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

Brazilian (BOVESPA) Capital Markets Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies12
  • 7D-1.3%
  • 3M8.7%
  • 1Y72.6%
  • YTD76.4%

Over the last 7 days, the Capital Markets industry has dropped 8.5%, driven by Banco BTG Pactual declining 8.7%. This takes the industry's 12 month performance to a gain of 69%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

Has the Brazilian Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025R$314.3bR$50.3bR$19.5b14.3x16.2x6.2x
Fri, 21 Nov 2025R$320.6bR$50.3bR$19.4b15.8x16.5x6.4x
Sun, 19 Oct 2025R$287.2bR$47.5bR$17.1b13.6x16.8x6x
Tue, 16 Sep 2025R$289.2bR$47.5bR$17.1b14.4x16.9x6.1x
Thu, 14 Aug 2025R$278.7bR$45.6bR$15.9b13.7x17.6x6.1x
Sat, 12 Jul 2025R$269.0bR$45.5bR$15.8b15.5x17x5.9x
Mon, 09 Jun 2025R$262.3bR$45.5bR$15.8b14.9x16.6x5.8x
Wed, 07 May 2025R$248.2bR$44.6bR$15.2b13.1x16.3x5.6x
Fri, 04 Apr 2025R$234.4bR$45.3bR$16.6b11.3x14.2x5.2x
Sun, 02 Mar 2025R$206.7bR$45.3bR$16.5b12x12.5x4.6x
Tue, 28 Jan 2025R$205.0bR$45.0bR$15.8b11.5x13x4.6x
Thu, 26 Dec 2024R$189.9bR$45.0bR$15.8b10.8x12x4.2x
Sat, 23 Nov 2024R$212.8bR$45.0bR$15.8b11x13.5x4.7x
Mon, 21 Oct 2024R$216.3bR$42.3bR$15.1b12.5x14.4x5.1x
Wed, 18 Sep 2024R$236.6bR$42.3bR$15.1b10.8x15.7x5.6x
Fri, 16 Aug 2024R$243.4bR$38.9bR$15.1b10.5x16.2x6.2x
Sun, 14 Jul 2024R$219.5bR$41.8bR$14.5b9.6x15.2x5.3x
Tue, 11 Jun 2024R$231.3bR$41.8bR$14.5b9.7x16x5.5x
Thu, 09 May 2024R$248.0bR$41.1bR$13.9b11x17.9x6x
Sat, 06 Apr 2024R$254.1bR$41.1bR$13.8b11.8x18.4x6.2x
Mon, 04 Mar 2024R$259.3bR$40.6bR$14.0b10.8x18.6x6.4x
Wed, 31 Jan 2024R$252.9bR$38.4bR$13.0b10x19.5x6.6x
Fri, 29 Dec 2023R$265.3bR$38.4bR$13.0b8.3x20.5x6.9x
Sun, 26 Nov 2023R$235.8bR$38.4bR$13.0b7.5x18.2x6.1x
Tue, 24 Oct 2023R$212.7bR$38.0bR$12.5b8.2x17x5.6x
Thu, 21 Sep 2023R$226.6bR$38.0bR$12.5b8.2x18.2x6x
Sat, 19 Aug 2023R$227.9bR$38.0bR$12.5b7.3x18.3x6x
Mon, 17 Jul 2023R$240.4bR$40.7bR$12.2b11.8x19.7x5.9x
Wed, 14 Jun 2023R$234.6bR$40.7bR$12.2b10x19.2x5.8x
Fri, 12 May 2023R$205.7bR$40.9bR$12.3b11.3x16.7x5x
Sun, 09 Apr 2023R$170.4bR$40.0bR$12.1b8.8x14x4.3x
Tue, 07 Mar 2023R$171.9bR$40.0bR$12.2b13.2x14.1x4.3x
Thu, 02 Feb 2023R$193.0bR$38.4bR$12.4b14.5x15.5x5x
Sat, 31 Dec 2022R$211.8bR$38.4bR$12.4b14.2x17x5.5x
Price to Earnings Ratio

17x


Total Market Cap: R$211.8bTotal Earnings: R$12.4bTotal Revenue: R$38.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Capital Markets Industry Price to Earnings3Y Average 16.5x202320242025
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 16.5x.
  • The 3-year average PS ratio of 5.6x is lower than the industry's current PS ratio of 6.3x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 9.4% 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-0.59%
Financials1.24%
Capital Markets-1.25%
Investment Banking and Brokerage4.87%
Diversified Capital Markets-1.21%
Financial Exchanges and Data-1.38%
Asset Management-4.75%
Industry PE
  • Investors are most optimistic about the Diversified Capital Markets industry, which is trading close to its 3-year average PE ratio of 16.4x.
    • Analysts are expecting annual earnings growth of 13.5%, which is lower than the prior year's growth of 28.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 29% per year.
  • In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 7.6% 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
BRBI11 BRBI BR PartnersR$19.002.2%
+R$42.0m		36.8%PE11.6x
BIED3 Bahema EducaçãoR$3.705.7%
+R$5.3m		-8.2%PS0.3x
FAED11 Fundo de Investimento Imobiliário - FII Anhanguera EducacionalR$153.913.8%
+R$3.9m		17.9%n/a
TRAD3 TCR$4.071.5%
+R$2.4m		-31.6%PS3.9x

Latest News

B3SA3
R$13.53
B3 - Brasil Bolsa Balcão
7D
-1.4%
1Y
31.9%

Risks To Shareholder Returns Are Elevated At These Prices For B3 S.A. - Brasil, Bolsa, Balcão (BVMF:B3SA3)

Dec 23
Risks To Shareholder Returns Are Elevated At These Prices For B3 S.A. - Brasil, Bolsa, Balcão (BVMF:B3SA3)
BPAC11
R$52.86
Banco BTG Pactual
7D
-1.2%
1Y
89.3%

BPAC11: Future Earnings Multiple Shift Will Shape Fair Value Outlook

Analysts have raised their price target for Banco BTG Pactual from approximately R$53.33 to R$58.00, citing slightly stronger expectations for revenue growth, profit margins, and a higher future price to earnings multiple. What's in the News Banco BTG Pactual has scheduled a Special and Extraordinary Shareholders Meeting for December 9, 2025, to address key corporate matters and potential governance decisions (company filing).
FAED11
R$153.91
Fundo de Investimento Imobiliário - FII Anhanguera Educacional
7D
3.8%
1Y
17.9%
BIED3
R$3.70
Bahema Educação
7D
5.7%
1Y
-8.2%
TRAD3
R$4.07
TC
7D
1.5%
1Y
-31.6%
BRBI11
R$19.00
BRBI BR Partners
7D
2.2%
1Y
36.8%
PABY11
R$11.00
Fundo de Investimento Imobiliário Panamby
7D
-0.09%
1Y
-4.0%
ADMF3
R$12.00
CIABRASF - Cia. Brasileira de Serviços Financeiros S/A
7D
-33.3%
1Y
n/a
PPLA11
R$0.77
PPLA Participations
7D
-1.3%
1Y
-46.5%