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Mexican (IPC) Metals and Mining Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies5
  • 7D5.2%
  • 3M-2.9%
  • 1Y103.7%
  • YTD22.0%

The Metals and Mining industry is up 5.2% in the last week, with Grupo México. de up 4.7%. Meanwhile, Minera Frisco. de actually underperformed within the industry, shrinking 5.4% in the last week. This means that the industry has gained 104% over the past year. Earnings are forecast to grow by 1.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Jun 2026Mex$2.2tMex$573.6bMex$133.9b19.1x16.5x3.9x
Thu, 30 Apr 2026Mex$2.0tMex$523.0bMex$114.4b27.5x17.1x3.7x
Sat, 28 Mar 2026Mex$1.8tMex$539.0bMex$118.1b25.2x15.6x3.4x
Mon, 23 Feb 2026Mex$2.1tMex$494.9bMex$103.2b47.2x20.8x4.3x
Wed, 21 Jan 2026Mex$2.1tMex$486.4bMex$94.5b35x22.4x4.3x
Fri, 19 Dec 2025Mex$1.7tMex$496.5bMex$96.7b31.3x17.7x3.4x
Sun, 16 Nov 2025Mex$1.6tMex$504.1bMex$98.2b30x16.4x3.2x
Tue, 14 Oct 2025Mex$1.6tMex$495.5bMex$88.0b21.6x18.3x3.2x
Thu, 11 Sep 2025Mex$1.4tMex$498.5bMex$88.5b20.3x15.9x2.8x
Sat, 09 Aug 2025Mex$1.3tMex$498.7bMex$88.6b17.4x14.5x2.6x
Mon, 07 Jul 2025Mex$1.2tMex$495.4bMex$83.3b12.6x14x2.4x
Wed, 04 Jun 2025Mex$1.1tMex$509.9bMex$85.7b11.5x12.7x2.1x
Fri, 02 May 2025Mex$1.0tMex$510.1bMex$84.1b10.9x12.4x2x
Sun, 30 Mar 2025Mex$1.1tMex$521.0bMex$83.9b11.2x12.6x2x
Tue, 25 Feb 2025Mex$1.0tMex$503.4bMex$82.3b11x12.5x2x
Thu, 23 Jan 2025Mex$1.0tMex$504.0bMex$82.7b11.1x12.3x2x
Sat, 21 Dec 2024Mex$964.4bMex$494.6bMex$81.1b10.7x11.9x1.9x
Mon, 18 Nov 2024Mex$1.0tMex$501.6bMex$82.3b10.7x12.2x2x
Wed, 16 Oct 2024Mex$1.1tMex$472.8bMex$74.8b12.5x14.3x2.3x
Fri, 13 Sep 2024Mex$979.3bMex$467.8bMex$74.0b11.8x13.2x2.1x
Sun, 11 Aug 2024Mex$1.0tMex$454.3bMex$71.3b12.5x14.2x2.2x
Tue, 09 Jul 2024Mex$1.0tMex$419.3bMex$62.6b16.1x16.4x2.5x
Thu, 06 Jun 2024Mex$941.2bMex$410.0bMex$61.1b15.7x15.4x2.3x
Sat, 04 May 2024Mex$1.0tMex$405.0bMex$58.9b20x17.3x2.5x
Mon, 01 Apr 2024Mex$959.6bMex$400.5bMex$60.6b23.7x15.8x2.4x
Wed, 28 Feb 2024Mex$849.5bMex$422.4bMex$62.2b23.3x13.7x2x
Fri, 26 Jan 2024Mex$867.8bMex$431.6bMex$65.6b23.8x13.2x2x
Sun, 24 Dec 2023Mex$913.9bMex$427.0bMex$64.9b23.3x14.1x2.1x
Tue, 21 Nov 2023Mex$797.9bMex$432.0bMex$65.7b23.3x12.1x1.8x
Thu, 19 Oct 2023Mex$785.6bMex$446.0bMex$67.6b22.5x11.6x1.8x
Sat, 16 Sep 2023Mex$819.1bMex$424.1bMex$63.6b23.5x12.9x1.9x
Mon, 14 Aug 2023Mex$838.7bMex$421.9bMex$63.2b24.2x13.3x2x
Wed, 12 Jul 2023Mex$855.8bMex$426.7bMex$65.9b17.2x13x2x
Fri, 09 Jun 2023Mex$867.3bMex$433.3bMex$67.0b17.2x12.9x2x
Price to Earnings Ratio

12.9x


Total Market Cap: Mex$867.3bTotal Earnings: Mex$67.0bTotal Revenue: Mex$433.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Metals and Mining Industry Price to Earnings3Y Average 14.7x202420252026
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 16.5x which is higher than its 3-year average PE of 14.7x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 9.9% 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 Market0.17%
Materials4.79%
Metals and Mining5.19%
Precious Metals and Minerals8.18%
Diversified Metals and Mining4.76%
Steel0.053%
Industry PE
  • Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 41.4x.
    • 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 50.4x.
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 decline by 13% 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$216.011.2%
+Mex$20.2b		104.0%PE17.1x
PE&OLES * Industrias Peñoles. deMex$967.541.6%
+Mex$6.1b		129.7%PE12x
AUTLAN B Compañía Minera Autlán. deMex$7.783.9%
+Mex$91.4m		32.3%PS0.4x

Latest News

GMEXICO B
Mex$216.01
Grupo México. de
7D
1.2%
1Y
104.0%
Narrative Update • May 25

GMEXICO B: Recent Upgrade And Margin Outlook Will Support Future Upside

Analysts have nudged their MX$ price target for Grupo México slightly lower to MX$235.53, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E after recent research updates from major banks. Analyst Commentary Recent research has leaned constructive on Grupo México, with bullish analysts updating their models and signalling a more supportive stance on the stock after fresh reviews of valuation and earnings power.
AUTLAN B
Mex$7.78
Compañía Minera Autlán. de
7D
3.9%
1Y
32.3%
MFRISCO A-1
Mex$10.59
Minera Frisco. de
7D
-3.0%
1Y
195.0%
PE&OLES *
Mex$967.54
Industrias Peñoles. de
7D
1.6%
1Y
129.7%