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Mexican (IPC) Industrials Sector Analysis

UpdatedJan 21, 2026
DataAggregated Company Financials
Companies15
  • 7D0.2%
  • 3M4.6%
  • 1Y10.7%
  • YTD0.6%

Over the last 7 days, the Industrials industry has remained flat, although notably Controladora Vuela Compañía de Aviación. de declined by 4.7%. As for the the longer term, the industry is up 11% over the past 12 months. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 22 Jan 2026Mex$1.3tMex$583.8bMex$70.5b15.4x17.8x2.1x
Sat, 20 Dec 2025Mex$1.2tMex$585.0bMex$70.4b15.4x17.6x2.1x
Mon, 17 Nov 2025Mex$1.2tMex$585.9bMex$70.4b14.7x17.1x2.1x
Wed, 15 Oct 2025Mex$1.2tMex$585.0bMex$64.8b15.4x18.7x2.1x
Fri, 12 Sep 2025Mex$1.3tMex$585.0bMex$64.8b15.4x19.7x2.2x
Sun, 10 Aug 2025Mex$1.2tMex$585.3bMex$64.8b15.4x19.1x2.1x
Tue, 08 Jul 2025Mex$1.2tMex$573.3bMex$68.4b14.1x17.8x2.1x
Thu, 05 Jun 2025Mex$1.1tMex$551.2bMex$59.6b16.1x19x2.1x
Sat, 03 May 2025Mex$1.2tMex$572.6bMex$68.8b13.6x17.6x2.1x
Mon, 31 Mar 2025Mex$1.2tMex$735.9bMex$70.8b15.8x17.4x1.7x
Wed, 26 Feb 2025Mex$1.4tMex$890.4bMex$62.6b15.5x22.6x1.6x
Fri, 24 Jan 2025Mex$1.4tMex$885.1bMex$63.5b15.5x21.9x1.6x
Sun, 22 Dec 2024Mex$1.3tMex$884.1bMex$63.4b16x21x1.5x
Tue, 19 Nov 2024Mex$1.2tMex$857.3bMex$55.3b17.5x22.2x1.4x
Thu, 17 Oct 2024Mex$1.3tMex$859.3bMex$62.1b15.3x20.5x1.5x
Sat, 14 Sep 2024Mex$1.3tMex$860.8bMex$62.1b16.5x20.1x1.5x
Mon, 12 Aug 2024Mex$1.2tMex$859.6bMex$62.1b16.5x19.5x1.4x
Wed, 10 Jul 2024Mex$1.2tMex$861.8bMex$58.3b16.5x21.1x1.4x
Fri, 07 Jun 2024Mex$1.2tMex$830.1bMex$50.7b17.3x23x1.4x
Sun, 05 May 2024Mex$1.3tMex$854.5bMex$58.2b16.5x22.5x1.5x
Tue, 02 Apr 2024Mex$1.3tMex$864.3bMex$54.4b24.5x23.8x1.5x
Thu, 29 Feb 2024Mex$1.3tMex$865.2bMex$53.5b24.4x24.1x1.5x
Sat, 27 Jan 2024Mex$1.3tMex$911.1bMex$69.9b18.4x19.1x1.5x
Mon, 25 Dec 2023Mex$1.4tMex$909.7bMex$69.9b17.1x20.2x1.6x
Wed, 22 Nov 2023Mex$1.2tMex$910.0bMex$69.9b16x17.3x1.3x
Fri, 20 Oct 2023Mex$1.2tMex$940.1bMex$75.9b14.8x15.2x1.2x
Sun, 17 Sep 2023Mex$1.3tMex$938.9bMex$76.5b16.9x16.9x1.4x
Tue, 15 Aug 2023Mex$1.3tMex$947.9bMex$76.5b16x16.4x1.3x
Thu, 13 Jul 2023Mex$1.3tMex$952.0bMex$81.4b14.8x15.5x1.3x
Sat, 10 Jun 2023Mex$1.2tMex$953.2bMex$81.3b14.4x15.4x1.3x
Mon, 08 May 2023Mex$1.2tMex$955.4bMex$81.8b14.3x14.9x1.3x
Wed, 05 Apr 2023Mex$1.2tMex$939.6bMex$86.6b13.9x14.4x1.3x
Fri, 03 Mar 2023Mex$1.2tMex$927.4bMex$81.2b14.7x15x1.3x
Sun, 29 Jan 2023Mex$1.2tMex$917.4bMex$73.5b15.7x16.9x1.4x
Price to Earnings Ratio

16.9x


Total Market Cap: Mex$1.2tTotal Earnings: Mex$73.5bTotal Revenue: Mex$917.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Industrials Sector Price to Earnings3Y Average 18.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the Mexican Industrials 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 18.8x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 14% 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 Industrials sector?

MX Market1.48%
Industrials0.19%
Infrastructure0.39%
Industrials0.36%
Building0.18%
Trade Distributors0%0
Commercial Services0%0
Construction-0.02%
Transportation-0.21%
Airlines-4.72%
Industry PE
  • Investors are most optimistic about the Industrials industry even though it's trading below its 3-year average PE ratio of 57.5x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 118% over the next 5 years.
  • In contrast, the Infrastructure industry is expected to see its earnings grow by 6.2% 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
GAP B Grupo Aeroportuario del Pacífico. deMex$484.203.7%
+Mex$8.7b		24.9%PE24.6x
OMA B Grupo Aeroportuario del Centro Norte. deMex$251.216.8%
+Mex$6.2b		24.3%PE18.3x
ASUR B Grupo Aeroportuario del Sureste S. A. B. de C. VMex$585.482.8%
+Mex$4.7b		4.6%PE15.7x
PINFRA * Promotora y Operadora de Infraestructura S. A. B. de C. VMex$265.640.1%
+Mex$163.2m		41.6%PE6.9x
AGUA * Grupo Rotoplas. deMex$11.891.2%
+Mex$67.6m		-32.9%PS0.5x

Latest News

GCARSO A1
Mex$120.58
Grupo Carso. de
7D
-1.5%
1Y
1.4%

Grupo Carso. de (BMV:GCARSOA1) Has A Somewhat Strained Balance Sheet

Jan 21
Grupo Carso. de (BMV:GCARSOA1) Has A Somewhat Strained Balance Sheet
TRAXION A
Mex$13.01
Grupo Traxión. de
7D
-2.6%
1Y
-23.1%

TRAXION A: Cross Border Cargo M&A Will Drive Future Upside

Analysts have trimmed their price target for Grupo Traxión, de, cutting their fair value estimate by about $1.26 per share as they factor in more moderate revenue expectations, slightly higher profit margins and a marginally lower future P/E multiple. What's in the News Management highlighted that Grupo Traxión, S.A.B. de C.V. is actively seeking M&A opportunities to expand its presence in the cross border cargo market, rather than focusing on building operations organically.
GAP B
Mex$484.20
Grupo Aeroportuario del Pacífico. de
7D
3.7%
1Y
24.9%

GAP B: Resilient Traffic And Index Adds Will Support Steady Outlook

Analysts have increased their price target for Grupo Aeroportuario del Pacífico from about MX$465.47 to MX$480.47, citing updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E levels. What's in the News Preliminary passenger traffic for December 2025 was 5,874,000 terminal passengers, with full-year 2025 terminal passengers reported at 63,685,700 compared with 62,156,300 a year earlier (company operating results).
AGUA *
Mex$11.89
Grupo Rotoplas. de
7D
1.2%
1Y
-32.9%

AGUA *: Higher Discount Rate Will Still Support Attractive Future P/E Potential

Analysts now see fair value for Grupo Rotoplas at $29.80, down from $33.13, reflecting updated assumptions for a higher discount rate, slightly lower revenue growth and profit margins, as well as a higher future P/E multiple. Valuation Changes Fair Value: revised from MX$33.13 to MX$29.80, representing a moderate reduction in the estimated value per share.
ASUR B
Mex$585.48
Grupo Aeroportuario del Sureste S. A. B. de C. V
7D
2.8%
1Y
4.6%

ASUR B: Rising Passenger Traffic Will Support Future Share Price Upside

Analysts have made a slight downward adjustment to their price target for Grupo Aeroportuario del Sureste S. A.
GMXT *
Mex$34.10
GMéxico Transportes. de
7D
-0.06%
1Y
10.6%

GMXT *: Fairly Priced Outlook Will Rely On Higher Margins And P/E

Analysts have raised their price target for GMéxico Transportes to $35.19 from $30.41, citing updated assumptions for revenue growth, profit margins and future P/E that slightly adjust the discount rate while still supporting a higher fair value estimate. Valuation Changes The fair value estimate was revised from MX$30.41 to MX$35.19, reflecting a higher assessed share valuation.
VOLAR A
Mex$15.61
Controladora Vuela Compañía de Aviación. de
7D
0.3%
1Y
-14.0%

Investors Will Want Controladora Vuela Compañía de Aviación. de's (BMV:VOLARA) Growth In ROCE To Persist

Jan 09
Investors Will Want Controladora Vuela Compañía de Aviación. de's (BMV:VOLARA) Growth In ROCE To Persist
OMA B
Mex$251.21
Grupo Aeroportuario del Centro Norte. de
7D
6.8%
1Y
24.3%

The Trend Of High Returns At Grupo Aeroportuario del Centro Norte. de (BMV:OMAB) Has Us Very Interested

Jan 07
The Trend Of High Returns At Grupo Aeroportuario del Centro Norte. de (BMV:OMAB) Has Us Very Interested
PINFRA *
Mex$265.64
Promotora y Operadora de Infraestructura S. A. B. de C. V
7D
0.1%
1Y
41.6%

Investors Should Be Encouraged By Promotora y Operadora de Infraestructura S. A. B. de C. V's (BMV:PINFRA) Returns On Capital

Dec 25
Investors Should Be Encouraged By Promotora y Operadora de Infraestructura S. A. B. de C. V's (BMV:PINFRA) Returns On Capital