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

Brazilian (BOVESPA) Financials Sector Analysis

UpdatedJan 30, 2026
DataAggregated Company Financials
Companies36
  • 7D5.6%
  • 3M20.1%
  • 1Y45.0%
  • YTD15.7%

Over the last 7 days, the Financials industry has risen 5.6%, driven by gains in Banco BTG Pactual and Banco do Brasil of 4.6% and 8.7%, respectively. In the last 12 months, the industry was up 45%. 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, 31 Jan 2026R$1.8tR$501.9bR$161.5b9.1x10.9x3.5x
Mon, 29 Dec 2025R$1.5tR$517.3bR$165.1b8.5x9.2x2.9x
Wed, 26 Nov 2025R$1.5tR$517.2bR$165.2b8.2x9x2.9x
Fri, 24 Oct 2025R$1.4tR$522.8bR$162.0b7.4x8.7x2.7x
Sun, 21 Sep 2025R$1.4tR$521.6bR$161.9b7.8x8.8x2.7x
Tue, 19 Aug 2025R$1.4tR$520.3bR$161.5b7.3x8.5x2.6x
Thu, 17 Jul 2025R$1.3tR$522.8bR$160.1b7.8x8.2x2.5x
Sat, 14 Jun 2025R$1.3tR$522.1bR$159.9b7.9x8.4x2.6x
Mon, 12 May 2025R$1.4tR$534.7bR$164.4b8.1x8.6x2.6x
Wed, 09 Apr 2025R$1.2tR$523.7bR$161.5b7.1x7.6x2.3x
Fri, 07 Mar 2025R$1.2tR$534.9bR$162.1b7.1x7.3x2.2x
Sun, 02 Feb 2025R$1.2tR$523.9bR$150.4b7.8x8.1x2.3x
Tue, 31 Dec 2024R$1.1tR$523.3bR$150.1b7x7.4x2.1x
Thu, 28 Nov 2024R$1.2tR$525.6bR$151.5b7.2x8.1x2.3x
Sat, 26 Oct 2024R$1.3tR$509.6bR$145.2b7.9x8.6x2.5x
Mon, 23 Sep 2024R$1.3tR$509.6bR$145.2b8x8.8x2.5x
Wed, 21 Aug 2024R$1.4tR$519.1bR$146.5b8.2x9.3x2.6x
Fri, 19 Jul 2024R$1.2tR$509.3bR$143.1b7.8x8.6x2.4x
Sun, 16 Jun 2024R$1.2tR$512.5bR$143.2b7.9x8.3x2.3x
Tue, 14 May 2024R$1.2tR$511.2bR$141.8b8.4x8.8x2.4x
Thu, 11 Apr 2024R$1.3tR$500.8bR$138.2b8.7x9.2x2.6x
Sat, 09 Mar 2024R$1.3tR$501.2bR$138.7b9.8x9.4x2.6x
Mon, 05 Feb 2024R$1.3tR$508.1bR$139.7b10.4x9.3x2.6x
Wed, 03 Jan 2024R$1.3tR$508.3bR$139.8b10.2x9.5x2.6x
Fri, 01 Dec 2023R$1.3tR$508.3bR$139.8b9.6x8.9x2.5x
Sun, 29 Oct 2023R$1.1tR$505.3bR$138.3b8.4x8.3x2.3x
Tue, 26 Sep 2023R$1.1tR$504.7bR$139.0b8.5x8.1x2.2x
Thu, 24 Aug 2023R$1.2tR$503.6bR$139.1b8.6x8.4x2.3x
Sat, 22 Jul 2023R$1.2tR$506.8bR$139.7b9x8.9x2.4x
Mon, 19 Jun 2023R$1.2tR$506.5bR$139.6b9.2x8.7x2.4x
Wed, 17 May 2023R$1.1tR$506.3bR$140.5b8.7x8x2.2x
Fri, 14 Apr 2023R$1.1tR$518.4bR$136.9b8.5x7.7x2x
Sun, 12 Mar 2023R$997.4bR$509.0bR$135.9b8.8x7.3x2x
Tue, 07 Feb 2023R$1.0tR$503.9bR$137.3b9.2x7.5x2x
Price to Earnings Ratio

7.5x


Total Market Cap: R$1.0tTotal Earnings: R$137.3bTotal Revenue: R$503.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Financials Sector Price to Earnings3Y Average 8.5x202420252026
Current Industry PE
  • Investors are optimistic on the Brazilian Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 10.9x which is higher than its 3-year average PE of 8.5x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 5.5% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

BR Market4.05%
Financials5.57%
Banks6.50%
Capital Markets5.02%
Diversified Financial3.51%
Insurance0.67%
Mortgage REITs0%0
Consumer Finance0%0
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 16.6x.
    • Analysts expect its future annual earnings growth (12.3%) 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 5.5x.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 12% 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 4.7% 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
BPAC11 Banco BTG PactualR$60.974.6%
+R$13.0b		90.2%PE20.2x
BBAS3 Banco do BrasilR$25.508.7%
+R$11.7b		-7.7%PB0.8x
SANB11 Banco Santander (Brasil)R$36.955.1%
+R$6.7b		43.6%PB1.1x
B3SA3 B3 - Brasil Bolsa BalcãoR$16.686.8%
+R$5.4b		50.4%PE17.6x
PSSA3 Porto SeguroR$49.562.0%
+R$616.5m		24.2%PE9.9x

Latest News

BPAC11
R$60.97
Banco BTG Pactual
7D
4.6%
1Y
90.2%
B3SA3
R$16.68
B3 - Brasil Bolsa Balcão
7D
6.8%
1Y
50.4%

B3SA3: Share Buyback Renewal And Equity Swaps Will Support Balanced Outlook

Analysts have nudged their price target for B3, Brasil Bolsa Balcão, slightly higher to R$15.91, reflecting small adjustments to discount rate, expected revenue growth, profit margin and forward P/E assumptions in their models. What's in the News Board meeting scheduled for December 12, 2025, at 15:30 Coordinated Universal Time to review the current share buyback program, which is set to end on February 28, 2026 (Key Developments).
CXSE3
R$17.27
Caixa Seguridade Participações
7D
-0.6%
1Y
17.9%

CXSE3: Steady Outlook Will Rely On Margins And Earnings Multiple Stability

Analysts have trimmed their price target for Caixa Seguridade Participações to about R$18.43 from roughly R$19.07, citing updated assumptions for fair value, margins, and future P/E that slightly temper their outlook while keeping revenue expectations broadly similar. Valuation Changes Fair Value: Adjusted from R$19.07 to R$18.43, a small reduction in the estimated intrinsic value per share.
PSSA3
R$49.56
Porto Seguro
7D
2.0%
1Y
24.2%

PSSA3: Future Returns Will Balance Index Inclusion With Moderating Profitability Assumptions

Analysts have adjusted their price target for Porto Seguro to R$46.00, reflecting updated views on revenue growth, profit margin, and future P/E assumptions. What's in the News Porto Seguro S.A. was added to the Brazil IBRX 50 Index, which tracks 50 of the most traded stocks on the local market (Key Developments).
BBSE3
R$37.54
BB Seguridade Participações
7D
0.7%
1Y
-2.7%
SANB11
R$36.95
Banco Santander (Brasil)
7D
5.1%
1Y
43.6%
BIED3
R$5.10
Bahema Educação
7D
-10.5%
1Y
25.3%

Further Upside For Bahema Educação S.A. (BVMF:BIED3) Shares Could Introduce Price Risks After 35% Bounce

Jan 13
Further Upside For Bahema Educação S.A. (BVMF:BIED3) Shares Could Introduce Price Risks After 35% Bounce
BBAS3
R$25.50
Banco do Brasil
7D
8.7%
1Y
-7.7%
BNBR3
R$121.00
Banco do Nordeste do Brasil
7D
3.4%
1Y
23.7%
G2DI33
R$1.60
G2D Investments
7D
-1.2%
1Y
-12.6%
BAZA3
R$86.28
Banco da Amazônia
7D
10.9%
1Y
-4.1%
TRAD3
R$3.02
TC
7D
-12.5%
1Y
-50.1%
BEES3
R$8.14
Banestes - Banco do Estado do Espírito Santo
7D
-0.5%
1Y
8.3%
PPLA11
R$0.50
PPLA Participations
7D
-9.1%
1Y
-59.0%