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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies45
  • 7D-0.6%
  • 3M17.0%
  • 1Y14.7%
  • YTD10.8%

Last week, the Industrials industry hasn't moved much but Azul is up 16% in that time. The past year has been better, since the industry has gained 15% in that time. As for the next few years, earnings are expected to grow by 22% per annum.

Sector Valuation and Performance

Has the Brazilian Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026R$517.5bR$341.8bR$18.4b11.7x28.1x1.5x
Thu, 22 Jan 2026R$461.6bR$344.8bR$18.4b10.9x25.1x1.3x
Sat, 20 Dec 2025R$465.6bR$344.8bR$18.4b10.8x25.3x1.4x
Mon, 17 Nov 2025R$457.7bR$343.9bR$20.0b10.5x22.8x1.3x
Wed, 15 Oct 2025R$403.4bR$340.1bR$20.2b8.9x20x1.2x
Fri, 12 Sep 2025R$439.0bR$343.5bR$21.0b9.2x20.9x1.3x
Sun, 10 Aug 2025R$434.7bR$335.9bR$20.0b9.2x21.7x1.3x
Tue, 08 Jul 2025R$470.2bR$335.3bR$17.5b9.1x26.9x1.4x
Thu, 05 Jun 2025R$476.7bR$336.0bR$16.6b9.2x28.7x1.4x
Sat, 03 May 2025R$465.6bR$328.5bR$16.0b9.6x29x1.4x
Mon, 31 Mar 2025R$448.9bR$326.4bR$16.6b8.2x27x1.4x
Wed, 26 Feb 2025R$463.7bR$315.0bR$17.7b8x26.2x1.5x
Fri, 24 Jan 2025R$484.9bR$313.7bR$18.5b8.1x26.1x1.5x
Sun, 22 Dec 2024R$482.6bR$313.7bR$18.5b8.2x26x1.5x
Tue, 19 Nov 2024R$512.1bR$313.5bR$18.7b9.3x27.4x1.6x
Thu, 17 Oct 2024R$516.7bR$295.8bR$16.5b11.2x31.4x1.7x
Sat, 14 Sep 2024R$503.9bR$295.8bR$16.5b12.2x30.6x1.7x
Mon, 12 Aug 2024R$497.6bR$289.9bR$19.2b11.8x25.9x1.7x
Wed, 10 Jul 2024R$450.0bR$282.7bR$18.4b11.5x24.5x1.6x
Fri, 07 Jun 2024R$409.2bR$297.5bR$18.6b12.4x22x1.4x
Sun, 05 May 2024R$427.9bR$287.7bR$17.3b12.2x24.7x1.5x
Tue, 02 Apr 2024R$433.7bR$287.0bR$17.1b11.8x25.3x1.5x
Thu, 29 Feb 2024R$424.3bR$293.4bR$16.7b10.3x25.4x1.4x
Sat, 27 Jan 2024R$415.2bR$292.2bR$15.5b11.1x26.8x1.4x
Mon, 25 Dec 2023R$445.9bR$292.2bR$15.5b11.9x28.8x1.5x
Wed, 22 Nov 2023R$417.8bR$292.0bR$16.0b12.3x26.2x1.4x
Fri, 20 Oct 2023R$390.2bR$285.9bR$15.3b12.4x25.5x1.4x
Sun, 17 Sep 2023R$430.2bR$285.9bR$15.3b13.4x28.1x1.5x
Tue, 15 Aug 2023R$445.2bR$284.1bR$16.4b12.5x27.2x1.6x
Thu, 13 Jul 2023R$430.5bR$274.4bR$15.0b12.6x28.7x1.6x
Sat, 10 Jun 2023R$439.0bR$273.8bR$15.2b13.3x28.9x1.6x
Mon, 08 May 2023R$412.0bR$267.8bR$15.8b11x26.1x1.5x
Wed, 05 Apr 2023R$403.1bR$263.9bR$18.3b9.6x22x1.5x
Fri, 03 Mar 2023R$389.5bR$248.8bR$18.6b9.7x21x1.6x
Price to Earnings Ratio

21x


Total Market Cap: R$389.5bTotal Earnings: R$18.6bTotal Revenue: R$248.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.5x202420252026
Current Industry PE
  • Investors are optimistic on the Brazilian Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 28.1x which is higher than its 3-year average PE of 25.5x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 11% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Brazilian Industrials sector?

BR Market1.18%
Industrials-0.62%
Professional Services5.23%
Construction5.01%
Machinery3.48%
Trade Distributors3.10%
Commercial Services2.89%
Infrastructure2.08%
Marine and Shipping1.89%
Transportation0.99%
Aerospace & Defense0.88%
Building0.61%
Logistics0%0
Airlines0%0
Industrials-1.31%
Electrical-3.40%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 16.4x.
    • Analysts are expecting annual earnings growth of 24.4%, which is higher than its past year's earnings growth of 12.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Transportation industry, expecting annual earnings growth of 45% over the next 5 years.
  • This is better than its past earnings growth rate of 5.5% per year.
  • In contrast, the Professional Services industry is expected to see its earnings decline 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
AZUL53 AzulR$0.000234.4%
+R$10.8b		n/aPS0.6x
RAIL3 RumoR$17.165.7%
+R$1.7b		-4.6%PE85.2x
MOTV3 Motiva Infraestrutura de MobilidadeR$17.003.8%
+R$1.3b		39.9%PE11.8x
EMBJ3 EmbraerR$94.301.6%
+R$1.0b		55.6%PE38.2x
RENT3 Localiza Rent a CarR$52.051.2%
+R$668.6m		83.7%PE32.2x

Latest News

MOTV3
R$17.00
Motiva Infraestrutura de Mobilidade
7D
3.8%
1Y
39.9%
AZUL53
R$0.00023
Azul
7D
4.4%
1Y
n/a
VAMO3
R$4.82
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
10.3%
1Y
12.6%

VAMO3: Index Inclusion Will Support Future Upside Potential

Analysts have modestly adjusted their price target on Vamos Locação de Caminhões Máquinas e Equipamentos, keeping fair value at R$7.00 while fine tuning assumptions around discount rate, revenue growth, profit margin and future P/E to reflect updated expectations for the business. What's in the News Vamos Locação de Caminhões, Máquinas e Equipamentos S.A. was added to the Brazil Valor BM&FBOVESPA Index, which may put the shares on the radar of index-tracked funds and benchmark-focused investors (Key Developments).
RAIL3
R$17.16
Rumo
7D
5.7%
1Y
-4.6%

RAIL3: Freight Price Pressure Will Eventually Support Higher Earnings Multiple

Rumo's analyst price target has been reiterated at R$25.00, with analysts pointing to slightly stronger assumptions for revenue growth, profit margins and forward P/E, while still flagging near term freight price pressure as a key watchpoint. Analyst Commentary JPMorgan has resumed coverage of Rumo with a Neutral rating and a R$20 price target, highlighting that freight pricing remains a near term pressure point.
RENT3
R$52.05
Localiza Rent a Car
7D
1.2%
1Y
83.7%

RENT3: Share Structure Changes Will Support Future Upside Potential

Analysts have nudged their price target for Localiza Rent a Car slightly lower to R$67.55 from R$67.65, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E that fine tune rather than overhaul their prior view. What’s in the News Localiza Rent a Car S.A. is scheduled to hold a special and extraordinary shareholders meeting on December 29, 2025, to vote on creating voting preferred shares that are convertible into common shares and redeemable by the company, and on a share capital increase via a bonus in preferred shares through capitalization of profit reserves, along with other agenda items (Key Developments).
EMBJ3
R$94.30
Embraer
7D
1.6%
1Y
55.6%

EMBJ3: Higher Discounting Assumptions And India Expansion Will Shape Measured Outlook

Analysts lifted their fair value estimate for Embraer to R$93.97 from R$92.77, citing updated views on discount rates, revenue growth, profit margins and future P/E assumptions reflected in recent price target revisions, such as the BofA increase. Analyst Commentary Bullish Takeaways Bullish analysts view the higher fair value estimate of R$93.97 as better aligned with recent price target revisions, including the US$10 increase highlighted in recent research.
WEGE3
R$51.41
WEG
7D
-4.4%
1Y
-1.9%

WEGE3: Tariff And Renewables Risks Will Pressure Overvalued Shares

Analysts have raised their price target on WEG to R$55, citing what they view as overly cautious market sentiment on tariffs and renewables orders, along with Street models for 2026-27 EBITDA that they estimate are roughly 7% below their own projections. Analyst Commentary Even with the new R$55 price target, there is still a split in how analysts see the risk and reward for WEG.
GGPS3
R$19.50
GPS Participações e Empreendimentos
7D
4.3%
1Y
46.0%

GGPS3: Future Stock Split Will Support Stronger Returns

Analysts have raised their price target on GPS Participações e Empreendimentos to R$22.97 from R$22.36, citing updated assumptions that include a slightly lower discount rate, modest adjustments to revenue growth and profit margin expectations, and a higher future P/E multiple. What's in the News GPS Participações e Empreendimentos approved a stock split or significant stock dividend with a 1.107384148 for 1 ratio, scheduled for December 17, 2025 (Key Developments).
AMBP3
R$0.26
Ambipar Participações e Empreendimentos
7D
-3.7%
1Y
-97.8%

AMBP3: Steady Cash Flow Assumptions Will Support Rebound Toward R$12 Fair Value

Analysts kept Ambipar Participações e Empreendimentos' fair value estimate steady at US$12.00 per share. A slightly lower discount rate and a marginally reduced future P/E assumption led them to refine their pricing framework without changing the overall target level.
MOVI3
R$14.83
Movida Participações
7D
12.2%
1Y
305.2%

Investors Still Aren't Entirely Convinced By Movida Participações S.A.'s (BVMF:MOVI3) Revenues Despite 33% Price Jump

Jan 28
Investors Still Aren't Entirely Convinced By Movida Participações S.A.'s (BVMF:MOVI3) Revenues Despite 33% Price Jump
NORD3
R$4.10
Nordon Indústrias Metalúrgicas S/A
7D
-8.9%
1Y
-28.3%
CTAX3
R$0.82
Contax Participações
7D
-1.2%
1Y
-27.4%

Does Contax Participações (BVMF:CTAX3) Have A Healthy Balance Sheet?

Jan 03
Does Contax Participações (BVMF:CTAX3) Have A Healthy Balance Sheet?
SEQL3
R$0.39
Sequoia Logística e Transportes
7D
-30.4%
1Y
-98.3%
AERI3
R$2.83
Aeris Indústria e Comércio de Equipamentos para Geração de Energia
7D
-5.4%
1Y
-34.8%

Revenues Working Against Aeris Indústria e Comércio de Equipamentos para Geração de Energia S.A.'s (BVMF:AERI3) Share Price

Dec 12
Revenues Working Against Aeris Indústria e Comércio de Equipamentos para Geração de Energia S.A.'s (BVMF:AERI3) Share Price