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Mexican (IPC) Market Analysis & Valuation

UpdatedJul 29, 2025
DataAggregated Company Financials
Companies117
  • 7D2.8%
  • 3M0.6%
  • 1Y2.8%
  • YTD10.0%

The market has climbed 2.8% in the last 7 days, lead by the Consumer Staples sector with a gain of 3.1%. In the last 12 months, the market has been flat. As for the next few years, earnings are expected to grow by 12% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Jul 2025Mex$9.2tMex$7.7tMex$603.9b12x15.3x1.2x
Thu, 26 Jun 2025Mex$9.3tMex$7.6tMex$601.8b12x15.4x1.2x
Sat, 24 May 2025Mex$9.3tMex$7.6tMex$589.7b12.4x15.7x1.2x
Mon, 21 Apr 2025Mex$8.7tMex$7.5tMex$605.6b11x14.4x1.2x
Wed, 19 Mar 2025Mex$8.7tMex$7.6tMex$595.2b10.9x14.6x1.1x
Fri, 14 Feb 2025Mex$9.0tMex$7.5tMex$627.6b11.6x14.3x1.2x
Sun, 12 Jan 2025Mex$8.5tMex$7.6tMex$606.6b11.2x14x1.1x
Tue, 10 Dec 2024Mex$8.7tMex$7.5tMex$603.0b12.2x14.4x1.2x
Thu, 07 Nov 2024Mex$8.6tMex$7.4tMex$596.2b11.6x14.4x1.2x
Sat, 05 Oct 2024Mex$9.0tMex$7.3tMex$587.8b12.2x15.3x1.2x
Mon, 02 Sep 2024Mex$9.1tMex$7.4tMex$590.2b11.8x15.4x1.2x
Wed, 31 Jul 2024Mex$9.0tMex$7.3tMex$583.7b11.9x15.4x1.2x
Fri, 28 Jun 2024Mex$9.0tMex$7.1tMex$583.9b12.8x15.4x1.3x
Sun, 26 May 2024Mex$9.3tMex$7.0tMex$566.4b13.5x16.4x1.3x
Tue, 23 Apr 2024Mex$9.3tMex$7.1tMex$574.7b13.6x16.2x1.3x
Thu, 21 Mar 2024Mex$9.5tMex$7.1tMex$584.8b13.3x16.2x1.3x
Sat, 17 Feb 2024Mex$9.5tMex$7.3tMex$619.4b14.1x15.4x1.3x
Mon, 15 Jan 2024Mex$9.6tMex$7.4tMex$655.8b12.9x14.7x1.3x
Wed, 13 Dec 2023Mex$9.4tMex$7.4tMex$658.2b12.3x14.3x1.3x
Fri, 10 Nov 2023Mex$8.8tMex$7.4tMex$658.6b11.8x13.4x1.2x
Sun, 08 Oct 2023Mex$8.8tMex$7.5tMex$665.8b12.5x13.2x1.2x
Tue, 05 Sep 2023Mex$9.2tMex$7.4tMex$658.1b13x14x1.2x
Thu, 03 Aug 2023Mex$9.4tMex$7.4tMex$660.8b13.3x14.2x1.3x
Sat, 01 Jul 2023Mex$9.2tMex$7.3tMex$638.0b13.1x14.5x1.3x
Mon, 29 May 2023Mex$9.3tMex$7.3tMex$639.2b13.3x14.5x1.3x
Wed, 26 Apr 2023Mex$9.4tMex$7.1tMex$658.7b12.8x14.3x1.3x
Fri, 24 Mar 2023Mex$9.1tMex$6.4tMex$637.0b12.9x14.2x1.4x
Sun, 19 Feb 2023Mex$9.4tMex$7.2tMex$664.1b11.9x14.2x1.3x
Tue, 17 Jan 2023Mex$9.5tMex$7.2tMex$658.6b11.9x14.4x1.3x
Thu, 15 Dec 2022Mex$9.0tMex$7.3tMex$650.6b11.7x13.8x1.2x
Sat, 12 Nov 2022Mex$9.2tMex$8.3tMex$2.6t11.3x3.6x1.1x
Mon, 10 Oct 2022Mex$8.4tMex$7.2tMex$627.1b10.7x13.3x1.2x
Wed, 07 Sep 2022Mex$8.4tMex$7.2tMex$627.1b11.2x13.3x1.2x
Fri, 05 Aug 2022Mex$8.6tMex$7.2tMex$630.4b11.6x13.7x1.2x
Price to Earnings Ratio

13.7x


Total Market Cap: Mex$8.6tTotal Earnings: Mex$630.4bTotal Revenue: Mex$7.2tTotal 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 2.1% 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 Market2.82%
Telecom5.08%
Healthcare4.27%
Consumer Discretionary3.86%
Consumer Staples3.08%
Materials3.07%
Energy2.46%
Financials2.21%
Industrials1.31%
Real Estate0.55%
Utilities0%0
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 Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 8.4x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 20% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 2.4% 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$55.517.5%
+Mex$66.2b		-9.9%PE18.6xConsumer Staples
AMX B América Móvil. deMex$17.016.2%
+Mex$60.1b		9.2%PE20xTelecom
GMEXICO B Grupo México. deMex$120.373.4%
+Mex$30.4b		16.9%PE13.4xMaterials
BIMBO A Grupo Bimbo. deMex$55.4012.6%
+Mex$26.7b		-14.4%PE20.5xConsumer Staples
CEMEX CPO CEMEX. deMex$15.739.6%
+Mex$20.0b		32.0%PE13.6xMaterials
See more

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FIBRAPL 14
Mex$66.87
FIBRA Prologis
7D
-3.1%
1Y
13.0%
FEMSA UBD
Mex$171.93
Fomento Económico Mexicano. de
7D
-6.3%
1Y
-15.4%
GMEXICO B
Mex$120.37
Grupo México. de
7D
3.4%
1Y
16.9%

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CEMEX CPO
Mex$15.73
CEMEX. de
7D
9.6%
1Y
32.0%

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Jul 26
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ALPEK A
Mex$9.28
ALPEK. de
7D
-8.5%
1Y
-25.7%

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CUERVO *
Mex$24.24
Becle. de
7D
14.3%
1Y
-20.0%
BIMBO A
Mex$55.40
Grupo Bimbo. de
7D
12.6%
1Y
-14.4%
SITES1 A-1
Mex$16.52
Operadora de Sites Mexicanos. de
7D
-3.7%
1Y
2.5%
GFNORTE O
Mex$164.44
Grupo Financiero Banorte. de
7D
3.1%
1Y
17.4%
GCARSO A1
Mex$138.64
Grupo Carso. de
7D
4.4%
1Y
16.8%
WALMEX *
Mex$55.51
Wal-Mart de México. de
7D
7.5%
1Y
-9.9%

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AMX B
Mex$17.01
América Móvil. de
7D
6.2%
1Y
9.2%
OMA B
Mex$238.16
Grupo Aeroportuario del Centro Norte. de
7D
-4.5%
1Y
53.4%
ALFA A
Mex$13.79
Alfa. de
7D
-3.8%
1Y
28.3%
ICH B
Mex$168.80
Industrias CH S. A. B. de C. V
7D
-2.1%
1Y
-10.2%

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CTALPEK A
Mex$2.76
Controladora Alpek S. A. B. de C. V
7D
-7.7%
1Y
n/a