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Brazilian (BOVESPA) Capital Markets Industry Analysis
UpdatedApr 17, 2026
DataAggregated Company Financials
Companies11
- 7D2.2%
- 3M20.8%
- 1Y78.7%
- YTD28.3%
Over the last 7 days, the Capital Markets industry has risen 2.2%, driven by gains from Banco BTG Pactual of 2.5%. In the last 12 months, the industry was up 79%. Looking forward, earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the Brazilian Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 Apr 2026 | R$409.7b | R$51.9b | R$20.5b | 13.9x | 20x | 7.9x |
| Sun, 15 Mar 2026 | R$350.9b | R$52.3b | R$20.5b | 16.6x | 17.2x | 6.7x |
| Tue, 10 Feb 2026 | R$381.8b | R$50.3b | R$19.5b | 18.6x | 19.6x | 7.6x |
| Thu, 08 Jan 2026 | R$333.9b | R$50.3b | R$19.5b | 15.1x | 17.2x | 6.6x |
| Sat, 06 Dec 2025 | R$349.6b | R$50.3b | R$19.5b | 14.8x | 18x | 6.9x |
| Mon, 03 Nov 2025 | R$299.2b | R$47.6b | R$18.1b | 15.5x | 16.5x | 6.3x |
| Wed, 01 Oct 2025 | R$300.7b | R$47.5b | R$17.1b | 14.5x | 17.6x | 6.3x |
| Fri, 29 Aug 2025 | R$281.2b | R$47.5b | R$17.1b | 14.1x | 16.5x | 5.9x |
| Sun, 27 Jul 2025 | R$257.1b | R$45.5b | R$15.8b | 14.4x | 16.3x | 5.6x |
| Tue, 24 Jun 2025 | R$268.9b | R$45.5b | R$15.8b | 14.8x | 17x | 5.9x |
| Thu, 22 May 2025 | R$264.9b | R$45.5b | R$15.8b | 16x | 16.8x | 5.8x |
| Sat, 19 Apr 2025 | R$230.5b | R$44.6b | R$15.2b | 12.4x | 15.2x | 5.2x |
| Mon, 17 Mar 2025 | R$230.9b | R$45.3b | R$16.5b | 13.7x | 14x | 5.1x |
| Wed, 12 Feb 2025 | R$211.6b | R$45.2b | R$16.2b | 13.1x | 13.1x | 4.7x |
| Fri, 10 Jan 2025 | R$190.2b | R$45.1b | R$15.8b | 11.2x | 12x | 4.2x |
| Sun, 08 Dec 2024 | R$201.0b | R$47.0b | R$17.0b | 11.2x | 11.8x | 4.3x |
| Tue, 05 Nov 2024 | R$208.2b | R$42.3b | R$15.1b | 12.3x | 13.8x | 4.9x |
| Thu, 03 Oct 2024 | R$215.7b | R$42.3b | R$15.1b | 10.8x | 14.3x | 5.1x |
| Sat, 31 Aug 2024 | R$239.3b | R$42.3b | R$15.1b | 10.5x | 15.9x | 5.7x |
| Mon, 29 Jul 2024 | R$216.7b | R$41.8b | R$14.5b | 10.7x | 15x | 5.2x |
| Wed, 26 Jun 2024 | R$229.2b | R$41.8b | R$14.5b | 9.4x | 15.8x | 5.5x |
| Fri, 24 May 2024 | R$235.2b | R$42.1b | R$14.5b | 12.3x | 16.2x | 5.6x |
| Sun, 21 Apr 2024 | R$234.9b | R$41.1b | R$13.9b | 10.8x | 16.9x | 5.7x |
| Tue, 19 Mar 2024 | R$258.6b | R$40.6b | R$14.0b | 10.8x | 18.5x | 6.4x |
| Thu, 15 Feb 2024 | R$272.6b | R$40.7b | R$14.1b | 10.2x | 19.4x | 6.7x |
| Sat, 13 Jan 2024 | R$266.0b | R$38.4b | R$13.0b | 7.9x | 20.5x | 6.9x |
| Mon, 11 Dec 2023 | R$243.9b | R$38.4b | R$13.0b | 8x | 18.8x | 6.4x |
| Wed, 08 Nov 2023 | R$227.0b | R$38.0b | R$12.5b | 8.1x | 18.2x | 6x |
| Fri, 06 Oct 2023 | R$217.3b | R$38.0b | R$12.5b | 8.4x | 17.4x | 5.7x |
| Sun, 03 Sep 2023 | R$231.7b | R$38.0b | R$12.5b | 7.7x | 18.6x | 6.1x |
| Tue, 01 Aug 2023 | R$251.0b | R$40.7b | R$12.2b | 10.9x | 20.6x | 6.2x |
| Thu, 29 Jun 2023 | R$234.2b | R$40.7b | R$12.2b | 10.4x | 19.2x | 5.7x |
| Sat, 27 May 2023 | R$217.1b | R$40.7b | R$12.2b | 9.3x | 17.8x | 5.3x |
| Mon, 24 Apr 2023 | R$185.7b | R$40.0b | R$12.1b | 10.2x | 15.3x | 4.6x |
Price to Earnings Ratio
15.3x
Current Industry PE
- Investors are optimistic on the Brazilian Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 20.0x which is higher than its 3-year average PE of 16.8x.
- The 3-year average PS ratio of 5.9x is lower than the industry's current PS ratio of 7.9x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 19% per year over the last three years.
- Revenues for these companies have grown 9.1% 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 industry?
| BR Market | -0.63% | |
| Financials | 0.70% | |
| Capital Markets | 2.21% | |
| Diversified Capital Markets | 2.48% | |
| Financial Exchanges and Data | 1.38% | |
| Asset Management | 1.05% | |
| Investment Banking and Brokerage | -4.32% | |
Industry PE
- Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Investment Banking and Brokerage industry, which is trading below its 3-year average of 170x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 15% over the next 5 years.
- However this is lower than its past earnings growth rate of 35% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| BPAC11 Banco BTG Pactual | R$64.34 | 2.5% +R$7.5b | 85.3% | PE19.4x | |
| B3SA3 B3 - Brasil Bolsa Balcão | R$19.78 | 1.4% +R$1.4b | 62.4% | PE21.7x | |
| G2DI33 G2D Investments | R$1.40 | 4.5% +R$6.9m | -9.7% | PB0.3x | |
| FIGE3 Investimentos Bemge | R$33.33 | 1.2% +R$898.3k | 65.0% | PE5.2x | |
| PPLA11 PPLA Participations | R$0.60 | 11.1% +R$56.3k | -47.4% | PB70.4x |
