AMX vs TV: Which Is the Better Buy in 2026?

Same yardstick, side by side (as of September 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

Reading it: AMX is the cheaper of the two on forward earnings, but cheaper is not the same as better. Pair the valuation with growth (how far the forward P/E sits below the trailing P/E) and risk (beta) before you decide.

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. AMX and TV share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined AMX and TV exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

America Movil, S.A.B. de C.V. (AMX) is the largest telecommunications company in Latin America, headquartered in Mexico City and controlled by the Slim family. It provides wireless service under the Telcel brand in Mexico and the Claro brand across most of Latin America, alongside fixed-line telephone, broadband, and pay-TV services (including Telmex in Mexico) and enterprise and cloud solutions. As of the end of 2025 the company served roughly 331 million wireless subscribers and about 79 million fixed revenue-generating units across markets spanning Mexico, Brazil, Colombia, Argentina, the Andean and Central American regions, the Caribbean, and several countries in Central and Eastern Europe. The US-listed security is an ADR that trades on the NYSE and represents a block of the company's underlying Mexican shares.

Full AMX guide

Grupo Televisa, S.A.B. is a Mexican telecommunications and media company that trades in the United States as an NYSE-listed ADR under the ticker TV. Its core operating business is now a single Telecom segment that combines the Izzi cable operation (broadband, video and voice to nearly 20 million homes passed) and the Sky satellite pay-TV business, reported across Residential, Satellite and Enterprise revenue lines. Beyond the consolidated telecom operation, Televisa holds a roughly 45% stake in TelevisaUnivision, the Spanish-language media group formed when Televisa sold its content and broadcasting assets to Univision in 2022, which owns the fast-growing ViX streaming service.

Full TV guide

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

• AMX drivers: Postpaid and data-led revenue growth; Free cash flow and deleveraging.
• TV drivers: Cable and Sky integration synergies; Fiber broadband and enterprise growth offsetting satellite decline.

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: The dominant risk is currency: most revenue is earned in Latin American currencies while the ADR and dividend are in US dollars, so a strong Mexican peso or weak regional currencies can swing reported earnings, as a currency-driven EPS miss in early 2026 showed. For TV, grupo Televisa carries significant debt, and rising finance expense can absorb operating gains, as seen in recent quarters.

Growth-minded investors who believe the theme has years to run tend to accept the richer multiple for more upside; value-minded investors lean toward the cheaper forward earnings and steadier profile. Pick AMX if you believe its drivers more; TV if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the AMX and TV guides.

AMX. America Movil trades at a mid-teens earnings multiple, roughly in line with large telecom peers and below high-growth tech. Reported figures are dominated by the Mexican peso conversion, so US-dollar ADR results can move even when local-currency operations are stable. Free cash flow rose meaningfully in 2025 while net debt fell, supporting the dividend and buybacks.

TV. Televisa is a large operating telecom and media company whose small equity market capitalization (near $1.7 billion) reflects heavy debt and the fact that much of the media value sits in a minority stake. Quarterly revenue is reported in Mexican pesos, so peso-to-dollar moves affect ADR results. Figures are approximate and drawn from the Q1 2026 report and market data as of mid-2026.

Headline figures (approximate, July 2026): AMX shows revenue (2025) ~Ps.944 billion (~$50 billion USD), net profit (2025) ~Ps.88 billion (~$4.6 billion USD), wireless subscribers ~331 million, market cap ~$75-80 billion; TV shows market cap ~$1.7B, q1 2026 revenue ~Ps.14.5B (~$0.8B), revenue (ttm) ~$3.1B, operating segment margin ~41%.

AMX and TV are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined AMX and TV exposure against your real portfolio. It is not an investment adviser.