Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Argentinian (MERVAL) Market Analysis & Valuation

UpdatedAug 29, 2025
DataAggregated Company Financials
Companies70
  • 7D-4.9%
  • 3M-12.5%
  • 1Y16.5%
  • YTD-27.6%

Over the last 7 days, the market has dropped 4.9%, driven by pullbacks in every sector, especially the Financials sector. As for the longer term, the market has actually risen by 16% in the last year. As for the next few years, earnings are expected to grow by 36% per annum.

Trending IndustriesOil and Gas

Market Valuation and Performance

Has the Argentinian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 29 Aug 2025AR$78.2tAR$72.4tAR$4.9t12.7x15.9x1.1x
Sun, 27 Jul 2025AR$87.1tAR$69.2tAR$5.7t15.5x15.4x1.3x
Tue, 24 Jun 2025AR$80.7tAR$69.1tAR$6.0t13.2x13.5x1.2x
Thu, 22 May 2025AR$94.1tAR$71.4tAR$6.4t14.4x14.7x1.3x
Sat, 19 Apr 2025AR$86.4tAR$68.5tAR$8.2t13.7x10.6x1.3x
Mon, 17 Mar 2025AR$93.5tAR$72.1tAR$8.5t15.3x11.1x1.3x
Wed, 12 Feb 2025AR$95.9tAR$48.5tAR$4.3t21.4x22.5x2x
Fri, 10 Jan 2025AR$110.1tAR$47.6tAR$4.3t24.4x25.7x2.3x
Sun, 08 Dec 2024AR$90.1tAR$47.6tAR$4.2t21.8x21.3x1.9x
Tue, 05 Nov 2024AR$74.4tAR$45.8tAR$3.0t24.1x24.6x1.6x
Thu, 03 Oct 2024AR$67.2tAR$45.0tAR$3.0t19.6x22.1x1.5x
Sat, 31 Aug 2024AR$66.8tAR$43.2tAR$2.8t19.9x23.7x1.5x
Mon, 29 Jul 2024AR$63.4tAR$36.6tAR$2.4t18.2x26.7x1.7x
Wed, 26 Jun 2024AR$65.2tAR$36.3tAR$2.4t17.6x27.7x1.8x
Fri, 24 May 2024AR$65.2tAR$39.7tAR$1.7t16.7x37.4x1.6x
Sun, 21 Apr 2024AR$49.7tAR$37.6tAR$635.9b16.2x78.1x1.3x
Tue, 19 Mar 2024AR$47.7tAR$35.3tAR$778.1b26.5x61.3x1.4x
Thu, 15 Feb 2024AR$51.2tAR$14.1tAR$1.7t41x29.5x3.6x
Sat, 13 Jan 2024AR$47.1tAR$13.9tAR$1.7t36.2x27.5x3.4x
Mon, 11 Dec 2023AR$42.4tAR$14.9tAR$1.8t25.8x23.9x2.8x
Wed, 08 Nov 2023AR$27.8tAR$12.5tAR$855.0b22.4x32.5x2.2x
Fri, 06 Oct 2023AR$26.9tAR$12.5tAR$843.2b22.7x31.9x2.2x
Sun, 03 Sep 2023AR$27.2tAR$11.8tAR$724.7b26.6x37.5x2.3x
Tue, 01 Aug 2023AR$19.8tAR$10.5tAR$550.6b21x35.9x1.9x
Thu, 29 Jun 2023AR$17.6tAR$10.4tAR$530.1b22.2x33.2x1.7x
Sat, 27 May 2023AR$14.8tAR$10.5tAR$530.1b17x27.9x1.4x
Mon, 24 Apr 2023AR$12.7tAR$9.8tAR$428.5b15.3x29.6x1.3x
Wed, 22 Mar 2023AR$10.0tAR$9.5tAR$390.7b14.4x25.5x1.1x
Fri, 17 Feb 2023AR$11.3tAR$6.8tAR$394.5b17.6x28.7x1.7x
Sun, 15 Jan 2023AR$10.7tAR$6.8tAR$430.5b17x24.9x1.6x
Tue, 13 Dec 2022AR$7.8tAR$6.9tAR$436.0b14x17.9x1.1x
Thu, 10 Nov 2022AR$6.5tAR$6.3tAR$648.3b10.9x10x1x
Sat, 08 Oct 2022AR$6.6tAR$6.2tAR$616.7b11.1x10.7x1.1x
Mon, 05 Sep 2022AR$6.3tAR$6.1tAR$557.1b11.6x11.3x1x
Price to Earnings Ratio

11.3x


Total Market Cap: AR$6.3tTotal Earnings: AR$557.1bTotal Revenue: AR$6.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Market Price to Earnings3Y Average 27.2x202320242025
Current Market PE
  • Investors are pessimistic on the Argentinean market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 15.9x which is lower than its 3-year average PE of 27.2x.
Past Earnings Growth
  • The earnings for Argentinean listed companies have grown 107% per year over the last three years.
  • Revenues for these companies have grown 128% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Argentinian Market?

AR Market-4.86%
Energy-1.48%
Real Estate-1.90%
Materials-2.11%
Consumer Staples-3.75%
Telecom-4.53%
Utilities-5.13%
Industrials-5.54%
Tech-6.94%
Consumer Discretionary-8.49%
Financials-8.96%
Healthcare-12.17%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 4.1x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 89% over the next 5 years.
  • In contrast, the Real Estate sector is expected to see its earnings grow by 7.9% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
CELU Celulosa ArgentinaAR$219.508,457.5%
+AR$2.2t		1,635.2%PS13xMaterials
ALUA Aluar Aluminio ArgentinoI.CAR$697.002.8%
+AR$53.2b		-23.2%PE161.3xMaterials
IRSA IRSA Inversiones y Representaciones Sociedad AnónimaAR$2.00k1.0%
+AR$15.0b		55.3%PE8.4xReal Estate
INTR Compañía Introductora de Buenos AiresAR$358.501.8%
+AR$787.1m		-7.2%PE47.2xConsumer Staples
INAG Insumos AgroquímicosAR$730.002.8%
+AR$440.0m		n/aPE709.1xIndustrials
See more

Market Insights

Header cover image
🌊 The 2025 IPO Wave: Winners, Losers, and What Investors Should Watch
Richard Bowman avatar
Richard Bowman
|
|
The number of IPOs and the capital raised this year are on track to outpace the last three years combined. And the thing is, successful IPOs attract more IPOs. Some will be genuine gems, while others, not so much. That’s why this week, we’re digging into the IPO market, and more importantly, how you can improve your odds of spotting a winner.
Continue reading
📊 Leveraged Upside and Downside With Bitcoin Treasury Companies
Last Week

📊 Leveraged Upside and Downside With Bitcoin Treasury Companies

Latest News

GGAL
AR$5,370.00
Grupo Financiero Galicia
7D
-11.8%
1Y
10.6%

Digital Banking And Financial Inclusion Will Drive Future Opportunities

The slight decrease in Grupo Financiero Galicia's consensus price target reflects a material decline in its forward P/E ratio, partly offset by improved revenue growth forecasts, resulting in a revised fair value of ARS11189. What's in the News Diego Hernán Rivas appointed as CEO, replacing Fabián Enrique Kon, effective September 1, 2025.
BMA
AR$7,930.00
Banco Macro
7D
-8.9%
1Y
10.8%

Bank To Leverage Strong Capital Position For 2025 Initiatives

Despite a substantial increase in projected revenue growth and a lower future P/E, the consensus analyst price target for Banco Macro has been modestly reduced from ARS15,571 to ARS15,210. What's in the News Banco Macro S.A. scheduled a Board Meeting.
SUPV
AR$2,135.00
Grupo Supervielle
7D
-12.5%
1Y
13.6%
PAMP
AR$3,675.00
Pampa Energía
7D
-2.1%
1Y
34.4%
BBAR
AR$5,610.00
Banco BBVA Argentina
7D
-9.7%
1Y
31.4%
TECO2
AR$2,380.00
Telecom Argentina
7D
-3.8%
1Y
33.0%
METR
AR$1,650.00
MetroGAS
7D
-13.8%
1Y
53.5%
CELU
AR$219.50
Celulosa Argentina
7D
8,457.5%
1Y
1,635.2%
BPAT
AR$1,790.00
Banco Patagonia
7D
-11.2%
1Y
-24.6%
ALUA
AR$697.00
Aluar Aluminio ArgentinoI.C
7D
2.8%
1Y
-23.2%
IRSA
AR$1,995.00
IRSA Inversiones y Representaciones Sociedad Anónima
7D
1.0%
1Y
55.3%
POLL
AR$298.50
Polledo Sociedad Anonima Industrial Constructora y Financiera
7D
2.1%
1Y
-40.2%
DOME
AR$62.50
DOMEC Compañía de Artefactos DomésticosI.C.y F
7D
0.8%
1Y
-20.7%
REGE
AR$55.40
García Reguera Sociedad Anónima Comercial Industrial Financiera e Inmobiliaria
7D
0.2%
1Y
n/a
INTR
AR$358.50
Compañía Introductora de Buenos Aires
7D
1.8%
1Y
-7.2%