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

Mexican (IPC) Market Analysis & Valuation

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies121
  • 7D1.1%
  • 3M5.5%
  • 1Y22.8%
  • YTD1.3%

The market is up 1.1% over the last week, with the Materials sector leading the way, up 3.1%. As for the past 12 months, the market is up 23%. As for the next few years, earnings are expected to grow by 12% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 10 Jan 2026Mex$10.1tMex$7.7tMex$663.1b13.3x15.3x1.3x
Mon, 08 Dec 2025Mex$10.1tMex$7.9tMex$658.8b12.6x15.4x1.3x
Wed, 05 Nov 2025Mex$10.0tMex$8.0tMex$654.5b12.3x15.3x1.3x
Fri, 03 Oct 2025Mex$9.9tMex$7.9tMex$615.6b11.8x16.1x1.3x
Sun, 31 Aug 2025Mex$9.4tMex$7.8tMex$617.2b12.1x15.2x1.2x
Tue, 29 Jul 2025Mex$9.2tMex$7.7tMex$603.9b12x15.3x1.2x
Thu, 26 Jun 2025Mex$9.3tMex$7.6tMex$601.8b12x15.4x1.2x
Sat, 24 May 2025Mex$9.3tMex$7.6tMex$589.7b12.4x15.7x1.2x
Mon, 21 Apr 2025Mex$8.7tMex$7.5tMex$605.6b11x14.4x1.2x
Wed, 19 Mar 2025Mex$8.7tMex$7.6tMex$595.2b10.9x14.6x1.1x
Fri, 14 Feb 2025Mex$9.0tMex$7.5tMex$627.6b11.6x14.3x1.2x
Sun, 12 Jan 2025Mex$8.5tMex$7.6tMex$606.6b11.2x14x1.1x
Tue, 10 Dec 2024Mex$8.7tMex$7.5tMex$603.0b12.2x14.4x1.2x
Thu, 07 Nov 2024Mex$8.6tMex$7.4tMex$596.2b11.6x14.4x1.2x
Sat, 05 Oct 2024Mex$9.0tMex$7.3tMex$587.8b12.2x15.3x1.2x
Mon, 02 Sep 2024Mex$9.1tMex$7.4tMex$590.2b11.8x15.4x1.2x
Wed, 31 Jul 2024Mex$9.0tMex$7.3tMex$583.7b11.9x15.4x1.2x
Fri, 28 Jun 2024Mex$9.0tMex$7.1tMex$583.9b12.8x15.4x1.3x
Sun, 26 May 2024Mex$9.3tMex$7.0tMex$566.4b13.5x16.4x1.3x
Tue, 23 Apr 2024Mex$9.3tMex$7.1tMex$574.7b13.6x16.2x1.3x
Thu, 21 Mar 2024Mex$9.5tMex$7.1tMex$584.8b13.3x16.2x1.3x
Sat, 17 Feb 2024Mex$9.5tMex$7.3tMex$619.4b14.1x15.4x1.3x
Mon, 15 Jan 2024Mex$9.6tMex$7.4tMex$655.8b12.9x14.7x1.3x
Wed, 13 Dec 2023Mex$9.4tMex$7.4tMex$658.2b12.3x14.3x1.3x
Fri, 10 Nov 2023Mex$8.8tMex$7.4tMex$658.6b11.8x13.4x1.2x
Sun, 08 Oct 2023Mex$8.8tMex$7.5tMex$665.8b12.5x13.2x1.2x
Tue, 05 Sep 2023Mex$9.2tMex$7.4tMex$658.1b13x14x1.2x
Thu, 03 Aug 2023Mex$9.4tMex$7.4tMex$660.8b13.3x14.2x1.3x
Sat, 01 Jul 2023Mex$9.2tMex$7.3tMex$638.0b13.1x14.5x1.3x
Mon, 29 May 2023Mex$9.3tMex$7.3tMex$639.2b13.3x14.5x1.3x
Wed, 26 Apr 2023Mex$9.4tMex$7.1tMex$658.7b12.8x14.3x1.3x
Fri, 24 Mar 2023Mex$9.1tMex$6.4tMex$637.0b12.9x14.2x1.4x
Sun, 19 Feb 2023Mex$9.4tMex$7.2tMex$664.1b11.9x14.2x1.3x
Tue, 17 Jan 2023Mex$9.5tMex$7.2tMex$658.6b11.9x14.4x1.3x
Price to Earnings Ratio

14.4x


Total Market Cap: Mex$9.5tTotal Earnings: Mex$658.6bTotal 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
  • The earnings for Mexican listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 2.2% 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 Market1.11%
Materials3.10%
Consumer Staples1.11%
Real Estate1.10%
Industrials0.94%
Consumer Discretionary0.91%
Utilities0.71%
Financials0.59%
Telecom-1.01%
Healthcare-2.92%
Energy-5.57%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 15.2x.
    • 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 18% 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
GMEXICO B Grupo México. deMex$176.263.7%
+Mex$48.5b		70.2%PE17.5xMaterials
CEMEX CPO CEMEX. deMex$22.036.6%
+Mex$19.7b		94.4%PE19.5xMaterials
WALMEX * Wal-Mart de México. deMex$57.151.8%
+Mex$17.6b		0.3%PE19.6xConsumer Staples
FEMSA UBD Fomento Económico Mexicano. deMex$183.831.1%
+Mex$6.8b		7.4%PE45.9xConsumer Staples
GAP B Grupo Aeroportuario del Pacífico. deMex$486.432.8%
+Mex$6.8b		28.7%PE24.8xIndustrials
See more

Market Insights

Header cover image
Which Markets Will Sink or Swim in 2026? 🌍
Richard Bowman avatar
Richard Bowman
|
|
What research teams agree on – and where they don’t – heading into 2026.
Continue reading
Three Sectors Expected to Rally in 2026 📈
Last Week

Three Sectors Expected to Rally in 2026 📈

Latest News

SORIANA B
Mex$38.00
Organización Soriana S. A. B. de C. V
7D
-7.2%
1Y
23.6%

There Are Reasons To Feel Uneasy About Organización Soriana S. A. B. de C. V's (BMV:SORIANAB) Returns On Capital

Jan 08
There Are Reasons To Feel Uneasy About Organización Soriana S. A. B. de C. V's (BMV:SORIANAB) Returns On Capital
FEMSA UBD
Mex$183.83
Fomento Económico Mexicano. de
7D
1.1%
1Y
7.4%

Fomento Económico Mexicano. de (BMV:FEMSAUBD) Might Have The Makings Of A Multi-Bagger

Jan 08
Fomento Económico Mexicano. de (BMV:FEMSAUBD) Might Have The Makings Of A Multi-Bagger
GMEXICO B
Mex$176.26
Grupo México. de
7D
3.7%
1Y
70.2%

GMEXICO B: Future Returns Will Rely On Persistently Elevated Copper Prices

Analysts have lifted their price target on Grupo México to about MXN 156 from roughly MXN 150, reflecting updated views on fair value, revenue growth, profit margins, and expected P/E in light of recent research indicating stronger precious metal and copper pricing. Analyst Commentary Bullish Takeaways Bullish analysts see room for upside in the shares, with recent price targets in the MXN 150 to MXN 158 range, which they view as better aligned with current sector conditions.
BIMBO A
Mex$60.63
Grupo Bimbo. de
7D
2.6%
1Y
18.1%

BIMBO A: New Leadership Will Support Stronger Profitability And ReRating Potential

Analysts kept their fair value estimate for Grupo Bimbo at $87.00, while adjusting key inputs such as revenue growth, profit margin and future P/E assumptions, which together inform this unchanged price target. What's in the News Grupo Bimbo has appointed Alejandro Rodríguez Bas as its new CEO, following the resignation of Rafael Pamias Romero.
Q *
Mex$174.63
Quálitas Controladora. de
7D
-6.4%
1Y
5.4%
CEMEX CPO
Mex$22.03
CEMEX. de
7D
6.6%
1Y
94.4%
CUERVO *
Mex$22.54
Becle. de
7D
8.9%
1Y
1.4%
GMXT *
Mex$34.12
GMéxico Transportes. de
7D
-1.9%
1Y
7.6%

GMXT *: Lower Risk Outlook Will Support Higher Margins And Narrow Discount

Analysts have modestly raised their price target on GMéxico Transportes, citing slightly lower perceived risk and incremental improvements in projected revenue growth and profit margins that support a fair value estimate of approximately $59.54 per share. Valuation Changes The fair value estimate remains unchanged at approximately MX$59.54 per share, indicating no material revision to the intrinsic valuation.
AMX B
Mex$18.42
América Móvil. de
7D
-1.1%
1Y
29.2%

América Móvil. de's (BMV:AMXB) Returns Have Hit A Wall

Dec 26
América Móvil. de's (BMV:AMXB) Returns Have Hit A Wall
PINFRA *
Mex$263.16
Promotora y Operadora de Infraestructura S. A. B. de C. V
7D
-1.6%
1Y
45.9%

Investors Should Be Encouraged By Promotora y Operadora de Infraestructura S. A. B. de C. V's (BMV:PINFRA) Returns On Capital

Dec 25
Investors Should Be Encouraged By Promotora y Operadora de Infraestructura S. A. B. de C. V's (BMV:PINFRA) Returns On Capital
VISTA A
Mex$814.74
Vista Energy. de
7D
-6.7%
1Y
-29.1%

Here's Why Vista Energy. de (BMV:VISTAA) Has Caught The Eye Of Investors

Dec 24
Here's Why Vista Energy. de (BMV:VISTAA) Has Caught The Eye Of Investors
KIMBER A
Mex$37.81
Kimberly-Clark de México S. A. B. de C. V
7D
-1.5%
1Y
30.4%

Why We Like The Returns At Kimberly-Clark de México S. A. B. de C. V (BMV:KIMBERA)

Dec 23
Why We Like The Returns At Kimberly-Clark de México S. A. B. de C. V (BMV:KIMBERA)
WALMEX *
Mex$57.15
Wal-Mart de México. de
7D
1.8%
1Y
0.3%

Wal-Mart de México. de (BMV:WALMEX) Is Aiming To Keep Up Its Impressive Returns

Dec 09
Wal-Mart de México. de (BMV:WALMEX) Is Aiming To Keep Up Its Impressive Returns
GAP B
Mex$486.43
Grupo Aeroportuario del Pacífico. de
7D
2.8%
1Y
28.7%

GAP B Will Benefit From Resilient Traffic And Lower Perceived Risk

Analysts have trimmed their price target for Grupo Aeroportuario del Pacífico to approximately $465 from about $476. This reflects expectations for more moderate revenue growth and valuation multiples, partially offset by improved profitability and a lower perceived risk profile.
ICH B
Mex$168.77
Industrias CH S. A. B. de C. V
7D
-6.2%
1Y
-2.4%
GFINBUR O
Mex$44.60
Grupo Financiero Inbursa. de
7D
2.4%
1Y
0.8%