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Grupo Nacional Provincial, S.A. (GNP) Fair Value & Analysis

Financial Services · MX · Market cap 26.4B MXN

GN Grupo Nacional Provincial, S.A. GNP · MX
Price118.00 MXN
Fair Value85.35 MXN
Upside-27.7%
Quality48/100
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Mixed Growth
Thin margins · 0.2% net margin
generates free cash flow
Trails peers (3/14)
Narrow moat 26/100
Evidence: High Range 64.02 MXN – 106.69 MXN Share as image

Fair value as of: Jul 16, 2026

From 6 valuation models · updated 24 days ago

Share price +7.1% over the past month.

Below-average quality, and screening another 28% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (106.69 MXN). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • 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)

132.09 MXN 80.70 MXN Fair Value 85.35 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 80.70 MXN – 132.09 MXN · fair‑value band 64.02 MXN – 106.69 MXN · the 118.00 MXN price screens above the 85.35 MXN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Grupo Nacional Provincial, S.A. (GNP) currently trades at 118.00 MXN, while our model-based Fair Value estimate is 85.35 MXN, implying the stock looks roughly 27.7% overvalued today. The Quality Score stands at 48/100 (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: high).

Over the trailing twelve months, Grupo Nacional Provincial, S.A. generated revenue of 114B MXN at a net margin of 0.2%. Revenue declined 2.8% year over year. It earns a return on equity of 0.9%. The stock trades on a trailing P/E of 129.5. Fundamentals as of Jul 16, 2026

Our scenario range runs from 64.02 MXN (bear case) to 106.69 MXN (bull case); at 118.00 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 6% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at -28%, GNP 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 81.43 MXN 85.55 MXN 89.46 MXN 76
Gordon GGM 73.05 MXN 151.88 MXN 240.95 MXN 70
P/E Multiple 64.02 MXN 85.35 MXN 106.69 MXN 63
All 6 models by family
Dividend Discount
Gordon GGM 73.05 MXN 151.88 MXN 240.95 MXN 70
DDM Multi-Stage 73.05 MXN 128.07 MXN 159.41 MXN 61
Multiples
P/E Multiple 64.02 MXN 85.35 MXN 106.69 MXN 63
P/B Multiple 83.71 MXN 111.62 MXN 139.52 MXN 55
Asset-Based
NCAV (Graham) 50.35 MXN 67.47 MXN 100.70 MXN 50
Economic Profit
Residual Income 81.43 MXN 85.55 MXN 89.46 MXN 76

Widest divergence: Dividend Discount (128.07 MXN) versus Asset-Based (67.47 MXN). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 114B MXN
Revenue growth (YoY) -2.8%
Net margin 0.2%
Return on equity 0.9%
Free cash flow 3.9B MXN FY2025
P/E ratio 132.6
More key figures
Operating margin 0.9%
EPS (TTM) 0.8900 MXN
EPS growth (YoY) -90.5%

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 41 · Market factors (momentum, volatility) 65

Profitability 20
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 3
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 82
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

Grupo Nacional Provincial, S.A.B. provides various insurance products in Mexico. It offers car and motorcycle, medical expenses, life, education, retirement and savings, home, condominiums - common areas, damage, property, civil liability, transportation risk, accident, SSI, and RC officials and public servants insurance products.

Full company description

Grupo Nacional Provincial, S.A.B. provides various insurance products in Mexico. It offers car and motorcycle, medical expenses, life, education, retirement and savings, home, condominiums - common areas, damage, property, civil liability, transportation risk, accident, SSI, and RC officials and public servants insurance products. The company provides its products and services primarily to individuals, businesses, and public sector customers. The company was incorporated in 1901 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

Grupo Nacional Provincial, S.A. reported revenue of 117B MXN in FY2025 versus 75.2B MXN in FY2021, a compound +11.7%/yr. Reported net income was 1.5B MXN in FY2025, compounding −2.4%/yr from FY2021.

Growth Quality 70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
117B MXN
Latest YoY
+9.7%
Avg. growth/yr (3Y)
+12.3%
Avg. growth/yr (5Y)
+10.9%
Avg. growth/yr (25Y)
+9.4%
Revenue +11.7%/yr
FY21 75.2B MXN
FY22 82.6B MXN
FY23 92.5B MXN
FY24 107B MXN
FY25 117B MXN
Net income −2.4%/yr
FY21 1.6B MXN
FY22 2.6B MXN
FY23 4.0B MXN
FY24 3.6B MXN
FY25 1.5B MXN

GNP screens 28% overvalued. Compare with Berkshire Hathaway Inc →

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Cite: Fair Value Calculator (2026). "Grupo Nacional Provincial, S.A. Fair Value". https://www.fairvalue-calculator.com/stock/GNP

Peer Group

Insurance - Diversified · 84 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 42 · Bottom 25%
Fair Value upside −28% · Bottom 25%
Return on equity (TTM) 1% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 1% · Bottom 25%
Revenue growth -3% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Insurance - Diversified median · lower = cheaper

P/E (TTM) 132.6× · Pricier than 75% of peers
P/B 1.17× · Cheaper than median
P/S (TTM) 0.23× · Cheaper than 75% of peers
P/FCF 0.4× · Cheaper than median
EV/EBITDA 14.6× · Pricier than 75% of peers
PEG 1.78× · 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 44
FUTURE 0 · sector 31
PAST 4 · sector 49
HEALTH 0 · sector 89
DIVIDEND 0 · sector 45

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 Insurance - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Berkshire Hathaway Inc BRKB 8,562 MXN 10,844 MXN +27%
Allianz SE ALV €421.00 €369.31 -12%
Zurich Insurance Group ZURN CHF 624.40 CHF 619.80 -1%
AXA SA AXAN 888.28 MXN 1,249 MXN +41%
Assicurazioni Generali S.p.A G €42.90 €12.18 -72%
Sun Life Financial Inc SLF C$114.20 C$87.83 -23%
BB Seguridade Participações S.A BBSE3 R$40.71 R$60.39 +48%
Tryg A/S TRYG kr 154.00 kr 116.45 -24%
PT Sinar Mas Multiartha Tbk SMMA 20,625 IDR 4,176 IDR -80%
Caixa Seguridade Participações S.A CXSE3 R$21.77 R$18.60 -15%

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Frequently asked questions

Is Grupo Nacional Provincial, S.A. (GNP) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 85.35 MXN versus a price of 118.00 MXN, about −28% (overvalued).
What is the fair value of GNP?
Our model-based fair value for Grupo Nacional Provincial, S.A. is 85.35 MXN (as of Jul 16, 2026), built from audited fundamentals. The current price is 118.00 MXN.
What is the quality score of GNP?
Grupo Nacional Provincial, S.A. has a Quality Score of 48/100. 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 Grupo Nacional Provincial, S.A. (GNP)?
Grupo Nacional Provincial, S.A. reported trailing-twelve-month revenue of about 114B MXN (latest available figure, as of Jul 16, 2026).
What is the net profit margin of GNP?
The net profit margin of Grupo Nacional Provincial, S.A. is about 0.2%, meaning it keeps roughly 0.2% 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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