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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies43
  • 7D3.9%
  • 3M7.8%
  • 1Y21.4%
  • YTD8.4%

The Industrials industry is up 3.6% in the last week, with WEG up 4.4%. This takes the industry's 12 month performance to a gain of 22%. 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
Fri, 10 Apr 2026R$500.5bR$342.4bR$19.2b13x26.1x1.5x
Sun, 08 Mar 2026R$463.9bR$342.8bR$19.1b10.9x24.3x1.4x
Tue, 03 Feb 2026R$505.0bR$344.8bR$18.4b11.8x27.5x1.5x
Thu, 01 Jan 2026R$465.4bR$344.8bR$18.4b10.6x25.3x1.3x
Sat, 29 Nov 2025R$458.3bR$348.0bR$19.1b11.1x24x1.3x
Mon, 27 Oct 2025R$432.3bR$340.6bR$20.2b9.2x21.4x1.3x
Wed, 24 Sep 2025R$443.3bR$343.5bR$21.0b9x21.1x1.3x
Fri, 22 Aug 2025R$416.7bR$343.2bR$20.8b8.9x20.1x1.2x
Sun, 20 Jul 2025R$443.7bR$335.4bR$17.5b8.7x25.4x1.3x
Tue, 17 Jun 2025R$474.5bR$335.3bR$17.5b9.7x27.1x1.4x
Thu, 15 May 2025R$458.5bR$335.2bR$16.9b9.3x27.1x1.4x
Sat, 12 Apr 2025R$447.5bR$326.4bR$15.8b8.7x28.2x1.4x
Mon, 10 Mar 2025R$460.4bR$324.6bR$17.1b8.4x26.9x1.4x
Wed, 05 Feb 2025R$480.5bR$313.7bR$18.5b8.1x25.9x1.5x
Fri, 03 Jan 2025R$468.0bR$313.7bR$18.5b8x25.2x1.5x
Sun, 01 Dec 2024R$495.8bR$313.6bR$18.6b8.7x26.7x1.6x
Tue, 29 Oct 2024R$503.1bR$295.8bR$16.4b10.8x30.6x1.7x
Thu, 26 Sep 2024R$507.0bR$295.8bR$16.5b11.4x30.8x1.7x
Sat, 24 Aug 2024R$508.4bR$295.7bR$16.4b11.9x30.9x1.7x
Mon, 22 Jul 2024R$461.9bR$282.7bR$18.4b11.3x25.1x1.6x
Wed, 19 Jun 2024R$398.9bR$297.4bR$18.5b11.5x21.5x1.3x
Fri, 17 May 2024R$431.8bR$296.8bR$18.0b11.8x24x1.5x
Sun, 14 Apr 2024R$429.1bR$287.3bR$17.7b11.4x24.2x1.5x
Tue, 12 Mar 2024R$424.6bR$282.9bR$16.8b11.2x25.3x1.5x
Thu, 08 Feb 2024R$398.4bR$290.6bR$15.3b10.2x26x1.4x
Sat, 06 Jan 2024R$432.7bR$292.2bR$15.5b11.3x27.9x1.5x
Mon, 04 Dec 2023R$427.1bR$292.0bR$16.0b12.3x26.7x1.5x
Wed, 01 Nov 2023R$385.8bR$286.3bR$15.5b12.2x24.9x1.3x
Fri, 29 Sep 2023R$420.0bR$285.9bR$15.3b12.5x27.4x1.5x
Sun, 27 Aug 2023R$438.1bR$285.9bR$15.3b12.8x28.6x1.5x
Tue, 25 Jul 2023R$458.4bR$275.3bR$15.5b12.9x29.7x1.7x
Thu, 22 Jun 2023R$431.1bR$274.3bR$15.0b12.7x28.7x1.6x
Sat, 20 May 2023R$426.8bR$274.2bR$22.8b12.3x18.8x1.6x
Mon, 17 Apr 2023R$409.8bR$263.9bR$18.3b10.3x22.5x1.6x
Price to Earnings Ratio

22.5x


Total Market Cap: R$409.8bTotal Earnings: R$18.3bTotal Revenue: R$263.9bTotal 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 9.1% 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 Market3.52%
Industrials3.91%
Aerospace & Defense5.40%
Electrical4.35%
Machinery4.18%
Commercial Services3.79%
Infrastructure3.55%
Transportation2.91%
Trade Distributors1.36%
Professional Services0.94%
Marine and Shipping0.49%
Building0%0
Industrials0%0
Logistics0%0
Airlines0%0
Construction-1.56%
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 30.5%, which is higher than its past year's earnings growth of 18.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Transportation industry, expecting annual earnings growth of 40% over the next 5 years.
  • This is better than its past earnings decline of 3.3% 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
WEGE3 WEGR$52.504.4%
+R$9.2b		16.4%PE34.5x
EMBJ3 EmbraerR$85.355.4%
+R$3.1b		40.6%PE30.8x
RENT3 Localiza Rent a CarR$50.045.0%
+R$2.6b		29.7%PE29.2x
MOTV3 Motiva Infraestrutura de MobilidadeR$16.703.2%
+R$1.0b		42.7%PE11.6x
ORVR3 Orizon Valorização de ResíduosR$78.656.4%
+R$456.6m		89.7%PE125.7x

Latest News

ECOR3
R$9.62
EcoRodovias Infraestrutura e Logística
7D
4.8%
1Y
58.5%
PTBL3
R$2.19
PBG
7D
-9.9%
1Y
-41.1%
VAMO3
R$4.00
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
8.4%
1Y
-17.9%

VAMO3: Higher Margin Outlook And Upcoming Meeting Will Support Future Upside

Analysts have slightly trimmed their price target for Vamos Locação de Caminhões Máquinas e Equipamentos to reflect a modestly lower fair value estimate of R$5.35, with updated assumptions showing adjusted revenue growth expectations, a somewhat higher profit margin profile, and a lower future P/E of around 11x helping to frame the new view. What's in the News Special and Extraordinary Shareholders Meeting scheduled for April 29, 2026.
RENT3
R$50.04
Localiza Rent a Car
7D
5.0%
1Y
29.7%

RENT3: Special Meeting And Stable R$70 Fair Value Will Support Upside

Analysts have kept their R$70.00 price target on Localiza Rent a Car unchanged, citing refreshed assumptions around the discount rate, revenue growth, profit margin, and future P/E that are broadly consistent with previous expectations. What's in the News Localiza Rent a Car has scheduled a Special and Extraordinary Shareholders Meeting for April 30, 2026.
HBSA3
R$3.99
Hidrovias do Brasil
7D
-1.0%
1Y
76.5%

Weather And Rail Risks Will Pressure Waterway Margins And Earnings Resilience

Catalysts About Hidrovias do Brasil Hidrovias do Brasil operates integrated waterway logistics corridors in Brazil and neighboring regions, handling bulk cargo such as grains, iron ore, fertilizers and salt. What are the underlying business or industry changes driving this perspective?
EMBJ3
R$85.35
Embraer
7D
5.4%
1Y
40.6%

EMBJ3: Record Backlog Execution And Improving Returns Will Support Future Rerating

Analysts have adjusted the fair value estimate for Embraer slightly higher to R$109.94 from R$108.78, citing updated models after the Q4 report, an attractive valuation relative to peers, higher growth potential, improving returns, and a record backlog, even as some firms have trimmed their headline price targets in recent weeks. Analyst Commentary Recent Street research around Embraer highlights a mix of target tweaks and updated models following the Q4 report, with several bullish analysts pointing to what they see as supportive fundamentals behind the current fair value range.
AMBP3
R$0.22
Ambipar Participações e Empreendimentos
7D
-8.3%
1Y
-98.3%
WEGE3
R$52.50
WEG
7D
4.4%
1Y
16.4%

WEGE3: Future Earnings Power To Be Tested After Neutral Downgrade

Analysts now see fair value for WEG at about R$54.26, up from roughly R$53.17. This reflects slightly softer revenue growth assumptions, a modestly higher long term profit margin, and a neutral stance following recent price target cuts tied to the Q4 miss and revised guidance.
MOVI3
R$12.69
Movida Participações
7D
-2.4%
1Y
119.2%
ORVR3
R$78.65
Orizon Valorização de Resíduos
7D
6.4%
1Y
89.7%

ORVR3: Future Upside Will Rely On Margins And Higher P/E

Analysts have kept their fair value estimate for Orizon Valorização de Resíduos steady at R$81.46. They point to only minor tweaks in the underlying discount rate, revenue growth and profit margin assumptions, as well as a slightly higher future P/E input.
GGPS3
R$16.61
GPS Participações e Empreendimentos
7D
2.0%
1Y
39.5%

GGPS3: Higher Future P/E And Stock Split Will Support Stronger Returns

Analysts have slightly trimmed their price target for GPS Participações e Empreendimentos from R$23.31 to R$23.01, reflecting updated assumptions on discount rates, profit margins and a higher future P/E multiple. Valuation Changes Fair Value: Trimmed slightly from R$23.31 to R$23.01.
MOTV3
R$16.70
Motiva Infraestrutura de Mobilidade
7D
3.2%
1Y
42.7%

MOTV3: Higher Future P/E And Governance Decisions Will Support Stronger Returns

Analysts have updated their view on Motiva Infraestrutura de Mobilidade with an unchanged fair value estimate at R$18.88. The estimate is now supported by adjusted assumptions that include a higher discount rate, a slightly higher revenue growth outlook, a marginally lower profit margin, and a higher future P/E multiple.
SEQL3
R$0.17
Sequoia Logística e Transportes
7D
-22.7%
1Y
-99.2%
KEPL3
R$8.22
Kepler Weber
7D
-0.2%
1Y
10.6%
AZUL53
R$0.0002
Azul
7D
-7.3%
1Y
n/a