Monex S.A.B. de C.V (MONEXB) fair value: what the stock is really worth
As of Jul 10, 2026: fair value of Monex S.A.B. de C.V MXN 15.53, price MXN 20.00, upside -22.4%, quality 54 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 8.56 MXN – 20.85 MXN · fair‑value band 3.61 MXN – 21.67 MXN · the 20.00 MXN price screens above the 15.53 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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Monex, S.A.B. de C.V., together with its subsidiaries, provides various financial services to individuals and companies.
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Monex, S.A.B. de C.V., together with its subsidiaries, provides various financial services to individuals and companies. The company's products and services include foreign exchange and payments, letters of credit, short-term credit facilities, digital accounts, investment funds, trusts, derivatives and structured notes, financial advisory, securities investment, international investments, as well as digital currency trading platforms and insurance products. It also provides foreign exchange trading, cash management, business credit, stock brokerage, private advice, certificates of term deposit, asset management, and promissory notes with yield payable at maturity services; credit products and international trade services; risk management products and services comprises options, institutional savings and personal retirement plans, forwards, swaps, and futures; and leasing products for transportation-related assets, and machinery and equipment. In addition, the company is involved in the individualization of funds and savings banks; analysis and issuance of investment recommendations, promotion or commercialize of securities, money transfer transactions; currency buying/selling, and management of investment portfolios; and mobile and electronic banking services. It operates a network of 32 offices in Mexico, 6 offices in the United States, 1 office in Canada, 1 office in the United Kingdom, 1 office in Spain, 1 office in the Netherlands, 1 office in Singapore, and 1 office in Luxembourg. The company was founded in 1985 and is headquartered in Mexico City, Mexico.
Stock analysis
Monex S.A.B. de C.V (MONEXB) currently trades at 20.00 MXN, while our model-based Fair Value estimate is 15.53 MXN, 22.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 57.70 MXN per share, and 10 of the 12 models we run sit above the 20.00 MXN price.
Bear case: the Asset-Based group reads lowest at 11.21 MXN, and 2 of the 12 models stay below the price. Evidence for this calculation is medium.
Scenario range: 3.61 MXN (bear) to 21.67 MXN (bull), the price of 20.00 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 54/100 (solid quality), in the Financials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Monex S.A.B. de C.V reported revenue of 12.1B MXN in FY2022 versus 7.5B MXN in FY2018, a compound +12.7%/yr. Reported net income was 2.9B MXN in FY2022, compounding +27.1%/yr from FY2018.
Key figures
Market cap 17.3B MXN (≈ $954M) · P/E ratio 19.2 · P/S ratio 4.61 · EPS (TTM) 1.04 MXN · Dividend yield 7.8% · Net margin 24.0% · Return on equity 21.6% · Return on assets (EBIT) 1.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and at its 52-week low, currently above its 200-day average.
For context, the median of 10 Financials peers we cover trades at −15% fair-value upside, at −22%, MONEXB screens richer than that median.
Fair Value models
Bear 3.61 MXNFair Value 15.53 MXNBull 21.67 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.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.88/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+31.0%
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.
+13.3%
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.
+12.0%
Revenue growth 15 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.
+26.4%
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What shareholders gained per year (last 5 years), in MXN (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+20.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.2%
Dividend (yield on the price)7.8%
Profit margin 2014 to 2019 ⓘ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.74% → 23%
2022 sits 102% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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.Capital Markets · 462 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−22.4% · Below median
Profitability
Return on equity (TTM)21.6% · Top 25%
Return on assets1.5% · Below median
Net margin (TTM)24.6% · Above median
Operating margin (TTM)33.0% · Above median
Growth and dividend
Revenue growth141.6% · Top 25%
Dividend yield (TTM)7.8% · Top 25%
Balance sheet
Debt / equity0.18× · Above median
Valuation Multiplesvs Capital Markets median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Monex S.A.B. de C.V Fair Value". https://www.fairvalue-calculator.com/stock/MONEXB
Frequently asked questions
Is Monex S.A.B. de C.V (MONEXB) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 15.53 MXN versus the last price from Jul 10, 2026 of 20.00 MXN, about −22% upside (overvalued).
What is the fair value of MONEXB?
Our model-based fair value for Monex S.A.B. de C.V is 15.53 MXN (as of Sep 24, 2026), built from audited fundamentals. Last price (from Jul 10, 2026): 20.00 MXN.
What is the quality score of MONEXB?
Monex S.A.B. de C.V has a Quality Score of 54/100. 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 Monex S.A.B. de C.V (MONEXB)?
Our model-based price target is the fair value of 15.53 MXN (as of Sep 24, 2026) from 12 valuation models. Cautious scenario 3.61 MXN, optimistic scenario 21.67 MXN. It is a calculation from audited fundamentals, not an analyst target.
What is the Monex S.A.B. de C.V stock forecast for 2026?
Our models put fair value at 15.53 MXN, about −22% upside versus the last price from Jul 10, 2026 of 20.00 MXN (overvalued). Cautious scenario 3.61 MXN, optimistic scenario 21.67 MXN. The calculation is refreshed regularly with new filings.
What is the revenue of Monex S.A.B. de C.V (MONEXB)?
Monex S.A.B. de C.V reported trailing-twelve-month revenue of about 11.8B MXN (latest available figure, as of Sep 24, 2026).
Does Monex S.A.B. de C.V pay a dividend?
Monex S.A.B. de C.V currently shows a dividend yield of about 7.80% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Monex S.A.B. de C.V (MONEXB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Monex S.A.B. de C.V it is 15.53 MXN per share (as of Sep 24, 2026), against a price of 20.00 MXN. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Monex S.A.B. de C.V stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MONEXB trades above its calculated fair value: price 20.00 MXN, fair value 15.53 MXN, a gap of about −22% (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 MONEXB?
No. The price is what the market pays today (20.00 MXN); the fair value is what the company's own numbers justify (15.53 MXN). For Monex S.A.B. de C.V the two are 4.47 MXN per share apart. That gap is exactly why we show both numbers side by side.
How much is Monex S.A.B. de C.V worth?
The market values Monex S.A.B. de C.V at about 17.3B MXN (market capitalisation, as of Sep 24, 2026). Per share that is 20.00 MXN; our models calculate a fair value of 15.53 MXN per share.
What do the bullish and bearish scenarios say about MONEXB?
Our models span a range for Monex S.A.B. de C.V: cautious scenario 3.61 MXN, base 15.53 MXN, optimistic 21.67 MXN per share (as of Sep 24, 2026, price 20.00 MXN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MONEXB?
Monex S.A.B. de C.V trades at a price-to-earnings ratio of 19.2 (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 15.53 MXN is built from several models across several years. Other multiples: P/B 1.2, P/S 1.5.
How solid is the balance sheet of Monex S.A.B. de C.V (MONEXB)?
Balance-sheet figures for Monex S.A.B. de C.V (as of Sep 24, 2026): return on equity 21.6%, debt of 0.18 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is MONEXB from its 52-week high?
Monex S.A.B. de C.V trades at 20.00 MXN, at its 52-week high of 20.00 MXN and at the low of 20.00 MXN (as of Jul 10, 2026). Distance from the high says nothing about value: that is what the fair value of 15.53 MXN is for.
Which stocks are comparable to Monex S.A.B. de C.V?
From the same area (Financials) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 Monex S.A.B. de C.V stock attractive at the current price?
The data as of Sep 24, 2026: price 20.00 MXN, calculated fair value 15.53 MXN (−22%), Quality Score 54/100, from 12 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 MONEXB calculated?
We run Monex S.A.B. de C.V through 12 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 15.53 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 14.5 % above its aggregate fair value. Monex 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 Monex S.A.B. de C.V (MONEXB)?
The latest price we hold is from Jul 10, 2026 and stands at 20.00 MXN. Our model-based fair value is 15.53 MXN, about −22% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Monex S.A.B. de C.V right now?
The model range is unusually wide (3.61 MXN to 21.67 MXN). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (54/100) 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.
Key figures of Monex S.A.B. de C.V
How large is the market capitalisation of Monex S.A.B. de C.V (MONEXB)?
The market capitalisation of Monex S.A.B. de C.V is 17.3B MXN (≈ $954M). 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 Monex S.A.B. de C.V (MONEXB)?
The price-to-sales ratio of Monex S.A.B. de C.V is 4.61 (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 Monex S.A.B. de C.V (MONEXB)?
Earnings per share at Monex S.A.B. de C.V are 1.04 MXN (price ÷ EPS = P/E 19.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Monex S.A.B. de C.V (MONEXB)?
The dividend yield of Monex S.A.B. de C.V is 7.8% (payout 150%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Monex S.A.B. de C.V (MONEXB)?
The net margin of Monex S.A.B. de C.V is 24.0% (fiscal year 2022). 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 Monex S.A.B. de C.V (MONEXB)?
The return on equity (ROE) of Monex S.A.B. de C.V is 21.6% (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 Monex S.A.B. de C.V (MONEXB)?
On an EBIT basis the return on assets of Monex S.A.B. de C.V is 1.6% (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 Monex S.A.B. de C.V (MONEXB)?
The operating margin of Monex S.A.B. de C.V is 33.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Monex S.A.B. de C.V (MONEXB)?
Revenue at Monex S.A.B. de C.V is growing +142% versus a year earlier (3y avg +13.3%). 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 Monex S.A.B. de C.V (MONEXB)?
Earnings per share at Monex S.A.B. de C.V are growing −0.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Monex S.A.B. de C.V (MONEXB) generate?
The free cash flow of Monex S.A.B. de C.V is 11.0B MXN (fiscal year 2022). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Monex S.A.B. de C.V (MONEXB) carry?
The net debt of Monex S.A.B. de C.V is 6.5B MXN (fiscal year 2021, ≈ 0.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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