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Chilean (IPSA) Market Analysis & Valuation

UpdatedJul 25, 2026
DataAggregated Company Financials
Companies163
  • 7D0.7%
  • 3M-1.6%
  • 1Y23.3%
  • YTD1.0%

Over the last 7 days, the market has remained flat, although notably the Information Technology sector gained 4.7% in that time. Meanwhile, the market is actually up 23% over the past year. Looking forward, 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
Sat, 25 Jul 2026CL$216.8tCL$230.6tCL$19.1t11.7x11.4x0.9x
Mon, 22 Jun 2026CL$216.0tCL$224.6tCL$18.6t11.9x11.6x1x
Wed, 20 May 2026CL$211.6tCL$223.7tCL$18.6t11.6x11.4x0.9x
Fri, 17 Apr 2026CL$227.9tCL$219.7tCL$18.0t11.7x12.7x1x
Sun, 15 Mar 2026CL$221.3tCL$222.1tCL$18.6t12.2x11.9x1x
Tue, 10 Feb 2026CL$237.3tCL$210.8tCL$16.0t13.2x14.8x1.1x
Thu, 08 Jan 2026CL$228.4tCL$215.5tCL$16.0t13.4x14.2x1.1x
Sat, 06 Dec 2025CL$217.2tCL$218.0tCL$16.2t12.3x13.4x1x
Mon, 03 Nov 2025CL$202.6tCL$218.8tCL$16.8t11.6x12.1x0.9x
Wed, 01 Oct 2025CL$197.5tCL$221.8tCL$17.2t11x11.5x0.9x
Fri, 29 Aug 2025CL$192.0tCL$222.0tCL$18.0t10.2x10.7x0.9x
Sun, 27 Jul 2025CL$181.3tCL$220.7tCL$17.0t9.9x10.6x0.8x
Tue, 24 Jun 2025CL$180.5tCL$218.6tCL$16.8t10x10.7x0.8x
Thu, 22 May 2025CL$187.1tCL$216.9tCL$15.8t10x11.9x0.9x
Sat, 19 Apr 2025CL$175.4tCL$218.8tCL$15.7t10.1x11.2x0.8x
Mon, 17 Mar 2025CL$168.8tCL$215.0tCL$14.6t10x11.5x0.8x
Wed, 12 Feb 2025CL$166.0tCL$219.4tCL$15.2t9.8x10.9x0.8x
Fri, 10 Jan 2025CL$155.4tCL$224.2tCL$14.8t9x10.5x0.7x
Sun, 08 Dec 2024CL$153.0tCL$220.3tCL$14.3t9.3x10.7x0.7x
Tue, 05 Nov 2024CL$152.2tCL$217.6tCL$13.3t9.3x11.5x0.7x
Thu, 03 Oct 2024CL$149.5tCL$210.5tCL$12.6t9.3x11.9x0.7x
Sat, 31 Aug 2024CL$150.1tCL$211.2tCL$12.6t9.6x11.9x0.7x
Mon, 29 Jul 2024CL$142.9tCL$215.3tCL$12.1t9.3x11.8x0.7x
Wed, 26 Jun 2024CL$152.2tCL$213.3tCL$11.8t9.9x12.9x0.7x
Fri, 24 May 2024CL$154.8tCL$209.7tCL$12.7t9.2x12.2x0.7x
Sun, 21 Apr 2024CL$152.3tCL$216.6tCL$13.0t8.9x11.7x0.7x
Tue, 19 Mar 2024CL$151.9tCL$215.2tCL$13.6t8.8x11.2x0.7x
Thu, 15 Feb 2024CL$145.4tCL$222.5tCL$19.0t8.2x7.7x0.7x
Sat, 13 Jan 2024CL$142.7tCL$215.6tCL$18.8t8x7.6x0.7x
Mon, 11 Dec 2023CL$141.1tCL$210.9tCL$18.5t8.3x7.6x0.7x
Wed, 08 Nov 2023CL$135.4tCL$219.4tCL$22.8t8x5.9x0.6x
Fri, 06 Oct 2023CL$131.5tCL$214.0tCL$19.5t8x6.7x0.6x
Sun, 03 Sep 2023CL$135.7tCL$205.3tCL$19.9t8.2x6.8x0.7x
Tue, 01 Aug 2023CL$142.5tCL$204.7tCL$23.0t7.5x6.2x0.7x
Price to Earnings Ratio

6.2x


Total Market Cap: CL$142.5tTotal Earnings: CL$23.0tTotal Revenue: CL$204.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Chilean Market Price to Earnings3Y Average 10.8x202420252026
Current Market PE
  • Investors are relatively neutral on the Chilean market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 10.8x.
Past Earnings Growth
  • The earnings for Chilean listed companies have declined 6.1% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.1% 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 Market0.67%
Tech4.66%
Financials2.32%
Consumer Discretionary1.82%
Utilities0.75%
Energy0.52%
Telecom0.013%
Consumer Staples-0.51%
Materials-0.55%
Industrials-1.18%
Real Estate-2.37%
Healthcare-2.65%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 17.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 32.3%, which is higher than its past year's earnings growth of 4.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings growth rate of 4.4% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 21% 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
BCI Banco de Crédito e InversionesCL$65.00k4.0%
+CL$546.1b		71.1%PB1.8xFinancials
CHILE Banco de ChileCL$193.102.4%
+CL$464.7b		44.6%PB3.4xFinancials
BSANTANDER Banco Santander-ChileCL$79.323.0%
+CL$437.2b		39.5%PB3xFinancials
FALABELLA FalabellaCL$5.99k2.7%
+CL$388.9b		26.2%PE10.8xConsumer Discretionary
BICE BicecorpCL$406.988.5%
+CL$288.0b		48.5%PE15xFinancials
See more

Market Insights

Header cover image
Healthcare just hit its lowest market weight since 1994. But dig deeper into the sector, and the collapse starts to look like a costume in some ways.
Continue reading
A brand’s strength doesn’t always last

Latest News

FALABELLA
CL$5,990.00
Falabella
7D
2.7%
1Y
26.2%
CENCOSUD
CL$1,958.00
Cencosud
7D
-1.9%
1Y
-33.1%
Narrative Update • Jul 22

CENCOSUD: 2026 Dividend Payout Will Likely Pressure Margins And P/E

The analyst price target for Cencosud has shifted modestly from CLP2,218.27 to CLP2,131.46. This change reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations as analysts refresh their models.
BSANTANDER
CL$79.32
Banco Santander-Chile
7D
3.0%
1Y
39.5%
CHILE
CL$193.10
Banco de Chile
7D
2.4%
1Y
44.6%
Narrative Update • Jul 16

CHILE: Rich Payout And Board Uncertainty Will Pressure Future Shareholder Returns

Analysts have increased their fair value estimate for Banco de Chile stock from CLP110.08 to CLP114.73, reflecting updated assumptions regarding the discount rate, revenue growth, profit margin, and future P/E. What's in the News for Banco de Chile No recent news items, periodical coverage, or key developments were provided for Banco de Chile in the available sources.
LTM
CL$23.88
LATAM Airlines Group
7D
-3.6%
1Y
18.5%
Narrative Update • Jul 16

LTM: Future Returns Will Depend On Margins And Capacity Versus Lower P E Multiple

The analyst price target for LATAM Airlines Group has been raised to CLP28.01 from CLP26.90. Analysts attribute the change to slightly adjusted assumptions on the discount rate, revenue growth, profit margin and a lower future P/E multiple.
BCI
CL$65,000.00
Banco de Crédito e Inversiones
7D
4.0%
1Y
71.1%
Narrative Update • Jul 16

BCI: Rich Dividend And High P/E Will Likely Keep Shares Expensive

Analysts have nudged their price target for Banco de Crédito e Inversiones higher from CLP 48,170 to CLP 51,690, reflecting updated assumptions around the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News for Banco de Crédito e Inversiones No recent company specific news items for Banco de Crédito e Inversiones were identified in the provided sources.
CMPC
CL$1,025.00
Empresas CMPC
7D
-4.2%
1Y
-26.5%
Narrative Update • Jul 15

CMPC: Board Meeting And Margin Outlook Will Shape A Balanced View

The latest Narrative Update on Empresas CMPC reflects a lift in the analyst price target from CLP 1,061.22 to CLP 1,111.23, with analysts pointing to adjusted assumptions for discount rate, revenue growth, profit margin, and future P/E as key drivers of the change. What's in the News Empresas CMPC has scheduled a Board Meeting for May 7, 2026, to consider and approve its Interim Consolidated Financial Statements, according to a company filing.
ITAUCL
CL$21,490.00
Banco Itaú Chile
7D
3.9%
1Y
65.9%
PARAUCO
CL$3,940.00
Parque Arauco
7D
-2.5%
1Y
98.1%
Narrative Update • Jul 10

PARAUCO: Equity Offering And Rich P/E Will Likely Pressure Future Returns

The analyst price target for Parque Arauco has been revised from CLP 2,216 to CLP 3,392, with analysts citing updated assumptions around the discount rate, revenue growth, profit margins, and future P/E expectations as key drivers of the change. What’s in the News for Parque Arauco Parque Arauco S.A. completed a follow-on equity offering totaling CLP 241.13012b, according to company disclosures.
ENELAM
CL$85.49
Enel Américas
7D
1.7%
1Y
-7.5%
Narrative Update • Jul 09

ENELAM: Higher Revenue Outlook Will Support Future Upside Potential

Analysts have raised their CLP price target for Enel Américas from CLP108.45 to CLP115.43, citing updated assumptions for revenue growth, margins and future P/E that adjust their fair value framework for the stock. What’s in the News for Enel Américas Enel Américas S.A. (SNSE:ENELAM) was removed as a constituent from the S&P International 700 index, according to recent key developments.
MALLPLAZA
CL$3,725.00
Plaza
7D
-5.7%
1Y
80.4%
CUPRUM
CL$98.29
Administradora de Fondos de Pensiones Cuprum
7D
-4.4%
1Y
34.6%
CENCOMALLS
CL$2,323.90
Cencosud Shopping
7D
5.2%
1Y
24.4%
BICE
CL$406.98
Bicecorp
7D
8.5%
1Y
48.5%
PROVIDA
CL$4,750.00
Administradora de Fondos de Pensiones Provida
7D
-3.5%
1Y
20.5%
HABITAT
CL$1,178.00
Administradora de Fondos de Pensiones Habitat
7D
-7.0%
1Y
10.2%