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Mexican (IPC) Metals and Mining Industry Analysis

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies5
  • 7D3.8%
  • 3M3.3%
  • 1Y71.6%
  • YTD15.7%

Over the last 7 days, the Metals and Mining industry has remained flat, although notably Grupo México. de gained 4.4%. The past year has been better, since the industry has gained 68% in that time. Earnings are forecast to grow by 4.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jul 2026Mex$2.1tMex$575.4bMex$134.4b22.3x15.6x3.7x
Fri, 19 Jun 2026Mex$2.1tMex$574.2bMex$134.1b20.2x15.9x3.7x
Sun, 17 May 2026Mex$2.1tMex$573.6bMex$134.1b19x15.6x3.6x
Tue, 14 Apr 2026Mex$2.1tMex$516.7bMex$112.9b27.9x18.8x4.1x
Thu, 12 Mar 2026Mex$2.1tMex$525.5bMex$114.6b42.1x18.3x4x
Sat, 07 Feb 2026Mex$2.1tMex$500.4bMex$104.6b36.2x20.3x4.2x
Mon, 05 Jan 2026Mex$1.8tMex$494.0bMex$96.1b33.5x18.9x3.7x
Wed, 03 Dec 2025Mex$1.7tMex$503.4bMex$98.1b30.8x17.3x3.4x
Fri, 31 Oct 2025Mex$1.7tMex$509.0bMex$98.8b30.4x17.3x3.4x
Sun, 28 Sep 2025Mex$1.6tMex$492.9bMex$87.5b21.4x18.3x3.2x
Tue, 26 Aug 2025Mex$1.3tMex$500.9bMex$89.0b16.5x14.3x2.5x
Thu, 24 Jul 2025Mex$1.2tMex$493.3bMex$82.5b13.4x14.8x2.5x
Sat, 21 Jun 2025Mex$1.1tMex$508.3bMex$85.5b11.5x12.9x2.2x
Mon, 19 May 2025Mex$1.1tMex$514.7bMex$86.3b11.2x12.3x2.1x
Wed, 16 Apr 2025Mex$1.0tMex$514.5bMex$82.9b10.7x12.3x2x
Fri, 14 Mar 2025Mex$1.1tMex$513.8bMex$82.8b11.5x12.9x2.1x
Sun, 09 Feb 2025Mex$1.0tMex$504.9bMex$82.8b11.1x12.6x2.1x
Tue, 07 Jan 2025Mex$959.8bMex$500.3bMex$82.1b10.6x11.7x1.9x
Thu, 05 Dec 2024Mex$1.0tMex$499.4bMex$81.9b11.2x12.5x2.1x
Sat, 02 Nov 2024Mex$1.0tMex$499.5bMex$80.1b11.1x13x2.1x
Mon, 30 Sep 2024Mex$1.1tMex$472.8bMex$74.8b12.6x14.3x2.3x
Wed, 28 Aug 2024Mex$1.0tMex$472.8bMex$74.8b11.5x13.6x2.2x
Fri, 26 Jul 2024Mex$1.0tMex$443.9bMex$71.3b12.3x14x2.3x
Sun, 23 Jun 2024Mex$949.6bMex$422.1bMex$63.1b16x15.1x2.2x
Tue, 21 May 2024Mex$1.1tMex$389.6bMex$57.3b18x18.9x2.8x
Thu, 18 Apr 2024Mex$1.0tMex$408.9bMex$62.0b23.6x16.6x2.5x
Sat, 16 Mar 2024Mex$894.9bMex$416.7bMex$61.4b23.4x14.6x2.1x
Mon, 12 Feb 2024Mex$854.8bMex$422.8bMex$62.3b23.8x13.7x2x
Wed, 10 Jan 2024Mex$905.2bMex$426.6bMex$64.8b23.8x14x2.1x
Fri, 08 Dec 2023Mex$815.0bMex$437.2bMex$66.6b23.4x12.2x1.9x
Sun, 05 Nov 2023Mex$769.7bMex$437.0bMex$66.6b24.1x11.6x1.8x
Tue, 03 Oct 2023Mex$823.7bMex$435.4bMex$65.6b22x12.6x1.9x
Thu, 31 Aug 2023Mex$861.0bMex$416.8bMex$62.4b24x13.8x2.1x
Sat, 29 Jul 2023Mex$883.7bMex$411.2bMex$61.1b19.8x14.5x2.1x
Price to Earnings Ratio

14.5x


Total Market Cap: Mex$883.7bTotal Earnings: Mex$61.1bTotal Revenue: Mex$411.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Metals and Mining Industry Price to Earnings3Y Average 14.8x202420252026
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 14.8x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have grown 30% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Market0.94%
Materials2.41%
Metals and Mining3.75%
Diversified Metals and Mining4.13%
Precious Metals and Minerals2.67%
Steel-0.0085%
Industry PE
  • Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 46.0x.
    • Analysts are expecting annual earnings growth of 108.4%, which is higher than its past year's earnings decline of 85.8% per year.
  • Investors are most pessimistic about the Precious Metals and Minerals industry, which is trading below its 3-year average of 48.5x.
Forecasted Growth
  • Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 108% over the next 5 years.
  • This is better than its past earnings decline of 86% per year.
  • In contrast, the Precious Metals and Minerals industry is expected to see its earnings growth to stay flat 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$208.974.4%
+Mex$68.2b		75.6%PE16.5x
PE&OLES * Industrias Peñoles. deMex$797.142.7%
+Mex$8.2b		57.6%PE9.8x

Latest News

AUTLAN B
Mex$7.48
Compañía Minera Autlán. de
7D
-0.3%
1Y
5.4%
GMEXICO B
Mex$208.97
Grupo México. de
7D
4.4%
1Y
75.6%
Narrative Update • Jul 07

GMEXICO B: Recent Upgrade And Higher P/E Assumptions May Support Future Upside

Grupo México's updated analyst price target has moved to MX$284.97 from MX$235.53. This shift reflects analysts' refreshed views following recent target increases from several firms that cited revised assumptions for growth, profitability and future P/E levels.
MFRISCO A-1
Mex$13.68
Minera Frisco. de
7D
-0.5%
1Y
218.1%
PE&OLES *
Mex$797.14
Industrias Peñoles. de
7D
2.7%
1Y
57.6%