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Mexican (IPC) Market Analysis & Valuation

UpdatedJul 21, 2026
DataAggregated Company Financials
Companies120
  • 7D0.02%
  • 3M-2.8%
  • 1Y18.5%
  • YTD4.9%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. Meanwhile, the market is actually up 19% over the past year. As for the next few years, earnings are expected to grow by 9.5% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jul 2026Mex$10.2tMex$7.7tMex$706.1b12.4x14.5x1.3x
Thu, 18 Jun 2026Mex$10.4tMex$7.7tMex$704.3b12.2x14.8x1.4x
Sat, 16 May 2026Mex$10.5tMex$7.6tMex$704.5b12.9x15x1.4x
Mon, 13 Apr 2026Mex$10.9tMex$7.6tMex$678.5b13.5x16.1x1.4x
Wed, 11 Mar 2026Mex$10.4tMex$7.7tMex$670.3b13.4x15.5x1.4x
Fri, 06 Feb 2026Mex$10.5tMex$7.6tMex$656.1b13x16x1.4x
Sun, 04 Jan 2026Mex$10.1tMex$7.7tMex$662.6b13.5x15.2x1.3x
Tue, 02 Dec 2025Mex$10.2tMex$8.0tMex$659.8b12.9x15.5x1.3x
Thu, 30 Oct 2025Mex$10.2tMex$8.0tMex$650.1b11.8x15.8x1.3x
Sat, 27 Sep 2025Mex$9.9tMex$7.9tMex$613.9b12.2x16.1x1.3x
Mon, 25 Aug 2025Mex$9.5tMex$7.8tMex$616.8b12.1x15.4x1.2x
Wed, 23 Jul 2025Mex$9.0tMex$7.6tMex$597.4b12x15x1.2x
Fri, 20 Jun 2025Mex$9.0tMex$7.6tMex$592.2b11.6x15.2x1.2x
Sun, 18 May 2025Mex$9.2tMex$7.6tMex$591.4b12x15.6x1.2x
Tue, 15 Apr 2025Mex$8.6tMex$7.6tMex$609.4b10.6x14.2x1.1x
Thu, 13 Mar 2025Mex$8.5tMex$7.6tMex$597.3b11x14.3x1.1x
Sat, 08 Feb 2025Mex$8.8tMex$7.2tMex$608.2b11.6x14.4x1.2x
Mon, 06 Jan 2025Mex$8.4tMex$7.6tMex$613.4b11.7x13.7x1.1x
Wed, 04 Dec 2024Mex$8.6tMex$7.5tMex$603.4b12.3x14.2x1.1x
Fri, 01 Nov 2024Mex$8.7tMex$7.4tMex$605.9b11.6x14.4x1.2x
Sun, 29 Sep 2024Mex$9.1tMex$7.4tMex$590.3b12x15.5x1.2x
Tue, 27 Aug 2024Mex$9.2tMex$7.4tMex$589.3b11.6x15.6x1.2x
Thu, 25 Jul 2024Mex$9.2tMex$7.2tMex$568.7b12.5x16.1x1.3x
Sat, 22 Jun 2024Mex$9.1tMex$7.1tMex$582.5b12.9x15.6x1.3x
Mon, 20 May 2024Mex$9.6tMex$7.0tMex$560.5b13.8x17.1x1.4x
Wed, 17 Apr 2024Mex$9.3tMex$7.1tMex$582.6b12.9x16x1.3x
Fri, 15 Mar 2024Mex$9.6tMex$7.1tMex$584.7b13.3x16.4x1.3x
Sun, 11 Feb 2024Mex$9.6tMex$7.4tMex$626.9b13.8x15.3x1.3x
Tue, 09 Jan 2024Mex$9.7tMex$7.4tMex$655.6b13.3x14.9x1.3x
Thu, 07 Dec 2023Mex$9.4tMex$7.4tMex$658.0b12.3x14.2x1.3x
Sat, 04 Nov 2023Mex$8.8tMex$7.5tMex$662.4b11.7x13.2x1.2x
Mon, 02 Oct 2023Mex$9.0tMex$7.5tMex$660.9b12.9x13.6x1.2x
Wed, 30 Aug 2023Mex$9.2tMex$7.4tMex$656.0b12.9x14.1x1.2x
Fri, 28 Jul 2023Mex$9.4tMex$7.4tMex$657.9b13x14.4x1.3x
Price to Earnings Ratio

14.4x


Total Market Cap: Mex$9.4tTotal Earnings: Mex$657.9bTotal 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
  • The earnings for Mexican listed companies have grown 2.4% 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 Market0.015%
Industrials0.72%
Real Estate0.65%
Consumer Staples0.45%
Telecom0.21%
Materials0.0025%
Utilities-0.53%
Consumer Discretionary-0.59%
Healthcare-1.10%
Financials-1.48%
Energy-1.83%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading close to its 3-year average PE ratio of 19.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 10.7% which is higher than its past year's earnings decline of 13.5% 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 18% over the next 5 years.
  • However this is lower than its past earnings growth rate of 29% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 44% 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
GCARSO A1 Grupo Carso. deMex$136.958.0%
+Mex$23.0b		3.1%PE40.6xIndustrials
BIMBO A Grupo Bimbo. deMex$59.505.6%
+Mex$13.5b		20.9%PE21.9xConsumer Staples
GMEXICO B Grupo México. deMex$200.830.6%
+Mex$9.9b		72.4%PE15.8xMaterials
AC * Arca Continental. deMex$201.662.2%
+Mex$7.2b		4.3%PE17.8xConsumer Staples
VISTA A Vista Energy. deMex$1.11k-2.9%
Mex$3.5b		37.4%PE8.6xEnergy
See more

Market Insights

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Latest News

GCARSO A1
Mex$136.95
Grupo Carso. de
7D
8.0%
1Y
3.1%
BIMBO A
Mex$59.50
Grupo Bimbo. de
7D
5.6%
1Y
20.9%
VISTA A
Mex$1,112.50
Vista Energy. de
7D
-2.9%
1Y
37.4%
Analysis Article • Jul 19

The Vista Energy, S.A.B. de C.V. (BMV:VISTAA) Second-Quarter Results Are Out And Analysts Have Published New Forecasts

Last week saw the newest quarterly earnings release from Vista Energy, S.A.B. de C.V. ( BMV:VISTAA ), an important...
GAP B
Mex$376.92
Grupo Aeroportuario del Pacífico. de
7D
-4.6%
1Y
-8.0%
FEMSA UBD
Mex$226.97
Fomento Económico Mexicano. de
7D
-2.3%
1Y
23.7%
GFNORTE O
Mex$179.98
Grupo Financiero Banorte. de
7D
-3.3%
1Y
12.8%
AMX B
Mex$22.75
América Móvil. de
7D
-0.2%
1Y
42.1%
MEGA CPO
Mex$64.01
Megacable Holdings S. A. B. de C. V
7D
4.5%
1Y
17.6%
Narrative Update • Jul 10

MEGA CPO: Higher P/E Expectations Will Outrun Slowing Margins And Revenue

Analysts have lifted their price target for Megacable Holdings S. A.
AC *
Mex$201.66
Arca Continental. de
7D
2.2%
1Y
4.3%
GENTERA *
Mex$38.28
Gentera. de
7D
-3.8%
1Y
-4.5%
Narrative Update • Jul 08

GENTERA *: Higher P/E Expectations Will Support Upcoming Extraordinary Shareholder Meeting

The Gentera analyst price target has been revised from MX$38.18 to MX$45.00. Analysts attribute the higher valuation to updated assumptions on revenue growth, profit margin, discount rate, and future P/E.
CEMEX CPO
Mex$21.88
CEMEX. de
7D
-1.4%
1Y
49.0%
Narrative Update • Jul 07

CEMEX CPO: Higher Expected Margins Will Support Future Earnings Multiple

The analyst price target for CEMEX de has been revised from MX$25.09 to MX$26.17. This change reflects updated assumptions for revenue growth, profit margins, discount rate and future P/E that analysts now consider more appropriate for the stock.
GMEXICO B
Mex$200.83
Grupo México. de
7D
0.6%
1Y
72.4%
Narrative Update • Jul 07

GMEXICO B: Recent Upgrade And Higher P/E Assumptions May Support Future Upside

Grupo México's updated analyst price target has moved to MX$284.97 from MX$235.53. This shift reflects analysts' refreshed views following recent target increases from several firms that cited revised assumptions for growth, profitability and future P/E levels.
GRUMA B
Mex$287.86
Gruma. de
7D
3.0%
1Y
-9.7%
FUNO 11
Mex$30.74
Fibra UNO
7D
2.0%
1Y
19.1%
Narrative Update • Jun 23

FUNO 11: Softer Margin Outlook Will Likely Weigh On Future Earnings

Analysts trimmed their fair value estimate for Fibra UNO slightly, with the price target moving from MX$25.63 to MX$25.48. They cited updated assumptions for revenue growth, profit margins and the future P/E multiple.
OMA B
Mex$226.44
Grupo Aeroportuario del Centro Norte. de
7D
-3.7%
1Y
-9.2%
CMOCTEZ *
Mex$79.50
Corporación Moctezuma. de
7D
-6.4%
1Y
-2.3%