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Mexican (IPC) Financials Sector Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies23
  • 7D-0.5%
  • 3M2.0%
  • 1Y3.9%
  • YTD6.4%

Over the last 7 days, the Financials industry has remained flat, although notably Quálitas Controladora. de gained 7.2%. As for the the longer term, the industry is up 3.9% over the past 12 months. As for the next few years, earnings are expected to grow by 8.0% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026Mex$1.4tMex$556.4bMex$144.7b9.1x9.6x2.5x
Fri, 20 Mar 2026Mex$1.4tMex$556.2bMex$144.9b9.1x9.3x2.4x
Sun, 15 Feb 2026Mex$1.4tMex$595.1bMex$141.4b9.9x10x2.4x
Tue, 13 Jan 2026Mex$1.3tMex$545.1bMex$147.3b8.2x8.6x2.3x
Thu, 11 Dec 2025Mex$1.4tMex$663.7bMex$143.2b8x9.7x2.1x
Sat, 08 Nov 2025Mex$1.4tMex$663.7bMex$143.2b8.5x9.7x2.1x
Mon, 06 Oct 2025Mex$1.4tMex$650.8bMex$140.1b8.4x10.1x2.2x
Wed, 03 Sep 2025Mex$1.4tMex$641.5bMex$138.1b8.6x10x2.2x
Fri, 01 Aug 2025Mex$1.4tMex$644.8bMex$138.8b7.7x9.9x2.1x
Sun, 29 Jun 2025Mex$1.4tMex$623.5bMex$135.7b8.4x10.2x2.2x
Tue, 27 May 2025Mex$1.3tMex$581.6bMex$131.9b8.4x10.2x2.3x
Thu, 24 Apr 2025Mex$1.3tMex$564.5bMex$126.6b7.6x10.3x2.3x
Sat, 22 Mar 2025Mex$1.3tMex$584.9bMex$128.0b7.7x9.8x2.1x
Mon, 17 Feb 2025Mex$1.3tMex$570.1bMex$139.9b8.7x9.2x2.3x
Wed, 15 Jan 2025Mex$1.2tMex$566.8bMex$140.3b7.6x8.5x2.1x
Fri, 13 Dec 2024Mex$1.2tMex$566.8bMex$140.3b8.1x8.8x2.2x
Sun, 10 Nov 2024Mex$1.1tMex$470.4bMex$139.0b7.7x8.1x2.4x
Tue, 08 Oct 2024Mex$1.4tMex$561.2bMex$137.6b8x10.2x2.5x
Thu, 05 Sep 2024Mex$1.3tMex$564.7bMex$138.3b7.7x9.7x2.4x
Sat, 03 Aug 2024Mex$1.4tMex$565.3bMex$137.8b8x9.8x2.4x
Mon, 01 Jul 2024Mex$1.4tMex$538.7bMex$136.1b9.2x10.2x2.6x
Wed, 29 May 2024Mex$1.5tMex$525.0bMex$135.9b9.5x11x2.9x
Fri, 26 Apr 2024Mex$1.4tMex$523.0bMex$129.5b10.9x11.1x2.8x
Sun, 24 Mar 2024Mex$1.6tMex$520.5bMex$127.9b10.7x12.3x3x
Tue, 20 Feb 2024Mex$1.5tMex$513.3bMex$126.9b11.2x12x3x
Thu, 18 Jan 2024Mex$1.7tMex$628.0bMex$156.8b8.8x10.6x2.7x
Sat, 16 Dec 2023Mex$1.7tMex$628.0bMex$156.8b9x10.8x2.7x
Mon, 13 Nov 2023Mex$1.5tMex$618.9bMex$154.3b7.9x9.5x2.4x
Wed, 11 Oct 2023Mex$1.4tMex$602.0bMex$145.8b7.8x9.6x2.3x
Fri, 08 Sep 2023Mex$1.4tMex$602.0bMex$145.8b7.9x9.6x2.3x
Sun, 06 Aug 2023Mex$1.5tMex$602.1bMex$145.8b8.1x10x2.4x
Tue, 04 Jul 2023Mex$1.4tMex$588.2bMex$134.4b6.7x10.5x2.4x
Thu, 01 Jun 2023Mex$1.4tMex$587.3bMex$134.5b9x10.7x2.4x
Sat, 29 Apr 2023Mex$1.5tMex$579.4bMex$133.9b8.1x11x2.5x
Price to Earnings Ratio

11x


Total Market Cap: Mex$1.5tTotal Earnings: Mex$133.9bTotal Revenue: Mex$579.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Financials Sector Price to Earnings3Y Average 10x202420252026
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 10.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 2.6% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

MX Market-1.53%
Financials-0.50%
Insurance4.94%
Mortgage REITs0.35%
Capital Markets-0.18%
Diversified Financial-0.37%
Banks-0.83%
Consumer Finance-3.24%
Industry PE
  • Investors are most optimistic about the Mortgage REITs industry which is trading above its 3-year average PE ratio of 14.2x.
    • 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 16% over the next 5 years.
  • However this is lower than its past earnings growth rate of 27% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 6.9% 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
Q * Quálitas Controladora. deMex$176.007.2%
+Mex$4.7b		-13.9%PE13.7x
R A Regional. deMex$147.772.9%
+Mex$1.4b		3.6%PB1.3x
BOLSA A Bolsa Mexicana de Valores. deMex$37.641.4%
+Mex$288.2m		-7.1%PE13x
FINDEP * Financiera Independencia. de SOFOM E.N.RMex$8.504.9%
+Mex$124.1m		8.0%PE4.3x
FHIPO 14 Fideicomiso Irrevocable F/2061 FHipoMex$14.450.3%
+Mex$18.7m		4.0%PE82.3x

Latest News

NEXT 25
Mex$94.00
Fideicomiso Irrevocable No. 7401
7D
-0.8%
1Y
n/a
R A
Mex$147.77
Regional. de
7D
2.9%
1Y
3.6%
GFNORTE O
Mex$196.19
Grupo Financiero Banorte. de
7D
-1.0%
1Y
22.8%

GFNORTE O: Data Center Migration Will Support Stronger Forward Earnings Profile

Analysts now set their price target for Grupo Financiero Banorte at roughly MX$221.80 per share, a minor adjustment that reflects updated views on discount rates, revenue growth expectations, profit margins, and forward P/E assumptions. What's in the News Relocated its mainframe data center from Mexico City to Querétaro to reduce business risks linked to natural disasters and to reinforce its digital backbone (Key Developments) Upgraded core storage infrastructure with Hitachi Vantara Virtual Storage Platform systems to support higher performance in its mainframe environment (Key Developments) Implemented Hitachi Universal Replicator technology to enable data replication with zero reported data loss and minimal downtime during the migration (Key Developments) Valuation Changes Fair Value: updated from MX$221.67 to MX$221.80, representing a very small upward adjustment in the modeled share value.
ACTINVR B
Mex$21.75
Corporación Actinver S. A. B. de C. V
7D
-0.05%
1Y
16.8%
GFINBUR O
Mex$44.82
Grupo Financiero Inbursa. de
7D
-1.0%
1Y
-14.2%
GENTERA *
Mex$47.19
Gentera. de
7D
-3.5%
1Y
38.9%
Q *
Mex$176.00
Quálitas Controladora. de
7D
7.2%
1Y
-13.9%
BBAJIO O
Mex$57.01
Banco del Bajío Institución de Banca Múltiple
7D
-3.0%
1Y
18.8%
BOLSA A
Mex$37.64
Bolsa Mexicana de Valores. de
7D
1.4%
1Y
-7.1%

BOLSA A: Execution And Cost Discipline Will Drive Future P/E Rerating Potential

Analysts have made a slight adjustment to their MX$ price target for Bolsa Mexicana de Valores, reflecting small changes to projected discount rates, revenue growth, profit margins and future P/E assumptions following recent mixed rating moves from major firms. Analyst Commentary Recent research has highlighted a split in views on Bolsa Mexicana de Valores, with at least one major firm turning more cautious while some Bullish analysts underline areas where the current valuation and fundamentals still look appealing.
FINDEP *
Mex$8.50
Financiera Independencia. de SOFOM E.N.R
7D
4.9%
1Y
8.0%
INVEX A
Mex$97.00
INVEX Controladora. de
7D
-0.4%
1Y
n/a
FHIPO 14
Mex$14.45
Fideicomiso Irrevocable F/2061 FHipo
7D
0.3%
1Y
4.0%