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Brazilian (BOVESPA) Capital Markets Industry Analysis

UpdatedSep 27, 2025
DataAggregated Company Financials
Companies13
  • 7D0.1%
  • 3M9.4%
  • 1Y36.1%
  • YTD63.0%

The Capital Markets industry has been flat over the last week, but B3 - Brasil Bolsa Balcão has lost 3.2%. The past year has been better, since the industry has gained 36% in that time. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Sep 2025R$298.7bR$47.5bR$17.1b14.3x17.5x6.3x
Mon, 25 Aug 2025R$273.1bR$47.5bR$17.1b13.6x16x5.7x
Wed, 23 Jul 2025R$258.4bR$45.5bR$15.8b14.4x16.4x5.7x
Fri, 20 Jun 2025R$272.2bR$45.5bR$15.8b15.2x17.3x6x
Sun, 18 May 2025R$268.2bR$45.5bR$15.8b12.9x17x5.9x
Tue, 15 Apr 2025R$226.8bR$44.6bR$15.2b12.1x14.9x5.1x
Thu, 13 Mar 2025R$208.4bR$45.3bR$16.5b12.1x12.6x4.6x
Sat, 08 Feb 2025R$214.9bR$45.0bR$15.8b13.7x13.6x4.8x
Mon, 06 Jan 2025R$183.4bR$44.7bR$15.6b10.5x11.8x4.1x
Wed, 04 Dec 2024R$195.0bR$47.0bR$17.0b10.6x11.5x4.2x
Fri, 01 Nov 2024R$213.2bR$42.3bR$15.1b12.2x14.1x5x
Sun, 29 Sep 2024R$221.4bR$42.3bR$15.1b10.8x14.7x5.2x
Tue, 27 Aug 2024R$244.4bR$42.3bR$15.1b11x16.2x5.8x
Thu, 25 Jul 2024R$214.2bR$41.8bR$14.5b10.7x14.8x5.1x
Sat, 22 Jun 2024R$228.2bR$41.8bR$14.5b9.4x15.8x5.5x
Mon, 20 May 2024R$247.3bR$42.1bR$14.5b12.7x17.1x5.9x
Wed, 17 Apr 2024R$241.9bR$41.1bR$13.8b11x17.5x5.9x
Fri, 15 Mar 2024R$268.5bR$40.6bR$14.0b10.7x19.2x6.6x
Sun, 11 Feb 2024R$272.6bR$40.7bR$14.1b10.2x19.4x6.7x
Tue, 09 Jan 2024R$257.6bR$38.4bR$13.0b8.1x19.9x6.7x
Thu, 07 Dec 2023R$241.7bR$38.4bR$13.0b8x18.6x6.3x
Sat, 04 Nov 2023R$225.5bR$38.0bR$12.5b8.1x18.1x5.9x
Mon, 02 Oct 2023R$221.8bR$38.0bR$12.5b8.4x17.8x5.8x
Wed, 30 Aug 2023R$235.5bR$38.0bR$12.5b7.2x18.9x6.2x
Fri, 28 Jul 2023R$248.9bR$40.7bR$12.2b10.8x20.4x6.1x
Sun, 25 Jun 2023R$237.5bR$40.7bR$12.2b10.5x19.5x5.8x
Tue, 23 May 2023R$214.1bR$40.7bR$12.2b8.7x17.6x5.3x
Thu, 20 Apr 2023R$185.2bR$40.0bR$12.1b10.1x15.3x4.6x
Sat, 18 Mar 2023R$173.7bR$39.9bR$12.2b13.7x14.3x4.3x
Mon, 13 Feb 2023R$184.1bR$38.3bR$12.4b16x14.9x4.8x
Wed, 11 Jan 2023R$208.9bR$38.4bR$12.4b14x16.8x5.4x
Fri, 09 Dec 2022R$198.5bR$38.4bR$12.4b13.4x16x5.2x
Sun, 06 Nov 2022R$256.1bR$35.9bR$12.3b11.7x20.8x7.1x
Tue, 04 Oct 2022R$231.6bR$35.9bR$12.3b12.7x18.8x6.4x
Price to Earnings Ratio

18.8x


Total Market Cap: R$231.6bTotal Earnings: R$12.3bTotal Revenue: R$35.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Capital Markets Industry Price to Earnings3Y Average 16.6x202320242025
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 16.6x.
  • 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 12% per year over the last three years.
  • Revenues for these companies have grown 9.8% 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-0.56%
Financials-0.16%
Capital Markets0.11%
Investment Banking and Brokerage4.48%
Diversified Capital Markets1.16%
Asset Management-0.36%
Financial Exchanges and Data-3.23%
Industry PE
  • Investors are most optimistic about the Diversified Capital Markets industry which is trading above its 3-year average PE ratio of 16.4x.
    • Analysts are expecting annual earnings growth of 14.8%, which is higher than its past year's earnings growth of 13.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Capital Markets industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 8.3% 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
BPAC11 Banco BTG PactualR$48.041.2%
+R$2.6b		40.9%PE18.5x
BRBI11 BRBI BR PartnersR$19.015.6%
+R$106.0m		24.2%PE11.1x
FAED11 Fundo de Investimento Imobiliário - FII Anhanguera EducacionalR$151.002.2%
+R$2.2m		0.1%n/a
BTAL11 FII Btg Pactual Agro LogisticaR$79.980.09%
+R$418.8k		8.4%n/a

Latest News

BPAC11
R$48.04
Banco BTG Pactual
7D
1.2%
1Y
40.9%

Accelerating Digital Adoption Will Expand Latin American Markets

Banco BTG Pactual's consensus analyst price target saw a marginal increase to R$50.42, with both future P/E and revenue growth expectations remaining stable, indicating a steady fundamental outlook. Valuation Changes Summary of Valuation Changes for Banco BTG Pactual The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from R$49.50 to R$50.42.
BTAL11
R$79.98
FII Btg Pactual Agro Logistica
7D
0.09%
1Y
8.4%
B3SA3
R$13.22
B3 - Brasil Bolsa Balcão
7D
-3.2%
1Y
23.2%
PABY11
R$10.22
Fundo de Investimento Imobiliário Panamby
7D
-0.3%
1Y
-25.4%
FAED11
R$151.00
Fundo de Investimento Imobiliário - FII Anhanguera Educacional
7D
2.2%
1Y
0.1%
G2DI33
R$1.67
G2D Investments
7D
-2.9%
1Y
-25.8%
TRAD3
R$4.92
TC
7D
-5.9%
1Y
0.4%
BRBI11
R$19.01
BRBI BR Partners
7D
5.6%
1Y
24.2%
PPLA11
R$0.81
PPLA Participations
7D
-11.0%
1Y
-69.9%