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GBOOY (Banorte) Stock Analysis
Buy, Hold or Sell?

Let's analyze Banorte together

I guess you are interested in Grupo Financiero Banorte SAB de CV ADR. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • πŸ“Š Fundamental Analysis (FA) – Banorte’s Financial Insights
  • πŸ“ˆ Technical Analysis (TA) – Banorte’s Price Targets

I'm going to help you getting a better view of Grupo Financiero Banorte SAB de CV ADR. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Banorte (30 sec.)










1.2. What can you expect buying and holding a share of Banorte? (30 sec.)

How much money do you get?

How much money do you get?
$0.19
When do you have the money?
1 year
How often do you get paid?
70.6%

What is your share worth?

Current worth
$5.08
Expected worth in 1 year
$5.29
How sure are you?
85.3%

+ What do you gain per year?

Total Gains per Share
$0.40
Return On Investment
0.9%

For what price can you sell your share?

Current Price per Share
$47.02
Expected price per share
$40.73 - $52.75
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Banorte (5 min.)




Live pricePrice per Share (EOD)
$47.02
Intrinsic Value Per Share
$17.05 - $20.16
Total Value Per Share
$22.13 - $25.25

2.2. Growth of Banorte (5 min.)




Is Banorte growing?

Current yearPrevious yearGrowGrow %
How rich?$14.2b$13.5b$44.5m0.3%

How much money is Banorte making?

Current yearPrevious yearGrowGrow %
Making money$768.8m$719.6m$49.1m6.4%
Net Profit Margin18.8%26.3%--

How much money comes from the company's main activities?

2.3. Financial Health of Banorte (5 min.)




2.4. Comparing to competitors in the Banks - Regional industry (5 min.)




  Industry Rankings (Banks - Regional)  

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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Banorte?

Welcome investor! Banorte's management wants to use your money to grow the business. In return you get a share of Banorte.

First you should know what it really means to hold a share of Banorte. And how you can make/lose money.

Speculation

The Price per Share of Banorte is $47.02. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Banorte.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Banorte, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $5.08. Based on the TTM, the Book Value Change Per Share is $0.05 per quarter. Based on the YOY, the Book Value Change Per Share is $0.04 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.05 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Banorte.

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.290.6%0.270.6%0.250.5%0.250.5%0.210.4%0.230.5%
Usd Book Value Change Per Share0.340.7%0.050.1%0.040.1%0.040.1%0.070.1%0.150.3%
Usd Dividend Per Share0.000.0%0.050.1%0.070.1%0.120.3%0.140.3%0.180.4%
Usd Total Gains Per Share0.340.7%0.100.2%0.110.2%0.160.3%0.210.4%0.330.7%
Usd Price Per Share34.67-35.89-46.78-39.06-34.66-31.96-
Price to Earnings Ratio29.69--704.56-46.79--206.36--105.71-102.77-
Price-to-Total Gains Ratio102.54-104.25-116.48-124.92-122.70-120.35-
Price to Book Ratio6.82-7.50-9.97-8.36-7.63-30.92-
Price-to-Total Gains Ratio102.54-104.25-116.48-124.92-122.70-120.35-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share47.02
Number of shares21
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.050.14
Usd Book Value Change Per Share0.050.07
Usd Total Gains Per Share0.100.21
Gains per Quarter (21 shares)2.104.32
Gains per Year (21 shares)8.4017.28
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
144-21167
2896231224
3121314341841
4161822462458
5202230572975
6242638683592
72831468041109
83235549147126
936406210253143
1040447011459160

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share3.01.00.075.0%11.01.00.091.7%19.01.00.095.0%33.01.00.097.1%33.01.00.097.1%
Book Value Change Per Share2.02.00.050.0%6.06.00.050.0%13.07.00.065.0%22.012.00.064.7%22.012.00.064.7%
Dividend per Share2.00.02.050.0%6.00.06.050.0%13.00.07.065.0%24.00.010.070.6%24.00.010.070.6%
Total Gains per Share3.01.00.075.0%10.02.00.083.3%18.02.00.090.0%29.05.00.085.3%29.05.00.085.3%
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3.2. Key Performance Indicators

The key performance indicators of Grupo Financiero Banorte SAB de CV ADR compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.3380.052+545%0.042+702%0.045+657%0.070+382%0.149+126%
Book Value Per Share--5.0824.804+6%4.687+8%4.667+9%4.503+13%5.186-2%
Current Ratio----0%-0%0.049-100%0.117-100%0.131-100%
Debt To Asset Ratio--0.8960.8980%0.890+1%0.890+1%0.884+1%0.886+1%
Debt To Equity Ratio--8.5628.760-2%8.147+5%8.179+5%7.755+10%7.859+9%
Dividend Per Share---0.048-100%0.070-100%0.118-100%0.136-100%0.181-100%
Enterprise Value---25294253388.112-17690946455.108-30%25422981709.359-199%3080041037.899-921%-248260129.684-99%-5650975782.618-78%
Eps--0.2920.273+7%0.250+17%0.248+18%0.212+38%0.226+29%
Ev To Sales Ratio---1.857-1.298-30%2.236-183%0.302-716%-0.183-90%38.208-105%
Free Cash Flow Per Share--0.7460.154+384%0.300+149%0.216+246%0.180+316%0.196+281%
Free Cash Flow To Equity Per Share--0.7460.154+384%0.300+149%0.228+227%0.220+240%0.275+171%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--20.164----------
Intrinsic Value_10Y_min--17.050----------
Intrinsic Value_1Y_max--1.032----------
Intrinsic Value_1Y_min--1.013----------
Intrinsic Value_3Y_max--3.855----------
Intrinsic Value_3Y_min--3.665----------
Intrinsic Value_5Y_max--7.585----------
Intrinsic Value_5Y_min--6.976----------
Market Cap26445504491.520-269%97497469113.980101375055908.660-4%134880890825.835-28%111911733075.832-13%99528327258.076-2%67891457562.153+44%
Net Profit Margin--0.2410.188+28%0.263-8%0.241+0%0.219+10%0.256-6%
Operating Margin----0%-0%-0%-0%0.042-100%
Operating Ratio----0%-0%-0%-0%0.156-100%
Pb Ratio9.252+26%6.8227.499-9%9.966-32%8.364-18%7.633-11%30.923-78%
Pe Ratio40.266+26%29.690-704.562+2473%46.791-37%-206.357+795%-105.710+456%102.770-71%
Price Per Share47.020+26%34.67035.890-3%46.778-26%39.056-11%34.664+0%31.962+8%
Price To Free Cash Flow Ratio15.749+26%11.612-7.030+161%20.886-44%20.924-45%23.294-50%13.895-16%
Price To Total Gains Ratio139.060+26%102.535104.248-2%116.477-12%124.924-18%122.697-16%120.349-15%
Quick Ratio----0%-0%0.015-100%0.028-100%0.037-100%
Return On Assets--0.0060.006+3%0.006+2%0.006+3%0.005+13%0.005+15%
Return On Equity--0.0570.056+2%0.054+7%0.053+8%0.047+23%0.046+23%
Total Gains Per Share--0.3380.100+238%0.112+202%0.163+107%0.206+64%0.331+2%
Usd Book Value--14291443220.48313559716733.859+5%13515136760.508+6%13360156986.915+7%12925758997.149+11%9530643071.225+50%
Usd Book Value Change Per Share--0.3380.052+545%0.042+702%0.045+657%0.070+382%0.149+126%
Usd Book Value Per Share--5.0824.804+6%4.687+8%4.667+9%4.503+13%5.186-2%
Usd Dividend Per Share---0.048-100%0.070-100%0.118-100%0.136-100%0.181-100%
Usd Enterprise Value---25294253388.112-17690946455.108-30%25422981709.359-199%3080041037.899-921%-248260129.684-99%-5650975782.618-78%
Usd Eps--0.2920.273+7%0.250+17%0.248+18%0.212+38%0.226+29%
Usd Free Cash Flow--2099024017.461438883353.159+378%864997512.842+143%620463988.368+238%516546128.021+306%348172116.483+503%
Usd Free Cash Flow Per Share--0.7460.154+384%0.300+149%0.216+246%0.180+316%0.196+281%
Usd Free Cash Flow To Equity Per Share--0.7460.154+384%0.300+149%0.228+227%0.220+240%0.275+171%
Usd Market Cap26445504491.520-269%97497469113.980101375055908.660-4%134880890825.835-28%111911733075.832-13%99528327258.076-2%67891457562.153+44%
Usd Price Per Share47.020+26%34.67035.890-3%46.778-26%39.056-11%34.664+0%31.962+8%
Usd Profit--820971585.456768826992.584+7%719688592.086+14%709530934.679+16%606111160.540+35%451755391.010+82%
Usd Revenue--3404921622.2703001469403.936+13%2754447922.031+24%2727792951.383+25%2366552745.830+44%1692234758.685+101%
Usd Total Gains Per Share--0.3380.100+238%0.112+202%0.163+107%0.206+64%0.331+2%
 EOD+2 -6MRQTTM+23 -11YOY+22 -123Y+22 -145Y+22 -1410Y+23 -15

3.3 Fundamental Score

Let's check the fundamental score of Grupo Financiero Banorte SAB de CV ADR based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1540.266
Price to Book Ratio (EOD)Between0-19.252
Net Profit Margin (MRQ)Greater than00.241
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.896
Debt to Equity Ratio (MRQ)Less than18.562
Return on Equity (MRQ)Greater than0.150.057
Return on Assets (MRQ)Greater than0.050.006
Total2/10 (20.0%)

3.4 Technical Score

Let's check the technical score of Grupo Financiero Banorte SAB de CV ADR based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5060.390
Ma 20Greater thanMa 5045.709
Ma 50Greater thanMa 10044.636
Ma 100Greater thanMa 20040.667
OpenGreater thanClose46.150
Total4/5 (80.0%)

4. In-depth Analysis

4.1 About Grupo Financiero Banorte SAB de CV ADR

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. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing. It is also involved in investment planning, foreign currency purchase/sale, financial advice, brokerage, asset management, investment banking, letters of credit, bank guarantees, and leasing and factoring activities. In addition, the company sells mutual funds and debt and capital instruments; issues debit cards; and provides insurance services for car, home, life, medical, employee, and SMEs, as well as cash management services for collection, trustees, payroll, and lines of credit. Further, it provides online banking, POS, payment, reconciliation, documentary collection, import bills of exchange discount, International wire transfer, remittances, storage, inventory management, logistics, marketing, and payroll services. The company was founded in 1899 and is based in Mexico City, Mexico.

Fundamental data was last updated by Penke on 2025-06-29 13:18:03.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profitΒ Banorte earns for each $1 of revenue.

  • Above 10% is considered healthy but always compareΒ Banorte to theΒ Banks - Regional industry mean.
  • A Net Profit Margin of 24.1%Β means thatΒ $0.24 for each $1Β in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Grupo Financiero Banorte SAB de CV ADR:

  • The MRQ is 24.1%. The company is making a huge profit. +2
  • The TTM is 18.8%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ24.1%TTM18.8%+5.3%
TTM18.8%YOY26.3%-7.5%
TTM18.8%5Y21.9%-3.2%
5Y21.9%10Y25.6%-3.7%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ24.1%41.9%-17.8%
TTM18.8%31.1%-12.3%
YOY26.3%29.6%-3.3%
3Y24.1%29.0%-4.9%
5Y21.9%25.7%-3.8%
10Y25.6%22.1%+3.5%
4.3.1.2. Return on Assets

Shows howΒ efficientΒ Banorte is using its assets to generate profit.

  • Above 5% is considered healthyΒ but always compareΒ Banorte to theΒ Banks - Regional industry mean.
  • 0.6% Return on Assets means thatΒ Banorte generatedΒ $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Grupo Financiero Banorte SAB de CV ADR:

  • The MRQ is 0.6%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.6%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.6%TTM0.6%+0.0%
TTM0.6%YOY0.6%0.0%
TTM0.6%5Y0.5%+0.0%
5Y0.5%10Y0.5%+0.0%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6%0.2%+0.4%
TTM0.6%0.2%+0.4%
YOY0.6%0.2%+0.4%
3Y0.6%0.2%+0.4%
5Y0.5%0.2%+0.3%
10Y0.5%0.2%+0.3%
4.3.1.3. Return on Equity

Shows how efficient Banorte is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compareΒ Banorte to theΒ Banks - Regional industry mean.
  • 5.7% Return on Equity means Banorte generated $0.06Β for eachΒ $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Grupo Financiero Banorte SAB de CV ADR:

  • The MRQ is 5.7%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 5.6%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ5.7%TTM5.6%+0.1%
TTM5.6%YOY5.4%+0.2%
TTM5.6%5Y4.7%+0.9%
5Y4.7%10Y4.6%+0.0%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ5.7%2.8%+2.9%
TTM5.6%2.2%+3.4%
YOY5.4%2.6%+2.8%
3Y5.3%2.5%+2.8%
5Y4.7%2.4%+2.3%
10Y4.6%2.6%+2.0%
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4.3.2. Operating Efficiency of Grupo Financiero Banorte SAB de CV ADR.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

MeasuresΒ how efficient Banorte is operatingΒ .

  • Measures how much profit Banorte makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compareΒ Banorte to theΒ Banks - Regional industry mean.
  • An Operating Margin of 0.0%Β means the company generated $0.00 Β for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Grupo Financiero Banorte SAB de CV ADR:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y4.2%-4.2%
4.3.2.2. Operating Ratio

Measures how efficient Banorte is keepingΒ operating costsΒ low.

  • Below 1 is considered healthy (always compare toΒ Banks - Regional industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Grupo Financiero Banorte SAB de CV ADR:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y0.156-0.156
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4.4.3. Liquidity of Grupo Financiero Banorte SAB de CV ADR.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Banorte is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare toΒ Banks - Regional industry mean).
  • A Current Ratio of 0.00Β means the company has $0.00 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Grupo Financiero Banorte SAB de CV ADR:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y0.117-0.117
5Y0.11710Y0.131-0.014
4.4.3.2. Quick Ratio

Measures if Banorte is able to pay off Short-term Debt but only usingΒ theΒ most liquid assets.

  • Above 1 is considered healthy butΒ always compareΒ Banorte to theΒ Banks - Regional industry mean.
  • A Quick Ratio of 0.00Β means the company can pay off $0.00 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Grupo Financiero Banorte SAB de CV ADR:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y0.028-0.028
5Y0.02810Y0.037-0.009
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4.5.4. Solvency of Grupo Financiero Banorte SAB de CV ADR.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much %Β of BanorteΒ assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compareΒ Banorte to Banks - Regional industry mean.
  • A Debt to Asset Ratio of 0.90Β means that Banorte assets areΒ financed with 89.6% credit (debt) and the remaining percentage (100% - 89.6%)Β is financed by its owners/shareholders.Β 

Let's take a look of the Debt to Asset Ratio trends of Grupo Financiero Banorte SAB de CV ADR:

  • The MRQ is 0.896. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.898. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.896TTM0.898-0.002
TTM0.898YOY0.890+0.008
TTM0.8985Y0.884+0.014
5Y0.88410Y0.886-0.001
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8960.912-0.016
TTM0.8980.914-0.016
YOY0.8900.331+0.559
3Y0.8900.655+0.235
5Y0.8840.761+0.123
10Y0.8860.845+0.041
4.5.4.2. Debt to Equity Ratio

Measures ifΒ Banorte is able toΒ pay off its debts by usingΒ shareholders equity.

  • Below 2 is considered healthy butΒ always compareΒ Banorte to theΒ Banks - Regional industry mean.
  • A Debt to Equity ratio of 856.2% means that company has $8.56 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Grupo Financiero Banorte SAB de CV ADR:

  • The MRQ is 8.562. The company is unable to pay all its debts with equity. -1
  • The TTM is 8.760. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ8.562TTM8.760-0.198
TTM8.760YOY8.147+0.613
TTM8.7605Y7.755+1.005
5Y7.75510Y7.859-0.104
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ8.56210.416-1.854
TTM8.76010.683-1.923
YOY8.1474.228+3.919
3Y8.1797.922+0.257
5Y7.7559.283-1.528
10Y7.85911.348-3.489
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

MeasuresΒ how much money you payΒ for each share forΒ every $1 in earnings Banorte generates.

  • Above 15 is considered overpriced butΒ always compareΒ Banorte to theΒ Banks - Regional industry mean.
  • A PE ratio of 29.69 means the investor is paying $29.69Β for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Grupo Financiero Banorte SAB de CV ADR:

  • The EOD is 40.266. Based on the earnings, the company is overpriced. -1
  • The MRQ is 29.690. Based on the earnings, the company is overpriced. -1
  • The TTM is -704.562. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD40.266MRQ29.690+10.576
MRQ29.690TTM-704.562+734.252
TTM-704.562YOY46.791-751.353
TTM-704.5625Y-105.710-598.853
5Y-105.71010Y102.770-208.480
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD40.2664.399+35.867
MRQ29.6903.875+25.815
TTM-704.5626.132-710.694
YOY46.7914.741+42.050
3Y-206.3575.925-212.282
5Y-105.7108.400-114.110
10Y102.7709.118+93.652
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Grupo Financiero Banorte SAB de CV ADR:

  • The EOD is 15.749. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 11.612. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is -7.030. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD15.749MRQ11.612+4.136
MRQ11.612TTM-7.030+18.642
TTM-7.030YOY20.886-27.916
TTM-7.0305Y23.294-30.324
5Y23.29410Y13.895+9.399
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD15.7490.381+15.368
MRQ11.6120.336+11.276
TTM-7.0300.632-7.662
YOY20.886-1.072+21.958
3Y20.9242.007+18.917
5Y23.2940.284+23.010
10Y13.8950.095+13.800
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price ofΒ Banorte is to cheap or to expensiveΒ compared to its book value.

  • At or below 1 is considered healthyΒ (always compare to Banks - Regional industry mean).
  • A PB ratio of 6.82 means the investor is paying $6.82Β for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Grupo Financiero Banorte SAB de CV ADR:

  • The EOD is 9.252. Based on the equity, the company is overpriced. -1
  • The MRQ is 6.822. Based on the equity, the company is overpriced. -1
  • The TTM is 7.499. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD9.252MRQ6.822+2.430
MRQ6.822TTM7.499-0.676
TTM7.499YOY9.966-2.468
TTM7.4995Y7.633-0.134
5Y7.63310Y30.923-23.290
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD9.2520.490+8.762
MRQ6.8220.432+6.390
TTM7.4990.446+7.053
YOY9.9660.149+9.817
3Y8.3640.355+8.009
5Y7.6330.578+7.055
10Y30.9230.801+30.122
4.6.2. Total Gains per Share

2.4. Latest News of Grupo Financiero Banorte SAB de CV ADR

Does Grupo Financiero Banorte SAB de CV ADR still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from Grupo Financiero Banorte SAB de CV ADR to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2025-07-04
17:40
GBOOY vs. BAM: Which Stock Is the Better Value Option?Read
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6. Financial Statements




6.1. Latest Balance Sheet

Balance Sheet of 2025-03-31. Currency in MXN. All numbers in thousands.

Summary
Total Assets2,552,759,138
Total Liabilities2,286,624,255
Total Stockholder Equity267,056,146
 As reported
Total Liabilities 2,286,624,255
Total Stockholder Equity+ 267,056,146
Total Assets = 2,552,759,138

Assets

Total Assets2,552,759,138
Total Current Assets-
Long-term Assets-
Total Current Assets
Cash And Cash Equivalents 136,905,628
Total Current Assets  (as reported)0
Total Current Assets  (calculated)136,905,628
+/- 136,905,628
Long-term Assets
Property Plant Equipment 36,027,519
Goodwill 28,034,335
Long Term Investments 1,017,364,104
Intangible Assets 14,522,078
Long-term Assets  (as reported)0
Long-term Assets  (calculated)1,095,948,036
+/- 1,095,948,036

Liabilities & Shareholders' Equity

Total Current Liabilities-
Long-term Liabilities-
Total Stockholder Equity267,056,146
Total Current Liabilities
Accounts payable 93,575,454
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)93,575,454
+/- 93,575,454
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Retained Earnings 184,028,495
Total Stockholder Equity (as reported)267,056,146
Total Stockholder Equity (calculated)184,028,495
+/- 83,027,651
Other
Capital Stock9,770,657
Common Stock Shares Outstanding 2,812,157
Net Debt 19,095,359
Net Invested Capital 423,057,133
Property Plant and Equipment Gross 36,027,519



6.2. Balance Sheets Structured

Currency in MXN. All numbers in thousands.

 Trend2025-03-312024-12-312024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-31
> Total Assets 
18,734,212
21,170,237
21,143,531
410,563,044
23,484,218
13,065,074
22,086,080
394,413,031
1,620,470,000
1,594,607,000
1,589,998,000
1,583,651,000
1,580,010,000
1,729,280,000
1,783,581,000
1,795,306,000
1,787,904,000
1,810,207,000
1,802,363,000
1,803,695,000
1,850,879,000
2,035,427,000
2,033,316,000
2,033,008,098
2,070,072,000
2,130,030,874
2,191,378,370
2,298,367,510
2,274,859,000
2,395,398,537
2,435,012,000
2,420,030,786
2,471,208,809
2,552,759,138
2,552,759,1382,471,208,8092,420,030,7862,435,012,0002,395,398,5372,274,859,0002,298,367,5102,191,378,3702,130,030,8742,070,072,0002,033,008,0982,033,316,0002,035,427,0001,850,879,0001,803,695,0001,802,363,0001,810,207,0001,787,904,0001,795,306,0001,783,581,0001,729,280,0001,580,010,0001,583,651,0001,589,998,0001,594,607,0001,620,470,000394,413,03122,086,08013,065,07423,484,218410,563,04421,143,53121,170,23718,734,212
   > Total Current Assets 
0
48,877,540
44,809,153
46,910,654
3,067,219
1,725,851
2,893,618
43,037,008
165,556,000
9,078,084
168,924,535
175,761,522
142,166,000
262,231,274
267,346,802
251,325,000
265,193,000
483,967,430
221,452,905
175,345,317
192,593,000
347,972,908
299,951,634
279,134,988
235,102,000
0
0
0
0
0
0
0
0
0
000000000235,102,000279,134,988299,951,634347,972,908192,593,000175,345,317221,452,905483,967,430265,193,000251,325,000267,346,802262,231,274142,166,000175,761,522168,924,5359,078,084165,556,00043,037,0082,893,6181,725,8513,067,21946,910,65444,809,15348,877,5400
       Cash And Cash Equivalents 
7,750,860
4,799,731
4,881,928
18,959,759
573,532
830,577
1,098,262
16,297,006
43,144,000
72,135,000
54,543,000
56,121,000
62,797,000
90,877,000
106,047,000
100,081,000
109,306,000
116,394,000
110,852,000
67,769,000
98,842,000
124,571,000
99,209,000
91,746,306
108,254,000
107,250,789
130,567,977
109,222,564
100,230,000
125,072,098
125,894,000
100,107,551
98,704,453
136,905,628
136,905,62898,704,453100,107,551125,894,000125,072,098100,230,000109,222,564130,567,977107,250,789108,254,00091,746,30699,209,000124,571,00098,842,00067,769,000110,852,000116,394,000109,306,000100,081,000106,047,00090,877,00062,797,00056,121,00054,543,00072,135,00043,144,00016,297,0061,098,262830,577573,53218,959,7594,881,9284,799,7317,750,860
       Short-term Investments 
0
509
70
73,099
113,055
5,619
2,949
395,709
3,990,000
13,220
556,492
162,461
6,096,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000006,096,000162,461556,49213,2203,990,000395,7092,9495,619113,05573,099705090
       Net Receivables 
943,178
1,078,667
930,971
19,699,451
668,204
601,454
1,251,752
18,272,069
39,258,000
3,774,024
82,048,487
85,173,093
32,681,000
101,296,105
69,049,255
73,251,000
43,184,000
56,656,895
66,136,065
61,589,944
36,862,000
74,703,988
86,049,157
62,533,058
32,319,000
69,295,000
0
0
0
0
0
0
0
0
0000000069,295,00032,319,00062,533,05886,049,15774,703,98836,862,00061,589,94466,136,06556,656,89543,184,00073,251,00069,049,255101,296,10532,681,00085,173,09382,048,4873,774,02439,258,00018,272,0691,251,752601,454668,20419,699,451930,9711,078,667943,178
       Other Current Assets 
0
1,652,701
1,661,625
1,361,078
1,233,637
37,792
50,396
482,069
49,069,000
187,666
4,532,432
6,403,513
49,426,000
15,162,138
23,859,451
16,463,000
59,931,000
16,286,425
13,900,735
13,369,140
47,437,000
26,777,862
23,253,982
25,868,240
55,766,000
0
0
0
0
0
0
0
0
0
00000000055,766,00025,868,24023,253,98226,777,86247,437,00013,369,14013,900,73516,286,42559,931,00016,463,00023,859,45115,162,13849,426,0006,403,5134,532,432187,66649,069,000482,06950,39637,7921,233,6371,361,0781,661,6251,652,7010
   > Long-term Assets 0000000000000000000000000000000000
       Property Plant Equipment 
257,479
294,560
286,034
5,356,018
315,112
168,762
285,237
4,693,761
17,684,000
905,645
17,781,982
18,018,051
18,763,000
19,833,480
31,151,154
31,682,000
32,627,000
32,806,289
20,502,450
20,803,431
21,451,000
28,708,675
29,504,488
29,432,135
35,897,000
35,562,802
33,824,090
33,546,364
34,454,000
34,730,600
34,966,000
35,254,481
36,353,183
36,027,519
36,027,51936,353,18335,254,48134,966,00034,730,60034,454,00033,546,36433,824,09035,562,80235,897,00029,432,13529,504,48828,708,67521,451,00020,803,43120,502,45032,806,28932,627,00031,682,00031,151,15419,833,48018,763,00018,018,05117,781,982905,64517,684,0004,693,761285,237168,762315,1125,356,018286,034294,560257,479
       Goodwill 
0
0
0
0
0
119,165
199,409
5,572,037
24,453,000
0
0
0
26,700,000
0
0
0
26,720,000
0
0
0
26,732,000
26,720,000
26,725,000
26,724,474
26,741,000
26,709,837
26,690,775
26,697,258
26,825,000
26,823,055
26,859,000
27,977,685
28,066,798
28,034,335
28,034,33528,066,79827,977,68526,859,00026,823,05526,825,00026,697,25826,690,77526,709,83726,741,00026,724,47426,725,00026,720,00026,732,00000026,720,00000026,700,00000024,453,0005,572,037199,409119,16500000
       Long Term Investments 
15,942,721
13,993,532
14,179,240
158,657,553
3,475,027
1,997,205
2,886,301
51,842,662
228,576,000
618,426,000
611,595,000
632,290,000
265,635,000
674,037,000
740,860,000
750,785,000
374,314,000
757,803,000
747,969,000
769,559,000
381,709,000
814,670,000
836,843,000
847,579,375
426,287,000
863,922,668
870,086,365
924,772,600
491,440,000
987,513,719
975,774,000
1,006,281,769
1,018,353,581
1,017,364,104
1,017,364,1041,018,353,5811,006,281,769975,774,000987,513,719491,440,000924,772,600870,086,365863,922,668426,287,000847,579,375836,843,000814,670,000381,709,000769,559,000747,969,000757,803,000374,314,000750,785,000740,860,000674,037,000265,635,000632,290,000611,595,000618,426,000228,576,00051,842,6622,886,3011,997,2053,475,027158,657,55314,179,24013,993,53215,942,721
       Intangible Assets 
0
429,674
425,725
450,785
0
137,939
269,027
4,960,553
0
0
0
0
0
0
0
0
0
0
0
0
0
16,718,000
17,786,000
17,994,174
18,088,000
17,970,786
17,833,025
17,663,252
17,270,000
16,762,806
16,063,000
15,396,883
14,897,729
14,522,078
14,522,07814,897,72915,396,88316,063,00016,762,80617,270,00017,663,25217,833,02517,970,78618,088,00017,994,17417,786,00016,718,00000000000000004,960,553269,027137,9390450,785425,725429,6740
> Total Liabilities 
16,654,898
18,759,965
18,892,148
365,234,695
20,924,751
11,610,057
19,715,079
351,740,624
1,446,006,000
1,409,497,000
1,411,630,000
1,395,973,000
1,384,012,000
1,531,789,000
1,575,238,000
1,577,935,000
1,562,800,000
1,580,066,000
1,573,040,000
1,566,755,000
1,613,639,000
1,791,336,000
1,800,068,000
1,789,097,425
1,831,040,000
1,877,460,470
1,948,764,109
2,045,100,437
2,025,654,000
2,133,770,773
2,192,726,000
2,166,844,730
2,222,780,983
2,286,624,255
2,286,624,2552,222,780,9832,166,844,7302,192,726,0002,133,770,7732,025,654,0002,045,100,4371,948,764,1091,877,460,4701,831,040,0001,789,097,4251,800,068,0001,791,336,0001,613,639,0001,566,755,0001,573,040,0001,580,066,0001,562,800,0001,577,935,0001,575,238,0001,531,789,0001,384,012,0001,395,973,0001,411,630,0001,409,497,0001,446,006,000351,740,62419,715,07911,610,05720,924,751365,234,69518,892,14818,759,96516,654,898
   > Total Current Liabilities 
0
301,410,354
288,043,777
304,777,969
17,398,772
9,344,209
16,352,994
289,475,374
1,146,896,000
57,118,106
1,085,304,237
1,092,426,441
1,110,387,000
1,198,746,541
1,252,661,145
1,222,416,000
1,247,625,000
1,248,964,295
1,239,726,059
1,218,978,140
1,247,625,000
1,380,800,611
1,375,786,633
1,384,500,464
1,434,754,000
1,459,552,000
0
0
0
0
0
0
0
0
000000001,459,552,0001,434,754,0001,384,500,4641,375,786,6331,380,800,6111,247,625,0001,218,978,1401,239,726,0591,248,964,2951,247,625,0001,222,416,0001,252,661,1451,198,746,5411,110,387,0001,092,426,4411,085,304,23757,118,1061,146,896,000289,475,37416,352,9949,344,20917,398,772304,777,969288,043,777301,410,3540
       Short-term Debt 
253,523
225,403
248,541
5,658,449
381,395
149,138
0
0
0
0
0
46,719,541
49,091,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000000049,091,00046,719,54100000149,138381,3955,658,449248,541225,403253,523
       Short Long Term Debt 
253,523
225,403
248,541
5,658,449
381,395
149,138
325,856
6,700,928
38,213,000
1,620,085
44,592,645
46,719,541
49,091,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000000049,091,00046,719,54144,592,6451,620,08538,213,0006,700,928325,856149,138381,3955,658,449248,541225,403253,523
       Accounts payable 
77,609
5,879,358
5,624,225
194,087,291
10,792,810
5,931,895
10,332,495
181,675,916
675,811,000
0
7,730,000
0
677,376,000
710,743,477
737,328,443
748,059,000
771,711,000
790,524,054
774,811,329
760,245,228
767,072,000
805,675,318
840,446,956
847,697,707
870,537,000
886,349,000
76,005,627
76,155,678
32,895,000
80,454,317
44,297,000
80,505,343
73,176,896
93,575,454
93,575,45473,176,89680,505,34344,297,00080,454,31732,895,00076,155,67876,005,627886,349,000870,537,000847,697,707840,446,956805,675,318767,072,000760,245,228774,811,329790,524,054771,711,000748,059,000737,328,443710,743,477677,376,00007,730,0000675,811,000181,675,91610,332,4955,931,89510,792,810194,087,2915,624,2255,879,35877,609
       Other Current Liabilities 
8,487,993
9,780,040
10,172,346
2,001,693
325,327
39,870
35,526
823,772
26,853,000
591,534
9,774,537
5,888,131
11,772,000
10,869,378
12,646,421
6,010,000
17,520,000
4,743,775
4,851,821
9,130,139
18,336,000
26,623,338
31,381,749
35,955,557
38,938,000
37,062,000
0
0
0
0
0
0
0
0
0000000037,062,00038,938,00035,955,55731,381,74926,623,33818,336,0009,130,1394,851,8214,743,77517,520,0006,010,00012,646,42110,869,37811,772,0005,888,1319,774,537591,53426,853,000823,77235,52639,870325,3272,001,69310,172,3469,780,0408,487,993
   > Long-term Liabilities 0000000000000000000000000000000000
       Deferred Long Term Liability 
6,087
4,482
4,233
8,187,072
489,716
257,104
0
0
20,098,000
2,513,406
50,597,622
50,546,075
30,730,000
51,139,110
40,257,039
39,203,000
12,720,000
39,789,706
54,415,538
54,532,876
27,299,000
0
0
0
1,071,000
0
0
0
0
0
0
0
0
0
0000000001,071,00000027,299,00054,532,87654,415,53839,789,70612,720,00039,203,00040,257,03951,139,11030,730,00050,546,07550,597,6222,513,40620,098,00000257,104489,7168,187,0724,2334,4826,087
> Total Stockholder Equity
2,079,313
2,410,271
2,251,686
44,727,356
2,527,696
1,436,923
2,339,890
42,152,759
172,279,000
182,787,000
176,108,000
185,389,000
193,717,000
195,214,000
205,900,000
214,652,000
222,242,000
227,233,000
226,298,000
234,043,000
234,234,000
241,017,000
230,528,000
241,081,984
236,043,000
249,390,590
239,424,938
250,083,125
249,353,000
261,850,020
242,825,000
253,822,892
249,409,642
267,056,146
267,056,146249,409,642253,822,892242,825,000261,850,020249,353,000250,083,125239,424,938249,390,590236,043,000241,081,984230,528,000241,017,000234,234,000234,043,000226,298,000227,233,000222,242,000214,652,000205,900,000195,214,000193,717,000185,389,000176,108,000182,787,000172,279,00042,152,7592,339,8901,436,9232,527,69644,727,3562,251,6862,410,2712,079,313
   Common Stock
215,175
4,667,595
4,403,705
4,620,561
167,112
137,759
230,031
3,727,881
10,006,000
781,830
14,967,673
14,982,226
10,036,000
14,943,860
14,901,112
14,901,000
9,964,000
14,936,078
14,936,078
14,939,223
10,001,000
10,013,434
9,985,434
9,982,190
10,000,000
14,968,000
0
0
0
0
0
0
0
0
0000000014,968,00010,000,0009,982,1909,985,43410,013,43410,001,00014,939,22314,936,07814,936,0789,964,00014,901,00014,901,11214,943,86010,036,00014,982,22614,967,673781,83010,006,0003,727,881230,031137,759167,1124,620,5614,403,7054,667,595215,175
   Retained Earnings 
1,297,136
1,522,108
1,383,304
28,219,452
1,651,035
958,213
1,557,772
26,496,603
108,508,000
118,123,000
110,130,000
118,293,000
126,612,000
135,052,628
136,546,004
144,276,000
149,281,000
156,903,730
156,670,592
164,634,027
165,124,000
173,542,367
166,031,374
176,338,827
145,218,000
157,190,000
146,515,615
158,871,004
155,928,000
169,188,674
156,193,000
169,388,394
170,319,492
184,028,495
184,028,495170,319,492169,388,394156,193,000169,188,674155,928,000158,871,004146,515,615157,190,000145,218,000176,338,827166,031,374173,542,367165,124,000164,634,027156,670,592156,903,730149,281,000144,276,000136,546,004135,052,628126,612,000118,293,000110,130,000118,123,000108,508,00026,496,6031,557,772958,2131,651,03528,219,4521,383,3041,522,1081,297,136
   Capital Surplus 0000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000
   Other Stockholders Equity 
28,609
26,895
24,794
544,948
92,296
3,900
-12,315
19,910
5,861,000
84,390
2,765,627
4,140,979
9,090,000
-2,873,205
6,137,728
6,966,000
14,728,000
7,530,604
6,407,952
5,978,996
10,817,000
4,306,086
1,093,367
1,148,072
32,385,000
0
34,187,808
0
0
0
0
0
0
0
000000034,187,808032,385,0001,148,0721,093,3674,306,08610,817,0005,978,9966,407,9527,530,60414,728,0006,966,0006,137,728-2,873,2059,090,0004,140,9792,765,62784,3905,861,00019,910-12,3153,90092,296544,94824,79426,89528,609



6.3. Balance Sheets

Currency in MXN. All numbers in thousands.




6.4. Cash Flows

Currency in MXN. All numbers in thousands.




6.5. Income Statements

Currency in MXN. All numbers in thousands.


6.6. Latest Income Statement

Income Statement (annual), 2024-12-31. Currency in MXN. All numbers in thousands.

Gross Profit (+$)
totalRevenue218,042,309
Cost of Revenue--
Gross Profit-218,042,309
 
Operating Income (+$)
Gross Profit-
Operating Expense--
Operating Income-0
 
Operating Expense (+$)
Research Development-
Selling General Administrative54,625,194
Selling And Marketing Expenses-
Operating Expense-54,625,194
 
Net Interest Income (+$)
Interest Income405,432,864
Interest Expense-266,073,308
Other Finance Cost-0
Net Interest Income139,359,556
 
Pretax Income (+$)
Operating Income-
Net Interest Income139,359,556
Other Non-Operating Income Expenses-
Income Before Tax (EBT)75,330,9590
EBIT - interestExpense = -266,073,308
56,188,287
322,261,595
Interest Expense266,073,308
Earnings Before Interest and Taxes (EBIT)-341,404,267
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax75,330,959
Tax Provision-19,126,529
Net Income From Continuing Ops56,204,43056,204,430
Net Income56,188,287
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net--139,359,556
 

Technical Analysis of Banorte
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Banorte. The general trend of Banorte is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Banorte's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Banorte Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

SupportΒ is a price level at which demand for an asset is strong enough to prevent the price from falling further.
ResistanceΒ is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Grupo Financiero Banorte SAB de CV ADR.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 47.89 < 50.14 < 52.75.

The bearish price targets are: 43.07 > 42.55 > 40.73.

Know someone who trades $GBOOY? Share this with them.πŸ‘‡

Grupo Financiero Banorte SAB de CV ADR Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows theΒ moving averageΒ of the selected period.

  • Moving averages are laggingΒ trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Grupo Financiero Banorte SAB de CV ADR. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Grupo Financiero Banorte SAB de CV ADR Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows theΒ momentumΒ of theΒ selected period based on two moving averages.

  • MACD is aΒ lagging momentumΒ indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Grupo Financiero Banorte SAB de CV ADR. The current macd is 0.69214499.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Banorte price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Banorte. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Banorte price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Grupo Financiero Banorte SAB de CV ADR Daily Moving Average Convergence/Divergence (MACD) ChartGrupo Financiero Banorte SAB de CV ADR Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Grupo Financiero Banorte SAB de CV ADR. The current adx is 28.70.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Banorte shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Grupo Financiero Banorte SAB de CV ADR Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • ShowsΒ the current trend.
  • ShowsΒ potential entry signals.
  • ShowsΒ Β potential exit signals.
  • Can be used to placeΒ trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Grupo Financiero Banorte SAB de CV ADR. The current sar is 43.89.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Grupo Financiero Banorte SAB de CV ADR Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentumΒ indicator, meaning the signals are instant.
  • RangesΒ between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Grupo Financiero Banorte SAB de CV ADR. The current rsi is 60.39. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Grupo Financiero Banorte SAB de CV ADR Daily Relative Strength Index (RSI) ChartGrupo Financiero Banorte SAB de CV ADR Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

ComparesΒ a certain price to multiple prices ranging over time.

  • LeadingΒ momentumΒ indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • RangesΒ between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Grupo Financiero Banorte SAB de CV ADR. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Banorte price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Grupo Financiero Banorte SAB de CV ADR Daily Stochastic Oscillator ChartGrupo Financiero Banorte SAB de CV ADR Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,Β the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Grupo Financiero Banorte SAB de CV ADR. The current cci is 86.13.

Grupo Financiero Banorte SAB de CV ADR Daily Commodity Channel Index (CCI) ChartGrupo Financiero Banorte SAB de CV ADR Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Grupo Financiero Banorte SAB de CV ADR. The current cmo is 25.17.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Grupo Financiero Banorte SAB de CV ADR Daily Chande Momentum Oscillator (CMO) ChartGrupo Financiero Banorte SAB de CV ADR Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

Β Shows the current price relative to the highest high over the last 14 days.
Β 

  • Lagging momentum indicator
  • Ranging between 0 andΒ -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Grupo Financiero Banorte SAB de CV ADR. The current willr is -7.92540793.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Grupo Financiero Banorte SAB de CV ADR Daily Williams %R ChartGrupo Financiero Banorte SAB de CV ADR Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversoldΒ 

Score

Let's take a look at the Bollinger Bands of Grupo Financiero Banorte SAB de CV ADR.

Grupo Financiero Banorte SAB de CV ADR Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Grupo Financiero Banorte SAB de CV ADR. The current atr is 1.17779683.

Grupo Financiero Banorte SAB de CV ADR Daily Average True Range (ATR) ChartGrupo Financiero Banorte SAB de CV ADR Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

Β Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Grupo Financiero Banorte SAB de CV ADR. The current obv is -2,807,315.

Grupo Financiero Banorte SAB de CV ADR Daily On-Balance Volume (OBV) ChartGrupo Financiero Banorte SAB de CV ADR Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Grupo Financiero Banorte SAB de CV ADR. The current mfi is 71.43.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Grupo Financiero Banorte SAB de CV ADR Daily Money Flow Index (MFI) ChartGrupo Financiero Banorte SAB de CV ADR Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Grupo Financiero Banorte SAB de CV ADR.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-02-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-02-18BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-24MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-02-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-02-27STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-02-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-03-03STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-06CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-07STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-10DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-24STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-25CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-03-31CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-04-01STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-08STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-10CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-11STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-04-17CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-04-21WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-04-22BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-23STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-25STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-04-29STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-30STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-01STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-02STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-05-06STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-08STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-05-13STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-05-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-05-16STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-19STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-20STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-05-23STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-29STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-04STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-05STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-06STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-10CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-06-11STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-12STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-13STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-18STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-20STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-23BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-06-24STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-27SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-06-30STOCH LONG EXITThe %K line crosses below the %D line.
2025-07-01STOCH SHORT EXITThe %K line crosses above the %D line.
2025-07-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-07-07STOCH LONG EXITThe %K line crosses below the %D line.
2025-07-08STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Grupo Financiero Banorte SAB de CV ADR Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Grupo Financiero Banorte SAB de CV ADR based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5060.390
Ma 20Greater thanMa 5045.709
Ma 50Greater thanMa 10044.636
Ma 100Greater thanMa 20040.667
OpenGreater thanClose46.150
Total4/5 (80.0%)
Penke
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