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Gruma, S.A.B. de C.V.BMV:GRUMA B Stock Report

Market Cap Mex$100.6b
Share Price
Mex$296.06
Mex$370.15
20.0% undervalued intrinsic discount
1Y-10.2%
7D2.7%
1D
Portfolio Value
View

Gruma, S.A.B. de C.V.

BMV:GRUMA B Stock Report

Market Cap: Mex$100.6b

Gruma. de (GRUMA B) Stock Overview

Operates as a food company in Mexico, the United States, Europe, Asia, Oceania, and Central America. More details

GRUMA B fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends3/6

GRUMA B Community Fair Values

Create Narrative

See what 9 others think this stock is worth. Follow their fair value or set your own to get alerts.

Gruma, S.A.B. de C.V. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Gruma. de
Historical stock prices
Current Share PriceMex$296.06
52 Week HighMex$351.85
52 Week LowMex$284.29
Beta-0.0035
1 Month Change-0.60%
3 Month Change-3.05%
1 Year Change-10.16%
3 Year Change6.92%
5 Year Change31.24%
Change since IPO1,488.48%

Recent News & Updates

Narrative Update Jun 04

GRUMA B: Future P/E Framework Will Support Upside Despite Recent Downgrade

Analysts have trimmed their price target on Gruma to MX$345, reflecting slightly adjusted expectations after recent updates to revenue growth, profit margin and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts see the MX$345 price target as consistent with current assumptions on P/E, suggesting they still view the stock as reasonably aligned with their valuation framework after recent updates.
Narrative Update May 20

GRUMA B: Higher Forward P/E Framework Will Support Future Undervalued Upside

Analysts have trimmed their price target on Gruma to about MX$371 from roughly MX$372, citing refreshed assumptions around fair value and a higher forward P/E multiple as outlined in recent research updates. Analyst Commentary Recent research points to a slightly lower price target for Gruma near MX$371, with the adjustment framed as a fine tuning of fair value assumptions rather than a major shift in view.
Narrative Update May 06

GRUMA B: Higher Required Return And P/E Framework Will Support Undervalued Upside

Analysts have cut their price target on Gruma by MX$10, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E multiples, as highlighted in recent Street research. Analyst Commentary Bullish Takeaways Bullish analysts view the MX$10 cut to the price target as a recalibration that keeps the stock aligned with updated assumptions on fair value rather than a major change in long term conviction.

Recent updates

Narrative Update Jun 04

GRUMA B: Future P/E Framework Will Support Upside Despite Recent Downgrade

Analysts have trimmed their price target on Gruma to MX$345, reflecting slightly adjusted expectations after recent updates to revenue growth, profit margin and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts see the MX$345 price target as consistent with current assumptions on P/E, suggesting they still view the stock as reasonably aligned with their valuation framework after recent updates.
Narrative Update May 20

GRUMA B: Higher Forward P/E Framework Will Support Future Undervalued Upside

Analysts have trimmed their price target on Gruma to about MX$371 from roughly MX$372, citing refreshed assumptions around fair value and a higher forward P/E multiple as outlined in recent research updates. Analyst Commentary Recent research points to a slightly lower price target for Gruma near MX$371, with the adjustment framed as a fine tuning of fair value assumptions rather than a major shift in view.
Narrative Update May 06

GRUMA B: Higher Required Return And P/E Framework Will Support Undervalued Upside

Analysts have cut their price target on Gruma by MX$10, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E multiples, as highlighted in recent Street research. Analyst Commentary Bullish Takeaways Bullish analysts view the MX$10 cut to the price target as a recalibration that keeps the stock aligned with updated assumptions on fair value rather than a major change in long term conviction.
Narrative Update Apr 20

GRUMA B: Higher Future P/E And Revenue Outlook Signal Undervalued Upside

Analysts have made a small upward adjustment to the Gruma price target to roughly MX$377, citing updated assumptions that balance a slightly higher revenue growth outlook with a modestly different margin and P/E profile. Valuation Changes Fair Value: MX$377.15 to MX$377.31, a very small upward adjustment that keeps the valuation level broadly unchanged.
Narrative Update Apr 05

GRUMA B: Higher Expected P/E Supports Attractive Future Upside Potential

Analysts have adjusted their price target for Gruma to MX$377.15 per share, reflecting updated assumptions around slightly higher revenue growth, a modestly different profit margin outlook, and a small change in expected future P/E levels. Valuation Changes Fair Value: MX$377.15 per share is unchanged compared with the prior estimate.
New Narrative Apr 01

Flat Volumes And Margin Pressure Will Shape Tortilla Demand Upside Over Time

Catalysts About Gruma. de Gruma.
Narrative Update Mar 22

GRUMA B: Stronger Margin Outlook Will Support Future Upside Potential

Analysts have trimmed their MX$ price target for Gruma, A.B. de C.V. slightly to reflect a fair value move from about MX$380.77 to around MX$377.15, citing updated assumptions around modestly softer revenue, a small uplift in profit margin and a slightly lower future P/E multiple. Valuation Changes Fair Value: The MX$ fair value moves slightly from MX$380.77 to MX$377.15, reflecting updated assumptions in the model.
New Narrative Mar 18

Healthy Eating Trends And Global Capacity Expansion Will Drive Stronger Future Potential

Catalysts About Gruma. de Gruma is a global producer of tortillas and corn flour with operations across the U.S., Mexico, Europe, Central America and Asia Oceania.
Narrative Update Mar 08

GRUMA B: Higher Margin Outlook Will Support Further Upside Potential

Analysts have nudged their price target for Gruma slightly lower to MX$380.77 from MX$382.77, reflecting updated views on more moderate revenue growth, a higher profit margin outlook, and a reduced future P/E assumption. Valuation Changes Fair Value: trimmed slightly to MX$380.77 from MX$382.77, a reduction of about MX$2 per share.
Narrative Update Feb 21

GRUMA B: Softer Assumptions Will Still Support Further Upside Potential

Analysts have trimmed their MX$ fair value estimate for Gruma, de from MX$385.62 to MX$382.77 as they factor in slightly softer revenue growth and profit margin assumptions, along with a lower future P/E outlook. Valuation Changes Fair Value: The MX$ fair value estimate moved slightly lower from MX$385.62 to MX$382.77.
Analysis Article Feb 15

Is Gruma. de (BMV:GRUMAB) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Narrative Update Feb 06

GRUMA B: Higher Future P/E Assumptions Will Support Further Upside Potential

Analysts have nudged their fair value estimate for Gruma de higher to $385.62 from $381.46, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions. Valuation Changes Fair Value: Updated fair value estimate has shifted to MX$385.62 from MX$381.46, a small upward adjustment.
Narrative Update Jan 23

GRUMA B: Higher Revenue Assumptions And P/E Expectations Will Support Future Upside

Analysts have nudged their price target for Gruma de slightly higher to about $381 from roughly $380, citing updated assumptions that combine modestly stronger projected revenue growth with a small adjustment to long term profit margins and future P/E expectations. Valuation Changes Fair Value Estimate: Adjusted slightly higher from MX$380.31 to MX$381.46.
Analysis Article Jan 13

Does Gruma. de (BMV:GRUMAB) Deserve A Spot On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Narrative Update Jan 08

GRUMA B: Stable Assumptions And Margin Support Will Underpin Future Upside

Analysts have kept their price target for Gruma.de broadly in line with prior views, noting that only minor adjustments to revenue growth, profit margin and future P/E assumptions were needed to support their updated valuation framework. Valuation Changes Fair Value: Kept unchanged at MX$380.31 per share, indicating no revision to the core valuation output.
Analysis Article Dec 30

Under The Bonnet, Gruma. de's (BMV:GRUMAB) Returns Look Impressive

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Narrative Update Dec 25

GRUMA B: Future Margin Resilience Will Support Stronger Earnings Profile

Analysts have slightly lowered their price target on Gruma, de, trimming fair value by about 1 percent to approximately €380 per share. They cited modestly higher long term revenue growth expectations, offset by a marginally softer profit margin outlook and a slightly richer future P E multiple.
Analysis Article Dec 17

Lacklustre Performance Is Driving Gruma, S.A.B. de C.V.'s (BMV:GRUMAB) Low P/E

Gruma, S.A.B. de C.V.'s ( BMV:GRUMAB ) price-to-earnings (or "P/E") ratio of 10.9x might make it look like a buy right...
Narrative Update Dec 11

GRUMA B: Future Margin Expansion Will Support Stronger Earnings Profile

Analysts have trimmed their price target on Gruma.de slightly to approximately $384 from about $394, reflecting a more modest revenue growth outlook that is partly offset by expectations for improved profit margins and a slightly lower future P/E multiple. Valuation Changes The fair value estimate has fallen slightly from approximately MX$393.54 to MX$383.77, reflecting a modest downward revision in expected intrinsic value.
Narrative Update Nov 27

GRUMA B: Future Margins Will Improve Modestly as Profitability Trends Upward

Analysts have slightly lowered their price target for Gruma.de from $394.69 to $393.54, citing marginal adjustments in revenue growth and profit margin expectations. Valuation Changes Fair Value: Decreased slightly from MX$394.69 to MX$393.54.
Narrative Update Nov 12

GRUMA B: Stronger Revenue Growth Will Offset Lower Profit Margins Ahead

Analysts have raised their price target for Gruma.de, increasing it by MXN0 to MXN394.69. They anticipate that stronger revenue growth will offset a modest decline in profit margin estimates.
Analysis Article Nov 03

Gruma. de (BMV:GRUMAB) Seems To Use Debt Quite Sensibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Narrative Update Oct 29

Better For You Product Line Expansion Will Open Global Markets

Narrative Update on Gruma: Analyst Price Target Adjustment Analysts have modestly reduced their fair value estimate for Gruma from $395.08 to $394.69. This adjustment is due to a slight dip in projected profit margin, which is partially offset by improved revenue growth expectations.
Analysis Article Oct 18

Gruma. de (BMV:GRUMAB) Is Due To Pay A Dividend Of $1.44

Gruma, S.A.B. de C.V. ( BMV:GRUMAB ) will pay a dividend of $1.44 on the 9th of January. The payment will take the...
Analysis Article Oct 15

Estimating The Intrinsic Value Of Gruma, S.A.B. de C.V. (BMV:GRUMAB)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Gruma. de fair value estimate is Mex$365 With Mex$316 share...
Narrative Update Oct 14

Better For You Product Line Expansion Will Open Global Markets

Analysts have lowered their price target for Gruma from $397.38 to $395.08, citing modest adjustments to revenue growth projections despite a slightly improved profit margin outlook. Valuation Changes Fair Value: Decreased modestly from MX$397.38 to MX$395.08.
Analysis Article Oct 02

Gruma. de's (BMV:GRUMAB) Dividend Will Be $1.44

The board of Gruma, S.A.B. de C.V. ( BMV:GRUMAB ) has announced that it will pay a dividend on the 10th of October...
Analysis Article Sep 28

Gruma. de (BMV:GRUMAB) Ticks All The Boxes When It Comes To Earnings Growth

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Sep 15

Gruma. de's (BMV:GRUMAB) Dividend Will Be $1.44

Gruma, S.A.B. de C.V.'s ( BMV:GRUMAB ) investors are due to receive a payment of $1.44 per share on 10th of October...
Analysis Article Sep 10

We Think Gruma. de (BMV:GRUMAB) Might Have The DNA Of A Multi-Bagger

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Analysis Article Aug 28

Gruma. de (BMV:GRUMAB) Is Due To Pay A Dividend Of $1.44

The board of Gruma, S.A.B. de C.V. ( BMV:GRUMAB ) has announced that it will pay a dividend of $1.44 per share on the...
Analysis Article Aug 26

Gruma, S.A.B. de C.V.'s (BMV:GRUMAB) Shares May Have Run Too Fast Too Soon

There wouldn't be many who think Gruma, S.A.B. de C.V.'s ( BMV:GRUMAB ) price-to-earnings (or "P/E") ratio of 11.2x is...
Analysis Article Aug 12

Gruma. de (BMV:GRUMAB) Will Pay A Dividend Of $1.44

Gruma, S.A.B. de C.V. ( BMV:GRUMAB ) has announced that it will pay a dividend of $1.44 per share on the 10th of...
Analysis Article Jul 28

Gruma. de's (BMV:GRUMAB) Dividend Will Be $1.44

Gruma, S.A.B. de C.V.'s ( BMV:GRUMAB ) investors are due to receive a payment of $1.44 per share on 10th of October...
Analysis Article Jul 26

Analysts Have Made A Financial Statement On Gruma, S.A.B. de C.V.'s (BMV:GRUMAB) Second-Quarter Report

Gruma, S.A.B. de C.V. ( BMV:GRUMAB ) missed earnings with its latest quarterly results, disappointing overly-optimistic...
Analysis Article Jul 12

Gruma. de (BMV:GRUMAB) Has Announced A Dividend Of $1.44

Gruma, S.A.B. de C.V.'s ( BMV:GRUMAB ) investors are due to receive a payment of $1.44 per share on 10th of October...
Analysis Article Jul 09

These 4 Measures Indicate That Gruma. de (BMV:GRUMAB) Is Using Debt Reasonably Well

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Jun 25

Gruma. de (BMV:GRUMAB) Is Paying Out A Larger Dividend Than Last Year

Gruma, S.A.B. de C.V. ( BMV:GRUMAB ) has announced that it will be increasing its dividend from last year's comparable...
User avatar
New Narrative Feb 22

Expansion Into Better For You Products May Capture Demand, Yet Inflation Risks Persist

Strategic focus on Better For You products and new plant in China indicates potential for revenue and sales growth in high-demand global markets.

Shareholder Returns

GRUMA BMX FoodMX Market
7D2.7%2.8%2.8%
1Y-10.2%32.5%17.4%

Return vs Industry: GRUMA B underperformed the MX Food industry which returned 32.8% over the past year.

Return vs Market: GRUMA B underperformed the MX Market which returned 16.2% over the past year.

Price Volatility

Is GRUMA B's price volatile compared to industry and market?
GRUMA B volatility
GRUMA B Average Weekly Movement2.5%
Food Industry Average Movement4.8%
Market Average Movement3.8%
10% most volatile stocks in MX Market6.1%
10% least volatile stocks in MX Market2.5%

Stable Share Price: GRUMA B has not had significant price volatility in the past 3 months compared to the MX market.

Volatility Over Time: GRUMA B's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
194925,258Juan Gonzalez Morenowww.gruma.com

Gruma, S.A.B. de C.V., together with its subsidiaries, operates as a food company in Mexico, the United States, Europe, Asia, Oceania, and Central America. The company operates through Corn Flour and Packaged Tortilla Division (United States); Corn Flour Division (Mexico); Corn Flour and Packaged Tortilla Division (Europe); and Other segments. It engages in the manufacturing and distribution of corn flours.

Gruma, S.A.B. de C.V. Fundamentals Summary

How do Gruma. de's earnings and revenue compare to its market cap?
GRUMA B fundamental statistics
Market capMex$100.61b
Earnings (TTM)Mex$8.51b
Revenue (TTM)Mex$111.15b
11.8x
P/E Ratio
0.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GRUMA B income statement (TTM)
RevenueUS$6.45b
Cost of RevenueUS$3.95b
Gross ProfitUS$2.51b
Other ExpensesUS$2.01b
EarningsUS$493.99m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.45
Gross Margin38.84%
Net Profit Margin7.66%
Debt/Equity Ratio62.2%

How did GRUMA B perform over the long term?

See historical performance and comparison

Dividends

1.9%
Current Dividend Yield
23%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/13 22:26
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Gruma, S.A.B. de C.V. is covered by 18 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Antonio Hernandez Velez LeijaActinver Case de Bolsa, S.A. de C.V.
Benjamin TheurerBarclays
Jose De La Luz LopezBarclays