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Corporativo GBM, S.A. (GBMO) Fair Value & Analysis

Financial Services · MX · Market cap 26.7B MXN

CG Corporativo GBM, S.A. GBMO · MX
Price16.33 MXN
Fair Value1.91 MXN
Upside-88.3%
Quality42/100
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Mixed Growth
Thin margins · 5.9% net margin
Low debt · negative free cash flow
Trails peers (1/12)
Narrow moat 41/100
Evidence: Medium Range 1.43 MXN – 2.39 MXN Share as image

Fair value as of: Jul 16, 2026

From 9 valuation models · updated 24 days ago

Share price −1.6% over the past month.

Below-average quality, and screening another 88% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2.39 MXN). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

21.93 MXN 9.05 MXN Fair Value 1.91 MXN Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 9.05 MXN – 21.93 MXN · fair‑value band 1.43 MXN – 2.39 MXN · the 16.33 MXN price screens above the 1.91 MXN fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Corporativo GBM, S.A. (GBMO) currently trades at 16.33 MXN, while our model-based Fair Value estimate is 1.91 MXN, implying the stock looks roughly 88.3% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Corporativo GBM, S.A. generated revenue of 5.9B MXN at a net margin of 5.9%. Revenue grew 97.8% year over year. It earns a return on equity of 5.2%. Net debt stands at 3.2B MXN. Fundamentals as of Jul 16, 2026

Our scenario range runs from 1.43 MXN (bear case) to 2.39 MXN (bull case); at 16.33 MXN, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 4% below its 52-week high and 31% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at -88%, GBMO screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 2.92 MXN 2.86 MXN 2.43 MXN 76
Gordon GGM 3.53 MXN 7.34 MXN 11.65 MXN 70
P/E Multiple 1.10 MXN 1.46 MXN 1.83 MXN 63
All 9 models by family
DCF Models
Owner Earnings 0.3400 MXN 2.02 MXN 31
Earnings-Based
Graham-Dodd 0.7600 MXN 3.31 MXN 4.53 MXN 54
Lynch FV 0.8500 MXN 1.22 MXN 1.58 MXN 50
Dividend Discount
Gordon GGM 3.53 MXN 7.34 MXN 11.65 MXN 70
DDM Multi-Stage 3.53 MXN 6.19 MXN 7.70 MXN 61
Multiples
P/E Multiple 1.10 MXN 1.46 MXN 1.83 MXN 63
P/B Multiple 1.43 MXN 1.91 MXN 2.39 MXN 55
Asset-Based
NCAV (Graham) 2.01 MXN 2.69 MXN 4.02 MXN 50
Economic Profit
Residual Income 2.92 MXN 2.86 MXN 2.43 MXN 76

Widest divergence: Dividend Discount (6.19 MXN) versus DCF Models (0.3400 MXN). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 5.9B MXN
Revenue growth (YoY) +97.8%
Net margin 5.9%
Return on equity 5.2%
Free cash flow −390M MXN FY2025
P/E ratio 151.7
More key figures
Operating margin 17.7%
EPS (TTM) 0.1100 MXN
EPS growth (YoY) +878%
Net debt 3.2B MXN FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 32 · Market factors (momentum, volatility) 71

Profitability 15
Margins and returns on capital today
Quality Growth 78
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 0
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 73
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Corporativo GBM, S.A.B. de C.V. provides financial products and services to large corporations and mid-cap companies, institutional investors, and Mexican and foreign individuals. It offers investment banking services, including capital and debt markets, mergers and acquisitions, and corporate restructuring services.

Full company description

Corporativo GBM, S.A.B. de C.V. provides financial products and services to large corporations and mid-cap companies, institutional investors, and Mexican and foreign individuals. It offers investment banking services, including capital and debt markets, mergers and acquisitions, and corporate restructuring services. The company was formerly known as GBM GRUPO BURSATIL MEXICANO, S.A.B. de C.V. and changed its name to Corporativo GBM, S.A.B. de C.V. in 2007. Corporativo GBM, S.A.B. de C.V. was incorporated in 1992 and is based in Mexico City, Mexico.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Corporativo GBM, S.A. reported revenue of 3.8B MXN in FY2025 versus 1.1B MXN in FY2021, a compound +34.7%/yr. Reported net income was 184M MXN in FY2025, compounding +24.3%/yr from FY2021.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.8B MXN
Latest YoY
+106.2%
Avg. growth/yr (3Y)
+45.6%
Avg. growth/yr (5Y)
+26.9%
Avg. growth/yr (23Y)
+7.1%
Revenue +34.7%/yr
FY21 1.1B MXN
FY22 1.2B MXN
FY23 2.7B MXN
FY24 1.8B MXN
FY25 3.8B MXN
Net income +24.3%/yr
FY21 77.0M MXN
FY22 −610M MXN
FY23 426M MXN
FY24 58.0M MXN
FY25 184M MXN

GBMO screens 88% overvalued. Compare with Huatai Securities Co →

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Cite: Fair Value Calculator (2026). "Corporativo GBM, S.A. Fair Value". https://www.fairvalue-calculator.com/stock/GBMO

Peer Group

Capital Markets · 425 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 39 · Bottom 25%
Fair Value upside −88% · Bottom 25%
Return on equity (TTM) 5% · Below median
Return on assets 1% · Below median
Net margin (TTM) 6% · Below median
Operating margin (TTM) 18% · Below median
Revenue growth 98% · Top 25%
Debt / equity 0.49× · Higher than median

Valuation Multiples vs Capital Markets median · lower = cheaper

P/E (TTM) 77.8× · Pricier than 75% of peers
P/B 4.07× · Pricier than 75% of peers
P/S (TTM) 4.55× · Pricier than median
PEG 2.51× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 9
FUTURE 100 · sector 96
PAST 21 · sector 30
HEALTH 76 · sector 93
DIVIDEND 0 · sector 36

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Huatai Securities Co HTSC $0.2700 $0.0400 -85%
Mirae Asset Securities Co 006800 38,750 KRW 31,645 KRW -18%
Meritz Financial Group 138040 117,000 KRW 87,706 KRW -25%
Korea Investment Holdings 071050 239,000 KRW 318,825 KRW +33%
NH Investment & Securities Co 005940 31,000 KRW 37,133 KRW +20%
Samsung Securities Co 016360 107,700 KRW 126,487 KRW +17%
Motilal Oswal Financial Services Limited MOTILALOFS ₹967.00 ₹299.65 -69%
Kiwoom Securities Co 039490 322,000 KRW 358,091 KRW +11%
SSI Securities Corporation SSI 24,250 VND 28,021 VND +16%
Bolsas y Mercados Argentinos S.A BYMA 313.75 ARS 120.22 ARS -62%

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Frequently asked questions

Is Corporativo GBM, S.A. (GBMO) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 1.91 MXN versus a price of 16.33 MXN, about −88% (overvalued).
What is the fair value of GBMO?
Our model-based fair value for Corporativo GBM, S.A. is 1.91 MXN (as of Jul 16, 2026), built from audited fundamentals. The current price is 16.33 MXN.
What is the quality score of GBMO?
Corporativo GBM, S.A. has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Corporativo GBM, S.A. (GBMO)?
Corporativo GBM, S.A. reported trailing-twelve-month revenue of about 5.9B MXN (latest available figure, as of Jul 16, 2026).
What is the net profit margin of GBMO?
The net profit margin of Corporativo GBM, S.A. is about 5.9%, meaning it keeps roughly 5.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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