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Mexican (IPC) Market Analysis & Valuation

UpdatedAug 20, 2025
DataAggregated Company Financials
Companies118
  • 7D-0.1%
  • 3M-0.3%
  • 1Y2.6%
  • YTD11.4%

In the last week, the market has been flat, with a notable exception in the Energy sector dropping 5.9%. Similarly, the market is flat for the past 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 20 Aug 2025Mex$9.4tMex$7.8tMex$618.2b12x15.1x1.2x
Fri, 18 Jul 2025Mex$9.1tMex$7.6tMex$602.5b12.5x15.1x1.2x
Sun, 15 Jun 2025Mex$9.2tMex$7.6tMex$591.5b12x15.5x1.2x
Tue, 13 May 2025Mex$9.1tMex$7.6tMex$593.5b11.6x15.4x1.2x
Thu, 10 Apr 2025Mex$8.5tMex$7.6tMex$607.2b10.7x14x1.1x
Sat, 08 Mar 2025Mex$8.7tMex$7.6tMex$598.5b10.6x14.5x1.1x
Mon, 03 Feb 2025Mex$8.6tMex$7.6tMex$615.4b11.6x14x1.1x
Wed, 01 Jan 2025Mex$8.4tMex$7.6tMex$614.6b11.6x13.7x1.1x
Fri, 29 Nov 2024Mex$8.4tMex$7.4tMex$602.7b11.8x13.9x1.1x
Sun, 27 Oct 2024Mex$8.8tMex$7.4tMex$601.8b11.8x14.6x1.2x
Tue, 24 Sep 2024Mex$9.0tMex$7.4tMex$588.6b11.8x15.3x1.2x
Thu, 22 Aug 2024Mex$9.2tMex$7.4tMex$589.0b11.7x15.6x1.3x
Sat, 20 Jul 2024Mex$9.1tMex$7.1tMex$557.1b13.6x16.3x1.3x
Mon, 17 Jun 2024Mex$8.8tMex$7.1tMex$576.8b12.5x15.3x1.2x
Wed, 15 May 2024Mex$9.7tMex$7.0tMex$569.3b13.9x17x1.4x
Fri, 12 Apr 2024Mex$9.4tMex$7.1tMex$577.8b13.4x16.3x1.3x
Sun, 10 Mar 2024Mex$9.4tMex$7.1tMex$585.4b13x16.1x1.3x
Tue, 06 Feb 2024Mex$9.8tMex$7.4tMex$632.2b13.8x15.5x1.3x
Thu, 04 Jan 2024Mex$9.7tMex$7.4tMex$656.6b13.1x14.8x1.3x
Sat, 02 Dec 2023Mex$9.3tMex$7.4tMex$657.5b12.4x14.2x1.3x
Mon, 30 Oct 2023Mex$8.7tMex$7.5tMex$656.7b12.1x13.3x1.2x
Wed, 27 Sep 2023Mex$9.0tMex$7.5tMex$661.5b12.9x13.6x1.2x
Fri, 25 Aug 2023Mex$9.3tMex$7.4tMex$653.8b12.8x14.2x1.2x
Sun, 23 Jul 2023Mex$9.2tMex$7.3tMex$651.7b12.6x14.2x1.3x
Tue, 20 Jun 2023Mex$9.4tMex$7.3tMex$638.2b13.3x14.7x1.3x
Thu, 18 May 2023Mex$9.4tMex$7.3tMex$639.6b13.1x14.7x1.3x
Sat, 15 Apr 2023Mex$9.6tMex$7.2tMex$655.8b12.5x14.6x1.3x
Mon, 13 Mar 2023Mex$9.4tMex$7.3tMex$665.7b11.9x14x1.3x
Wed, 08 Feb 2023Mex$9.5tMex$7.2tMex$667.5b11.7x14.2x1.3x
Fri, 06 Jan 2023Mex$9.1tMex$7.2tMex$662.3b11.9x13.8x1.3x
Sun, 04 Dec 2022Mex$9.2tMex$7.3tMex$649.0b11.9x14.1x1.3x
Tue, 01 Nov 2022Mex$9.0tMex$8.3tMex$2.6t11.5x3.5x1.1x
Thu, 29 Sep 2022Mex$8.4tMex$7.2tMex$628.7b10.6x13.3x1.2x
Sat, 27 Aug 2022Mex$8.6tMex$7.2tMex$625.9b11.4x13.7x1.2x
Price to Earnings Ratio

13.7x


Total Market Cap: Mex$8.6tTotal Earnings: Mex$625.9bTotal 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 2.6% 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-0.14%
Telecom1.24%
Consumer Discretionary1.00%
Industrials0.94%
Consumer Staples0.62%
Utilities-0.035%
Materials-1.37%
Real Estate-1.48%
Financials-1.58%
Healthcare-5.72%
Energy-5.91%
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 below its 3-year average of 8.5x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings growth rate of 6.4% per year.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 3.5% 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$17.891.1%
+Mex$12.0b		8.6%PE21xTelecom
WALMEX * Wal-Mart de México. deMex$57.161.0%
+Mex$10.0b		-10.8%PE19.2xConsumer Staples
GAP B Grupo Aeroportuario del Pacífico. deMex$473.943.8%
+Mex$8.7b		53.6%PE25.9xIndustrials
BIMBO A Grupo Bimbo. deMex$57.703.3%
+Mex$7.8b		-16.3%PE21.3xConsumer Staples
AC * Arca Continental. deMex$200.951.5%
+Mex$5.2b		12.5%PE17xConsumer Staples
See more

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Mex$527.38
Industrias Peñoles. de
7D
-7.0%
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103.8%
WALMEX *
Mex$57.16
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GAP B
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Grupo Aeroportuario del Pacífico. de
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3.8%
1Y
53.6%
FEMSA UBD
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Mex$232.79
Promotora y Operadora de Infraestructura S. A. B. de C. V
7D
-2.9%
1Y
28.8%
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Mex$21.69
Becle. de
7D
-7.6%
1Y
-30.7%
BIMBO A
Mex$57.70
Grupo Bimbo. de
7D
3.3%
1Y
-16.3%
ASUR B
Mex$614.58
Grupo Aeroportuario del Sureste S. A. B. de C. V
7D
2.1%
1Y
15.9%
GFNORTE O
Mex$166.78
Grupo Financiero Banorte. de
7D
-1.1%
1Y
17.7%
GFINBUR O
Mex$48.64
Grupo Financiero Inbursa. de
7D
-3.5%
1Y
2.3%