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Mexican (IPC) Metals and Mining Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies5
  • 7D6.8%
  • 3M33.8%
  • 1Y136.5%
  • YTD26.3%

Over the last 7 days, the Metals and Mining industry has risen 6.8%, driven by gains from Grupo México. de of 7.4%. In the last 12 months, the industry was up 137%. As for the next few years, earnings are expected to grow by 6.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Mar 2026Mex$2.3tMex$497.6bMex$103.8b47.7x22.1x4.6x
Thu, 29 Jan 2026Mex$2.1tMex$476.2bMex$92.4b37x23.2x4.5x
Sat, 27 Dec 2025Mex$1.9tMex$493.6bMex$96.0b33.8x19.4x3.8x
Mon, 24 Nov 2025Mex$1.6tMex$508.4bMex$99.1b30x15.9x3.1x
Wed, 22 Oct 2025Mex$1.6tMex$494.8bMex$87.8b20.7x18.1x3.2x
Fri, 19 Sep 2025Mex$1.4tMex$493.4bMex$87.6b19.6x16.3x2.9x
Sun, 17 Aug 2025Mex$1.3tMex$502.1bMex$89.2b16.2x14.5x2.6x
Tue, 15 Jul 2025Mex$1.2tMex$497.8bMex$83.7b12.8x14.3x2.4x
Thu, 12 Jun 2025Mex$1.1tMex$502.4bMex$84.5b11.8x13.3x2.2x
Sat, 10 May 2025Mex$1.1tMex$514.9bMex$88.1b10.9x11.9x2x
Mon, 07 Apr 2025Mex$958.7bMex$522.5bMex$84.1b10x11.4x1.8x
Wed, 05 Mar 2025Mex$974.7bMex$510.0bMex$86.2b10.3x11.3x1.9x
Fri, 31 Jan 2025Mex$994.4bMex$506.6bMex$83.1b10.7x12x2x
Sun, 29 Dec 2024Mex$971.7bMex$500.4bMex$82.1b10.5x11.8x1.9x
Tue, 26 Nov 2024Mex$1.0tMex$499.9bMex$82.0b10.6x12.5x2x
Thu, 24 Oct 2024Mex$1.1tMex$475.4bMex$75.3b12.4x14.4x2.3x
Sat, 21 Sep 2024Mex$1.0tMex$466.3bMex$73.8b11.8x14x2.2x
Mon, 19 Aug 2024Mex$1.0tMex$449.7bMex$71.1b12.9x14.6x2.3x
Wed, 17 Jul 2024Mex$1.1tMex$412.2bMex$61.5b15.8x17.1x2.6x
Fri, 14 Jun 2024Mex$928.7bMex$429.1bMex$64.2b15.8x14.5x2.2x
Sun, 12 May 2024Mex$1.0tMex$394.4bMex$58.6b18.1x17.2x2.6x
Tue, 09 Apr 2024Mex$1.0tMex$395.7bMex$59.8b23.9x17.2x2.6x
Thu, 07 Mar 2024Mex$842.0bMex$418.7bMex$61.6b23.5x13.7x2x
Sat, 03 Feb 2024Mex$884.7bMex$429.8bMex$65.3b23.6x13.5x2.1x
Mon, 01 Jan 2024Mex$930.3bMex$426.9bMex$64.8b24x14.3x2.2x
Wed, 29 Nov 2023Mex$761.6bMex$430.0bMex$65.4b22.2x11.6x1.8x
Fri, 27 Oct 2023Mex$781.9bMex$454.1bMex$69.3b21.4x11.3x1.7x
Sun, 24 Sep 2023Mex$818.3bMex$425.3bMex$63.8b22.3x12.8x1.9x
Tue, 22 Aug 2023Mex$825.7bMex$421.8bMex$63.2b24.1x13.1x2x
Thu, 20 Jul 2023Mex$869.0bMex$419.8bMex$64.7b17.2x13.4x2.1x
Sat, 17 Jun 2023Mex$892.7bMex$426.6bMex$65.9b17.2x13.6x2.1x
Mon, 15 May 2023Mex$854.2bMex$437.0bMex$68.9b17.2x12.4x2x
Wed, 12 Apr 2023Mex$946.6bMex$454.2bMex$71.3b14.5x13.3x2.1x
Fri, 10 Mar 2023Mex$838.6bMex$452.2bMex$70.9b13.9x11.8x1.9x
Price to Earnings Ratio

11.8x


Total Market Cap: Mex$838.6bTotal Earnings: Mex$70.9bTotal Revenue: Mex$452.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Metals and Mining Industry Price to Earnings3Y Average 14.3x202420252026
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 14.3x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 3.2% 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 Market1.04%
Materials5.06%
Metals and Mining6.79%
Precious Metals and Minerals8.04%
Diversified Metals and Mining6.85%
Steel-1.35%
Industry PE
  • Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 28.3x.
    • Analysts are expecting annual earnings growth of 79.8%, which is higher than its past year's earnings decline of 89.0% 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 12.9x.
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 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
GMEXICO B Grupo México. deMex$220.237.4%
+Mex$118.8b		126.2%PE19.6x
MFRISCO A-1 Minera Frisco. deMex$13.494.0%
+Mex$3.1b		315.1%PE87.7x

Latest News

AUTLAN B
Mex$7.55
Compañía Minera Autlán. de
7D
-0.7%
1Y
16.5%
ICH B
Mex$173.10
Industrias CH S. A. B. de C. V
7D
-1.5%
1Y
-0.8%
GMEXICO B
Mex$220.23
Grupo México. de
7D
7.4%
1Y
126.2%

GMEXICO B: Higher Margins Will Offset JPMorgan Downgrade Concerns

Analysts have adjusted their price target on Grupo México S.A.B. de C.V. to MX$234.88 from MX$225.33, reflecting updated assumptions around discount rates, revenue growth, profit margins and forward P/E multiples discussed in recent research. Analyst Commentary Bullish analysts point to the updated MX$234.88 price target as a signal of confidence in Grupo México S.A.B. de C.V.'s ability to support current valuation assumptions around discount rates, revenue, margins and P/E multiples, even in the context of a recent downgrade at JPMorgan.
MFRISCO A-1
Mex$13.49
Minera Frisco. de
7D
4.0%
1Y
315.1%
PE&OLES *
Mex$1,044.07
Industrias Peñoles. de
7D
-0.4%
1Y
234.9%

Returns On Capital Are A Standout For Industrias Peñoles. de (BMV:PE&OLES)

Feb 12
Returns On Capital Are A Standout For Industrias Peñoles. de (BMV:PE&OLES)