Venezuelan (IBC) Market Analysis & Valuation

UpdatedAug 21, 2025

DataAggregated Company Financials

Companies35

7D11.1%
3M135.8%
1Y35.9%
YTD35.3%

The market has climbed 11% in the last 7 days, lead by the Financials sector with a gain of 12%. As for the past 12 months, the market is up 36%.

Market Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 22 Aug 2025	438.8b	57.6b	21.8b	20.8x	20.1x	7.6x
Sun, 20 Jul 2025	269.9b	45.6b	14.9b	29.2x	18.1x	5.9x
Tue, 17 Jun 2025	227.4b	34.9b	7.9b	14.3x	29x	6.5x
Thu, 15 May 2025	153.9b	34.9b	8.8b	10.2x	17.5x	4.4x
Sat, 12 Apr 2025	144.2b	21.9b	3.7b	17.1x	38.5x	6.6x
Mon, 10 Mar 2025	119.8b	15.0b	2.4b	19.9x	49x	8x
Wed, 05 Feb 2025	101.3b	14.0b	2.4b	18.1x	42x	7.2x
Fri, 03 Jan 2025	321.7b	13.3b	2.1b	24x	155.8x	24.2x
Sun, 01 Dec 2024	313.6b	15.0b	2.2b	27.1x	139.8x	20.9x
Tue, 29 Oct 2024	309.1b	15.0b	2.3b	23.5x	136.1x	20.6x
Thu, 26 Sep 2024	302.9b	18.4b	3.5b	26.5x	86.4x	16.4x
Sat, 24 Aug 2024	302.5b	18.0b	3.6b	30.5x	84.4x	16.9x
Mon, 22 Jul 2024	298.5b	16.9b	3.7b	16.1x	81.4x	17.7x
Wed, 19 Jun 2024	289.1b	15.4b	3.9b	5.3x	74.4x	18.8x
Fri, 17 May 2024	282.0b	16.7b	3.6b	12x	78.8x	16.9x
Sun, 14 Apr 2024	284.4b	16.7b	3.6b	12.6x	78.9x	17.1x
Tue, 12 Mar 2024	278.5b	15.7b	3.9b	11x	71.3x	17.7x
Thu, 08 Feb 2024	94.6b	14.4b	3.8b	11.5x	25x	6.6x
Sat, 06 Jan 2024	94.3b	14.1b	3.6b	22.1x	26x	6.7x
Mon, 04 Dec 2023	93.4b	14.1b	3.7b	22.6x	25.5x	6.6x
Wed, 01 Nov 2023	87.1b	11.6b	2.9b	16.7x	29.9x	7.5x
Fri, 29 Sep 2023	80.6b	9.1b	1.8b	21.3x	44.2x	8.8x
Sun, 27 Aug 2023	84.4b	7.4b	1.1b	16.4x	76.7x	11.4x
Tue, 25 Jul 2023	84.2b	6.4b	2.1b	12.5x	39.3x	13.2x
Thu, 22 Jun 2023	83.0b	6.2b	2.1b	11x	39.2x	13.5x
Sat, 20 May 2023	80.9b	3.2b	869.4m	35.4x	93x	25.6x
Mon, 17 Apr 2023	78.4b	2.9b	779.3m	30.1x	100.6x	27.1x
Wed, 15 Mar 2023	19.6b	943.3m	42.2t	23.6x	0.0005x	20.8x
Fri, 10 Feb 2023	19.8b	110.9t	45.9t	0.0002x	0.0004x	0.0002x
Sun, 08 Jan 2023	695.8b	110.9t	45.9t	10.8x	0.02x	0.006x
Tue, 06 Dec 2022	8.8b	110.9t	45.9t	0.0001x	0.0002x	0.00008x
Thu, 03 Nov 2022	11.8b	110.9t	45.9t	0.00003x	0.0003x	0.0001x
Sat, 01 Oct 2022	4.9b	110.9t	45.9t	0.00003x	0.0001x	0.00004x
Mon, 29 Aug 2022	13.3b	110.9t	- 64,108,816,183,213.00	8x	-0.0002x	0.0001x

Price to Earnings Ratio

-0.0002x

Mon, 29 Aug 2022

Current Market PE

Investors are pessimistic on the Venezuelan market, indicating that they anticipate earnings will not grow as fast as they have historically.

The market is trading at a PE ratio of 20.1x which is lower than its 3-year average PE of 50.5x.

Past Earnings Growth

Total earnings for Venezuelan listed companies have gone up over the last three years, and the market is now profitable.
Meanwhile revenues have declined 92% per year.
This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Sector Trends

Which sectors have driven the changes within the Venezuelan Market?


VE Market	11.12%
Industrials	24.53%
Financials	11.92%
Materials	10.93%
Consumer Staples	9.29%
Telecom	5.47%
Consumer Discretionary	1.16%
Real Estate	0.11%
Utilities	0%	0

Sector PE

Investors favour the Financials sector the most for future growth even though it's trading below its 3-year average PE ratio of 269x.

It looks like investors are confident that earnings will grow faster in the future than they have historically.

Forecasted GrowthThere is insufficient data in this market to determine future earnings growth rates.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation	Sector
MVZ.B Mercantil Servicios Financieros C.A	US$999.99	33.5% +US$26.3b	975.3%	PB4.3x	Financials
PGR Proagro C.A	US$33.00	57.5% +US$8.8b	n/a	n/a	Consumer Staples
BPV Banco Provincial Banco Universal	US$20.00	9.6% +US$7.7b	501.1%	PB2.5x	Financials
BNC Banco Nacional de Crédito C.A. Banco Universal	US$209.00	13.6% +US$6.5b	-77.4%	PB9.7x	Financials
RST C.A. Ron Santa Teresa	US$54.00	12.5% +US$3.4b	286.3%	n/a	Consumer Staples