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Colombian (COLCAP) Market Analysis & Valuation

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies60
  • 7D0.3%
  • 3M8.9%
  • 1Y52.3%
  • YTD12.2%

Over the last 7 days, the market has remained flat, although notably the Energy sector declined by 3.8%. As for the longer term, the market has risen 52% in the past 12 months. As for the next few years, earnings are expected to grow by 11% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Apr 2026Col$564.5tCol$403.6tCol$36.1t8.5x15.6x1.4x
Sat, 07 Mar 2026Col$543.2tCol$405.1tCol$36.2t9.3x15x1.3x
Mon, 02 Feb 2026Col$578.8tCol$415.9tCol$41.5t8.7x14x1.4x
Wed, 31 Dec 2025Col$509.2tCol$416.2tCol$41.7t7.8x12.2x1.2x
Fri, 28 Nov 2025Col$487.9tCol$416.9tCol$39.1t7.8x12.5x1.2x
Sun, 26 Oct 2025Col$462.4tCol$415.6tCol$40.7t8x11.4x1.1x
Tue, 23 Sep 2025Col$417.2tCol$415.3tCol$40.5t8x10.3x1x
Thu, 21 Aug 2025Col$413.4tCol$414.3tCol$40.6t7.4x10.2x1x
Sat, 19 Jul 2025Col$405.9tCol$416.7tCol$40.2t7.4x10.1x1x
Mon, 16 Jun 2025Col$397.9tCol$414.7tCol$39.9t7.4x10x1x
Wed, 14 May 2025Col$392.5tCol$418.5tCol$40.5t7.3x9.7x0.9x
Fri, 11 Apr 2025Col$387.2tCol$418.7tCol$41.1t7.3x9.4x0.9x
Sun, 09 Mar 2025Col$392.7tCol$427.1tCol$40.9t7.5x9.6x0.9x
Tue, 04 Feb 2025Col$368.0tCol$430.1tCol$40.7t7.5x9x0.9x
Thu, 02 Jan 2025Col$332.9tCol$431.7tCol$40.9t7.3x8.1x0.8x
Sat, 30 Nov 2024Col$339.3tCol$431.0tCol$40.7t8x8.3x0.8x
Mon, 28 Oct 2024Col$329.6tCol$426.4tCol$39.8t8.1x8.3x0.8x
Wed, 25 Sep 2024Col$330.5tCol$426.7tCol$40.2t8.1x8.2x0.8x
Fri, 23 Aug 2024Col$328.0tCol$424.5tCol$39.1t8.3x8.4x0.8x
Sun, 21 Jul 2024Col$332.2tCol$427.5tCol$44.3t8.4x7.5x0.8x
Tue, 18 Jun 2024Col$344.4tCol$427.8tCol$44.3t8.5x7.8x0.8x
Thu, 16 May 2024Col$342.6tCol$425.5tCol$39.0t9.2x8.8x0.8x
Sat, 13 Apr 2024Col$341.6tCol$434.9tCol$41.0t8.6x8.3x0.8x
Mon, 11 Mar 2024Col$320.4tCol$434.9tCol$41.6t7.8x7.7x0.7x
Wed, 07 Feb 2024Col$326.7tCol$444.1tCol$43.2t7.8x7.6x0.7x
Fri, 05 Jan 2024Col$322.5tCol$457.0tCol$42.9t7.5x7.5x0.7x
Sun, 03 Dec 2023Col$315.8tCol$457.2tCol$44.1t6.9x7.2x0.7x
Tue, 31 Oct 2023Col$308.9tCol$466.4tCol$50.1t7.6x6.2x0.7x
Thu, 28 Sep 2023Col$299.5tCol$458.5tCol$48.3t7.9x6.2x0.7x
Sat, 26 Aug 2023Col$307.9tCol$457.4tCol$49.2t6.4x6.3x0.7x
Mon, 24 Jul 2023Col$318.2tCol$463.8tCol$58.6t6.1x5.4x0.7x
Wed, 21 Jun 2023Col$320.4tCol$462.7tCol$59.3t6.5x5.4x0.7x
Fri, 19 May 2023Col$317.1tCol$463.8tCol$60.0t6.6x5.3x0.7x
Sun, 16 Apr 2023Col$344.7tCol$450.5tCol$60.6t6.6x5.7x0.8x
Price to Earnings Ratio

5.7x


Total Market Cap: Col$344.7tTotal Earnings: Col$60.6tTotal Revenue: Col$450.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Colombian Market Price to Earnings3Y Average 8.8x202420252026
Current Market PE
  • Investors are optimistic on the Colombian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 15.6x which is higher than its 3-year average PE of 8.8x.
Past Earnings Growth
  • The earnings for companies in the Colombian industry have declined 16% per year over the last three years.
  • Revenues have also declined 3.6% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the Colombian Market?

CO Market0.30%
Financials1.72%
Consumer Discretionary1.60%
Utilities1.39%
Consumer Staples1.28%
Materials0.51%
Telecom0.051%
Real Estate0%0
Healthcare0%0
Industrials-2.16%
Energy-3.75%
Sector PE
  • Investors favour the Materials sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 54.8%, which is higher than its past year's earnings growth of 29.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 55% over the next 5 years.
  • This is better than its past earnings growth rate of 30% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 6.7% 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
NUTRESA Grupo Nutresa S. ACol$306.98k1.0%
+Col$1.3t		151.7%PE103.7xConsumer Staples
GRUPOAVAL Grupo Aval Acciones y ValoresCol$780.004.7%
+Col$831.0b		40.5%PB1xFinancials
ISA Interconexión Eléctrica E.S.PCol$28.92k1.5%
+Col$487.4b		49.2%PE13.2xUtilities
GEB Grupo Energía Bogotá E.S.PCol$3.01k1.5%
+Col$413.2b		4.0%PE8.7xUtilities
BOGOTA Banco de BogotáCol$38.96k2.5%
+Col$341.0b		29.3%PB0.8xFinancials
See more

Market Insights

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Latest News

ECOPETROL
Col$2,560.00
Ecopetrol
7D
-3.0%
1Y
33.3%
GRUPOAVAL
Col$780.00
Grupo Aval Acciones y Valores
7D
4.7%
1Y
40.5%
MINEROS
Col$14,640.00
Mineros
7D
5.8%
1Y
148.1%
BOGOTA
Col$38,960.00
Banco de Bogotá
7D
2.5%
1Y
29.3%
ISA
Col$28,920.00
Interconexión Eléctrica E.S.P
7D
1.5%
1Y
49.2%

ISA: Minor Assumption Tweaks Will Likely Keep Shares Fairly Valued

Analysts maintained the fair value estimate for Interconexión Eléctrica E.S.P. at COP 26,750, with only minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions, resulting in an unchanged price target outlook. Valuation Changes Fair Value: COP 26,750 unchanged, reflecting the same overall valuation outcome as before.
GRUBOLIVAR
Col$83,500.00
Grupo Bolívar
7D
-3.2%
1Y
13.6%
BVC
Col$16,380.00
Bolsa de Valores de Colombia
7D
-6.4%
1Y
9.5%
CIBEST
Col$86,600.00
Grupo Cibest
7D
-0.3%
1Y
85.0%
GRUPOARGOS
Col$15,800.00
Grupo Argos
7D
-4.8%
1Y
-26.5%

GRUPOARGOS: Stable Assumptions And Dividend Visibility Will Support Improved Capital Structure Outlook

Analysts have kept their COP 19,500 price target for Grupo Argos unchanged, noting that only marginal tweaks in assumptions such as the discount rate and future P/E do not materially shift their view on the stock. What's in the News Grupo Argos S.A. declared a quarterly dividend of COP 187.5000 per share, payable on April 14, 2026, with an ex-dividend date of April 8, 2026, and a record date of April 7, 2026 (Key Developments).
CELSIA
Col$5,540.00
CELSIA E.S.P
7D
4.9%
1Y
36.1%

CELSIA: Future Returns Will Depend On Stable Margins And Dividend Visibility

Analysts have kept their fair value estimate for CELSIA E.S.P. steady at COP 5,750, with only marginal adjustments to inputs such as discount rate, revenue growth, profit margin, and future P/E, which together guide this unchanged price target. What's in the News CELSIA S.A. E.S.P. declared a quarterly dividend of COP 88.0000 per share, scheduled to be paid on January 28, 2027, with an ex-dividend date of January 22, 2027, and a record date of January 21, 2027 (Key Developments).
CEMARGOS
Col$11,980.00
Cementos Argos
7D
2.2%
1Y
17.9%

CEMARGOS: Higher Margin Outlook Will Likely Support Re Rated Future P/E

Analysts have nudged their price target for Cementos Argos higher from COP12,820.56 to COP12,953.89, reflecting updated views on revenue growth, profit margins, and a lower expected future P/E multiple. Valuation Changes Fair Value: Updated from COP12,820.56 to COP12,953.89, representing a small upward revision to the implied valuation range.
GEB
Col$3,010.00
Grupo Energía Bogotá E.S.P
7D
1.5%
1Y
4.0%

GEB: Maintained Fair Value And Higher P/E Will Support Further Upside

Analysts have maintained the COP 3,900 price target for Grupo Energía Bogotá E.S.P. They cite updated views on the discount rate, revenue growth, profit margin and future P/E assumptions as the key drivers behind their revised valuation framework. Valuation Changes Fair Value: COP 3,900 remains unchanged, with analysts keeping the same target level in their updated framework.
EXITO
Col$4,265.00
Almacenes Éxito
7D
-0.9%
1Y
136.9%
BHI
Col$403.00
BAC Holding International
7D
-1.0%
1Y
29.2%
NUTRESA
Col$306,980.00
Grupo Nutresa S. A
7D
1.0%
1Y
151.7%
PEI
Col$63,760.00
Patrimonio Autónomo Estrategias Inmobiliarias (3-2-4241)
7D
-1.9%
1Y
-9.3%