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Chilean (IPSA) Market Analysis & Valuation

UpdatedMay 30, 2026
DataAggregated Company Financials
Companies163
  • 7D1.0%
  • 3M-4.5%
  • 1Y19.8%
  • YTD-1.3%

In the last week, the market has stayed flat, however the Energy sector stood out, gaining 3.2%. More promisingly, the market is up 20% over the past year. As for the next few years, earnings are expected to grow by 4.5% per annum.

Trending IndustriesRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 30 May 2026CL$217.2tCL$222.1tCL$18.4t12x11.8x1x
Mon, 27 Apr 2026CL$224.7tCL$220.1tCL$18.2t11.8x12.4x1x
Wed, 25 Mar 2026CL$214.3tCL$223.2tCL$18.6t11.8x11.5x1x
Fri, 20 Feb 2026CL$228.1tCL$211.9tCL$16.2t12.7x14.1x1.1x
Sun, 18 Jan 2026CL$233.8tCL$214.2tCL$15.9t13.3x14.7x1.1x
Tue, 16 Dec 2025CL$218.5tCL$217.6tCL$16.1t12.3x13.5x1x
Thu, 13 Nov 2025CL$211.1tCL$217.5tCL$16.4t12x12.9x1x
Sat, 11 Oct 2025CL$194.6tCL$221.5tCL$17.2t11x11.3x0.9x
Mon, 08 Sep 2025CL$199.1tCL$221.7tCL$17.8t10.8x11.2x0.9x
Wed, 06 Aug 2025CL$182.3tCL$221.1tCL$17.3t9.9x10.6x0.8x
Fri, 04 Jul 2025CL$184.1tCL$216.3tCL$16.7t10.1x11x0.9x
Sun, 01 Jun 2025CL$182.0tCL$217.6tCL$16.0t10.3x11.4x0.8x
Tue, 29 Apr 2025CL$178.4tCL$216.0tCL$15.5t10.3x11.5x0.8x
Thu, 27 Mar 2025CL$169.9tCL$212.5tCL$14.7t9.9x11.5x0.8x
Sat, 22 Feb 2025CL$167.0tCL$217.0tCL$15.1t10x11.1x0.8x
Mon, 20 Jan 2025CL$157.8tCL$224.5tCL$14.9t9.1x10.6x0.7x
Wed, 18 Dec 2024CL$155.1tCL$221.7tCL$14.4t9.4x10.8x0.7x
Fri, 15 Nov 2024CL$149.6tCL$220.8tCL$14.2t8.5x10.5x0.7x
Sun, 13 Oct 2024CL$150.5tCL$213.3tCL$12.9t9.5x11.6x0.7x
Tue, 10 Sep 2024CL$147.5tCL$213.9tCL$12.9t9.2x11.5x0.7x
Thu, 08 Aug 2024CL$146.0tCL$215.2tCL$12.3t9.2x11.8x0.7x
Sat, 06 Jul 2024CL$152.6tCL$212.7tCL$11.8t9.8x13x0.7x
Mon, 03 Jun 2024CL$153.3tCL$210.6tCL$12.4t9.4x12.4x0.7x
Wed, 01 May 2024CL$151.8tCL$214.4tCL$13.3t8.9x11.5x0.7x
Fri, 29 Mar 2024CL$154.6tCL$219.4tCL$13.7t8.9x11.3x0.7x
Sun, 25 Feb 2024CL$146.4tCL$226.4tCL$16.8t8.4x8.7x0.6x
Tue, 23 Jan 2024CL$142.4tCL$215.6tCL$18.8t8x7.6x0.7x
Thu, 21 Dec 2023CL$141.6tCL$210.5tCL$18.4t8.4x7.7x0.7x
Sat, 18 Nov 2023CL$138.0tCL$11656.9tCL$9786.8t7.9x0.01x0.01x
Mon, 16 Oct 2023CL$131.8tCL$217.1tCL$19.7t7.9x6.7x0.6x
Wed, 13 Sep 2023CL$133.9tCL$209.8tCL$20.1t8.2x6.7x0.6x
Fri, 11 Aug 2023CL$140.8tCL$205.9tCL$21.8t7.8x6.5x0.7x
Sun, 09 Jul 2023CL$133.2tCL$201.5tCL$22.9t7.5x5.8x0.7x
Tue, 06 Jun 2023CL$130.3tCL$200.1tCL$22.8t7.6x5.7x0.7x
Price to Earnings Ratio

5.7x


Total Market Cap: CL$130.3tTotal Earnings: CL$22.8tTotal Revenue: CL$200.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Chilean Market Price to Earnings3Y Average 10.5x202420252026
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 11.8x which is higher than its 3-year average PE of 10.5x.
Past Earnings Growth
  • The earnings for Chilean listed companies have declined 7.0% 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 Market0.97%
Energy3.17%
Utilities1.54%
Financials1.45%
Industrials1.40%
Tech0.98%
Consumer Staples0.84%
Healthcare0.83%
Real Estate0.47%
Materials0.29%
Consumer Discretionary-0.59%
Telecom-2.92%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 16.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 33.9%, 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 34% 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 22% 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
LTM LATAM Airlines GroupCL$24.106.7%
+CL$867.1b		33.9%PE9.3xIndustrials
BCI Banco de Crédito e InversionesCL$60.05k3.1%
+CL$399.0b		64.5%PB1.7xFinancials
ITAUCL Banco Itaú ChileCL$18.00k7.8%
+CL$281.5b		40.6%PB0.9xFinancials
ILC Inversiones La ConstrucciónCL$23.30k11.0%
+CL$230.1b		102.6%PE7.1xFinancials
ENELGXCH Enel Generación ChileCL$539.604.2%
+CL$177.1b		21.1%PE9xUtilities
See more

Market Insights

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Earnings Season vs. AI

Latest News

ENTEL
CL$3,600.00
Empresa Nacional de Telecomunicaciones
7D
-6.2%
1Y
30.3%
ILC
CL$23,300.00
Inversiones La Construcción
7D
11.0%
1Y
102.6%
COPEC
CL$6,323.40
Empresas Copec
7D
-1.2%
1Y
-2.7%
Narrative Update • May 24

COPEC: Lower P/E Assumption Will Support A More Optimistic Long Term Outlook

Analysts have trimmed their fair value estimate for Empresas Copec from CLP 9,883.50 to CLP 9,564.78, citing updated assumptions for revenue growth, profit margins, and future P/E levels. Valuation Changes Fair Value: Trimmed from CLP9,883.50 to CLP9,564.78, a reduction of about 3% in the modelled estimate.
BCI
CL$60,051.00
Banco de Crédito e Inversiones
7D
3.1%
1Y
64.5%
Narrative Update • May 23

BCI: Rich Dividend Will Likely Keep Shares Expensive Going Forward

Analysts have adjusted their fair value estimate for Banco de Crédito e Inversiones to CLP 48,170 from CLP 43,040, citing updated assumptions on revenue growth, profit margins and future P/E, along with a slightly lower discount rate. What's in the News Banco de Crédito e Inversiones announced an annual dividend of CLP 1,500.0000 per share, payable on April 9, 2026, with an ex dividend date of April 2, 2026, and a record date of April 1, 2026 (Key Developments).
ANTARCHILE
CL$8,085.80
AntarChile
7D
-7.9%
1Y
7.1%
CMPC
CL$1,066.00
Empresas CMPC
7D
-2.6%
1Y
-29.4%
LTM
CL$24.10
LATAM Airlines Group
7D
6.7%
1Y
33.9%
Narrative Update • May 17

LTM: Execution On Earnings And Capacity Discipline Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for LATAM Airlines Group to CLP$26.90 from CLP$29.46, reflecting updated assumptions for growth, profitability and future P/E, alongside recent Street research that now views the stock's valuation as more balanced after a strong run. Analyst Commentary Recent Street commentary points to a more balanced view on LATAM Airlines Group, with some bearish analysts flagging that the stock now looks fairly valued after its strong share price performance.
ECL
CL$1,850.00
Engie Energia Chile
7D
6.9%
1Y
48.0%
QUINENCO
CL$3,900.00
Quiñenco
7D
-1.8%
1Y
7.9%
PROVIDA
CL$5,307.70
Administradora de Fondos de Pensiones Provida
7D
-3.2%
1Y
26.2%
ENELGXCH
CL$539.60
Enel Generación Chile
7D
4.2%
1Y
21.1%
Analysis Article • May 12

Enel Generación Chile's (SNSE:ENELGXCH) Shareholders May Want To Dig Deeper Than Statutory Profit

The recent earnings posted by Enel Generación Chile S.A. ( SNSE:ENELGXCH ) were solid, but the stock didn't move as...
ENELCHILE
CL$77.30
Enel Chile
7D
3.0%
1Y
12.7%
Analysis Article • May 08

Investors Shouldn't Be Too Comfortable With Enel Chile's (SNSE:ENELCHILE) Earnings

Enel Chile S.A.'s ( SNSE:ENELCHILE ) robust earnings report didn't manage to move the market for its stock. We did some...
FALABELLA
CL$5,700.00
Falabella
7D
-0.3%
1Y
26.3%
CHILE
CL$167.66
Banco de Chile
7D
-0.8%
1Y
20.4%
Narrative Update • May 02

CHILE: Dividend Policy Will Support Attractive Medium Term Performance

Analysts have kept their CLP 200.0 price target for Banco de Chile unchanged. A higher discount rate and revenue growth outlook are broadly offset by a slightly lower profit margin assumption and a largely stable future P/E.
ITAUCL
CL$18,000.00
Banco Itaú Chile
7D
7.8%
1Y
40.6%
NORTEGRAN
CL$15.38
Norte Grande
7D
5.3%
1Y
207.7%