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

Mexican (IPC) Market Analysis & Valuation

UpdatedOct 31, 2025
DataAggregated Company Financials
Companies124
  • 7D2.7%
  • 3M10.7%
  • 1Y16.8%
  • YTD20.6%

The market has climbed 2.7% in the last 7 days, lead by the Materials sector with a gain of 7.9%. As for the past 12 months, the market is up 17%. 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
Fri, 31 Oct 2025Mex$10.2tMex$8.0tMex$655.5b11.5x15.5x1.3x
Sun, 28 Sep 2025Mex$9.9tMex$7.9tMex$613.9b12x16.1x1.3x
Tue, 26 Aug 2025Mex$9.4tMex$7.8tMex$617.4b12.1x15.2x1.2x
Thu, 24 Jul 2025Mex$9.1tMex$7.6tMex$617.7b12x14.8x1.2x
Sat, 21 Jun 2025Mex$9.0tMex$7.6tMex$593.0b11.5x15.2x1.2x
Mon, 19 May 2025Mex$9.2tMex$7.6tMex$591.4b12x15.6x1.2x
Wed, 16 Apr 2025Mex$8.7tMex$7.6tMex$609.6b10.6x14.2x1.1x
Fri, 14 Mar 2025Mex$8.6tMex$7.6tMex$596.8b11x14.3x1.1x
Sun, 09 Feb 2025Mex$8.8tMex$7.5tMex$626.3b11.4x14.1x1.2x
Tue, 07 Jan 2025Mex$8.4tMex$7.5tMex$611.5b11.6x13.8x1.1x
Thu, 05 Dec 2024Mex$8.6tMex$7.5tMex$603.2b12.2x14.3x1.1x
Sat, 02 Nov 2024Mex$8.7tMex$7.4tMex$607.5b11.5x14.3x1.2x
Mon, 30 Sep 2024Mex$9.1tMex$7.4tMex$590.3b12x15.5x1.2x
Wed, 28 Aug 2024Mex$9.1tMex$7.4tMex$591.2b11.5x15.5x1.2x
Fri, 26 Jul 2024Mex$9.1tMex$7.2tMex$578.8b12.4x15.7x1.3x
Sun, 23 Jun 2024Mex$9.0tMex$7.1tMex$582.5b12.9x15.5x1.3x
Tue, 21 May 2024Mex$9.6tMex$7.0tMex$560.1b13.9x17.1x1.4x
Thu, 18 Apr 2024Mex$9.3tMex$7.1tMex$583.3b12.6x15.9x1.3x
Sat, 16 Mar 2024Mex$9.6tMex$7.1tMex$584.8b13.2x16.4x1.3x
Mon, 12 Feb 2024Mex$9.6tMex$7.4tMex$626.9b13.8x15.3x1.3x
Wed, 10 Jan 2024Mex$9.7tMex$7.4tMex$656.3b13.2x14.8x1.3x
Fri, 08 Dec 2023Mex$9.4tMex$7.4tMex$659.0b12.4x14.2x1.3x
Sun, 05 Nov 2023Mex$9.0tMex$7.5tMex$662.4b12x13.5x1.2x
Tue, 03 Oct 2023Mex$9.0tMex$7.5tMex$662.2b12.9x13.5x1.2x
Thu, 31 Aug 2023Mex$9.3tMex$7.4tMex$655.9b13x14.2x1.3x
Sat, 29 Jul 2023Mex$9.5tMex$7.4tMex$654.9b13.1x14.5x1.3x
Mon, 26 Jun 2023Mex$9.2tMex$7.3tMex$638.9b13.1x14.4x1.3x
Wed, 24 May 2023Mex$9.2tMex$7.4tMex$641.1b13.3x14.3x1.2x
Fri, 21 Apr 2023Mex$9.5tMex$7.3tMex$660.1b12.9x14.4x1.3x
Sun, 19 Mar 2023Mex$9.0tMex$7.2tMex$643.0b11.8x13.9x1.3x
Tue, 14 Feb 2023Mex$9.4tMex$7.2tMex$667.5b11.7x14.1x1.3x
Thu, 12 Jan 2023Mex$9.4tMex$7.2tMex$659.5b11.9x14.3x1.3x
Sat, 10 Dec 2022Mex$9.0tMex$7.3tMex$651.7b11.8x13.9x1.2x
Mon, 07 Nov 2022Mex$9.1tMex$8.3tMex$2.6t11.2x3.5x1.1x
Price to Earnings Ratio

3.5x


Total Market Cap: Mex$9.1tTotal Earnings: Mex$2.6tTotal Revenue: Mex$8.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 14.7x202320242025
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 14.7x.
Past Earnings Growth
  • The earnings for Mexican listed companies have declined 37% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Mexican Market?

MX Market2.73%
Energy18.89%
Materials7.95%
Healthcare3.93%
Consumer Discretionary2.23%
Telecom1.77%
Industrials1.66%
Real Estate1.54%
Consumer Staples0.82%
Financials0.75%
Utilities-1.37%
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 25.6x.
    • Analysts are expecting annual earnings growth of 18.9%, which is lower than the prior year's growth of 42.1% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 8.6x.
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 12% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 2.0% 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$165.1510.8%
+Mex$124.9b		58.4%PE15.9xMaterials
CEMEX CPO CEMEX. deMex$18.829.4%
+Mex$23.0b		78.1%PE16.1xMaterials
GCARSO A1 Grupo Carso. deMex$131.298.3%
+Mex$22.7b		7.5%PE35.1xIndustrials
AMX B América Móvil. deMex$21.171.6%
+Mex$19.9b		33.1%PE18.8xTelecom
BIMBO A Grupo Bimbo. deMex$65.336.2%
+Mex$16.5b		6.3%PE24.9xConsumer Staples
See more

Market Insights

Header cover image
🏦 Room to Run: A Look at Where the Financial Sector Could Go
Richard Bowman avatar
Richard Bowman
|
|
The AI capex boom is getting all of the attention, but behind that flurry of spending is an entire corner of the market that many are overlooking: Financials. Three key factors underpin the sector’s medium-term potential: a steepening yield curve, heightened IPO activity, and surging business spending together could boost financial stocks and ETFs higher.
Continue reading
💵 Hedging Your Bets on The Debasement Trade
Last Week

💵 Hedging Your Bets on The Debasement Trade

Latest News

VISTA A
Mex$876.01
Vista Energy. de
7D
18.9%
1Y
-12.2%

Vista Energy. de's (BMV:VISTAA) Earnings Might Be Weaker Than You Think

Oct 31
Vista Energy. de's (BMV:VISTAA) Earnings Might Be Weaker Than You Think
WALMEX *
Mex$60.75
Wal-Mart de México. de
7D
-0.3%
1Y
8.7%

Earnings Miss: Wal-Mart de México, S.A.B. de C.V. Missed EPS By 7.9% And Analysts Are Revising Their Forecasts

Oct 31
Earnings Miss: Wal-Mart de México, S.A.B. de C.V. Missed EPS By 7.9% And Analysts Are Revising Their Forecasts
BIMBO A
Mex$65.33
Grupo Bimbo. de
7D
6.2%
1Y
6.3%

Grupo Bimbo, S.A.B. de C.V. (BMV:BIMBOA) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year

Oct 31
Grupo Bimbo, S.A.B. de C.V. (BMV:BIMBOA) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year
ICH B
Mex$170.89
Industrias CH S. A. B. de C. V
7D
-2.2%
1Y
-6.9%
GMEXICO B
Mex$165.15
Grupo México. de
7D
10.8%
1Y
58.4%
PE&OLES *
Mex$755.09
Industrias Peñoles. de
7D
2.8%
1Y
140.0%
MEGA CPO
Mex$52.52
Megacable Holdings S. A. B. de C. V
7D
-4.5%
1Y
19.6%
GCARSO A1
Mex$131.29
Grupo Carso. de
7D
8.3%
1Y
7.5%
GAP B
Mex$386.10
Grupo Aeroportuario del Pacífico. de
7D
-3.5%
1Y
14.2%
CEMEX CPO
Mex$18.82
CEMEX. de
7D
9.4%
1Y
78.1%

CEMEX CPO: Profitability And Revenue Trends Will Shape Future Fair Value

Analysts have raised their price target for CEMEX. de from $19.13 to $20.17.
FEMSA UBD
Mex$177.13
Fomento Económico Mexicano. de
7D
0.6%
1Y
-9.7%
OMA B
Mex$229.44
Grupo Aeroportuario del Centro Norte. de
7D
-2.8%
1Y
40.7%
GENTERA *
Mex$43.64
Gentera. de
7D
-8.6%
1Y
72.4%
CUERVO *
Mex$22.48
Becle. de
7D
-5.9%
1Y
-15.8%
FMTY 14
Mex$13.58
Fibra MtyP.I. de
7D
-4.2%
1Y
28.8%
AMX B
Mex$21.17
América Móvil. de
7D
1.6%
1Y
33.1%

Fiber And 5G Expansion Will Drive Latin America's Digital Transformation

Analysts have modestly increased their price target for América Móvil. de, raising it from $20.27 to $20.65.