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Mexican (IPC) Market Analysis & Valuation
UpdatedAug 12, 2025
DataAggregated Company Financials
Companies119
- 7D1.8%
- 3M-0.2%
- 1Y2.8%
- YTD11.4%
The market is up 1.8% in the last 7 days, led by the Materials and Communication Services sectors. On the other hand, with a decline of 5.9%, the Energy sector is lagging behind. As for last year, the market performance has been flat. Earnings are forecast to grow by 12% annually.
Market Valuation and Performance
Has the Mexican Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 13 Aug 2025 | Mex$9.4t | Mex$7.8t | Mex$617.4b | 12.1x | 15.2x | 1.2x |
| Fri, 11 Jul 2025 | Mex$9.2t | Mex$7.6t | Mex$599.9b | 12.2x | 15.3x | 1.2x |
| Sun, 08 Jun 2025 | Mex$9.3t | Mex$7.6t | Mex$589.8b | 12.5x | 15.7x | 1.2x |
| Tue, 06 May 2025 | Mex$9.1t | Mex$7.6t | Mex$606.1b | 11.4x | 15x | 1.2x |
| Thu, 03 Apr 2025 | Mex$8.7t | Mex$7.6t | Mex$609.8b | 10.6x | 14.3x | 1.2x |
| Sat, 01 Mar 2025 | Mex$8.6t | Mex$7.5t | Mex$599.7b | 11.6x | 14.4x | 1.1x |
| Mon, 27 Jan 2025 | Mex$8.7t | Mex$7.5t | Mex$611.2b | 11.4x | 14.2x | 1.2x |
| Wed, 25 Dec 2024 | Mex$8.5t | Mex$7.5t | Mex$610.6b | 11.7x | 13.9x | 1.1x |
| Fri, 22 Nov 2024 | Mex$8.4t | Mex$7.4t | Mex$602.6b | 11.7x | 14x | 1.1x |
| Sun, 20 Oct 2024 | Mex$9.2t | Mex$7.4t | Mex$594.4b | 12.3x | 15.5x | 1.2x |
| Tue, 17 Sep 2024 | Mex$9.0t | Mex$7.3t | Mex$587.8b | 11.7x | 15.4x | 1.2x |
| Thu, 15 Aug 2024 | Mex$9.2t | Mex$7.3t | Mex$586.2b | 11.7x | 15.7x | 1.3x |
| Sat, 13 Jul 2024 | Mex$9.3t | Mex$7.1t | Mex$581.1b | 13.6x | 16x | 1.3x |
| Mon, 10 Jun 2024 | Mex$9.0t | Mex$7.1t | Mex$576.6b | 12.6x | 15.5x | 1.3x |
| Wed, 08 May 2024 | Mex$9.5t | Mex$7.1t | Mex$568.3b | 13.2x | 16.7x | 1.3x |
| Fri, 05 Apr 2024 | Mex$9.6t | Mex$7.1t | Mex$580.9b | 13.6x | 16.5x | 1.4x |
| Sun, 03 Mar 2024 | Mex$9.5t | Mex$7.1t | Mex$584.2b | 13.7x | 16.3x | 1.3x |
| Tue, 30 Jan 2024 | Mex$9.8t | Mex$7.4t | Mex$662.6b | 13.3x | 14.7x | 1.3x |
| Thu, 28 Dec 2023 | Mex$9.9t | Mex$7.4t | Mex$656.0b | 13.3x | 15.1x | 1.3x |
| Sat, 25 Nov 2023 | Mex$9.2t | Mex$7.4t | Mex$657.1b | 11.9x | 14x | 1.2x |
| Mon, 23 Oct 2023 | Mex$8.6t | Mex$7.5t | Mex$659.9b | 11.9x | 13.1x | 1.1x |
| Wed, 20 Sep 2023 | Mex$9.0t | Mex$7.4t | Mex$659.0b | 12.7x | 13.7x | 1.2x |
| Fri, 18 Aug 2023 | Mex$9.3t | Mex$7.4t | Mex$655.0b | 13.1x | 14.2x | 1.2x |
| Sun, 16 Jul 2023 | Mex$9.3t | Mex$7.3t | Mex$645.4b | 13.1x | 14.3x | 1.3x |
| Tue, 13 Jun 2023 | Mex$9.3t | Mex$7.3t | Mex$638.1b | 13.5x | 14.6x | 1.3x |
| Thu, 11 May 2023 | Mex$9.7t | Mex$7.4t | Mex$666.8b | 13.2x | 14.5x | 1.3x |
| Sat, 08 Apr 2023 | Mex$9.4t | Mex$7.0t | Mex$662.6b | 12x | 14.2x | 1.3x |
| Mon, 06 Mar 2023 | Mex$9.5t | Mex$7.3t | Mex$661.6b | 11.5x | 14.4x | 1.3x |
| Wed, 01 Feb 2023 | Mex$9.6t | Mex$7.2t | Mex$665.7b | 11.9x | 14.4x | 1.3x |
| Fri, 30 Dec 2022 | Mex$8.9t | Mex$7.2t | Mex$663.0b | 11.8x | 13.4x | 1.2x |
| Sun, 27 Nov 2022 | Mex$9.2t | Mex$7.3t | Mex$648.8b | 11.5x | 14.2x | 1.3x |
| Tue, 25 Oct 2022 | Mex$8.5t | Mex$7.3t | Mex$635.8b | 10.8x | 13.4x | 1.2x |
| Thu, 22 Sep 2022 | Mex$8.6t | Mex$7.2t | Mex$626.4b | 11.1x | 13.7x | 1.2x |
| Sat, 20 Aug 2022 | Mex$8.8t | Mex$7.2t | Mex$627.6b | 11.5x | 13.9x | 1.2x |
Price to Earnings Ratio
13.9x
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 14.5x.
Past Earnings Growth
- The earnings for Mexican listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 2.5% 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 Market | 1.83% | |
| Healthcare | 5.61% | |
| Telecom | 4.07% | |
| Materials | 3.34% | |
| Industrials | 1.82% | |
| Financials | 1.19% | |
| Consumer Staples | 1.07% | |
| Utilities | 0.49% | |
| Consumer Discretionary | 0.38% | |
| Real Estate | -0.28% | |
| Energy | -5.91% | |
Sector PE
- Investors favour the Utilities sector the most for future growth which is trading above its 3-year average PE ratio.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 8.5x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 20% over the next 5 years.
- This is better than its past earnings growth rate of 6.4% per year.
- In contrast, the Real Estate sector is expected to see its earnings decline by 2.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| GMEXICO B Grupo México. de | Mex$129.11 | 7.6% +Mex$70.8b | 22.8% | PE13.9x | Materials | |
| AMX B América Móvil. de | Mex$17.71 | 4.4% +Mex$44.5b | 10.5% | PE20.8x | Telecom | |
| WALMEX * Wal-Mart de México. de | Mex$56.20 | 4.3% +Mex$40.1b | -10.5% | PE18.9x | Consumer Staples | |
| PE&OLES * Industrias Peñoles. de | Mex$586.10 | 6.9% +Mex$15.0b | 132.5% | PE19.2x | Materials | |
| GAP B Grupo Aeroportuario del Pacífico. de | Mex$463.65 | 3.9% +Mex$8.9b | 52.6% | PE25.4x | Industrials |
