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Mexican (IPC) Market Analysis & Valuation

UpdatedMay 05, 2025
DataAggregated Company Financials
Companies117
  • 7D-1.9%
  • 3M7.8%
  • 1Y-4.9%
  • YTD8.8%

Over the last 7 days, the market has dropped 1.9%, driven by a decline of 2.6% in the Consumer Staples sector. As for last year, the market is also down 4.9%. As for the next few years, earnings are expected to grow by 11% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 05 May 2025Mex$9.1tMex$7.6tMex$605.5b11.5x15x1.2x
Wed, 02 Apr 2025Mex$8.7tMex$7.6tMex$609.0b10.6x14.2x1.1x
Fri, 28 Feb 2025Mex$8.7tMex$7.5tMex$600.1b11x14.5x1.2x
Sun, 26 Jan 2025Mex$8.7tMex$7.5tMex$611.2b11.4x14.2x1.2x
Tue, 24 Dec 2024Mex$8.5tMex$7.5tMex$610.8b11.6x14x1.1x
Thu, 21 Nov 2024Mex$8.4tMex$7.4tMex$602.0b11.6x14x1.1x
Sat, 19 Oct 2024Mex$9.1tMex$7.4tMex$594.3b12.3x15.3x1.2x
Mon, 16 Sep 2024Mex$9.0tMex$7.3tMex$587.5b11.7x15.4x1.2x
Wed, 14 Aug 2024Mex$9.1tMex$7.3tMex$587.1b11.4x15.5x1.2x
Fri, 12 Jul 2024Mex$9.3tMex$7.1tMex$581.9b13.3x16x1.3x
Sun, 09 Jun 2024Mex$9.0tMex$7.1tMex$576.6b12.6x15.5x1.3x
Tue, 07 May 2024Mex$9.4tMex$7.1tMex$568.3b13.2x16.6x1.3x
Thu, 04 Apr 2024Mex$9.6tMex$7.1tMex$580.6b13.6x16.5x1.4x
Sat, 02 Mar 2024Mex$9.5tMex$7.1tMex$581.4b13.8x16.4x1.3x
Mon, 29 Jan 2024Mex$9.8tMex$7.4tMex$662.2b12.9x14.7x1.3x
Wed, 27 Dec 2023Mex$9.8tMex$7.4tMex$656.4b13.3x15x1.3x
Fri, 24 Nov 2023Mex$9.0tMex$7.4tMex$656.8b11.9x13.7x1.2x
Sun, 22 Oct 2023Mex$8.6tMex$7.5tMex$659.1b11.9x13.1x1.1x
Tue, 19 Sep 2023Mex$9.0tMex$7.4tMex$659.3b12.7x13.7x1.2x
Thu, 17 Aug 2023Mex$9.2tMex$7.4tMex$655.1b13.3x14.1x1.2x
Sat, 15 Jul 2023Mex$9.3tMex$7.3tMex$645.4b13.1x14.4x1.3x
Mon, 12 Jun 2023Mex$9.3tMex$7.3tMex$638.1b13.5x14.6x1.3x
Wed, 10 May 2023Mex$9.6tMex$7.4tMex$667.5b13.2x14.4x1.3x
Fri, 07 Apr 2023Mex$9.4tMex$7.0tMex$662.6b12x14.2x1.3x
Sun, 05 Mar 2023Mex$9.5tMex$7.3tMex$661.6b11.5x14.4x1.3x
Tue, 31 Jan 2023Mex$9.6tMex$7.2tMex$664.3b12x14.5x1.3x
Thu, 29 Dec 2022Mex$8.9tMex$7.3tMex$649.4b11.8x13.8x1.2x
Sat, 26 Nov 2022Mex$9.2tMex$7.3tMex$648.8b11.5x14.2x1.3x
Mon, 24 Oct 2022Mex$8.5tMex$7.3tMex$635.8b10.8x13.4x1.2x
Wed, 21 Sep 2022Mex$8.6tMex$7.2tMex$626.4b11.1x13.7x1.2x
Fri, 19 Aug 2022Mex$8.8tMex$7.2tMex$626.8b11.5x14x1.2x
Sun, 17 Jul 2022Mex$8.6tMex$7.0tMex$610.5b11.9x14x1.2x
Tue, 14 Jun 2022Mex$8.5tMex$6.9tMex$627.1b12.1x13.6x1.2x
Thu, 12 May 2022Mex$8.5tMex$6.9tMex$618.5b12x13.7x1.2x
Price to Earnings Ratio

13.7x


Total Market Cap: Mex$8.5tTotal Earnings: Mex$618.5bTotal Revenue: Mex$6.9tTotal 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 remained mostly flat over the last three years.
  • Meanwhile revenues have grown 3.4% 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-1.90%
Real Estate0.13%
Utilities-0.45%
Telecom-0.45%
Consumer Discretionary-0.51%
Financials-1.26%
Materials-2.14%
Consumer Staples-2.59%
Industrials-2.71%
Healthcare-4.51%
Energy-7.56%
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 close to its 3-year average of 8.5x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings growth rate of 5.9% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 19% 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
GAP B Grupo Aeroportuario del Pacífico. deMex$401.652.3%
+Mex$4.6b
28.7%PE22.7xIndustrials
AC * Arca Continental. deMex$207.171.1%
+Mex$3.7b
25.4%PE17.6xConsumer Staples
SORIANA B Organización Soriana S. A. B. de C. VMex$26.935.6%
+Mex$2.6b
-21.9%PE12.8xConsumer Staples
MEGA CPO Megacable Holdings S. A. B. de C. VMex$49.886.0%
+Mex$2.4b
-3.4%PE18.5xTelecom
ELEKTRA * Grupo Elektra. deMex$353.223.1%
+Mex$2.2b
-68.1%PB0.9xFinancials
See more
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Market Insights

The level of uncertainty has been off the charts lately. That’s why we’ve been talking about defensive strategies over the last few weeks. Playing defense is one way to take on an uncertain future...

Latest News

GCARSO A1

Mex$134.10

Grupo Carso. de

7D

-9.5%

1Y

-8.1%

Q *

Mex$219.66

Quálitas Controladora. de

7D

1.6%

1Y

3.1%

BIMBO A

Mex$58.12

Grupo Bimbo. de

7D

-13.2%

1Y

-16.7%

PE&OLES *

Mex$389.20

Industrias Peñoles. de

7D

-4.0%

1Y

55.6%

GFINBUR O

Mex$50.22

Grupo Financiero Inbursa. de

7D

-7.2%

1Y

3.6%

ELEKTRA *

Mex$353.22

Grupo Elektra. de

7D

3.1%

1Y

-68.1%

AMX B

Mex$16.87

América Móvil. de

7D

0.2%

1Y

1.1%

GMEXICO B

Mex$101.27

Grupo México. de

7D

-4.8%

1Y

-4.4%

GAP B

Mex$401.65

Grupo Aeroportuario del Pacífico. de

7D

2.3%

1Y

28.7%

AC *

Mex$207.17

Arca Continental. de

7D

1.1%

1Y

25.4%

GFNORTE O

Mex$163.67

Grupo Financiero Banorte. de

7D

-2.1%

1Y

-5.4%