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Mexican (IPC) Banks Industry Analysis

UpdatedDec 03, 2023
DataAggregated Company Financials
  • 7D-1.8%
  • 3M6.0%
  • 1Y8.4%
  • YTD5.8%

Over the last 7 days, the Banks industry has dropped 1.8%, driven by declines from every company within the industry. In the past year, the industry has gained 8.5%. As for the next few years, earnings are expected to grow by 4.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 04 Dec 2023Mex$1.4tMex$380.2bMex$132.7b8.2x10.3x3.6x
Wed, 01 Nov 2023Mex$1.2tMex$371.6bMex$130.4b7.2x9x3.2x
Fri, 29 Sep 2023Mex$1.2tMex$362.8bMex$123.8b7.8x9.3x3.2x
Sun, 27 Aug 2023Mex$1.2tMex$362.8bMex$123.8b8x9.3x3.2x
Tue, 25 Jul 2023Mex$1.2tMex$355.1bMex$114.8b7.8x10.6x3.4x
Thu, 22 Jun 2023Mex$1.2tMex$352.1bMex$113.3b7.8x10.5x3.4x
Sat, 20 May 2023Mex$1.2tMex$352.1bMex$113.3b8.2x10.7x3.4x
Mon, 17 Apr 2023Mex$1.2tMex$336.8bMex$99.4b9.1x12x3.5x
Wed, 15 Mar 2023Mex$1.2tMex$419.0bMex$100.5b9.3x11.6x2.8x
Fri, 10 Feb 2023Mex$1.2tMex$341.1bMex$103.4b9.8x11.7x3.5x
Sun, 08 Jan 2023Mex$1.2tMex$330.5bMex$96.3b9.9x12.1x3.5x
Tue, 06 Dec 2022Mex$1.1tMex$330.5bMex$96.3b9.8x11.9x3.5x
Thu, 03 Nov 2022Mex$1.2tMex$324.4bMex$92.9b9.8x12.8x3.7x
Sat, 01 Oct 2022Mex$1.0tMex$317.3bMex$92.7b8.9x11.1x3.3x
Mon, 29 Aug 2022Mex$1.1tMex$317.3bMex$92.7b8.7x11.3x3.3x
Wed, 27 Jul 2022Mex$1.0tMex$308.6bMex$97.5b8.9x10.7x3.4x
Fri, 24 Jun 2022Mex$1.0tMex$304.4bMex$94.6b8.5x10.6x3.3x
Sun, 22 May 2022Mex$1.1tMex$304.4bMex$94.5b10.3x11.5x3.6x
Tue, 19 Apr 2022Mex$1.2tMex$288.0bMex$95.5b12x12.4x4.1x
Thu, 17 Mar 2022Mex$1.2tMex$288.0bMex$95.5b12.1x12.5x4.1x
Sat, 12 Feb 2022Mex$1.2tMex$281.5bMex$97.3b11.8x12x4.1x
Mon, 10 Jan 2022Mex$1.1tMex$275.1bMex$89.5b11.2x12.7x4.1x
Wed, 08 Dec 2021Mex$1.1tMex$275.1bMex$89.5b10.4x12.1x3.9x
Fri, 05 Nov 2021Mex$1.1tMex$275.2bMex$89.4b11.1x12.7x4.1x
Sun, 03 Oct 2021Mex$1.1tMex$268.7bMex$84.6b12x13.1x4.1x
Tue, 31 Aug 2021Mex$1.1tMex$268.7bMex$84.6b12x13.2x4.2x
Wed, 07 Jul 2021Mex$1.1tMex$268.7bMex$84.6b11.5x13.2x4.1x
Sat, 10 Apr 2021Mex$977.9bMex$260.9bMex$70.7b10.7x13.8x3.7x
Fri, 01 Jan 2021Mex$949.3bMex$259.6bMex$69.0b10.3x13.8x3.7x
Price to Earnings Ratio


Total Market Cap: Mex$917.0bTotal Earnings: Mex$71.0bTotal Revenue: Mex$264.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Banks Industry Price to Earnings3Y Average 12x202120222023
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 10.4x which is lower than its 3-year average PE of 12.0x.
  • The industry is trading close to its 3-year average PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 13% 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 industry?

MX Market1.21%
Regional Banks-0.66%
Diversified Banks-1.97%
Industry PE
  • Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 10.4x.
    • Analysts are expecting annual earnings growth of 9.7%, which is lower than the prior year's growth of 97.9% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 12.1x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 9.7% over the next 5 years.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 4.3% 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
No data available
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