Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Brazilian (BOVESPA) Market Analysis & Valuation

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies346
  • 7D-1.6%
  • 3M9.8%
  • 1Y10.1%
  • YTD20.2%

Over the last 7 days, the market has dropped 1.6%, driven by a pullback of 2.2% in the Financials sector. As for the longer term, the market has actually risen by 10% in the last year. Looking forward, earnings are forecast to grow by 13% annually.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Nov 2025R$4.8tR$4.2tR$412.2b9.4x11.6x1.1x
Sun, 19 Oct 2025R$4.4tR$4.2tR$432.5b8.9x10.2x1.1x
Tue, 16 Sep 2025R$4.5tR$4.2tR$435.2b9x10.4x1.1x
Thu, 14 Aug 2025R$4.3tR$4.2tR$449.1b8.8x9.6x1x
Sat, 12 Jul 2025R$4.3tR$4.2tR$404.6b9.1x10.7x1x
Mon, 09 Jun 2025R$4.5tR$4.7tR$416.6b9.3x10.7x1x
Wed, 07 May 2025R$4.4tR$4.7tR$403.4b8.8x10.9x0.9x
Fri, 04 Apr 2025R$4.3tR$4.7tR$406.8b8.5x10.7x0.9x
Sun, 02 Mar 2025R$4.1tR$4.6tR$408.3b8.4x10.1x0.9x
Tue, 28 Jan 2025R$4.1tR$4.6tR$475.2b8.5x8.7x0.9x
Thu, 26 Dec 2024R$4.1tR$4.6tR$481.2b8.3x8.6x0.9x
Sat, 23 Nov 2024R$4.4tR$4.6tR$479.8b9.3x9.1x1x
Mon, 21 Oct 2024R$4.5tR$4.4tR$428.9b9.7x10.5x1x
Wed, 18 Sep 2024R$4.7tR$4.4tR$427.1b10.1x10.9x1.1x
Fri, 16 Aug 2024R$4.7tR$4.4tR$422.7b10.4x11.1x1.1x
Sun, 14 Jul 2024R$4.5tR$4.3tR$446.4b10x10x1x
Tue, 11 Jun 2024R$4.3tR$4.4tR$447.0b9.8x9.5x1x
Thu, 09 May 2024R$4.6tR$4.4tR$460.9b10.2x9.9x1x
Sat, 06 Apr 2024R$4.5tR$4.3tR$458.9b10.4x9.9x1x
Mon, 04 Mar 2024R$4.6tR$4.3tR$456.6b10.4x10.1x1.1x
Wed, 31 Jan 2024R$4.6tR$4.3tR$466.8b11.2x9.8x1.1x
Fri, 29 Dec 2023R$4.8tR$4.4tR$467.0b11.7x10.2x1.1x
Sun, 26 Nov 2023R$4.4tR$4.4tR$468.4b10.7x9.5x1x
Tue, 24 Oct 2023R$4.1tR$4.5tR$504.1b10.6x8.2x0.9x
Thu, 21 Sep 2023R$4.3tR$4.5tR$504.8b11.2x8.6x1x
Sat, 19 Aug 2023R$4.3tR$4.5tR$504.0b10.7x8.5x0.9x
Mon, 17 Jul 2023R$4.4tR$4.6tR$552.8b11.6x7.9x1x
Wed, 14 Jun 2023R$4.4tR$4.6tR$554.5b11.4x7.9x0.9x
Fri, 12 May 2023R$4.1tR$4.6tR$566.7b10.4x7.2x0.9x
Sun, 09 Apr 2023R$3.9tR$4.6tR$595.1b9.4x6.5x0.8x
Tue, 07 Mar 2023R$4.0tR$4.6tR$617.0b9.6x6.5x0.9x
Thu, 02 Feb 2023R$4.3tR$4.5tR$628.4b10x6.8x0.9x
Sat, 31 Dec 2022R$4.2tR$4.5tR$628.6b9.7x6.7x0.9x
Mon, 28 Nov 2022R$4.3tR$4.5tR$628.6b9.1x6.8x0.9x
Price to Earnings Ratio

6.8x


Total Market Cap: R$4.3tTotal Earnings: R$628.6bTotal Revenue: R$4.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Market Price to Earnings3Y Average 9.2x202320242025
Current Market PE
  • Investors are optimistic on the Brazilian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 11.6x which is higher than its 3-year average PE of 9.2x.
Past Earnings Growth
  • The earnings for companies in the Brazilian industry have declined 13% per year over the last three years.
  • Revenues have also declined 2.5% 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 Brazilian Market?

BR Market-1.62%
Energy0.25%
Materials-0.81%
Industrials-1.34%
Real Estate-1.38%
Telecom-1.55%
Consumer Discretionary-1.60%
Utilities-1.62%
Healthcare-2.09%
Financials-2.20%
Consumer Staples-2.80%
Tech-3.41%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 47.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 23.8%, which is higher than its past year's earnings growth of 15.2% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 5.6x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 24% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Real Estate industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
EMBJ3 EmbraerR$86.403.7%
+R$2.2b		51.8%PE34.6xIndustrials
CPFE3 CPFL EnergiaR$47.773.6%
+R$1.9b		44.8%PE10.1xUtilities
SUZB3 SuzanoR$48.332.0%
+R$1.2b		-20.4%PE9.1xMaterials
CXSE3 Caixa Seguridade ParticipaçõesR$15.711.4%
+R$660.0m		7.2%PE10.7xFinancials
DASA3 Diagnósticos da AméricaR$2.8122.7%
+R$649.8m		21.6%PS0.3xHealthcare
See more

Market Insights

Header cover image
🇬🇧 London’s IPO Drought and the Hunt for the UK’s Real Winners
Richard Bowman avatar
Richard Bowman
|
|
This week, we will unpack the FTSE 100 vs FTSE 250 divide, the industries driving returns, and why the UK is increasingly a stock-picker’s market heading into 2026.
Continue reading
💸 The Return of Share Buybacks in Tech
Last Week

💸 The Return of Share Buybacks in Tech

Latest News

EMBJ3
R$86.40
Embraer
7D
3.7%
1Y
51.8%

Embraer (BVMF:EMBJ3) Might Have The Makings Of A Multi-Bagger

Nov 20
Embraer (BVMF:EMBJ3) Might Have The Makings Of A Multi-Bagger
SUZB3
R$48.33
Suzano
7D
2.0%
1Y
-20.4%

SUZB3: Upcoming Board Decisions Will Drive Robust Momentum Into Next Year

Narrative Update on Suzano Analysts have slightly lowered their price target for Suzano from $74.18 to $73.86. This adjustment reflects modest changes to revenue growth, profit margin, and future earnings expectations.
COGN3
R$3.71
Cogna Educação
7D
7.2%
1Y
166.9%
RDOR3
R$44.72
Rede D'Or São Luiz
7D
-2.9%
1Y
53.6%
MBRF3
R$21.51
Marfrig Global Foods
7D
-11.8%
1Y
18.2%
CXSE3
R$15.71
Caixa Seguridade Participações
7D
1.4%
1Y
7.2%
WEGE3
R$43.65
WEG
7D
-1.8%
1Y
-19.2%

WEGE3: Measured Revenue and Profit Margins Expected to Boost Stability Ahead

Analysts have raised their price target for WEG from $46.49 to $46.88, citing expectations of slightly higher revenue growth and improved profit margins in upcoming periods. What's in the News The Board of Directors reviewed and approved updates to the Risk Management Policy.
BBAS3
R$21.58
Banco do Brasil
7D
-3.8%
1Y
-15.7%
DASA3
R$2.81
Diagnósticos da América
7D
22.7%
1Y
21.6%
ABEV3
R$13.41
Ambev
7D
-2.0%
1Y
5.8%

ABEV3: Weaker Production And Consumer Environment Will Drive Near-Term Performance

Ambev's analyst price targets have been revised downward, with the most notable recent adjustments including a decrease from R$10.20 to R$10.10 and from $2.50 to $2.20. Analysts flag weaker industrial production and ongoing challenges in Brazil's beverage sector.
CPFE3
R$47.77
CPFL Energia
7D
3.6%
1Y
44.8%
RADL3
R$23.20
Raia Drogasil
7D
1.5%
1Y
-10.8%
B3SA3
R$13.85
B3 - Brasil Bolsa Balcão
7D
-4.1%
1Y
38.2%

B3 S.A. - Brasil, Bolsa, Balcão (BVMF:B3SA3) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Nov 14
B3 S.A. - Brasil, Bolsa, Balcão (BVMF:B3SA3) Just Released Its Third-Quarter Earnings: Here's What Analysts Think
SBSP3
R$136.67
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
7D
-4.5%
1Y
39.4%

Returns At Companhia de Saneamento Básico do Estado de São Paulo - SABESP (BVMF:SBSP3) Are On The Way Up

Nov 13
Returns At Companhia de Saneamento Básico do Estado de São Paulo - SABESP (BVMF:SBSP3) Are On The Way Up
BPAC11
R$52.12
Banco BTG Pactual
7D
-2.4%
1Y
56.5%

BPAC11: Discount Rate Drop And Margin Outlook Will Support Stable Share Performance

Analysts have raised their price target for Banco BTG Pactual from R$50.42 to R$51.00, citing incremental improvements in the discount rate, revenue growth, and profit margin forecasts. Valuation Changes The consensus analyst price target has increased slightly, from R$50.42 to R$51.00.
CEEB3
R$39.10
Companhia de Eletricidade do Estado da Bahia - COELBA
7D
5.7%
1Y
1.6%

Lacklustre Performance Is Driving Companhia de Eletricidade do Estado da Bahia - COELBA's (BVMF:CEEB3) Low P/E

Nov 03
Lacklustre Performance Is Driving Companhia de Eletricidade do Estado da Bahia - COELBA's (BVMF:CEEB3) Low P/E