Analysis Article • Feb 11
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Brazilian (BOVESPA) Capital Markets Industry Analysis
UpdatedMay 09, 2026
DataAggregated Company Financials
Companies10
- 7D-1.0%
- 3M-0.9%
- 1Y38.0%
- YTD16.8%
Over the last 7 days, the Capital Markets industry has dropped 1.0%, driven by a pullback from Banco BTG Pactual of 1.2%. This takes the industry's 12 month performance to a gain of 38%. 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 |
|---|---|---|---|---|---|---|
| Sun, 10 May 2026 | R$372.9b | R$52.4b | R$20.8b | 13x | 17.9x | 7.1x |
| Tue, 07 Apr 2026 | R$371.0b | R$51.9b | R$20.5b | 13.2x | 18.1x | 7.1x |
| Thu, 05 Mar 2026 | R$365.7b | R$52.3b | R$20.5b | 18.1x | 17.9x | 7x |
| Sat, 31 Jan 2026 | R$383.4b | R$50.3b | R$19.5b | 17.1x | 19.7x | 7.6x |
| Mon, 29 Dec 2025 | R$321.0b | R$50.3b | R$19.5b | 14.5x | 16.5x | 6.4x |
| Wed, 26 Nov 2025 | R$316.8b | R$50.3b | R$19.4b | 15.9x | 16.3x | 6.3x |
| Fri, 24 Oct 2025 | R$290.9b | R$47.5b | R$17.1b | 15.9x | 17.1x | 6.1x |
| Sun, 21 Sep 2025 | R$298.4b | R$47.5b | R$17.1b | 14.7x | 17.5x | 6.3x |
| Tue, 19 Aug 2025 | R$284.7b | R$47.5b | R$17.1b | 14.2x | 16.7x | 6x |
| Thu, 17 Jul 2025 | R$268.1b | R$45.5b | R$15.8b | 15.1x | 17x | 5.9x |
| Sat, 14 Jun 2025 | R$262.2b | R$45.5b | R$15.8b | 14.4x | 16.6x | 5.8x |
| Mon, 12 May 2025 | R$271.8b | R$44.8b | R$15.3b | 13.6x | 17.7x | 6.1x |
| Wed, 09 Apr 2025 | R$224.6b | R$45.3b | R$15.5b | 10.4x | 14.5x | 5x |
| Fri, 07 Mar 2025 | R$209.1b | R$45.3b | R$16.5b | 12.2x | 12.7x | 4.6x |
| Sun, 02 Feb 2025 | R$217.0b | R$45.0b | R$15.8b | 13.6x | 13.7x | 4.8x |
| Tue, 31 Dec 2024 | R$188.9b | R$44.4b | R$15.5b | 11.4x | 12.2x | 4.3x |
| Thu, 28 Nov 2024 | R$217.6b | R$46.9b | R$16.9b | 10.8x | 12.8x | 4.6x |
| Sat, 26 Oct 2024 | R$214.4b | R$42.3b | R$15.1b | 12.2x | 14.2x | 5.1x |
| Mon, 23 Sep 2024 | R$223.8b | R$42.3b | R$15.1b | 10.7x | 14.8x | 5.3x |
| Wed, 21 Aug 2024 | R$245.7b | R$42.3b | R$15.1b | 10.5x | 16.3x | 5.8x |
| Fri, 19 Jul 2024 | R$213.6b | R$41.8b | R$14.5b | 9.6x | 14.7x | 5.1x |
| Sun, 16 Jun 2024 | R$225.1b | R$41.8b | R$14.5b | 9.6x | 15.5x | 5.4x |
| Tue, 14 May 2024 | R$236.7b | R$42.0b | R$14.4b | 12.4x | 16.5x | 5.6x |
| Thu, 11 Apr 2024 | R$251.7b | R$41.1b | R$13.8b | 11.5x | 18.2x | 6.1x |
| Sat, 09 Mar 2024 | R$257.5b | R$40.6b | R$14.0b | 10.9x | 18.4x | 6.3x |
| Mon, 05 Feb 2024 | R$252.7b | R$38.4b | R$13.0b | 7.8x | 19.5x | 6.6x |
| Wed, 03 Jan 2024 | R$261.1b | R$38.4b | R$13.0b | 8.3x | 20.1x | 6.8x |
| Fri, 01 Dec 2023 | R$243.8b | R$38.4b | R$13.0b | 7.5x | 18.8x | 6.4x |
| Sun, 29 Oct 2023 | R$218.7b | R$38.0b | R$12.5b | 8.2x | 17.5x | 5.8x |
| Tue, 26 Sep 2023 | R$221.3b | R$38.0b | R$12.5b | 8.2x | 17.7x | 5.8x |
| Thu, 24 Aug 2023 | R$240.4b | R$38.0b | R$12.5b | 7.2x | 19.3x | 6.3x |
| Sat, 22 Jul 2023 | R$254.8b | R$40.7b | R$12.2b | 11.5x | 20.9x | 6.3x |
| Mon, 19 Jun 2023 | R$239.3b | R$40.7b | R$12.2b | 10.4x | 19.6x | 5.9x |
| Wed, 17 May 2023 | R$208.2b | R$41.0b | R$12.2b | 7.9x | 17.1x | 5.1x |
Price to Earnings Ratio
17.1x
Current Industry PE
- Investors are relatively neutral on the Brazilian Capital Markets 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 16.9x.
- The 3-year average PS ratio of 5.9x is lower than the industry's current PS ratio of 7.1x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 20% per year over the last three years.
- Revenues for these companies have grown 8.5% 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 | -1.57% | |
| Financials | -2.50% | |
| Capital Markets | -1.02% | |
| Investment Banking and Brokerage | 1.14% | |
| Financial Exchanges and Data | -0.56% | |
| Diversified Capital Markets | -1.16% | |
| Asset Management | -3.06% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 16.5x.
- Analysts are expecting annual earnings growth of 9.4%, which is higher than its past year's earnings growth of 4.7% per year.
- 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 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FAED11 Fundo de Investimento Imobiliário - FII Anhanguera Educacional | R$162.82 | 1.6% +R$1.8m | 17.0% | n/a |