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Mexican (IPC) Industrials Sector Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies15
  • 7D2.7%
  • 3M5.5%
  • 1Y16.8%
  • YTD4.8%

Over the last 7 days, the Industrials industry has risen 2.7%, driven by gains from Grupo Carso. de of 6.9%. This means that the industry has gained 17% over the past year. Looking forward, earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Apr 2026Mex$1.2tMex$526.0bMex$56.3b17.7x20.8x2.2x
Mon, 02 Mar 2026Mex$1.2tMex$520.4bMex$58.2b18.4x20.2x2.3x
Wed, 28 Jan 2026Mex$1.2tMex$526.4bMex$61.4b16.1x18.9x2.2x
Fri, 26 Dec 2025Mex$1.3tMex$584.8bMex$70.4b15.8x18.2x2.2x
Sun, 23 Nov 2025Mex$1.2tMex$586.4bMex$70.4b14.8x17x2x
Tue, 21 Oct 2025Mex$1.2tMex$584.7bMex$64.8b15.6x18.6x2.1x
Thu, 18 Sep 2025Mex$1.3tMex$584.5bMex$64.8b14.8x19.5x2.2x
Sat, 16 Aug 2025Mex$1.2tMex$585.7bMex$64.8b15.2x19.1x2.1x
Mon, 14 Jul 2025Mex$1.2tMex$573.3bMex$68.4b13.6x18.1x2.2x
Wed, 11 Jun 2025Mex$1.1tMex$550.8bMex$59.6b16.2x19.1x2.1x
Fri, 09 May 2025Mex$1.2tMex$575.7bMex$68.4b14.4x18.2x2.2x
Sun, 06 Apr 2025Mex$1.2tMex$736.1bMex$70.8b15.5x17.3x1.7x
Tue, 04 Mar 2025Mex$1.2tMex$741.8bMex$69.2b15.1x17.9x1.7x
Thu, 30 Jan 2025Mex$1.4tMex$889.1bMex$64.4b16x21.8x1.6x
Sat, 28 Dec 2024Mex$1.3tMex$884.9bMex$63.5b16.6x21.1x1.5x
Mon, 25 Nov 2024Mex$1.2tMex$857.6bMex$55.3b17.4x22.6x1.5x
Wed, 23 Oct 2024Mex$1.3tMex$860.2bMex$61.7b15.6x20.7x1.5x
Fri, 20 Sep 2024Mex$1.3tMex$861.1bMex$62.2b16.8x20.5x1.5x
Sun, 18 Aug 2024Mex$1.2tMex$859.0bMex$62.1b17.2x20x1.4x
Tue, 16 Jul 2024Mex$1.3tMex$861.3bMex$58.3b16.7x21.6x1.5x
Thu, 13 Jun 2024Mex$1.2tMex$833.0bMex$50.8b17.3x23.2x1.4x
Sat, 11 May 2024Mex$1.3tMex$854.0bMex$58.0b16.8x23.1x1.6x
Mon, 08 Apr 2024Mex$1.3tMex$863.8bMex$54.4b24.3x24.3x1.5x
Wed, 06 Mar 2024Mex$1.3tMex$864.8bMex$53.4b24.5x23.5x1.5x
Fri, 02 Feb 2024Mex$1.3tMex$910.3bMex$64.1b18.3x20.8x1.5x
Sun, 31 Dec 2023Mex$1.4tMex$909.6bMex$69.9b17.6x20.5x1.6x
Tue, 28 Nov 2023Mex$1.2tMex$910.3bMex$69.9b16.4x17.4x1.3x
Thu, 26 Oct 2023Mex$1.1tMex$913.3bMex$69.2b15.4x16.1x1.2x
Sat, 23 Sep 2023Mex$1.3tMex$939.3bMex$76.5b16.6x16.7x1.4x
Mon, 21 Aug 2023Mex$1.3tMex$938.9bMex$76.5b16x16.4x1.3x
Wed, 19 Jul 2023Mex$1.3tMex$951.6bMex$81.4b14.8x15.5x1.3x
Fri, 16 Jun 2023Mex$1.3tMex$952.7bMex$81.3b14.8x15.6x1.3x
Sun, 14 May 2023Mex$1.2tMex$954.3bMex$82.0b14.7x15x1.3x
Tue, 11 Apr 2023Mex$1.2tMex$939.7bMex$86.6b13.7x14.2x1.3x
Price to Earnings Ratio

14.2x


Total Market Cap: Mex$1.2tTotal Earnings: Mex$86.6bTotal Revenue: Mex$939.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Industrials Sector Price to Earnings3Y Average 19.2x202420252026
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 19.2x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 13% 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 Market3.84%
Industrials2.71%
Industrials6.02%
Airlines3.56%
Infrastructure1.82%
Transportation1.62%
Building0.30%
Construction0%0
Trade Distributors0%0
Commercial Services0%0
Industry PE
  • Investors are most optimistic about the Industrials industry even though it's trading below its 3-year average PE ratio of 59.5x.
    • 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 85% over the next 5 years.
  • In contrast, the Infrastructure industry is expected to see its earnings grow by 7.7% 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
GCARSO A1 Grupo Carso. deMex$136.366.9%
+Mex$19.8b		10.8%PE42.2x
PINFRA * Promotora y Operadora de Infraestructura S. A. B. de C. VMex$298.625.6%
+Mex$6.8b		42.4%PE8.8x
ASUR B Grupo Aeroportuario del Sureste S. A. B. de C. VMex$613.482.8%
+Mex$5.0b		10.6%PE18.7x
VOLAR A Controladora Vuela Compañía de Aviación. deMex$13.083.6%
+Mex$516.8m		30.9%PS0.3x
GAP B Grupo Aeroportuario del Pacífico. deMex$442.190.09%
+Mex$202.1m		19.7%PE22.3x

Latest News

ASUR B
Mex$613.48
Grupo Aeroportuario del Sureste S. A. B. de C. V
7D
2.8%
1Y
10.6%
TRAXION A
Mex$13.21
Grupo Traxión. de
7D
1.6%
1Y
-15.9%

TRAXION A: Higher Required Return Will Shape Future Upside Potential

Narrative Update on Grupo Traxión Analysts have trimmed their price target on Grupo Traxión from MX$23.00 to MX$20.00, citing updated assumptions for revenue growth, profit margins, discount rate, and future P/E expectations. Analyst Commentary Bearish analysts reducing the price target on Grupo Traxión to MX$20.00 are signaling a more cautious stance on how the current business profile lines up with their valuation models.
GCARSO A1
Mex$136.36
Grupo Carso. de
7D
6.9%
1Y
10.8%

GCARSO A1: Stable Assumptions Will Sustain Downside Risk At Current Pricing

Analysts have maintained their MX$115.00 price target on Grupo Carso, with small adjustments to the discount rate, revenue growth, profit margin and forward P/E assumptions keeping their overall valuation view broadly unchanged. Valuation Changes Fair Value: MX$115.00 remains unchanged, so the headline valuation anchor is stable.
OMA B
Mex$257.01
Grupo Aeroportuario del Centro Norte. de
7D
-0.5%
1Y
30.0%

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

Analysts trimmed their price target on Grupo Aeroportuario del Centro Norte by roughly MX$3 to reflect a slightly higher discount rate, along with modest adjustments to long term profit margin and P/E expectations, even as revenue growth assumptions were updated higher in recent research. Analyst Commentary Street research on Grupo Aeroportuario del Centro Norte has recently focused on how to balance valuation, execution risk and growth expectations, with price targets being adjusted both higher and lower over a relatively short period.
AGUA *
Mex$11.99
Grupo Rotoplas. de
7D
2.0%
1Y
5.4%

AGUA *: Upcoming Extraordinary Meeting Will Provide Key Bullish Catalyst

Analysts have reset their price target for Grupo Rotoplas to MX$13.40 from MX$24.80, citing updated assumptions for growth, margins, discount rate and future P/E that point to a more conservative outlook for the shares. What's in the News Grupo Rotoplas S.A.B. de C.V. has scheduled a Special or Extraordinary Shareholders Meeting for March 26, 2026, giving investors a clear date to watch for potential corporate decisions that could affect the investment case.
VOLAR A
Mex$13.08
Controladora Vuela Compañía de Aviación. de
7D
3.6%
1Y
30.9%
KUO B
Mex$58.00
Kuo. de
7D
-3.3%
1Y
48.7%
GAP B
Mex$442.19
Grupo Aeroportuario del Pacífico. de
7D
0.09%
1Y
19.7%

GAP B: Weather And Index Inclusion Will Shape Forward Traffic Upside

Analysts have trimmed their average price target for Grupo Aeroportuario del Pacífico from MX$488.87 to MX$479.47, reflecting updated assumptions that include a slightly higher discount rate, a modestly lower future P/E and an adjusted view on profit margins. What's in the News Board meeting scheduled for February 23, 2026, to prepare the agenda for the annual ordinary general shareholders’ meeting on April 22, 2026, in Guadalajara and to address other business matters (company announcement).
PINFRA *
Mex$298.62
Promotora y Operadora de Infraestructura S. A. B. de C. V
7D
5.6%
1Y
42.4%