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Mexican (IPC) Financials Sector Analysis

UpdatedMay 23, 2026
DataAggregated Company Financials
Companies22
  • 7D2.0%
  • 3M-5.1%
  • 1Y-3.5%
  • YTD3.4%

The Financials industry is up 1.1% in the last week, with Grupo Financiero Banorte. de up 3.6%. In the past year, the industry is down 4.5%. As for the next few years, earnings are expected to grow by 8.9% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 May 2026Mex$1.3tMex$527.0bMex$138.5b8.6x9.6x2.5x
Mon, 20 Apr 2026Mex$1.4tMex$556.4bMex$144.7b8.9x9.6x2.5x
Wed, 18 Mar 2026Mex$1.4tMex$556.2bMex$144.9b9.2x9.4x2.4x
Fri, 13 Feb 2026Mex$1.4tMex$595.1bMex$141.4b9.7x9.9x2.3x
Sun, 11 Jan 2026Mex$1.3tMex$545.1bMex$147.3b8.2x8.6x2.3x
Tue, 09 Dec 2025Mex$1.4tMex$663.7bMex$143.2b8.2x9.7x2.1x
Thu, 06 Nov 2025Mex$1.4tMex$663.1bMex$142.4b8.5x9.7x2.1x
Sat, 04 Oct 2025Mex$1.4tMex$650.8bMex$140.1b8.4x10.1x2.2x
Mon, 01 Sep 2025Mex$1.4tMex$645.6bMex$138.8b8.2x9.8x2.1x
Wed, 30 Jul 2025Mex$1.4tMex$641.0bMex$138.2b7.8x10x2.2x
Fri, 27 Jun 2025Mex$1.4tMex$623.5bMex$135.7b8.4x10.2x2.2x
Sun, 25 May 2025Mex$1.4tMex$581.6bMex$131.9b8.4x10.3x2.3x
Tue, 22 Apr 2025Mex$1.2tMex$564.2bMex$126.6b7.3x9.7x2.2x
Thu, 20 Mar 2025Mex$1.3tMex$584.9bMex$128.0b7.7x9.9x2.2x
Sat, 15 Feb 2025Mex$1.3tMex$569.2bMex$139.9b8.7x9.2x2.2x
Mon, 13 Jan 2025Mex$1.2tMex$566.8bMex$140.3b7.5x8.4x2.1x
Wed, 11 Dec 2024Mex$1.2tMex$566.8bMex$140.3b8.1x8.7x2.2x
Fri, 08 Nov 2024Mex$1.1tMex$470.4bMex$139.0b7.8x8.2x2.4x
Sun, 06 Oct 2024Mex$1.4tMex$564.7bMex$138.3b8.1x10.2x2.5x
Tue, 03 Sep 2024Mex$1.3tMex$564.7bMex$138.3b7.7x9.7x2.4x
Thu, 01 Aug 2024Mex$1.4tMex$565.3bMex$137.8b8x9.9x2.4x
Sat, 29 Jun 2024Mex$1.4tMex$538.7bMex$136.1b9.2x10.2x2.6x
Mon, 27 May 2024Mex$1.5tMex$525.0bMex$135.9b9.5x11x2.8x
Wed, 24 Apr 2024Mex$1.5tMex$518.8bMex$127.4b10.7x11.6x2.8x
Fri, 22 Mar 2024Mex$1.6tMex$520.5bMex$127.9b10.7x12.4x3x
Sun, 18 Feb 2024Mex$1.5tMex$513.3bMex$126.9b11.1x12x3x
Tue, 16 Jan 2024Mex$1.7tMex$628.0bMex$156.8b8.9x10.7x2.7x
Thu, 14 Dec 2023Mex$1.7tMex$628.0bMex$156.8b8.7x10.6x2.6x
Sat, 11 Nov 2023Mex$1.4tMex$618.9bMex$154.3b7.9x9.4x2.3x
Mon, 09 Oct 2023Mex$1.4tMex$602.0bMex$145.8b7.8x9.6x2.3x
Wed, 06 Sep 2023Mex$1.4tMex$602.0bMex$145.8b8x9.6x2.3x
Fri, 04 Aug 2023Mex$1.4tMex$602.1bMex$145.8b7.9x9.9x2.4x
Sun, 02 Jul 2023Mex$1.4tMex$588.2bMex$134.4b6.7x10.5x2.4x
Tue, 30 May 2023Mex$1.4tMex$587.3bMex$134.5b9.2x10.8x2.5x
Price to Earnings Ratio

10.8x


Total Market Cap: Mex$1.4tTotal Earnings: Mex$134.5bTotal Revenue: Mex$587.3bTotal 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 3.5% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

MX Market0.27%
Financials2.04%
Banks2.67%
Insurance2.44%
Capital Markets-0.056%
Diversified Financial-1.04%
Consumer Finance-1.97%
Mortgage REITs-6.87%
Industry PE
  • Investors are most optimistic about the Mortgage REITs industry which is trading above its 3-year average PE ratio of 16.3x.
    • 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 18% over the next 5 years.
  • This is better than its past earnings growth rate of 9.0% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 7.3% 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
GFNORTE O Grupo Financiero Banorte. deMex$190.753.5%
+Mex$18.1b		10.0%PB2x
GFINBUR O Grupo Financiero Inbursa. deMex$42.962.7%
+Mex$6.7b		-15.9%PB0.9x
Q * Quálitas Controladora. deMex$170.733.5%
+Mex$2.3b		-19.8%PE15x
BBAJIO O Banco del Bajío Institución de Banca MúltipleMex$55.401.4%
+Mex$928.1m		8.6%PB1.3x
R A Regional. deMex$140.490.9%
+Mex$416.5m		-8.3%PB1.3x

Latest News

FHIPO 14
Mex$13.95
Fideicomiso Irrevocable F/2061 FHipo
7D
-6.9%
1Y
1.1%
R A
Mex$140.49
Regional. de
7D
0.9%
1Y
-8.3%
Narrative Update • May 21

R A: Future P E Reset Will Support Bullish Re Rating

Analysts have revised their view on Regional, lowering the price target from MX$203.00 to MX$191.00 as they update their assumptions for growth, margins and the stock's future P/E multiple. Valuation Changes Fair Value: MX$203.00 to MX$191.00, reflecting a lower estimated value per share in the updated model.
GFNORTE O
Mex$190.75
Grupo Financiero Banorte. de
7D
3.5%
1Y
10.0%
Narrative Update • May 20

GFNORTE O: Data Center Relocation Will Support Higher Future Earnings Multiple

Analysts have kept their MX$220.87 price target for Grupo Financiero Banorte, de largely unchanged. This is supported by relatively stable fair value assumptions, along with slight adjustments to the discount rate, revenue growth, profit margin, and expected future P/E levels.
FINDEP *
Mex$7.80
Financiera Independencia. de SOFOM E.N.R
7D
-7.1%
1Y
-8.2%
GENTERA *
Mex$43.13
Gentera. de
7D
-1.8%
1Y
13.9%
Q *
Mex$170.73
Quálitas Controladora. de
7D
3.5%
1Y
-19.8%
BBAJIO O
Mex$55.40
Banco del Bajío Institución de Banca Múltiple
7D
1.4%
1Y
8.6%
Narrative Update • May 12

BBAJIO O: Higher Revenue Outlook And Lower P E Assumptions Signal Upside Potential

Analysts have nudged their price target for Banco del Bajío Institución de Banca Múltiple slightly higher to MX$61.87 from MX$61.66, reflecting updated assumptions for revenue growth, profit margins, and a lower expected future P/E multiple. Valuation Changes Fair Value: MX$61.66 adjusted marginally to MX$61.87, indicating a very small change in the modelled estimate.
ALTERNA B
Mex$1.62
Alterna Asesoría Internacional. de
7D
3.2%
1Y
8.0%
INVEX A
Mex$95.00
INVEX Controladora. de
7D
-1.0%
1Y
11.8%
ACTINVR B
Mex$21.66
Corporación Actinver S. A. B. de C. V
7D
-0.6%
1Y
15.8%
GBM O
Mex$16.70
Corporativo GBM. de
7D
1.2%
1Y
33.6%
GFINBUR O
Mex$42.96
Grupo Financiero Inbursa. de
7D
2.7%
1Y
-15.9%
BOLSA A
Mex$36.95
Bolsa Mexicana de Valores. de
7D
-1.0%
1Y
-13.9%
NEXT 25
Mex$96.92
Fideicomiso Irrevocable No. 7401
7D
0.6%
1Y
n/a