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Brazilian (BOVESPA) Banks Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies15
  • 7D-0.2%
  • 3M14.6%
  • 1Y40.7%
  • YTD14.9%

In the last week, the Banks industry is flat overall, with Banco Santander (Brasil) standing out by going down 6.5%. The past year has been better, since the industry has gained 41% in that time. As for the next few years, earnings are expected to grow by 9.4% per annum.

Industry Valuation and Performance

Has the Brazilian Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026R$1.2tR$377.8bR$127.5b8.3x9.1x3.1x
Tue, 06 Jan 2026R$1.0tR$393.3bR$125.4b7.9x8.4x2.7x
Thu, 04 Dec 2025R$1.1tR$393.3bR$125.4b7.9x8.5x2.7x
Sat, 01 Nov 2025R$986.6bR$399.2bR$126.0b7.4x7.8x2.5x
Mon, 29 Sep 2025R$967.3bR$399.4bR$124.8b7.3x7.8x2.4x
Wed, 27 Aug 2025R$913.4bR$399.4bR$124.8b6.4x7.3x2.3x
Fri, 25 Jul 2025R$874.5bR$405.3bR$125.9b5.6x6.9x2.2x
Sun, 22 Jun 2025R$923.7bR$403.1bR$125.7b6.1x7.3x2.3x
Tue, 20 May 2025R$961.9bR$407.7bR$126.3b6.3x7.6x2.4x
Thu, 17 Apr 2025R$860.7bR$406.2bR$127.4b6.1x6.8x2.1x
Sat, 15 Mar 2025R$835.0bR$417.2bR$127.0b6.3x6.6x2x
Mon, 10 Feb 2025R$831.4bR$425.3bR$123.2b6.1x6.8x2x
Wed, 08 Jan 2025R$761.6bR$407.4bR$116.7b6x6.5x1.9x
Fri, 06 Dec 2024R$801.7bR$407.4bR$116.7b6.2x6.9x2x
Sun, 03 Nov 2024R$856.0bR$405.1bR$115.1b7.6x7.4x2.1x
Tue, 01 Oct 2024R$895.3bR$397.0bR$112.7b7x7.9x2.3x
Thu, 29 Aug 2024R$922.0bR$397.0bR$112.7b7.1x8.2x2.3x
Sat, 27 Jul 2024R$843.6bR$388.7bR$108.8b7.7x7.8x2.2x
Mon, 24 Jun 2024R$810.4bR$388.7bR$108.8b7.5x7.5x2.1x
Wed, 22 May 2024R$846.9bR$389.0bR$108.8b7.6x7.8x2.2x
Fri, 19 Apr 2024R$826.1bR$378.6bR$105.4b8.5x7.8x2.2x
Sun, 17 Mar 2024R$878.9bR$379.0bR$105.7b8.8x8.3x2.3x
Tue, 13 Feb 2024R$868.2bR$368.5bR$110.4b9.2x7.9x2.4x
Thu, 11 Jan 2024R$891.6bR$365.1bR$108.1b9.5x8.2x2.4x
Sat, 09 Dec 2023R$863.2bR$365.0bR$108.1b9x8x2.4x
Mon, 06 Nov 2023R$780.2bR$363.6bR$108.3b8.5x7.2x2.1x
Wed, 04 Oct 2023R$749.5bR$363.0bR$109.0b8.3x6.9x2.1x
Fri, 01 Sep 2023R$781.1bR$363.1bR$109.2b8.5x7.2x2.2x
Sun, 30 Jul 2023R$813.1bR$363.9bR$109.9b9.1x7.4x2.2x
Tue, 27 Jun 2023R$829.3bR$364.7bR$112.5b8.3x7.4x2.3x
Thu, 25 May 2023R$764.6bR$364.6bR$112.4b7.4x6.8x2.1x
Sat, 22 Apr 2023R$714.9bR$380.0bR$111.0b7x6.4x1.9x
Mon, 20 Mar 2023R$662.9bR$381.9bR$112.0b6.8x5.9x1.7x
Wed, 15 Feb 2023R$722.2bR$378.8bR$113.5b7.5x6.4x1.9x
Price to Earnings Ratio

6.4x


Total Market Cap: R$722.2bTotal Earnings: R$113.5bTotal Revenue: R$378.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Banks Industry Price to Earnings3Y Average 7.4x202420252026
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 9.1x which is higher than its 3-year average PE of 7.4x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 5.1% 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 Market0.49%
Financials0.43%
Banks-0.19%
Diversified Banks-0.18%
Regional Banks-1.06%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 7.4x.
    • Analysts are expecting annual earnings growth of 9.4%, which is lower than the prior year's growth of 14.0% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 6.2x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 9.4% over the next 5 years.
  • However this is lower than its past earnings growth rate of 14% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 9.4% 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
BEES3 Banestes - Banco do Estado do Espírito SantoR$8.250.5%
+R$13.9m		10.8%PB1.2x

Latest News

SANB11
R$33.95
Banco Santander (Brasil)
7D
-6.5%
1Y
28.5%
BBAS3
R$24.33
Banco do Brasil
7D
-3.5%
1Y
-12.4%
BAZA3
R$85.43
Banco da Amazônia
7D
-1.3%
1Y
-5.9%
BEES3
R$8.25
Banestes - Banco do Estado do Espírito Santo
7D
0.5%
1Y
10.8%