This report provides valuable insights into trading multiples for various key industries in LATAM as of March 31, 2025 and June 30, 2025.
Our analysis uses publicly traded companies in Latin America, distributed across different industries and sectors, following the definitions by the Global Industry Classification Standard.
Highlights
- Latin America and the Caribbean are projected to grow at a modest 2.2% in 2025, down from 2.4% in 2024, according to the IMF’s World Economic Outlook Update (July 2025). The slowdown reflects subdued investment and external headwinds.
- Inflation across the region has generally moderated, though convergence to central bank targets has slowed. In Latin America, inflation expectations are expected to remain close to the upper limit of most central banks’ target ranges, but structural challenges continue to exert pressure, particularly in Brazil.
- In terms of EV/EBITDA, in the first semester of 2025, multiples have generally remained stable. Some notable changes were observed. For example, for consumer discretionary distribution and retail companies, the median multiple increased in the first semester of 2025 to 9.3x from 6.3x at the end of 2024. For commercial and professional services companies, the median multiple decreased in the first semester of 2025 to 6.7x from 8.5x at the end of 2024.
Our report provides a detailed overview of the EV/revenues, EV/EBITDA, P/E and P/B multiples of publicly traded companies in LATAM covering nonfinancial industries and market capitalization/revenues, P/TBV, and P/E and P/B multiples covering financial industries for which such data is available. We also provide an eight-quarter lookback at the trends of these multiples for the industries covered.
We hope this report helps clarify trading multiples across key LATAM industries. If you would like to receive further information or discuss any of the findings, please contact us.
