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

Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies43
  • 7D-2.9%
  • 3M-11.1%
  • 1Y-2.7%
  • YTD-10.8%

Over the last 7 days, the Industrials industry has dropped 4.0%, driven by WEG declining 5.3%. Meanwhile, Azul actually outperformed within the industry, gaining 5.3% in the last week. Overall the industry is down 3.8% in 12 months. Looking forward, earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026R$412.6bR$347.3bR$18.3b9.6x22.5x1.2x
Mon, 04 May 2026R$449.0bR$342.2bR$19.1b12.6x23.5x1.3x
Wed, 01 Apr 2026R$480.3bR$344.6bR$18.0b11.5x26.7x1.4x
Fri, 27 Feb 2026R$505.9bR$341.2bR$18.3b11.8x27.7x1.5x
Sun, 25 Jan 2026R$496.3bR$344.8bR$18.4b11.5x27x1.4x
Tue, 23 Dec 2025R$471.5bR$344.8bR$18.4b10.2x25.6x1.4x
Thu, 20 Nov 2025R$447.8bR$346.8bR$19.0b11x23.5x1.3x
Sat, 18 Oct 2025R$416.3bR$340.1bR$20.2b9x20.6x1.2x
Mon, 15 Sep 2025R$436.6bR$343.5bR$21.0b9.1x20.8x1.3x
Wed, 13 Aug 2025R$429.7bR$340.3bR$20.2b9.4x21.3x1.3x
Fri, 11 Jul 2025R$450.3bR$335.3bR$17.5b9.1x25.7x1.3x
Sun, 08 Jun 2025R$466.2bR$336.0bR$16.6b9x28x1.4x
Tue, 06 May 2025R$429.6bR$306.8bR$14.8b9.3x29.1x1.4x
Thu, 03 Apr 2025R$445.2bR$326.4bR$16.4b8.4x27.2x1.4x
Sat, 01 Mar 2025R$457.3bR$323.2bR$17.1b8.1x26.8x1.4x
Mon, 27 Jan 2025R$489.1bR$313.7bR$18.5b8.1x26.4x1.6x
Wed, 25 Dec 2024R$475.9bR$313.7bR$18.5b8.2x25.7x1.5x
Fri, 22 Nov 2024R$514.8bR$313.6bR$18.5b9.4x27.8x1.6x
Sun, 20 Oct 2024R$503.4bR$295.8bR$16.5b11x30.6x1.7x
Tue, 17 Sep 2024R$499.2bR$295.8bR$16.5b12.2x30.3x1.7x
Thu, 15 Aug 2024R$491.2bR$295.3bR$18.5b14.3x26.5x1.7x
Sat, 13 Jul 2024R$463.2bR$282.7bR$18.4b11.8x25.2x1.6x
Mon, 10 Jun 2024R$405.6bR$297.5bR$18.6b12.9x21.9x1.4x
Wed, 08 May 2024R$426.6bR$288.1bR$17.0b12.1x25x1.5x
Fri, 05 Apr 2024R$435.5bR$287.0bR$17.2b11.6x25.4x1.5x
Sun, 03 Mar 2024R$422.0bR$293.3bR$16.6b10.4x25.3x1.4x
Tue, 30 Jan 2024R$412.3bR$292.2bR$15.5b11.1x26.6x1.4x
Thu, 28 Dec 2023R$446.3bR$292.2bR$15.5b11.8x28.8x1.5x
Sat, 25 Nov 2023R$418.9bR$292.7bR$16.0b11.9x26.2x1.4x
Mon, 23 Oct 2023R$388.5bR$285.9bR$15.3b12.4x25.4x1.4x
Wed, 20 Sep 2023R$427.8bR$285.9bR$15.3b12.9x28x1.5x
Fri, 18 Aug 2023R$428.1bR$285.9bR$15.6b12.3x27.5x1.5x
Sun, 16 Jul 2023R$425.6bR$274.4bR$15.0b12.7x28.4x1.6x
Tue, 13 Jun 2023R$439.0bR$273.8bR$15.2b13.2x28.9x1.6x
Price to Earnings Ratio

28.9x


Total Market Cap: R$439.0bTotal Earnings: R$15.2bTotal Revenue: R$273.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Brazilian Industrials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 22.3x which is lower than its 3-year average PE of 25.7x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 6.4% per year over the last three years.
  • Revenues for these companies have grown 8.3% 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 Industrials sector?

BR Market-2.80%
Industrials-2.90%
Industrials8.00%
Building0%0
Logistics0%0
Airlines0%0
Professional Services-1.35%
Aerospace & Defense-1.52%
Infrastructure-1.61%
Transportation-1.87%
Trade Distributors-2.38%
Construction-2.50%
Commercial Services-3.39%
Electrical-3.72%
Machinery-5.13%
Marine and Shipping-6.23%
Industry PE
  • Investors are most optimistic about the Marine and Shipping industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 37.2%, which is higher than its past year's earnings decline of 51.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Marine and Shipping industry, expecting annual earnings growth of 37% over the next 5 years.
  • This is better than its past earnings decline of 52% per year.
  • In contrast, the Trade Distributors industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
RAIL3 RumoR$13.941.6%
+R$408.3m		-26.9%PE24.9x
AZUL3 AzulR$21.401.4%
+R$109.8m		n/aPE1.7x
MILS3 Mills Locação Serviços e LogísticaR$15.260.4%
+R$13.6m		43.4%PE8.1x
AERI3 Aeris Indústria e Comércio de Equipamentos para Geração de EnergiaR$2.342.2%
+R$3.1m		-41.2%PS0.2x

Latest News

WEGE3
R$42.46
WEG
7D
-3.7%
1Y
-0.3%
Narrative Update • Jun 03

WEGE3: Higher Required Returns Will Pressure Already Stretched Share Pricing

Analysts trimmed their WEG price target slightly to R$37.30 from R$38.00, reflecting updated assumptions for revenue growth, profit margins, discount rate, and future P/E levels. What's in the News WEG S.A. held an Analyst/Investor Day, providing the market with updated information on the business and medium to long term priorities.
ECOR3
R$7.22
EcoRodovias Infraestrutura e Logística
7D
-4.1%
1Y
3.3%
Narrative Update • Jun 02

ECOR3: Stronger Margins And Lower Future P/E Will Support Upside

Analysts have kept their R$18.00 price target for EcoRodovias Infraestrutura e Logística unchanged. They point to slightly higher assumed discount rates, a more cautious view on revenue, and a modestly stronger profit margin with a lower future P/E in their refreshed models.
RAIL3
R$13.94
Rumo
7D
1.6%
1Y
-26.9%
Narrative Update • Jun 02

RAIL3: Dividend And Stronger Revenue Outlook Will Support Richer P/E Multiple

Analysts have trimmed their Rumo fair value estimate from R$24.00 to R$23.00, citing updated assumptions that include a different discount rate, higher projected revenue growth, lower profit margin expectations and a higher future P/E multiple. What's in the News Rumo S.A. declared an annual dividend of R$0.1084 per share.
MOTV3
R$13.96
Motiva Infraestrutura de Mobilidade
7D
-1.1%
1Y
4.6%
Narrative Update • Jun 02

MOTV3: April 2026 Meeting Will Support Stronger Future Returns

Analysts have trimmed their price target for Motiva Infraestrutura de Mobilidade from R$18.97 to R$18.35, citing slightly weaker revenue growth assumptions, partly offset by a modestly higher projected profit margin and a similar forward P/E multiple. What's in the News Motiva Infraestrutura de Mobilidade has scheduled a Special and Extraordinary Shareholders Meeting for April 15, 2026, according to company disclosures.
MILS3
R$15.26
Mills Locação Serviços e Logística
7D
0.4%
1Y
43.4%
Narrative Update • May 27

MILS3: Pending Loxam Takeover Will Likely Expose Overstretched Earnings Expectations

Analysts have revised their price target for Mills Locação Serviços e Logística from R$11.20 to R$12.80, reflecting updated assumptions on the discount rate, revenue growth, profit margins and future P/E levels. What's in the News Loxam SAS entered into a share purchase agreement to acquire a 50.30% stake in Mills Locação Serviços e Logística S.A. for BRL 1.8b at BRL 16 per share from the Nacht family, Southern Cross Group and Sullair Argentina S.A. on May 25, 2026, with the transaction subject to antitrust approval (Key Developments).
EMBJ3
R$72.33
Embraer
7D
-1.4%
1Y
12.1%
Narrative Update • May 26

EMBJ3: Backlog Delivery And 2026 Guidance Will Drive Repricing

Analysts have trimmed their average price target on Embraer by R$4, reflecting updated models that incorporate a slightly higher discount rate, modestly adjusted revenue growth and profit margin assumptions, and recent Street research. That research still cites attractive valuation and a record backlog as key supports for the stock.
ORVR3
R$77.90
Orizon Valorização de Resíduos
7D
-3.8%
1Y
46.4%
RENT3
R$40.58
Localiza Rent a Car
7D
-3.4%
1Y
-7.4%
Narrative Update • May 19

RENT3: Higher Future P/E And Margins Will Support Post Downgrade Rerating Potential

Analysts have nudged their fair value estimate for Localiza Rent a Car slightly higher to about R$59.28 per share. The new estimate reflects updated assumptions on discount rates, revenue growth, margins and future P/E, while remaining cautious following recent research commentary.
AERI3
R$2.34
Aeris Indústria e Comércio de Equipamentos para Geração de Energia
7D
2.2%
1Y
-41.2%
HBSA3
R$2.98
Hidrovias do Brasil
7D
-7.7%
1Y
-9.7%
Analysis Article • May 12

We Think That There Are Issues Underlying Hidrovias do Brasil's (BVMF:HBSA3) Earnings

Hidrovias do Brasil S.A. ( BVMF:HBSA3 ) announced strong profits, but the stock was stagnant. Our analysis suggests...
GGPS3
R$11.89
GPS Participações e Empreendimentos
7D
-2.6%
1Y
-12.7%
AZUL3
R$21.40
Azul
7D
1.4%
1Y
n/a