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Mexican (IPC) Market Analysis & Valuation

UpdatedApr 04, 2025
DataAggregated Company Financials
Companies118
  • 7D1.9%
  • 3M8.8%
  • 1Y-8.4%
  • YTD6.6%

The Consumer Staples and Financials sectors drove a 1.9% in the market over the last week. In contrast, the market has seen a decline of 8.4% over the last 12 months. 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
Fri, 04 Apr 2025Mex$8.8tMex$7.5tMex$606.5b10.7x14.5x1.2x
Sun, 02 Mar 2025Mex$8.6tMex$7.6tMex$596.7b11.6x14.4x1.1x
Tue, 28 Jan 2025Mex$8.7tMex$7.6tMex$613.7b11.6x14.2x1.1x
Thu, 26 Dec 2024Mex$8.5tMex$7.5tMex$610.5b11.7x13.9x1.1x
Sat, 23 Nov 2024Mex$8.5tMex$7.4tMex$603.0b11.7x14x1.1x
Mon, 21 Oct 2024Mex$9.2tMex$7.4tMex$594.4b12.3x15.5x1.2x
Wed, 18 Sep 2024Mex$9.0tMex$7.3tMex$587.1b12x15.4x1.2x
Fri, 16 Aug 2024Mex$9.2tMex$7.3tMex$585.1b11.8x15.7x1.3x
Sun, 14 Jul 2024Mex$9.4tMex$7.1tMex$582.6b13.6x16.1x1.3x
Tue, 11 Jun 2024Mex$9.0tMex$7.1tMex$576.2b12.8x15.6x1.3x
Thu, 09 May 2024Mex$9.5tMex$7.1tMex$568.1b13x16.7x1.3x
Sat, 06 Apr 2024Mex$9.6tMex$7.1tMex$580.1b13.7x16.5x1.4x
Mon, 04 Mar 2024Mex$9.5tMex$7.1tMex$584.1b13.7x16.3x1.3x
Wed, 31 Jan 2024Mex$9.8tMex$7.4tMex$662.0b13.2x14.8x1.3x
Fri, 29 Dec 2023Mex$9.9tMex$7.4tMex$656.4b13.4x15.1x1.3x
Sun, 26 Nov 2023Mex$9.2tMex$7.4tMex$657.1b11.9x14x1.2x
Tue, 24 Oct 2023Mex$8.6tMex$7.5tMex$659.5b11.9x13.1x1.1x
Thu, 21 Sep 2023Mex$9.1tMex$7.4tMex$659.1b12.8x13.8x1.2x
Sat, 19 Aug 2023Mex$9.2tMex$7.4tMex$654.5b12.8x14.1x1.2x
Mon, 17 Jul 2023Mex$9.3tMex$7.3tMex$645.3b13.1x14.3x1.3x
Wed, 14 Jun 2023Mex$9.3tMex$7.3tMex$637.8b13.5x14.5x1.3x
Fri, 12 May 2023Mex$9.6tMex$7.4tMex$666.9b13.2x14.3x1.3x
Sun, 09 Apr 2023Mex$9.4tMex$7.2tMex$662.3b11.8x14.2x1.3x
Tue, 07 Mar 2023Mex$9.5tMex$7.2tMex$662.9b11.5x14.3x1.3x
Thu, 02 Feb 2023Mex$9.7tMex$7.2tMex$665.5b11.9x14.5x1.3x
Sat, 31 Dec 2022Mex$8.9tMex$7.2tMex$663.1b11.8x13.4x1.2x
Mon, 28 Nov 2022Mex$9.2tMex$7.3tMex$648.8b11.5x14.2x1.3x
Wed, 26 Oct 2022Mex$8.8tMex$7.3tMex$635.1b11.6x13.8x1.2x
Fri, 23 Sep 2022Mex$8.5tMex$7.2tMex$626.3b10.9x13.5x1.2x
Sun, 21 Aug 2022Mex$8.8tMex$7.2tMex$627.6b11.5x13.9x1.2x
Tue, 19 Jul 2022Mex$8.6tMex$7.0tMex$610.7b11.9x14x1.2x
Thu, 16 Jun 2022Mex$8.5tMex$6.9tMex$628.6b11.9x13.5x1.2x
Sat, 14 May 2022Mex$8.5tMex$6.9tMex$616.4b12.2x13.8x1.2x
Mon, 11 Apr 2022Mex$9.4tMex$6.7tMex$569.9b14.2x16.6x1.4x
Price to Earnings Ratio

16.6x


Total Market Cap: Mex$9.4tTotal Earnings: Mex$569.9bTotal Revenue: Mex$6.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Mexican Market Price to Earnings3Y Average 14.4x202320242025
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 14.4x.
Past Earnings Growth
  • The earnings for Mexican listed companies have grown 2.1% per year over the last three years.
  • Revenues for these companies have grown 4.1% 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 Market1.90%
Financials4.41%
Industrials2.79%
Real Estate2.59%
Telecom2.53%
Consumer Staples2.04%
Consumer Discretionary1.77%
Utilities0.81%
Healthcare-0.24%
Materials-1.56%
Energy-3.55%
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 8.5x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 28% 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 22% 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
WALMEX * Wal-Mart de México. deMex$59.383.7%
+Mex$36.6b
-11.1%PE19.2xConsumer Staples
GCARSO A1 Grupo Carso. deMex$129.699.0%
+Mex$24.2b
-11.7%PE19.5xIndustrials
GFNORTE O Grupo Financiero Banorte. deMex$154.415.8%
+Mex$23.7b
-15.1%PB1.7xFinancials
AMX B América Móvil. deMex$14.991.8%
+Mex$16.4b
-2.6%PE32.2xTelecom
GFINBUR O Grupo Financiero Inbursa. deMex$48.995.0%
+Mex$14.2b
-5.3%PB1.1xFinancials
See more
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Market Insights

Our recent updates have been pretty US-heavy, and for good reason. Trump’s “shock and awe” approach to trade (with a side of WTF) has kept markets guessing...

Latest News

CUERVO *

Mex$21.45

Becle. de

7D

15.4%

1Y

-41.4%

WALMEX *

Mex$59.38

Wal-Mart de México. de

7D

3.7%

1Y

-11.1%

RLH A

Mex$12.20

RLH Properties. de

7D

-10.0%

1Y

n/a

CEMEX CPO

Mex$11.10

CEMEX. de

7D

-4.4%

1Y

-23.8%

AC *

Mex$210.07

Arca Continental. de

7D

-2.2%

1Y

19.5%

GFNORTE O

Mex$154.41

Grupo Financiero Banorte. de

7D

5.8%

1Y

-15.1%

AMX B

Mex$14.99

América Móvil. de

7D

1.8%

1Y

-2.6%

PE&OLES *

Mex$403.23

Industrias Peñoles. de

7D

9.2%

1Y

30.0%

BIMBO A

Mex$59.27

Grupo Bimbo. de

7D

4.9%

1Y

-19.3%

GCARSO A1

Mex$129.69

Grupo Carso. de

7D

9.0%

1Y

-11.7%

GFINBUR O

Mex$48.99

Grupo Financiero Inbursa. de

7D

5.0%

1Y

-5.3%