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

Mexican (IPC) Market Analysis & Valuation

UpdatedSep 19, 2025
DataAggregated Company Financials
Companies118
  • 7D-0.2%
  • 3M6.5%
  • 1Y10.0%
  • YTD16.1%

Over the last 7 days, the market has remained flat, although notably the Healthcare sector declined by 4.9%. More promisingly, the market is up 8.8% over the past year. 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, 19 Sep 2025Mex$9.7tMex$7.9tMex$614.2b12.1x15.8x1.2x
Sun, 17 Aug 2025Mex$9.4tMex$7.8tMex$618.4b12x15.1x1.2x
Tue, 15 Jul 2025Mex$9.2tMex$7.6tMex$602.4b12.1x15.2x1.2x
Thu, 12 Jun 2025Mex$9.2tMex$7.5tMex$588.0b12.6x15.6x1.2x
Sat, 10 May 2025Mex$9.2tMex$7.6tMex$604.0b12.3x15.2x1.2x
Mon, 07 Apr 2025Mex$8.4tMex$7.6tMex$610.1b10.5x13.8x1.1x
Wed, 05 Mar 2025Mex$8.6tMex$7.6tMex$599.6b10.8x14.3x1.1x
Fri, 31 Jan 2025Mex$8.7tMex$7.6tMex$615.0b11.6x14.1x1.1x
Sun, 29 Dec 2024Mex$8.5tMex$7.5tMex$611.0b11.6x13.9x1.1x
Tue, 26 Nov 2024Mex$8.5tMex$7.4tMex$602.0b11.8x14.1x1.1x
Thu, 24 Oct 2024Mex$8.9tMex$7.3tMex$594.7b11.8x15x1.2x
Sat, 21 Sep 2024Mex$9.1tMex$7.4tMex$588.6b11.8x15.5x1.2x
Mon, 19 Aug 2024Mex$9.2tMex$7.3tMex$585.1b11.7x15.8x1.3x
Wed, 17 Jul 2024Mex$9.3tMex$7.1tMex$582.8b13.7x16x1.3x
Fri, 14 Jun 2024Mex$8.9tMex$7.1tMex$576.8b12.7x15.4x1.2x
Sun, 12 May 2024Mex$9.7tMex$7.0tMex$568.8b14.4x17x1.4x
Tue, 09 Apr 2024Mex$9.6tMex$7.1tMex$579.5b13.6x16.6x1.4x
Thu, 07 Mar 2024Mex$9.5tMex$7.1tMex$584.9b13.5x16.2x1.3x
Sat, 03 Feb 2024Mex$9.9tMex$7.4tMex$657.0b13x15x1.3x
Mon, 01 Jan 2024Mex$9.9tMex$7.4tMex$656.4b13.5x15.1x1.3x
Wed, 29 Nov 2023Mex$9.1tMex$7.4tMex$657.2b11.9x13.8x1.2x
Fri, 27 Oct 2023Mex$8.7tMex$7.5tMex$660.0b12x13.1x1.2x
Sun, 24 Sep 2023Mex$9.1tMex$7.5tMex$659.5b12.9x13.7x1.2x
Tue, 22 Aug 2023Mex$9.2tMex$7.4tMex$654.3b12.9x14.1x1.2x
Thu, 20 Jul 2023Mex$9.3tMex$7.3tMex$645.8b13.1x14.4x1.3x
Sat, 17 Jun 2023Mex$9.4tMex$7.3tMex$638.0b13.4x14.8x1.3x
Mon, 15 May 2023Mex$9.6tMex$7.4tMex$667.3b13.2x14.3x1.3x
Wed, 12 Apr 2023Mex$9.6tMex$7.3tMex$662.2b12.1x14.5x1.3x
Fri, 10 Mar 2023Mex$9.4tMex$7.3tMex$659.4b12.1x14.3x1.3x
Sun, 05 Feb 2023Mex$9.5tMex$7.2tMex$672.8b11.7x14.2x1.3x
Tue, 03 Jan 2023Mex$8.8tMex$7.2tMex$663.1b11.8x13.3x1.2x
Thu, 01 Dec 2022Mex$9.2tMex$7.3tMex$649.2b11.3x14.1x1.3x
Sat, 29 Oct 2022Mex$8.8tMex$7.3tMex$649.4b11.5x13.6x1.2x
Mon, 26 Sep 2022Mex$8.4tMex$7.2tMex$627.8b10.8x13.3x1.2x
Price to Earnings Ratio

13.3x


Total Market Cap: Mex$8.4tTotal Earnings: Mex$627.8bTotal Revenue: Mex$7.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 14.6x202320242025
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 14.6x.
Past Earnings Growth
  • The earnings for Mexican listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 3.0% 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 Market-0.22%
Consumer Staples0.89%
Financials0.40%
Consumer Discretionary0.30%
Telecom-0.15%
Real Estate-0.23%
Industrials-0.36%
Utilities-0.47%
Materials-2.20%
Healthcare-2.76%
Energy-3.67%
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 below its 3-year average of 8.5x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 21% 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 2.0% 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
WALMEX * Wal-Mart de México. deMex$56.662.5%
+Mex$23.9b		-7.0%PE19xConsumer Staples
GCARSO A1 Grupo Carso. deMex$131.793.4%
+Mex$9.9b		11.5%PE27.5xIndustrials
GENTERA * Gentera. deMex$48.968.1%
+Mex$5.8b		123.7%PE10.1xFinancials
GFNORTE O Grupo Financiero Banorte. deMex$183.991.1%
+Mex$5.5b		34.7%PB2xFinancials
MFRISCO A-1 Minera Frisco. deMex$5.1615.4%
+Mex$4.2b		47.9%PE130.9xMaterials
See more

Market Insights

Header cover image
🥇 Gold Breaks Records While Oil Sinks: Commodities 2025 in Contrast
Richard Bowman avatar
Richard Bowman
|
|
It’s been a while since we checked in on commodity markets, which, like other markets, are having quite the interesting year. In particular, gold continues its march upward, while oil remains in a slump. As for the rest, most have been up and down and ended up close to where they were a year ago. By the end, you’ll see why gold stocks still look cheap despite these record prices — and why oil stocks, oddly enough, look expensive even as crude declines.
Continue reading
🥇 Gold Breaks Records While Oil Sinks: Commodities 2025 in Contrast
Last Week

🥇 Gold Breaks Records While Oil Sinks: Commodities 2025 in Contrast

Latest News

PE&OLES *
Mex$713.85
Industrias Peñoles. de
7D
-9.2%
1Y
157.5%

Industrias Peñoles. de (BMV:PE&OLES) Has A Rock Solid Balance Sheet

Sep 18
Industrias Peñoles. de (BMV:PE&OLES) Has A Rock Solid Balance Sheet
FEMSA UBD
Mex$170.80
Fomento Económico Mexicano. de
7D
0.3%
1Y
-11.4%

Fomento Económico Mexicano. de's (BMV:FEMSAUBD) Dividend Will Be MX$3.67

Sep 18
Fomento Económico Mexicano. de's (BMV:FEMSAUBD) Dividend Will Be MX$3.67
Q *
Mex$161.61
Quálitas Controladora. de
7D
-5.7%
1Y
3.1%
VESTA *
Mex$48.76
Corporación Inmobiliaria Vesta. de
7D
-5.5%
1Y
-9.0%

Corporación Inmobiliaria Vesta. de (BMV:VESTA) Seems To Use Debt Quite Sensibly

Sep 17
Corporación Inmobiliaria Vesta. de (BMV:VESTA) Seems To Use Debt Quite Sensibly
ALFA A
Mex$14.78
Alfa. de
7D
2.5%
1Y
7.6%

Does This Valuation Of Alfa S.A.B. de C.V. (BMV:ALFAA) Imply Investors Are Overpaying?

Sep 17
Does This Valuation Of Alfa S.A.B. de C.V. (BMV:ALFAA) Imply Investors Are Overpaying?
GENTERA *
Mex$48.96
Gentera. de
7D
8.1%
1Y
123.7%

Digital Initiatives And New CEO At Banco Compartamos Will Improve Future Efficiency

Gentera’s consensus price target was raised to MX$47.47 as analysts cite resilient sector performance, strong quarterly results, and positive 2025 outlooks, though some caution remains on valuation after outperformance. Analyst Commentary Mexican banks, including Gentera, are overcoming concerns about higher tariffs with solid share performance in Q2.
VISTA A
Mex$636.56
Vista Energy. de
7D
-3.7%
1Y
-30.2%
GCARSO A1
Mex$131.79
Grupo Carso. de
7D
3.4%
1Y
11.5%

Is Now An Opportune Moment To Examine Grupo Carso, S.A.B. de C.V. (BMV:GCARSOA1)?

Sep 13
Is Now An Opportune Moment To Examine Grupo Carso, S.A.B. de C.V. (BMV:GCARSOA1)?
DANHOS 13
Mex$30.07
Fibra Danhos
7D
7.9%
1Y
48.1%

Mexico Urban Expansion And Mixed-Use Assets Will Create Future Momentum

With both the discount rate and future P/E remaining essentially unchanged, analysts have left their consensus fair value for Fibra Danhos steady at MX$26.54. Valuation Changes Summary of Valuation Changes for Fibra Danhos The Consensus Analyst Price Target remained effectively unchanged, at MX$26.54.
WALMEX *
Mex$56.66
Wal-Mart de México. de
7D
2.5%
1Y
-7.0%

Estimating The Fair Value Of Wal-Mart de México, S.A.B. de C.V. (BMV:WALMEX)

Sep 11
Estimating The Fair Value Of Wal-Mart de México, S.A.B. de C.V. (BMV:WALMEX)
ASUR B
Mex$620.78
Grupo Aeroportuario del Sureste S. A. B. de C. V
7D
-3.1%
1Y
10.7%

Grupo Aeroportuario del Sureste S. A. B. de C. V (BMV:ASURB) Could Easily Take On More Debt

Sep 10
Grupo Aeroportuario del Sureste S. A. B. de C. V (BMV:ASURB) Could Easily Take On More Debt
OMA B
Mex$247.50
Grupo Aeroportuario del Centro Norte. de
7D
-4.0%
1Y
41.5%

Does Grupo Aeroportuario del Centro Norte. de (BMV:OMAB) Have A Healthy Balance Sheet?

Sep 09
Does Grupo Aeroportuario del Centro Norte. de (BMV:OMAB) Have A Healthy Balance Sheet?
GMEXICO B
Mex$133.37
Grupo México. de
7D
-1.4%
1Y
29.8%

Expanding Renewable Energy Will Unlock Future Copper Production

Despite the consensus analyst price target for Grupo México, S.A.B. de C.V. remaining stable at MX$133.31, a sharp rise in the future P/E ratio suggests a significant deterioration in forward earnings expectations. Valuation Changes Summary of Valuation Changes for Grupo México.
GFNORTE O
Mex$183.99
Grupo Financiero Banorte. de
7D
1.1%
1Y
34.7%

Digital Investments And Cost Control Will Fuel Mexican Market Share

Despite a significant decline in Banorte's forward P/E ratio, indicating improved valuation, the consensus analyst price target remains unchanged at MX$191.14. Valuation Changes Summary of Valuation Changes for Grupo Financiero Banorte.
MFRISCO A-1
Mex$5.16
Minera Frisco. de
7D
15.4%
1Y
47.9%

Minera Frisco, S.A.B. de C.V.'s (BMV:MFRISCOA-1) Business Is Yet to Catch Up With Its Share Price

Sep 03
Minera Frisco, S.A.B. de C.V.'s (BMV:MFRISCOA-1) Business Is Yet to Catch Up With Its Share Price
GAP B
Mex$462.44
Grupo Aeroportuario del Pacífico. de
7D
-1.8%
1Y
29.7%

Guadalajara Terminal Upgrades And International Routes Will Create New Opportunities

Despite a slight decline in consensus revenue growth forecasts and a modest increase in the forward P/E multiple, the consensus Analyst Price Target for Grupo Aeroportuario del Pacífico. de has edged up marginally to MX$466.51.