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Mexican (IPC) Metals and Mining Industry Analysis

UpdatedJan 27, 2026
DataAggregated Company Financials
Companies5
  • 7D1.0%
  • 3M30.5%
  • 1Y110.1%
  • YTD17.6%

The Metals and Mining industry is up 1.0% in the last week, with Industrias Peñoles. de up 2.9%. This takes the industry's 12 month performance to a gain of 110%. As for the next few years, earnings are expected to grow by 9.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Jan 2026Mex$2.1tMex$480.5bMex$93.3b35.8x22.1x4.3x
Fri, 26 Dec 2025Mex$1.9tMex$495.0bMex$96.3b33.4x19.4x3.8x
Sun, 23 Nov 2025Mex$1.6tMex$508.4bMex$99.1b30x15.9x3.1x
Tue, 21 Oct 2025Mex$1.6tMex$493.8bMex$87.6b21.4x18.6x3.3x
Thu, 18 Sep 2025Mex$1.4tMex$491.8bMex$87.3b20x16.6x2.9x
Sat, 16 Aug 2025Mex$1.3tMex$502.1bMex$89.2b16.3x14.6x2.6x
Mon, 14 Jul 2025Mex$1.2tMex$495.6bMex$83.3b12.9x14.3x2.4x
Wed, 11 Jun 2025Mex$1.1tMex$505.8bMex$85.0b11.7x13.3x2.2x
Fri, 09 May 2025Mex$1.1tMex$516.4bMex$88.3b11x12x2.1x
Sun, 06 Apr 2025Mex$958.7bMex$522.5bMex$84.1b10x11.4x1.8x
Tue, 04 Mar 2025Mex$970.5bMex$509.4bMex$86.1b10.2x11.3x1.9x
Thu, 30 Jan 2025Mex$991.8bMex$504.7bMex$82.8b10.7x12x2x
Sat, 28 Dec 2024Mex$977.0bMex$500.4bMex$82.1b10.5x11.9x2x
Mon, 25 Nov 2024Mex$1.0tMex$503.7bMex$82.6b10.8x12.4x2x
Wed, 23 Oct 2024Mex$1.1tMex$478.0bMex$75.7b12.4x14.5x2.3x
Fri, 20 Sep 2024Mex$1.0tMex$463.9bMex$73.4b12.3x13.9x2.2x
Sun, 18 Aug 2024Mex$1.0tMex$449.7bMex$71.1b12.9x14.6x2.3x
Tue, 16 Jul 2024Mex$1.1tMex$414.6bMex$61.9b15.9x17.4x2.6x
Thu, 13 Jun 2024Mex$940.6bMex$435.2bMex$65.2b15.9x14.4x2.2x
Sat, 11 May 2024Mex$1.0tMex$394.4bMex$58.6b18.2x17.2x2.6x
Mon, 08 Apr 2024Mex$1.0tMex$398.3bMex$60.2b23.9x17.1x2.6x
Wed, 06 Mar 2024Mex$844.1bMex$420.1bMex$61.8b23.5x13.7x2x
Fri, 02 Feb 2024Mex$900.3bMex$429.1bMex$65.2b23.6x13.8x2.1x
Sun, 31 Dec 2023Mex$930.3bMex$426.9bMex$64.8b24x14.3x2.2x
Tue, 28 Nov 2023Mex$760.6bMex$431.1bMex$65.6b22.7x11.6x1.8x
Thu, 26 Oct 2023Mex$766.9bMex$447.6bMex$67.8b21.1x11.3x1.7x
Sat, 23 Sep 2023Mex$832.4bMex$425.3bMex$63.8b22.6x13x2x
Mon, 21 Aug 2023Mex$825.7bMex$422.6bMex$63.4b24.1x13x2x
Wed, 19 Jul 2023Mex$863.0bMex$420.5bMex$64.8b17.2x13.3x2.1x
Fri, 16 Jun 2023Mex$892.6bMex$427.8bMex$66.1b17.2x13.5x2.1x
Sun, 14 May 2023Mex$854.2bMex$437.0bMex$68.9b17.2x12.4x2x
Tue, 11 Apr 2023Mex$878.3bMex$453.8bMex$71.2b14.1x12.3x1.9x
Thu, 09 Mar 2023Mex$855.1bMex$450.1bMex$70.6b14x12.1x1.9x
Sat, 04 Feb 2023Mex$859.0bMex$470.6bMex$72.8b10.6x11.8x1.8x
Price to Earnings Ratio

11.8x


Total Market Cap: Mex$859.0bTotal Earnings: Mex$72.8bTotal Revenue: Mex$470.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Metals and Mining Industry Price to Earnings3Y Average 14.1x202420252026
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 Market0.91%
Materials0.86%
Metals and Mining1.02%
Precious Metals and Minerals2.95%
Steel2.80%
Diversified Metals and Mining0.43%
Industry PE
  • Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 24.6x.
    • 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
MFRISCO A-1 Minera Frisco. deMex$11.1617.5%
+Mex$10.0b		228.2%PE72.5x
GMEXICO B Grupo México. deMex$199.950.5%
+Mex$8.1b		97.2%PE20.8x
ICH B Industrias CH S. A. B. de C. VMex$172.992.5%
+Mex$1.7b		1.8%PE43.6x
AUTLAN B Compañía Minera Autlán. deMex$7.470.5%
+Mex$12.6m		12.7%PS0.4x

Latest News

MFRISCO A-1
Mex$11.16
Minera Frisco. de
7D
17.5%
1Y
228.2%
ICH B
Mex$172.99
Industrias CH S. A. B. de C. V
7D
2.5%
1Y
1.8%
GMEXICO B
Mex$199.95
Grupo México. de
7D
0.5%
1Y
97.2%

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$1,116.44
Industrias Peñoles. de
7D
-0.3%
1Y
301.1%
AUTLAN B
Mex$7.47
Compañía Minera Autlán. de
7D
0.5%
1Y
12.7%