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Argentinian (MERVAL) Market Analysis & Valuation

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies69
  • 7D-5.5%
  • 3M31.7%
  • 1Y15.9%
  • YTD-2.8%

Over the last 7 days, the market has dropped 5.5%, driven by a decline of 7.0% in the Financials sector. As for the longer term, the market has actually risen by 16% in the last year. Looking forward, earnings are forecast to grow by 45% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Nov 2025AR$104.6tAR$75.6tAR$3.3t15.4x31.8x1.4x
Thu, 23 Oct 2025AR$76.5tAR$73.7tAR$5.3t12.7x14.3x1x
Sat, 20 Sep 2025AR$66.8tAR$73.6tAR$5.3t10.8x12.6x0.9x
Mon, 18 Aug 2025AR$86.8tAR$72.9tAR$5.1t14.9x17.2x1.2x
Wed, 16 Jul 2025AR$81.9tAR$69.2tAR$5.7t14.8x14.4x1.2x
Fri, 13 Jun 2025AR$86.3tAR$68.8tAR$5.9t15.4x14.7x1.3x
Sun, 11 May 2025AR$84.1tAR$68.7tAR$8.0t13.1x10.5x1.2x
Tue, 08 Apr 2025AR$84.1tAR$68.2tAR$8.1t13.4x10.4x1.2x
Thu, 06 Mar 2025AR$89.2tAR$56.4tAR$5.1t20x17.4x1.6x
Sat, 01 Feb 2025AR$103.6tAR$48.2tAR$4.2t24.4x24.4x2.2x
Mon, 30 Dec 2024AR$103.6tAR$47.7tAR$4.3t24.1x24.2x2.2x
Wed, 27 Nov 2024AR$89.8tAR$48.6tAR$4.1t19x21.8x1.8x
Fri, 25 Oct 2024AR$69.0tAR$45.8tAR$3.0t21.7x22.8x1.5x
Sun, 22 Sep 2024AR$72.2tAR$45.0tAR$3.0t20.4x23.9x1.6x
Tue, 20 Aug 2024AR$67.1tAR$41.7tAR$2.8t19.8x24.2x1.6x
Thu, 18 Jul 2024AR$63.6tAR$36.5tAR$2.4t18.4x26.8x1.7x
Sat, 15 Jun 2024AR$66.9tAR$36.3tAR$2.2t18.5x30.4x1.8x
Mon, 13 May 2024AR$58.1tAR$39.2tAR$841.1b16.7x69x1.5x
Wed, 10 Apr 2024AR$52.1tAR$37.4tAR$659.4b23.7x79.1x1.4x
Fri, 08 Mar 2024AR$43.1tAR$29.9tAR$1.2t28.2x36x1.4x
Sun, 04 Feb 2024AR$58.6tAR$13.9tAR$1.7t43.6x34.3x4.2x
Tue, 02 Jan 2024AR$41.4tAR$13.9tAR$1.7t31.5x24.2x3x
Thu, 30 Nov 2023AR$34.4tAR$14.9tAR$1.7t24.6x19.8x2.3x
Sat, 28 Oct 2023AR$28.9tAR$12.5tAR$854.9b22.3x33.8x2.3x
Mon, 25 Sep 2023AR$24.2tAR$12.2tAR$839.2b21.4x28.8x2x
Wed, 23 Aug 2023AR$25.4tAR$11.1tAR$630.0b26.2x40.4x2.3x
Fri, 21 Jul 2023AR$19.6tAR$10.5tAR$550.6b21.8x35.5x1.9x
Sun, 18 Jun 2023AR$17.5tAR$10.4tAR$526.1b19.5x33.3x1.7x
Tue, 16 May 2023AR$13.9tAR$10.1tAR$459.9b17x30.1x1.4x
Thu, 13 Apr 2023AR$11.7tAR$9.7tAR$424.1b14.7x27.6x1.2x
Sat, 11 Mar 2023AR$10.3tAR$7.0tAR$295.6b17x34.9x1.5x
Mon, 06 Feb 2023AR$10.7tAR$6.7tAR$424.1b16.9x25.1x1.6x
Wed, 04 Jan 2023AR$9.0tAR$6.8tAR$429.6b15.5x21.1x1.3x
Fri, 02 Dec 2022AR$7.6tAR$6.8tAR$441.1b12.5x17.2x1.1x
Price to Earnings Ratio

17.2x


Total Market Cap: AR$7.6tTotal Earnings: AR$441.1bTotal Revenue: AR$6.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Market Price to Earnings3Y Average 27.8x202320242025
Current Market PE
  • Investors are optimistic on the Argentinean market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 31.8x which is higher than its 3-year average PE of 27.8x.
Past Earnings Growth
  • The earnings for Argentinean listed companies have grown 95% 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.

Sector Trends

Which sectors have driven the changes within the Argentinian Market?

AR Market-5.52%
Healthcare8.58%
Consumer Discretionary2.74%
Real Estate0.37%
Tech-2.47%
Energy-4.06%
Materials-5.26%
Utilities-5.46%
Telecom-6.53%
Financials-7.00%
Industrials-9.20%
Consumer Staples-10.06%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 10.8x.
    • Analysts are expecting annual earnings decline of 32.1% which is lower than the prior year's growth of 14.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 95% over the next 5 years.
  • In contrast, the Consumer Staples sector is expected to see its earnings decline by 32% 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
TGSU2 Transportadora de Gas del SurAR$8.94k0.4%
+AR$26.3b		37.5%PE19.1xEnergy
RAGH RAGHSA Sociedad AnonimaAR$1.63k1.9%
+AR$12.0b		n/aPS13.5xReal Estate
IRSA IRSA Inversiones y Representaciones Sociedad AnónimaAR$2.25k0.7%
+AR$11.4b		24.0%PE3.5xReal Estate
RICH Laboratorios RichmondC.I.FAR$1.80k5.6%
+AR$7.7b		-2.7%PS1.4xHealthcare
MIRG Mirgor Sociedad Anónima Comercial Industrial Financiera Inmobiliaria y AgropecuariaAR$2.40k1.6%
+AR$6.7b		-11.0%PE12xConsumer Discretionary
See more

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CEPU
AR$2,105.00
Central Puerto
7D
-5.1%
1Y
34.1%
ROSE
AR$271.50
Instituto Rosenbusch
7D
16.3%
1Y
147.9%
BPAT
AR$2,150.00
Banco Patagonia
7D
-11.5%
1Y
-4.2%
BMA
AR$11,160.00
Banco Macro
7D
-5.8%
1Y
24.0%
BBAR
AR$7,030.00
Banco BBVA Argentina
7D
-8.7%
1Y
14.9%

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ALUA
AR$1,010.00
Aluar Aluminio ArgentinoI.C
7D
-6.3%
1Y
4.9%
GGAL
AR$6,985.00
Grupo Financiero Galicia
7D
-8.6%
1Y
12.7%
TECO2
AR$3,427.50
Telecom Argentina
7D
-10.7%
1Y
17.8%
REGE
AR$68.00
García Reguera Sociedad Anónima Comercial Industrial Financiera e Inmobiliaria
7D
15.3%
1Y
n/a
RICH
AR$1,800.00
Laboratorios RichmondC.I.F
7D
5.6%
1Y
-2.7%
YPFD
AR$53,975.00
YPF Sociedad Anónima
7D
-5.1%
1Y
23.5%
IRSA
AR$2,245.00
IRSA Inversiones y Representaciones Sociedad Anónima
7D
0.7%
1Y
24.0%
TGSU2
AR$8,940.00
Transportadora de Gas del Sur
7D
0.4%
1Y
37.5%
VALO
AR$459.75
Banco de Valores
7D
1.3%
1Y
18.2%
RAGH
AR$1,630.00
RAGHSA Sociedad Anonima
7D
1.9%
1Y
n/a
MIRG
AR$2,395.00
Mirgor Sociedad Anónima Comercial Industrial Financiera Inmobiliaria y Agropecuaria
7D
1.6%
1Y
-11.0%