Start with its own history
At 41.46×, FMX is 62.9% above its 9-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · FMXBeverages - Non-AlcoholicUpdated Nov 5, 2026
Fomento Económico Mexicano, S.A.B. de C.V. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
41.46×
62.9% abovethe 9-observation annual average
Share price130.18
÷Earnings per share3.14
Price and EPS in quote currency. Calculation details
Investors are paying 41.46 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 25.45×
3-year average26.19×3 positive annual observations
5-year average25.75×5 positive annual observations
10-year average25.45×9 positive annual observations
Peer median · TTM19.98×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 31.38× | +31.2% |
| Dec 31, 2024 | 23.91× | +2.8% |
| Dec 31, 2023 | 23.26× | +5.7% |
| Dec 31, 2022 | 22.02× | -21.9% |
| Dec 31, 2021 | 28.20× | N/M |
| Dec 31, 2020 | N/M | N/M |
| Dec 31, 2019 | 31.02× | +17.6% |
| Dec 31, 2018 | 26.36× | +62.8% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 16.20× | -39.3% |
| Dec 31, 2016 | 26.68× | -18.5% |
| Dec 31, 2015 | 32.72× | +16.7% |
| Dec 31, 2014 | 28.03× | -2.7% |
| Dec 31, 2013 | 28.80× | +29.0% |
| Dec 31, 2012 | 22.33× | -3.1% |
| Dec 31, 2011 | 23.06× | +274.5% |
| Dec 31, 2010 | 6.16× | -72.8% |
| Dec 31, 2009 | 22.62× | +2.2% |
| Dec 31, 2008 | 22.12× | +11.4% |
| Dec 31, 2007 | 19.86× | -14.3% |
| Dec 31, 2006 | 23.18× | +39.8% |
| Dec 31, 2005 | 16.57× | +61.3% |
| Dec 31, 2004 | 10.27× | -25.6% |
| Dec 31, 2003 | 13.80× | -5.6% |
| Dec 31, 2002 | 14.62× | +40.3% |
| Dec 31, 2001 | 10.43× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How FMX compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 FMX This stockFomento Económico Mexicano, S.A.B. de C.V. | 41.46× |
 KOFCoca-Cola FEMSA, S.A.B. de C.V. | 18.77× |
 EMBVFArca Continental, S.A.B. de C.V. | 11.43× |
 CCEPCoca-Cola Europacific Partners PLC | 23.15× |
 CCHGYCoca-Cola HBC AG | 21.42× |
 KOThe Coca-Cola Company | 28.18× |
 ABEVAmbev S.A. | 14.95× |
 BUDAnheuser-Busch InBev SA/NV | 13.61× |
 MDLZMondelez International, Inc. | 21.19× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does FMX’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 19.98×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take FMX into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("FMX", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 130.18 ÷ EPS 3.14 = 41.46×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
FMX P/E ratio: common questions
The essentials behind the numbers.
Fomento Económico Mexicano, S.A.B. de C.V.'s current P/E is 41.46× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.