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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies44
  • 7D0.3%
  • 3M-0.7%
  • 1Y8.3%
  • YTD-0.07%

Over the last 7 days, the Industrials industry has risen 3.1%, driven by gains from Azul of 38%. Meanwhile, Embraer actually underperformed within the industry, shrinking 5.1% in the last week. This means that the industry has gained 11% over the past year. 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
Tue, 31 Mar 2026R$462.3bR$344.6bR$18.0b11.2x25.7x1.3x
Thu, 26 Feb 2026R$516.6bR$341.8bR$18.4b12x28.1x1.5x
Sat, 24 Jan 2026R$488.9bR$344.8bR$18.4b11.5x26.6x1.4x
Mon, 22 Dec 2025R$471.4bR$344.8bR$18.4b10.8x25.6x1.4x
Wed, 19 Nov 2025R$448.7bR$346.6bR$19.6b11.1x22.9x1.3x
Fri, 17 Oct 2025R$407.0bR$340.1bR$20.2b9.1x20.2x1.2x
Sun, 14 Sep 2025R$436.6bR$343.5bR$21.0b9.1x20.8x1.3x
Tue, 12 Aug 2025R$428.4bR$336.1bR$20.1b9.2x21.3x1.3x
Thu, 10 Jul 2025R$453.4bR$335.3bR$17.5b8.9x25.9x1.4x
Sat, 07 Jun 2025R$466.2bR$336.0bR$16.6b9x28x1.4x
Mon, 05 May 2025R$438.4bR$306.8bR$14.8b9.4x29.7x1.4x
Wed, 02 Apr 2025R$444.1bR$326.5bR$16.5b8.5x26.9x1.4x
Fri, 28 Feb 2025R$447.2bR$317.2bR$17.6b8.1x25.4x1.4x
Sun, 26 Jan 2025R$489.1bR$313.7bR$18.5b8.1x26.4x1.6x
Tue, 24 Dec 2024R$482.6bR$313.7bR$18.5b8.2x26x1.5x
Thu, 21 Nov 2024R$514.8bR$313.6bR$18.5b9.3x27.8x1.6x
Sat, 19 Oct 2024R$503.4bR$295.8bR$16.5b11x30.6x1.7x
Mon, 16 Sep 2024R$503.9bR$295.8bR$16.5b12.2x30.6x1.7x
Wed, 14 Aug 2024R$499.2bR$289.9bR$19.2b11.6x25.9x1.7x
Fri, 12 Jul 2024R$460.0bR$282.7bR$18.4b11.7x25x1.6x
Sun, 09 Jun 2024R$405.6bR$297.5bR$18.6b12.9x21.9x1.4x
Tue, 07 May 2024R$427.4bR$287.7bR$17.3b12.1x24.7x1.5x
Thu, 04 Apr 2024R$432.5bR$287.0bR$17.2b11.5x25.2x1.5x
Sat, 02 Mar 2024R$419.3bR$293.3bR$16.6b10.4x25.2x1.4x
Mon, 29 Jan 2024R$412.3bR$292.2bR$15.5b11.1x26.6x1.4x
Wed, 27 Dec 2023R$445.9bR$292.2bR$15.5b11.8x28.8x1.5x
Fri, 24 Nov 2023R$417.4bR$292.7bR$16.0b12.3x26.1x1.4x
Sun, 22 Oct 2023R$388.5bR$285.9bR$15.3b12.4x25.4x1.4x
Tue, 19 Sep 2023R$427.7bR$285.9bR$15.3b13.1x27.9x1.5x
Thu, 17 Aug 2023R$445.5bR$285.9bR$15.6b12.9x28.6x1.6x
Sat, 15 Jul 2023R$425.6bR$274.4bR$15.0b12.7x28.4x1.6x
Mon, 12 Jun 2023R$439.0bR$273.8bR$15.2b13.3x28.9x1.6x
Wed, 10 May 2023R$411.4bR$267.8bR$15.8b11.8x26x1.5x
Fri, 07 Apr 2023R$395.1bR$263.8bR$18.3b9.4x21.5x1.5x
Price to Earnings Ratio

21.5x


Total Market Cap: R$395.1bTotal Earnings: R$18.3bTotal Revenue: R$263.8bTotal 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 9.3% 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 Market-0.19%
Industrials0.34%
Professional Services6.48%
Construction3.53%
Electrical3.37%
Industrials0%0
Logistics0%0
Airlines0%0
Infrastructure-0.50%
Machinery-0.81%
Marine and Shipping-0.85%
Transportation-1.78%
Commercial Services-2.13%
Trade Distributors-3.42%
Building-3.47%
Aerospace & Defense-3.72%
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 lower than the prior year's growth of 135.7% 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$49.053.4%
+R$6.7b		8.2%PE32.3x
AZUL53 AzulR$0.0002338.2%
+R$3.6b		n/aPS0.6x
MRSA3B MRS LogísticaR$47.659.9%
+R$1.5b		53.7%PE10.4x
ORVR3 Orizon Valorização de ResíduosR$68.561.5%
+R$100.0m		62.5%PE109.6x
TUPY3 TupyR$12.786.0%
+R$94.4m		-28.9%PS0.2x

Latest News

RAIL3
R$15.60
Rumo
7D
-5.6%
1Y
-4.2%
TUPY3
R$12.78
Tupy
7D
6.0%
1Y
-28.9%
MRSA3B
R$47.65
MRS Logística
7D
9.9%
1Y
53.7%
VAMO3
R$3.63
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
1.7%
1Y
-18.1%

Analysts Are Updating Their Vamos Locação de Caminhões, Máquinas e Equipamentos S.A. (BVMF:VAMO3) Estimates After Its Annual Results

Mar 29
Analysts Are Updating Their Vamos Locação de Caminhões, Máquinas e Equipamentos S.A. (BVMF:VAMO3) Estimates After Its Annual Results
MOVI3
R$12.40
Movida Participações
7D
-3.1%
1Y
131.8%
ORVR3
R$68.56
Orizon Valorização de Resíduos
7D
1.5%
1Y
62.5%

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$15.92
GPS Participações e Empreendimentos
7D
-4.2%
1Y
31.7%

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$15.24
Motiva Infraestrutura de Mobilidade
7D
-0.8%
1Y
30.9%

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.
TGMA3
R$30.14
Tegma Gestão Logística
7D
2.8%
1Y
-14.9%

TGMA3: Upcoming Shareholder Meeting Will Support Future Repricing Potential

Analysts have kept their R$44.60 price target for Tegma Gestão Logística broadly steady, supported by updated assumptions that now reflect slightly higher revenue growth, a modestly stronger profit margin, and a lower future P/E multiple in their models. What's in the News Tegma Gestão Logística has scheduled a Special and Extraordinary Shareholders Meeting for April 9, 2026, giving investors a date to watch for potential company decisions that may affect governance or capital structure (Key Developments).
EMBJ3
R$73.24
Embraer
7D
-3.6%
1Y
11.4%
ECOR3
R$8.28
EcoRodovias Infraestrutura e Logística
7D
1.1%
1Y
43.0%

ECOR3: Stable Margins And Undervalued P/E Will Support Future Upside

Narrative Update on EcoRodovias Infraestrutura e Logística Analysts are keeping their R$17.62 price target for EcoRodovias Infraestrutura e Logística unchanged, citing a mix of softer expected revenue growth and slightly higher projected profit margins, along with a steady forward P/E assumption. Valuation Changes Fair Value: The R$17.62 fair value estimate is unchanged, indicating no revision to the central valuation point.
WEGE3
R$49.05
WEG
7D
3.4%
1Y
8.2%
HBSA3
R$3.97
Hidrovias do Brasil
7D
-1.7%
1Y
73.4%

Core Waterway Corridors And Deleveraging Will Support More Resilient Long Term Earnings

Catalysts About Hidrovias do Brasil Hidrovias do Brasil operates logistics corridors focused on waterway transportation of bulk cargo in Brazil and neighboring regions. What are the underlying business or industry changes driving this perspective?
RENT3
R$45.02
Localiza Rent a Car
7D
-3.1%
1Y
28.3%

RENT3: Index Reshuffle And Higher Future P/E Will Support Upside

Analysts now set a R$70.00 price target for Localiza Rent a Car, up from about R$67.55. This reflects updated assumptions for slightly lower revenue growth, a modestly higher profit margin, and a higher future P/E multiple.
SIMH3
R$10.80
SIMPAR
7D
-3.7%
1Y
27.4%
AZUL53
R$0.00023
Azul
7D
38.2%
1Y
n/a