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Mexican (IPC) Market Analysis & Valuation

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies121
  • 7D-0.2%
  • 3M10.1%
  • 1Y26.4%
  • YTD9.2%

The Energy sector gained 7.8% while the market remained flat over the last week. As for the longer term, the market has risen 26% in the past 12 months. Earnings are forecast to grow by 11% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Feb 2026Mex$10.8tMex$7.6tMex$660.1b13.1x16.4x1.4x
Wed, 21 Jan 2026Mex$10.5tMex$7.7tMex$659.0b13.1x15.9x1.4x
Fri, 19 Dec 2025Mex$9.9tMex$7.8tMex$658.4b13.1x15.1x1.3x
Sun, 16 Nov 2025Mex$10.1tMex$8.0tMex$659.8b12.1x15.2x1.3x
Tue, 14 Oct 2025Mex$9.9tMex$7.9tMex$623.9b11.8x15.8x1.2x
Thu, 11 Sep 2025Mex$9.6tMex$7.8tMex$615.9b12.2x15.6x1.2x
Sat, 09 Aug 2025Mex$9.3tMex$7.8tMex$617.5b11.9x15.1x1.2x
Mon, 07 Jul 2025Mex$9.3tMex$7.6tMex$600.0b12.2x15.6x1.2x
Wed, 04 Jun 2025Mex$9.2tMex$7.6tMex$590.6b12.3x15.6x1.2x
Fri, 02 May 2025Mex$9.1tMex$7.6tMex$603.3b11.2x15.2x1.2x
Sun, 30 Mar 2025Mex$8.6tMex$7.6tMex$609.5b10.6x14.2x1.1x
Tue, 25 Feb 2025Mex$8.9tMex$7.6tMex$624.8b12.3x14.3x1.2x
Thu, 23 Jan 2025Mex$8.6tMex$7.6tMex$613.9b11.4x14x1.1x
Sat, 21 Dec 2024Mex$8.5tMex$7.5tMex$610.0b11.7x14x1.1x
Mon, 18 Nov 2024Mex$8.5tMex$7.4tMex$602.5b11.6x14.1x1.1x
Wed, 16 Oct 2024Mex$9.1tMex$7.4tMex$589.4b12x15.4x1.2x
Fri, 13 Sep 2024Mex$8.9tMex$7.4tMex$589.0b11.8x15.2x1.2x
Sun, 11 Aug 2024Mex$9.1tMex$7.3tMex$585.7b11.4x15.5x1.2x
Tue, 09 Jul 2024Mex$9.0tMex$7.1tMex$582.5b12.6x15.4x1.3x
Thu, 06 Jun 2024Mex$8.9tMex$7.1tMex$565.6b13.1x15.7x1.3x
Sat, 04 May 2024Mex$9.4tMex$7.1tMex$569.2b12.9x16.5x1.3x
Mon, 01 Apr 2024Mex$9.6tMex$7.1tMex$580.7b13.7x16.5x1.4x
Wed, 28 Feb 2024Mex$9.6tMex$7.2tMex$583.4b13.5x16.5x1.3x
Fri, 26 Jan 2024Mex$9.6tMex$7.4tMex$662.0b12.9x14.4x1.3x
Sun, 24 Dec 2023Mex$9.8tMex$7.4tMex$656.4b13.2x15x1.3x
Tue, 21 Nov 2023Mex$9.0tMex$7.4tMex$657.0b11.7x13.7x1.2x
Thu, 19 Oct 2023Mex$8.8tMex$7.5tMex$672.0b12.5x13x1.2x
Sat, 16 Sep 2023Mex$9.1tMex$7.4tMex$659.2b12.7x13.7x1.2x
Mon, 14 Aug 2023Mex$9.2tMex$7.4tMex$654.4b13.2x14.1x1.2x
Wed, 12 Jul 2023Mex$9.2tMex$7.3tMex$636.1b13.7x14.5x1.3x
Fri, 09 Jun 2023Mex$9.3tMex$7.3tMex$638.8b13.3x14.6x1.3x
Sun, 07 May 2023Mex$9.5tMex$7.4tMex$668.4b13.2x14.2x1.3x
Tue, 04 Apr 2023Mex$9.5tMex$7.2tMex$660.9b12x14.4x1.3x
Thu, 02 Mar 2023Mex$9.4tMex$7.3tMex$678.8b11.3x13.9x1.3x
Price to Earnings Ratio

13.9x


Total Market Cap: Mex$9.4tTotal Earnings: Mex$678.8bTotal Revenue: Mex$7.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 15x202420252026
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 15.0x.
Past Earnings Growth
  • Both revenue and earnings for Mexican listed companies have remained mostly flat over the last three years.
  • This means sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Sector Trends

Which sectors have driven the changes within the Mexican Market?

MX Market-0.16%
Energy7.76%
Consumer Discretionary1.98%
Industrials1.77%
Telecom1.15%
Utilities1.00%
Real Estate1.00%
Healthcare-0.28%
Materials-0.50%
Consumer Staples-1.33%
Financials-1.67%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 15.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 10.6% which is higher than its past year's earnings decline of 8.1% 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 32% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 26% 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
GAP B Grupo Aeroportuario del Pacífico. deMex$511.075.7%
+Mex$13.8b		28.0%PE26xIndustrials
GCARSO A1 Grupo Carso. deMex$131.484.1%
+Mex$11.6b		8.0%PE40.7xIndustrials
AMX B América Móvil. deMex$20.600.9%
+Mex$11.4b		36.8%PE15xTelecom
VISTA A Vista Energy. deMex$1.00k9.2%
+Mex$8.8b		-8.8%PE8.4xEnergy
CEMEX CPO CEMEX. deMex$22.042.3%
+Mex$7.2b		64.6%PE47.3xMaterials
See more

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Mex$200.00
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1Y
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0.9%
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Mex$511.07
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Mex$1,012.26
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OMA B
Mex$288.08
Grupo Aeroportuario del Centro Norte. de
7D
4.9%
1Y
41.1%

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