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Mexican (IPC) Metals and Mining Industry Analysis

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies5
  • 7D-2.1%
  • 3M9.5%
  • 1Y89.1%
  • YTD87.4%

Over the last 7 days, the Metals and Mining industry has dropped 2.1%, driven by Grupo México. de declining 2.5%. In the past year, the industry has gained 89%. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 02 Jan 2026Mex$1.8tMex$496.6bMex$96.7b34.1x18.9x3.7x
Sun, 30 Nov 2025Mex$1.7tMex$503.8bMex$98.2b30.6x17.1x3.3x
Tue, 28 Oct 2025Mex$1.6tMex$493.6bMex$87.4b20.9x18.7x3.3x
Thu, 25 Sep 2025Mex$1.5tMex$494.6bMex$87.8b20.8x17.5x3.1x
Sat, 23 Aug 2025Mex$1.3tMex$498.6bMex$88.5b17.2x14.8x2.6x
Mon, 21 Jul 2025Mex$1.2tMex$498.0bMex$83.3b12.8x14.3x2.4x
Wed, 18 Jun 2025Mex$1.1tMex$504.7bMex$84.9b11.8x13.3x2.2x
Fri, 16 May 2025Mex$1.1tMex$515.4bMex$86.4b11.2x12.4x2.1x
Sun, 13 Apr 2025Mex$993.7bMex$518.2bMex$83.5b10.4x11.9x1.9x
Tue, 11 Mar 2025Mex$1.0tMex$511.0bMex$84.7b10.5x11.9x2x
Thu, 06 Feb 2025Mex$1.0tMex$506.2bMex$83.1b10.7x12.3x2x
Sat, 04 Jan 2025Mex$978.5bMex$507.4bMex$83.2b10.2x11.8x1.9x
Mon, 02 Dec 2024Mex$982.3bMex$501.0bMex$82.2b10.4x12x2x
Wed, 30 Oct 2024Mex$1.1tMex$490.7bMex$74.5b12.1x14.3x2.2x
Fri, 27 Sep 2024Mex$1.1tMex$471.0bMex$74.6b12.8x14.1x2.2x
Sun, 25 Aug 2024Mex$1.0tMex$459.3bMex$72.6b12.4x14.1x2.2x
Tue, 23 Jul 2024Mex$1.0tMex$418.2bMex$62.4b15.8x16.1x2.4x
Thu, 20 Jun 2024Mex$938.5bMex$428.7bMex$64.1b15.9x14.6x2.2x
Sat, 18 May 2024Mex$1.0tMex$390.7bMex$57.5b18.1x17.8x2.6x
Mon, 15 Apr 2024Mex$1.0tMex$402.3bMex$60.9b23.7x17x2.6x
Wed, 13 Mar 2024Mex$847.5bMex$418.5bMex$61.8b23.2x13.7x2x
Fri, 09 Feb 2024Mex$890.6bMex$424.2bMex$62.5b23.6x14.3x2.1x
Sun, 07 Jan 2024Mex$895.8bMex$424.7bMex$64.5b23.8x13.9x2.1x
Tue, 05 Dec 2023Mex$818.3bMex$437.1bMex$66.6b24.6x12.3x1.9x
Thu, 02 Nov 2023Mex$752.7bMex$444.3bMex$67.8b24.3x11.1x1.7x
Sat, 30 Sep 2023Mex$824.8bMex$430.4bMex$64.7b22.6x12.7x1.9x
Mon, 28 Aug 2023Mex$832.8bMex$416.7bMex$62.4b24.2x13.4x2x
Wed, 26 Jul 2023Mex$867.8bMex$417.6bMex$62.8b19.8x13.8x2.1x
Fri, 23 Jun 2023Mex$865.0bMex$428.9bMex$66.3b17.2x13.1x2x
Sun, 21 May 2023Mex$843.1bMex$440.5bMex$68.3b17.2x12.4x1.9x
Tue, 18 Apr 2023Mex$945.1bMex$451.1bMex$70.8b14.7x13.4x2.1x
Thu, 16 Mar 2023Mex$833.9bMex$469.9bMex$73.9b13.8x11.3x1.8x
Sat, 11 Feb 2023Mex$844.3bMex$464.3bMex$71.7b10.5x11.8x1.8x
Mon, 09 Jan 2023Mex$836.8bMex$474.0bMex$73.9b10.1x11.3x1.8x
Price to Earnings Ratio

11.3x


Total Market Cap: Mex$836.8bTotal Earnings: Mex$73.9bTotal Revenue: Mex$474.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Metals and Mining Industry Price to Earnings3Y Average 13.8x202420252026
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 18.9x which is higher than its 3-year average PE of 13.8x.
  • The 3-year average PS ratio of 2.2x 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 9.4% 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 Market-1.42%
Materials-2.04%
Metals and Mining-2.07%
Steel3.59%
Precious Metals and Minerals-0.99%
Diversified Metals and Mining-2.64%
Industry PE
  • Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 22.8x.
    • 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 12.5x.
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 7.9% 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$179.953.5%
+Mex$2.4b		3.7%PE45.3x

Latest News

PE&OLES *
Mex$946.74
Industrias Peñoles. de
7D
-3.3%
1Y
242.3%
GMEXICO B
Mex$170.03
Grupo México. de
7D
-1.9%
1Y
74.9%

GMEXICO B Will Face Pressure From Project Delays Despite Higher Copper Prices

The analyst price target for Grupo México has been raised to approximately MXN 83 from about MXN 76, as analysts factor in higher long term copper and precious metal price assumptions, along with improved revenue growth expectations, despite a more conservative profit margin outlook. Analyst Commentary Recent Street research on Grupo México reflects a more balanced, and in some cases cautious, reassessment of the company’s risk reward profile.
MFRISCO A-1
Mex$8.86
Minera Frisco. de
7D
-4.6%
1Y
162.9%

Why We Like The Returns At Minera Frisco. de (BMV:MFRISCOA-1)

Nov 29
Why We Like The Returns At Minera Frisco. de (BMV:MFRISCOA-1)
ICH B
Mex$179.95
Industrias CH S. A. B. de C. V
7D
3.5%
1Y
3.7%
AUTLAN B
Mex$7.21
Compañía Minera Autlán. de
7D
-5.6%
1Y
8.4%