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Mexican (IPC) Metals and Mining Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies5
  • 7D6.7%
  • 3M32.8%
  • 1Y110.0%
  • YTD21.3%

Over the last 7 days, the Metals and Mining industry has dropped 5.9%, driven by pullbacks in Industrias Peñoles. de and Grupo México. de of 12% and 3.4%, respectively. Over the past 12 months, the industry was up 106%. Looking forward, earnings are forecast to grow by 4.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 26 Jun 2023Mex$854.1bMex$429.0bMex$66.3b17.2x12.9x2x
Wed, 24 May 2023Mex$813.5bMex$445.1bMex$69.0b17.2x11.8x1.8x
Fri, 21 Apr 2023Mex$917.7bMex$450.6bMex$70.7b14.5x13x2x
Sun, 19 Mar 2023Mex$844.7bMex$469.3bMex$73.8b14.1x11.4x1.8x
Tue, 14 Feb 2023Mex$847.4bMex$463.1bMex$72.5b10.4x11.7x1.8x
Price to Earnings Ratio

11.7x


Total Market Cap: Mex$847.4bTotal Earnings: Mex$72.5bTotal Revenue: Mex$463.1bTotal 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 20.4x which is higher than its 3-year average PE of 14.1x.
  • 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 13% per year over the last three years.
  • Revenues for these companies have grown 2.9% 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 Market4.12%
Materials5.42%
Metals and Mining6.71%
Precious Metals and Minerals8.55%
Diversified Metals and Mining6.49%
Steel1.88%
Industry PE
  • Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 25.3x.
    • 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 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$206.926.6%
+Mex$100.2b		95.3%PE18.5x
PE&OLES * Industrias Peñoles. deMex$1.10k8.5%
+Mex$34.4b		241.2%PE27.6x
MFRISCO A-1 Minera Frisco. deMex$13.763.5%
+Mex$2.8b		309.5%PE89.4x
ICH B Industrias CH S. A. B. de C. VMex$177.492.0%
+Mex$1.4b		4.4%PE44.7x

Latest News

ICH B
Mex$177.49
Industrias CH S. A. B. de C. V
7D
2.0%
1Y
4.4%

Returns On Capital At Industrias CH S. A. B. de C. V (BMV:ICHB) Have Hit The Brakes

Feb 06
Returns On Capital At Industrias CH S. A. B. de C. V (BMV:ICHB) Have Hit The Brakes
GMEXICO B
Mex$206.92
Grupo México. de
7D
6.6%
1Y
95.3%

GMEXICO B: Mixed Research Will Test Higher P/E And Margin Assumptions

Analysts have raised their price target for Grupo México from MX$165.74 to MX$225.33, citing updated assumptions that include slightly higher projected revenue growth, improved profitability and a higher future P/E multiple following recent Street research. Analyst Commentary Recent Street research on Grupo México has been mixed, with at least one high profile firm such as JPMorgan turning more cautious.
AUTLAN B
Mex$7.50
Compañía Minera Autlán. de
7D
-1.7%
1Y
13.6%
MFRISCO A-1
Mex$13.76
Minera Frisco. de
7D
3.5%
1Y
309.5%

Subdued Growth No Barrier To Minera Frisco, S.A.B. de C.V. (BMV:MFRISCOA-1) With Shares Advancing 59%

Jan 29
Subdued Growth No Barrier To Minera Frisco, S.A.B. de C.V. (BMV:MFRISCOA-1) With Shares Advancing 59%
PE&OLES *
Mex$1,099.37
Industrias Peñoles. de
7D
8.5%
1Y
241.2%