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Mexican (IPC) Telecom Sector Analysis

UpdatedMar 29, 2026
DataAggregated Company Financials
Companies9
  • 7D6.9%
  • 3M18.3%
  • 1Y50.4%
  • YTD19.0%

The Telecom industry is up 6.9% in the last week, with América Móvil. de up 7.3%. This means that the industry has gained 50% over the past year. Earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 29 Mar 2026Mex$1.5tMex$1.1tMex$92.2b11.4x16.7x1.4x
Tue, 24 Feb 2026Mex$1.4tMex$1.1tMex$87.1b15x16.6x1.3x
Thu, 22 Jan 2026Mex$1.3tMex$1.1tMex$71.3b16.1x17.9x1.2x
Sat, 20 Dec 2025Mex$1.3tMex$1.1tMex$71.3b16.2x18.2x1.2x
Mon, 17 Nov 2025Mex$1.5tMex$1.1tMex$71.3b18.2x20.4x1.3x
Wed, 15 Oct 2025Mex$1.3tMex$1.1tMex$46.9b19.3x28.2x1.2x
Fri, 12 Sep 2025Mex$1.3tMex$1.1tMex$46.9b21.2x27.9x1.2x
Sun, 10 Aug 2025Mex$1.2tMex$1.1tMex$46.9b18.7x26.4x1.1x
Tue, 08 Jul 2025Mex$1.2tMex$1.1tMex$22.7b25.4x52.2x1.1x
Thu, 05 Jun 2025Mex$1.1tMex$1.1tMex$22.7b24.2x50.3x1.1x
Sat, 03 May 2025Mex$1.2tMex$1.0tMex$23.6b24.5x50.1x1.1x
Mon, 31 Mar 2025Mex$1.0tMex$1.0tMex$18.2b23.4x56.8x1x
Wed, 26 Feb 2025Mex$1.0tMex$1.0tMex$23.1b23.8x44x1x
Fri, 24 Jan 2025Mex$991.2bMex$976.2bMex$35.9b18.3x27.6x1x
Sun, 22 Dec 2024Mex$986.7bMex$976.2bMex$35.9b17.8x27.5x1x
Tue, 19 Nov 2024Mex$1.1tMex$976.2bMex$35.9b19.5x29.8x1.1x
Thu, 17 Oct 2024Mex$1.2tMex$976.0bMex$34.2b20.9x34x1.2x
Sat, 14 Sep 2024Mex$1.1tMex$956.4bMex$29.8b22.1x37.6x1.2x
Mon, 12 Aug 2024Mex$1.1tMex$956.4bMex$29.8b22.5x37.7x1.2x
Wed, 10 Jul 2024Mex$1.1tMex$953.1bMex$57.3b16.8x19.5x1.2x
Fri, 07 Jun 2024Mex$1.1tMex$953.2bMex$57.6b15.8x19.4x1.2x
Sun, 05 May 2024Mex$1.2tMex$953.5bMex$57.7b13.3x20x1.2x
Tue, 02 Apr 2024Mex$1.1tMex$959.0bMex$70.7b12.1x15.9x1.2x
Thu, 29 Feb 2024Mex$1.2tMex$975.2bMex$70.1b12.3x17.1x1.2x
Sat, 27 Jan 2024Mex$2.4tMex$1.8tMex$154.0b11.6x15.3x1.3x
Mon, 25 Dec 2023Mex$2.4tMex$1.8tMex$154.0b11.1x15.6x1.3x
Wed, 22 Nov 2023Mex$2.3tMex$1.8tMex$154.0b11.1x15.2x1.3x
Fri, 20 Oct 2023Mex$2.3tMex$1.9tMex$169.9b9.9x13.6x1.3x
Sun, 17 Sep 2023Mex$2.4tMex$1.9tMex$169.9b10.3x13.9x1.3x
Tue, 15 Aug 2023Mex$2.4tMex$1.8tMex$170.0b11x14.4x1.3x
Thu, 13 Jul 2023Mex$2.6tMex$1.8tMex$159.9b12.7x16.2x1.4x
Sat, 10 Jun 2023Mex$2.7tMex$1.8tMex$159.9b13.1x16.6x1.4x
Mon, 08 May 2023Mex$2.6tMex$1.8tMex$160.1b14.5x16.3x1.4x
Wed, 05 Apr 2023Mex$2.6tMex$1.8tMex$158.4b12.8x16.7x1.4x
Price to Earnings Ratio

16.7x


Total Market Cap: Mex$2.6tTotal Earnings: Mex$158.4bTotal 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 16.7x 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 17% 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 Market3.73%
Telecom6.95%
Wireless Telecom7.31%
Media6.93%
Telecom Services and Carriers4.57%
Entertainment-1.54%
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 16.1%, which is lower than the prior year's growth of 24.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 54% over the next 5 years.
  • However this is lower than its past earnings growth rate of 94% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 11% 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
AMX B América Móvil. deMex$22.467.3%
+Mex$92.0b		52.6%PE16.3x
SITES1 A-1 Operadora de Sites Mexicanos. deMex$17.108.8%
+Mex$3.8b		19.9%PE75.9x
MEGA CPO Megacable Holdings S. A. B. de C. VMex$61.586.9%
+Mex$3.4b		45.4%PE18.6x
TLEVISA CPO Grupo TelevisaMex$10.391.8%
+Mex$478.6m		47.6%PS0.5x
LASITE * Sitios Latinoamérica. deMex$5.331.3%
+Mex$333.1m		70.8%PE11.4x

Latest News

AMX B
Mex$22.46
América Móvil. de
7D
7.3%
1Y
52.6%

AMX B: Future Returns Will Depend On Margins P/E And Dividend Certainty

Analysts now set their price target for América Móvil at about MX$22.91, up from roughly MX$22.18, citing updated assumptions for fair value, revenue growth and profit margins, along with a slightly adjusted forward P/E outlook. What's in the News Shareholders are scheduled to vote at the April 2026 meeting on paying a MX$0.54 dividend per share, in two equal installments, on series B shares of América Móvil, S.A.B. de C.V. (Key Developments) The proposed dividend is subject to potential adjustments if corporate actions, such as share repurchases or new share placements, change the number of outstanding shares before the payment dates (Key Developments) Investors watching América Móvil may want to track the April 2026 shareholders' meeting outcome to understand the confirmed dividend level and timing for the series B shares (Key Developments) Valuation Changes Fair Value: Updated estimate moves from MX$22.18 to MX$22.91, representing a modest upward adjustment in the modelled share value.
SITES1 A-1
Mex$17.10
Operadora de Sites Mexicanos. de
7D
8.8%
1Y
19.9%
MEGA CPO
Mex$61.58
Megacable Holdings S. A. B. de C. V
7D
6.9%
1Y
45.4%
CIE B
Mex$38.00
Corporación Interamericana de Entretenimiento. de
7D
-2.1%
1Y
31.0%
LASITE *
Mex$5.33
Sitios Latinoamérica. de
7D
1.3%
1Y
70.8%
TLEVISA CPO
Mex$10.39
Grupo Televisa
7D
1.8%
1Y
47.6%
CTAXTEL A
Mex$0.80
Controladora Axtel. de
7D
2.6%
1Y
8.0%
DIABLOS O
Mex$28.50
Diablos Rojos Del MexicoP.I.B. De
7D
5.2%
1Y
58.3%