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Chilean (IPSA) Market Analysis & Valuation

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies168
  • 7D4.1%
  • 3M18.6%
  • 1Y48.1%
  • YTD4.1%

Over the last 7 days, the market has risen 4.1%, driven by gains of 3.8% in the Financials sector. As for the past 12 months, the market is up 48%. Earnings are forecast to grow by 4.1% annually.

Trending IndustriesRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026CL$230.3tCL$215.2tCL$16.0t13.3x14.4x1.1x
Tue, 09 Dec 2025CL$217.2tCL$218.1tCL$16.2t12.3x13.4x1x
Thu, 06 Nov 2025CL$203.2tCL$218.9tCL$16.9t11.6x12.1x0.9x
Sat, 04 Oct 2025CL$195.9tCL$222.3tCL$17.3t11x11.4x0.9x
Mon, 01 Sep 2025CL$193.1tCL$221.7tCL$17.9t10.4x10.8x0.9x
Wed, 30 Jul 2025CL$179.4tCL$221.7tCL$17.2t10x10.4x0.8x
Fri, 27 Jun 2025CL$182.2tCL$216.6tCL$16.7t10.1x10.9x0.8x
Sun, 25 May 2025CL$187.6tCL$216.8tCL$15.6t10.4x12x0.9x
Tue, 22 Apr 2025CL$175.4tCL$218.3tCL$15.6t10.1x11.2x0.8x
Thu, 20 Mar 2025CL$169.7tCL$212.0tCL$14.5t10.3x11.7x0.8x
Sat, 15 Feb 2025CL$167.6tCL$216.9tCL$15.1t10x11.1x0.8x
Mon, 13 Jan 2025CL$155.4tCL$224.5tCL$14.8t9x10.5x0.7x
Wed, 11 Dec 2024CL$153.1tCL$220.3tCL$14.3t9.4x10.7x0.7x
Fri, 08 Nov 2024CL$151.7tCL$217.4tCL$13.4t8.9x11.3x0.7x
Sun, 06 Oct 2024CL$148.8tCL$212.9tCL$12.7t9.3x11.7x0.7x
Tue, 03 Sep 2024CL$150.4tCL$211.7tCL$12.6t9.4x11.9x0.7x
Thu, 01 Aug 2024CL$150.3tCL$214.6tCL$12.1t9.4x12.4x0.7x
Sat, 29 Jun 2024CL$151.8tCL$213.2tCL$11.8t10x12.9x0.7x
Mon, 27 May 2024CL$152.6tCL$206.3tCL$12.6t9.1x12.1x0.7x
Wed, 24 Apr 2024CL$151.4tCL$216.7tCL$13.0t8.9x11.6x0.7x
Fri, 22 Mar 2024CL$151.9tCL$218.4tCL$13.8t8.7x11x0.7x
Sun, 18 Feb 2024CL$149.1tCL$224.7tCL$19.2t8.3x7.8x0.7x
Tue, 16 Jan 2024CL$142.9tCL$215.8tCL$18.8t8x7.6x0.7x
Thu, 14 Dec 2023CL$141.5tCL$211.2tCL$18.5t8.5x7.6x0.7x
Sat, 11 Nov 2023CL$135.9tCL$221.3tCL$22.7t7.7x6x0.6x
Mon, 09 Oct 2023CL$130.6tCL$214.7tCL$19.5t8x6.7x0.6x
Wed, 06 Sep 2023CL$135.5tCL$207.3tCL$20.0t8.3x6.8x0.7x
Fri, 04 Aug 2023CL$140.6tCL$206.6tCL$23.1t7.3x6.1x0.7x
Sun, 02 Jul 2023CL$131.9tCL$200.8tCL$22.8t7.6x5.8x0.7x
Tue, 30 May 2023CL$129.2tCL$199.9tCL$23.3t7.4x5.5x0.6x
Thu, 27 Apr 2023CL$128.7tCL$196.8tCL$25.0t7.1x5.2x0.7x
Sat, 25 Mar 2023CL$124.6tCL$197.6tCL$25.2t6.5x4.9x0.6x
Mon, 20 Feb 2023CL$126.3tCL$191.8tCL$23.5t6.6x5.4x0.7x
Wed, 18 Jan 2023CL$123.1tCL$194.4tCL$23.9t6.3x5.2x0.6x
Price to Earnings Ratio

5.2x


Total Market Cap: CL$123.1tTotal Earnings: CL$23.9tTotal Revenue: CL$194.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Chilean Market Price to Earnings3Y Average 9.5x202420252026
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 14.4x which is higher than its 3-year average PE of 9.5x.
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 3.5% 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 Market4.09%
Materials5.84%
Real Estate5.71%
Consumer Staples5.43%
Industrials4.44%
Consumer Discretionary3.87%
Financials3.84%
Utilities3.00%
Tech0.27%
Energy0.0084%
Telecom-1.14%
Healthcare-3.46%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 18.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 34.2% which is higher than its past year's earnings decline of 48.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings decline of 2.1% per year.
  • In contrast, the Industrials sector is expected to see its earnings decline by 26% 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
CHILE Banco de ChileCL$179.813.8%
+CL$672.8b		57.3%PB3.2xFinancials
FALABELLA FalabellaCL$6.32k4.4%
+CL$662.3b		78.9%PE16.9xConsumer Discretionary
BCI Banco de Crédito e InversionesCL$61.89k4.9%
+CL$631.1b		121.8%PB1.8xFinancials
CENCOSUD CencosudCL$3.13k6.8%
+CL$548.0b		40.9%PE43.9xConsumer Staples
LTM LATAM Airlines GroupCL$25.553.7%
+CL$535.3b		88.7%PE13.6xIndustrials
See more

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Latest News

BSANTANDER
CL$73.20
Banco Santander-Chile
7D
3.2%
1Y
57.4%
MALLPLAZA
CL$3,395.00
Plaza
7D
6.1%
1Y
109.6%

MALLPLAZA: Rich P E And Fair Value Will Limit Future Upside

Analysts have modestly adjusted their price target for Plaza to $2,876.56, citing small tweaks to the discount rate, revenue growth, profit margin, and expected future P/E as key drivers of the change. Valuation Changes Fair Value: The fair value estimate remains unchanged at CLP 2,876.56.
CHILE
CL$179.81
Banco de Chile
7D
3.8%
1Y
57.3%

CHILE: Bylaw Revisions And Board Changes Will Limit Future Upside Potential

Analysts have lifted their fair value estimate for Banco de Chile from US$147.46 to US$157.31 as they factor in slightly different assumptions for the discount rate, revenue growth, profit margin and future P/E, which together support a higher overall price target. What's in the News An Extraordinary Shareholders Meeting on November 10, 2025 approved multiple amendments to Banco de Chile's bylaws, including changes to board size, quorum rules, meeting procedures, and references to regulators (Key Developments).
PUCOBRE
CL$16,283.00
Sociedad Punta del Cobre
7D
23.5%
1Y
245.3%
FALABELLA
CL$6,315.00
Falabella
7D
4.4%
1Y
78.9%

FALABELLA: Future Returns Will Reflect Slightly Lower Risk And Stable Margins

Analysts have raised their price target on Falabella to CLP 5,768 from CLP 5,578, citing small adjustments to fair value, the discount rate, revenue growth assumptions, profit margins and a slightly higher future P/E multiple as the main factors behind the recalculation. Valuation Changes Fair Value: Adjusted from CLP 5,578.0 to CLP 5,768.0, reflecting a small upward recalibration in the target level.
CENCOSUD
CL$3,129.00
Cencosud
7D
6.8%
1Y
40.9%
LTM
CL$25.55
LATAM Airlines Group
7D
3.7%
1Y
88.7%

LTM: Earnings Momentum And Dividend Will Drive Further Upside

Analysts have raised their price target on LATAM Airlines Group to $60 from $55, citing stronger than expected quarterly performance and a modest improvement in long-term profitability assumptions, despite slightly lower projected revenue growth. Analyst Commentary While the latest price target increase underscores growing confidence in LATAM Airlines Group's earnings trajectory, not all market commentary is uniformly optimistic.
BCI
CL$61,887.00
Banco de Crédito e Inversiones
7D
4.9%
1Y
121.8%

BCI: Future Profit Margin Expansion May Not Justify Current Share Price

Analysts have raised their price target on Banco de Crédito e Inversiones by approximately CLP 1,040, citing expectations for slightly faster revenue growth, improved profit margins, and a modestly lower future price-to-earnings multiple despite a higher assumed discount rate. What's in the News Banco de Crédito e Inversiones is hosting an Analyst and Investor Day focused on City National Bank of Florida, providing management updates and strategic insights for shareholders (Key Developments).
CUPRUM
CL$167.65
Administradora de Fondos de Pensiones Cuprum
7D
-2.6%
1Y
235.3%
ENTEL
CL$4,799.90
Empresa Nacional de Telecomunicaciones
7D
-2.0%
1Y
64.3%

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ABC
CL$11.90
abc
7D
-4.2%
1Y
25.9%

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Dec 10
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INDISA
CL$2,853.60
Instituto de Diagnóstico
7D
-0.4%
1Y
72.7%
LAS CONDES
CL$14,544.00
Clínica Las Condes
7D
-9.1%
1Y
13.9%
FROWARD
CL$474.82
Portuaria Cabo Froward
7D
-5.0%
1Y
15.1%
SMSAAM
CL$138.79
Sociedad Matriz SAAM
7D
-2.9%
1Y
31.3%
NORTEGRAN
CL$11.40
Norte Grande
7D
-0.09%
1Y
94.9%