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Argentinian (MERVAL) Financials Sector Analysis

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies11
  • 7D5.1%
  • 3M97.6%
  • 1Y16.3%
  • YTD7.8%

The Financials industry is up 5.1% in the last week, with Grupo Financiero Galicia up 5.9%. This takes the industry's 12 month performance to a gain of 16%. As for the next few years, earnings are expected to grow by 47% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025AR$36.2tAR$12.2tAR$1.5t18.1x23.6x3x
Sat, 22 Nov 2025AR$31.1tAR$13.6tAR$2.2t15.5x13.9x2.3x
Mon, 20 Oct 2025AR$21.1tAR$13.6tAR$2.2t10.7x9.6x1.6x
Wed, 17 Sep 2025AR$18.0tAR$13.6tAR$2.2t9.5x8x1.3x
Fri, 15 Aug 2025AR$27.7tAR$14.4tAR$2.2t11.4x12.4x1.9x
Sun, 13 Jul 2025AR$24.7tAR$14.4tAR$2.1t11.4x11.5x1.7x
Tue, 10 Jun 2025AR$27.3tAR$14.5tAR$2.1t14.4x12.8x1.9x
Thu, 08 May 2025AR$29.3tAR$18.9tAR$2.7t11.2x10.8x1.6x
Sat, 05 Apr 2025AR$28.6tAR$17.1tAR$2.4t10.3x11.9x1.7x
Mon, 03 Mar 2025AR$28.3tAR$13.2tAR$1.6t16.9x17.7x2.1x
Wed, 29 Jan 2025AR$31.6tAR$11.9tAR$1.8t16.7x17.6x2.7x
Fri, 27 Dec 2024AR$30.6tAR$11.3tAR$1.8t16.7x16.8x2.7x
Sun, 24 Nov 2024AR$24.2tAR$12.3tAR$1.7t16.2x14.1x2x
Tue, 22 Oct 2024AR$22.3tAR$14.2tAR$1.8t14.6x12.6x1.6x
Thu, 19 Sep 2024AR$21.9tAR$14.7tAR$1.8t16.7x11.9x1.5x
Sat, 17 Aug 2024AR$19.1tAR$12.7tAR$1.7t14.6x10.9x1.5x
Mon, 15 Jul 2024AR$18.6tAR$12.7tAR$1.8t16.7x10.4x1.5x
Wed, 12 Jun 2024AR$19.3tAR$12.7tAR$1.8t16.7x10.8x1.5x
Fri, 10 May 2024AR$16.9tAR$10.2tAR$1.4t13.8x11.9x1.7x
Sun, 07 Apr 2024AR$13.0tAR$10.2tAR$1.4t11.4x9.2x1.3x
Tue, 05 Mar 2024AR$10.4tAR$5.6tAR$958.9b18.4x10.8x1.8x
Thu, 01 Feb 2024AR$11.1tAR$3.2tAR$376.1b32.9x29.5x3.5x
Sat, 30 Dec 2023AR$7.1tAR$3.2tAR$376.1b21.8x18.9x2.2x
Mon, 27 Nov 2023AR$6.4tAR$3.4tAR$343.3b20.8x18.6x1.9x
Wed, 25 Oct 2023AR$4.8tAR$2.6tAR$304.0b13.8x15.7x1.9x
Fri, 22 Sep 2023AR$4.4tAR$2.6tAR$303.8b14.8x14.4x1.7x
Sun, 20 Aug 2023AR$4.4tAR$2.2tAR$203.5b26.8x21.8x2x
Tue, 18 Jul 2023AR$3.7tAR$2.2tAR$195.3b24.3x19.1x1.7x
Thu, 15 Jun 2023AR$3.2tAR$2.2tAR$195.4b18.8x16.3x1.5x
Sat, 13 May 2023AR$2.5tAR$2.0tAR$174.8b14.7x14.2x1.2x
Mon, 10 Apr 2023AR$2.1tAR$2.0tAR$177.0b11.9x11.7x1x
Wed, 08 Mar 2023AR$2.2tAR$1.5tAR$131.1b16.1x16.4x1.4x
Fri, 03 Feb 2023AR$2.2tAR$1.1tAR$82.1b23.2x26.3x2x
Sun, 01 Jan 2023AR$1.6tAR$1.1tAR$88.2b13.5x17.9x1.4x
Price to Earnings Ratio

17.9x


Total Market Cap: AR$1.6tTotal Earnings: AR$88.2bTotal Revenue: AR$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Financials Sector Price to Earnings3Y Average 14.9x202320242025
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 23.6x which is higher than its 3-year average PE of 14.9x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 159% per year over the last three years.
  • Revenues for these companies have grown 123% 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 Market2.32%
Financials5.09%
Banks5.48%
Capital Markets1.51%
Industry PE
  • Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 13.8x.
    • Analysts are expecting annual earnings growth of 46.3%, which is higher than its past year's earnings decline of 67.8% 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 Capital Markets industry, expecting annual earnings growth of 57% over the next 5 years.
  • However this is lower than its past earnings growth rate of 176% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 46% 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$8.27k5.9%
+AR$738.9b		8.8%PB1.9x
BBAR Banco BBVA ArgentinaAR$9.28k5.2%
+AR$278.8b		22.7%PB1.9x
BMA Banco MacroAR$13.87k3.0%
+AR$262.2b		18.5%PB1.9x
BPAT Banco PatagoniaAR$2.94k7.1%
+AR$140.2b		6.5%PB1.4x
SUPV Grupo SupervielleAR$3.70k6.9%
+AR$104.0b		0%PB1.9x

Latest News

BHIP
AR$596.00
Banco Hipotecario
7D
6.4%
1Y
9.4%
BBAR
AR$9,275.00
Banco BBVA Argentina
7D
5.2%
1Y
22.7%

BBAR: Reduced Political Risk Will Support Virtuous Credit Cycle Into 2027

Analysts have modestly raised their price target on Banco BBVA Argentina, with fair value increasing from ARS 16,396 to ARS 16,805. They cite improved revenue growth expectations and a more supportive post election banking backdrop, despite ongoing concerns around profitability and capital ratios.
SUPV
AR$3,700.00
Grupo Supervielle
7D
6.9%
1Y
0%

SUPV: Election Outcome Will Drive Virtuous Credit Cycle And Margin Recovery Potential

Analysts modestly lowered their price target on Grupo Supervielle to reflect a roughly ARS 1,500 reset in expectations, as they balance improved macro prospects and stronger revenue growth forecasts against a sharp markdown in profit margins after the company’s recent loss. Analyst Commentary Street research on Grupo Supervielle has turned more mixed in recent weeks, reflecting a tug of war between improved macro fundamentals in Argentina and company specific execution risks following the latest quarterly loss.
GGAL
AR$8,270.00
Grupo Financiero Galicia
7D
5.9%
1Y
8.8%

GGAL: Shares Will Rise With Pro Reform Agenda Despite Reduced External Support

Analysts narrowed their price target on Grupo Financiero Galicia to about $11,665 from roughly $11,825, balancing faster expected revenue growth and slightly higher margins against a higher discount rate and a more cautious sector stance following recent rating and target revisions across the Argentine banking space. Analyst Commentary Recent Street research on Grupo Financiero Galicia reflects a mix of optimism about Argentina's improving macro backdrop and caution around the durability of that trend, leading to a more balanced stance on the shares.
BMA
AR$13,870.00
Banco Macro
7D
3.0%
1Y
18.5%

BMA: Higher Capital Strength Will Support Post Election Credit Upside

Analysts have raised their price target on Banco Macro to $111 from ARS 18,000, reflecting higher expected revenue growth, expanding profit margins and the bank's strong capital position relative to other Argentine peers. Analyst Commentary Recent Street research reflects a generally constructive stance on Banco Macro, with several upgrades and positive initiations following Argentina's improved macroeconomic outlook and post election policy visibility.
VALO
AR$544.00
Banco de Valores
7D
7.9%
1Y
26.7%
BPAT
AR$2,935.00
Banco Patagonia
7D
7.1%
1Y
6.5%
A3
AR$3,250.00
A3 Mercados
7D
-0.8%
1Y
18.8%
BYMA
AR$296.50
Bolsas y Mercados Argentinos
7D
0.9%
1Y
24.1%