Header cover image

Mexican (IPC) Market Analysis & Valuation

UpdatedFeb 17, 2025
DataAggregated Company Financials
Companies118
  • 7D1.9%
  • 3M3.5%
  • 1Y-8.2%
  • YTD5.4%

The market is up 1.9% over the last week, with the Financials sector leading the way, up 4.0%. On the other hand, with a decline of 4.1%, the Energy sector is lagging behind. In contrast, the market has seen a decline of 8.2% over the last 12 months. Looking forward, earnings are forecast to grow by 11% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Feb 2025Mex$9.0tMex$7.6tMex$617.5b11.6x14.5x1.2x
Wed, 15 Jan 2025Mex$8.5tMex$7.6tMex$613.6b11.3x13.9x1.1x
Fri, 13 Dec 2024Mex$8.7tMex$7.5tMex$602.8b12x14.5x1.2x
Sun, 10 Nov 2024Mex$8.6tMex$7.4tMex$594.0b11.5x14.5x1.2x
Tue, 08 Oct 2024Mex$9.1tMex$7.3tMex$587.2b12.1x15.5x1.2x
Thu, 05 Sep 2024Mex$9.0tMex$7.4tMex$591.6b11.7x15.2x1.2x
Sat, 03 Aug 2024Mex$9.0tMex$7.3tMex$584.5b11.9x15.4x1.2x
Mon, 01 Jul 2024Mex$9.0tMex$7.1tMex$583.3b13x15.4x1.3x
Wed, 29 May 2024Mex$9.3tMex$7.0tMex$567.3b13.4x16.3x1.3x
Fri, 26 Apr 2024Mex$9.4tMex$7.1tMex$580.2b12.9x16.2x1.3x
Sun, 24 Mar 2024Mex$9.6tMex$7.1tMex$585.2b13.6x16.4x1.4x
Tue, 20 Feb 2024Mex$9.5tMex$7.3tMex$619.0b13.3x15.4x1.3x
Thu, 18 Jan 2024Mex$9.6tMex$7.4tMex$657.7b12.8x14.5x1.3x
Sat, 16 Dec 2023Mex$9.7tMex$7.4tMex$657.6b13x14.8x1.3x
Mon, 13 Nov 2023Mex$8.8tMex$7.4tMex$657.4b11.9x13.4x1.2x
Wed, 11 Oct 2023Mex$8.7tMex$7.5tMex$664.5b12.5x13.2x1.2x
Fri, 08 Sep 2023Mex$9.2tMex$7.5tMex$660.4b12.9x14x1.2x
Sun, 06 Aug 2023Mex$9.4tMex$7.5tMex$660.3b13.4x14.2x1.3x
Tue, 04 Jul 2023Mex$9.2tMex$7.3tMex$637.2b13.4x14.5x1.3x
Thu, 01 Jun 2023Mex$9.2tMex$7.3tMex$639.6b13.2x14.3x1.2x
Sat, 29 Apr 2023Mex$9.6tMex$7.4tMex$669.5b12.8x14.3x1.3x
Mon, 27 Mar 2023Mex$9.1tMex$7.2tMex$637.0b12.9x14.3x1.3x
Wed, 22 Feb 2023Mex$9.4tMex$7.2tMex$669.3b11.7x14x1.3x
Fri, 20 Jan 2023Mex$9.5tMex$7.2tMex$659.7b11.8x14.3x1.3x
Sun, 18 Dec 2022Mex$8.9tMex$7.3tMex$651.5b11.8x13.7x1.2x
Tue, 15 Nov 2022Mex$9.2tMex$7.3tMex$649.3b11.2x14.2x1.3x
Thu, 13 Oct 2022Mex$8.4tMex$7.2tMex$627.0b10.8x13.3x1.2x
Sat, 10 Sep 2022Mex$8.5tMex$7.2tMex$625.7b11.2x13.6x1.2x
Mon, 08 Aug 2022Mex$8.6tMex$7.2tMex$628.8b11.5x13.6x1.2x
Wed, 06 Jul 2022Mex$8.6tMex$6.9tMex$635.5b12.1x13.5x1.2x
Fri, 03 Jun 2022Mex$8.9tMex$6.9tMex$619.2b12.2x14.3x1.3x
Sun, 01 May 2022Mex$8.7tMex$6.8tMex$609.1b12.7x14.4x1.3x
Tue, 29 Mar 2022Mex$9.5tMex$6.7tMex$569.2b14.2x16.6x1.4x
Thu, 24 Feb 2022Mex$9.1tMex$6.6tMex$574.1b13.7x15.8x1.4x
Price to Earnings Ratio

15.8x


Total Market Cap: Mex$9.1tTotal Earnings: Mex$574.1bTotal Revenue: Mex$6.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 14.5x202320242025
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 14.5x.
Past Earnings Growth
  • The earnings for Mexican listed companies have grown 2.5% per year over the last three years.
  • Revenues for these companies have grown 5.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Mexican Market?

MX Market1.95%
Financials4.01%
Telecom3.79%
Industrials2.64%
Consumer Discretionary1.66%
Consumer Staples1.44%
Utilities1.19%
Real Estate1.04%
Materials0.063%
Tech0%0
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Healthcare-0.57%
Energy-4.11%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 19.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.4% which is higher than its past year's earnings decline of 13.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 52% over the next 5 years.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 27% 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
AMX B América Móvil. deMex$15.563.8%
+Mex$34.7b
-1.8%PE33.5xTelecom
GFINBUR O Grupo Financiero Inbursa. deMex$48.957.9%
+Mex$21.8b
-10.7%PB1.1xFinancials
FEMSA UBD Fomento Económico Mexicano. deMex$185.222.9%
+Mex$18.5b
-18.5%PE21.4xConsumer Staples
AC * Arca Continental. deMex$207.444.8%
+Mex$15.7b
9.1%PE18xConsumer Staples
BIMBO A Grupo Bimbo. deMex$57.094.7%
+Mex$11.0b
-27.8%PE19.5xConsumer Staples
See more
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

The oil and gas sector is inherently uncertain, but 2025 is shaping up to be even more so. Donald Trump's trade negotiations, efforts to resolve international conflicts...

Latest News

AC *

Mex$207.44

Arca Continental. de

7D

4.8%

1Y

9.1%

AMX B

Mex$15.56

América Móvil. de

7D

3.8%

1Y

-1.8%

FEMSA UBD

Mex$185.22

Fomento Económico Mexicano. de

7D

2.9%

1Y

-18.5%

CEMEX CPO

Mex$13.58

CEMEX. de

7D

-1.5%

1Y

1.2%

AGUA *

Mex$15.04

Grupo Rotoplas. de

7D

-8.3%

1Y

-50.7%

GFNORTE O

Mex$151.67

Grupo Financiero Banorte. de

7D

2.6%

1Y

-19.1%

GFINBUR O

Mex$48.95

Grupo Financiero Inbursa. de

7D

7.9%

1Y

-10.7%

ELEKTRA *

Mex$336.11

Grupo Elektra. de

7D

-1.4%

1Y

-71.8%