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Mexican (IPC) Financials Sector Analysis

UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies23
  • 7D-1.1%
  • 3M7.0%
  • 1Y11.7%
  • YTD7.2%

Over the last 7 days, the Financials industry has dropped 1.1%, driven by declines in Gentera. de and Grupo Financiero Banorte. de of 5.4% and 0.8%, respectively. Over the past 12 months, the industry was up 12%. Looking forward, earnings are forecast to grow by 8.0% annually.

Sector Valuation and Performance

Has the Mexican Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Feb 2026Mex$1.4tMex$709.0bMex$145.5b9.1x9.7x2x
Mon, 26 Jan 2026Mex$1.4tMex$541.5bMex$146.9b9x9.3x2.5x
Wed, 24 Dec 2025Mex$1.4tMex$663.8bMex$143.4b8.6x9.7x2.1x
Fri, 21 Nov 2025Mex$1.4tMex$663.7bMex$143.2b8.2x9.4x2x
Sun, 19 Oct 2025Mex$1.4tMex$650.7bMex$140.0b8.3x9.8x2.1x
Tue, 16 Sep 2025Mex$1.4tMex$645.6bMex$138.8b9x10.3x2.2x
Thu, 14 Aug 2025Mex$1.4tMex$645.6bMex$138.8b8.1x9.8x2.1x
Sat, 12 Jul 2025Mex$1.4tMex$623.5bMex$135.7b8.2x10x2.2x
Mon, 09 Jun 2025Mex$1.4tMex$603.0bMex$133.3b8.4x10.4x2.3x
Wed, 07 May 2025Mex$1.4tMex$584.4bMex$132.8b8.2x10.2x2.3x
Fri, 04 Apr 2025Mex$1.3tMex$564.2bMex$126.6b7.4x10x2.2x
Sun, 02 Mar 2025Mex$1.3tMex$579.4bMex$127.6b8.1x9.8x2.2x
Tue, 28 Jan 2025Mex$1.2tMex$565.0bMex$139.0b8.4x8.8x2.2x
Thu, 26 Dec 2024Mex$1.2tMex$566.8bMex$140.3b7.4x8.3x2.1x
Sat, 23 Nov 2024Mex$1.1tMex$470.4bMex$139.0b7.7x8x2.4x
Mon, 21 Oct 2024Mex$1.4tMex$563.9bMex$137.8b8.1x9.9x2.4x
Wed, 18 Sep 2024Mex$1.3tMex$564.7bMex$138.3b7.7x9.8x2.4x
Fri, 16 Aug 2024Mex$1.4tMex$564.8bMex$138.3b7.8x9.9x2.4x
Sun, 14 Jul 2024Mex$1.4tMex$542.3bMex$137.0b8.2x10.4x2.6x
Tue, 11 Jun 2024Mex$1.4tMex$525.0bMex$135.9b8.9x10.1x2.6x
Thu, 09 May 2024Mex$1.4tMex$525.5bMex$130.5b10.1x11x2.7x
Sat, 06 Apr 2024Mex$1.5tMex$514.3bMex$127.3b10.7x11.7x2.9x
Mon, 04 Mar 2024Mex$1.6tMex$520.3bMex$127.9b10.5x12.6x3.1x
Wed, 31 Jan 2024Mex$1.7tMex$635.8bMex$158.9b9.4x10.9x2.7x
Fri, 29 Dec 2023Mex$1.7tMex$628.0bMex$156.8b9.1x10.8x2.7x
Sun, 26 Nov 2023Mex$1.6tMex$628.0bMex$156.8b8.3x10.4x2.6x
Tue, 24 Oct 2023Mex$1.4tMex$605.7bMex$146.6b7.8x9.4x2.3x
Thu, 21 Sep 2023Mex$1.4tMex$602.0bMex$145.8b8x9.7x2.3x
Sat, 19 Aug 2023Mex$1.4tMex$602.0bMex$145.8b7.9x9.6x2.3x
Mon, 17 Jul 2023Mex$1.4tMex$588.2bMex$134.4b7.1x10.8x2.5x
Wed, 14 Jun 2023Mex$1.4tMex$587.5bMex$134.5b8.3x10.6x2.4x
Fri, 12 May 2023Mex$1.5tMex$584.0bMex$134.3b8.4x11x2.5x
Sun, 09 Apr 2023Mex$1.4tMex$563.1bMex$121.2b8.9x11.6x2.5x
Tue, 07 Mar 2023Mex$1.4tMex$549.8bMex$121.2b9x11.9x2.6x
Price to Earnings Ratio

11.9x


Total Market Cap: Mex$1.4tTotal Earnings: Mex$121.2bTotal Revenue: Mex$549.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Financials Sector Price to Earnings3Y Average 10.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the Mexican Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 10.1x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 6.6% per year over the last three years.
  • Revenues for these companies have grown 3.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Mexican Financials sector?

MX Market1.13%
Financials-1.11%
Mortgage REITs0.14%
Diversified Financial0%0
Capital Markets-0.37%
Banks-0.64%
Insurance-4.66%
Consumer Finance-5.22%
Industry PE
  • Investors are most optimistic about the Mortgage REITs industry which is trading above its 3-year average PE ratio of 10.5x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 6.8x.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings growth rate of 8.1% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 7.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BBAJIO O Banco del Bajío Institución de Banca MúltipleMex$57.583.7%
+Mex$2.4b		24.5%PB1.4x
BOLSA A Bolsa Mexicana de Valores. deMex$38.043.2%
+Mex$645.6m		4.3%PE13.2x
INVEX A INVEX Controladora. deMex$98.003.2%
+Mex$489.3m		18.1%PE4.3x
R A Regional. deMex$161.720.4%
+Mex$232.8m		21.9%PB1.5x
FHIPO 14 Fideicomiso Irrevocable F/2061 FHipoMex$14.242.1%
+Mex$108.3m		8.3%PE54.1x

Latest News

GENTERA *
Mex$50.14
Gentera. de
7D
-6.8%
1Y
75.8%
NEXT 25
Mex$98.00
Fideicomiso Irrevocable No. 7401
7D
-0.9%
1Y
n/a
FHIPO 14
Mex$14.24
Fideicomiso Irrevocable F/2061 FHipo
7D
2.1%
1Y
8.3%
BOLSA A
Mex$38.04
Bolsa Mexicana de Valores. de
7D
3.2%
1Y
4.3%

BOLSA A: Mixed Broker Ratings Will Support Future Earnings Repricing Opportunity

Analysts have trimmed their MX$ fair value estimate for Bolsa Mexicana de Valores from MX$49.93 to MX$49.22. This reflects updated views on revenue growth, profit margins and future P/E multiples following mixed recent research, including a downgrade at JPMorgan and an upgrade at Grupo Santander.
INVEX A
Mex$98.00
INVEX Controladora. de
7D
3.2%
1Y
18.1%
BBAJIO O
Mex$57.58
Banco del Bajío Institución de Banca Múltiple
7D
3.7%
1Y
24.5%

BBAJIO O: JPMorgan Upgrade And Stable Earnings Assumptions Will Support Balanced Outlook

Analysts have nudged their price target for Banco del Bajío Institución de Banca Múltiple to MX$60.30, reflecting only very small tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E that keep their overall valuation view effectively unchanged. Analyst Commentary Bullish Takeaways JPMorgan's recent upgrade signals that some high profile coverage sees the current MX$60.30 target as broadly aligned with their view of fair value, rather than stretched.
FINDEP *
Mex$8.79
Financiera Independencia. de SOFOM E.N.R
7D
0.5%
1Y
n/a
ALTERNA B
Mex$1.61
Alterna Asesoría Internacional. de
7D
6.6%
1Y
7.3%
GFNORTE O
Mex$196.39
Grupo Financiero Banorte. de
7D
-1.8%
1Y
35.6%

GFNORTE O: Neutral Downgrade And Mixed Outlook Will Shape Future Performance

Analysts now set their price target for Grupo Financiero Banorte at MX$218.27, up from MX$209.50, even as one firm shifted its rating to Neutral with a MX$195 target, reflecting mixed views on the bank's valuation and risk profile. Analyst Commentary Bullish Takeaways The new average price target of MX$218.27 sits above the Neutral rating level of MX$195, which indicates that some bullish analysts still see room for valuation upside even after recent caution.
R A
Mex$161.72
Regional. de
7D
0.4%
1Y
21.9%

R A: Lower Discount Rate Will Heighten Execution Risk And Limit Upside

Analysts have lifted their fair value estimate for Regional de to MX$143.08 from MX$130.00, citing updated assumptions that include a lower discount rate, revised revenue growth and profit margin expectations, and reference to recent Street research such as BTG Pactual's MX$172 price target. Analyst Commentary The recent lift in fair value to MX$143.08 sits below the MX$172 price target cited in recent Street research, which gives you a sense of how wide the range of views is on Regional de right now.
GFINBUR O
Mex$43.80
Grupo Financiero Inbursa. de
7D
-3.2%
1Y
-7.9%
Q *
Mex$167.92
Quálitas Controladora. de
7D
-2.6%
1Y
-15.2%

Analysts Have Made A Financial Statement On Quálitas Controladora, S.A.B. de C.V.'s (BMV:Q) Full-Year Report

Feb 01
Analysts Have Made A Financial Statement On Quálitas Controladora, S.A.B. de C.V.'s (BMV:Q) Full-Year Report
GBM O
Mex$16.40
Corporativo GBM. de
7D
-0.6%
1Y
64.2%
ACTINVR B
Mex$22.41
Corporación Actinver S. A. B. de C. V
7D
-1.5%
1Y
15.2%