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Mexican (IPC) Market Analysis & Valuation

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies120
  • 7D2.8%
  • 3M4.6%
  • 1Y17.4%
  • YTD7.5%

The market has climbed 2.8% in the last 7 days, lead by the Communication Services sector with a gain of 9.1%. On the other hand, with a decline of 4.4%, the Energy sector is lagging behind. The market is up 17% over the last 12 months. Earnings are forecast to grow by 8.8% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Jun 2026Mex$10.4tMex$7.6tMex$699.6b12.4x14.9x1.4x
Mon, 11 May 2026Mex$10.8tMex$7.6tMex$707.8b12.3x15.2x1.4x
Wed, 08 Apr 2026Mex$10.7tMex$7.7tMex$680.9b13.8x15.6x1.4x
Fri, 06 Mar 2026Mex$10.8tMex$7.7tMex$668.9b13.5x16.2x1.4x
Sun, 01 Feb 2026Mex$10.3tMex$7.8tMex$662.2b13.5x15.6x1.3x
Tue, 30 Dec 2025Mex$10.2tMex$7.7tMex$662.9b13.5x15.4x1.3x
Thu, 27 Nov 2025Mex$10.2tMex$8.0tMex$660.0b12.5x15.4x1.3x
Sat, 25 Oct 2025Mex$9.9tMex$7.9tMex$640.5b12.2x15.5x1.2x
Mon, 22 Sep 2025Mex$9.7tMex$7.9tMex$614.3b12.1x15.8x1.2x
Wed, 20 Aug 2025Mex$9.4tMex$7.8tMex$618.2b12x15.1x1.2x
Fri, 18 Jul 2025Mex$9.1tMex$7.6tMex$602.5b12.5x15.1x1.2x
Sun, 15 Jun 2025Mex$9.2tMex$7.6tMex$591.5b12x15.5x1.2x
Tue, 13 May 2025Mex$9.1tMex$7.6tMex$593.5b11.6x15.4x1.2x
Thu, 10 Apr 2025Mex$8.5tMex$7.6tMex$607.2b10.7x14x1.1x
Sat, 08 Mar 2025Mex$8.7tMex$7.6tMex$598.5b10.6x14.5x1.1x
Mon, 03 Feb 2025Mex$8.6tMex$7.6tMex$615.4b11.6x14x1.1x
Wed, 01 Jan 2025Mex$8.4tMex$7.6tMex$614.6b11.6x13.7x1.1x
Fri, 29 Nov 2024Mex$8.4tMex$7.4tMex$602.7b11.8x13.9x1.1x
Sun, 27 Oct 2024Mex$8.8tMex$7.4tMex$601.8b11.8x14.6x1.2x
Tue, 24 Sep 2024Mex$9.0tMex$7.4tMex$588.6b11.8x15.3x1.2x
Thu, 22 Aug 2024Mex$9.2tMex$7.4tMex$589.0b11.7x15.6x1.3x
Sat, 20 Jul 2024Mex$9.1tMex$7.1tMex$557.1b13.6x16.3x1.3x
Mon, 17 Jun 2024Mex$8.8tMex$7.1tMex$576.8b12.5x15.3x1.2x
Wed, 15 May 2024Mex$9.7tMex$7.0tMex$569.3b13.9x17x1.4x
Fri, 12 Apr 2024Mex$9.4tMex$7.1tMex$577.8b13.4x16.3x1.3x
Sun, 10 Mar 2024Mex$9.4tMex$7.1tMex$585.4b13x16.1x1.3x
Tue, 06 Feb 2024Mex$9.8tMex$7.4tMex$632.2b13.8x15.5x1.3x
Thu, 04 Jan 2024Mex$9.7tMex$7.4tMex$656.6b13.1x14.8x1.3x
Sat, 02 Dec 2023Mex$9.3tMex$7.4tMex$657.5b12.4x14.2x1.3x
Mon, 30 Oct 2023Mex$8.7tMex$7.5tMex$656.7b12.1x13.3x1.2x
Wed, 27 Sep 2023Mex$9.0tMex$7.5tMex$661.5b12.9x13.6x1.2x
Fri, 25 Aug 2023Mex$9.3tMex$7.4tMex$653.8b12.8x14.2x1.2x
Sun, 23 Jul 2023Mex$9.2tMex$7.3tMex$651.7b12.6x14.2x1.3x
Tue, 20 Jun 2023Mex$9.4tMex$7.3tMex$638.2b13.3x14.7x1.3x
Price to Earnings Ratio

14.7x


Total Market Cap: Mex$9.4tTotal Earnings: Mex$638.2bTotal Revenue: Mex$7.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 15.1x202420252026
Current Market PE
  • Investors are relatively neutral on the Mexican 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 15.1x.
Past Earnings Growth
  • The earnings for Mexican listed companies have grown 3.1% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the Mexican Market?

MX Market2.85%
Telecom9.06%
Industrials3.33%
Materials2.18%
Financials1.98%
Consumer Staples1.62%
Real Estate0.81%
Utilities0.50%
Healthcare-0.33%
Consumer Discretionary-0.44%
Energy-4.41%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading close to its 3-year average PE ratio of 19.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 10.4% which is higher than its past year's earnings decline of 13.5% per year.
  • The Utilities sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 18% over the next 5 years.
  • However this is lower than its past earnings growth rate of 29% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 44% 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
AMX B América Móvil. deMex$23.8810.2%
+Mex$132.8b		45.5%PE16.4xTelecom
GMEXICO B Grupo México. deMex$209.693.0%
+Mex$47.3b		98.3%PE16.7xMaterials
GFNORTE O Grupo Financiero Banorte. deMex$188.656.3%
+Mex$31.1b		8.7%PB2xFinancials
FEMSA UBD Fomento Económico Mexicano. deMex$222.643.6%
+Mex$26.7b		11.1%PE25.8xConsumer Staples
GCARSO A1 Grupo Carso. deMex$138.506.7%
+Mex$19.6b		7.9%PE41.1xIndustrials
See more

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Latest News

BIMBO A
Mex$58.15
Grupo Bimbo. de
7D
4.1%
1Y
12.2%
CEMEX CPO
Mex$22.37
CEMEX. de
7D
2.8%
1Y
74.0%
VISTA A
Mex$1,243.00
Vista Energy. de
7D
-5.2%
1Y
24.4%
GENTERA *
Mex$36.86
Gentera. de
7D
-10.1%
1Y
-7.4%
PE&OLES *
Mex$831.05
Industrias Peñoles. de
7D
-1.4%
1Y
57.1%
GMEXICO B
Mex$209.69
Grupo México. de
7D
3.0%
1Y
98.3%
GFNORTE O
Mex$188.65
Grupo Financiero Banorte. de
7D
6.3%
1Y
8.7%
GCARSO A1
Mex$138.50
Grupo Carso. de
7D
6.7%
1Y
7.9%
Narrative Update • Jun 06

GCARSO A1: Higher Discount Rate Will Sustain Overvaluation Risk Ahead

Analysts have adjusted their fair value price target for Grupo Carso to MX$115. This reflects updated assumptions around the stock's discount rate, revenue growth, profit margin, and future P/E outlook.
AMX B
Mex$23.88
América Móvil. de
7D
10.2%
1Y
45.5%
Narrative Update • Jun 06

AMX B: Future Returns Will Depend On Dividend Policy And Share Repurchases

Analysts have slightly reduced their MX$ fair value estimate for América Móvil to MX$24.34, citing updated assumptions for revenue growth, profit margin, and future P/E that result in a modest adjustment to price target expectations. What's in the News América Móvil, S.A.B. de C.V. plans to hold an Analyst/Investor Day, giving management an opportunity to update the market on business priorities and capital allocation plans.
CHDRAUI B
Mex$90.79
Grupo Comercial Chedraui. de
7D
-1.8%
1Y
-37.4%
Narrative Update • Jun 05

CHDRAUI B: Dividend Visibility Will Support Returns Despite More Cautious Forward P/E

Analysts have trimmed their fair value estimate for Grupo Comercial Chedraui from MX$110.50 to MX$109.00, bringing it in line with recent target cuts such as the move to MX$125 from MX$140, while factoring in updated assumptions on discount rate, revenue growth, profit margins, and future P/E. What's in the News Grupo Comercial Chedraui, S.A.B. de C.V. announced an annual dividend of MX$1.0170 per share.
AC *
Mex$209.61
Arca Continental. de
7D
-2.8%
1Y
4.6%
Narrative Update • Jun 05

AC *: Fair Value View Will Balance Upgrades With A New Neutral Shift

Narrative Update The updated analyst price target for Arca Continental edges up by about MX$2, with analysts citing recent target increases from some firms and a more constructive stance from others, partly offset by at least one downgrade to Neutral with a lower MX$217 target. Analyst Commentary Recent research updates on Arca Continental show a mix of more optimistic and more cautious views, with shifts in price targets and one rating change to Neutral.
HERDEZ *
Mex$53.67
Grupo Herdez. de
7D
-6.1%
1Y
-1.6%
Narrative Update • Jun 05

HERDEZ *: Maintained Fair Value And Refined Assumptions Will Support Bullish Outlook

Analysts now keep their MX$85.0 price target for Grupo Herdez, with only slight shifts in revenue growth, profit margin, and forward P/E assumptions guiding this unchanged view. What's in the News No recent company specific news for Grupo Herdez is available from the provided sources.
WALMEX *
Mex$52.08
Wal-Mart de México. de
7D
1.9%
1Y
-17.2%
Narrative Update • Jun 04

WALMEX *: Softer Assumptions Will Still Support Attractive Forward P/E Upside

Analysts have trimmed their MX$ fair value estimate for Wal-Mart de México by about MX$0.50 per share to roughly MX$64.82, citing slightly softer assumptions for revenue growth, profit margins and future P/E multiples following a more cautious stance in recent research. What's in the News Recent analyst research has adopted a more cautious stance on Wal-Mart de México, with softer assumptions for revenue, margins and future P/E.
FEMSA UBD
Mex$222.64
Fomento Económico Mexicano. de
7D
3.6%
1Y
11.1%
Narrative Update • Jun 02

FEMSA UBD: Dividend And Buyback Actions Will Support Future Upside

Analysts have modestly lifted their price target on Fomento Económico Mexicano, de to MX$287.25 from MX$286.68, reflecting updated assumptions that include a slightly higher discount rate, adjusted revenue growth and profit margin expectations, and a higher future P/E multiple. What's in the News Shareholders approved an ordinary cash dividend at the March 27, 2026 Annual Ordinary and Extraordinary Meeting, with payments per share structured by series and scheduled in four installments starting April 23, 2026.
ALSEA *
Mex$48.16
Alsea. de
7D
-2.7%
1Y
-4.6%
Narrative Update • Jun 01

ALSEA *: Dividend Outlook And Improved Margins Will Support Higher Earnings Multiple

Alsea’s analyst price target has been adjusted slightly from MX$80.00 to MX$79.97 as analysts factor in updated assumptions around the discount rate, revenue growth, profit margin and future P/E. What's in the News Alsea, S.A.B. de C.V. declared an annual dividend of MXN 1.0000 per share, with payment scheduled for May 7, 2026, ex date May 6, 2026, and record date May 6, 2026 (Key Developments).
KUO B
Mex$55.20
Kuo. de
7D
-4.8%
1Y
38.1%