Mexico Stock Market PE Ratio

The Mexico Stock Market currently trades at a current P/E ratio of 13.72 as of October 24, 2025.

Over the past five years, the median P/E has been 12.38, putting today's valuation in the 81.7th percentile of that range. Looking at the longer 10-year period, where the median sits at 13.45, the current reading ranks close to the median - a level historically associated with Fair Value pricing. The 20-year median of 13.73 provides additional context, with the current ratio close to the median of that extended timeframe.

This analysis is based on the iShares MSCI Mexico ETF (EWW) which serves as the benchmark for the Mexico market.

Since May 1996, the iShares MSCI Mexico ETF has recorded a median P/E ratio of 12.89 over 30 years. Against this full historical backdrop, the current valuation sits in the 65.5th percentile of all recorded readings, indicating that the market is trading moderately above its long-term median.

Historical P/E Comparison

The table below compares the current P/E Ratio (13.72) with its historical median and percentile rankings.

Time Period	Median PE Ratio	Percentile Rank	Valuation
1 Year	12.37	100	Expensive
5 Year	12.38	81.7	Expensive
10 Year	13.45	57.5	Fair Value
20 Year	13.73	50	Fair Value
Since May 1996	12.89	65.5	Overvalued

Returns vs P/E Ratio

Over the past decade, the PE fell from 18 (95.7th percentile) to 13.72 (57.5th percentile). Annualized total return over this period was 1.8%. Percentile rank indicates position within the historical distribution. At fair value, outcomes have historically varied; near-term paths can be mixed while longer-horizon returns tend to cluster around historical averages.

Time Period	Starting PE Ratio	Starting Percentile	Total Return	Annualized Return
1 Year	10.99	17.3	+24.2%	+24.2%
3 Year	12.08	34.3	+37.3%	+11.1%
5 Year	12.98	49	+80.6%	+12.6%
10 Year	18.02	95.7	+20.1%	+1.8%

Historical Data (1996-2025)

Date	Current PE Ratio
Oct 2025	13.72
Sep 2025	13.15
Aug 2025	12.42
Jul 2025	12.49
Jun 2025	12.58
May 2025	12.69
Apr 2025	12.32
Mar 2025	10.62
Feb 2025	11.01
Jan 2025	10.88
Dec 2024	9.73
Nov 2024	10.60
Oct 2024	10.99
Sep 2024	12.28
Aug 2024	11.13
Jul 2024	12.03
Jun 2024	12.32
May 2024	12.29
Apr 2024	11.80
Mar 2024	13.03
Feb 2024	11.71
Jan 2024	11.51
Dec 2023	12.35
Nov 2023	11.46
Oct 2023	11.24
Sep 2023	10.50
Aug 2023	11.12
Jul 2023	12.80
Jun 2023	7.65
May 2023	12.10
Apr 2023	12.67
Mar 2023	12.59
Feb 2023	8.60
Jan 2023	12.59
Dec 2022	11.37
Nov 2022	12.48
Oct 2022	12.08
Sep 2022	11.13
Aug 2022	11.99
Jul 2022	11.51
Jun 2022	11.91
May 2022	12.23
Apr 2022	13.02
Mar 2022	13.44
Feb 2022	13.45
Jan 2022	13.45
Dec 2021	13.94
Nov 2021	13.07
Oct 2021	14.39
Sep 2021	14.57
Aug 2021	14.69
Jul 2021	14.07
Jun 2021	14.26
May 2021	14.77
Apr 2021	13.48
Mar 2021	14.54
Feb 2021	14.01
Jan 2021	14.01
Dec 2020	15.04
Nov 2020	13.49
Oct 2020	12.98
Sep 2020	13.51
Aug 2020	13.99
Jul 2020	14.60
Jun 2020	14.89
May 2020	13.81
Apr 2020	11.76
Mar 2020	10.64
Feb 2020	12.82
Jan 2020	14.35
Dec 2019	13.48
Nov 2019	13.13
Oct 2019	13.53
Sep 2019	12.89
Aug 2019	12.58
Jul 2019	11.68
Jun 2019	12.46
May 2019	12.64
Apr 2019	13.15
Mar 2019	13.45
Feb 2019	13.51
Jan 2019	13.51
Dec 2018	11.99
Nov 2018	11.99
Oct 2018	13.04
Sep 2018	14.67
Aug 2018	15.35
Jul 2018	14.87
Jun 2018	15.54
May 2018	14.49
Apr 2018	15.48
Mar 2018	15.90
Feb 2018	15.44
Jan 2018	16.29
Dec 2017	16.47
Nov 2017	15.75
Oct 2017	16.05
Sep 2017	16.57
Aug 2017	17.17
Jul 2017	17.56
Jun 2017	16.93
May 2017	16.61
Apr 2017	17.15
Mar 2017	16.45
Feb 2017	15.97
Jan 2017	16.56
Dec 2016	16.09
Nov 2016	16.75
Oct 2016	17.67
Sep 2016	17.63
Aug 2016	18.50
Jul 2016	18.57
Jun 2016	17.32
May 2016	17.32
Apr 2016	17.52
Mar 2016	17.52
Feb 2016	17.05
Jan 2016	16.49
Dec 2015	15.86
Nov 2015	17.54
Oct 2015	18.02
Sep 2015	16.80
Aug 2015	16.73
Jul 2015	17.59
Jun 2015	18.20
May 2015	18.36
Apr 2015	18.72
Mar 2015	17.77
Feb 2015	18.20
Jan 2015	17.45
Dec 2014	17.24
Nov 2014	16.90
Oct 2014	18.10
Sep 2014	18.60
Aug 2014	19.21
Jul 2014	19.06
Jun 2014	18.71
May 2014	18.22
Apr 2014	17.66
Mar 2014	17.06
Feb 2014	16.58
Jan 2014	16.99
Dec 2013	17.65
Nov 2013	16.65
Oct 2013	16.51
Sep 2013	16.78
Aug 2013	16.66
Jul 2013	17.68
Jun 2013	15.66
May 2013	16.44
Apr 2013	17.53
Mar 2013	17.43
Feb 2013	16.57
Jan 2013	17.90
Dec 2012	17.18
Nov 2012	16.97
Oct 2012	16.27
Sep 2012	16.34
Aug 2012	16.19
Jul 2012	16.37
Jun 2012	16.51
May 2012	14.52
Apr 2012	15.76
Mar 2012	15.39
Feb 2012	14.31
Jan 2012	13.64
Dec 2011	15.06
Nov 2011	15.12
Oct 2011	13.49
Sep 2011	13.05
Aug 2011	13.01
Jul 2011	13.10
Jun 2011	12.97
May 2011	12.97
Apr 2011	12.85
Mar 2011	14.28
Feb 2011	13.60
Jan 2011	13.77
Dec 2010	14.29
Nov 2010	15.39
Oct 2010	15.01
Sep 2010	13.89
Aug 2010	13.05
Jul 2010	12.78
Jun 2010	12.57
May 2010	12.83
Apr 2010	13.73
Mar 2010	13.71
Feb 2010	13.48
Jan 2010	12.88
Dec 2009	14.39
Nov 2009	13.48
Oct 2009	13.48
Sep 2009	14.52
Aug 2009	14.52
Jul 2009	13.66
Jun 2009	11.62
May 2009	11.99
Apr 2009	11.16
Mar 2009	9.05
Feb 2009	7.69
Jan 2009	9.21
Dec 2008	10.50
Nov 2008	8.51
Oct 2008	8.20
Sep 2008	9.62
Aug 2008	10.87
Jul 2008	11.01
Jun 2008	12.03
May 2008	13.12
Apr 2008	13.28
Mar 2008	12.47
Feb 2008	12.59
Jan 2008	11.32
Dec 2007	11.27
Nov 2007	11.36
Oct 2007	12.33
Sep 2007	13.34
Aug 2007	12.64
Jul 2007	13.37
Jun 2007	14.44
May 2007	14.73
Apr 2007	13.69
Mar 2007	14.31
Feb 2007	13.11
Jan 2007	14.38
Dec 2006	15.91
Nov 2006	16.02
Oct 2006	15.47
Sep 2006	14.11
Aug 2006	13.40
Jul 2006	12.54
Jun 2006	11.32
May 2006	13.85
Apr 2006	14.60
Mar 2006	14.26
Feb 2006	14.10
Jan 2006	13.19
Dec 2005	12.11
Nov 2005	11.80
Oct 2005	12.80
Sep 2005	11.65
Aug 2005	11.80
Jul 2005	11.65
Jun 2005	12.66
May 2005	11.45
Apr 2005	11.45
Mar 2005	13.21
Feb 2005	13.97
Jan 2005	13.01
Dec 2004	12.66
Nov 2004	12.35
Oct 2004	11.83
Sep 2004	11.13
Aug 2004	11.13
Jul 2004	11.66
Jun 2004	11.64
May 2004	11.81
Apr 2004	12.72
Mar 2004	12.19
Feb 2004	12.73
Jan 2004	11.86
Dec 2003	12.58
Nov 2003	12.58
Oct 2003	11.82
Sep 2003	11.49
Aug 2003	11.04
Jul 2003	11.12
Jun 2003	10.96
May 2003	10.37
Apr 2003	9.69
Mar 2003	9.99
Feb 2003	9.46
Jan 2003	10.49
Dec 2002	9.86
Nov 2002	9.69
Oct 2002	9.69
Sep 2002	9.53
Aug 2002	9.29
Jul 2002	9.84
Jun 2002	10.57
May 2002	12.49
Apr 2002	12.62
Mar 2002	12.50
Feb 2002	11.98
Jan 2002	11.46
Dec 2001	11.09
Nov 2001	10.08
Oct 2001	9.04
Sep 2001	8.72
Aug 2001	10.91
Jul 2001	11.49
Jun 2001	11.49
May 2001	10.38
Apr 2001	10.17
Mar 2001	10
Feb 2001	10.54
Jan 2001	10.16
Dec 2000	10.16
Nov 2000	10.31
Oct 2000	9.79
Sep 2000	11.04
Aug 2000	10.66
Jul 2000	11.45
Jun 2000	10.50
May 2000	10.50
Apr 2000	11
Mar 2000	12.95
Feb 2000	13.14
Jan 2000	13.38
Dec 1999	13.38
Nov 1999	11.93
Oct 1999	10.78
Sep 1999	10.12
Aug 1999	11.02
Jul 1999	12.10
Jun 1999	11.24
May 1999	12.56
Apr 1999	11.87
Mar 1999	11.67
Feb 1999	9.31
Jan 1999	8.34
Dec 1998	10.34
Nov 1998	10.34
Oct 1998	9.47
Sep 1998	9.47
Aug 1998	9.73
Jul 1998	11.98
Jun 1998	11.25
May 1998	12.85
Apr 1998	13.16
Mar 1998	12.70
Feb 1998	12.76
Jan 1998	12.91
Dec 1997	13.11
Nov 1997	12.43
Oct 1997	14.27
Sep 1997	13.48
Aug 1997	13.62
Jul 1997	13.15
Jun 1997	12.55
May 1997	11.65
Apr 1997	12.05
Mar 1997	12.05
Feb 1997	11.20
Jan 1997	10.64
Dec 1996	10.23
Nov 1996	10.10
Oct 1996	10.22
Sep 1996	9.90
Aug 1996	9.69
Jul 1996	9.24
Jun 1996	9.90
May 1996	9.63

Regional Peer Comparison

The table below shows a comparison of the current P/E Ratio (13.72) with regional peer markets.

Country	PE Ratio	Percentile Rank	Rating
United States	26.43	90.80	Expensive
Canada	19.39	95	Expensive
Brazil	10.37	51.70	Fair Value
Argentina	12.79	73.30	Overvalued
Colombia	10.08	51.70	Fair Value

Definition: Trailing P/E Ratio

The trailing P/E ratio for Mexico Stock Market shows how much investors are paying for one unit of the index's past earnings.
It is calculated as : P/E = Index level / Aggregated EPS
Aggregated EPS means the index's total earnings per share after weighting each stock in the index (usually by its market capitalization): Aggregated EPS = sum(weight_i * EPS_i). For trailing P/E, the EPS_i values are the actual earnings from the past 12 months.