Grupo Financiero Banorte. de (GFNORTE O) Stock Overview
Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
GFNORTE O Community Fair Values
Create NarrativeSee what 21 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Grupo Financiero Banorte, S.A.B. de C.V. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | Mex$180.43 |
| 52 Week High | Mex$210.00 |
| 52 Week Low | Mex$155.50 |
| Beta | 0.21 |
| 1 Month Change | -4.88% |
| 3 Month Change | -8.60% |
| 1 Year Change | 4.86% |
| 3 Year Change | 23.49% |
| 5 Year Change | 35.86% |
| Change since IPO | 5,409.32% |
Recent News & Updates
Narrative Update • May 20
GFNORTE O: Data Center Relocation Will Support Higher Future Earnings Multiple
Analysts have kept their MX$220.87 price target for Grupo Financiero Banorte, de largely unchanged. This is supported by relatively stable fair value assumptions, along with slight adjustments to the discount rate, revenue growth, profit margin, and expected future P/E levels.Narrative Update • Apr 29
GFNORTE O: Data Center Migration Will Support Higher Future Earnings Multiple
Analysts now set a slightly lower MX$220.87 price target for Grupo Financiero Banorte, de. The adjustments reflect updated views on revenue growth, profit margins and the stock's future P/E multiple.Narrative Update • Apr 15
GFNORTE O: Data Center Migration Will Support Stronger Forward Earnings Profile
Analysts now set their price target for Grupo Financiero Banorte at roughly MX$221.80 per share, a minor adjustment that reflects updated views on discount rates, revenue growth expectations, profit margins, and forward P/E assumptions. What's in the News Relocated its mainframe data center from Mexico City to Querétaro to reduce business risks linked to natural disasters and to reinforce its digital backbone (Key Developments) Upgraded core storage infrastructure with Hitachi Vantara Virtual Storage Platform systems to support higher performance in its mainframe environment (Key Developments) Implemented Hitachi Universal Replicator technology to enable data replication with zero reported data loss and minimal downtime during the migration (Key Developments) Valuation Changes Fair Value: updated from MX$221.67 to MX$221.80, representing a very small upward adjustment in the modeled share value.Narrative Update • Mar 31
GFNORTE O: Data Center Relocation Will Support Stronger Digital Earnings Outlook
Analysts have nudged their average price target for Grupo Financiero Banorte higher to around MX$221.67 from roughly MX$220.67, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E that remain broadly in line with prior views. What's in the News Banorte relocated its mainframe data center from Mexico City to Querétaro to reduce business risks tied to natural disasters and to support its digital infrastructure (Key Developments).Recent updates
Narrative Update • May 20
GFNORTE O: Data Center Relocation Will Support Higher Future Earnings Multiple
Analysts have kept their MX$220.87 price target for Grupo Financiero Banorte, de largely unchanged. This is supported by relatively stable fair value assumptions, along with slight adjustments to the discount rate, revenue growth, profit margin, and expected future P/E levels.Narrative Update • Apr 29
GFNORTE O: Data Center Migration Will Support Higher Future Earnings Multiple
Analysts now set a slightly lower MX$220.87 price target for Grupo Financiero Banorte, de. The adjustments reflect updated views on revenue growth, profit margins and the stock's future P/E multiple.Narrative Update • Apr 15
GFNORTE O: Data Center Migration Will Support Stronger Forward Earnings Profile
Analysts now set their price target for Grupo Financiero Banorte at roughly MX$221.80 per share, a minor adjustment that reflects updated views on discount rates, revenue growth expectations, profit margins, and forward P/E assumptions. What's in the News Relocated its mainframe data center from Mexico City to Querétaro to reduce business risks linked to natural disasters and to reinforce its digital backbone (Key Developments) Upgraded core storage infrastructure with Hitachi Vantara Virtual Storage Platform systems to support higher performance in its mainframe environment (Key Developments) Implemented Hitachi Universal Replicator technology to enable data replication with zero reported data loss and minimal downtime during the migration (Key Developments) Valuation Changes Fair Value: updated from MX$221.67 to MX$221.80, representing a very small upward adjustment in the modeled share value.Narrative Update • Mar 31
GFNORTE O: Data Center Relocation Will Support Stronger Digital Earnings Outlook
Analysts have nudged their average price target for Grupo Financiero Banorte higher to around MX$221.67 from roughly MX$220.67, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E that remain broadly in line with prior views. What's in the News Banorte relocated its mainframe data center from Mexico City to Querétaro to reduce business risks tied to natural disasters and to support its digital infrastructure (Key Developments).Narrative Update • Mar 17
GFNORTE O: Data Center Upgrade And Margins Will Support Brighter Outlook
Analysts kept their MX$220.67 price target for Grupo Financiero Banorte, de steady, citing updated assumptions that now factor in a 13.26% revenue growth outlook, a 35.91% profit margin, a slightly lower discount rate, and a P/E of about 10.48x. What's in the News Banorte relocated its mainframe data center from Mexico City to Querétaro to reduce business risks linked to natural disasters and support its digital infrastructure (Key Developments).Narrative Update • Mar 02
GFNORTE O: Higher Margins And Earnings Multiple Will Support Brighter Outlook
Analysts have nudged their average MX$ fair value estimate for Grupo Financiero Banorte S.A.B. de C.V. slightly higher, from MX$218.27 to MX$220.67, citing updated assumptions around the discount rate, revenue trends, profit margins, and a modestly adjusted future P/E multiple. Valuation Changes Fair Value: The MX$ fair value estimate has risen slightly from MX$218.27 to MX$220.67.Narrative Update • Feb 16
GFNORTE O: Neutral Downgrade And Mixed Outlook Will Shape Future Performance
Analysts now set their price target for Grupo Financiero Banorte at MX$218.27, up from MX$209.50, even as one firm shifted its rating to Neutral with a MX$195 target, reflecting mixed views on the bank's valuation and risk profile. Analyst Commentary Bullish Takeaways The new average price target of MX$218.27 sits above the Neutral rating level of MX$195, which indicates that some bullish analysts still see room for valuation upside even after recent caution.Narrative Update • Feb 02
GFNORTE O: Neutral Downgrade And Remittance Expansion Will Guide Future Outlook
Analysts have nudged their fair value estimate for Grupo Financiero Banorte, de up from MXN 200.38 to MXN 209.50, citing updated assumptions on discount rate, profit margin and future P/E, even as a recent downgrade to Neutral with a MXN 195 price target reflects more cautious positioning. Analyst Commentary Bullish Takeaways Bullish analysts see the revised fair value of MXN 209.50 as support for a case that the shares still offer upside potential relative to the Neutral price target of MXN 195.Narrative Update • Jan 19
GFNORTE O: Neutral Stance And Remittance App Adoption Will Shape Outlook
Analysts have slightly raised their fair value estimate for Grupo Financiero Banorte from MXN 199.50 to about MXN 200.38. A recent downgrade to Neutral with a MXN 195 target reflects a more balanced view of revenue growth, margins, and future P/E assumptions.Narrative Update • Jan 04
GFNORTE O: Robust Profitability And Remittance Expansion Will Drive Future Upside
Analysts have modestly lowered their price target on Grupo Financiero Banorte to MXN 195.00 from MXN 199.50, citing a more neutral stance on the shares, even though their underlying growth and profitability assumptions remain largely unchanged. Analyst Commentary Analysts describe the rating change as a shift toward a more balanced risk reward profile rather than a fundamental reassessment of Banorte's business quality.Narrative Update • Dec 18
GFNORTE O Net Profitability And Remittance Expansion Will Support Future Upside
Analysts have nudged their price target on Grupo Financiero Banorte slightly lower, from MXN 199.75 to MXN 199.50, citing a more neutral stance following recent reassessments of the bank's risk and return profile. Analyst Commentary Recent research updates reflect a more balanced view on Grupo Financiero Banorte, with analysts recalibrating expectations for both upside potential and key execution risks.Narrative Update • Dec 04
GFNORTE O Net Profit Margin Strength Will Support Future Upside Potential
Analysts slightly raised their price target for Grupo Financiero Banorte to MXN 199.75 from MXN 199.63, citing modest tweaks to discount rate, revenue growth, and profitability assumptions, even as some on the Street turn more cautious with a Neutral stance and a MXN 195 target. Analyst Commentary Street research reflects a more balanced stance on Grupo Financiero Banorte, with some analysts trimming their outlook in light of recent performance and valuation levels.Narrative Update • Nov 20
GFNORTE O: Net Profit Margin Expansion Will Drive Future Upside Potential
Analysts have raised their price target for Grupo Financiero Banorte to MXN199.63 from MXN198.31, highlighting an improved profit margin outlook that offsets slightly slower revenue growth expectations. What's in the News Banorte has launched Banorte Link, a new digital app for sending remittances from the United States to Mexico.Narrative Update • Nov 03
GFNORTE O: Digital Investments And Cost Control Will Fuel Mexican Market Share
Narrative Update: Grupo Financiero Banorte Price Target Adjustment Analysts have maintained their price target for Grupo Financiero Banorte at $198.31. They cite minor revisions to the discount rate and future price-to-earnings estimates as the rationale for reaffirming the target value.Narrative Update • Oct 20
Digital Investments And Cost Control Will Fuel Mexican Market Share
Analysts have slightly raised their price target for Grupo Financiero Banorte, increasing it from $196.69 to $198.31. They cite stable profitability and a modest uptick in projected future margins as key factors behind the adjustment.Narrative Update • Oct 05
Digital Investments And Cost Control Will Fuel Mexican Market Share
Analysts have raised their price target for Grupo Financiero Banorte to MXN 196.69 from MXN 194.13, citing modest improvements in expected revenue growth and profit margins. Valuation Changes The Fair Value Estimate has increased modestly from MX$194.13 to MX$196.69.Narrative Update • Sep 20
Digital Investments And Cost Control Will Fuel Mexican Market Share
Grupo Financiero Banorte's consensus analyst price target saw a marginal increase to MX$194.13, as key metrics such as future P/E and net profit margin remained essentially stable. Valuation Changes Summary of Valuation Changes for Grupo Financiero Banorte.Narrative Update • Sep 05
Digital Investments And Cost Control Will Fuel Mexican Market Share
Despite a significant decline in Banorte's forward P/E ratio, indicating improved valuation, the consensus analyst price target remains unchanged at MX$191.14. Valuation Changes Summary of Valuation Changes for Grupo Financiero Banorte.
New Narrative • Nov 07
Digital Transformation And Critical Growth Propel The Bank Towards Resilient Revenue Expansion
Loan portfolio expansion and digital efforts are set to sustain revenue growth and stabilize interest margins despite volatile rates.Shareholder Returns
| GFNORTE O | MX Banks | MX Market | |
|---|---|---|---|
| 7D | -6.4% | -2.8% | 0.2% |
| 1Y | 4.9% | -4.2% | 16.7% |
Return vs Industry: GFNORTE O exceeded the MX Banks industry which returned -4.2% over the past year.
Return vs Market: GFNORTE O underperformed the MX Market which returned 16.7% over the past year.
Price Volatility
| GFNORTE O volatility | |
|---|---|
| GFNORTE O Average Weekly Movement | 4.4% |
| Banks Industry Average Movement | 5.3% |
| Market Average Movement | 4.0% |
| 10% most volatile stocks in MX Market | 6.2% |
| 10% least volatile stocks in MX Market | 2.7% |
Stable Share Price: GFNORTE O has not had significant price volatility in the past 3 months compared to the MX market.
Volatility Over Time: GFNORTE O's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1899 | 35,176 | Jose Ramirez Miguel | www.banorte.com |
Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. It offers retail banking services, including checking and deposit accounts; credit and debit cards; mortgage, car, payroll, and personal loans; SME loans; payroll accounts; and car, home, life, and SME insurance. The company also provides wholesale banking services, such as structured loans, syndicated loans, leveraged acquisitions, investment planning, and cash management of collections, trust services, payroll, checking accounts, and credit lines; online banking, collections and payments, acquirer services, payroll, cash management and reconciliation services, currency trading, excess cash and liquidity management, and hedging and insurance; and import-export letters of credit, documentary collections, bank guarantees, standby letters of credit, letter of credit financing, import-export foreign trade financing, foreign trade structured financing, discounted import bills of exchange, import bank guarantees, international wire transfers, and remittances.
Grupo Financiero Banorte, S.A.B. de C.V. Fundamentals Summary
| GFNORTE O fundamental statistics | |
|---|---|
| Market cap | Mex$500.98b |
| Earnings (TTM) | Mex$61.32b |
| Revenue (TTM) | Mex$141.10b |
8.2x
P/E Ratio1.9x
P/B RatioIs GFNORTE O overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GFNORTE O income statement (TTM) | |
|---|---|
| Revenue | Mex$141.10b |
| Cost of Revenue | Mex$0 |
| Gross Profit | Mex$141.10b |
| Other Expenses | Mex$79.78b |
| Earnings | Mex$61.32b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 21, 2026
| Earnings per share (EPS) | 22.09 |
| Gross Margin | 100.00% |
| Net Profit Margin | 43.46% |
| Debt/Equity Ratio | 251.7% |
How did GFNORTE O perform over the long term?
See historical performance and comparisonDividends
7.5%
Current Dividend Yield83%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/02 01:25 |
| End of Day Share Price | 2026/06/01 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Grupo Financiero Banorte, S.A.B. de C.V. is covered by 24 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Martín Lara | Actinver Case de Bolsa, S.A. de C.V. |
| Roberto de Aguiar Attuch | Barclays |
| Brian Morton | Barclays |