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Mexican (IPC) Metals and Mining Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies5
  • 7D-2.7%
  • 3M11.0%
  • 1Y83.7%
  • YTD7.9%

Over the last 7 days, the Metals and Mining industry has dropped 2.7%, driven by a pullback from Grupo México. de of 3.9%. Over the past 12 months, the industry was up 84%. As for the next few years, earnings are expected to grow by 3.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Mar 2026Mex$2.0tMex$534.1bMex$117.0b30.6x16.8x3.7x
Wed, 11 Feb 2026Mex$2.2tMex$498.8bMex$104.2b36.3x21.4x4.5x
Fri, 09 Jan 2026Mex$1.9tMex$495.8bMex$96.5b32.8x19.5x3.8x
Sun, 07 Dec 2025Mex$1.7tMex$500.8bMex$97.6b30.9x17.8x3.5x
Tue, 04 Nov 2025Mex$1.7tMex$508.6bMex$99.2b30.4x16.9x3.3x
Thu, 02 Oct 2025Mex$1.7tMex$493.2bMex$87.5b21.8x19x3.4x
Sat, 30 Aug 2025Mex$1.3tMex$500.3bMex$88.9b17.8x14.5x2.6x
Mon, 28 Jul 2025Mex$1.2tMex$493.6bMex$82.6b13.4x14.8x2.5x
Wed, 25 Jun 2025Mex$1.1tMex$504.0bMex$84.7b11.8x13.2x2.2x
Fri, 23 May 2025Mex$1.1tMex$511.7bMex$86.0b11.3x12.4x2.1x
Sun, 20 Apr 2025Mex$1.0tMex$505.1bMex$81.4b11x12.7x2x
Tue, 18 Mar 2025Mex$1.1tMex$509.8bMex$82.1b11.5x13x2.1x
Thu, 13 Feb 2025Mex$1.0tMex$504.9bMex$82.8b11x12.6x2.1x
Sat, 11 Jan 2025Mex$1.0tMex$509.1bMex$83.5b10.7x12.1x2x
Mon, 09 Dec 2024Mex$1.0tMex$497.1bMex$81.5b10.9x12.5x2x
Wed, 06 Nov 2024Mex$1.1tMex$494.8bMex$81.1b11.7x13x2.1x
Fri, 04 Oct 2024Mex$1.1tMex$465.5bMex$73.7b12.4x14.6x2.3x
Sun, 01 Sep 2024Mex$976.8bMex$472.5bMex$74.8b11.4x13.1x2.1x
Tue, 30 Jul 2024Mex$1.0tMex$447.9bMex$71.4b12.4x14x2.2x
Thu, 27 Jun 2024Mex$930.3bMex$426.7bMex$63.8b15.9x14.6x2.2x
Sat, 25 May 2024Mex$1.0tMex$392.5bMex$57.8b17.9x17.9x2.6x
Mon, 22 Apr 2024Mex$1.0tMex$411.9bMex$62.5b23.2x16.3x2.5x
Wed, 20 Mar 2024Mex$955.9bMex$418.9bMex$61.8b23.4x15.5x2.3x
Fri, 16 Feb 2024Mex$855.6bMex$422.0bMex$62.1b23.5x13.8x2x
Sun, 14 Jan 2024Mex$857.6bMex$424.4bMex$64.4b23.5x13.3x2x
Tue, 12 Dec 2023Mex$820.4bMex$435.6bMex$66.3b23.5x12.4x1.9x
Thu, 09 Nov 2023Mex$774.4bMex$438.8bMex$66.9b23.5x11.6x1.8x
Sat, 07 Oct 2023Mex$781.1bMex$444.8bMex$67.4b21.2x11.6x1.8x
Mon, 04 Sep 2023Mex$842.6bMex$423.5bMex$63.5b23.9x13.3x2x
Wed, 02 Aug 2023Mex$878.5bMex$417.7bMex$63.6b24.2x13.8x2.1x
Fri, 30 Jun 2023Mex$854.2bMex$427.7bMex$66.1b17.2x12.9x2x
Sun, 28 May 2023Mex$857.3bMex$438.0bMex$67.8b17.2x12.6x2x
Tue, 25 Apr 2023Mex$923.1bMex$450.0bMex$70.6b14.6x13.1x2.1x
Thu, 23 Mar 2023Mex$862.6bMex$461.6bMex$72.5b14x11.9x1.9x
Price to Earnings Ratio

11.9x


Total Market Cap: Mex$862.6bTotal Earnings: Mex$72.5bTotal Revenue: Mex$461.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Metals and Mining Industry Price to Earnings3Y Average 14.4x202420252026
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 16.8x which is higher than its 3-year average PE of 14.4x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 5.0% 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-1.89%
Materials-2.55%
Metals and Mining-2.72%
Steel1.04%
Precious Metals and Minerals-0.39%
Diversified Metals and Mining-3.42%
Industry PE
  • Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 30.5x.
    • 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 53.5x.
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$170.001.0%
+Mex$689.3m		-2.6%PE66.5x
AUTLAN B Compañía Minera Autlán. deMex$7.392.1%
+Mex$47.3m		17.1%PS0.4x

Latest News

PE&OLES *
Mex$909.11
Industrias Peñoles. de
7D
-0.5%
1Y
126.5%
AUTLAN B
Mex$7.39
Compañía Minera Autlán. de
7D
2.1%
1Y
17.1%
GMEXICO B
Mex$187.22
Grupo México. de
7D
-3.9%
1Y
79.0%

GMEXICO B: Downgrade Will Expose Rich Multiples To Execution And P/E Risk

Analysts have raised their MX$ fair value estimate for Grupo México from about MX$83.00 to roughly MX$89.95. They cite updated assumptions around discount rates, revenue growth, profit margins and future P/E levels.
ICH B
Mex$170.00
Industrias CH S. A. B. de C. V
7D
1.0%
1Y
-2.6%
MFRISCO A-1
Mex$11.57
Minera Frisco. de
7D
-6.6%
1Y
249.5%