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Mexican (IPC) Industrials Sector Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies15
  • 7D-3.8%
  • 3M6.8%
  • 1Y16.2%
  • YTD5.0%

Over the last 7 days, the Industrials industry has dropped 3.8%, driven by a pullback from Grupo Aeroportuario del Pacífico. de of 7.2%. Over the past 12 months, the industry was up 16%. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Mar 2026Mex$1.2tMex$520.4bMex$58.2b18.4x20.2x2.3x
Thu, 29 Jan 2026Mex$1.2tMex$526.5bMex$61.4b16.2x18.9x2.2x
Sat, 27 Dec 2025Mex$1.3tMex$584.6bMex$70.5b15.8x18.2x2.2x
Mon, 24 Nov 2025Mex$1.2tMex$586.4bMex$70.4b14.8x17x2x
Wed, 22 Oct 2025Mex$1.2tMex$583.5bMex$65.7b15.6x18.1x2x
Fri, 19 Sep 2025Mex$1.3tMex$584.7bMex$64.8b15x19.6x2.2x
Sun, 17 Aug 2025Mex$1.3tMex$585.7bMex$64.8b15.2x19.3x2.1x
Tue, 15 Jul 2025Mex$1.2tMex$573.6bMex$68.4b13.9x18x2.1x
Thu, 12 Jun 2025Mex$1.1tMex$550.4bMex$59.6b16.2x19x2.1x
Sat, 10 May 2025Mex$1.2tMex$575.5bMex$68.4b14.7x18.1x2.1x
Mon, 07 Apr 2025Mex$1.2tMex$736.1bMex$70.8b15.5x17.3x1.7x
Wed, 05 Mar 2025Mex$1.2tMex$741.9bMex$69.2b15.3x17.7x1.7x
Fri, 31 Jan 2025Mex$1.4tMex$889.4bMex$64.4b15.9x21.8x1.6x
Sun, 29 Dec 2024Mex$1.3tMex$884.9bMex$63.5b16.6x21.1x1.5x
Tue, 26 Nov 2024Mex$1.2tMex$857.0bMex$55.3b17.2x22.6x1.5x
Thu, 24 Oct 2024Mex$1.3tMex$861.2bMex$62.0b15.3x20.5x1.5x
Sat, 21 Sep 2024Mex$1.3tMex$861.5bMex$62.2b17.1x20.7x1.5x
Mon, 19 Aug 2024Mex$1.2tMex$859.0bMex$62.1b17.2x20x1.4x
Wed, 17 Jul 2024Mex$1.3tMex$860.9bMex$58.2b16.7x21.5x1.5x
Fri, 14 Jun 2024Mex$1.2tMex$832.0bMex$50.8b17.4x22.8x1.4x
Sun, 12 May 2024Mex$1.3tMex$854.0bMex$58.0b16.6x23.1x1.6x
Tue, 09 Apr 2024Mex$1.3tMex$863.4bMex$54.4b24.2x24.3x1.5x
Thu, 07 Mar 2024Mex$1.3tMex$864.6bMex$53.4b24.4x23.6x1.5x
Sat, 03 Feb 2024Mex$1.3tMex$910.4bMex$63.1b20.1x21.3x1.5x
Mon, 01 Jan 2024Mex$1.4tMex$909.6bMex$69.9b17.6x20.5x1.6x
Wed, 29 Nov 2023Mex$1.2tMex$910.1bMex$69.9b16.1x17.4x1.3x
Fri, 27 Oct 2023Mex$1.1tMex$911.9bMex$67.4b15.4x16.5x1.2x
Sun, 24 Sep 2023Mex$1.3tMex$939.3bMex$76.5b16.4x16.6x1.3x
Tue, 22 Aug 2023Mex$1.3tMex$938.7bMex$76.5b16x16.4x1.3x
Thu, 20 Jul 2023Mex$1.3tMex$951.5bMex$81.4b14.8x15.7x1.3x
Sat, 17 Jun 2023Mex$1.3tMex$952.5bMex$81.3b14.8x15.7x1.3x
Mon, 15 May 2023Mex$1.2tMex$954.3bMex$82.0b14.7x15x1.3x
Wed, 12 Apr 2023Mex$1.3tMex$939.7bMex$86.6b13.7x14.5x1.3x
Fri, 10 Mar 2023Mex$1.2tMex$927.7bMex$81.3b14.9x15.1x1.3x
Price to Earnings Ratio

15.1x


Total Market Cap: Mex$1.2tTotal Earnings: Mex$81.3bTotal Revenue: Mex$927.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Industrials Sector Price to Earnings3Y Average 19x202420252026
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 19.0x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 11% per year over the last three years,
  • Revenues have also declined 18% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

MX Market1.04%
Industrials-3.84%
Industrials2.42%
Transportation1.06%
Construction0%0
Commercial Services0%0
Trade Distributors-0.16%
Building-2.16%
Infrastructure-7.47%
Airlines-14.15%
Industry PE
  • Investors are most optimistic about the Industrials industry even though it's trading below its 3-year average PE ratio of 58.6x.
    • Analysts are expecting annual earnings growth of 13.3%, which is higher than its past year's earnings decline of 49.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 149% over the next 5 years.
  • In contrast, the Infrastructure 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
TRAXION A Grupo Traxión. deMex$13.574.3%
+Mex$303.7m		-22.7%PE15x

Latest News

TRAXION A
Mex$13.57
Grupo Traxión. de
7D
4.3%
1Y
-22.7%

TRAXION A: Revised Assumptions Will Support Future US Cargo Expansion

Analysts have trimmed their MX$ price target for Grupo Traxión from about MX$26.22 to around MX$24.44, reflecting updated views on slightly softer revenue growth, lower profit margins, and a higher expected future P/E multiple. Valuation Changes Fair Value: Trimmed from MX$26.22 to MX$24.44, a reduction of about 6.8% in the modelled estimate.
GCARSO A1
Mex$126.89
Grupo Carso. de
7D
-4.7%
1Y
8.0%

GCARSO A1: Higher Future P/E Will Threaten Returns Despite Stable Fundamentals

Analysts have lifted their price target for Grupo Carso to MX$115, with the change linked mainly to an updated future P/E assumption of 35.40, while keeping fair value, revenue growth, profit margin and discount rate broadly aligned with prior estimates. Valuation Changes Fair Value: MX$115 is unchanged between the prior and updated assessment.
GAP B
Mex$441.73
Grupo Aeroportuario del Pacífico. de
7D
-8.7%
1Y
14.4%

GAP B: Weather-Driven Traffic Shifts Will Shape Balanced Forward Outlook

Analysts have nudged their price target on Grupo Aeroportuario del Pacífico up by MX$4.00 to MX$488.87, reflecting updated views on revenue growth, profit margins, and a slightly adjusted discount rate and forward P/E assumptions. What's in the News Preliminary January 2026 figures show total terminal passengers of 5,521,700 compared with 5,646,100 a year earlier, with load factors moving from 83.9% to 79.7% as available seats increased 3.0% (company operating results).
OMA B
Mex$257.95
Grupo Aeroportuario del Centro Norte. de
7D
-8.8%
1Y
33.8%

OMA B: Fair Value View Will Test Traffic Trends And P/E Expectations

Analysts have nudged their price target on Grupo Aeroportuario del Centro Norte higher, adding MX$8 to reflect slightly higher fair value estimates and modestly stronger assumptions for revenue growth, profit margins and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts are comfortable lifting fair value estimates, which supports a higher price target and suggests they see room for the shares to better reflect their updated assumptions.
PINFRA *
Mex$282.60
Promotora y Operadora de Infraestructura S. A. B. de C. V
7D
-0.9%
1Y
39.1%
VOLAR A
Mex$13.78
Controladora Vuela Compañía de Aviación. de
7D
-15.7%
1Y
4.7%
ASUR B
Mex$616.64
Grupo Aeroportuario del Sureste S. A. B. de C. V
7D
-2.0%
1Y
12.9%
AGUA *
Mex$11.25
Grupo Rotoplas. de
7D
-10.1%
1Y
-9.1%

AGUA *: Higher Revenue Outlook And Rich P/E Multiple Will Support Upside Potential

Analysts have revised their fair value estimate for Grupo Rotoplas from MX$27.8 to MX$25.8. This change reflects updated views on discount rates, revenue growth, profit margins and the forward P/E multiple. Valuation Changes Fair Value: MX$25.8, revised from MX$27.8, indicating a slightly lower central estimate for the shares.