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Mexican (IPC) Market Analysis & Valuation

UpdatedJan 22, 2026
DataAggregated Company Financials
Companies120
  • 7D0.03%
  • 3M6.3%
  • 1Y24.3%
  • YTD4.2%

Over the last 7 days, the market has remained flat, although notably the Energy sector gained 4.6% in that time. Meanwhile, the market is actually up 24% over the past year. Looking forward, 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
Thu, 22 Jan 2026Mex$10.5tMex$7.6tMex$658.2b13.1x15.9x1.4x
Sat, 20 Dec 2025Mex$10.1tMex$7.8tMex$658.6b13.1x15.3x1.3x
Mon, 17 Nov 2025Mex$10.1tMex$8.0tMex$659.8b12.1x15.2x1.3x
Wed, 15 Oct 2025Mex$9.8tMex$7.9tMex$624.2b11.6x15.7x1.2x
Fri, 12 Sep 2025Mex$9.7tMex$7.8tMex$615.2b12.2x15.7x1.2x
Sun, 10 Aug 2025Mex$9.3tMex$7.8tMex$617.5b11.9x15.1x1.2x
Tue, 08 Jul 2025Mex$9.3tMex$7.6tMex$600.0b12.3x15.4x1.2x
Thu, 05 Jun 2025Mex$9.2tMex$7.6tMex$590.4b12.4x15.6x1.2x
Sat, 03 May 2025Mex$9.1tMex$7.6tMex$605.7b11.5x15x1.2x
Mon, 31 Mar 2025Mex$8.6tMex$7.6tMex$609.5b10.6x14.2x1.1x
Wed, 26 Feb 2025Mex$8.9tMex$7.6tMex$626.8b12x14.3x1.2x
Fri, 24 Jan 2025Mex$8.7tMex$7.6tMex$611.9b11.3x14.2x1.1x
Sun, 22 Dec 2024Mex$8.5tMex$7.5tMex$610.0b11.7x14x1.1x
Tue, 19 Nov 2024Mex$8.5tMex$7.4tMex$602.5b11.6x14.1x1.1x
Thu, 17 Oct 2024Mex$9.1tMex$7.4tMex$595.5b11.9x15.3x1.2x
Sat, 14 Sep 2024Mex$9.1tMex$7.3tMex$587.5b11.7x15.4x1.2x
Mon, 12 Aug 2024Mex$9.1tMex$7.3tMex$585.7b11.4x15.5x1.2x
Wed, 10 Jul 2024Mex$9.1tMex$7.1tMex$582.4b12.6x15.6x1.3x
Fri, 07 Jun 2024Mex$9.1tMex$7.1tMex$573.5b13.1x15.9x1.3x
Sun, 05 May 2024Mex$9.4tMex$7.1tMex$569.0b13.2x16.5x1.3x
Tue, 02 Apr 2024Mex$9.6tMex$7.1tMex$581.0b13.8x16.5x1.4x
Thu, 29 Feb 2024Mex$9.6tMex$7.2tMex$583.5b13.6x16.5x1.3x
Sat, 27 Jan 2024Mex$9.6tMex$7.4tMex$662.2b12.9x14.6x1.3x
Mon, 25 Dec 2023Mex$9.8tMex$7.4tMex$656.4b13.2x15x1.3x
Wed, 22 Nov 2023Mex$9.0tMex$7.4tMex$656.4b11.7x13.7x1.2x
Fri, 20 Oct 2023Mex$8.7tMex$7.5tMex$672.2b12.2x12.9x1.2x
Sun, 17 Sep 2023Mex$9.0tMex$7.4tMex$659.0b12.7x13.7x1.2x
Tue, 15 Aug 2023Mex$9.2tMex$7.4tMex$654.6b13.2x14.1x1.2x
Thu, 13 Jul 2023Mex$9.3tMex$7.3tMex$635.1b13.5x14.7x1.3x
Sat, 10 Jun 2023Mex$9.3tMex$7.3tMex$638.1b13.4x14.6x1.3x
Mon, 08 May 2023Mex$9.5tMex$7.4tMex$668.3b13.2x14.2x1.3x
Wed, 05 Apr 2023Mex$9.5tMex$7.2tMex$661.3b12x14.4x1.3x
Fri, 03 Mar 2023Mex$9.4tMex$7.4tMex$683.2b11.3x13.7x1.3x
Sun, 29 Jan 2023Mex$9.7tMex$7.2tMex$663.8b12x14.6x1.3x
Price to Earnings Ratio

14.6x


Total Market Cap: Mex$9.7tTotal Earnings: Mex$663.8bTotal Revenue: Mex$7.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 14.9x202420252026
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 14.9x.
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 Market0.032%
Energy4.65%
Financials2.15%
Industrials1.20%
Healthcare0.37%
Materials0.28%
Consumer Discretionary0.20%
Telecom-0.13%
Real Estate-0.25%
Utilities-0.42%
Consumer Staples-1.66%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 15.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 11.3% which is higher than its past year's earnings decline of 8.1% 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 Telecom sector, expecting annual earnings growth of 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 42% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 6.5% 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
GFNORTE O Grupo Financiero Banorte. deMex$186.824.6%
+Mex$22.8b		28.0%PB2xFinancials
PE&OLES * Industrias Peñoles. deMex$1.09k2.2%
+Mex$9.4b		274.6%PE27.1xMaterials
GAP B Grupo Aeroportuario del Pacífico. deMex$484.203.7%
+Mex$8.7b		24.9%PE24.6xIndustrials
OMA B Grupo Aeroportuario del Centro Norte. deMex$251.216.8%
+Mex$6.2b		24.3%PE18.3xIndustrials
MEGA CPO Megacable Holdings S. A. B. de C. VMex$61.7212.6%
+Mex$5.9b		66.9%PE20.9xTelecom
See more

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CUERVO *
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GAP B
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24.9%

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Fomento Económico Mexicano. de
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