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Colombian (COLCAP) Market Analysis & Valuation

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies60
  • 7D0.5%
  • 3M10.9%
  • 1Y46.6%
  • YTD10.9%

The Materials sector gained 3.5% while the market remained flat over the last week. Meanwhile, the market is actually up 47% over the past year. Earnings are forecast to grow by 9.7% annually.

Market Valuation and Performance

Has the Colombian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026Col$559.8tCol$403.1tCol$36.0t8.7x15.5x1.4x
Tue, 03 Mar 2026Col$547.2tCol$417.0tCol$41.3t8.9x13.3x1.3x
Thu, 29 Jan 2026Col$581.3tCol$415.9tCol$41.5t8.7x14x1.4x
Sat, 27 Dec 2025Col$504.3tCol$416.1tCol$41.6t7.8x12.1x1.2x
Mon, 24 Nov 2025Col$491.1tCol$416.7tCol$38.7t7.7x12.7x1.2x
Wed, 22 Oct 2025Col$484.7tCol$415.7tCol$40.7t7.9x11.9x1.2x
Fri, 19 Sep 2025Col$418.7tCol$415.5tCol$40.5t7.6x10.3x1x
Sun, 17 Aug 2025Col$411.6tCol$414.7tCol$39.5t7.4x10.4x1x
Tue, 15 Jul 2025Col$400.3tCol$414.4tCol$39.8t7.4x10.1x1x
Thu, 12 Jun 2025Col$395.8tCol$414.3tCol$39.9t7.5x9.9x1x
Sat, 10 May 2025Col$391.9tCol$418.6tCol$40.5t7.3x9.7x0.9x
Mon, 07 Apr 2025Col$390.6tCol$413.5tCol$40.8t7.5x9.6x0.9x
Wed, 05 Mar 2025Col$387.2tCol$433.8tCol$41.6t7.8x9.3x0.9x
Fri, 31 Jan 2025Col$361.2tCol$430.0tCol$40.7t7.8x8.9x0.8x
Sun, 29 Dec 2024Col$332.6tCol$431.7tCol$40.9t7.3x8.1x0.8x
Tue, 26 Nov 2024Col$338.9tCol$430.2tCol$40.6t8.2x8.3x0.8x
Thu, 24 Oct 2024Col$332.9tCol$426.9tCol$39.9t8.1x8.3x0.8x
Sat, 21 Sep 2024Col$329.4tCol$426.7tCol$40.2t8.1x8.2x0.8x
Mon, 19 Aug 2024Col$329.9tCol$424.3tCol$39.1t8.3x8.4x0.8x
Wed, 17 Jul 2024Col$335.7tCol$427.3tCol$44.2t8.4x7.6x0.8x
Fri, 14 Jun 2024Col$346.5tCol$427.8tCol$44.4t8.1x7.8x0.8x
Sun, 12 May 2024Col$339.3tCol$425.3tCol$38.6t9.1x8.8x0.8x
Tue, 09 Apr 2024Col$336.7tCol$434.3tCol$41.0t8.4x8.2x0.8x
Thu, 07 Mar 2024Col$322.1tCol$435.2tCol$41.7t7.6x7.7x0.7x
Sat, 03 Feb 2024Col$331.3tCol$452.0tCol$42.9t7.6x7.7x0.7x
Mon, 01 Jan 2024Col$314.4tCol$456.9tCol$42.9t6.9x7.3x0.7x
Wed, 29 Nov 2023Col$310.9tCol$456.6tCol$43.7t7.2x7.1x0.7x
Fri, 27 Oct 2023Col$312.6tCol$458.5tCol$48.3t7.9x6.5x0.7x
Sun, 24 Sep 2023Col$300.7tCol$459.0tCol$48.7t7.3x6.2x0.7x
Tue, 22 Aug 2023Col$314.6tCol$457.2tCol$49.6t6.2x6.3x0.7x
Thu, 20 Jul 2023Col$316.7tCol$463.9tCol$58.6t6.1x5.4x0.7x
Sat, 17 Jun 2023Col$321.8tCol$462.6tCol$59.2t6.6x5.4x0.7x
Mon, 15 May 2023Col$321.3tCol$459.6tCol$59.5t6.5x5.4x0.7x
Wed, 12 Apr 2023Col$333.0tCol$444.7tCol$60.6t6.2x5.5x0.7x
Price to Earnings Ratio

5.5x


Total Market Cap: Col$333.0tTotal Earnings: Col$60.6tTotal Revenue: Col$444.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Colombian Market Price to Earnings3Y Average 8.7x202420252026
Current Market PE
  • Investors are optimistic on the Colombian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 15.5x which is higher than its 3-year average PE of 8.7x.
Past Earnings Growth
  • The earnings for companies in the Colombian industry have declined 16% per year over the last three years.
  • Revenues have also declined 3.2% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the Colombian Market?

CO Market0.54%
Materials3.47%
Financials3.42%
Utilities1.23%
Consumer Discretionary0.56%
Industrials0.54%
Consumer Staples0.19%
Real Estate0%0
Healthcare0%0
Telecom0%0
Energy-4.52%
Sector PE
  • Investors favour the Materials sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 54.9%, which is higher than its past year's earnings growth of 29.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 55% over the next 5 years.
  • This is better than its past earnings growth rate of 30% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 6.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
CIBEST Grupo CibestCol$86.90k8.8%
+Col$6.7t		78.1%PB3xFinancials
ISA Interconexión Eléctrica E.S.PCol$28.48k2.8%
+Col$864.0b		43.1%PE13xUtilities
CEMARGOS Cementos ArgosCol$11.72k4.8%
+Col$659.2b		16.0%PE27.5xMaterials
GRUPOSURA Grupo de Inversiones SuramericanaCol$49.10k3.8%
+Col$589.9b		14.5%PE8.8xFinancials
BOGOTA Banco de BogotáCol$38.00k3.8%
+Col$497.4b		24.3%PB0.8xFinancials
See more

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ECOPETROL
Col$2,640.00
Ecopetrol
7D
-4.5%
1Y
36.8%
GRUBOLIVAR
Col$86,280.00
Grupo Bolívar
7D
-1.0%
1Y
14.6%
MINEROS
Col$13,840.00
Mineros
7D
10.7%
1Y
142.8%
CIBEST
Col$86,900.00
Grupo Cibest
7D
8.8%
1Y
78.1%
BOGOTA
Col$38,000.00
Banco de Bogotá
7D
3.8%
1Y
24.3%
GRUPOARGOS
Col$16,600.00
Grupo Argos
7D
-0.6%
1Y
-22.8%

GRUPOARGOS: Stable Assumptions And Dividend Visibility Will Support Improved Capital Structure Outlook

Analysts have kept their COP 19,500 price target for Grupo Argos unchanged, noting that only marginal tweaks in assumptions such as the discount rate and future P/E do not materially shift their view on the stock. What's in the News Grupo Argos S.A. declared a quarterly dividend of COP 187.5000 per share, payable on April 14, 2026, with an ex-dividend date of April 8, 2026, and a record date of April 7, 2026 (Key Developments).
CEMARGOS
Col$11,720.00
Cementos Argos
7D
4.8%
1Y
16.0%

CEMARGOS: Higher Margin Outlook Will Likely Support Re Rated Future P/E

Analysts have nudged their price target for Cementos Argos higher from COP12,820.56 to COP12,953.89, reflecting updated views on revenue growth, profit margins, and a lower expected future P/E multiple. Valuation Changes Fair Value: Updated from COP12,820.56 to COP12,953.89, representing a small upward revision to the implied valuation range.
GEB
Col$2,965.00
Grupo Energía Bogotá E.S.P
7D
0.9%
1Y
3.7%

GEB: Maintained Fair Value And Higher P/E Will Support Further Upside

Analysts have maintained the COP 3,900 price target for Grupo Energía Bogotá E.S.P. They cite updated views on the discount rate, revenue growth, profit margin and future P/E assumptions as the key drivers behind their revised valuation framework. Valuation Changes Fair Value: COP 3,900 remains unchanged, with analysts keeping the same target level in their updated framework.
ISA
Col$28,480.00
Interconexión Eléctrica E.S.P
7D
2.8%
1Y
43.1%

ISA: Adjusted Assumptions And Lower P/E Will Likely Keep Shares Fairly Valued

Analysts have kept their COP 26,750 price target for Interconexión Eléctrica E.S.P. broadly stable, with slight adjustments to underlying assumptions on discount rate, revenue growth, profit margin, and future P/E to reflect updated views on the company’s risk profile and earnings potential. Valuation Changes Fair Value: COP 26,750 remains unchanged, with the updated estimate in line with the previous narrative figure.
GRUPOAVAL
Col$745.00
Grupo Aval Acciones y Valores
7D
-3.2%
1Y
35.2%
ENKA
Col$17.90
Enka de Colombia
7D
-0.6%
1Y
1.7%
PROMIGAS
Col$6,510.00
Promigas E.S.P
7D
-2.8%
1Y
0%

Promigas E.S.P looks to a promising future with 35% revenue growth

Intrinsic Valuation Analysis: Promigas S.A. and the Strategic Consolidation of Zelestra LATAM The recent structural transformation of Promigas, underscored by the acquisition and consolidation of the Zelestra platform, represents a paradigm shift in shareholder value creation. From a technical perspective, the company has evolved from a pure-play gas transport utility into a diversified energy conglomerate.
EXITO
Col$4,305.00
Almacenes Éxito
7D
5.0%
1Y
135.2%
BHI
Col$407.00
BAC Holding International
7D
-4.5%
1Y
28.0%
GRUPOSURA
Col$49,100.00
Grupo de Inversiones Suramericana
7D
3.8%
1Y
14.5%