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Mexican (IPC) Market Analysis & Valuation

UpdatedJul 15, 2025
DataAggregated Company Financials
Companies117
  • 7D-1.3%
  • 3M4.2%
  • 1Y-1.9%
  • YTD9.2%

Over the last 7 days, the market has dropped 1.3%, driven by pullbacks in the Financials and Consumer Staples sectors of 3.7% and 1.7%, respectively. Although the market performance has been flat over the past year. As for the next few years, earnings are expected to grow by 11% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 15 Jul 2025Mex$9.2tMex$7.6tMex$602.4b12.1x15.2x1.2x
Thu, 12 Jun 2025Mex$9.2tMex$7.5tMex$588.0b12.6x15.6x1.2x
Sat, 10 May 2025Mex$9.2tMex$7.6tMex$604.0b12.3x15.2x1.2x
Mon, 07 Apr 2025Mex$8.4tMex$7.6tMex$610.1b10.5x13.8x1.1x
Wed, 05 Mar 2025Mex$8.6tMex$7.6tMex$599.6b10.8x14.3x1.1x
Fri, 31 Jan 2025Mex$8.7tMex$7.6tMex$615.0b11.6x14.1x1.1x
Sun, 29 Dec 2024Mex$8.5tMex$7.5tMex$611.0b11.6x13.9x1.1x
Tue, 26 Nov 2024Mex$8.5tMex$7.4tMex$602.0b11.8x14.1x1.1x
Thu, 24 Oct 2024Mex$8.9tMex$7.3tMex$594.7b11.8x15x1.2x
Sat, 21 Sep 2024Mex$9.1tMex$7.4tMex$588.6b11.8x15.5x1.2x
Mon, 19 Aug 2024Mex$9.2tMex$7.3tMex$585.1b11.7x15.8x1.3x
Wed, 17 Jul 2024Mex$9.3tMex$7.1tMex$582.8b13.7x16x1.3x
Fri, 14 Jun 2024Mex$8.9tMex$7.1tMex$576.8b12.7x15.4x1.2x
Sun, 12 May 2024Mex$9.7tMex$7.0tMex$568.8b14.4x17x1.4x
Tue, 09 Apr 2024Mex$9.6tMex$7.1tMex$579.5b13.6x16.6x1.4x
Thu, 07 Mar 2024Mex$9.5tMex$7.1tMex$584.9b13.5x16.2x1.3x
Sat, 03 Feb 2024Mex$9.9tMex$7.4tMex$657.0b13x15x1.3x
Mon, 01 Jan 2024Mex$9.9tMex$7.4tMex$656.4b13.5x15.1x1.3x
Wed, 29 Nov 2023Mex$9.1tMex$7.4tMex$657.2b11.9x13.8x1.2x
Fri, 27 Oct 2023Mex$8.7tMex$7.5tMex$660.0b12x13.1x1.2x
Sun, 24 Sep 2023Mex$9.1tMex$7.5tMex$659.5b12.9x13.7x1.2x
Tue, 22 Aug 2023Mex$9.2tMex$7.4tMex$654.3b12.9x14.1x1.2x
Thu, 20 Jul 2023Mex$9.3tMex$7.3tMex$645.8b13.1x14.4x1.3x
Sat, 17 Jun 2023Mex$9.4tMex$7.3tMex$638.0b13.4x14.8x1.3x
Mon, 15 May 2023Mex$9.6tMex$7.4tMex$667.3b13.2x14.3x1.3x
Wed, 12 Apr 2023Mex$9.6tMex$7.3tMex$662.2b12.1x14.5x1.3x
Fri, 10 Mar 2023Mex$9.4tMex$7.3tMex$659.4b12.1x14.3x1.3x
Sun, 05 Feb 2023Mex$9.5tMex$7.2tMex$672.8b11.7x14.2x1.3x
Tue, 03 Jan 2023Mex$8.8tMex$7.2tMex$663.1b11.8x13.3x1.2x
Thu, 01 Dec 2022Mex$9.2tMex$7.3tMex$649.2b11.3x14.1x1.3x
Sat, 29 Oct 2022Mex$8.8tMex$7.3tMex$649.4b11.5x13.6x1.2x
Mon, 26 Sep 2022Mex$8.4tMex$7.2tMex$627.8b10.8x13.3x1.2x
Wed, 24 Aug 2022Mex$8.7tMex$7.2tMex$626.4b11.4x13.9x1.2x
Fri, 22 Jul 2022Mex$8.6tMex$7.0tMex$594.9b11.9x14.5x1.2x
Price to Earnings Ratio

14.5x


Total Market Cap: Mex$8.6tTotal Earnings: Mex$594.9bTotal Revenue: Mex$7.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 14.5x202320242025
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 14.5x.
Past Earnings Growth
  • The earnings for Mexican listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 2.6% 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 Market-1.29%
Materials1.31%
Industrials0.75%
Utilities0.31%
Real Estate-1.32%
Consumer Staples-1.73%
Consumer Discretionary-1.90%
Healthcare-2.35%
Telecom-2.70%
Energy-3.12%
Financials-3.66%
Sector PE
  • Investors favour the Utilities sector the most for future growth which is trading above its 3-year average PE ratio.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 8.5x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 5.9% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 7.4% 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
CEMEX CPO CEMEX. deMex$13.833.4%
+Mex$7.0b		14.3%PE14.4xMaterials
GMEXICO B Grupo México. deMex$114.070.8%
+Mex$6.9b		4.4%PE12.8xMaterials
PE&OLES * Industrias Peñoles. deMex$518.093.3%
+Mex$6.6b		94.7%PE36.9xMaterials
PINFRA * Promotora y Operadora de Infraestructura S. A. B. de C. VMex$227.606.8%
+Mex$6.2b		30.6%PE10.8xIndustrials
KIMBER A Kimberly-Clark de México S. A. B. de C. VMex$35.263.5%
+Mex$3.6b		6.0%PE14.1xConsumer Staples
See more

Market Insights

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AMX B
Mex$16.29
América Móvil. de
7D
-3.1%
1Y
1.2%
CEMEX CPO
Mex$13.83
CEMEX. de
7D
3.4%
1Y
14.3%
PE&OLES *
Mex$518.09
Industrias Peñoles. de
7D
3.3%
1Y
94.7%

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Jul 12
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GRUMA B
Mex$327.05
Gruma. de
7D
1.8%
1Y
-9.6%

Gruma. de (BMV:GRUMAB) Has Announced A Dividend Of $1.44

Jul 12
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FEMSA UBD
Mex$185.14
Fomento Económico Mexicano. de
7D
-4.8%
1Y
-10.9%
OMA B
Mex$263.85
Grupo Aeroportuario del Centro Norte. de
7D
2.1%
1Y
62.6%
GMEXICO B
Mex$114.07
Grupo México. de
7D
0.8%
1Y
4.4%

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FIBRAPL 14
Mex$69.62
FIBRA Prologis
7D
-3.2%
1Y
6.8%
BIMBO A
Mex$50.61
Grupo Bimbo. de
7D
-1.6%
1Y
-22.0%
GFNORTE O
Mex$160.93
Grupo Financiero Banorte. de
7D
-7.8%
1Y
8.4%
KIMBER A
Mex$35.26
Kimberly-Clark de México S. A. B. de C. V
7D
3.5%
1Y
6.0%
AC *
Mex$188.81
Arca Continental. de
7D
0.5%
1Y
4.3%

Some Confidence Is Lacking In Arca Continental, S.A.B. de C.V.'s (BMV:AC) P/E

Jul 02
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PINFRA *
Mex$227.60
Promotora y Operadora de Infraestructura S. A. B. de C. V
7D
6.8%
1Y
30.6%

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Jun 13
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WALMEX *
Mex$57.69
Wal-Mart de México. de
7D
-1.8%
1Y
-12.0%

Is Wal-Mart de México, S.A.B. de C.V. (BMV:WALMEX) Worth Mex$63.8 Based On Its Intrinsic Value?

Jun 12
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GFINBUR O
Mex$50.19
Grupo Financiero Inbursa. de
7D
-1.1%
1Y
13.7%
R A
Mex$143.83
Regional. de
7D
-9.2%
1Y
-1.1%