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Mexican (IPC) Industrials Sector Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies13
  • 7D-3.6%
  • 3M-4.6%
  • 1Y-5.7%
  • YTD-5.5%

Over the last 7 days, the Industrials industry has dropped 1.5%, driven by Grupo Carso. de declining 4.0%. The industry has fallen 3.7% in the last year. As for the next few years, earnings are expected to grow by 10% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026Mex$965.4bMex$491.0bMex$49.1b16x19.7x2x
Mon, 04 May 2026Mex$1.1tMex$519.1bMex$56.4b16.5x19.5x2.1x
Wed, 01 Apr 2026Mex$1.2tMex$526.2bMex$46.3b16.7x25.1x2.2x
Fri, 27 Feb 2026Mex$1.2tMex$520.4bMex$58.2b18.7x20.1x2.2x
Sun, 25 Jan 2026Mex$1.1tMex$527.1bMex$61.3b15.7x18.7x2.2x
Tue, 23 Dec 2025Mex$1.3tMex$584.9bMex$70.4b15.8x17.9x2.2x
Thu, 20 Nov 2025Mex$1.2tMex$586.0bMex$70.4b14.7x17x2x
Sat, 18 Oct 2025Mex$1.2tMex$584.7bMex$64.8b16x18.7x2.1x
Mon, 15 Sep 2025Mex$1.3tMex$584.9bMex$64.8b15.4x19.6x2.2x
Wed, 13 Aug 2025Mex$1.2tMex$585.3bMex$64.8b15.4x19.2x2.1x
Fri, 11 Jul 2025Mex$1.2tMex$573.2bMex$68.4b13.4x18.2x2.2x
Sun, 08 Jun 2025Mex$1.1tMex$550.9bMex$59.6b16.2x19.1x2.1x
Tue, 06 May 2025Mex$1.2tMex$575.1bMex$69.0b13.6x17.6x2.1x
Thu, 03 Apr 2025Mex$1.3tMex$736.1bMex$70.8b16.1x17.7x1.7x
Sat, 01 Mar 2025Mex$1.2tMex$740.8bMex$68.8b15.5x17.8x1.7x
Mon, 27 Jan 2025Mex$1.4tMex$884.7bMex$63.4b15.9x22.1x1.6x
Wed, 25 Dec 2024Mex$1.3tMex$884.4bMex$63.4b16.1x21.2x1.5x
Fri, 22 Nov 2024Mex$1.2tMex$857.3bMex$55.3b17.2x22.3x1.4x
Sun, 20 Oct 2024Mex$1.3tMex$859.1bMex$62.1b15.5x20.7x1.5x
Tue, 17 Sep 2024Mex$1.2tMex$861.0bMex$62.1b16.5x20.1x1.5x
Thu, 15 Aug 2024Mex$1.2tMex$859.6bMex$62.1b17.1x19.8x1.4x
Sat, 13 Jul 2024Mex$1.2tMex$860.8bMex$58.2b16.7x21.2x1.4x
Mon, 10 Jun 2024Mex$1.1tMex$831.7bMex$50.7b17.2x22.7x1.4x
Wed, 08 May 2024Mex$1.3tMex$854.8bMex$57.9b16.4x22.8x1.5x
Fri, 05 Apr 2024Mex$1.3tMex$864.2bMex$54.4b24x23.8x1.5x
Sun, 03 Mar 2024Mex$1.3tMex$865.1bMex$53.4b24.3x23.7x1.5x
Tue, 30 Jan 2024Mex$1.4tMex$911.3bMex$69.9b18.2x19.4x1.5x
Thu, 28 Dec 2023Mex$1.4tMex$909.4bMex$69.9b17.5x20.4x1.6x
Sat, 25 Nov 2023Mex$1.2tMex$910.1bMex$69.9b16.2x17.4x1.3x
Mon, 23 Oct 2023Mex$1.1tMex$936.5bMex$75.2b16x15.3x1.2x
Wed, 20 Sep 2023Mex$1.3tMex$938.9bMex$76.5b16.6x16.7x1.4x
Fri, 18 Aug 2023Mex$1.3tMex$939.1bMex$76.5b16.1x16.7x1.4x
Sun, 16 Jul 2023Mex$1.3tMex$951.6bMex$81.4b14.8x15.5x1.3x
Tue, 13 Jun 2023Mex$1.2tMex$953.2bMex$81.3b14.3x15.3x1.3x
Price to Earnings Ratio

15.3x


Total Market Cap: Mex$1.2tTotal Earnings: Mex$81.3bTotal Revenue: Mex$953.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Industrials Sector Price to Earnings3Y Average 19.6x202420252026
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 19.6x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 15% per year over the last three years,
  • Revenues have also declined 20% 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 Market-3.18%
Industrials-3.63%
Building0.037%
Trade Distributors0%0
Commercial Services0%0
Construction-0.15%
Transportation-0.85%
Infrastructure-3.02%
Industrials-5.17%
Airlines-5.80%
Industry PE
  • Investors are most optimistic about the Industrials industry even though it's trading below its 3-year average PE ratio of 61.4x.
    • Analysts are expecting annual earnings growth of 12.9%, which is higher than its past year's earnings decline of 40.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 68% over the next 5 years.
  • In contrast, the Infrastructure industry is expected to see its earnings grow by 7.0% 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
AGUA * Grupo Rotoplas. deMex$13.090.2%
+Mex$14.4m		-3.0%PE132.3x

Latest News

TRAXION A
Mex$10.51
Grupo Traxión. de
7D
-0.8%
1Y
-47.6%
Narrative Update • Jun 02

TRAXION A: Higher Future P E Assumptions Will Support Upside Potential

Analysts trimmed their fair value estimate for Grupo Traxión from MX$21.72 to MX$20.19, pointing to slightly softer modeled revenue growth, a marginally higher profit margin outlook, and a higher assumed future P/E multiple as key drivers of the updated price target. Analyst Commentary Recent research suggests that analysts are reassessing their expectations for Grupo Traxión, with at least one price target cut on record alongside the trimmed fair value estimate.
GAP B
Mex$400.44
Grupo Aeroportuario del Pacífico. de
7D
-1.9%
1Y
-12.6%
Narrative Update • May 30

GAP B: Recent Traffic Weakness Will Set Up Future Upside Potential

Analysts have nudged their price target for Grupo Aeroportuario del Pacífico slightly lower to MX$476.46 from MX$480.57, reflecting updated assumptions that combine a modestly adjusted revenue growth outlook with a slightly higher profit margin and a small change in the assumed forward P/E multiple. What's in the News April 2026 traffic update: Total Terminal Passengers were 5,113,400, compared with 5,531,000 in April 2025, with load factors moving from 80.8% to 81.5% for the month (company announcement of operating results).
VOLAR A
Mex$12.82
Controladora Vuela Compañía de Aviación. de
7D
-5.8%
1Y
37.6%
PINFRA *
Mex$267.08
Promotora y Operadora de Infraestructura S. A. B. de C. V
7D
-4.3%
1Y
22.4%
Analysis Article • May 25

Is Now The Time To Put Promotora y Operadora de Infraestructura S. A. B. de C. V (BMV:PINFRA) On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
AGUA *
Mex$13.09
Grupo Rotoplas. de
7D
0.2%
1Y
-3.0%
Narrative Update • May 24

AGUA *: Higher Margin Outlook Will Support A More Optimistic P/E Repricing

Analysts have lifted their fair value estimate for Grupo Rotoplas from MX$38.00 to MX$39.00, reflecting updated assumptions around discount rates, revenue growth, profit margins, and a lower future P/E multiple. What's in the News Grupo Rotoplas S.A.B. de C.V. has scheduled a Special and Extraordinary Shareholders Meeting for March 26, 2026, at Pedregal 24, 19th floor, Molino del Rey neighborhood, Miguel Hidalgo borough, ZIP code 11040, Mexico (Key Developments).
ASUR B
Mex$494.06
Grupo Aeroportuario del Sureste S. A. B. de C. V
7D
-3.9%
1Y
-20.1%
GCARSO A1
Mex$129.79
Grupo Carso. de
7D
-5.6%
1Y
2.0%
Narrative Update • May 18

GCARSO A1: Higher Growth Assumptions Will Sustain Overvaluation Risk Ahead

Analysts have reiterated a price target of MX$115.00 for Grupo Carso, with the latest update reflecting adjusted assumptions for revenue growth, profit margins, discount rate, and future P/E that leave the headline target unchanged while fine tuning the underlying valuation drivers. Valuation Changes Fair Value: MX$115.00 remains unchanged, with the revised model still pointing to MX$115.0. Discount Rate: fallen slightly from 15.02% to 14.84%, reflecting a modest adjustment to the required return used in the model.
OMA B
Mex$211.92
Grupo Aeroportuario del Centro Norte. de
7D
-2.8%
1Y
-14.6%
GMD *
Mex$6.69
Grupo Mexicano de Desarrollo
7D
-0.1%
1Y
n/a