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Brazilian (BOVESPA) Financials Sector Analysis

UpdatedSep 27, 2025
DataAggregated Company Financials
Companies37
  • 7D-0.2%
  • 3M4.8%
  • 1Y11.1%
  • YTD30.3%

In the last week, the Financials industry is flat overall, with B3 - Brasil Bolsa Balcão standing out by going down 3.2%. As for the the longer term, the industry is up 11% over the past 12 months. Looking forward, earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

Has the Brazilian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Sep 2025R$1.4tR$521.6bR$161.8b7.7x8.8x2.7x
Mon, 25 Aug 2025R$1.3tR$521.3bR$161.9b7.3x8.3x2.6x
Wed, 23 Jul 2025R$1.3tR$523.1bR$160.1b7.6x8x2.5x
Fri, 20 Jun 2025R$1.4tR$522.1bR$159.9b7.9x8.6x2.6x
Sun, 18 May 2025R$1.4tR$533.5bR$160.8b8x8.7x2.6x
Tue, 15 Apr 2025R$1.3tR$523.2bR$161.2b7.6x7.8x2.4x
Thu, 13 Mar 2025R$1.2tR$534.9bR$162.1b7.2x7.3x2.2x
Sat, 08 Feb 2025R$1.2tR$541.8bR$156.8b7.4x7.8x2.3x
Mon, 06 Jan 2025R$1.1tR$523.5bR$150.2b6.7x7.2x2.1x
Wed, 04 Dec 2024R$1.1tR$525.7bR$151.5b7x7.5x2.2x
Fri, 01 Nov 2024R$1.2tR$511.8bR$146.1b8x8.5x2.4x
Sun, 29 Sep 2024R$1.3tR$509.6bR$145.2b8.1x8.8x2.5x
Tue, 27 Aug 2024R$1.3tR$519.5bR$147.0b8.5x9.2x2.6x
Thu, 25 Jul 2024R$1.2tR$509.3bR$143.1b7.7x8.5x2.4x
Sat, 22 Jun 2024R$1.2tR$509.3bR$143.1b8x8.4x2.4x
Mon, 20 May 2024R$1.3tR$512.7bR$143.2b8.3x8.9x2.5x
Wed, 17 Apr 2024R$1.2tR$500.4bR$138.2b8.5x9x2.5x
Fri, 15 Mar 2024R$1.3tR$501.2bR$138.7b9.6x9.5x2.6x
Sun, 11 Feb 2024R$1.3tR$491.7bR$143.6b10.1x9.1x2.6x
Tue, 09 Jan 2024R$1.3tR$508.3bR$139.8b10x9.5x2.6x
Thu, 07 Dec 2023R$1.3tR$508.3bR$139.8b9.7x9x2.5x
Sat, 04 Nov 2023R$1.2tR$505.2bR$138.3b8.6x8.4x2.3x
Mon, 02 Oct 2023R$1.1tR$504.7bR$139.0b8.5x8.1x2.2x
Wed, 30 Aug 2023R$1.2tR$503.6bR$139.1b8.8x8.4x2.3x
Fri, 28 Jul 2023R$1.2tR$506.0bR$137.2b9.1x8.8x2.4x
Sun, 25 Jun 2023R$1.2tR$506.8bR$139.7b9.1x8.7x2.4x
Tue, 23 May 2023R$1.1tR$506.7bR$140.5b8.7x8x2.2x
Thu, 20 Apr 2023R$1.0tR$518.4bR$136.9b8.4x7.7x2x
Sat, 18 Mar 2023R$968.1bR$504.6bR$136.2b8.7x7.1x1.9x
Mon, 13 Feb 2023R$1.0tR$550.9bR$202.2b9.3x5.1x1.9x
Wed, 11 Jan 2023R$1.1tR$495.6bR$140.1b9.3x7.6x2.2x
Fri, 09 Dec 2022R$1.0tR$496.2bR$140.3b9.3x7.3x2.1x
Sun, 06 Nov 2022R$1.2tR$485.5bR$132.5b11.1x9.1x2.5x
Tue, 04 Oct 2022R$1.2tR$487.7bR$133.7b11.4x9x2.5x
Price to Earnings Ratio

9x


Total Market Cap: R$1.2tTotal Earnings: R$133.7bTotal Revenue: R$487.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Financials Sector Price to Earnings3Y Average 8.3x202320242025
Current Industry PE
  • Investors are relatively neutral on the Brazilian Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 8.3x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 6.6% per year over the last three years.
  • Revenues for these companies have grown 2.3% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Brazilian Financials sector?

BR Market-0.56%
Financials-0.16%
Diversified Financial3.73%
Capital Markets0.11%
Mortgage REITs0%0
Consumer Finance0%0
Banks-0.097%
Insurance-1.48%
Industry PE
  • Investors are most optimistic about the Capital Markets industry, which is trading close to its 3-year average PE ratio of 16.6x.
    • Analysts expect its future annual earnings growth (13.3%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 5.8x.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Insurance industry is expected to see its earnings grow by 5.2% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
BBAS3 Banco do BrasilR$22.112.3%
+R$2.8b		-18.9%PB0.7x
BPAC11 Banco BTG PactualR$48.041.2%
+R$2.6b		40.9%PE18.5x
CXSE3 Caixa Seguridade ParticipaçõesR$14.681.8%
+R$780.0m		-0.4%PE10.2x
BNBR3 Banco do Nordeste do BrasilR$100.553.7%
+R$350.4m		n/aPE3.7x
BRBI11 BRBI BR PartnersR$19.015.6%
+R$106.0m		24.2%PE11.1x

Latest News

BAZA3
R$75.70
Banco da Amazônia
7D
-2.6%
1Y
-17.8%
CXSE3
R$14.68
Caixa Seguridade Participações
7D
1.8%
1Y
-0.4%
BPAC11
R$48.04
Banco BTG Pactual
7D
1.2%
1Y
40.9%

Accelerating Digital Adoption Will Expand Latin American Markets

Banco BTG Pactual's consensus analyst price target saw a marginal increase to R$50.42, with both future P/E and revenue growth expectations remaining stable, indicating a steady fundamental outlook. Valuation Changes Summary of Valuation Changes for Banco BTG Pactual The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from R$49.50 to R$50.42.
BTAL11
R$79.98
FII Btg Pactual Agro Logistica
7D
0.09%
1Y
8.4%
BBAS3
R$22.11
Banco do Brasil
7D
2.3%
1Y
-18.9%

Digital Acceleration And ESG Finance Will Strengthen Banking Prospects

Despite a notable upgrade in revenue growth forecasts, a significant decrease in net profit margin has led analysts to slightly lower Banco do Brasil's fair value estimate from R$26.78 to R$26.25. What's in the News Board approved a 30% payout for 2025, to be distributed as interest on own capital and/or dividends.
B3SA3
R$13.22
B3 - Brasil Bolsa Balcão
7D
-3.2%
1Y
23.2%
BBSE3
R$32.45
BB Seguridade Participações
7D
-1.4%
1Y
-8.3%

Underserved Markets And Banco Do Brasil Access Will Boost Value

With both the Future P/E ratio and consensus revenue growth forecasts for BB Seguridade Participações remaining essentially unchanged, analysts have made only a marginal downward revision to the consensus fair value, now set at R$39.83. What's in the News Board meeting held to approve the appointment of Mr. Delano Valentim de Andrade as a member of the Board of Directors and Chief Executive Officer.
FAED11
R$151.00
Fundo de Investimento Imobiliário - FII Anhanguera Educacional
7D
2.2%
1Y
0.1%
PSSA3
R$48.86
Porto Seguro
7D
-5.5%
1Y
34.0%

Digital Transformation And Diversification Will Unlock Brazil Market Potential

Porto Seguro’s top valuation metrics—Future P/E and Net Profit Margin—remained virtually stable, supporting the marginal increase in the consensus analyst price target from R$54.60 to R$54.90. What's in the News Porto Seguro S.A. held a Board Meeting.
BEES3
R$8.15
Banestes - Banco do Estado do Espírito Santo
7D
-1.6%
1Y
0.2%
IRBR3
R$46.99
IRB-Brasil Resseguros
7D
-4.0%
1Y
3.2%
BNBR3
R$100.55
Banco do Nordeste do Brasil
7D
3.7%
1Y
n/a
TRAD3
R$4.92
TC
7D
-5.9%
1Y
0.4%
BRBI11
R$19.01
BRBI BR Partners
7D
5.6%
1Y
24.2%
WIZC3
R$8.21
Wiz Co Participações e Corretagem de Seguros
7D
-3.4%
1Y
41.3%
MOAR3
R$118.99
Monteiro Aranha
7D
7.2%
1Y
n/a