Cablevisión Holding
7D
0.4%
1Y
44.4%
TGSU2
AR$7,460.00
Transportadora de Gas del Sur
7D
1.5%
1Y
58.6%
PAMP
AR$3,755.00
Pampa Energía
7D
-4.0%
1Y
43.6%
ROSE
AR$209.50
Instituto Rosenbusch
7D
7.2%
1Y
155.5%
GGAL
AR$6,090.00
Grupo Financiero Galicia
7D
-5.6%
1Y
42.5%
VALO
AR$348.50
Banco de Valores
7D
0.9%
1Y
3.9%
CRES
AR$1,425.00
Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria
7D
1.1%
1Y
46.6%
A3
AR$2,515.00
A3 Mercados
7D
0.6%
1Y
41.1%