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Mexican (IPC) Metals and Mining Industry Analysis

UpdatedJan 26, 2026
DataAggregated Company Financials
Companies5
  • 7D0.004%
  • 3M26.2%
  • 1Y101.1%
  • YTD13.5%

Last week, the Metals and Mining industry hasn't moved much but Minera Frisco. de is up 4.4% in that time. As for the the longer term, the industry is up 101% over the past 12 months. Earnings are forecast to grow by 9.8% annually.

Industry Valuation and Performance

Has the Mexican Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 26 Jan 2026Mex$2.1tMex$480.7bMex$93.3b35.3x22.1x4.3x
Wed, 24 Dec 2025Mex$1.9tMex$494.0bMex$96.1b33.5x19.5x3.8x
Fri, 21 Nov 2025Mex$1.6tMex$506.2bMex$98.7b29.9x16.1x3.1x
Sun, 19 Oct 2025Mex$1.6tMex$493.5bMex$87.6b21.2x18.3x3.2x
Tue, 16 Sep 2025Mex$1.5tMex$492.9bMex$87.5b20.8x16.9x3x
Thu, 14 Aug 2025Mex$1.3tMex$499.7bMex$88.7b17.2x14.8x2.6x
Sat, 12 Jul 2025Mex$1.2tMex$495.1bMex$83.3b13x14.3x2.4x
Mon, 09 Jun 2025Mex$1.1tMex$506.7bMex$85.2b11.9x13.3x2.2x
Wed, 07 May 2025Mex$1.1tMex$519.4bMex$88.8b11.3x12.2x2.1x
Fri, 04 Apr 2025Mex$1.0tMex$510.0bMex$82.2b11.1x12.6x2x
Sun, 02 Mar 2025Mex$970.5bMex$505.4bMex$85.2b10.2x11.4x1.9x
Tue, 28 Jan 2025Mex$1.0tMex$508.1bMex$83.4b10.9x12.3x2x
Thu, 26 Dec 2024Mex$979.7bMex$496.6bMex$81.5b10.6x12x2x
Sat, 23 Nov 2024Mex$1.0tMex$503.7bMex$82.6b10.8x12.5x2x
Mon, 21 Oct 2024Mex$1.1tMex$476.6bMex$75.5b12.4x14.3x2.3x
Wed, 18 Sep 2024Mex$1.0tMex$460.5bMex$72.8b12.1x13.8x2.2x
Fri, 16 Aug 2024Mex$1.0tMex$450.0bMex$71.1b13x14.3x2.3x
Sun, 14 Jul 2024Mex$1.1tMex$411.7bMex$61.4b15.8x17.5x2.6x
Tue, 11 Jun 2024Mex$944.0bMex$425.5bMex$63.6b15.9x14.8x2.2x
Thu, 09 May 2024Mex$1.0tMex$402.3bMex$58.6b20.1x17.3x2.5x
Sat, 06 Apr 2024Mex$1.0tMex$398.3bMex$60.2b23.9x16.8x2.5x
Mon, 04 Mar 2024Mex$837.7bMex$421.5bMex$62.0b23.6x13.5x2x
Wed, 31 Jan 2024Mex$897.6bMex$430.6bMex$65.5b23.7x13.7x2.1x
Fri, 29 Dec 2023Mex$929.5bMex$426.9bMex$64.8b23.8x14.3x2.2x
Sun, 26 Nov 2023Mex$786.7bMex$429.7bMex$65.3b23.8x12x1.8x
Tue, 24 Oct 2023Mex$767.5bMex$444.4bMex$67.3b22x11.4x1.7x
Thu, 21 Sep 2023Mex$834.1bMex$423.5bMex$63.5b22.8x13.1x2x
Sat, 19 Aug 2023Mex$821.1bMex$422.6bMex$63.4b24.1x13x1.9x
Mon, 17 Jul 2023Mex$873.9bMex$420.2bMex$64.8b17.2x13.5x2.1x
Wed, 14 Jun 2023Mex$862.0bMex$429.7bMex$66.4b17.2x13x2x
Fri, 12 May 2023Mex$836.9bMex$437.1bMex$68.9b17.2x12.2x1.9x
Sun, 09 Apr 2023Mex$878.3bMex$453.0bMex$71.1b14.1x12.4x1.9x
Tue, 07 Mar 2023Mex$875.2bMex$450.8bMex$70.7b13.2x12.4x1.9x
Thu, 02 Feb 2023Mex$882.9bMex$463.6bMex$71.6b10.8x12.3x1.9x
Price to Earnings Ratio

12.3x


Total Market Cap: Mex$882.9bTotal Earnings: Mex$71.6bTotal Revenue: Mex$463.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Metals and Mining Industry Price to Earnings3Y Average 14x202420252026
Current Industry PE
  • Investors are optimistic on the Mexican Metals and Mining industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 22.1x which is higher than its 3-year average PE of 14.0x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have grown 9.2% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Mexican Materials industry?

MX Market0.85%
Materials0.23%
Metals and Mining0.0036%
Steel3.07%
Precious Metals and Minerals0.84%
Diversified Metals and Mining-0.36%
Industry PE
  • Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 24.5x.
    • Analysts are expecting annual earnings growth of 79.8%, which is higher than its past year's earnings decline of 80.9% per year.
  • Investors are most pessimistic about the Diversified Metals and Mining industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 12.7x.
Forecasted Growth
  • Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 80% over the next 5 years.
  • This is better than its past earnings decline of 81% per year.
  • In contrast, the Diversified Metals and Mining industry is expected to see its earnings grow by 7.3% 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
PE&OLES * Industrias Peñoles. deMex$1.12k2.9%
+Mex$12.7b		303.4%PE27.9x
MFRISCO A-1 Minera Frisco. deMex$11.0516.7%
+Mex$9.6b		217.5%PE71.8x
ICH B Industrias CH S. A. B. de C. VMex$173.793.0%
+Mex$2.1b		1.7%PE43.8x

Latest News

MFRISCO A-1
Mex$11.05
Minera Frisco. de
7D
16.7%
1Y
217.5%
ICH B
Mex$173.79
Industrias CH S. A. B. de C. V
7D
3.0%
1Y
1.7%
GMEXICO B
Mex$199.40
Grupo México. de
7D
-0.1%
1Y
91.3%

GMEXICO B: Future Returns Will Depend On Vulnerable Elevated Copper Prices

Analysts have adjusted their price target for Grupo México, highlighting a slightly higher fair value that is supported by modest tweaks to assumptions for discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: updated from MX$156.32 to MX$163.93, reflecting a small upward adjustment in the implied valuation range.
PE&OLES *
Mex$1,117.12
Industrias Peñoles. de
7D
2.9%
1Y
303.4%
AUTLAN B
Mex$7.41
Compañía Minera Autlán. de
7D
-3.4%
1Y
11.6%