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Brazilian (BOVESPA) Market Analysis & Valuation

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies374
  • 7D-0.004%
  • 3M-6.6%
  • 1Y10.9%
  • YTD1.8%

The market has been flat in the last week, however the Information Technology sector is down 5.4%. As for the longer term, the market has risen 11% in the past 12 months. 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
Wed, 10 Jun 2026R$4.8tR$4.0tR$423.2b9.3x11.4x1.2x
Fri, 08 May 2026R$5.4tR$4.0tR$438.9b10.4x12.3x1.4x
Sun, 05 Apr 2026R$5.5tR$4.0tR$436.2b10.6x12.5x1.4x
Tue, 03 Mar 2026R$5.5tR$4.0tR$399.0b10.1x13.9x1.4x
Thu, 29 Jan 2026R$5.4tR$4.2tR$398.3b10.4x13.5x1.3x
Sat, 27 Dec 2025R$4.8tR$4.2tR$401.6b9.8x12x1.1x
Mon, 24 Nov 2025R$4.8tR$4.2tR$412.4b9.3x11.5x1.1x
Wed, 22 Oct 2025R$4.4tR$4.2tR$432.2b8.9x10.3x1.1x
Fri, 19 Sep 2025R$4.6tR$4.2tR$435.2b9.1x10.5x1.1x
Sun, 17 Aug 2025R$4.3tR$4.2tR$443.7b8.6x9.7x1x
Tue, 15 Jul 2025R$4.3tR$4.2tR$405.6b8.9x10.5x1x
Thu, 12 Jun 2025R$4.4tR$4.2tR$405.7b9.4x10.9x1x
Sat, 10 May 2025R$4.5tR$4.7tR$414.8b9.1x10.8x1x
Mon, 07 Apr 2025R$4.2tR$4.7tR$407.0b8.2x10.4x0.9x
Wed, 05 Mar 2025R$4.1tR$4.6tR$410.5b8.1x10x0.9x
Fri, 31 Jan 2025R$4.2tR$4.6tR$475.2b8.6x8.8x0.9x
Sun, 29 Dec 2024R$4.1tR$4.6tR$480.9b8.3x8.5x0.9x
Tue, 26 Nov 2024R$4.4tR$4.6tR$481.6b9.3x9.2x1x
Thu, 24 Oct 2024R$4.5tR$4.4tR$428.2b9.8x10.5x1x
Sat, 21 Sep 2024R$4.5tR$4.4tR$427.9b10x10.6x1x
Mon, 19 Aug 2024R$4.7tR$4.4tR$425.2b10.3x10.9x1x
Wed, 17 Jul 2024R$4.5tR$4.3tR$446.4b10.1x10x1x
Fri, 14 Jun 2024R$4.2tR$4.4tR$447.0b9.7x9.4x1x
Sun, 12 May 2024R$4.5tR$4.4tR$430.5b10.1x10.4x1x
Tue, 09 Apr 2024R$4.6tR$4.3tR$459.5b10.5x10x1.1x
Thu, 07 Mar 2024R$4.6tR$4.3tR$459.5b10.3x10x1.1x
Sat, 03 Feb 2024R$4.5tR$4.3tR$467.8b11.1x9.7x1x
Mon, 01 Jan 2024R$4.8tR$4.4tR$466.9b11.9x10.2x1.1x
Wed, 29 Nov 2023R$4.5tR$4.4tR$468.0b10.8x9.5x1x
Fri, 27 Oct 2023R$4.1tR$4.5tR$504.2b10.5x8.1x0.9x
Sun, 24 Sep 2023R$4.2tR$4.5tR$504.4b10.9x8.4x0.9x
Tue, 22 Aug 2023R$4.3tR$4.5tR$504.1b10.8x8.5x0.9x
Thu, 20 Jul 2023R$4.4tR$4.6tR$553.3b11.7x7.9x1x
Sat, 17 Jun 2023R$4.4tR$4.6tR$552.9b11.7x8x1x
Price to Earnings Ratio

8x


Total Market Cap: R$4.4tTotal Earnings: R$552.9bTotal Revenue: R$4.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Market Price to Earnings3Y Average 10.2x202420252026
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 11.4x which is higher than its 3-year average PE of 10.2x.
Past Earnings Growth
  • The earnings for companies in the Brazilian industry have declined 8.5% per year over the last three years.
  • Revenues have also declined 5.0% 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-0.0039%
Industrials2.23%
Healthcare0.88%
Consumer Discretionary0.78%
Financials0.59%
Utilities0.19%
Consumer Staples0.16%
Energy-0.24%
Real Estate-0.38%
Telecom-1.83%
Materials-2.87%
Tech-5.36%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 51.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 25.9%, which is higher than its past year's earnings growth of 0.5% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 6.3x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings growth rate of 0.5% per year.
  • In contrast, the Energy 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
WEGE3 WEGR$43.333.7%
+R$6.5b		2.5%PE28.9xIndustrials
CBEE3 Ampla Energia e ServiçosR$20.5033.9%
+R$2.4b		141.5%PE182.9xUtilities
BBSE3 BB Seguridade ParticipaçõesR$36.253.5%
+R$2.3b		3.2%PE7.7xFinancials
ABEV3 AmbevR$16.210.9%
+R$2.2b		16.5%PE16.2xConsumer Staples
EMBJ3 EmbraerR$72.734.4%
+R$2.2b		10.1%PE30.6xIndustrials
See more

Market Insights

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Latest News

VALE3
R$78.50
Vale
7D
-4.0%
1Y
47.6%
Narrative Update • Jun 08

VALE3: Copper And Base Metals Execution Will Drive Future Upside Potential

Analysts have nudged the updated fair value for Vale slightly lower while raising their overall price targets in the R$18 to R$19.50 range, citing refreshed models that now factor in copper growth and other revisions to company assumptions. Analyst Commentary Recent research points to a cluster of higher price targets for Vale, with several bullish analysts updating their models and narrowing in on the R$18 to R$19.50 range.
CSMG3
R$57.50
Companhia de Saneamento de Minas Gerais
7D
-4.2%
1Y
137.1%
Narrative Update • Jun 07

CSMG3: Future Returns Will Reflect Index Inclusions And Steady Profit Outlook

Analysts have nudged their price target for Companhia de Saneamento de Minas Gerais slightly higher to around R$55.76 from about R$54.64, reflecting updated assumptions that include a different discount rate, adjusted revenue growth expectations, a higher profit margin, and a lower future P/E. What's in the News Companhia de Saneamento de Minas Gerais was added to the Brazil Valor BM&FBOVESPA Index, according to a recent index constituent update.
BBAS3
R$19.11
Banco do Brasil
7D
-2.2%
1Y
-10.7%
Narrative Update • Jun 06

BBAS3: Higher Revenue Outlook Will Support Repriced Future P E Multiple

Analysts have increased their price target for Banco do Brasil slightly to R$37.75, citing a revised view on revenue growth, profit margin and future P/E assumptions. What's in the News A board meeting is scheduled for May 11, 2026 to consider distributing BRL 465,702,640.04 to shareholders as interest on own share capital for the first quarter of 2026.
VIVT3
R$32.95
Telefônica Brasil
7D
-2.4%
1Y
10.9%
Narrative Update • Jun 05

VIVT3: Capital Return Actions Will Drive A Stronger Forward Outlook

Analysts have nudged their price target for Telefônica Brasil slightly higher to R$40.44 from R$40.29. The revision reflects updated assumptions around revenue growth, profit margins and the stock's future P/E multiple.
CXSE3
R$17.96
Caixa Seguridade Participações
7D
2.9%
1Y
23.8%
Narrative Update • Jun 04

CXSE3: Future Upside Will Depend On Revenue Expansion And P E Support

Analysts have nudged their price target for Caixa Seguridade Participações slightly lower to about R$19.41 from around R$19.44, citing updated assumptions for revenue growth, profit margins and the future P/E multiple. What's in the News No recent company specific news, periodical coverage or key developments were provided in the sources above, so current publicly reported catalysts for Caixa Seguridade Participações cannot be summarized here.
TOTS3
R$30.79
TOTVS
7D
-8.4%
1Y
-24.7%
Narrative Update • Jun 03

TOTS3: Mission-Critical SMB Workflows And Cross-Selling Will Unlock Upside

Analysts have kept the fair value estimate for TOTVS steady at R$61.0 while updating their assumptions to reflect Street research that highlights the stock’s focus on mission-critical SMB workflows, cross-selling potential, and earnings visibility, which underpin recent Buy and Outperform ratings with price targets of R$45 and R$47. Analyst Commentary Recent Street research on TOTVS highlights a constructive tone around execution on mission-critical workflows for SMB clients, with attention on how this can support earnings visibility and justify current fair value assumptions.
WEGE3
R$43.33
WEG
7D
3.7%
1Y
2.5%
Narrative Update • Jun 03

WEGE3: Higher Required Returns Will Pressure Already Stretched Share Pricing

Analysts trimmed their WEG price target slightly to R$37.30 from R$38.00, reflecting updated assumptions for revenue growth, profit margins, discount rate, and future P/E levels. What's in the News WEG S.A. held an Analyst/Investor Day, providing the market with updated information on the business and medium to long term priorities.
BBSE3
R$36.25
BB Seguridade Participações
7D
3.5%
1Y
3.2%
Narrative Update • Jun 03

BBSE3: Fair Value Will Face Pressure From Recent Bearish Downgrade

Analysts now hold BB Seguridade Participações at an unchanged fair value of R$36.92 per share. A slightly higher discount rate and modestly adjusted assumptions for revenue growth, profit margin, and future P/E, alongside a recent downgrade in Street research, frame a more cautious tone around the stock.
EQTL3
R$38.76
Equatorial
7D
-2.6%
1Y
6.5%
Narrative Update • Jun 02

EQTL3: 2026 Shareholder Meeting Will Support Higher Profitability And Bullish View

Analysts now see slightly higher upside for Equatorial, lifting their price target to about R$50.67 from roughly R$49.91. This reflects updated views on discount rates, revenue trends, profit margins, and future P/E assumptions.
ABEV3
R$16.21
Ambev
7D
0.9%
1Y
16.5%
Narrative Update • Jun 01

ABEV3: Elevated Profitability Assumptions Will Increase Execution Risk For Future Rerating

Ambev's analyst price target has been revised from R$11.00 to R$12.50. Analysts point to updated assumptions for revenue growth, profit margins and future P/E multiples, along with recent target increases from several firms, as key drivers of the change.
SBSP3
R$27.69
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
7D
1.7%
1Y
23.7%
CBEE3
R$20.50
Ampla Energia e Serviços
7D
33.9%
1Y
141.5%
EMBJ3
R$72.73
Embraer
7D
4.4%
1Y
10.1%
Narrative Update • May 26

EMBJ3: Backlog Delivery And 2026 Guidance Will Drive Repricing

Analysts have trimmed their average price target on Embraer by R$4, reflecting updated models that incorporate a slightly higher discount rate, modestly adjusted revenue growth and profit margin assumptions, and recent Street research. That research still cites attractive valuation and a record backlog as key supports for the stock.
BNBR3
R$108.22
Banco do Nordeste do Brasil
7D
-9.6%
1Y
14.5%
SANB11
R$27.17
Banco Santander (Brasil)
7D
1.7%
1Y
-9.9%
NATU3
R$9.20
Natura Cosméticos
7D
-6.1%
1Y
-11.4%