Industrias CH S. A. B. de C. V (ICHB) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Industrias CH S. A. B. de C. V MXN 66.22, price MXN 175, upside -62.2%, quality 59 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 158.90 MXN – 234.95 MXN · fair‑value band 49.66 MXN – 82.77 MXN · the 174.96 MXN price screens above the 66.22 MXN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Industrias CH, S. A. B. de C. V., through its subsidiaries, engages in the production and processing of steel in Mexico and North America. It provides commercial and structural steel products, rebars, welded pipes, steel wires and derivates, special bars, steel pipes and tubes, billets, and blooms.
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Industrias CH, S. A. B. de C. V., through its subsidiaries, engages in the production and processing of steel in Mexico and North America. It provides commercial and structural steel products, rebars, welded pipes, steel wires and derivates, special bars, steel pipes and tubes, billets, and blooms. The company was founded in 1934 and is based in Tlalnepantla de Baz, Mexico
Stock analysis
Industrias CH S. A. B. de C. V (ICHB) currently trades at 174.96 MXN, while our model-based Fair Value estimate is 66.22 MXN, implying the stock looks roughly 164.2% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 92.87 MXN per share, and 3 of the 13 models we run sit above the 174.96 MXN price.
Bear case: the Growth Earnings group reads lowest at 30.48 MXN, and 10 of the 13 models stay below the price. Evidence for this calculation is medium.
Scenario range: 49.66 MXN (bear) to 82.77 MXN (bull), the price of 174.96 MXN sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Industrias CH S. A. B. de C. V reported revenue of 33.0B MXN in FY2025 versus 62.0B MXN in FY2021, a compound −14.6%/yr. Reported net income was 867M MXN in FY2025, compounding −43.6%/yr from FY2021.
Key figures
Market cap 71.8B MXN (≈ $4.1B) · P/E ratio 40.7 · P/S ratio 1.07 · EPS (TTM) 4.30 MXN · Net margin 2.6% · Return on equity 2.4% · Return on assets (EBIT) 13.5% · Operating margin 18.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 7% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at −62%, ICHB screens richer than that median.
Fair Value models
Bear 49.66 MXNFair Value 66.22 MXNBull 82.77 MXN
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (3.15 MXN per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.14/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−14.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−18.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.6%
Start year 2020 (pandemic). Over 10 years: +1.4% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.9%
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What shareholders gained per year (last 5 years), in MXN ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in MXN: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−30.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−30.3%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.14% → 16%
Compare Industrias CH S. A. B. de C. V with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Steel · 415 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Top 25%
Fair Value upside−62% · Bottom 25%
Profitability
Return on equity (TTM)2% · Below median
Return on assets4% · Above median
Net margin (TTM)4% · Above median
Operating margin (TTM)19% · Top 25%
Growth and dividend
Revenue growth5% · Above median
Valuation Multiplesvs Steel median · lower = cheaper
P/E (TTM)40.7× · Priciest 25%
P/B1.26× · Pricier than median
P/S (TTM)2.15× · Priciest 25%
EV/EBITDA6.0× · Cheaper than median
PEG0.69× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 20
FUTURE (revenue growth)23· sector 3
PAST (return on equity)9· sector 16
HEALTH (low debt)100· sector 95
DIVIDEND (yield)0· sector 51
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Industrias CH S. A. B. de C. V Fair Value". https://www.fairvalue-calculator.com/stock/ICHB
Frequently asked questions
Is Industrias CH S. A. B. de C. V (ICHB) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 66.22 MXN versus a price of 174.96 MXN, about −62% upside (overvalued).
What is the fair value of ICHB?
Our model-based fair value for Industrias CH S. A. B. de C. V is 66.22 MXN (as of Sep 24, 2026), built from audited fundamentals. The current price: 174.96 MXN.
What is the quality score of ICHB?
Industrias CH S. A. B. de C. V has a Quality Score of 59/100. 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 price target for Industrias CH S. A. B. de C. V (ICHB)?
Our model-based price target is the fair value of 66.22 MXN (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 49.66 MXN, optimistic scenario 82.77 MXN. It is a calculation from audited fundamentals, not an analyst target.
What is the Industrias CH S. A. B. de C. V stock forecast for 2026?
Our models put fair value at 66.22 MXN, about −62% upside versus a price of 174.96 MXN (overvalued). Cautious scenario 49.66 MXN, optimistic scenario 82.77 MXN. The calculation is refreshed regularly with new filings.
What is the revenue of Industrias CH S. A. B. de C. V (ICHB)?
Industrias CH S. A. B. de C. V reported trailing-twelve-month revenue of about 33.4B MXN (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Industrias CH S. A. B. de C. V (ICHB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Industrias CH S. A. B. de C. V it is 66.22 MXN per share (as of Sep 24, 2026), against a price of 174.96 MXN. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Industrias CH S. A. B. de C. V stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ICHB trades above its calculated fair value: price 174.96 MXN, fair value 66.22 MXN, a gap of about −62% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ICHB?
No. The price is what the market pays today (174.96 MXN); the fair value is what the company's own numbers justify (66.22 MXN). For Industrias CH S. A. B. de C. V the two are 108.74 MXN per share apart. That gap is exactly why we show both numbers side by side.
How much is Industrias CH S. A. B. de C. V worth?
The market values Industrias CH S. A. B. de C. V at about 71.8B MXN (market capitalisation, as of Sep 24, 2026). Per share that is 174.96 MXN; our models calculate a fair value of 66.22 MXN per share.
What do the bullish and bearish scenarios say about ICHB?
Our models span a range for Industrias CH S. A. B. de C. V: cautious scenario 49.66 MXN, base 66.22 MXN, optimistic 82.77 MXN per share (as of Sep 24, 2026, price 174.96 MXN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ICHB?
Industrias CH S. A. B. de C. V trades at a price-to-earnings ratio of 40.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 66.22 MXN is built from several models across several years. Other multiples: PEG 0.7, P/B 1.3, P/S 2.2, EV/EBITDA 6.0.
What is the PEG ratio of ICHB?
The PEG ratio of Industrias CH S. A. B. de C. V is 0.69 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Industrias CH S. A. B. de C. V (ICHB)?
Balance-sheet figures for Industrias CH S. A. B. de C. V (as of Sep 24, 2026): return on equity 2.4%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is ICHB from its 52-week high?
Industrias CH S. A. B. de C. V trades at 174.96 MXN, about 4% below its 52-week high of 182.00 MXN and 7% above the low of 163.01 MXN (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 66.22 MXN is for.
Which stocks are comparable to Industrias CH S. A. B. de C. V?
From the same area (Basic Materials) we also value Nucor Corporation, Steel Dynamics, Inc, JSW Steel Limited, Tata Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Industrias CH S. A. B. de C. V stock attractive at the current price?
The data as of Sep 24, 2026: price 174.96 MXN, calculated fair value 66.22 MXN (−62%), Quality Score 59/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ICHB calculated?
We run Industrias CH S. A. B. de C. V through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 66.22 MXN, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Industrias CH S. A. B. de C. V itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Industrias CH S. A. B. de C. V (ICHB)?
The closing price on Sep 23, 2026 was 174.96 MXN. Our model-based fair value is 66.22 MXN, about −62% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Industrias CH S. A. B. de C. V right now?
The price sits above even our optimistic bull case (82.77 MXN). The favourable scenario is already priced in. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Industrias CH S. A. B. de C. V
How large is the market capitalisation of Industrias CH S. A. B. de C. V (ICHB)?
The market capitalisation of Industrias CH S. A. B. de C. V is 71.8B MXN (≈ $4.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Industrias CH S. A. B. de C. V (ICHB)?
The price-to-sales ratio of Industrias CH S. A. B. de C. V is 1.07 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Industrias CH S. A. B. de C. V (ICHB)?
Earnings per share at Industrias CH S. A. B. de C. V are 4.30 MXN (price ÷ EPS = P/E 40.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Industrias CH S. A. B. de C. V (ICHB)?
The net margin of Industrias CH S. A. B. de C. V is 2.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Industrias CH S. A. B. de C. V (ICHB)?
The return on equity (ROE) of Industrias CH S. A. B. de C. V is 2.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Industrias CH S. A. B. de C. V (ICHB)?
On an EBIT basis the return on assets of Industrias CH S. A. B. de C. V is 13.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Industrias CH S. A. B. de C. V (ICHB)?
The operating margin of Industrias CH S. A. B. de C. V is 18.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Industrias CH S. A. B. de C. V (ICHB)?
Revenue at Industrias CH S. A. B. de C. V is growing +4.5% versus a year earlier (3y avg −18.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Industrias CH S. A. B. de C. V (ICHB)?
Earnings per share at Industrias CH S. A. B. de C. V are growing +37.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Industrias CH S. A. B. de C. V (ICHB) generate?
The free cash flow of Industrias CH S. A. B. de C. V is −888M MXN (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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