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Mexican (IPC) Telecom Sector Analysis

UpdatedJun 28, 2026
DataAggregated Company Financials
Companies9
  • 7D-1.0%
  • 3M3.0%
  • 1Y37.5%
  • YTD22.4%

Over the last 7 days, the Telecom industry has remained flat, although notably Megacable Holdings S. A. B. de C. V gained 4.9%. As for the the longer term, the industry is up 38% over the past 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the Mexican Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 28 Jun 2026Mex$1.6tMex$1.1tMex$96.7b23.1x16.4x1.4x
Tue, 26 May 2026Mex$1.6tMex$1.1tMex$96.6b17.2x16.1x1.4x
Thu, 23 Apr 2026Mex$1.5tMex$1.1tMex$96.5b11.4x15.9x1.4x
Sat, 21 Mar 2026Mex$1.4tMex$1.1tMex$92.2b11.3x15.7x1.3x
Mon, 16 Feb 2026Mex$1.4tMex$1.1tMex$86.7b13.1x16.4x1.3x
Wed, 14 Jan 2026Mex$1.3tMex$1.1tMex$71.3b16.2x18x1.2x
Fri, 12 Dec 2025Mex$1.3tMex$1.1tMex$71.3b17.2x18.8x1.2x
Sun, 09 Nov 2025Mex$1.5tMex$1.1tMex$71.3b18.4x20.7x1.4x
Tue, 07 Oct 2025Mex$1.3tMex$1.1tMex$46.9b19.8x28x1.2x
Thu, 04 Sep 2025Mex$1.3tMex$1.1tMex$46.9b19.8x27.3x1.2x
Sat, 02 Aug 2025Mex$1.2tMex$1.1tMex$46.9b18.8x25.6x1.1x
Mon, 30 Jun 2025Mex$1.2tMex$1.1tMex$22.7b24.5x51.1x1.1x
Wed, 28 May 2025Mex$1.2tMex$1.1tMex$22.7b24.2x52.4x1.1x
Fri, 25 Apr 2025Mex$1.2tMex$1.0tMex$18.2b26.1x64.6x1.2x
Sun, 23 Mar 2025Mex$1.0tMex$1.0tMex$18.2b22.5x54.9x1x
Tue, 18 Feb 2025Mex$1.1tMex$1.0tMex$26.7b24.4x39.6x1x
Thu, 16 Jan 2025Mex$978.2bMex$976.2bMex$35.9b18x27.2x1x
Sat, 14 Dec 2024Mex$1.1tMex$976.2bMex$35.9b18.8x29.3x1.1x
Mon, 11 Nov 2024Mex$1.1tMex$976.2bMex$35.9b19.6x29.8x1.1x
Wed, 09 Oct 2024Mex$1.1tMex$956.4bMex$29.8b21.8x36.6x1.1x
Fri, 06 Sep 2024Mex$1.1tMex$956.4bMex$29.8b22.6x37.4x1.2x
Sun, 04 Aug 2024Mex$1.1tMex$956.4bMex$29.8b22.2x36.7x1.1x
Tue, 02 Jul 2024Mex$1.1tMex$953.1bMex$57.3b16.3x19.3x1.2x
Thu, 30 May 2024Mex$1.1tMex$953.9bMex$57.5b16.2x20x1.2x
Sat, 27 Apr 2024Mex$1.1tMex$953.4bMex$57.6b13.2x19.5x1.2x
Mon, 25 Mar 2024Mex$1.1tMex$959.0bMex$70.6b12.1x15.8x1.2x
Wed, 21 Feb 2024Mex$1.2tMex$974.5bMex$65.6b12.1x17.6x1.2x
Fri, 19 Jan 2024Mex$2.4tMex$1.8tMex$154.0b10.9x15.3x1.3x
Sun, 17 Dec 2023Mex$2.4tMex$1.8tMex$154.0b11.2x15.8x1.3x
Tue, 14 Nov 2023Mex$2.3tMex$1.8tMex$154.0b11.1x15.2x1.3x
Thu, 12 Oct 2023Mex$2.3tMex$1.9tMex$169.9b10.1x13.8x1.3x
Sat, 09 Sep 2023Mex$2.4tMex$1.8tMex$170.0b10.6x14.1x1.3x
Mon, 07 Aug 2023Mex$2.5tMex$1.8tMex$170.0b11.4x14.6x1.3x
Wed, 05 Jul 2023Mex$2.6tMex$1.8tMex$159.9b12.5x16.2x1.4x
Price to Earnings Ratio

16.2x


Total Market Cap: Mex$2.6tTotal Earnings: Mex$159.9bTotal Revenue: Mex$1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Telecom Sector Price to Earnings3Y Average 25.9x202420252026
Current Industry PE
  • Investors are pessimistic on the Mexican Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 16.4x which is lower than its 3-year average PE of 25.9x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have declined 15% per year over the last three years,
  • Revenues have also declined 16% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Mexican Telecom sector?

MX Market-1.14%
Telecom-0.98%
Media4.95%
Wireless Telecom-1.11%
Telecom Services and Carriers-1.71%
Entertainment-1.99%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 18.1%, which is lower than the prior year's growth of 33.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 48% over the next 5 years.
  • This is better than its past earnings growth rate of 32% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 9.3% 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
MEGA CPO Megacable Holdings S. A. B. de C. VMex$60.234.9%
+Mex$2.4b		15.1%PE17.5x
SITES1 A-1 Operadora de Sites Mexicanos. deMex$17.250.6%
+Mex$292.0m		0.8%PE66.1x

Latest News

TLEVISA CPO
Mex$9.49
Grupo Televisa
7D
-7.1%
1Y
9.2%
Narrative Update • Jun 26

TLEVISA CPO: Insider Control Shift Will Reprice Shares On Higher Future P/E

Analysts have revised their price target on Grupo Televisa to MX$22.24 from MX$19.30, citing updated assumptions on fair value, discount rate, revenue trends, profit margin profile, and a higher expected future P/E multiple. What’s in the News for Grupo Televisa On January 5, 2026, Bernardo Gómez Martínez and Alfonso de Angoitia Noriega agreed to acquire a 22.2% stake in Grupo Televisa, equal to 26,332,332,804 Series A shares, from Emilio Azcárraga.
MEGA CPO
Mex$60.23
Megacable Holdings S. A. B. de C. V
7D
4.9%
1Y
15.1%
Narrative Update • Jun 26

MEGA CPO: Dividend Commitment Will Support Higher Earnings Multiple Outlook

Analysts have lifted their price target on Megacable Holdings S. A.
AMX B
Mex$23.21
América Móvil. de
7D
-1.1%
1Y
41.2%
Narrative Update • Jun 24

AMX B: Future Returns Will Rely On Dividends And Ongoing Share Repurchases

Analysts have nudged their fair value estimate for América Móvil to MX$24.76 from MX$24.34, citing updated assumptions around long term revenue growth, profit margins and the stock's future P/E multiple. What’s in the News for América Móvil América Móvil, S.A.B. de C.V. plans an Analyst and Investor Day, providing a forum for management to outline priorities and give updates to the market.
CIE B
Mex$42.00
Corporación Interamericana de Entretenimiento. de
7D
-2.3%
1Y
25.8%
AXTEL CPO
Mex$2.74
Axtel. de
7D
-0.4%
1Y
8.7%
LASITE *
Mex$5.01
Sitios Latinoamérica. de
7D
-1.0%
1Y
60.1%
Analysis Article • May 29

Is Now The Time To Look At Buying Sitios Latinoamérica, S.A.B. de C.V. (BMV:LASITE)?

Sitios Latinoamérica, S.A.B. de C.V. ( BMV:LASITE ), is not the largest company out there, but it saw significant share...
SITES1 A-1
Mex$17.25
Operadora de Sites Mexicanos. de
7D
0.6%
1Y
0.8%
CTAXTEL A
Mex$0.88
Controladora Axtel. de
7D
-1.4%
1Y
9.6%