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Argentinian (MERVAL) Banks Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies7
  • 7D5.8%
  • 3M90.4%
  • 1Y15.4%
  • YTD6.8%

All of the companies in the Banks industry have been up over the last week, with the industry up 5.8%. In the last 12 months, the industry was up 15%. As for the next few years, earnings are expected to grow by 46% per annum.

Industry Valuation and Performance

Has the Argentinian Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025AR$33.0tAR$11.8tAR$1.3t30.1x26.1x2.8x
Sat, 22 Nov 2025AR$27.6tAR$13.2tAR$2.0t15.4x13.8x2.1x
Mon, 20 Oct 2025AR$18.8tAR$13.2tAR$2.0t10.6x9.4x1.4x
Wed, 17 Sep 2025AR$15.9tAR$13.2tAR$2.0t9.6x8x1.2x
Fri, 15 Aug 2025AR$25.2tAR$14.0tAR$2.0t11.3x12.6x1.8x
Sun, 13 Jul 2025AR$22.2tAR$14.0tAR$2.0t10.6x11x1.6x
Tue, 10 Jun 2025AR$24.7tAR$14.0tAR$2.0t12x12.3x1.8x
Thu, 08 May 2025AR$27.3tAR$18.5tAR$2.7t11.7x10x1.5x
Sat, 05 Apr 2025AR$26.4tAR$16.9tAR$2.4t10.3x10.8x1.6x
Mon, 03 Mar 2025AR$26.0tAR$13.0tAR$1.6t16.7x16.1x2x
Wed, 29 Jan 2025AR$29.1tAR$11.7tAR$1.8t15.4x16x2.5x
Fri, 27 Dec 2024AR$28.1tAR$11.1tAR$1.8t16.5x15.2x2.5x
Sun, 24 Nov 2024AR$22.2tAR$12.1tAR$1.7t12.6x12.7x1.8x
Tue, 22 Oct 2024AR$20.5tAR$14.0tAR$1.8t11.8x11.6x1.5x
Thu, 19 Sep 2024AR$20.2tAR$14.6tAR$1.8t11.7x10.9x1.4x
Sat, 17 Aug 2024AR$17.4tAR$12.6tAR$1.8t12.4x9.9x1.4x
Mon, 15 Jul 2024AR$16.6tAR$12.6tAR$1.8t11.6x9.5x1.3x
Wed, 12 Jun 2024AR$17.6tAR$12.5tAR$1.8t11.9x10x1.4x
Fri, 10 May 2024AR$15.2tAR$10.0tAR$1.3t13.6x11.7x1.5x
Sun, 07 Apr 2024AR$11.6tAR$10.0tAR$1.3t10.9x8.9x1.2x
Tue, 05 Mar 2024AR$9.2tAR$5.5tAR$928.6b16.7x9.9x1.7x
Thu, 01 Feb 2024AR$9.8tAR$3.1tAR$349.8b29.1x28x3.2x
Sat, 30 Dec 2023AR$6.2tAR$3.1tAR$349.8b16.4x17.7x2x
Mon, 27 Nov 2023AR$5.6tAR$3.3tAR$317.1b17.6x17.5x1.7x
Wed, 25 Oct 2023AR$4.1tAR$2.5tAR$282.8b12.6x14.4x1.6x
Fri, 22 Sep 2023AR$3.8tAR$2.6tAR$283.1b12.8x13.5x1.5x
Sun, 20 Aug 2023AR$3.9tAR$2.1tAR$186.5b11.4x21x1.8x
Tue, 18 Jul 2023AR$3.3tAR$2.1tAR$186.5b10.6x17.6x1.5x
Thu, 15 Jun 2023AR$2.7tAR$2.1tAR$186.5b8.7x14.6x1.3x
Sat, 13 May 2023AR$2.1tAR$2.0tAR$171.2b7.4x12x1x
Mon, 10 Apr 2023AR$1.7tAR$2.0tAR$173.5b5.8x9.7x0.9x
Wed, 08 Mar 2023AR$1.8tAR$1.5tAR$129.6b11.1x13.8x1.2x
Fri, 03 Feb 2023AR$1.8tAR$1.0tAR$80.7b17.5x22.2x1.7x
Sun, 01 Jan 2023AR$1.3tAR$1.1tAR$86.9b12.7x14.9x1.2x
Price to Earnings Ratio

14.9x


Total Market Cap: AR$1.3tTotal Earnings: AR$86.9bTotal Revenue: AR$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Banks Industry Price to Earnings3Y Average 13.8x202320242025
Current Industry PE
  • Investors are optimistic on the Argentinean Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 26.1x which is higher than its 3-year average PE of 13.7x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 144% per year over the last three years.
  • Revenues for these companies have grown 122% 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 industry?

AR Market2.19%
Financials5.16%
Banks5.84%
Diversified Banks5.84%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 13.7x.
    • Analysts are expecting annual earnings growth of 46.4%, which is higher than its past year's earnings decline of 67.8% per year.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.7x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 46% over the next 5 years.
  • This is better than its past earnings decline of 68% per year.
  • In contrast, the Diversified 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.
BPAT
AR$2,935.00
Banco Patagonia
7D
7.1%
1Y
6.5%