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Mexican (IPC) Market Analysis & Valuation

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies121
  • 7D2.1%
  • 3M5.4%
  • 1Y24.4%
  • YTD2.1%

Over the last 7 days, the market has risen 2.1%, driven by gains of 6.6% in the Materials sector. In the last year, the market has climbed 24%. 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
Sun, 11 Jan 2026Mex$10.3tMex$7.7tMex$663.1b13.5x15.5x1.3x
Tue, 09 Dec 2025Mex$10.1tMex$8.0tMex$659.4b12.7x15.4x1.3x
Thu, 06 Nov 2025Mex$10.1tMex$8.0tMex$653.7b12.3x15.4x1.3x
Sat, 04 Oct 2025Mex$9.9tMex$7.9tMex$615.3b11.9x16.1x1.3x
Mon, 01 Sep 2025Mex$9.4tMex$7.8tMex$617.2b12.1x15.2x1.2x
Wed, 30 Jul 2025Mex$9.3tMex$7.7tMex$609.1b12x15.3x1.2x
Fri, 27 Jun 2025Mex$9.3tMex$7.6tMex$601.4b12.2x15.5x1.2x
Sun, 25 May 2025Mex$9.3tMex$7.6tMex$589.7b12.4x15.7x1.2x
Tue, 22 Apr 2025Mex$8.9tMex$7.5tMex$605.5b11.1x14.6x1.2x
Thu, 20 Mar 2025Mex$8.7tMex$7.6tMex$595.8b10.9x14.6x1.2x
Sat, 15 Feb 2025Mex$9.0tMex$7.6tMex$617.3b11.6x14.6x1.2x
Mon, 13 Jan 2025Mex$8.5tMex$7.6tMex$606.6b11.2x14x1.1x
Wed, 11 Dec 2024Mex$8.8tMex$7.5tMex$602.4b11.8x14.6x1.2x
Fri, 08 Nov 2024Mex$8.7tMex$7.4tMex$594.6b11.7x14.6x1.2x
Sun, 06 Oct 2024Mex$9.1tMex$7.3tMex$587.8b12.2x15.5x1.2x
Tue, 03 Sep 2024Mex$9.1tMex$7.4tMex$590.8b11.8x15.4x1.2x
Thu, 01 Aug 2024Mex$9.1tMex$7.3tMex$582.5b12.2x15.6x1.3x
Sat, 29 Jun 2024Mex$9.0tMex$7.1tMex$583.3b13x15.4x1.3x
Mon, 27 May 2024Mex$9.3tMex$7.0tMex$566.4b13.5x16.4x1.3x
Wed, 24 Apr 2024Mex$9.4tMex$7.1tMex$575.3b13.4x16.4x1.3x
Fri, 22 Mar 2024Mex$9.6tMex$7.1tMex$585.0b13.4x16.5x1.4x
Sun, 18 Feb 2024Mex$9.5tMex$7.3tMex$619.1b13.5x15.4x1.3x
Tue, 16 Jan 2024Mex$9.6tMex$7.4tMex$655.9b12.9x14.7x1.3x
Thu, 14 Dec 2023Mex$9.4tMex$7.4tMex$657.9b12.3x14.3x1.3x
Sat, 11 Nov 2023Mex$8.8tMex$7.4tMex$657.4b11.9x13.4x1.2x
Mon, 09 Oct 2023Mex$8.8tMex$7.5tMex$665.8b12.5x13.2x1.2x
Wed, 06 Sep 2023Mex$9.2tMex$7.5tMex$659.5b13x14x1.2x
Fri, 04 Aug 2023Mex$9.3tMex$7.5tMex$661.2b13.3x14x1.2x
Sun, 02 Jul 2023Mex$9.2tMex$7.3tMex$638.3b13.1x14.5x1.3x
Tue, 30 May 2023Mex$9.3tMex$7.3tMex$639.0b13.3x14.5x1.3x
Thu, 27 Apr 2023Mex$9.4tMex$7.3tMex$664.2b12.4x14.2x1.3x
Sat, 25 Mar 2023Mex$9.1tMex$7.2tMex$637.0b12.9x14.3x1.3x
Mon, 20 Feb 2023Mex$9.4tMex$7.2tMex$664.1b11.9x14.2x1.3x
Wed, 18 Jan 2023Mex$9.4tMex$7.2tMex$657.9b11.8x14.3x1.3x
Price to Earnings Ratio

14.3x


Total Market Cap: Mex$9.4tTotal Earnings: Mex$657.9bTotal 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 2.3% 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 Market2.10%
Materials6.59%
Consumer Staples1.88%
Real Estate1.42%
Industrials1.24%
Consumer Discretionary0.97%
Utilities0.48%
Financials-0.20%
Telecom-1.04%
Healthcare-1.41%
Energy-4.42%
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 11.2% 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
GMEXICO B Grupo México. deMex$182.987.5%
+Mex$99.0b		79.0%PE18.2xMaterials
PE&OLES * Industrias Peñoles. deMex$987.308.8%
+Mex$31.7b		254.8%PE23.8xMaterials
CEMEX CPO CEMEX. deMex$22.368.1%
+Mex$24.3b		94.1%PE19.8xMaterials
WALMEX * Wal-Mart de México. deMex$57.462.2%
+Mex$20.9b		0.8%PE19.7xConsumer Staples
BIMBO A Grupo Bimbo. deMex$62.605.9%
+Mex$15.0b		23.9%PE23.9xConsumer Staples
See more

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