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Brazilian (BOVESPA) Banks Industry Analysis
UpdatedMar 26, 2026
DataAggregated Company Financials
Companies15
- 7D1.6%
- 3M6.9%
- 1Y26.3%
- YTD7.5%
Over the last 7 days, the Banks industry has remained flat. The past year has been better, since the industry has gained 25% in that time. Earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Brazilian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 26 Mar 2026 | R$1.1t | R$384.3b | R$122.4b | 6.4x | 8.9x | 2.8x |
| Sat, 21 Feb 2026 | R$1.2t | R$397.0b | R$116.9b | 8.5x | 10.4x | 3.1x |
| Mon, 19 Jan 2026 | R$1.0t | R$388.3b | R$122.3b | 7.8x | 8.5x | 2.7x |
| Wed, 17 Dec 2025 | R$1.0t | R$393.3b | R$125.4b | 8x | 8.2x | 2.6x |
| Fri, 14 Nov 2025 | R$1.0t | R$399.5b | R$127.3b | 7.8x | 8.1x | 2.6x |
| Sun, 12 Oct 2025 | R$924.6b | R$399.6b | R$125.0b | 6.6x | 7.4x | 2.3x |
| Tue, 09 Sep 2025 | R$946.4b | R$399.4b | R$124.8b | 6.5x | 7.6x | 2.4x |
| Thu, 07 Aug 2025 | R$882.3b | R$411.6b | R$129.2b | 5.7x | 6.8x | 2.1x |
| Sat, 05 Jul 2025 | R$945.4b | R$405.0b | R$125.9b | 6.1x | 7.5x | 2.3x |
| Mon, 02 Jun 2025 | R$944.2b | R$404.1b | R$125.6b | 6.4x | 7.5x | 2.3x |
| Wed, 30 Apr 2025 | R$912.7b | R$406.2b | R$127.4b | 6.5x | 7.2x | 2.2x |
| Fri, 28 Mar 2025 | R$864.7b | R$417.2b | R$127.7b | 6.3x | 6.8x | 2.1x |
| Sun, 23 Feb 2025 | R$816.3b | R$417.3b | R$127.0b | 6.8x | 6.4x | 2x |
| Tue, 21 Jan 2025 | R$786.9b | R$407.4b | R$116.7b | 5.9x | 6.7x | 1.9x |
| Thu, 19 Dec 2024 | R$779.6b | R$407.4b | R$116.7b | 5.9x | 6.7x | 1.9x |
| Sat, 16 Nov 2024 | R$837.0b | R$403.4b | R$117.1b | 6.3x | 7.1x | 2.1x |
| Mon, 14 Oct 2024 | R$871.0b | R$397.0b | R$112.7b | 7.1x | 7.7x | 2.2x |
| Wed, 11 Sep 2024 | R$943.0b | R$397.0b | R$112.7b | 7.2x | 8.4x | 2.4x |
| Fri, 09 Aug 2024 | R$849.1b | R$396.0b | R$112.4b | 7.7x | 7.6x | 2.1x |
| Sun, 07 Jul 2024 | R$822.6b | R$388.7b | R$108.8b | 7.6x | 7.6x | 2.1x |
| Tue, 04 Jun 2024 | R$816.4b | R$388.9b | R$108.8b | 7.6x | 7.5x | 2.1x |
| Thu, 02 May 2024 | R$831.7b | R$380.6b | R$105.4b | 8.6x | 7.9x | 2.2x |
| Sat, 30 Mar 2024 | R$878.4b | R$379.0b | R$105.4b | 8.4x | 8.3x | 2.3x |
| Mon, 26 Feb 2024 | R$872.4b | R$377.3b | R$105.6b | 8.9x | 8.3x | 2.3x |
| Wed, 24 Jan 2024 | R$869.8b | R$365.1b | R$108.1b | 9.4x | 8x | 2.4x |
| Fri, 22 Dec 2023 | R$893.8b | R$365.0b | R$108.1b | 9.6x | 8.3x | 2.4x |
| Sun, 19 Nov 2023 | R$834.9b | R$361.6b | R$107.8b | 8x | 7.7x | 2.3x |
| Tue, 17 Oct 2023 | R$775.6b | R$363.0b | R$109.0b | 8.5x | 7.1x | 2.1x |
| Thu, 14 Sep 2023 | R$773.9b | R$363.1b | R$109.2b | 8.7x | 7.1x | 2.1x |
| Sat, 12 Aug 2023 | R$784.3b | R$362.8b | R$108.8b | 8.6x | 7.2x | 2.2x |
| Mon, 10 Jul 2023 | R$826.6b | R$364.7b | R$112.5b | 8.5x | 7.3x | 2.3x |
| Wed, 07 Jun 2023 | R$777.0b | R$364.2b | R$112.3b | 8.1x | 6.9x | 2.1x |
| Fri, 05 May 2023 | R$709.9b | R$367.6b | R$113.7b | 6.8x | 6.2x | 1.9x |
| Sun, 02 Apr 2023 | R$682.3b | R$380.0b | R$111.0b | 6.9x | 6.1x | 1.8x |
Price to Earnings Ratio
6.1x
Current Industry PE
- Investors are optimistic on the Brazilian Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 8.9x which is higher than its 3-year average PE of 7.6x.
- The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 3.3% 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 industry?
| BR Market | 2.34% | |
| Financials | 1.91% | |
| Banks | 1.62% | |
| Diversified Banks | 1.64% | |
| Regional Banks | -0.60% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 7.6x.
- Analysts are expecting annual earnings growth of 11.7%, which is lower than the prior year's growth of 16.9% per year.
- Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 6.1x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 12% over the next 5 years.
- However this is lower than its past earnings growth rate of 17% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BBAS3 Banco do Brasil | R$23.86 | 1.5% +R$2.0b | -16.8% | PB0.7x | |
| SANB11 Banco Santander (Brasil) | R$30.12 | 0.4% +R$485.6m | 9.8% | PB0.9x | |
| BEES3 Banestes - Banco do Estado do Espírito Santo | R$8.68 | 1.9% +R$55.6m | 12.3% | PB1.2x | |
| RPAD3 Alfa Holdings | R$5.60 | 3.7% +R$16.9m | 48.5% | PB0.5x |