Grupo Financiero Banorte, S.A.B. de C.V. (GFNORTEO.MX) stock analysis

In our weekly check, Grupo Financiero Banorte, S.A.B. de C.V. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 1, red flags: 5.

About Grupo Financiero Banorte, S.A.B. de C.V.

Grupo Financiero Banorte, S.A.B. de C.V. is a Financial Services company (Banks - Regional) based in Mexico, listed on MEX as GFNORTEO.MX.

What our checks show for GFNORTEO.MX

Red flags

• The net margin fell by 9.6 points over 5 years, to 12.2%: the company keeps less of each sale as profit.
• The gross margin fell by 46.9 points, to 53.1%: costs are rising faster than prices.
• Analysts expect revenue to shrink about 35.8% a year.
• The stock has fallen as much as 75% from a peak. Would you have held through that?

Warning signs

• Return on capital (ROCE) is only 8%.

Strengths

• Analysts expect the net margin to improve by 25.9 points from today's 12.2%.
• Revenue grew 51% a year over the last 3 years.
• Earnings per share grew 16.2% a year over the last 3 years.
• Net profit grew 18.3% a year over the last 3 years.
• The dividend takes 26% of profit: there is a cushion.
• The price is 8.5 times earnings (P/E), reasonable for its growth.

Next earnings report: 2026-11-03

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Questions

What grade does Grupo Financiero Banorte, S.A.B. de C.V. (GFNORTEO.MX) have?

In our weekly check, Grupo Financiero Banorte, S.A.B. de C.V. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 1, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of GFNORTEO.MX stock?

This week's biggest flags for Grupo Financiero Banorte, S.A.B. de C.V.: Margins falling, Gross margin falling, Weak revenue forecast. In total 6 of 25 checks show a warning or a red flag.

What does Grupo Financiero Banorte, S.A.B. de C.V. do?

Grupo Financiero Banorte, S.A.B. de C.V. is a Financial Services company (Banks - Regional) based in Mexico, listed on MEX as GFNORTEO.MX.

When does Grupo Financiero Banorte, S.A.B. de C.V. report earnings next?

The next earnings report is expected on 2026-11-03. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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