Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Mexican (IPC) Market Analysis & Valuation

UpdatedDec 04, 2025
DataAggregated Company Financials
Companies126
  • 7D0.7%
  • 3M5.5%
  • 1Y16.8%
  • YTD20.5%

In the last week, the market has stayed flat, however the Energy sector stood out, gaining 7.0%. As for the longer term, the market has risen 17% in the past 12 months. As for the next few years, earnings are expected to grow by 12% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Dec 2025Mex$10.2tMex$8.0tMex$659.5b12.8x15.4x1.3x
Sat, 01 Nov 2025Mex$10.2tMex$8.0tMex$659.7b11.9x15.4x1.3x
Mon, 29 Sep 2025Mex$9.9tMex$7.9tMex$613.9b12x16.1x1.3x
Wed, 27 Aug 2025Mex$9.3tMex$7.8tMex$617.3b12.1x15.1x1.2x
Fri, 25 Jul 2025Mex$9.2tMex$7.6tMex$616.3b12x14.9x1.2x
Sun, 22 Jun 2025Mex$9.0tMex$7.6tMex$593.0b11.5x15.2x1.2x
Tue, 20 May 2025Mex$9.3tMex$7.6tMex$590.8b11.9x15.7x1.2x
Thu, 17 Apr 2025Mex$8.7tMex$7.5tMex$608.6b10.8x14.4x1.2x
Sat, 15 Mar 2025Mex$8.6tMex$7.5tMex$595.2b10.6x14.5x1.1x
Mon, 10 Feb 2025Mex$8.8tMex$7.5tMex$626.3b11.4x14.1x1.2x
Wed, 08 Jan 2025Mex$8.5tMex$7.5tMex$611.4b11.7x13.9x1.1x
Fri, 06 Dec 2024Mex$8.6tMex$7.5tMex$602.7b12.3x14.3x1.2x
Sun, 03 Nov 2024Mex$8.7tMex$7.4tMex$607.7b11.5x14.3x1.2x
Tue, 01 Oct 2024Mex$9.1tMex$7.4tMex$590.2b12x15.5x1.2x
Thu, 29 Aug 2024Mex$9.0tMex$7.4tMex$590.1b11.6x15.3x1.2x
Sat, 27 Jul 2024Mex$9.1tMex$7.2tMex$579.8b12.4x15.7x1.3x
Mon, 24 Jun 2024Mex$9.0tMex$7.1tMex$582.5b12.9x15.5x1.3x
Wed, 22 May 2024Mex$9.6tMex$7.0tMex$560.7b13.8x17.1x1.4x
Fri, 19 Apr 2024Mex$9.3tMex$7.1tMex$574.1b13.2x16.1x1.3x
Sun, 17 Mar 2024Mex$9.6tMex$7.1tMex$584.8b13.4x16.4x1.3x
Tue, 13 Feb 2024Mex$9.6tMex$7.4tMex$628.2b13.7x15.3x1.3x
Thu, 11 Jan 2024Mex$9.6tMex$7.4tMex$656.4b12.9x14.6x1.3x
Sat, 09 Dec 2023Mex$9.4tMex$7.4tMex$658.4b12.3x14.3x1.3x
Mon, 06 Nov 2023Mex$9.0tMex$7.5tMex$662.4b12x13.5x1.2x
Wed, 04 Oct 2023Mex$9.0tMex$7.5tMex$662.2b12.9x13.5x1.2x
Fri, 01 Sep 2023Mex$9.4tMex$7.4tMex$657.5b13x14.2x1.3x
Sun, 30 Jul 2023Mex$9.5tMex$7.4tMex$655.4b13.1x14.5x1.3x
Tue, 27 Jun 2023Mex$9.2tMex$7.3tMex$638.7b13.1x14.4x1.3x
Thu, 25 May 2023Mex$9.2tMex$7.4tMex$640.3b13.4x14.4x1.3x
Sat, 22 Apr 2023Mex$9.5tMex$7.3tMex$661.6b12.8x14.4x1.3x
Mon, 20 Mar 2023Mex$8.7tMex$6.9tMex$612.6b12.8x14.2x1.3x
Wed, 15 Feb 2023Mex$9.3tMex$7.2tMex$660.9b11.7x14.1x1.3x
Fri, 13 Jan 2023Mex$9.5tMex$7.2tMex$658.9b11.9x14.4x1.3x
Sun, 11 Dec 2022Mex$9.0tMex$7.3tMex$651.7b11.8x13.9x1.2x
Price to Earnings Ratio

13.9x


Total Market Cap: Mex$9.0tTotal Earnings: Mex$651.7bTotal Revenue: Mex$7.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 14.8x202320242025
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 14.8x.
Past Earnings Growth
  • The earnings for Mexican listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 2.8% 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 and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Mexican Market?

MX Market0.69%
Energy7.01%
Materials4.14%
Consumer Staples1.90%
Healthcare1.65%
Consumer Discretionary0.12%
Financials-0.039%
Utilities-0.63%
Industrials-1.21%
Real Estate-1.40%
Telecom-4.06%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading close to its 3-year average PE ratio of 19.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 12.4% which is higher than its past year's earnings decline of 4.2% 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 20% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 2.1% 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
GMEXICO B Grupo México. deMex$164.844.7%
+Mex$57.5b		57.7%PE16.1xMaterials
FEMSA UBD Fomento Económico Mexicano. deMex$186.388.0%
+Mex$47.5b		1.1%PE46.6xConsumer Staples
CEMEX CPO CEMEX. deMex$19.844.9%
+Mex$13.3b		68.3%PE17.3xMaterials
PE&OLES * Industrias Peñoles. deMex$784.483.1%
+Mex$9.5b		151.0%PE18.6xMaterials
VISTA A Vista Energy. deMex$969.398.9%
+Mex$8.3b		-14.6%PE7.6xEnergy
See more

Market Insights

Header cover image
🏰 Defensive Stocks Are No Longer Cheap
Richard Bowman avatar
Richard Bowman
|
|
In this piece, we’ll cover the key defensive sectors across the US, Canada, the UK, Europe, and Australia, compare their valuations to the broader market, and highlight where “safety” might actually be expensive risk in disguise.
Continue reading
🇬🇧 London’s IPO Drought and the Hunt for the UK’s Real Winners
Last Week

🇬🇧 London’s IPO Drought and the Hunt for the UK’s Real Winners

Latest News

AMX B
Mex$19.81
América Móvil. de
7D
-4.6%
1Y
29.5%

AMX B: Future Performance Will Balance Modest Profit Decline With Revenue Improvement

Analysts have increased their price target for América Móvil, raising it from €21.10 to €21.48. This adjustment is largely due to slightly improved revenue growth forecasts, even though there is a marginal decline in profit margin expectations.
GMEXICO B
Mex$164.84
Grupo México. de
7D
4.7%
1Y
57.7%

GMEXICO B: Future Performance Will Depend On High Copper Prices And Project Delays

The analyst price target for Grupo México has increased modestly from MXN 149.43 to MXN 150.01. Analysts cite strong copper prices and long-term earnings potential as supporting factors for this slightly higher valuation.
AC *
Mex$185.03
Arca Continental. de
7D
2.4%
1Y
-0.6%

AC *: Recent Upgrade Will Support Sustained Compounding as Entry Point Improves

Analysts have raised their price target for Arca Continental to MXN 225 from MXN 218, citing an attractive entry point and the company's potential for sustained growth. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the recent share price levels provide an attractive entry point and potential upside for investors.
BIMBO A
Mex$59.43
Grupo Bimbo. de
7D
3.1%
1Y
0.9%

Are Investors Undervaluing Grupo Bimbo, S.A.B. de C.V. (BMV:BIMBOA) By 42%?

Nov 27
Are Investors Undervaluing Grupo Bimbo, S.A.B. de C.V. (BMV:BIMBOA) By 42%?
CEMEX CPO
Mex$19.84
CEMEX. de
7D
4.9%
1Y
68.3%

CEMEX CPO: Forecasted Margins And Revenue Trends Will Signal Fair Market Outlook

Analysts have raised their price target on CEMEX.de from €20.68 to €21.18, reflecting modest improvements in forecasted revenue growth, which are slightly offset by a lower profit margin outlook and an adjusted discount rate. Valuation Changes Fair Value increased modestly from €20.68 to €21.18 Discount Rate edged up marginally from 17.00% to 17.03% Revenue Growth improved from 3.88% to 4.58% Net Profit Margin declined from 7.59% to 7.26% Future P/E rose from 19.39x to 20.34x
FIBRAPL 14
Mex$72.94
FIBRA Prologis
7D
-5.2%
1Y
21.5%

FIBRAPL 14 Revenue And Margin Estimates Will Shape Performance Outlook

Analysts have raised their price target for FIBRA Prologis by approximately $1.20. This change reflects updated revenue growth and margin projections.
FEMSA UBD
Mex$186.38
Fomento Económico Mexicano. de
7D
8.0%
1Y
1.1%

Estimating The Fair Value Of Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSAUBD)

Nov 26
Estimating The Fair Value Of Fomento Económico Mexicano, S.A.B. de C.V. (BMV:FEMSAUBD)
Q *
Mex$173.45
Quálitas Controladora. de
7D
-4.0%
1Y
2.7%
PE&OLES *
Mex$784.48
Industrias Peñoles. de
7D
3.1%
1Y
151.0%

Is Industrias Peñoles, S.A.B. de C.V. (BMV:PE&OLES) Expensive For A Reason? A Look At Its Intrinsic Value

Nov 22
Is Industrias Peñoles, S.A.B. de C.V. (BMV:PE&OLES) Expensive For A Reason? A Look At Its Intrinsic Value
WALMEX *
Mex$59.82
Wal-Mart de México. de
7D
-1.3%
1Y
4.9%
GCC *
Mex$193.28
GCC. de
7D
8.9%
1Y
1.7%

A Look At The Fair Value Of GCC, S.A.B. de C.V. (BMV:GCC)

Nov 20
A Look At The Fair Value Of GCC, S.A.B. de C.V. (BMV:GCC)
VISTA A
Mex$969.39
Vista Energy. de
7D
8.9%
1Y
-14.6%
GCARSO A1
Mex$122.78
Grupo Carso. de
7D
-1.7%
1Y
0.8%

GCARSO A1 Revenue Will Slow While Margins Face Further Pressure Ahead

Analysts have raised their price target for Grupo Carso from $101 to $115. This adjustment is due to updated expectations for lower revenue growth and profit margins, along with a higher long-term valuation multiple.
GMXT *
Mex$33.45
GMéxico Transportes. de
7D
-1.9%
1Y
6.6%
OMA B
Mex$237.89
Grupo Aeroportuario del Centro Norte. de
7D
-2.8%
1Y
34.2%
GAP B
Mex$423.52
Grupo Aeroportuario del Pacífico. de
7D
-3.4%
1Y
6.2%