Grupo Financiero Banorte, S.A.B. de C.V.
GFNORTEO
Rank in Stocks
#767
Operating through its various subsidiaries, Grupo Financiero Banorte, S.A.B. de... Operating through its various subsidiaries, Grupo Financiero Banorte, S.A.B. de C.V. delivers a comprehensive array of banking and financial services throughout Mexico. Its core product suite encompasses current accounts and credit card facilities, alongside a diverse portfolio of lending solutions including auto, mortgage, personal, and payroll loans. The institution further provides a variety of savings and investment vehicles. Beyond these, GFNorte offers an extensive selection of insurance products, covering areas such as life, home, auto, health, savings, credit card protection, mobile devices, and mortgage-related risks. Clients also have access to foreign currency exchange services and convenient digital banking platforms accessible via online and mobile applications. This broad range of offerings is underpinned by a substantial operational network, comprising approximately 1,151 physical branches, 9,668 automated teller machines (ATMs), and 154,443 point-of-sale (POS) terminals. Established in 1899, the company maintains its headquarters in Mexico City, Mexico.
Share Price
$11.20
Market Cap
$31.07B
Change (1 day)
0.61%
Change (1 year)
19.51%
Country
MX
Trade Grupo Financiero Banorte, S.A.B. de C.V. (GFNORTEO)
Category
Financial Services
P/E ratio for Grupo Financiero Banorte, S.A.B. de C.V. (GFNORTEO)
P/E ratio as of October 2026 TTM: 8.19
According to Grupo Financiero Banorte, S.A.B. de C.V. latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.19. At the end of 2024 the company had a P/E ratio of 6.72.
P/E ratio history for Grupo Financiero Banorte, S.A.B. de C.V. from 2005 to 2026
P/E ratio at the end of each year
| Year | P/E Ratio | Change |
|---|---|---|
| 2026 (TTM) | 8.19 | -1.85% |
| 2025 | 8.34 | 24.11% |
| 2024 | 6.72 | -28.12% |
| 2023 | 9.35 | 7.37% |
| 2022 | 8.70 | -20.00% |
| 2021 | 10.88 | 5.91% |
| 2020 | 10.27 | 24.75% |
| 2019 | 8.24 | -3.37% |
| 2018 | 8.52 | -31.01% |
| 2017 | 12.35 | -15.35% |
| 2016 | 14.59 | -4.87% |
| 2015 | 15.34 | 3.75% |
| 2014 | 14.78 | -12.87% |
| 2013 | 16.97 | -4.84% |
| 2012 | 17.83 | 59.81% |
| 2011 | 11.16 | -36.13% |
| 2010 | 17.47 | 11.99% |
| 2009 | 15.60 | 129.59% |
| 2008 | 6.79 | -46.68% |
| 2007 | 12.74 | -3.98% |
| 2006 | 13.27 | 440.53% |
| 2005 | 2.46 | 0.00% |
P/E ratio for similar companies or competitors
| Company | P/E Ratio | P/E Ratio Difference | Country |
|---|---|---|---|
| 7.16 | -12.51% |
CN
|
|
| 10.18 | 24.34% |
IT
|
|
| 13.66 | 66.90% |
JP
|
|
| 13.34 | 62.97% |
IN
|
|
| 7.24 | -11.56% |
PH
|
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share.
A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.