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Argentinian (MERVAL) Financials Sector Analysis

UpdatedMay 12, 2026
DataAggregated Company Financials
Companies11
  • 7D5.9%
  • 3M-16.5%
  • 1Y-0.5%
  • YTD-17.1%

The Financials industry has gained 5.9% in the last week and Grupo Financiero Galicia up 5.8%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 33% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 12 May 2026AR$28.6tAR$16.8tAR$1.1t16.7x24.9x1.7x
Thu, 09 Apr 2026AR$30.3tAR$16.8tAR$1.1t16.7x26.4x1.8x
Sat, 07 Mar 2026AR$27.8tAR$15.1tAR$1.7t15.3x16.3x1.8x
Mon, 02 Feb 2026AR$38.0tAR$12.1tAR$1.5t18.7x24.9x3.1x
Wed, 31 Dec 2025AR$36.3tAR$12.2tAR$1.5t18.1x23.6x3x
Fri, 28 Nov 2025AR$33.4tAR$13.5tAR$2.2t16.8x15.4x2.5x
Sun, 26 Oct 2025AR$23.1tAR$13.6tAR$2.2t11.2x10.5x1.7x
Tue, 23 Sep 2025AR$17.0tAR$13.6tAR$2.2t10x7.7x1.2x
Thu, 21 Aug 2025AR$25.1tAR$14.4tAR$2.2t11x11.3x1.7x
Sat, 19 Jul 2025AR$25.0tAR$14.4tAR$2.1t11.5x11.7x1.7x
Mon, 16 Jun 2025AR$26.7tAR$14.4tAR$2.1t12.2x12.5x1.9x
Wed, 14 May 2025AR$29.9tAR$18.9tAR$2.7t12.5x11x1.6x
Fri, 11 Apr 2025AR$28.3tAR$18.7tAR$2.7t11.2x10.5x1.5x
Sun, 09 Mar 2025AR$29.0tAR$16.8tAR$2.4t15x12.2x1.7x
Tue, 04 Feb 2025AR$33.2tAR$11.9tAR$1.8t16.7x18.5x2.8x
Thu, 02 Jan 2025AR$30.2tAR$11.3tAR$1.8t16.7x16.6x2.7x
Sat, 30 Nov 2024AR$24.6tAR$12.6tAR$1.8t16.7x13.7x1.9x
Mon, 28 Oct 2024AR$23.4tAR$14.2tAR$1.8t14.3x13.2x1.6x
Wed, 25 Sep 2024AR$22.0tAR$14.2tAR$1.8t16x12.5x1.6x
Fri, 23 Aug 2024AR$18.8tAR$12.6tAR$1.8t14.4x10.8x1.5x
Sun, 21 Jul 2024AR$16.9tAR$12.7tAR$1.8t15.6x9.5x1.3x
Tue, 18 Jun 2024AR$19.9tAR$12.6tAR$1.8t16.7x11.1x1.6x
Thu, 16 May 2024AR$16.8tAR$10.2tAR$1.3t16.2x12.5x1.6x
Sat, 13 Apr 2024AR$13.9tAR$10.1tAR$1.4t11.4x9.8x1.4x
Mon, 11 Mar 2024AR$10.3tAR$9.5tAR$1.4t9.9x7.6x1.1x
Wed, 07 Feb 2024AR$11.1tAR$3.3tAR$396.8b33x27.9x3.3x
Fri, 05 Jan 2024AR$7.5tAR$3.2tAR$376.1b22.4x19.8x2.3x
Sun, 03 Dec 2023AR$6.9tAR$3.5tAR$355.9b22.6x19.3x2x
Tue, 31 Oct 2023AR$4.0tAR$2.6tAR$304.0b13x13.2x1.5x
Thu, 28 Sep 2023AR$4.2tAR$2.7tAR$310.8b14.4x13.5x1.6x
Sat, 26 Aug 2023AR$5.0tAR$2.6tAR$300.0b17x16.7x1.9x
Mon, 24 Jul 2023AR$4.0tAR$2.2tAR$195.3b25.5x20.5x1.8x
Wed, 21 Jun 2023AR$3.5tAR$2.2tAR$195.1b21.2x17.9x1.6x
Fri, 19 May 2023AR$2.5tAR$2.0tAR$172.2b15.1x14.3x1.2x
Price to Earnings Ratio

14.3x


Total Market Cap: AR$2.5tTotal Earnings: AR$172.2bTotal Revenue: AR$2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Financials Sector Price to Earnings3Y Average 15.6x202420252026
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 24.9x which is higher than its 3-year average PE of 15.6x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 88% per year over the last three years.
  • Revenues for these companies have grown 102% 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 Market1.25%
Financials5.94%
Banks6.78%
Capital Markets0.75%
Industry PE
  • Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 15.2x.
    • Analysts are expecting annual earnings growth of 34.9%, which is higher than its past year's earnings decline of 53.0% 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 35% over the next 5 years.
  • This is better than its past earnings decline of 53% 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
GGAL Grupo Financiero GaliciaAR$6.43k5.8%
+AR$570.2b		-11.8%PB1.3x
BMA Banco MacroAR$11.15k7.7%
+AR$511.5b		4.0%PB1.4x
BBAR Banco BBVA ArgentinaAR$7.68k10.7%
+AR$453.4b		-6.5%PB1.4x
VALO Banco de ValoresAR$671.507.9%
+AR$56.3b		135.6%PE13.8x
A3 A3 MercadosAR$3.20k6.0%
+AR$44.2b		35.9%PE10.1x

Latest News

BMA
AR$11,150.00
Banco Macro
7D
7.7%
1Y
4.0%
BYMA
AR$297.50
Bolsas y Mercados Argentinos
7D
-3.1%
1Y
52.8%
GGAL
AR$6,430.00
Grupo Financiero Galicia
7D
5.8%
1Y
-11.8%
Narrative Update • May 04

GGAL: Overweight Rating And Rising Dividends Will Support Future Upside

Analysts have trimmed their price target on Grupo Financiero Galicia to ARS 11,421 from ARS 11,610, reflecting updated assumptions around slightly lower revenue growth, a modestly higher profit margin outlook, a reduced discount rate, and a lower future P/E, in line with recent Street research that also lowered targets while maintaining a positive stance on the stock. Analyst Commentary Recent commentary on Grupo Financiero Galicia highlights a mix of optimism about the stock's potential and caution around execution and valuation.
SUPV
AR$2,443.00
Grupo Supervielle
7D
2.5%
1Y
-31.9%
Narrative Update • May 02

SUPV: Higher Risk Premium And Share Cancellations Will Support Future Upside

Analysts have trimmed their ARS price targets for Grupo Supervielle, with recent cuts such as ARS0.50 at Morgan Stanley and to ARS11 from ARS12 at JPMorgan. They cited updated risk assumptions that are now reflected in a slightly higher discount rate and modestly adjusted future P/E expectations in valuation models.
BBAR
AR$7,675.00
Banco BBVA Argentina
7D
10.7%
1Y
-6.5%
Narrative Update • Apr 29

BBAR: Proposed Cash Or In Kind Dividend Will Support Future Upside Potential

Analysts have trimmed their price target on Banco BBVA Argentina to ARS 9,733 from ARS 10,033, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E levels. What's in the News Banco BBVA Argentina reported a class action lawsuit filed by Asociación Civil por los Consumidores y el Medio Ambiente, focused on alleged lack of disclosure of exchange rates and potential overcharges or commissions on certain foreign currency credit card conversions to US dollars.
BHIP
AR$333.00
Banco Hipotecario
7D
-0.6%
1Y
-25.3%
VALO
AR$671.50
Banco de Valores
7D
7.9%
1Y
135.6%
A3
AR$3,200.00
A3 Mercados
7D
6.0%
1Y
35.9%
BPAT
AR$1,930.00
Banco Patagonia
7D
-3.3%
1Y
-21.1%