Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Mexican (IPC) Market Analysis & Valuation

UpdatedApr 29, 2026
DataAggregated Company Financials
Companies119
  • 7D-2.1%
  • 3M-1.1%
  • 1Y16.7%
  • YTD5.5%

Over the last 7 days, the market has dropped 2.1%, driven by a decline of 5.0% in the Materials sector. In contrast to the last week, the market is actually up 17% over the past year. As for the next few years, earnings are expected to grow by 10% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Apr 2026Mex$10.3tMex$7.6tMex$676.4b13.4x15.2x1.4x
Fri, 27 Mar 2026Mex$10.4tMex$7.7tMex$673.2b13.1x15.5x1.4x
Sun, 22 Feb 2026Mex$10.8tMex$7.6tMex$660.1b13.1x16.4x1.4x
Tue, 20 Jan 2026Mex$10.4tMex$7.7tMex$658.9b13.2x15.8x1.4x
Thu, 18 Dec 2025Mex$10.0tMex$7.8tMex$658.3b13.1x15.2x1.3x
Sat, 15 Nov 2025Mex$10.1tMex$8.0tMex$659.8b12.1x15.3x1.3x
Mon, 13 Oct 2025Mex$9.8tMex$7.9tMex$624.4b11.8x15.6x1.2x
Wed, 10 Sep 2025Mex$9.6tMex$7.8tMex$615.5b12.2x15.6x1.2x
Fri, 08 Aug 2025Mex$9.3tMex$7.8tMex$617.0b11.5x15.1x1.2x
Sun, 06 Jul 2025Mex$9.3tMex$7.6tMex$600.0b12.2x15.6x1.2x
Tue, 03 Jun 2025Mex$9.2tMex$7.6tMex$590.3b12.4x15.6x1.2x
Thu, 01 May 2025Mex$9.1tMex$7.5tMex$605.2b10.9x15.1x1.2x
Sat, 29 Mar 2025Mex$8.6tMex$7.6tMex$609.5b10.6x14.2x1.1x
Mon, 24 Feb 2025Mex$8.9tMex$7.6tMex$623.9b12x14.3x1.2x
Wed, 22 Jan 2025Mex$8.6tMex$7.6tMex$614.7b11.2x13.9x1.1x
Fri, 20 Dec 2024Mex$8.6tMex$7.5tMex$611.6b11.6x14.1x1.1x
Sun, 17 Nov 2024Mex$8.5tMex$7.4tMex$602.5b11.6x14.1x1.1x
Tue, 15 Oct 2024Mex$9.1tMex$7.3tMex$587.1b12.2x15.5x1.2x
Thu, 12 Sep 2024Mex$8.9tMex$7.4tMex$590.8b11.7x15.1x1.2x
Sat, 10 Aug 2024Mex$9.1tMex$7.3tMex$585.7b11.4x15.5x1.2x
Mon, 08 Jul 2024Mex$9.0tMex$7.1tMex$583.0b12.5x15.4x1.3x
Wed, 05 Jun 2024Mex$8.8tMex$7.1tMex$573.5b12.9x15.3x1.2x
Fri, 03 May 2024Mex$9.4tMex$7.1tMex$568.9b13.3x16.5x1.3x
Sun, 31 Mar 2024Mex$9.6tMex$7.1tMex$580.8b13.7x16.5x1.4x
Tue, 27 Feb 2024Mex$9.6tMex$7.2tMex$587.2b13.6x16.4x1.3x
Thu, 25 Jan 2024Mex$9.6tMex$7.4tMex$662.1b12.8x14.4x1.3x
Sat, 23 Dec 2023Mex$9.8tMex$7.4tMex$656.4b13.2x15x1.3x
Mon, 20 Nov 2023Mex$9.0tMex$7.4tMex$657.0b11.7x13.7x1.2x
Wed, 18 Oct 2023Mex$8.8tMex$7.5tMex$664.9b12.3x13.2x1.2x
Fri, 15 Sep 2023Mex$9.1tMex$7.4tMex$659.2b12.7x13.7x1.2x
Sun, 13 Aug 2023Mex$9.3tMex$7.5tMex$659.9b13.2x14.1x1.3x
Tue, 11 Jul 2023Mex$9.3tMex$7.3tMex$636.1b13.7x14.6x1.3x
Thu, 08 Jun 2023Mex$9.3tMex$7.3tMex$637.7b13.3x14.6x1.3x
Sat, 06 May 2023Mex$9.5tMex$7.4tMex$669.9b13x14.2x1.3x
Price to Earnings Ratio

14.2x


Total Market Cap: Mex$9.5tTotal Earnings: Mex$669.9bTotal Revenue: Mex$7.4tTotal 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
  • 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-2.12%
Energy5.38%
Telecom1.39%
Utilities-0.53%
Consumer Staples-1.25%
Financials-1.35%
Consumer Discretionary-1.41%
Real Estate-2.30%
Industrials-4.18%
Materials-5.01%
Healthcare-8.81%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 16.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 10.1% which is higher than its past year's earnings decline of 2.7% 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 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 24% 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
AMX B América Móvil. deMex$22.751.7%
+Mex$22.1b		34.5%PE15.6xTelecom
AC * Arca Continental. deMex$212.133.5%
+Mex$12.0b		2.8%PE18.7xConsumer Staples
CEMEX CPO CEMEX. deMex$21.083.1%
+Mex$9.3b		74.2%PE34.9xMaterials
VISTA A Vista Energy. deMex$1.27k5.7%
+Mex$7.1b		43.6%PE10.6xEnergy
GENTERA * Gentera. deMex$46.993.0%
+Mex$2.2b		37.2%PE8.7xFinancials
See more

Market Insights

Header cover image
Alibaba, Baidu, Xiaomi and BYD became global names thanks to China’s support. The next 5-year plan has now been revealed and will show where growth may be concentrated next.
Continue reading
A (virtual) reality check for VR, Web3 and Metaverse

Latest News

AMX B
Mex$22.75
América Móvil. de
7D
1.7%
1Y
34.5%
OMA B
Mex$230.55
Grupo Aeroportuario del Centro Norte. de
7D
-8.2%
1Y
6.5%
GFINBUR O
Mex$43.35
Grupo Financiero Inbursa. de
7D
-3.6%
1Y
-14.0%
GCARSO A1
Mex$137.50
Grupo Carso. de
7D
-5.2%
1Y
0.9%

GCARSO A1: Steady Assumptions Will Sustain Overvaluation Risk At Current Pricing

Analysts have kept the price target for Grupo Carso steady at MX$115.00, reflecting only minor adjustments to the discount rate and forward P/E assumptions rather than any significant change in the core outlook. Valuation Changes Fair Value: Kept unchanged at MX$115.00, indicating no shift in the central valuation anchor.
ASUR B
Mex$529.20
Grupo Aeroportuario del Sureste S. A. B. de C. V
7D
-6.1%
1Y
-14.8%
MEGA CPO
Mex$61.12
Megacable Holdings S. A. B. de C. V
7D
3.3%
1Y
27.4%
CEMEX CPO
Mex$21.08
CEMEX. de
7D
3.1%
1Y
74.2%
GENTERA *
Mex$46.99
Gentera. de
7D
3.0%
1Y
37.2%
AC *
Mex$212.13
Arca Continental. de
7D
3.5%
1Y
2.8%
ALPEK A
Mex$12.01
ALPEK. de
7D
6.3%
1Y
20.1%
VISTA A
Mex$1,267.98
Vista Energy. de
7D
5.7%
1Y
43.6%
WALMEX *
Mex$53.27
Wal-Mart de México. de
7D
-2.9%
1Y
-14.3%
GAP B
Mex$442.29
Grupo Aeroportuario del Pacífico. de
7D
-3.5%
1Y
11.1%
GMEXICO B
Mex$189.31
Grupo México. de
7D
-6.7%
1Y
85.8%

GMEXICO B: Rich P/E Multiples Will Strain Execution As Mixed Calls Persist

Analysts have lifted their MX$ fair value estimate for Grupo México from about MX$89.95 to roughly MX$97.88, citing updated expectations for revenue growth, higher profit margins, and a lower forward P/E multiple reflected in recent research, including target increases and rating changes from major firms. Analyst Commentary Recent Street research on Grupo México has been mixed, with upgrades and higher price targets from some large firms appearing alongside more cautious views.
ESENTIA II
Mex$57.72
Esentia Energy Systems
7D
4.2%
1Y
n/a
PE&OLES *
Mex$911.33
Industrias Peñoles. de
7D
-8.0%
1Y
133.0%