Stocktoria

Grupo Financiero Banorte, S.A.B. de C.V. GFNORTEO.MX

MX · Bolsa Mexicana · XMEX · stock · Financial Services · website

Grupo Financiero Banorte, S.A.B. de C.V. statistics & valuation

Market capMX$522.1B
P / E8.9×
P / S2.1×
P / B2.1×
P / FCF7.4×
Dividend yield9.15%
Net margin23.8%
Return on equity23.6%
FCF margin28.4%
Net debtMX$53.2B
Enterprise value USD$33.8B
Graham number +9%MX$204.91

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (MX$204.91); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
25.30% 26.60% 25.60% 23.80% 2022202320242025
Gross margin (%)
2022202320242025
Operating margin (%)
2022202320242025
Return on equity (%)
19.20% 21.00% 22.50% 23.60% 2022202320242025
Shares outstanding
2.77B 2.77B 2.77B 2.77B 2022202320242025
Net debt (MX$)
MX$17.20B MX$30.31B MX$67.11B MX$53.16B 2022202320242025
Share buybacks (MX$)
MX$5.81B MX$3.99B MX$16.54B MX$8.86B 2022202320242025
Return on assets (%)
2.20% 2.30% 2.30% 2.30% 2022202320242025
Free cash flow margin (%)
36.10% 21.80% 10.50% 28.40% 2022202320242025
Debt / equity (×)
0.53× 0.52× 0.66× 0.62× 2022202320242025
EPS (MX$)
MX$16.11 MX$18.31 MX$19.72 MX$20.79 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Grupo Financiero Banorte, S.A.B. de C.V. trades at about 9× earnings — near its 10-year norm (10-year range 7.3×–9.7×, median 9.6×).

7.3× 9.7×

Shaded band = 10-year range (7.3×–9.7×); dot = today's 9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Net margin23.8%25.6%26.6%25.3%
FCF margin28.4%10.5%21.8%36.1%
Return on assets2.3%2.3%2.3%2.2%
Return on equity23.6%22.5%21.0%19.2%

Computed from company filings · MX · as of 2025-12-31. Figures in MXN. Facts plus Stocktoria's own computed scores — not investment advice.