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Mexican (IPC) Market Analysis & Valuation

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies121
  • 7D0.6%
  • 3M4.5%
  • 1Y22.8%
  • YTD0.7%

In the last week, the market has been flat, with a notable exception in the Energy sector dropping 8.0%. Meanwhile, the market is actually up 23% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 09 Jan 2026Mex$10.2tMex$7.7tMex$663.1b13.4x15.3x1.3x
Sun, 07 Dec 2025Mex$10.1tMex$7.9tMex$658.8b12.6x15.4x1.3x
Tue, 04 Nov 2025Mex$10.2tMex$8.0tMex$656.1b12.5x15.5x1.3x
Thu, 02 Oct 2025Mex$9.9tMex$7.9tMex$615.2b12x16.1x1.3x
Sat, 30 Aug 2025Mex$9.4tMex$7.8tMex$617.2b12.1x15.2x1.2x
Mon, 28 Jul 2025Mex$9.3tMex$7.6tMex$619.8b12.2x14.9x1.2x
Wed, 25 Jun 2025Mex$9.2tMex$7.6tMex$602.2b11.9x15.3x1.2x
Fri, 23 May 2025Mex$9.2tMex$7.6tMex$590.2b12.1x15.6x1.2x
Sun, 20 Apr 2025Mex$8.7tMex$7.5tMex$605.6b11x14.4x1.2x
Tue, 18 Mar 2025Mex$8.6tMex$7.6tMex$594.9b10.6x14.5x1.1x
Thu, 13 Feb 2025Mex$8.9tMex$7.5tMex$626.7b11.6x14.2x1.2x
Sat, 11 Jan 2025Mex$8.6tMex$7.6tMex$615.2b11.3x13.9x1.1x
Mon, 09 Dec 2024Mex$8.7tMex$7.5tMex$602.5b12x14.4x1.2x
Wed, 06 Nov 2024Mex$8.6tMex$7.4tMex$596.1b11.6x14.5x1.2x
Fri, 04 Oct 2024Mex$9.1tMex$7.4tMex$588.4b12.1x15.4x1.2x
Sun, 01 Sep 2024Mex$9.1tMex$7.4tMex$590.2b11.8x15.4x1.2x
Tue, 30 Jul 2024Mex$9.0tMex$7.2tMex$581.9b12.1x15.5x1.2x
Thu, 27 Jun 2024Mex$9.0tMex$7.1tMex$583.6b12.8x15.4x1.3x
Sat, 25 May 2024Mex$9.4tMex$7.0tMex$560.9b13.5x16.7x1.3x
Mon, 22 Apr 2024Mex$9.3tMex$7.1tMex$574.7b13.6x16.2x1.3x
Wed, 20 Mar 2024Mex$9.5tMex$7.1tMex$585.5b13.3x16.3x1.3x
Fri, 16 Feb 2024Mex$9.6tMex$7.4tMex$623.5b13.7x15.4x1.3x
Sun, 14 Jan 2024Mex$9.6tMex$7.4tMex$655.8b12.9x14.7x1.3x
Tue, 12 Dec 2023Mex$9.4tMex$7.4tMex$658.6b12.3x14.3x1.3x
Thu, 09 Nov 2023Mex$8.8tMex$7.4tMex$656.9b11.8x13.4x1.2x
Sat, 07 Oct 2023Mex$8.8tMex$7.5tMex$665.8b12.4x13.2x1.2x
Mon, 04 Sep 2023Mex$9.2tMex$7.4tMex$657.7b13x14x1.2x
Wed, 02 Aug 2023Mex$9.5tMex$7.4tMex$661.7b13.3x14.3x1.3x
Fri, 30 Jun 2023Mex$9.2tMex$7.3tMex$638.4b13.1x14.4x1.3x
Sun, 28 May 2023Mex$9.3tMex$7.3tMex$639.2b13.3x14.5x1.3x
Tue, 25 Apr 2023Mex$9.5tMex$7.2tMex$658.9b12.8x14.4x1.3x
Thu, 23 Mar 2023Mex$8.8tMex$6.9tMex$614.1b12.7x14.3x1.3x
Sat, 18 Feb 2023Mex$9.4tMex$7.2tMex$664.1b11.9x14.2x1.3x
Mon, 16 Jan 2023Mex$9.5tMex$7.2tMex$658.5b11.8x14.4x1.3x
Price to Earnings Ratio

14.4x


Total Market Cap: Mex$9.5tTotal Earnings: Mex$658.5bTotal Revenue: Mex$7.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 14.9x202420252026
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 14.9x.
Past Earnings Growth
  • The earnings for Mexican listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 2.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Mexican Market?

MX Market0.57%
Materials2.42%
Consumer Staples0.80%
Utilities0.79%
Financials0.53%
Industrials0.42%
Real Estate0.13%
Consumer Discretionary-0.047%
Telecom-1.92%
Healthcare-3.61%
Energy-7.98%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 15.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 11.3% 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 Telecom sector, expecting annual earnings growth of 18% over the next 5 years.
  • However this is lower than its past earnings growth rate of 42% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 4.6% 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
GMEXICO B Grupo México. deMex$177.044.1%
+Mex$54.6b		73.1%PE17.6xMaterials
WALMEX * Wal-Mart de México. deMex$58.023.4%
+Mex$32.7b		3.7%PE19.9xConsumer Staples
GFNORTE O Grupo Financiero Banorte. deMex$169.461.5%
+Mex$7.0b		20.9%PB1.8xFinancials
GFINBUR O Grupo Financiero Inbursa. deMex$44.672.5%
+Mex$6.6b		3.1%PB1xFinancials
CUERVO * Becle. deMex$22.297.7%
+Mex$5.7b		0.9%PE9.1xConsumer Staples
See more

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