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Mexican (IPC) Metals and Mining Industry Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies5
  • 7D-8.2%
  • 3M2.6%
  • 1Y70.9%
  • YTD-0.9%

Over the last 7 days, the Metals and Mining industry has dropped 8.2%, driven by Grupo México. de declining 7.5%. In the past year, the industry has gained 71%. Earnings are forecast to grow by 3.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Mar 2026Mex$1.8tMex$534.5bMex$117.0b25.5x15.4x3.4x
Tue, 17 Feb 2026Mex$2.2tMex$497.8bMex$104.0b35.2x20.9x4.4x
Thu, 15 Jan 2026Mex$2.0tMex$491.4bMex$95.6b34.2x21.2x4.1x
Sat, 13 Dec 2025Mex$1.8tMex$496.6bMex$96.7b31.7x18.5x3.6x
Mon, 10 Nov 2025Mex$1.7tMex$507.7bMex$99.0b29.9x16.7x3.3x
Wed, 08 Oct 2025Mex$1.5tMex$493.8bMex$87.6b20.5x17.2x3.1x
Fri, 05 Sep 2025Mex$1.4tMex$502.0bMex$89.2b19.1x15.2x2.7x
Sun, 03 Aug 2025Mex$1.2tMex$496.7bMex$82.4b16.1x14.7x2.4x
Tue, 01 Jul 2025Mex$1.2tMex$498.7bMex$83.9b12.7x14.1x2.4x
Thu, 29 May 2025Mex$1.1tMex$514.1bMex$86.4b11.6x12.6x2.1x
Sat, 26 Apr 2025Mex$1.1tMex$500.5bMex$80.7b11.7x13.3x2.1x
Mon, 24 Mar 2025Mex$1.1tMex$517.0bMex$83.3b11.4x12.6x2x
Wed, 19 Feb 2025Mex$1.0tMex$498.7bMex$81.8b11.4x12.8x2.1x
Fri, 17 Jan 2025Mex$1.0tMex$511.8bMex$84.0b10.7x12x2x
Sun, 15 Dec 2024Mex$1.1tMex$496.3bMex$81.4b11.4x12.9x2.1x
Tue, 12 Nov 2024Mex$1.0tMex$500.7bMex$82.1b11.2x12.7x2.1x
Thu, 10 Oct 2024Mex$1.0tMex$468.1bMex$74.1b12.3x14x2.2x
Sat, 07 Sep 2024Mex$968.2bMex$479.0bMex$75.9b11.1x12.8x2x
Mon, 05 Aug 2024Mex$995.0bMex$461.2bMex$72.4b11.8x13.7x2.2x
Wed, 03 Jul 2024Mex$978.7bMex$425.0bMex$63.5b15.9x15.4x2.3x
Fri, 31 May 2024Mex$1.0tMex$397.4bMex$59.1b15.4x17.4x2.6x
Sun, 28 Apr 2024Mex$1.0tMex$411.4bMex$61.5b23.5x17x2.5x
Tue, 26 Mar 2024Mex$951.5bMex$403.5bMex$61.9b29.9x15.4x2.4x
Thu, 22 Feb 2024Mex$861.4bMex$422.0bMex$62.1b23.4x13.9x2x
Sat, 20 Jan 2024Mex$828.2bMex$429.7bMex$65.3b23.2x12.7x1.9x
Mon, 18 Dec 2023Mex$882.0bMex$431.7bMex$65.7b21.4x13.4x2x
Wed, 15 Nov 2023Mex$753.7bMex$434.7bMex$66.2b23.8x11.4x1.7x
Fri, 13 Oct 2023Mex$793.9bMex$440.9bMex$66.7b23.1x11.9x1.8x
Sun, 10 Sep 2023Mex$838.7bMex$434.1bMex$65.3b23.7x12.8x1.9x
Tue, 08 Aug 2023Mex$860.6bMex$423.0bMex$63.4b24.5x13.6x2x
Thu, 06 Jul 2023Mex$861.5bMex$425.8bMex$65.7b17.2x13.1x2x
Sat, 03 Jun 2023Mex$855.5bMex$435.6bMex$67.4b17.2x12.7x2x
Mon, 01 May 2023Mex$908.8bMex$447.9bMex$69.3b14.5x13.1x2x
Wed, 29 Mar 2023Mex$888.6bMex$455.0bMex$71.4b14.2x12.4x2x
Price to Earnings Ratio

12.4x


Total Market Cap: Mex$888.6bTotal Earnings: Mex$71.4bTotal Revenue: Mex$455.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Metals and Mining Industry Price to Earnings3Y Average 14.4x202420252026
Current Industry PE
  • Investors are relatively neutral on the Mexican Metals and Mining 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 14.4x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 5.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

MX Market-1.85%
Materials-7.07%
Metals and Mining-8.22%
Steel2.24%
Diversified Metals and Mining-8.04%
Precious Metals and Minerals-11.06%
Industry PE
  • Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 31.6x.
    • Analysts are expecting annual earnings growth of 103.7%, which is higher than its past year's earnings decline of 89.0% per year.
  • Investors are most pessimistic about the Precious Metals and Minerals industry, which is trading below its 3-year average of 53.2x.
Forecasted Growth
  • Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 104% over the next 5 years.
  • This is better than its past earnings decline of 89% per year.
  • In contrast, the Diversified Metals and Mining industry is expected to see its earnings grow by 2.8% 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
ICH B Industrias CH S. A. B. de C. VMex$174.242.5%
+Mex$1.7b		0.3%PE68.2x

Latest News

GMEXICO B
Mex$173.21
Grupo México. de
7D
-7.5%
1Y
64.5%

GMEXICO B: Recalibrated Assumptions Will Support Upside Despite JPMorgan Downgrade

Analysts have adjusted their price target on Grupo México slightly higher to MX$235.32 from MX$234.88, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent research on Grupo México reflects a mix of views, with some investors focusing on risks highlighted in the latest downgrade from JPMorgan, while others point to potential upside tied to valuation, execution, and growth assumptions.
PE&OLES *
Mex$808.58
Industrias Peñoles. de
7D
-11.1%
1Y
127.3%
MFRISCO A-1
Mex$9.31
Minera Frisco. de
7D
-19.5%
1Y
190.9%
AUTLAN B
Mex$7.00
Compañía Minera Autlán. de
7D
-5.3%
1Y
14.9%
ICH B
Mex$174.24
Industrias CH S. A. B. de C. V
7D
2.5%
1Y
0.3%