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

Mexican (IPC) Market Analysis & Valuation

UpdatedSep 15, 2026
DataAggregated Company Financials
Companies119
  • 7D-0.6%
  • 3M-4.3%
  • 1Y5.6%
  • YTD2.8%

Over the last 7 days, the market has dropped 1.2%, driven by pullbacks in the Materials and Consumer Staples sectors of 1.8% and 1.8%, respectively. Meanwhile, the Energy sector has outperformed, gaining 3.2% in that time. As for the longer term, the market has actually risen by 5.9% in the last year. Looking forward, earnings are forecast to grow by 7.6% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 15 Sep 2026Mex$10.3tMex$7.8tMex$744.1b13.2x13.8x1.3x
Thu, 13 Aug 2026Mex$10.2tMex$7.7tMex$732.7b13.4x14x1.3x
Sat, 11 Jul 2026Mex$10.2tMex$7.7tMex$705.3b12.2x14.4x1.3x
Mon, 08 Jun 2026Mex$10.1tMex$7.6tMex$700.4b12.2x14.5x1.3x
Wed, 06 May 2026Mex$10.5tMex$7.6tMex$695.5b13.6x15.1x1.4x
Fri, 03 Apr 2026Mex$10.8tMex$7.7tMex$682.4b13.8x15.8x1.4x
Sun, 01 Mar 2026Mex$10.9tMex$7.8tMex$669.0b13.2x16.4x1.4x
Tue, 27 Jan 2026Mex$10.4tMex$7.6tMex$648.8b13.1x16x1.4x
Thu, 25 Dec 2025Mex$10.3tMex$7.8tMex$657.8b13.1x15.7x1.3x
Sat, 22 Nov 2025Mex$9.9tMex$8.0tMex$661.1b12.4x15x1.2x
Mon, 20 Oct 2025Mex$10.0tMex$7.9tMex$639.7b11.8x15.6x1.3x
Wed, 17 Sep 2025Mex$9.8tMex$7.9tMex$613.6b12.1x16x1.2x
Fri, 15 Aug 2025Mex$9.3tMex$7.8tMex$618.9b12x15.1x1.2x
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
Price to Earnings Ratio

13.9x


Total Market Cap: Mex$9.2tTotal Earnings: Mex$659.9bTotal Revenue: Mex$7.5tTotal 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
  • The earnings for Mexican listed companies have grown 4.0% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the Mexican Market?

MX Market-0.62%
Energy2.85%
Telecom1.64%
Consumer Staples0.88%
Real Estate0.42%
Consumer Discretionary0.33%
Financials-0.34%
Utilities-0.61%
Healthcare-0.73%
Industrials-0.85%
Materials-3.71%
Sector PE
  • Investors favour the Industrials sector the most for future growth even though it's trading below its 3-year average PE ratio of 19.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 8.4% which is higher than its past year's earnings decline of 17.1% 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 17% over the next 5 years.
  • This is better than its past earnings decline of 0.3% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 46% 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$19.841.9%
+Mex$22.2b		5.7%PE13.3xTelecom
FEMSA UBD Fomento Económico Mexicano. deMex$207.702.9%
+Mex$19.6b		19.6%PE22xConsumer Staples
AC * Arca Continental. deMex$198.993.6%
+Mex$11.7b		5.1%PE18xConsumer Staples
VISTA A Vista Energy. deMex$1.31k3.3%
+Mex$4.7b		101.9%PE10.3xEnergy
SORIANA B Organización Soriana S. A. B. de C. VMex$27.566.0%
+Mex$2.8b		12.5%PE13.1xConsumer Staples
See more

Market Insights

Header cover image
Greater regulatory scrutiny is catching up with digital platforms, posing a rising risk for social media stocks. But as Big Tobacco discovered, that's not always a bad outcome for shareholders.
Continue reading
What 13F filings won't tell you about a billionaire's stock picks

Latest News

CEMEX CPO
Mex$17.91
CEMEX. de
7D
-4.3%
1Y
3.0%
GMEXICO B
Mex$213.91
Grupo México. de
7D
-4.0%
1Y
56.5%
VISTA A
Mex$1,313.99
Vista Energy. de
7D
3.3%
1Y
101.9%
WALMEX *
Mex$46.04
Wal-Mart de México. de
7D
-0.7%
1Y
-18.9%
Narrative Update • Sep 08

WALMEX *: Softer Consumption And Lower P/E Expectations Will Drive A Cautious Outlook

Analysts have trimmed the fair value estimate for Wal-Mart de México to MX$42 from MX$47, citing lower P/E expectations and a softer consumer backdrop in Mexico, even as margins remain resilient and recent trends appear to be stabilizing. Analyst Commentary Recent Street research on Wal-Mart de México reflects a more cautious tone, with several bearish analysts trimming price targets and turning more guarded on the near term outlook.
GENTERA *
Mex$37.73
Gentera. de
7D
-4.9%
1Y
-17.9%
SORIANA B
Mex$27.56
Organización Soriana S. A. B. de C. V
7D
6.0%
1Y
12.5%
Narrative Update • Sep 03

SORIANA B: Higher Margin Assumptions Will Likely Deepen Overvaluation Risk

Analysts have raised the 12 month price target for Organización Soriana S. A.
MEGA CPO
Mex$51.89
Megacable Holdings S. A. B. de C. V
7D
3.9%
1Y
-12.0%
AMX B
Mex$19.84
América Móvil. de
7D
1.9%
1Y
5.7%
MFRISCO A-1
Mex$20.27
Minera Frisco. de
7D
-10.7%
1Y
322.3%
Analysis Article • Aug 21

If EPS Growth Is Important To You, Minera Frisco. de (BMV:MFRISCOA-1) Presents An Opportunity

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
FEMSA UBD
Mex$207.70
Fomento Económico Mexicano. de
7D
2.9%
1Y
19.6%
Narrative Update • Aug 19

FEMSA UBD: Higher Future P/E Assumptions Will Support Further Upside

Analysts have lifted their price target for Fomento Económico Mexicano to MX$247.74 from MX$236.35, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E estimates. What's in the News for Fomento Económico Mexicano Analysts updated their fair value assumptions for Fomento Económico Mexicano, which contributed to the new MX$247.74 price target.
AC *
Mex$198.99
Arca Continental. de
7D
3.6%
1Y
5.1%
GCARSO A1
Mex$134.05
Grupo Carso. de
7D
-0.9%
1Y
1.9%
Analysis Article • Aug 04

Grupo Carso. de's (BMV:GCARSOA1) Weak Earnings May Only Reveal A Part Of The Whole Picture

The market rallied behind Grupo Carso, S.A.B. de C.V.'s ( BMV:GCARSOA1 ) stock, leading do a rise in the share price...
FIBRAPL 14
Mex$75.77
FIBRA Prologis
7D
2.2%
1Y
7.0%
PINFRA *
Mex$263.14
Promotora y Operadora de Infraestructura S. A. B. de C. V
7D
-2.6%
1Y
5.4%
GFNORTE O
Mex$200.75
Grupo Financiero Banorte. de
7D
0.3%
1Y
8.6%
PE&OLES *
Mex$888.94
Industrias Peñoles. de
7D
-2.3%
1Y
14.9%