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Mexican (IPC) Market Analysis & Valuation

UpdatedAug 14, 2025
DataAggregated Company Financials
Companies119
  • 7D0.08%
  • 3M-0.2%
  • 1Y2.2%
  • YTD11.6%

In the last week, the market has been flat, with a notable exception in the Energy sector dropping 3.6%. Similarly, the market is flat for the past 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 15 Aug 2025Mex$9.4tMex$7.8tMex$617.8b12x15.2x1.2x
Sun, 13 Jul 2025Mex$9.2tMex$7.6tMex$601.8b12.1x15.3x1.2x
Tue, 10 Jun 2025Mex$9.2tMex$7.6tMex$590.4b12.5x15.6x1.2x
Thu, 08 May 2025Mex$9.4tMex$7.6tMex$604.9b11.5x15.5x1.2x
Sat, 05 Apr 2025Mex$8.5tMex$7.6tMex$609.9b10.5x13.9x1.1x
Mon, 03 Mar 2025Mex$8.6tMex$7.6tMex$596.7b11.2x14.4x1.1x
Wed, 29 Jan 2025Mex$8.7tMex$7.6tMex$614.1b11.6x14.2x1.2x
Fri, 27 Dec 2024Mex$8.5tMex$7.5tMex$610.9b11.7x13.9x1.1x
Sun, 24 Nov 2024Mex$8.5tMex$7.4tMex$603.0b11.7x14.1x1.1x
Tue, 22 Oct 2024Mex$9.2tMex$7.4tMex$594.9b12.2x15.4x1.2x
Thu, 19 Sep 2024Mex$9.1tMex$7.4tMex$588.0b11.9x15.4x1.2x
Sat, 17 Aug 2024Mex$9.3tMex$7.3tMex$585.1b11.7x15.8x1.3x
Mon, 15 Jul 2024Mex$9.4tMex$7.1tMex$582.6b13.6x16.1x1.3x
Wed, 12 Jun 2024Mex$9.0tMex$7.1tMex$577.2b12.6x15.6x1.3x
Fri, 10 May 2024Mex$9.5tMex$7.0tMex$567.8b13x16.7x1.3x
Sun, 07 Apr 2024Mex$9.6tMex$7.1tMex$580.1b13.7x16.6x1.4x
Tue, 05 Mar 2024Mex$9.5tMex$7.1tMex$585.1b13.8x16.2x1.3x
Thu, 01 Feb 2024Mex$9.8tMex$7.4tMex$656.8b13.2x15x1.3x
Sat, 30 Dec 2023Mex$9.9tMex$7.4tMex$656.4b13.5x15.1x1.3x
Mon, 27 Nov 2023Mex$9.2tMex$7.4tMex$657.1b11.9x14x1.2x
Wed, 25 Oct 2023Mex$8.6tMex$7.5tMex$655.5b12.3x13.1x1.2x
Fri, 22 Sep 2023Mex$9.2tMex$7.5tMex$659.9b12.8x13.9x1.2x
Sun, 20 Aug 2023Mex$9.2tMex$7.4tMex$654.5b12.9x14.1x1.2x
Tue, 18 Jul 2023Mex$9.3tMex$7.3tMex$645.9b13x14.3x1.3x
Thu, 15 Jun 2023Mex$9.3tMex$7.3tMex$637.3b13.4x14.6x1.3x
Sat, 13 May 2023Mex$9.6tMex$7.4tMex$667.3b13.2x14.3x1.3x
Mon, 10 Apr 2023Mex$9.4tMex$7.2tMex$661.9b12x14.3x1.3x
Wed, 08 Mar 2023Mex$9.4tMex$7.3tMex$662.6b11.5x14.1x1.3x
Fri, 03 Feb 2023Mex$9.5tMex$7.2tMex$671.0b11.7x14.2x1.3x
Sun, 01 Jan 2023Mex$8.9tMex$7.2tMex$663.1b11.8x13.4x1.2x
Tue, 29 Nov 2022Mex$9.1tMex$7.3tMex$648.8b11.5x14.1x1.2x
Thu, 27 Oct 2022Mex$8.7tMex$7.2tMex$637.1b10.8x13.7x1.2x
Sat, 24 Sep 2022Mex$8.4tMex$7.2tMex$627.8b10.8x13.3x1.2x
Mon, 22 Aug 2022Mex$8.8tMex$7.2tMex$627.6b11.5x13.9x1.2x
Price to Earnings Ratio

13.9x


Total Market Cap: Mex$8.8tTotal Earnings: Mex$627.6bTotal Revenue: Mex$7.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 14.5x202320242025
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 Market0.078%
Materials2.72%
Healthcare1.82%
Financials0.38%
Utilities0.17%
Consumer Discretionary-0.064%
Telecom-0.073%
Real Estate-0.15%
Industrials-0.81%
Consumer Staples-1.04%
Energy-3.65%
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?

CompanyLast Price7D1YValuationSector
GMEXICO B Grupo México. deMex$127.775.1%
+Mex$48.5b		17.7%PE13.7xMaterials
ASUR B Grupo Aeroportuario del Sureste S. A. B. de C. VMex$601.933.3%
+Mex$5.7b		14.8%PE14.5xIndustrials
GFNORTE O Grupo Financiero Banorte. deMex$168.620.9%
+Mex$4.1b		17.4%PB1.9xFinancials
GAP B Grupo Aeroportuario del Pacífico. deMex$456.701.3%
+Mex$2.9b		49.8%PE25xIndustrials
BIMBO A Grupo Bimbo. deMex$55.870.9%
+Mex$2.1b		-19.6%PE20.6xConsumer Staples
See more

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PE&OLES *
Mex$566.88
Industrias Peñoles. de
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1Y
121.4%
CEMEX CPO
Mex$16.18
CEMEX. de
7D
0.9%
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26.9%
ALFA A
Mex$14.31
Alfa. de
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2.1%
1Y
25.1%
WALMEX *
Mex$56.58
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GAP B
Mex$456.70
Grupo Aeroportuario del Pacífico. de
7D
1.3%
1Y
49.8%
FEMSA UBD
Mex$159.81
Fomento Económico Mexicano. de
7D
-2.8%
1Y
-24.1%
AC *
Mex$197.89
Arca Continental. de
7D
-0.8%
1Y
4.8%
CHDRAUI B
Mex$156.37
Grupo Comercial Chedraui. de
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GMEXICO B
Mex$127.77
Grupo México. de
7D
5.1%
1Y
17.7%
GCARSO A1
Mex$128.66
Grupo Carso. de
7D
-3.2%
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7.1%

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BIMBO A
Mex$55.87
Grupo Bimbo. de
7D
0.9%
1Y
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ASUR B
Mex$601.93
Grupo Aeroportuario del Sureste S. A. B. de C. V
7D
3.3%
1Y
14.8%
GFNORTE O
Mex$168.62
Grupo Financiero Banorte. de
7D
0.9%
1Y
17.4%
VISTA A
Mex$804.97
Vista Energy. de
7D
-3.6%
1Y
-13.4%