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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies45
  • 7D-3.1%
  • 3M9.2%
  • 1Y19.5%
  • YTD8.2%

Over the last 7 days, the Industrials industry has dropped 3.1%, driven by a pullback from WEG of 6.3%. In contrast, Azul has gained 11%. In the past year, the industry has gained 20%. Looking forward, earnings are forecast to grow by 21% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Mar 2026R$501.6bR$342.4bR$19.9b11.7x25.2x1.5x
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
Thu, 13 Apr 2023R$413.3bR$263.9bR$18.3b10.2x22.6x1.6x
Sat, 11 Mar 2023R$404.8bR$257.4bR$18.5b11x21.9x1.6x
Price to Earnings Ratio

21.9x


Total Market Cap: R$404.8bTotal Earnings: R$18.5bTotal Revenue: R$257.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.6x202420252026
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 25.6x.
  • 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 2.9% per year over the last three years.
  • Revenues for these companies have grown 10% 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-0.94%
Industrials-3.07%
Professional Services17.45%
Machinery2.98%
Marine and Shipping1.48%
Infrastructure0.86%
Industrials0.69%
Logistics0%0
Airlines0%0
Trade Distributors-1.07%
Construction-2.03%
Building-2.72%
Commercial Services-2.95%
Transportation-3.29%
Aerospace & Defense-3.33%
Electrical-4.40%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 16.8x.
    • 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 39% over the next 5 years.
  • This is better than its past earnings growth rate of 6.1% 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$0.0002311.0%
+R$1.3b		n/aPS0.6x
HBSA3 Hidrovias do BrasilR$4.161.0%
+R$54.4m		110.1%PS3.1x
IFCM3 Infracommerce CXaaSR$0.8530.8%
+R$24.3m		-96.5%PE1x
TPIS3 Triunfo Participações e InvestimentosR$6.722.1%
+R$6.1m		54.1%PS0.2x

Latest News

WEGE3
R$47.40
WEG
7D
-7.8%
1Y
-2.1%
RENT3
R$48.90
Localiza Rent a Car
7D
-6.1%
1Y
74.0%
GGPS3
R$18.02
GPS Participações e Empreendimentos
7D
-7.6%
1Y
48.4%

GGPS3: Upcoming Stock Split Will Support Improved Future Returns

Analysts have raised their price target for GPS Participações e Empreendimentos slightly, from R$22.97 to R$23.22, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News GPS Participações e Empreendimentos announced a stock split or significant stock dividend with a ratio of 1.107384148 to 1, dated December 17, 2025 (Key Developments).
MOTV3
R$15.77
Motiva Infraestrutura de Mobilidade
7D
-7.2%
1Y
34.8%

MOTV3: Lower Discount Rate And Stable Margins Will Support Balanced Return Outlook

Analysts have raised their price target for Motiva Infraestrutura de Mobilidade by R$0.50 to R$18.86, citing updated assumptions related to discount rates, revenue contraction, profit margins and forward P/E multiples. Valuation Changes Fair Value: R$18.36 to R$18.86, risen slightly on updated inputs.
AZUL53
R$0.00023
Azul
7D
11.0%
1Y
n/a
VAMO3
R$4.15
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
-13.9%
1Y
8.9%

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$15.47
Rumo
7D
-9.8%
1Y
-8.6%

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.
EMBJ3
R$91.71
Embraer
7D
-2.7%
1Y
31.5%

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.
TPIS3
R$6.72
Triunfo Participações e Investimentos
7D
2.1%
1Y
54.1%

Triunfo Participações e Investimentos' (BVMF:TPIS3) Returns On Capital Are Heading Higher

Jan 29
Triunfo Participações e Investimentos' (BVMF:TPIS3) Returns On Capital Are Heading Higher
SIMH3
R$11.66
SIMPAR
7D
-17.4%
1Y
86.9%

Investors Still Aren't Entirely Convinced By SIMPAR S.A.'s (BVMF:SIMH3) Revenues Despite 29% Price Jump

Jan 29
Investors Still Aren't Entirely Convinced By SIMPAR S.A.'s (BVMF:SIMH3) Revenues Despite 29% Price Jump
HBSA3
R$4.16
Hidrovias do Brasil
7D
1.0%
1Y
110.1%

Returns On Capital Signal Difficult Times Ahead For Hidrovias do Brasil (BVMF:HBSA3)

Jan 26
Returns On Capital Signal Difficult Times Ahead For Hidrovias do Brasil (BVMF:HBSA3)
IFCM3
R$0.85
Infracommerce CXaaS
7D
30.8%
1Y
-96.5%

Slammed 27% Infracommerce CXaaS S.A. (BVMF:IFCM3) Screens Well Here But There Might Be A Catch

Jan 26
Slammed 27% Infracommerce CXaaS S.A. (BVMF:IFCM3) Screens Well Here But There Might Be A Catch