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Mexican (IPC) Market Analysis & Valuation

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies121
  • 7D-1.1%
  • 3M0.9%
  • 1Y14.7%
  • YTD5.7%

Over the last 7 days, the market has dropped 1.1%, driven by a decline of 2.5% in the Materials sector. In the last year, the market is actually up 15%. Looking forward, earnings are forecast to grow by 9.5% annually.

Market Valuation and Performance

Has the Mexican Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Jun 2026Mex$10.3tMex$7.7tMex$705.6b12.2x14.6x1.3x
Mon, 25 May 2026Mex$10.4tMex$7.6tMex$696.7b12.4x15x1.4x
Wed, 22 Apr 2026Mex$10.7tMex$7.6tMex$679.5b13x15.7x1.4x
Fri, 20 Mar 2026Mex$10.2tMex$7.7tMex$671.5b12.8x15.2x1.3x
Sun, 15 Feb 2026Mex$10.8tMex$7.5tMex$648.2b13x16.7x1.4x
Tue, 13 Jan 2026Mex$10.4tMex$7.7tMex$662.7b13.6x15.6x1.3x
Thu, 11 Dec 2025Mex$10.1tMex$7.8tMex$659.3b12.6x15.4x1.3x
Sat, 08 Nov 2025Mex$10.2tMex$8.0tMex$656.2b12x15.5x1.3x
Mon, 06 Oct 2025Mex$9.9tMex$7.9tMex$615.3b11.9x16.1x1.3x
Wed, 03 Sep 2025Mex$9.5tMex$7.8tMex$616.9b12.3x15.4x1.2x
Fri, 01 Aug 2025Mex$9.2tMex$7.7tMex$608.0b12.1x15.2x1.2x
Sun, 29 Jun 2025Mex$9.3tMex$7.6tMex$601.3b12.2x15.5x1.2x
Tue, 27 May 2025Mex$9.3tMex$7.6tMex$589.7b12.4x15.7x1.2x
Thu, 24 Apr 2025Mex$9.1tMex$7.5tMex$605.4b11.2x15.1x1.2x
Sat, 22 Mar 2025Mex$8.7tMex$7.6tMex$596.6b10.9x14.5x1.1x
Mon, 17 Feb 2025Mex$9.0tMex$7.6tMex$617.5b11.6x14.5x1.2x
Wed, 15 Jan 2025Mex$8.5tMex$7.6tMex$613.6b11.3x13.9x1.1x
Fri, 13 Dec 2024Mex$8.7tMex$7.5tMex$602.8b12x14.5x1.2x
Sun, 10 Nov 2024Mex$8.6tMex$7.4tMex$594.0b11.5x14.5x1.2x
Tue, 08 Oct 2024Mex$9.1tMex$7.3tMex$587.2b12.1x15.5x1.2x
Thu, 05 Sep 2024Mex$9.0tMex$7.4tMex$591.6b11.7x15.2x1.2x
Sat, 03 Aug 2024Mex$9.0tMex$7.3tMex$584.5b11.9x15.4x1.2x
Mon, 01 Jul 2024Mex$9.0tMex$7.1tMex$583.3b13x15.4x1.3x
Wed, 29 May 2024Mex$9.3tMex$7.0tMex$567.3b13.4x16.3x1.3x
Fri, 26 Apr 2024Mex$9.4tMex$7.1tMex$580.2b12.9x16.2x1.3x
Sun, 24 Mar 2024Mex$9.6tMex$7.1tMex$585.2b13.6x16.4x1.4x
Tue, 20 Feb 2024Mex$9.5tMex$7.3tMex$619.0b13.3x15.4x1.3x
Thu, 18 Jan 2024Mex$9.6tMex$7.4tMex$657.7b12.8x14.5x1.3x
Sat, 16 Dec 2023Mex$9.7tMex$7.4tMex$657.6b13x14.8x1.3x
Mon, 13 Nov 2023Mex$8.8tMex$7.4tMex$657.4b11.9x13.4x1.2x
Wed, 11 Oct 2023Mex$8.7tMex$7.5tMex$664.5b12.5x13.2x1.2x
Fri, 08 Sep 2023Mex$9.2tMex$7.5tMex$660.4b12.9x14x1.2x
Sun, 06 Aug 2023Mex$9.4tMex$7.5tMex$660.3b13.4x14.2x1.3x
Tue, 04 Jul 2023Mex$9.2tMex$7.3tMex$637.2b13.4x14.5x1.3x
Price to Earnings Ratio

14.5x


Total Market Cap: Mex$9.2tTotal Earnings: Mex$637.2bTotal Revenue: Mex$7.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 15.1x202420252026
Current Market PE
  • Investors are relatively neutral on the Mexican market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 15.1x.
Past Earnings Growth
  • The earnings for Mexican listed companies have grown 3.5% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the Mexican Market?

MX Market-1.14%
Consumer Staples0.51%
Healthcare0.49%
Utilities-0.19%
Consumer Discretionary-0.71%
Telecom-0.98%
Real Estate-1.18%
Industrials-1.27%
Financials-1.61%
Materials-2.52%
Energy-4.10%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading close to its 3-year average PE ratio of 19.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 11.4% which is higher than its past year's earnings decline of 13.5% per year.
  • The Utilities sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 18% over the next 5 years.
  • However this is lower than its past earnings growth rate of 29% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 44% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
FEMSA UBD Fomento Económico Mexicano. deMex$224.583.9%
+Mex$28.7b		16.7%PE26.1xConsumer Staples
AC * Arca Continental. deMex$211.491.3%
+Mex$4.4b		7.6%PE18.6xConsumer Staples
OMA B Grupo Aeroportuario del Centro Norte. deMex$244.923.2%
+Mex$3.0b		-0.2%PE17.9xIndustrials
PINFRA * Promotora y Operadora de Infraestructura S. A. B. de C. VMex$277.292.3%
+Mex$2.6b		30.1%PE7.8xIndustrials
GAP B Grupo Aeroportuario del Pacífico. deMex$439.851.0%
+Mex$2.6b		3.0%PE26.2xIndustrials
See more

Market Insights

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Latest News

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.
GAP B
Mex$439.85
Grupo Aeroportuario del Pacífico. de
7D
1.0%
1Y
3.0%
BIMBO A
Mex$57.01
Grupo Bimbo. de
7D
-2.9%
1Y
7.9%
Narrative Update • Jun 25

BIMBO A: Dividend Visibility And Bullish Rating Shift Will Support Repricing

Analysts have nudged their fair value estimate for Grupo Bimbo shares slightly higher, from around MX$69.13 to about MX$69.46, reflecting updated views on revenue growth, profit margins and future P/E assumptions following more positive Street research. What's in the News Marinela and Bimbo have partnered with Hershey’s to launch a co-branded snack collection in the U.S. market, featuring Snack Cake, Pingüinos, Mantechox and Crossantines Minis products that combine Bimbo’s baked goods with Hershey’s chocolate, following their initial launch in Mexico.
AC *
Mex$211.49
Arca Continental. de
7D
1.3%
1Y
7.6%
Narrative Update • Jun 25

AC *: Raised Street Views Will Support A More Constructive Forward Repricing

Analysts have raised their MX$ price target on Arca Continental by MX$15, citing recent target hikes and a more constructive view on the stock's outlook from multiple research firms. Analyst Commentary Recent research on Arca Continental focuses on how the higher MX$ price targets align with expectations for execution and growth, as well as what could challenge that view.
GFNORTE O
Mex$182.23
Grupo Financiero Banorte. de
7D
-3.7%
1Y
4.2%
Narrative Update • Jun 25

GFNORTE O: Steady Forecast Assumptions Will Support Higher Future Earnings Multiple

Analysts have kept their MX$220.87 price target for Grupo Financiero Banorte, S.A.B. de C.V. unchanged, indicating relatively steady assumptions around discount rate, revenue growth, profit margin and future P/E in their latest update. What's in the News No recent public news items for Grupo Financiero Banorte, S.A.B. de C.V. were provided in the available sources.
FIBRAPL 14
Mex$75.14
FIBRA Prologis
7D
-6.1%
1Y
6.3%
Narrative Update • Jun 24

FIBRAPL 14: Updated Assumptions And Portfolio Mix Will Shape Future Returns

Analysts have raised their 12 month price target for FIBRA Prologis by MX$0.16 to MX$84.57, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E that align with the latest Street research. What’s in the News for FIBRA Prologis FIBRA Prologis acquired a building from Prologis in the Toluca submarket of Greater Mexico City for an aggregate purchase price of US$94 million, including closing costs.
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.
KIMBER A
Mex$38.90
Kimberly-Clark de México S. A. B. de C. V
7D
1.9%
1Y
14.1%
GCARSO A1
Mex$134.15
Grupo Carso. de
7D
-6.8%
1Y
-0.1%
Narrative Update • Jun 24

GCARSO A1: Stable Assumptions Will Sustain Persistent Overvaluation Risk

Analysts have kept their fair value estimate for Grupo Carso steady at MX$115.0 per share, citing largely unchanged assumptions for the discount rate, revenue growth, profit margin and future P/E, which support a consistent price target framework. What's in the News for Grupo Carso No recent news items, periodical coverage or key developments were provided for Grupo Carso in the supplied sources.
GMEXICO B
Mex$200.13
Grupo México. de
7D
-3.7%
1Y
77.4%
Narrative Update • Jun 23

GMEXICO B: Future Returns Will Hinge On Execution After Cautious Upgrades

Analysts have lifted the fair value estimate for Grupo México to MX$205.68 from MX$196.22, citing updated assumptions on revenue growth, profit margins and valuation multiples that align with recent price target increases from several major firms. Analyst Commentary Recent research on Grupo México points to a mix of optimism and caution as analysts adjust price targets and ratings.
WALMEX *
Mex$50.80
Wal-Mart de México. de
7D
-1.1%
1Y
-20.7%
Narrative Update • Jun 19

WALMEX *: Slightly Higher Risk Assumptions Will Still Support Forward P/E Upside

Analysts have trimmed their price target for Wal-Mart de México stock to MX$64.82, reflecting slightly higher discount-rate assumptions and only marginal tweaks to revenue growth, profit margin, and future P/E expectations, along with a more cautious tone in recent Street research. What's in the News for Wal-Mart de México Stock Recent analyst updates cite slightly higher discount-rate assumptions for Wal-Mart de México and only limited adjustments to revenue, margin, and future P/E expectations.
ORBIA *
Mex$22.22
Orbia Advance Corporation. de
7D
5.0%
1Y
72.1%
Narrative Update • Jun 18

ORBIA *: Higher Discount Rate And Lower P/E Will Pressure Share Price

Analysts have revised their price target on Orbia Advance Corporation to MX$14.01 from MX$14.01, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples in recent research, including a MX$12 target increase cited in Street reports. What's in the News for Orbia Advance Corporation Recent analyst coverage on Orbia Advance Corporation has focused on refreshed valuation work, including updated assumptions for discount rates, revenue outlook, profit margins and P/E multiples.
OMA B
Mex$244.92
Grupo Aeroportuario del Centro Norte. de
7D
3.2%
1Y
-0.2%
FEMSA UBD
Mex$224.58
Fomento Económico Mexicano. de
7D
3.9%
1Y
16.7%
Narrative Update • Jun 16

FEMSA UBD: Future Returns Will Reflect Dividend Hikes And Buyback Activity

Analysts have increased their MX$ fair value estimate for Fomento Económico Mexicano, S.A.B. de C.V. to MX$210 from MX$206, reflecting updated assumptions for revenue growth, profit margins and a higher future P/E multiple. What’s in the News for Fomento Económico Mexicano At the Annual Ordinary and Extraordinary Shareholders' Meeting held on March 27, 2026, shareholders approved an ordinary cash dividend of MXN 0.2475 per Series D share and MXN 0.1980 per Series B share.
PE&OLES *
Mex$777.21
Industrias Peñoles. de
7D
-2.8%
1Y
56.8%
PINFRA *
Mex$277.29
Promotora y Operadora de Infraestructura S. A. B. de C. V
7D
2.3%
1Y
30.1%
Analysis Article • May 25

Is Now The Time To Put Promotora y Operadora de Infraestructura S. A. B. de C. V (BMV:PINFRA) On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...