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Mexican (IPC) Market Analysis & Valuation

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies124
  • 7D2.3%
  • 3M8.7%
  • 1Y20.5%
  • YTD21.1%

The market has climbed 1.0% in the last 7 days, lead by the Materials sector with a gain of 3.9%. As for the past 12 months, the market is up 19%. Looking forward, earnings are forecast to grow by 12% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 29 Nov 2025Mex$10.0tMex$8.0tMex$661.1b12.4x15.1x1.2x
Mon, 27 Oct 2025Mex$9.9tMex$7.9tMex$651.1b12x15.2x1.2x
Wed, 24 Sep 2025Mex$9.9tMex$7.9tMex$613.9b12.2x16.1x1.3x
Fri, 22 Aug 2025Mex$9.4tMex$7.8tMex$617.9b12.1x15.2x1.2x
Sun, 20 Jul 2025Mex$9.1tMex$7.6tMex$600.5b12.3x15.1x1.2x
Tue, 17 Jun 2025Mex$9.1tMex$7.6tMex$591.4b12.1x15.4x1.2x
Thu, 15 May 2025Mex$9.2tMex$7.6tMex$590.8b11.9x15.5x1.2x
Sat, 12 Apr 2025Mex$8.5tMex$7.6tMex$610.6b10.6x13.9x1.1x
Mon, 10 Mar 2025Mex$8.7tMex$7.6tMex$598.7b10.6x14.5x1.2x
Wed, 05 Feb 2025Mex$8.6tMex$7.6tMex$614.0b11.6x14x1.1x
Fri, 03 Jan 2025Mex$8.5tMex$7.6tMex$613.1b11.7x13.9x1.1x
Sun, 01 Dec 2024Mex$8.4tMex$7.4tMex$602.3b11.7x14x1.1x
Tue, 29 Oct 2024Mex$8.8tMex$7.4tMex$602.2b12x14.6x1.2x
Thu, 26 Sep 2024Mex$9.2tMex$7.4tMex$589.9b12x15.6x1.3x
Sat, 24 Aug 2024Mex$9.2tMex$7.3tMex$587.5b11.7x15.6x1.2x
Mon, 22 Jul 2024Mex$9.2tMex$7.2tMex$555.2b13.4x16.5x1.3x
Wed, 19 Jun 2024Mex$8.9tMex$7.1tMex$576.3b12.3x15.4x1.2x
Fri, 17 May 2024Mex$9.6tMex$7.0tMex$568.4b13.9x17x1.4x
Sun, 14 Apr 2024Mex$9.5tMex$7.1tMex$578.9b13.4x16.3x1.3x
Tue, 12 Mar 2024Mex$9.4tMex$7.1tMex$585.3b13x16.1x1.3x
Thu, 08 Feb 2024Mex$9.8tMex$7.4tMex$631.0b13.8x15.5x1.3x
Sat, 06 Jan 2024Mex$9.6tMex$7.4tMex$655.8b13.2x14.7x1.3x
Mon, 04 Dec 2023Mex$9.3tMex$7.4tMex$657.5b12.4x14.2x1.3x
Wed, 01 Nov 2023Mex$8.7tMex$7.5tMex$667.3b11.6x13x1.2x
Fri, 29 Sep 2023Mex$9.0tMex$7.5tMex$661.6b13x13.6x1.2x
Sun, 27 Aug 2023Mex$9.2tMex$7.4tMex$653.5b12.7x14.1x1.2x
Tue, 25 Jul 2023Mex$9.4tMex$7.4tMex$652.2b12.9x14.3x1.3x
Thu, 22 Jun 2023Mex$9.3tMex$7.3tMex$638.6b13.2x14.6x1.3x
Sat, 20 May 2023Mex$9.3tMex$7.3tMex$640.6b13x14.5x1.3x
Mon, 17 Apr 2023Mex$9.6tMex$7.2tMex$654.8b12.5x14.6x1.3x
Wed, 15 Mar 2023Mex$9.4tMex$7.4tMex$666.2b12x14.1x1.3x
Fri, 10 Feb 2023Mex$9.4tMex$7.2tMex$667.7b11.7x14x1.3x
Sun, 08 Jan 2023Mex$9.2tMex$7.2tMex$661.1b11.9x14x1.3x
Tue, 06 Dec 2022Mex$9.1tMex$7.3tMex$651.2b11.8x13.9x1.2x
Price to Earnings Ratio

13.9x


Total Market Cap: Mex$9.1tTotal Earnings: Mex$651.2bTotal 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 2.9% 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 Market2.25%
Materials5.24%
Healthcare5.07%
Industrials3.68%
Consumer Discretionary1.84%
Consumer Staples1.53%
Financials1.17%
Real Estate0.90%
Telecom0.19%
Energy-0.024%
Utilities-1.36%
Sector PE
  • Investors favour the Telecom sector the most for future growth even though it's trading below its 3-year average PE ratio of 25.7x.
    • Analysts are expecting annual earnings growth of 17.8%, which is lower than the prior year's growth of 42.1% 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$159.506.8%
+Mex$79.2b		62.3%PE15.6xMaterials
PE&OLES * Industrias Peñoles. deMex$772.786.0%
+Mex$17.5b		163.6%PE18.3xMaterials
GAP B Grupo Aeroportuario del Pacífico. deMex$446.277.2%
+Mex$15.2b		18.9%PE22.7xIndustrials
CEMEX CPO CEMEX. deMex$19.374.3%
+Mex$11.4b		73.9%PE16.8xMaterials
IDEAL B-1 Impulsora del Desarrollo y el Empleo en América Latina. deMex$44.0010.0%
+Mex$11.4b		n/aPE14.6xIndustrials
See more

Market Insights

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