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Mexican (IPC) Market Analysis & Valuation

UpdatedMar 14, 2025
DataAggregated Company Financials
Companies119
  • 7D-1.5%
  • 3M-2.0%
  • 1Y-10.6%
  • YTD2.2%

Over the last 7 days, the market has dropped 1.5%, driven by a pullback of 2.6% in the Consumer Staples sector. In the last 12 months the market is down 11%. 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
Sat, 15 Mar 2025Mex$8.6tMex$7.6tMex$596.8b11x14.3x1.1x
Mon, 10 Feb 2025Mex$8.8tMex$7.5tMex$626.3b11.4x14.1x1.2x
Wed, 08 Jan 2025Mex$8.5tMex$7.5tMex$611.4b11.7x13.9x1.1x
Fri, 06 Dec 2024Mex$8.6tMex$7.5tMex$602.7b12.3x14.3x1.2x
Sun, 03 Nov 2024Mex$8.7tMex$7.4tMex$607.7b11.5x14.3x1.2x
Tue, 01 Oct 2024Mex$9.1tMex$7.4tMex$590.2b12x15.5x1.2x
Thu, 29 Aug 2024Mex$9.0tMex$7.4tMex$590.1b11.6x15.3x1.2x
Sat, 27 Jul 2024Mex$9.1tMex$7.2tMex$579.8b12.4x15.7x1.3x
Mon, 24 Jun 2024Mex$9.0tMex$7.1tMex$582.5b12.9x15.5x1.3x
Wed, 22 May 2024Mex$9.6tMex$7.0tMex$560.7b13.8x17.1x1.4x
Fri, 19 Apr 2024Mex$9.3tMex$7.1tMex$574.1b13.2x16.1x1.3x
Sun, 17 Mar 2024Mex$9.6tMex$7.1tMex$584.8b13.4x16.4x1.3x
Tue, 13 Feb 2024Mex$9.6tMex$7.4tMex$628.2b13.7x15.3x1.3x
Thu, 11 Jan 2024Mex$9.6tMex$7.4tMex$656.4b12.9x14.6x1.3x
Sat, 09 Dec 2023Mex$9.4tMex$7.4tMex$658.4b12.3x14.3x1.3x
Mon, 06 Nov 2023Mex$9.0tMex$7.5tMex$662.4b12x13.5x1.2x
Wed, 04 Oct 2023Mex$9.0tMex$7.5tMex$662.2b12.9x13.5x1.2x
Fri, 01 Sep 2023Mex$9.4tMex$7.4tMex$657.5b13x14.2x1.3x
Sun, 30 Jul 2023Mex$9.5tMex$7.4tMex$655.4b13.1x14.5x1.3x
Tue, 27 Jun 2023Mex$9.2tMex$7.3tMex$638.7b13.1x14.4x1.3x
Thu, 25 May 2023Mex$9.2tMex$7.4tMex$640.3b13.4x14.4x1.3x
Sat, 22 Apr 2023Mex$9.5tMex$7.3tMex$661.6b12.8x14.4x1.3x
Mon, 20 Mar 2023Mex$8.7tMex$6.9tMex$612.6b12.8x14.2x1.3x
Wed, 15 Feb 2023Mex$9.3tMex$7.2tMex$660.9b11.7x14.1x1.3x
Fri, 13 Jan 2023Mex$9.5tMex$7.2tMex$658.9b11.9x14.4x1.3x
Sun, 11 Dec 2022Mex$9.0tMex$7.3tMex$651.7b11.8x13.9x1.2x
Tue, 08 Nov 2022Mex$9.1tMex$8.3tMex$2.6t11.3x3.5x1.1x
Thu, 06 Oct 2022Mex$8.4tMex$7.2tMex$627.6b10.8x13.4x1.2x
Sat, 03 Sep 2022Mex$8.4tMex$7.2tMex$626.0b11.5x13.3x1.2x
Mon, 01 Aug 2022Mex$8.8tMex$7.2tMex$630.4b12.6x14x1.2x
Wed, 29 Jun 2022Mex$8.6tMex$6.9tMex$629.5b12.3x13.7x1.3x
Fri, 27 May 2022Mex$8.8tMex$6.9tMex$620.9b11.9x14.2x1.3x
Sun, 24 Apr 2022Mex$9.0tMex$6.6tMex$569.1b13.9x15.8x1.4x
Tue, 22 Mar 2022Mex$9.4tMex$6.7tMex$574.8b14.4x16.4x1.4x
Price to Earnings Ratio

16.4x


Total Market Cap: Mex$9.4tTotal Earnings: Mex$574.8bTotal Revenue: Mex$6.7tTotal 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 remained mostly flat over the last three years.
  • Meanwhile revenues have grown 4.0% 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-1.49%
Materials2.65%
Energy2.54%
Utilities0.18%
Financials-0.66%
Real Estate-0.70%
Industrials-1.69%
Healthcare-2.61%
Consumer Staples-2.63%
Consumer Discretionary-2.85%
Telecom-5.09%
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 Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 8.6x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 17% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 23% 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$104.613.4%
+Mex$26.6b		6.9%PE11.5xMaterials
PE&OLES * Industrias Peñoles. deMex$401.4311.5%
+Mex$16.4b		74.8%PE109.3xMaterials
ASUR B Grupo Aeroportuario del Sureste S. A. B. de C. VMex$572.226.5%
+Mex$10.5b		11.6%PE12.7xIndustrials
AC * Arca Continental. deMex$210.511.2%
+Mex$4.3b		11.8%PE18.2xConsumer Staples
GCARSO A1 Grupo Carso. deMex$118.691.5%
+Mex$4.1b		-16.6%PE17.9xIndustrials
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ASUR B

Mex$572.22

Grupo Aeroportuario del Sureste S. A. B. de C. V

7D

6.5%

1Y

11.6%

VISTA A

Mex$970.00

Vista Energy. de

7D

2.6%

1Y

43.9%

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CMOCTEZ *

Mex$81.00

Corporación Moctezuma. de

7D

3.8%

1Y

11.0%

WALMEX *

Mex$53.52

Wal-Mart de México. de

7D

-3.4%

1Y

-19.4%

Wal-Mart de México, S.A.B. de C.V.'s (BMV:WALMEX) Popularity With Investors Is Under Threat From Overpricing

Mar 12
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CEMEX CPO

Mex$12.03

CEMEX. de

7D

-2.7%

1Y

-15.2%

PE&OLES *

Mex$401.43

Industrias Peñoles. de

7D

11.5%

1Y

74.8%

Some Investors May Be Willing To Look Past Industrias Peñoles. de's (BMV:PE&OLES) Soft Earnings

Mar 11
Some Investors May Be Willing To Look Past Industrias Peñoles. de's (BMV:PE&OLES) Soft Earnings

CUERVO *

Mex$18.16

Becle. de

7D

-7.1%

1Y

-55.4%

GRUMA B

Mex$364.49

Gruma. de

7D

-3.6%

1Y

23.6%

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GFNORTE O

Mex$146.63

Grupo Financiero Banorte. de

7D

-0.9%

1Y

-13.7%

GMEXICO B

Mex$104.61

Grupo México. de

7D

3.4%

1Y

6.9%

Investor Optimism Abounds Grupo México, S.A.B. de C.V. (BMV:GMEXICOB) But Growth Is Lacking

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AMX B

Mex$14.35

América Móvil. de

7D

-5.2%

1Y

-9.0%

América Móvil. de (BMV:AMXB) Has A Somewhat Strained Balance Sheet

Mar 05
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BIMBO A

Mex$54.65

Grupo Bimbo. de

7D

-6.3%

1Y

-23.8%

FEMSA UBD

Mex$197.07

Fomento Económico Mexicano. de

7D

-0.8%

1Y

-8.0%

GCARSO A1

Mex$118.69

Grupo Carso. de

7D

1.5%

1Y

-16.6%

AC *

Mex$210.51

Arca Continental. de

7D

1.2%

1Y

11.8%

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FUNO 11

Mex$23.67

Fibra UNO

7D

3.9%

1Y

-16.4%