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Mexican (IPC) Financials Sector Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies23
  • 7D-0.5%
  • 3M5.4%
  • 1Y8.4%
  • YTD4.2%

The Financials industry has stayed flat over the last week. As for the the longer term, the industry is up 8.4% 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
Thu, 19 Mar 2026Mex$1.4tMex$556.2bMex$144.9b9.2x9.4x2.4x
Sat, 14 Feb 2026Mex$1.4tMex$595.1bMex$141.4b9.9x9.8x2.3x
Mon, 12 Jan 2026Mex$1.3tMex$545.1bMex$147.3b8.2x8.6x2.3x
Wed, 10 Dec 2025Mex$1.4tMex$663.7bMex$143.2b8.2x9.7x2.1x
Fri, 07 Nov 2025Mex$1.4tMex$663.7bMex$143.2b8.4x9.6x2.1x
Sun, 05 Oct 2025Mex$1.4tMex$650.8bMex$140.1b8.4x10.1x2.2x
Tue, 02 Sep 2025Mex$1.4tMex$645.6bMex$138.8b8.4x9.8x2.1x
Thu, 31 Jul 2025Mex$1.4tMex$641.1bMex$138.1b7.8x9.9x2.1x
Sat, 28 Jun 2025Mex$1.4tMex$623.5bMex$135.7b8.4x10.2x2.2x
Mon, 26 May 2025Mex$1.4tMex$581.6bMex$131.9b8.4x10.3x2.3x
Wed, 23 Apr 2025Mex$1.3tMex$564.3bMex$126.6b7.5x10x2.2x
Fri, 21 Mar 2025Mex$1.3tMex$584.9bMex$128.0b7.8x9.9x2.2x
Sun, 16 Feb 2025Mex$1.3tMex$570.1bMex$139.9b8.7x9.2x2.3x
Tue, 14 Jan 2025Mex$1.2tMex$566.8bMex$140.3b7.5x8.4x2.1x
Thu, 12 Dec 2024Mex$1.2tMex$566.8bMex$140.3b8.1x8.7x2.1x
Sat, 09 Nov 2024Mex$1.1tMex$470.4bMex$139.0b7.7x8.2x2.4x
Mon, 07 Oct 2024Mex$1.4tMex$564.7bMex$138.3b8.1x10.2x2.5x
Wed, 04 Sep 2024Mex$1.4tMex$564.7bMex$138.3b7.6x9.8x2.4x
Fri, 02 Aug 2024Mex$1.4tMex$565.3bMex$137.8b8x9.9x2.4x
Sun, 30 Jun 2024Mex$1.4tMex$538.7bMex$136.1b9.2x10.2x2.6x
Tue, 28 May 2024Mex$1.5tMex$525.0bMex$135.9b9.5x11x2.8x
Thu, 25 Apr 2024Mex$1.4tMex$519.3bMex$127.8b10.7x11.3x2.8x
Sat, 23 Mar 2024Mex$1.6tMex$520.5bMex$127.9b10.7x12.4x3x
Mon, 19 Feb 2024Mex$1.5tMex$513.3bMex$126.9b11.1x12x3x
Wed, 17 Jan 2024Mex$1.7tMex$628.0bMex$156.8b8.9x10.7x2.7x
Fri, 15 Dec 2023Mex$1.7tMex$628.0bMex$156.8b9x10.7x2.7x
Sun, 12 Nov 2023Mex$1.5tMex$618.9bMex$154.3b7.9x9.5x2.4x
Tue, 10 Oct 2023Mex$1.4tMex$602.0bMex$145.8b7.8x9.6x2.3x
Thu, 07 Sep 2023Mex$1.4tMex$602.0bMex$145.8b7.9x9.6x2.3x
Sat, 05 Aug 2023Mex$1.4tMex$602.1bMex$145.8b8.1x9.9x2.4x
Mon, 03 Jul 2023Mex$1.4tMex$588.2bMex$134.4b6.7x10.5x2.4x
Wed, 31 May 2023Mex$1.4tMex$587.3bMex$134.5b9.1x10.8x2.5x
Fri, 28 Apr 2023Mex$1.4tMex$483.2bMex$128.8b8.5x11.1x3x
Sun, 26 Mar 2023Mex$1.4tMex$562.8bMex$121.2b9.1x11.3x2.4x
Price to Earnings Ratio

11.3x


Total Market Cap: Mex$1.4tTotal Earnings: Mex$121.2bTotal Revenue: Mex$562.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Financials Sector Price to Earnings3Y Average 10.1x202420252026
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 10.1x.
  • 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 6.1% 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-1.42%
Financials-0.47%
Insurance0.40%
Diversified Financial0.011%
Consumer Finance-0.46%
Banks-0.54%
Capital Markets-0.61%
Mortgage REITs-2.19%
Industry PE
  • Investors are most optimistic about the Mortgage REITs industry which is trading above its 3-year average PE ratio of 11.7x.
    • 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 Insurance industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings decline of 0.2% per year.
  • In contrast, the 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
GFNORTE O Grupo Financiero Banorte. deMex$191.862.1%
+Mex$11.0b		27.6%PB2.1x
GENTERA * Gentera. deMex$49.165.0%
+Mex$3.7b		59.0%PE9.5x
BBAJIO O Banco del Bajío Institución de Banca MúltipleMex$51.735.9%
+Mex$3.4b		12.8%PB1.3x
Q * Quálitas Controladora. deMex$168.602.9%
+Mex$1.9b		-4.2%PE13.1x
GFINBUR O Grupo Financiero Inbursa. deMex$43.260.7%
+Mex$1.7b		-9.6%PB0.9x

Latest News

GFNORTE O
Mex$191.86
Grupo Financiero Banorte. de
7D
2.1%
1Y
27.6%

GFNORTE O: Data Center Upgrade And Margins Will Support Brighter Outlook

Analysts kept their MX$220.67 price target for Grupo Financiero Banorte, de steady, citing updated assumptions that now factor in a 13.26% revenue growth outlook, a 35.91% profit margin, a slightly lower discount rate, and a P/E of about 10.48x. What's in the News Banorte relocated its mainframe data center from Mexico City to Querétaro to reduce business risks linked to natural disasters and support its digital infrastructure (Key Developments).
R A
Mex$148.69
Regional. de
7D
3.1%
1Y
6.5%

R A: Future Upside Will Rely On Stable Margins And Returns

Analysts have maintained their MX$178.98 price target on Regional.de, noting only minor adjustments to inputs such as the discount rate and future P/E. These changes do not affect their overall valuation assessment.
BBAJIO O
Mex$51.73
Banco del Bajío Institución de Banca Múltiple
7D
5.9%
1Y
12.8%
BOLSA A
Mex$37.38
Bolsa Mexicana de Valores. de
7D
-0.2%
1Y
-1.9%

BOLSA A: Rating Reset Will Support Future P/E Repricing Opportunity

Narrative Update on Bolsa Mexicana de Valores Analysts now set a revised price target of MX$49.22 for Bolsa Mexicana de Valores, with the modest adjustment reflecting updated assumptions for discount rate, revenue growth, profit margins and future P/E following a mix of recent rating changes from major firms. Analyst Commentary Recent Street research on Bolsa Mexicana de Valores reflects a mixed but active view on the stock, with both an upgrade and a downgrade in a short period.
GENTERA *
Mex$49.16
Gentera. de
7D
5.0%
1Y
59.0%

Digital Expansion And Micro Insurance Will Support A Stronger Long Term Earnings Profile

Catalysts About Gentera. de Gentera provides working capital, consumer credit, savings, payments and insurance solutions to mass market clients in Mexico and Peru.
NEXT 25
Mex$95.09
Fideicomiso Irrevocable No. 7401
7D
0.09%
1Y
n/a
Q *
Mex$168.60
Quálitas Controladora. de
7D
2.9%
1Y
-4.2%
FHIPO 14
Mex$14.00
Fideicomiso Irrevocable F/2061 FHipo
7D
-3.4%
1Y
0.9%
ACTINVR B
Mex$21.75
Corporación Actinver S. A. B. de C. V
7D
-2.8%
1Y
17.6%
INVEX A
Mex$95.01
INVEX Controladora. de
7D
0.01%
1Y
n/a
GFINBUR O
Mex$43.26
Grupo Financiero Inbursa. de
7D
0.7%
1Y
-9.6%