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Mexican (IPC) Market Analysis & Valuation

UpdatedAug 16, 2026
DataAggregated Company Financials
Companies118
  • 7D-2.9%
  • 3M-4.7%
  • 1Y10.9%
  • YTD2.6%

Over the last 7 days, the market has dropped 2.9%, driven by losses in the Consumer Staples and Materials sectors of 3.2% and 2.8%, respectively. As for the longer term, the market has actually risen by 11% in the last year. Earnings are forecast to grow by 8.2% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Aug 2026Mex$10.1tMex$7.7tMex$737.6b13.1x13.7x1.3x
Wed, 15 Jul 2026Mex$10.2tMex$7.7tMex$705.1b12.3x14.5x1.3x
Fri, 12 Jun 2026Mex$10.3tMex$7.7tMex$699.8b12.3x14.8x1.4x
Sun, 10 May 2026Mex$10.8tMex$7.6tMex$707.7b12.3x15.2x1.4x
Tue, 07 Apr 2026Mex$10.7tMex$7.7tMex$681.4b13.7x15.7x1.4x
Thu, 05 Mar 2026Mex$10.6tMex$7.6tMex$660.0b13.4x16x1.4x
Sat, 31 Jan 2026Mex$10.6tMex$7.6tMex$656.0b13.9x16.1x1.4x
Mon, 29 Dec 2025Mex$10.2tMex$7.7tMex$662.3b13.6x15.5x1.3x
Wed, 26 Nov 2025Mex$10.2tMex$8.0tMex$660.3b12.6x15.4x1.3x
Fri, 24 Oct 2025Mex$10.0tMex$7.9tMex$648.2b11.9x15.4x1.3x
Sun, 21 Sep 2025Mex$9.7tMex$7.9tMex$614.3b12.1x15.8x1.2x
Tue, 19 Aug 2025Mex$9.3tMex$7.8tMex$618.7b11.9x15.1x1.2x
Thu, 17 Jul 2025Mex$9.2tMex$7.6tMex$603.3b12.2x15.2x1.2x
Sat, 14 Jun 2025Mex$9.2tMex$7.6tMex$591.6b12x15.5x1.2x
Mon, 12 May 2025Mex$9.2tMex$7.6tMex$601.6b12.3x15.3x1.2x
Wed, 09 Apr 2025Mex$8.2tMex$7.6tMex$610.4b10.5x13.5x1.1x
Fri, 07 Mar 2025Mex$8.6tMex$7.5tMex$599.0b10.6x14.4x1.1x
Sun, 02 Feb 2025Mex$8.6tMex$7.6tMex$615.4b11.6x14x1.1x
Tue, 31 Dec 2024Mex$8.5tMex$7.6tMex$613.5b11.6x13.9x1.1x
Thu, 28 Nov 2024Mex$8.4tMex$7.4tMex$603.8b11.6x13.9x1.1x
Sat, 26 Oct 2024Mex$8.8tMex$7.4tMex$600.0b11.4x14.7x1.2x
Mon, 23 Sep 2024Mex$9.0tMex$7.4tMex$588.6b11.8x15.3x1.2x
Wed, 21 Aug 2024Mex$9.2tMex$7.3tMex$587.1b11.9x15.8x1.3x
Fri, 19 Jul 2024Mex$9.2tMex$7.1tMex$557.4b13.6x16.5x1.3x
Sun, 16 Jun 2024Mex$8.8tMex$7.1tMex$576.8b12.5x15.3x1.2x
Tue, 14 May 2024Mex$9.7tMex$7.0tMex$569.1b14.1x17x1.4x
Thu, 11 Apr 2024Mex$9.6tMex$7.0tMex$577.3b13.7x16.6x1.4x
Sat, 09 Mar 2024Mex$9.4tMex$7.1tMex$586.0b13x16.1x1.3x
Mon, 05 Feb 2024Mex$9.9tMex$7.4tMex$657.1b13x15x1.3x
Wed, 03 Jan 2024Mex$9.9tMex$7.4tMex$656.6b13.6x15x1.3x
Fri, 01 Dec 2023Mex$9.2tMex$7.4tMex$658.4b12.3x13.9x1.2x
Sun, 29 Oct 2023Mex$8.7tMex$7.5tMex$653.9b12.4x13.4x1.2x
Tue, 26 Sep 2023Mex$9.1tMex$7.5tMex$660.8b12.9x13.7x1.2x
Thu, 24 Aug 2023Mex$9.2tMex$7.4tMex$653.7b12.7x14.1x1.2x
Price to Earnings Ratio

14.1x


Total Market Cap: Mex$9.2tTotal Earnings: Mex$653.7bTotal 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 4.1% 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-2.92%
Energy2.64%
Utilities-0.54%
Consumer Discretionary-0.63%
Real Estate-1.66%
Telecom-1.70%
Materials-2.77%
Consumer Staples-3.16%
Financials-3.86%
Healthcare-4.02%
Industrials-5.58%
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 19.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 8.5% 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 16% 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
MFRISCO A-1 Minera Frisco. deMex$15.479.0%
+Mex$7.7b		314.7%PE20.5xMaterials
VISTA A Vista Energy. deMex$1.16k3.3%
+Mex$4.2b		49.8%PE9.2xEnergy
LAMOSA * Grupo Lamosa. deMex$96.009.7%
+Mex$2.9b		-15.0%PE15.6xIndustrials
LASITE * Sitios Latinoamérica. deMex$6.697.2%
+Mex$2.1b		111.0%PE58.2xTelecom
GIGANTE * Grupo Gigante S. A. B. de C. VMex$30.505.2%
+Mex$1.5b		n/aPE15.3xConsumer Discretionary
See more

Market Insights

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Latest News

GMEXICO B
Mex$217.81
Grupo México. de
7D
-3.1%
1Y
71.0%
LASITE *
Mex$6.69
Sitios Latinoamérica. de
7D
7.2%
1Y
111.0%
VASCONI *
Mex$0.45
Grupo Vasconia
7D
248.8%
1Y
20.6%
MFRISCO A-1
Mex$15.47
Minera Frisco. de
7D
9.0%
1Y
314.7%
VISTA A
Mex$1,164.50
Vista Energy. de
7D
3.3%
1Y
49.8%
Narrative Update • Aug 07

VISTA A: Recent Asset Additions And Buybacks Will Support Future Upside

Analysts have revised their fair value estimate for Vista Energy to MX$1,857 from MX$2,113, reflecting updated assumptions on discount rates, growth, margins, and future P/E following recent Street research and asset additions highlighted in new price targets of MX$95 and MX$115. Analyst Commentary Recent Street research on Vista Energy points to a constructive tone, with bullish analysts highlighting both updated price targets and the impact of newly acquired assets on their models.
GAP B
Mex$352.27
Grupo Aeroportuario del Pacífico. de
7D
-7.6%
1Y
-24.7%
New Narrative • Aug 07

Non Aeronautical Expansion And Tariff Uplift Will Drive Long Term Upside Potential

Catalysts About Grupo Aeroportuario del Pacífico. de Grupo Aeroportuario del Pacífico.
FEMSA UBD
Mex$200.87
Fomento Económico Mexicano. de
7D
-4.2%
1Y
25.4%
Narrative Update • Aug 05

FEMSA UBD: Higher Margin Outlook Will Support Future Upside

Analysts have nudged their fair value estimate for Fomento Económico Mexicano, S.A.B. de C.V. higher to roughly MX$295 from about MX$287, citing updated assumptions for slightly softer revenue growth, a modestly higher projected profit margin, and a similar future P/E. What's in the News for Fomento Económico Mexicano No recent company specific news items were available from the provided sources as of 29 Jul 2026.
GCARSO A1
Mex$137.33
Grupo Carso. de
7D
-5.6%
1Y
5.0%
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...
GIGANTE *
Mex$30.50
Grupo Gigante S. A. B. de C. V
7D
5.2%
1Y
n/a
LAMOSA *
Mex$96.00
Grupo Lamosa. de
7D
9.7%
1Y
-15.0%
CHDRAUI B
Mex$92.03
Grupo Comercial Chedraui. de
7D
0.9%
1Y
-40.6%
Narrative Update • Aug 03

CHDRAUI B: Margin Resilience And Stabilizing Consumption Will Support Future Upside

Analysts have reduced the fair value estimate for Grupo Comercial Chedraui to MX$123.07 from MX$128.93, reflecting recent price target cuts in the Mexico consumer group as they factor in softer consumption, a lower future P/E of 18.32, and only modest adjustments to revenue growth and margin assumptions. Analyst Commentary Recent Street research on Grupo Comercial Chedraui points to a more cautious stance on valuation, with price targets brought down as analysts factor in softer consumption trends in Mexico and adjust their expectations for earnings and margins.
WALMEX *
Mex$47.42
Wal-Mart de México. de
7D
-4.1%
1Y
-16.2%
New Narrative • Jul 31

Ecommerce And Ecosystem Expansion Will Drive Stronger Long Term Earnings Power

Catalysts About Wal-Mart de México. de Wal-Mart de México y Centroamérica operates self service, club, e-commerce and adjacent services businesses across Mexico and Central America.
AMX B
Mex$20.01
América Móvil. de
7D
-2.1%
1Y
12.1%
Analysis Article • Jul 25

América Móvil, S.A.B. de C.V. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

As you might know, América Móvil, S.A.B. de C.V. ( BMV:AMXB ) recently reported its second-quarter numbers. It was not...
AXTEL CPO
Mex$2.97
Axtel. de
7D
9.6%
1Y
38.8%
GFNORTE O
Mex$188.04
Grupo Financiero Banorte. de
7D
-5.9%
1Y
12.6%
PE&OLES *
Mex$849.89
Industrias Peñoles. de
7D
-3.7%
1Y
62.6%