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Argentinian (MERVAL) Financials Sector Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies11
  • 7D-5.1%
  • 3M26.1%
  • 1Y39.9%
  • YTD-1.3%

Over the last 7 days, the Financials industry has dropped 5.1%, driven by a pullback from Grupo Financiero Galicia of 6.6%. This takes the industry's 12 month performance to a gain of 40%. As for the next few years, earnings are expected to grow by 37% per annum.

Sector Valuation and Performance

Has the Argentinian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Jun 2026AR$34.6tAR$15.8tAR$927.1b18.1x37.3x2.2x
Mon, 25 May 2026AR$29.2tAR$16.8tAR$1.1t16.7x26.1x1.7x
Wed, 22 Apr 2026AR$31.8tAR$16.8tAR$1.1t16.7x27.7x1.9x
Fri, 20 Mar 2026AR$27.2tAR$16.8tAR$1.1t16.6x23.7x1.6x
Sun, 15 Feb 2026AR$31.4tAR$12.1tAR$1.5t16.8x20.6x2.6x
Tue, 13 Jan 2026AR$37.4tAR$12.2tAR$1.5t18x24.5x3.1x
Thu, 11 Dec 2025AR$33.7tAR$12.2tAR$1.5t18.8x21.9x2.8x
Sat, 08 Nov 2025AR$35.3tAR$13.6tAR$2.2t16.6x16x2.6x
Mon, 06 Oct 2025AR$18.3tAR$13.6tAR$2.2t9.6x8.3x1.3x
Wed, 03 Sep 2025AR$21.8tAR$14.3tAR$2.4t11.6x9.2x1.5x
Fri, 01 Aug 2025AR$27.8tAR$14.4tAR$2.1t13.4x12.9x1.9x
Sun, 29 Jun 2025AR$25.6tAR$14.4tAR$2.1t11.2x11.9x1.8x
Tue, 27 May 2025AR$30.5tAR$18.1tAR$2.9t13.4x10.6x1.7x
Thu, 24 Apr 2025AR$29.6tAR$18.7tAR$2.7t13.3x10.9x1.6x
Sat, 22 Mar 2025AR$29.5tAR$18.8tAR$2.7t13.6x10.9x1.6x
Mon, 17 Feb 2025AR$30.1tAR$11.9tAR$1.8t16.7x16.7x2.5x
Wed, 15 Jan 2025AR$34.9tAR$11.3tAR$1.8t18x19.1x3.1x
Fri, 13 Dec 2024AR$25.6tAR$11.3tAR$1.8t14.8x14.1x2.3x
Sun, 10 Nov 2024AR$24.0tAR$14.2tAR$1.8t15.1x13.6x1.7x
Tue, 08 Oct 2024AR$21.1tAR$14.2tAR$1.8t15.7x12x1.5x
Thu, 05 Sep 2024AR$20.8tAR$14.6tAR$1.8t14.4x11.4x1.4x
Sat, 03 Aug 2024AR$16.9tAR$12.7tAR$1.8t15x9.4x1.3x
Mon, 01 Jul 2024AR$19.0tAR$12.7tAR$1.8t16.7x10.6x1.5x
Wed, 29 May 2024AR$18.7tAR$11.6tAR$1.6t17.9x11.7x1.6x
Fri, 26 Apr 2024AR$13.8tAR$10.1tAR$1.4t11.4x9.8x1.4x
Sun, 24 Mar 2024AR$13.1tAR$9.5tAR$1.4t12x9.6x1.4x
Tue, 20 Feb 2024AR$9.7tAR$3.2tAR$395.4b24.3x24.6x3x
Thu, 18 Jan 2024AR$8.9tAR$3.2tAR$376.1b25.6x23.7x2.8x
Sat, 16 Dec 2023AR$7.5tAR$3.4tAR$385.2b21x19.4x2.2x
Mon, 13 Nov 2023AR$4.5tAR$2.6tAR$304.0b14.6x14.8x1.7x
Wed, 11 Oct 2023AR$4.6tAR$2.6tAR$304.0b15.7x15.1x1.8x
Fri, 08 Sep 2023AR$4.5tAR$2.6tAR$301.4b15.8x15.1x1.7x
Sun, 06 Aug 2023AR$3.8tAR$2.2tAR$195.3b23.9x19.3x1.7x
Tue, 04 Jul 2023AR$3.8tAR$2.2tAR$195.3b24.1x19.7x1.8x
Price to Earnings Ratio

19.7x


Total Market Cap: AR$3.8tTotal Earnings: AR$195.3bTotal Revenue: AR$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Financials Sector Price to Earnings3Y Average 16.3x202420252026
Current Industry PE
  • Investors are optimistic on the Argentinean Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 37.3x which is higher than its 3-year average PE of 16.3x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 68% per year over the last three years.
  • Revenues for these companies have grown 94% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Argentinian Financials sector?

AR Market-5.36%
Financials-5.09%
Capital Markets-1.80%
Banks-5.48%
Industry PE
  • Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 16.5x.
    • Analysts are expecting annual earnings growth of 39.0%, which is higher than its past year's earnings decline of 56.5% per year.
  • Investors are most pessimistic about the Capital Markets industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 39% over the next 5 years.
  • This is better than its past earnings decline of 57% per year.
  • In contrast, the Capital Markets industry is expected to see its earnings grow by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
VALO Banco de ValoresAR$647.501.9%
+AR$13.8b		104.9%PE14.1x
A3 A3 MercadosAR$3.47k0.9%
+AR$7.4b		29.7%PE7.5x

Latest News

BBAR
AR$9,865.00
Banco BBVA Argentina
7D
-6.8%
1Y
46.6%
GGAL
AR$7,715.00
Grupo Financiero Galicia
7D
-6.6%
1Y
24.2%
Narrative Update • Jun 25

GGAL: Rising Cash Dividends Will Support Upside Through Secular Credit Cycle

Analysts have adjusted their valuation on Grupo Financiero Galicia, lifting the fair value estimate from ARS 8,500 to ARS 9,030 as they factor in an updated mix of slightly lower revenue growth and profit margin assumptions, along with a higher future P/E multiple and a modestly lower discount rate. What’s in the News for Grupo Financiero Galicia On April 29, 2026, Grupo Financiero Galicia’s board, following decisions from the shareholders’ meeting held on April 28, 2026, approved a cash dividend of ARS 150,000,228,000, equal to ARS 93.385139154438 per share, with a face value of ARS 1.00, representing 9,338.5139% of the company’s capital stock as of that date.
VALO
AR$647.50
Banco de Valores
7D
1.9%
1Y
104.9%
SUPV
AR$2,957.50
Grupo Supervielle
7D
-11.3%
1Y
12.0%
Narrative Update • Jun 24

SUPV: Bylaw Revisions And Slightly Lower P/E Will Shape Future Returns

Analysts have adjusted their view on Grupo Supervielle, trimming the ARS fair value estimate by ARS 50 to ARS 3,417.50 as they factor in updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples following recent research commentary. What's in the News Grupo Supervielle shareholders at the Ordinary and Extraordinary Shareholders' Meeting on April 23, 2026, approved an amendment to Article Five of the company's bylaws and a new restated version of the bylaws, delegating issuance of the updated text to the Board of Directors.
BMA
AR$14,110.00
Banco Macro
7D
-3.7%
1Y
64.8%
BHIP
AR$355.50
Banco Hipotecario
7D
-9.2%
1Y
1.4%
BPAT
AR$2,110.00
Banco Patagonia
7D
-9.8%
1Y
1.9%
A3
AR$3,470.00
A3 Mercados
7D
0.9%
1Y
29.7%
BYMA
AR$305.50
Bolsas y Mercados Argentinos
7D
-3.9%
1Y
54.1%