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Mexican (IPC) Banks Industry Analysis
UpdatedJan 15, 2026
DataAggregated Company Financials
Companies5
- 7D2.9%
- 3M-2.5%
- 1Y6.3%
- YTD2.7%
In the last week, the Banks industry is up 2.9%, with all of the companies up. In the last 12 months, the industry was up 6.3%. As for the next few years, earnings are expected to grow by 6.2% per annum.
Industry Valuation and Performance
Has the Mexican Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 15 Jan 2026 | Mex$954.6b | Mex$229.7b | Mex$113.5b | 7.8x | 8.4x | 4.2x |
| Sat, 13 Dec 2025 | Mex$1.1t | Mex$344.2b | Mex$108.7b | 7.6x | 9.7x | 3.1x |
| Mon, 10 Nov 2025 | Mex$1.1t | Mex$344.2b | Mex$108.7b | 7.6x | 9.7x | 3.1x |
| Wed, 08 Oct 2025 | Mex$1.1t | Mex$343.2b | Mex$107.7b | 8.1x | 10x | 3.1x |
| Fri, 05 Sep 2025 | Mex$1.1t | Mex$343.2b | Mex$107.7b | 7.8x | 10.1x | 3.2x |
| Sun, 03 Aug 2025 | Mex$1.1t | Mex$343.2b | Mex$107.7b | 7.6x | 9.9x | 3.1x |
| Tue, 01 Jul 2025 | Mex$1.1t | Mex$339.0b | Mex$105.4b | 8x | 10.1x | 3.2x |
| Thu, 29 May 2025 | Mex$1.1t | Mex$339.0b | Mex$105.4b | 8.2x | 10.5x | 3.3x |
| Sat, 26 Apr 2025 | Mex$1.1t | Mex$330.9b | Mex$103.8b | 7.7x | 10.4x | 3.3x |
| Mon, 24 Mar 2025 | Mex$987.2b | Mex$328.0b | Mex$102.7b | 7.2x | 9.6x | 3x |
| Wed, 19 Feb 2025 | Mex$1.0t | Mex$320.2b | Mex$115.1b | 7.9x | 8.9x | 3.2x |
| Fri, 17 Jan 2025 | Mex$966.0b | Mex$320.1b | Mex$115.9b | 7.3x | 8.3x | 3x |
| Sun, 15 Dec 2024 | Mex$1.0t | Mex$320.1b | Mex$115.9b | 7.4x | 8.7x | 3.2x |
| Tue, 12 Nov 2024 | Mex$894.1b | Mex$223.7b | Mex$114.6b | 6.8x | 7.8x | 4x |
| Thu, 10 Oct 2024 | Mex$1.1t | Mex$310.0b | Mex$113.0b | 7.9x | 10x | 3.7x |
| Sat, 07 Sep 2024 | Mex$1.1t | Mex$310.0b | Mex$113.0b | 7.2x | 9.5x | 3.5x |
| Mon, 05 Aug 2024 | Mex$1.1t | Mex$310.0b | Mex$113.0b | 7.1x | 9.6x | 3.5x |
| Wed, 03 Jul 2024 | Mex$1.1t | Mex$299.7b | Mex$113.9b | 7.8x | 10.1x | 3.8x |
| Fri, 31 May 2024 | Mex$1.2t | Mex$299.7b | Mex$113.9b | 8.3x | 10.6x | 4x |
| Sun, 28 Apr 2024 | Mex$1.2t | Mex$299.3b | Mex$107.7b | 9.3x | 10.8x | 3.9x |
| Tue, 26 Mar 2024 | Mex$1.3t | Mex$302.6b | Mex$106.8b | 9.4x | 12.2x | 4.3x |
| Thu, 22 Feb 2024 | Mex$1.3t | Mex$294.7b | Mex$106.8b | 10.1x | 11.9x | 4.3x |
| Sat, 20 Jan 2024 | Mex$1.4t | Mex$384.3b | Mex$134.2b | 8.6x | 10.4x | 3.6x |
| Mon, 18 Dec 2023 | Mex$1.4t | Mex$380.2b | Mex$132.7b | 9x | 10.7x | 3.7x |
| Wed, 15 Nov 2023 | Mex$1.2t | Mex$371.6b | Mex$130.4b | 8.1x | 9.3x | 3.3x |
| Fri, 13 Oct 2023 | Mex$1.2t | Mex$362.8b | Mex$123.8b | 8.2x | 9.6x | 3.3x |
| Sun, 10 Sep 2023 | Mex$1.1t | Mex$362.8b | Mex$123.8b | 7.7x | 9.2x | 3.1x |
| Tue, 08 Aug 2023 | Mex$1.2t | Mex$362.8b | Mex$123.8b | 8.3x | 9.8x | 3.3x |
| Thu, 06 Jul 2023 | Mex$1.2t | Mex$352.1b | Mex$113.3b | 7.5x | 10.4x | 3.3x |
| Sat, 03 Jun 2023 | Mex$1.2t | Mex$352.1b | Mex$113.3b | 7.8x | 10.4x | 3.3x |
| Mon, 01 May 2023 | Mex$1.2t | Mex$352.1b | Mex$113.3b | 8.1x | 10.9x | 3.5x |
| Wed, 29 Mar 2023 | Mex$1.1t | Mex$338.5b | Mex$100.5b | 9x | 11.3x | 3.3x |
| Fri, 24 Feb 2023 | Mex$1.2t | Mex$421.4b | Mex$102.8b | 9.8x | 11.6x | 2.8x |
| Sun, 22 Jan 2023 | Mex$1.2t | Mex$330.5b | Mex$96.3b | 10.3x | 12.5x | 3.6x |
Price to Earnings Ratio
12.5x
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 8.4x which is lower than its 3-year average PE of 10.1x.
- The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 5.6% per year over the last three years.
- Meanwhile revenues for these companies have declined 11% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Mexican Financials industry?
| MX Market | 3.18% | |
| Financials | 2.26% | |
| Banks | 2.90% | |
| Diversified Banks | 3.34% | |
| Regional Banks | 0.78% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry, which is trading close to its 3-year average PE ratio of 13.1x.
- Analysts are expecting annual earnings growth of 5.8%, which is lower than the prior year's growth of 89.5% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 9.8x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 6.2% over the next 5 years.
- This is better than its past earnings decline of 7.9% per year.
- In contrast, the Regional Banks industry is expected to see its earnings grow by 5.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GFNORTE O Grupo Financiero Banorte. de | Mex$178.64 | 5.4% +Mex$25.6b | 21.9% | PB1.9x | |
| R A Regional. de | Mex$143.94 | 2.7% +Mex$1.3b | 11.9% | PB1.3x | |
| BBAJIO O Banco del Bajío Institución de Banca Múltiple | Mex$46.71 | 2.1% +Mex$1.2b | 1.7% | PB1.2x | |
| GFINBUR O Grupo Financiero Inbursa. de | Mex$44.70 | 0.07% +Mex$92.6m | 1.4% | PB1x |