MercadoLibre, Inc (MELIN) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of MercadoLibre, Inc MXN 34,052, price MXN 30,698, upside +10.9%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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MercadoLibre, Inc
MELIN · MXNeutralQuality growthThe stock looks roughly fairly valued with average quality.
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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 29, 2026.
How to read this chart
60‑month range 12,462 MXN – 50,475 MXN · fair‑value band 23,836 MXN – 44,267 MXN · the 30,698 MXN price screens below the 34,052 MXN fair value. Dashed = 300-day average. As of Sep 29, 2026.
Company profile
MercadoLibre, Inc. operates online commerce platforms in Brazil, Mexico, Argentina, and internationally.
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MercadoLibre, Inc. operates online commerce platforms in Brazil, Mexico, Argentina, and internationally. The company operates Mercado Libre Marketplace, an online commerce platform that can be accessed through mobile app or website; and Mercado Pago, a financial technology solution platform, which offers comprehensive set of financial technology services to users and other users of its e-commerce platform. It also provides Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which grants loans and obtains better funding alternatives; and Mercado Mercado Envios that facilitates the shipping of goods from the Company and sellers to buyers. In addition, the company provides Mercado Libre Classifieds, where users can list vehicles, properties, and services; Mercado Ads, an advertising platform, which enables retailers and brands to promote their products and services on the platform. MercadoLibre, Inc. was incorporated in 1999 and is headquartered in Montevideo, Uruguay.
Stock analysis
MercadoLibre, Inc (MELIN) currently trades at 30,698 MXN, while our model-based Fair Value estimate is 34,052 MXN, implying the stock looks roughly 9.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 47,207 MXN per share, and 11 of the 24 models we run sit above the 30,698 MXN price.
Bear case: the Economic Profit group reads lowest at 7,089 MXN, and 13 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 23,836 MXN (bear) to 44,267 MXN (bull), the price of 30,698 MXN sits inside 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 61/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
MercadoLibre, Inc reported revenue of $28.9B in FY2025 versus $7.1B in FY2021, a compound +42.2%/yr. Reported net income was $2.0B in FY2025, compounding +121.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 1.6T MXN (≈ $85.8B) · P/E ratio 46.2 · P/S ratio 3.19 · EPS (TTM) 664.13 MXN · Net margin 6.9% · Return on equity 31.3% · Return on assets (EBIT) 8.5% · Operating margin 6.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 11%, MELIN screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 29
Revenue & earnings trend
Growth Forecast
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Recent news
- MercadoLibre (MELI) Stock Falls Amid Market Uptick: What Investors Need to Know
- MercadoLibre's Credit Growth Strengthens Its Fintech Ecosystem
- MercadoLibre vs. Target: Which Stock Offers the Better Setup Now?
- MercadoLibre (MELI) Stock Looks Rich Relative To Its Earnings
Compare MercadoLibre, Inc with another stock
Price, fair value, quality and upside side by side.
Context: sector, industry, market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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Key figures of MercadoLibre, Inc
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