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Mexican (IPC) Banks Industry Analysis

UpdatedJul 21, 2026
DataAggregated Company Financials
Companies5
  • 7D-1.7%
  • 3M-6.6%
  • 1Y-0.8%
  • YTD2.2%

Over the last 7 days, the Banks industry has dropped 1.2%, driven by a pullback from Grupo Financiero Banorte. de of 3.3%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 7.1% annually.

Industry Valuation and Performance

Has the Mexican Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jul 2026Mex$976.2bMex$233.3bMex$113.1b8x8.6x4.2x
Thu, 18 Jun 2026Mex$1.0tMex$233.3bMex$113.1b8x8.9x4.3x
Sat, 16 May 2026Mex$988.4bMex$233.3bMex$113.1b7.9x8.7x4.2x
Mon, 13 Apr 2026Mex$1.1tMex$232.6bMex$113.8b8.2x9.3x4.5x
Wed, 11 Mar 2026Mex$1.0tMex$232.6bMex$113.8b7.9x9x4.4x
Fri, 06 Feb 2026Mex$1.1tMex$395.7bMex$113.8b8.2x9.2x2.7x
Sun, 04 Jan 2026Mex$955.3bMex$229.7bMex$113.5b7.6x8.4x4.2x
Tue, 02 Dec 2025Mex$1.0tMex$344.2bMex$108.7b7.5x9.6x3x
Thu, 30 Oct 2025Mex$1.1tMex$341.5bMex$105.1b7.7x10.1x3.1x
Sat, 27 Sep 2025Mex$1.1tMex$343.2bMex$107.7b8.2x10.3x3.2x
Mon, 25 Aug 2025Mex$1.1tMex$343.2bMex$107.7b7.7x9.8x3.1x
Wed, 23 Jul 2025Mex$1.0tMex$338.0bMex$104.4b7.4x9.9x3x
Fri, 20 Jun 2025Mex$1.1tMex$339.0bMex$105.4b8x10x3.1x
Sun, 18 May 2025Mex$1.1tMex$339.0bMex$105.4b8.1x10.4x3.2x
Tue, 15 Apr 2025Mex$972.3bMex$327.9bMex$102.7b6.8x9.5x3x
Thu, 13 Mar 2025Mex$970.4bMex$328.0bMex$102.7b7x9.4x3x
Sat, 08 Feb 2025Mex$969.4bMex$320.2bMex$115.1b7.3x8.4x3x
Mon, 06 Jan 2025Mex$932.3bMex$320.1bMex$115.9b7.1x8x2.9x
Wed, 04 Dec 2024Mex$955.8bMex$320.1bMex$115.9b7.3x8.2x3x
Fri, 01 Nov 2024Mex$881.3bMex$223.3bMex$114.6b6.7x7.7x3.9x
Sun, 29 Sep 2024Mex$1.1tMex$310.0bMex$113.0b7.4x9.7x3.5x
Tue, 27 Aug 2024Mex$1.1tMex$310.0bMex$113.0b7.1x9.7x3.6x
Thu, 25 Jul 2024Mex$1.2tMex$304.7bMex$117.7b7.7x9.9x3.8x
Sat, 22 Jun 2024Mex$1.1tMex$299.7bMex$113.9b8.1x10.1x3.8x
Mon, 20 May 2024Mex$1.3tMex$299.9bMex$108.3b9.3x11.9x4.3x
Wed, 17 Apr 2024Mex$1.2tMex$296.4bMex$106.1b9.5x11.1x4x
Fri, 15 Mar 2024Mex$1.3tMex$302.6bMex$106.8b9.6x12.4x4.4x
Sun, 11 Feb 2024Mex$1.2tMex$294.7bMex$106.8b10.1x11.7x4.2x
Tue, 09 Jan 2024Mex$1.4tMex$380.2bMex$132.7b9.1x10.7x3.7x
Thu, 07 Dec 2023Mex$1.4tMex$380.2bMex$132.7b8.3x10.3x3.6x
Sat, 04 Nov 2023Mex$1.2tMex$371.6bMex$130.4b7.4x9.1x3.2x
Mon, 02 Oct 2023Mex$1.1tMex$362.8bMex$123.8b7.7x9.2x3.2x
Wed, 30 Aug 2023Mex$1.2tMex$362.8bMex$123.8b8x9.4x3.2x
Fri, 28 Jul 2023Mex$1.2tMex$361.0bMex$122.9b8.5x10.1x3.4x
Price to Earnings Ratio

10.1x


Total Market Cap: Mex$1.2tTotal Earnings: Mex$122.9bTotal Revenue: Mex$361.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Banks Industry Price to Earnings3Y Average 9.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Mexican Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 8.7x which is lower than its 3-year average PE of 9.7x.
  • The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have declined 2.7% per year over the last three years,
  • Revenues have also declined 14% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

MX Market0.015%
Financials-1.48%
Banks-1.71%
Regional Banks-0.52%
Diversified Banks-1.93%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 13.7x.
    • Analysts are expecting annual earnings growth of 7.7%, which is lower than the prior year's growth of 88.8% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 9.3x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 7.7% over the next 5 years.
  • In contrast, the Diversified 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$57.471.3%
+Mex$856.8m		35.3%PB1.4x
GFINBUR O Grupo Financiero Inbursa. deMex$42.040.1%
+Mex$240.2m		-14.1%PB0.9x

Latest News

GFNORTE O
Mex$179.98
Grupo Financiero Banorte. de
7D
-3.3%
1Y
12.8%
R A
Mex$127.23
Regional. de
7D
-1.9%
1Y
-8.9%
BBAJIO O
Mex$57.47
Banco del Bajío Institución de Banca Múltiple
7D
1.3%
1Y
35.3%
Narrative Update • Jun 12

BBAJIO O: Fine-Tuned Assumptions Will Support A More Optimistic Outlook

Analysts have kept their MX$61.58 price target for Banco del Bajío Institución de Banca Múltiple broadly unchanged, citing only fine tuning to the discount rate, revenue growth outlook, profit margin assumptions and future P/E inputs in their valuation work. What's in the News No recent company specific news items were identified from the provided sources for Banco del Bajío Institución de Banca Múltiple.
GFINBUR O
Mex$42.04
Grupo Financiero Inbursa. de
7D
0.1%
1Y
-14.1%