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Mexican (IPC) Materials Sector Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies14
  • 7D6.6%
  • 3M20.3%
  • 1Y81.1%
  • YTD6.6%

In the last week, the Materials industry is up 6.6%, with Grupo México. de up 7.5%. During this same period, the Industrias CH S. A. B. de C. V underperformed, falling 5.6%. This takes the industry's 12 month performance to a gain of 81%. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026Mex$2.5tMex$1.1tMex$116.1b19x21.2x2.2x
Wed, 10 Dec 2025Mex$2.2tMex$1.3tMex$116.8b16.9x19.1x1.8x
Fri, 07 Nov 2025Mex$2.1tMex$1.3tMex$119.2b15.8x17.9x1.7x
Sun, 05 Oct 2025Mex$2.1tMex$1.3tMex$110.3b16x19.4x1.7x
Tue, 02 Sep 2025Mex$1.7tMex$1.1tMex$112.4b14.6x15.5x1.5x
Thu, 31 Jul 2025Mex$1.7tMex$1.1tMex$106.4b15x15.6x1.5x
Sat, 28 Jun 2025Mex$1.6tMex$1.2tMex$111.2b12.5x14.1x1.4x
Mon, 26 May 2025Mex$1.5tMex$1.2tMex$113.2b11.2x13.2x1.3x
Wed, 23 Apr 2025Mex$1.4tMex$1.2tMex$111.7b9.9x12.5x1.2x
Fri, 21 Mar 2025Mex$1.4tMex$1.2tMex$114.1b10.5x12.6x1.2x
Sun, 16 Feb 2025Mex$1.5tMex$1.2tMex$105.5b10.6x13.8x1.2x
Tue, 14 Jan 2025Mex$1.4tMex$1.2tMex$95.0b9.5x14.3x1.1x
Thu, 12 Dec 2024Mex$1.4tMex$1.2tMex$92.4b10.5x15.4x1.2x
Sat, 09 Nov 2024Mex$1.5tMex$1.2tMex$92.7b10.5x15.7x1.2x
Mon, 07 Oct 2024Mex$1.4tMex$1.1tMex$81.9b11.7x17.3x1.2x
Wed, 04 Sep 2024Mex$1.4tMex$1.2tMex$84.4b11x16.2x1.2x
Fri, 02 Aug 2024Mex$1.4tMex$1.1tMex$80.2b11.3x17.4x1.2x
Sun, 30 Jun 2024Mex$1.3tMex$1.1tMex$70.6b11.5x19x1.2x
Tue, 28 May 2024Mex$1.4tMex$1.0tMex$63.7b13.4x22.3x1.4x
Thu, 25 Apr 2024Mex$1.4tMex$1.0tMex$71.2b13.3x19.9x1.4x
Sat, 23 Mar 2024Mex$1.4tMex$1.0tMex$69.7b13.2x19.9x1.3x
Mon, 19 Feb 2024Mex$1.3tMex$1.1tMex$81.6b17.8x15.8x1.1x
Wed, 17 Jan 2024Mex$1.3tMex$1.1tMex$89.5b16.4x14.5x1.1x
Fri, 15 Dec 2023Mex$1.3tMex$1.1tMex$89.3b17x14.3x1.1x
Sun, 12 Nov 2023Mex$1.2tMex$1.2tMex$91.4b14.7x12.8x1x
Tue, 10 Oct 2023Mex$1.2tMex$1.2tMex$95.3b14.7x12.5x1x
Thu, 07 Sep 2023Mex$1.3tMex$1.2tMex$92.6b16.3x13.9x1.1x
Sat, 05 Aug 2023Mex$1.3tMex$1.2tMex$96.0b16.1x13.5x1.1x
Mon, 03 Jul 2023Mex$1.3tMex$1.2tMex$101.3b13.9x12.4x1.1x
Wed, 31 May 2023Mex$1.3tMex$1.2tMex$104.4b13.8x12x1.1x
Fri, 28 Apr 2023Mex$1.3tMex$1.2tMex$115.1b11.8x11.4x1.1x
Sun, 26 Mar 2023Mex$1.2tMex$1.2tMex$114.8b11.1x10.9x1x
Tue, 21 Feb 2023Mex$1.2tMex$1.2tMex$117.0b10.7x10.6x1x
Thu, 19 Jan 2023Mex$1.3tMex$1.3tMex$125.1b10.3x10x1x
Price to Earnings Ratio

10x


Total Market Cap: Mex$1.3tTotal Earnings: Mex$125.1bTotal Revenue: Mex$1.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Materials Sector Price to Earnings3Y Average 15.2x202420252026
Current Industry PE
  • Investors are optimistic on the Mexican Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 21.2x which is higher than its 3-year average PE of 15.2x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 2.2% per year over the last three years,
  • Revenues have also declined 3.5% 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 Materials sector?

MX Market2.10%
Materials6.59%
Paper and Forestry Products104.44%
Metals and Mining6.96%
Basic Materials5.96%
Packaging1.46%
Chemicals-0.049%
Industry PE
  • Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 13.9x.
    • Analysts are expecting annual earnings growth of 10.2%, which is lower than the prior year's growth of 20.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 76% over the next 5 years.
  • This is better than its past earnings decline of 81% per year.
  • In contrast, the Basic Materials industry is expected to see its earnings grow by 6.7% 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
GMEXICO B Grupo México. deMex$182.987.5%
+Mex$99.0b		79.0%PE18.2x
PE&OLES * Industrias Peñoles. deMex$987.308.8%
+Mex$31.7b		254.8%PE23.8x
CEMEX CPO CEMEX. deMex$22.368.1%
+Mex$24.3b		94.1%PE19.8x
ORBIA * Orbia Advance Corporation. deMex$16.505.7%
+Mex$1.7b		17.4%PS0.2x
GCC * GCC. deMex$186.282.9%
+Mex$1.7b		0.8%PE11.5x

Latest News

ALPEK A
Mex$9.00
ALPEK. de
7D
-5.9%
1Y
-33.5%

Be Wary Of ALPEK. de (BMV:ALPEKA) And Its Returns On Capital

Jan 10
Be Wary Of ALPEK. de (BMV:ALPEKA) And Its Returns On Capital
CEMEX CPO
Mex$22.36
CEMEX. de
7D
8.1%
1Y
94.1%

CEMEX CPO: Rich P/E Will Likely Cap Returns Despite Margin Outlook

Analysts have trimmed their price target for CEMEX.de to €17.08, reflecting slightly lower discount rate and future P/E assumptions, alongside modestly higher revenue growth and profit margin expectations in their updated models. What's in the News CEMEX, S.A.B. de C.V. held an Analyst/Investor Day, giving the market an updated look at its business priorities and financial framework (Key Developments).
ORBIA *
Mex$16.50
Orbia Advance Corporation. de
7D
5.7%
1Y
17.4%
PE&OLES *
Mex$987.30
Industrias Peñoles. de
7D
8.8%
1Y
254.8%
GMEXICO B
Mex$182.98
Grupo México. de
7D
7.5%
1Y
79.0%

GMEXICO B: Future Returns Will Rely On Persistently Elevated Copper Prices

Analysts have lifted their price target on Grupo México to about MXN 156 from roughly MXN 150, reflecting updated views on fair value, revenue growth, profit margins, and expected P/E in light of recent research indicating stronger precious metal and copper pricing. Analyst Commentary Bullish Takeaways Bullish analysts see room for upside in the shares, with recent price targets in the MXN 150 to MXN 158 range, which they view as better aligned with current sector conditions.
GCC *
Mex$186.28
GCC. de
7D
2.9%
1Y
0.8%

GCC *: Future Earnings Quality Will Support Share Price Upside Potential

Analysts have fine tuned their view on GCC.de, with a modest uplift in the price target to €228.12 as small adjustments to the discount rate and forward P/E assumptions filter into their models. Valuation Changes Fair Value: Price target held steady at €228.12, reflecting only technical adjustments elsewhere in the model.
CONVER A
Mex$1.95
Convertidora Industrial. de
7D
-5.3%
1Y
-2.5%
TEAK CPO
Mex$0.18
Proteak Uno. de
7D
104.4%
1Y
-68.8%
MFRISCO A-1
Mex$9.08
Minera Frisco. de
7D
-0.5%
1Y
142.8%

Why We Like The Returns At Minera Frisco. de (BMV:MFRISCOA-1)

Nov 29
Why We Like The Returns At Minera Frisco. de (BMV:MFRISCOA-1)
VITRO A
Mex$6.00
Vitro. de
7D
1.9%
1Y
-29.4%

We Like The Quality Of Vitro. de's (BMV:VITROA) Earnings

Nov 06
We Like The Quality Of Vitro. de's (BMV:VITROA) Earnings
ICH B
Mex$168.77
Industrias CH S. A. B. de C. V
7D
-5.6%
1Y
-3.6%
CMOCTEZ *
Mex$81.41
Corporación Moctezuma. de
7D
-0.7%
1Y
16.0%
CYDSASA A
Mex$16.95
Cydsa. de
7D
-5.8%
1Y
0.2%
AUTLAN B
Mex$7.69
Compañía Minera Autlán. de
7D
4.9%
1Y
15.3%