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Chilean (IPSA) Market Analysis & Valuation

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies168
  • 7D0.4%
  • 3M18.0%
  • 1Y47.1%
  • YTD9.3%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. More promisingly, the market is up 47% over the past year. Earnings are forecast to grow by 3.7% annually.

Trending IndustriesRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026CL$239.4tCL$211.7tCL$16.1t13.2x14.9x1.1x
Sat, 03 Jan 2026CL$221.3tCL$216.6tCL$16.1t13x13.8x1x
Mon, 01 Dec 2025CL$213.0tCL$219.3tCL$16.4t12.2x13x1x
Wed, 29 Oct 2025CL$199.8tCL$218.5tCL$17.0t11.3x11.8x0.9x
Fri, 26 Sep 2025CL$199.8tCL$221.6tCL$17.2t11x11.6x0.9x
Sun, 24 Aug 2025CL$191.5tCL$220.7tCL$17.8t10.1x10.8x0.9x
Tue, 22 Jul 2025CL$181.8tCL$219.6tCL$17.0t10x10.7x0.8x
Thu, 19 Jun 2025CL$182.2tCL$217.9tCL$16.8t10.1x10.8x0.8x
Sat, 17 May 2025CL$187.4tCL$216.9tCL$15.8t10x11.9x0.9x
Mon, 14 Apr 2025CL$169.0tCL$219.4tCL$15.6t10x10.8x0.8x
Wed, 12 Mar 2025CL$166.5tCL$215.5tCL$14.6t10.2x11.4x0.8x
Fri, 07 Feb 2025CL$165.9tCL$219.7tCL$15.2t9.8x10.9x0.8x
Sun, 05 Jan 2025CL$154.1tCL$225.1tCL$14.8t9x10.4x0.7x
Tue, 03 Dec 2024CL$152.3tCL$220.4tCL$14.4t9.4x10.6x0.7x
Thu, 31 Oct 2024CL$152.6tCL$218.1tCL$13.1t9.6x11.6x0.7x
Sat, 28 Sep 2024CL$150.5tCL$209.9tCL$12.6t9.4x12x0.7x
Mon, 26 Aug 2024CL$150.4tCL$210.3tCL$12.5t9.3x12x0.7x
Wed, 24 Jul 2024CL$153.5tCL$214.0tCL$11.8t9.7x13x0.7x
Fri, 21 Jun 2024CL$153.6tCL$212.3tCL$11.8t9.8x13x0.7x
Sun, 19 May 2024CL$154.7tCL$207.7tCL$12.7t9.1x12.2x0.7x
Tue, 16 Apr 2024CL$153.5tCL$219.5tCL$13.1t8.9x11.7x0.7x
Thu, 14 Mar 2024CL$152.6tCL$216.9tCL$14.8t8.9x10.3x0.7x
Sat, 10 Feb 2024CL$144.4tCL$222.4tCL$19.2t8.2x7.5x0.6x
Mon, 08 Jan 2024CL$142.5tCL$213.1tCL$18.6t8.1x7.6x0.7x
Wed, 06 Dec 2023CL$140.6tCL$211.8tCL$18.5t8.3x7.6x0.7x
Fri, 03 Nov 2023CL$131.9tCL$220.1tCL$22.8t8x5.8x0.6x
Sun, 01 Oct 2023CL$133.1tCL$210.9tCL$19.3t8.2x6.9x0.6x
Tue, 29 Aug 2023CL$136.9tCL$206.0tCL$19.9t7.9x6.9x0.7x
Thu, 27 Jul 2023CL$142.0tCL$203.3tCL$22.8t7.7x6.2x0.7x
Sat, 24 Jun 2023CL$130.5tCL$201.3tCL$22.9t7.8x5.7x0.6x
Mon, 22 May 2023CL$132.1tCL$197.9tCL$24.1t7.3x5.5x0.7x
Wed, 19 Apr 2023CL$129.1tCL$195.6tCL$24.9t7.1x5.2x0.7x
Fri, 17 Mar 2023CL$125.3tCL$198.5tCL$25.8t6.1x4.9x0.6x
Sun, 12 Feb 2023CL$126.4tCL$193.0tCL$23.7t6.4x5.3x0.7x
Price to Earnings Ratio

5.3x


Total Market Cap: CL$126.4tTotal Earnings: CL$23.7tTotal Revenue: CL$193.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Chilean Market Price to Earnings3Y Average 9.8x202420252026
Current Market PE
  • Investors are optimistic on the Chilean market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 15.2x which is higher than its 3-year average PE of 9.8x.
Past Earnings Growth
  • The earnings for Chilean listed companies have declined 12% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.0% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Chilean Market?

CL Market0.43%
Energy2.35%
Consumer Staples1.41%
Telecom1.13%
Industrials1.07%
Financials1.04%
Materials0.54%
Tech0.43%
Real Estate0.37%
Healthcare0.15%
Consumer Discretionary-0.10%
Utilities-2.00%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 14.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 42.0% which is higher than its past year's earnings decline of 2.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings decline of 27% per year.
  • In contrast, the Industrials sector is expected to see its earnings decline by 24% 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
FALABELLA FalabellaCL$6.80k2.2%
+CL$368.8b		82.0%PE18.2xConsumer Discretionary
BCI Banco de Crédito e InversionesCL$65.30k2.0%
+CL$284.0b		109.3%PB1.9xFinancials
CENCOSUD CencosudCL$3.12k3.0%
+CL$247.9b		23.8%PE43.8xConsumer Staples
ITAUCL Banco Itaú ChileCL$25.00k4.3%
+CL$220.7b		121.3%PB1.3xFinancials
CHILE Banco de ChileCL$198.000.9%
+CL$171.7b		61.0%PB3.4xFinancials
See more

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Latest News

LTM
CL$27.85
LATAM Airlines Group
7D
-3.1%
1Y
85.7%
ITAUCL
CL$24,999.00
Banco Itaú Chile
7D
4.3%
1Y
121.3%
NTGCLGAS
CL$664.49
Naturgy Chile Gas Natural
7D
5.5%
1Y
52.0%
CCU
CL$6,225.00
Compañía Cervecerías Unidas
7D
-5.1%
1Y
3.2%

CCU: Interim Dividend Will Support Attractive Upside Despite Leadership Transition

Analysts have kept their price target for Compañía Cervecerías Unidas steady at CLP$7,300, reflecting only fine tuning to revenue growth, profit margin and future P/E assumptions rather than a shift in their overall view. What's in the News A board meeting is scheduled for January 21, 2026, to consider the resignation of Francisco Pérez Mackenna as Chairman and Director, effective January 31, 2026, and to address other business matters (Key Developments).
ENTEL
CL$4,700.00
Empresa Nacional de Telecomunicaciones
7D
-7.3%
1Y
51.7%

Empresa Nacional de Telecomunicaciones S.A. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Feb 01
Empresa Nacional de Telecomunicaciones S.A. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
CMPC
CL$1,311.00
Empresas CMPC
7D
2.5%
1Y
-19.8%
ECL
CL$1,495.00
Engie Energia Chile
7D
-6.6%
1Y
49.6%
CHILE
CL$198.00
Banco de Chile
7D
0.9%
1Y
61.0%
COPEC
CL$7,220.00
Empresas Copec
7D
-5.5%
1Y
7.2%
BCI
CL$65,300.00
Banco de Crédito e Inversiones
7D
2.0%
1Y
109.3%

BCI: Florida Operations Update Will Support Steady Long Term Share Appeal

Analysts have kept their price target for Banco de Crédito e Inversiones steady at CLP 70,000.0, citing only small adjustments to discount rate, revenue growth, profit margin and future P/E assumptions, rather than any major shift in their view of the bank. What's in the News Banco de Crédito e Inversiones and its subsidiary City National Bank of Florida held an Analyst/Investor Day, giving the market an updated look at the business and management priorities (Key Developments).
CENCOSUD
CL$3,120.00
Cencosud
7D
3.0%
1Y
23.8%

CENCOSUD: Expansion Plans And Softer Assumptions Will Shape Balanced 2026 Outlook

Narrative Update on Cencosud Analysts have made a small adjustment to their fair value estimate for Cencosud, with the target shifting from about $3,192.73 to about $3,185.83, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Cencosud issued consolidated earnings guidance for full year 2026, indicating expected revenues of US$18.413b for the period (company guidance).
MALLPLAZA
CL$3,889.90
Plaza
7D
1.3%
1Y
110.3%

MALLPLAZA: Elevated P/E Will Continue To Restrain Future Share Upside

Analysts have lifted their price target for Plaza to about $2,963 from roughly $2,877, citing slightly lower discount rate assumptions, a small uptick in expected revenue growth and profit margin, and a modestly lower future P/E multiple in their updated models. Valuation Changes Fair Value: The updated analyst fair value estimate increased from CLP$2,876.56 to CLP$2,963.22, representing a small upward adjustment in the valuation model.
BSANTANDER
CL$77.50
Banco Santander-Chile
7D
-2.5%
1Y
49.6%

BSANTANDER: Future Returns Will Balance Neutral Stance And Inflation-Driven Margin Pressure

Narrative Update The analyst price target for Banco Santander Chile has been raised to US$71.30 from US$68.59, with analysts pointing to updated assumptions around revenue growth, profit margins, discount rate and future P/E, even as recent research highlights valuation concerns and potential pressure on net interest income from inflation. Analyst Commentary Recent Street research on Banco Santander-Chile reflects a split view, with some higher price targets pointing to potential upside and several downgrades flagging valuation and earnings risks.
ENELAM
CL$83.00
Enel Américas
7D
-2.6%
1Y
-5.4%

ENELAM: Share Repurchase Plan Will Support Future Shareholder Upside

Analysts have trimmed their price target on Enel Américas slightly, to about $108.42 from around $108.59, citing updated assumptions that combine a small change in expected revenue growth with more conservative profit margin and future P/E inputs. What's in the News The Board of Directors authorized a share buyback plan scheduled for the third quarter of 2025, indicating an intention to return cash to shareholders under a defined program (Key Developments).
FALABELLA
CL$6,799.00
Falabella
7D
2.2%
1Y
82.0%

FALABELLA: Future Returns Will Likely Disappoint As Rich Multiple Persists

Analysts have kept their fair value estimate for Falabella unchanged at $5,768, citing only minor adjustments to discount rate, revenue growth, profit margin, and future P/E assumptions that were not material enough to shift the overall price target. Valuation Changes Fair Value: Kept unchanged at CLP $5,768, indicating no revision to the core valuation outcome.
CUPRUM
CL$154.96
Administradora de Fondos de Pensiones Cuprum
7D
-5.7%
1Y
158.1%

What You Can Learn From Administradora de Fondos de Pensiones Cuprum S.A.'s (SNSE:CUPRUM) P/E

Jan 18
What You Can Learn From Administradora de Fondos de Pensiones Cuprum S.A.'s (SNSE:CUPRUM) P/E