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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies43
  • 7D1.3%
  • 3M-9.8%
  • 1Y8.8%
  • YTD-1.5%

Over the last 7 days, the Industrials industry has risen 1.3%, driven by gains from Embraer of 8.2%. This takes the industry's 12 month performance to a gain of 8.8%. As for the next few years, earnings are expected to grow by 21% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 May 2026R$454.7bR$344.1bR$18.6b11.5x24.4x1.3x
Mon, 06 Apr 2026R$481.6bR$342.0bR$18.2b11.6x26.5x1.4x
Wed, 04 Mar 2026R$497.9bR$342.4bR$18.4b11.1x27.1x1.5x
Fri, 30 Jan 2026R$508.7bR$344.8bR$18.4b11.7x27.7x1.5x
Sun, 28 Dec 2025R$468.9bR$344.8bR$18.4b10.5x25.5x1.4x
Tue, 25 Nov 2025R$442.8bR$347.2bR$19.1b11.1x23.2x1.3x
Thu, 23 Oct 2025R$422.8bR$340.1bR$20.2b9x21x1.2x
Sat, 20 Sep 2025R$441.7bR$343.5bR$21.0b9.1x21.1x1.3x
Mon, 18 Aug 2025R$424.2bR$338.0bR$20.7b9.1x20.4x1.3x
Wed, 16 Jul 2025R$444.3bR$335.3bR$17.5b8.8x25.4x1.3x
Fri, 13 Jun 2025R$470.2bR$336.0bR$16.6b9.5x28.3x1.4x
Sun, 11 May 2025R$448.8bR$332.6bR$17.1b9.3x26.2x1.3x
Tue, 08 Apr 2025R$435.1bR$326.4bR$16.4b8.3x26.6x1.3x
Thu, 06 Mar 2025R$453.9bR$324.6bR$17.1b8.1x26.6x1.4x
Sat, 01 Feb 2025R$492.9bR$313.7bR$18.5b8.2x26.6x1.6x
Mon, 30 Dec 2024R$473.0bR$313.7bR$18.5b8.2x25.5x1.5x
Wed, 27 Nov 2024R$505.5bR$313.6bR$18.6b9.5x27.2x1.6x
Fri, 25 Oct 2024R$505.8bR$295.8bR$16.5b11.2x30.7x1.7x
Sun, 22 Sep 2024R$488.5bR$295.8bR$16.5b11.5x29.7x1.7x
Tue, 20 Aug 2024R$489.1bR$288.6bR$15.1b13.4x32.5x1.7x
Thu, 18 Jul 2024R$466.5bR$282.7bR$18.4b11.9x25.4x1.7x
Sat, 15 Jun 2024R$402.2bR$297.4bR$18.5b11.4x21.7x1.4x
Mon, 13 May 2024R$420.7bR$354.7b-R$11,974,037,304.0011.1x-35.1x1.2x
Wed, 10 Apr 2024R$446.6bR$287.0bR$17.2b11.8x26x1.6x
Fri, 08 Mar 2024R$422.9bR$282.6bR$16.7b11.1x25.3x1.5x
Sun, 04 Feb 2024R$414.4bR$298.1bR$16.6b10.5x24.9x1.4x
Tue, 02 Jan 2024R$446.3bR$292.2bR$15.5b11.5x28.8x1.5x
Thu, 30 Nov 2023R$417.9bR$292.0bR$16.0b12.3x26.2x1.4x
Sat, 28 Oct 2023R$390.8bR$286.3bR$15.5b12.1x25.3x1.4x
Mon, 25 Sep 2023R$416.0bR$285.9bR$15.3b12.5x27.2x1.5x
Wed, 23 Aug 2023R$438.6bR$285.9bR$15.3b12.7x28.7x1.5x
Fri, 21 Jul 2023R$439.1bR$275.3bR$15.5b12.8x28.4x1.6x
Sun, 18 Jun 2023R$435.2bR$274.2bR$15.0b12.9x28.9x1.6x
Tue, 16 May 2023R$422.4bR$269.3bR$15.7b12x26.8x1.6x
Price to Earnings Ratio

26.8x


Total Market Cap: R$422.4bTotal Earnings: R$15.7bTotal Revenue: R$269.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the Brazilian Industrials 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 25.7x.
  • 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 grown 5.7% 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 Industrials sector?

BR Market-1.57%
Industrials1.33%
Transportation5.40%
Construction1.81%
Electrical1.47%
Marine and Shipping1.06%
Machinery0.35%
Building0%0
Logistics0%0
Airlines0%0
Infrastructure-0.53%
Commercial Services-0.94%
Trade Distributors-2.37%
Aerospace & Defense-4.18%
Industrials-7.04%
Professional Services-12.42%
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 37.1%, which is higher than its past year's earnings growth of 18.0% 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 growth rate of 18% per year.
  • In contrast, the Infrastructure industry is expected to see its earnings grow by 7.5% 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
EMBJ3 EmbraerR$83.328.2%
+R$4.4b		20.0%PE30.1x
AZUL3 AzulR$38.5020.9%
+R$2.4b		n/aPE112.5x
RAIL3 RumoR$16.293.6%
+R$1.0b		-15.2%PE35.7x
RENT3 Localiza Rent a CarR$46.351.0%
+R$481.8m		5.6%PE27.1x
ECOR3 EcoRodovias Infraestrutura e LogísticaR$9.224.9%
+R$299.1m		29.1%PE7.2x

Latest News

EMBJ3
R$83.32
Embraer
7D
8.2%
1Y
20.0%
MOVI3
R$11.70
Movida Participações
7D
-3.6%
1Y
52.3%
Analysis Article • May 08

Analysts Are Updating Their Movida Participações S.A. (BVMF:MOVI3) Estimates After Its First-Quarter Results

Shareholders might have noticed that Movida Participações S.A. ( BVMF:MOVI3 ) filed its first-quarter result this time...
HBSA3
R$3.46
Hidrovias do Brasil
7D
3.6%
1Y
17.3%
VAMO3
R$3.71
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
-6.3%
1Y
-18.5%
Narrative Update • May 07

VAMO3: Upcoming 2026 Shareholder Meeting Will Support Future Upside Potential

Analysts have made a slight adjustment to their price target for Vamos Locação de Caminhões Máquinas e Equipamentos. The update reflects revised assumptions regarding revenue growth, profit margins and a forward P/E of 13.23x, although the exact change in the R$ price target has not been specified.
ECOR3
R$9.22
EcoRodovias Infraestrutura e Logística
7D
4.9%
1Y
29.1%
Narrative Update • May 04

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

Analysts have raised their price target for EcoRodovias Infraestrutura e Logística from R$17.62 to about R$18.00, citing updated assumptions that include a smaller projected revenue decline, higher profit margin expectations, and a lower future P/E multiple. Valuation Changes Fair Value: from R$17.62 to R$18.00, reflecting a modest uplift in the central valuation estimate.
RENT3
R$46.35
Localiza Rent a Car
7D
1.0%
1Y
5.6%
Narrative Update • May 03

RENT3: Higher Future P/E And Margins Will Support Positive Rerating

Analysts now place Localiza Rent a Car's fair value at R$58.72, up from R$53.36. This reflects updated assumptions around a slightly lower discount rate, modestly adjusted revenue growth and profit margin expectations, and a higher future P/E multiple, even as some recent research such as the Goldman Sachs downgrade highlights more cautious views in the near term.
WEGE3
R$44.31
WEG
7D
-1.2%
1Y
5.0%
Narrative Update • May 02

WEGE3: Q4 Miss And Guidance Reset Will Support Long-Term Upside Potential

Analysts now see WEG's fair value holding at R$70.00, but the average price target edging down by R$1 to R$49.00 as they factor in the Q4 miss and softer guidance, along with slightly higher discount rates and adjusted growth and margin assumptions. Analyst Commentary The latest update from JPMorgan reflects how recent results and guidance are reshaping the way the market values WEG.
MOTV3
R$15.67
Motiva Infraestrutura de Mobilidade
7D
-2.1%
1Y
16.9%
VLID3
R$17.25
Valid Soluções
7D
-12.6%
1Y
-27.8%
ARML3
R$4.33
Armac Locação Logística e Serviços
7D
-9.2%
1Y
-4.4%
SIMH3
R$10.60
SIMPAR
7D
-3.8%
1Y
4.1%
TUPY3
R$14.48
Tupy
7D
3.3%
1Y
-26.9%
Narrative Update • Apr 28

TUPY3: Higher Future P E Multiple Will Support Bullish Repricing

Analysts have nudged their price target for Tupy slightly higher to R$30.58 from R$30.28, reflecting updated assumptions on revenue growth, profit margins, and a higher future P/E multiple. Valuation Changes Fair Value: R$30.28 to R$30.58, a small upward revision in the modelled estimate.
ORVR3
R$79.99
Orizon Valorização de Resíduos
7D
-1.9%
1Y
66.5%
Narrative Update • Apr 28

ORVR3: Future Returns Will Rely On Biomethane Expansion And Margin Resilience

Analysts have lifted their price target for Orizon Valorização de Resíduos from roughly R$86.02 to about R$89.85, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E, which adjust their view of the company’s valuation profile. What's in the News Orizon Valorização de Resíduos inaugurated a new biomethane plant at Ecoparque Jaboatão in Pernambuco, Brazil, supported by a complete biogas upgrading system supplied by Greenlane and total investment of BRL 258 million (Key Developments).
GGPS3
R$15.23
GPS Participações e Empreendimentos
7D
1.0%
1Y
11.3%
Narrative Update • Apr 27

GGPS3: Higher Future P/E Will Support Upside Despite Slight Fair Value Trim

Analysts have adjusted their price target for GPS Participações e Empreendimentos slightly lower from R$23.01 to R$22.63, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E levels. Valuation Changes Fair Value: Adjusted slightly lower from R$23.01 to R$22.63.
RAIL3
R$16.29
Rumo
7D
3.6%
1Y
-15.2%
Narrative Update • Apr 21

RAIL3: Future Dividend Policy Will Support Stronger Profitability Outlook

Analysts have trimmed their price target on Rumo slightly from R$19.93 to R$19.67, reflecting updated views on modestly different revenue growth, profit margin and discount rate assumptions while keeping future P/E expectations broadly in line. What's in the News Rumo plans an annual dividend of R$0.1084 per share, with payment scheduled for November 30, 2026 (Key Developments).
AZUL3
R$38.50
Azul
7D
20.9%
1Y
n/a