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Argentinian (MERVAL) Financials Sector Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies11
  • 7D-8.4%
  • 3M4.0%
  • 1Y11.7%
  • YTD-2.2%

Over the last 7 days, the Financials industry has dropped 8.4%, driven by Grupo Financiero Galicia declining 7.5%. This takes the industry's 12 month performance to a gain of 12%. Earnings are forecast to grow by 31% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026AR$34.6tAR$12.1tAR$1.5t18.6x22.6x2.9x
Wed, 07 Jan 2026AR$36.9tAR$12.2tAR$1.5t18.3x24x3x
Fri, 05 Dec 2025AR$35.1tAR$12.7tAR$1.6t18x22.1x2.8x
Sun, 02 Nov 2025AR$35.9tAR$13.6tAR$2.2t17.1x16.3x2.6x
Tue, 30 Sep 2025AR$18.5tAR$13.6tAR$2.2t10.1x8.4x1.4x
Thu, 28 Aug 2025AR$23.3tAR$14.0tAR$1.9t11x12x1.7x
Sat, 26 Jul 2025AR$26.1tAR$14.4tAR$2.1t12x12.2x1.8x
Mon, 23 Jun 2025AR$25.9tAR$14.4tAR$2.1t11.4x12.1x1.8x
Wed, 21 May 2025AR$31.1tAR$18.9tAR$2.7t13x11.4x1.6x
Fri, 18 Apr 2025AR$29.0tAR$18.7tAR$2.7t12.4x10.7x1.6x
Sun, 16 Mar 2025AR$29.9tAR$18.8tAR$2.7t12.9x11.1x1.6x
Tue, 11 Feb 2025AR$31.3tAR$11.9tAR$1.8t16.7x17.4x2.6x
Thu, 09 Jan 2025AR$35.3tAR$11.3tAR$1.8t18.1x19.4x3.1x
Sat, 07 Dec 2024AR$25.1tAR$11.3tAR$1.8t14.3x13.8x2.2x
Mon, 04 Nov 2024AR$23.0tAR$14.2tAR$1.8t14.1x13x1.6x
Wed, 02 Oct 2024AR$20.3tAR$14.2tAR$1.8t15.7x11.5x1.4x
Fri, 30 Aug 2024AR$18.5tAR$14.6tAR$1.8t13.9x10.1x1.3x
Sun, 28 Jul 2024AR$17.0tAR$12.7tAR$1.8t15.5x9.5x1.3x
Tue, 25 Jun 2024AR$19.6tAR$12.7tAR$1.8t16.7x11x1.5x
Thu, 23 May 2024AR$19.4tAR$10.2tAR$1.3t16.7x14.5x1.9x
Sat, 20 Apr 2024AR$13.1tAR$10.1tAR$1.4t10.5x9.2x1.3x
Mon, 18 Mar 2024AR$11.5tAR$9.5tAR$1.4t10.8x8.4x1.2x
Wed, 14 Feb 2024AR$10.0tAR$3.2tAR$395.4b24.8x25.4x3.1x
Fri, 12 Jan 2024AR$8.1tAR$3.2tAR$376.1b23.1x21.6x2.5x
Sun, 10 Dec 2023AR$7.2tAR$3.7tAR$401.7b18.9x18x1.9x
Tue, 07 Nov 2023AR$4.6tAR$2.6tAR$304.0b14.9x15.1x1.8x
Thu, 05 Oct 2023AR$4.1tAR$2.6tAR$304.0b15.1x13.4x1.6x
Sat, 02 Sep 2023AR$5.3tAR$2.6tAR$301.4b18.2x17.6x2x
Mon, 31 Jul 2023AR$3.9tAR$2.2tAR$195.3b24.8x19.8x1.8x
Wed, 28 Jun 2023AR$3.6tAR$2.2tAR$195.3b22x18.3x1.6x
Fri, 26 May 2023AR$2.5tAR$2.0tAR$172.2b15.3x14.7x1.2x
Sun, 23 Apr 2023AR$2.4tAR$2.0tAR$177.0b13.7x13.4x1.2x
Tue, 21 Mar 2023AR$1.9tAR$1.9tAR$164.1b11.9x11.5x1x
Thu, 16 Feb 2023AR$2.2tAR$1.1tAR$82.2b22.9x27.2x2.1x
Price to Earnings Ratio

27.2x


Total Market Cap: AR$2.2tTotal Earnings: AR$82.2bTotal Revenue: AR$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Financials Sector Price to Earnings3Y Average 15x202420252026
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 22.6x which is higher than its 3-year average PE of 15.0x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 165% per year over the last three years.
  • Revenues for these companies have grown 124% 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-6.75%
Financials-8.37%
Capital Markets-2.05%
Banks-9.09%
Industry PE
  • Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 14.0x.
    • Analysts are expecting annual earnings growth of 32.8%, 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 Banks industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings decline of 68% per year.
  • In contrast, the Capital Markets industry is expected to see its earnings grow by 16% 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
BHIP Banco HipotecarioAR$497.002.7%
+AR$19.5b		-2.7%PB1.4x
A3 A3 MercadosAR$3.34k1.8%
+AR$14.7b		49.4%PE18.6x

Latest News

GGAL
AR$7,470.00
Grupo Financiero Galicia
7D
-7.5%
1Y
-0.4%

GGAL: Argentina Reform Progress Will Drive Upside Through Secular Credit Cycle

Analysts have adjusted their view on Grupo Financiero Galicia with a refreshed price target of US$58. This reflects updated assumptions around discount rates, revenue growth, profit margins and a lower future P/E, while maintaining a balanced stance on Argentina’s longer term growth potential and related risks following the recent share rally.
BMA
AR$13,840.00
Banco Macro
7D
-6.4%
1Y
23.0%

BMA: High Capital Strength And Fintech Partnership Will Support Future Upside

The analyst price target for Banco Macro has increased from US$18,960.00 to US$24,522.06. Analysts cite the bank's high capital ratios, relatively stable net interest margins, lower asset quality risks, and a more balanced sector view following recent share rallies as key reasons for the revision.
SUPV
AR$3,272.50
Grupo Supervielle
7D
-6.2%
1Y
-9.2%

SUPV: Election Outcome And Credit Cycle Will Support Recovery After Big Q3 Loss

Analysts have cut their price target for Grupo Supervielle from about ARS 4,785.50 to ARS 4,011.00, reflecting updated earnings expectations after the company's big Q3 loss and lower 2025 outlook, along with revised assumptions for revenue growth, profit margin, discount rate, and future P/E. Analyst Commentary Recent research reflects a more cautious stance on Grupo Supervielle after the big Q3 loss and lower 2025 outlook, with the latest price target cited at ARS 3,522, down from ARS 5,071.
BBAR
AR$8,970.00
Banco BBVA Argentina
7D
-9.9%
1Y
9.4%

BBAR: Weaker Capital Profile And Loan Exposure Will Temper Credit Repricing Potential

Analysts have trimmed their price target on Banco BBVA Argentina to US$15, citing a comparatively weaker profitability outlook, a lower Tier 1 ratio at 18% and higher loan exposure versus peers as key factors behind the shift. Analyst Commentary Recent research highlights a cautious stance on Banco BBVA Argentina, with the latest initiation at a Sell rating and a US$15 price target reinforcing the view that the shares carry meaningful execution and balance sheet risks relative to peers.
BHIP
AR$497.00
Banco Hipotecario
7D
2.7%
1Y
-2.7%
VALO
AR$588.50
Banco de Valores
7D
-4.7%
1Y
53.1%
BPAT
AR$2,630.00
Banco Patagonia
7D
-4.9%
1Y
7.3%
A3
AR$3,340.00
A3 Mercados
7D
1.8%
1Y
49.4%
BYMA
AR$330.00
Bolsas y Mercados Argentinos
7D
-1.5%
1Y
43.0%