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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies45
  • 7D-3.3%
  • 3M-1.1%
  • 1Y12.2%
  • YTD0.8%

Over the last 7 days, the Industrials industry has dropped 7.3%, driven by pullbacks in WEG and Embraer of 4.3% and 11%, respectively. Over the past 12 months, the industry was up 9.4%. 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
Tue, 10 Mar 2026R$466.3bR$343.0bR$18.8b11x24.8x1.4x
Thu, 05 Feb 2026R$519.4bR$344.8bR$18.4b11.6x28.2x1.5x
Sat, 03 Jan 2026R$465.4bR$344.8bR$18.4b10.5x25.3x1.3x
Mon, 01 Dec 2025R$462.0bR$348.0bR$19.1b11.1x24.2x1.3x
Wed, 29 Oct 2025R$437.9bR$340.6bR$20.2b9.2x21.6x1.3x
Fri, 26 Sep 2025R$431.4bR$343.5bR$21.0b8.9x20.6x1.3x
Sun, 24 Aug 2025R$431.5bR$343.2bR$20.8b9x20.8x1.3x
Tue, 22 Jul 2025R$441.3bR$335.4bR$17.5b8.8x25.2x1.3x
Thu, 19 Jun 2025R$471.5bR$335.3bR$17.5b9.8x26.9x1.4x
Sat, 17 May 2025R$467.7bR$335.4bR$16.8b9.3x27.9x1.4x
Mon, 14 Apr 2025R$447.5bR$326.4bR$15.8b8.7x28.2x1.4x
Wed, 12 Mar 2025R$452.1bR$324.8bR$17.1b8.2x26.4x1.4x
Fri, 07 Feb 2025R$485.2bR$313.8bR$18.5b8x26.2x1.5x
Sun, 05 Jan 2025R$464.0bR$313.7bR$18.5b8.1x25x1.5x
Tue, 03 Dec 2024R$495.8bR$313.6bR$18.6b8.5x26.7x1.6x
Thu, 31 Oct 2024R$509.9bR$295.8bR$16.4b11x31x1.7x
Sat, 28 Sep 2024R$512.0bR$295.8bR$16.5b11.3x31.1x1.7x
Mon, 26 Aug 2024R$508.3bR$295.7bR$16.4b11.9x30.9x1.7x
Wed, 24 Jul 2024R$460.2bR$282.7bR$18.4b11.1x25x1.6x
Fri, 21 Jun 2024R$405.7bR$297.4bR$18.5b11.5x21.9x1.4x
Sun, 19 May 2024R$431.6bR$297.6bR$18.5b12.2x23.4x1.5x
Tue, 16 Apr 2024R$421.6bR$287.3bR$17.7b11.3x23.8x1.5x
Thu, 14 Mar 2024R$428.5bR$284.7bR$17.0b11.6x25.2x1.5x
Sat, 10 Feb 2024R$401.9bR$290.6bR$15.3b9.9x26.2x1.4x
Mon, 08 Jan 2024R$434.3bR$292.2bR$15.5b11.3x28x1.5x
Wed, 06 Dec 2023R$425.8bR$292.2bR$15.5b12.3x27.4x1.5x
Fri, 03 Nov 2023R$386.6bR$287.0bR$15.0b11.9x25.8x1.3x
Sun, 01 Oct 2023R$420.0bR$285.9bR$15.3b12.5x27.4x1.5x
Tue, 29 Aug 2023R$432.7bR$285.9bR$15.3b12.8x28.3x1.5x
Thu, 27 Jul 2023R$452.1bR$275.3bR$15.5b12.8x29.2x1.6x
Sat, 24 Jun 2023R$429.6bR$274.3bR$15.0b12.7x28.6x1.6x
Mon, 22 May 2023R$433.2bR$273.9bR$22.6b12.3x19.2x1.6x
Wed, 19 Apr 2023R$410.0bR$263.9bR$18.2b10.3x22.5x1.6x
Fri, 17 Mar 2023R$408.1bR$260.7bR$18.5b10.9x22.1x1.6x
Price to Earnings Ratio

22.1x


Total Market Cap: R$408.1bTotal Earnings: R$18.5bTotal Revenue: R$260.7bTotal 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 10% 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-1.06%
Industrials-3.27%
Building2.85%
Professional Services2.31%
Industrials1.70%
Logistics0%0
Airlines0%0
Infrastructure-1.13%
Electrical-1.73%
Construction-2.26%
Machinery-2.40%
Commercial Services-2.88%
Marine and Shipping-2.91%
Transportation-3.00%
Trade Distributors-5.44%
Aerospace & Defense-10.09%
Industry PE
  • Investors are most optimistic about the Electrical industry, which is trading close to its 3-year average PE ratio of 32.6x.
    • Analysts are expecting annual earnings growth of 12.0%, which is higher than its past year's earnings growth of 5.5% 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 growth rate of 3.4% 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
RAIL3 RumoR$15.943.0%
+R$872.4m		-8.3%PE34.9x
TUPY3 TupyR$12.752.7%
+R$44.6m		-38.7%PS0.2x
TPIS3 Triunfo Participações e InvestimentosR$7.207.1%
+R$20.8m		77.8%PS0.3x
KEPL3 Kepler WeberR$8.401.1%
+R$15.6m		12.0%PE9.3x
PTBL3 PBGR$3.252.8%
+R$12.7m		-12.6%PS0.2x

Latest News

GGPS3
R$17.61
GPS Participações e Empreendimentos
7D
-2.3%
1Y
42.9%
TPIS3
R$7.20
Triunfo Participações e Investimentos
7D
7.1%
1Y
77.8%
EMBJ3
R$82.35
Embraer
7D
-10.2%
1Y
12.5%
RAIL3
R$15.94
Rumo
7D
3.0%
1Y
-8.3%

RAIL3: Freight Price Pressure And Execution Will Shape A Cautiously Optimistic Outlook

Analysts have trimmed their Rumo fair value estimate from roughly R$16.50 to about R$15.27, aligning their updated price target with expectations for continued freight price pressure highlighted in recent research. Analyst Commentary Recent updates around Rumo suggest that, while coverage is active again, the tone remains cautious.
ECOR3
R$9.56
EcoRodovias Infraestrutura e Logística
7D
-4.9%
1Y
82.4%

ECOR3: Higher Margin Outlook And Richer P/E Will Support Stronger Share Price

Analysts have lifted their price target for EcoRodovias Infraestrutura e Logística from R$11.70 to about R$13.02, reflecting updated assumptions for the discount rate, revenue trends, profit margin and future P/E levels. Valuation Changes Fair Value: R$11.70 moved to about R$13.02, indicating a higher central estimate for the shares.
MOVI3
R$12.43
Movida Participações
7D
-8.7%
1Y
228.8%
RENT3
R$45.75
Localiza Rent a Car
7D
-6.4%
1Y
52.4%

RENT3: Index Rebalancing And Governance Changes Will Shape Fairly Valued Outlook

Analysts have nudged their price target on Localiza Rent a Car to R$50.00. Updated assumptions point to slightly lower revenue growth and profit margins but a higher future P/E, while the fair value estimate remains at R$50.00 and the discount rate is modestly adjusted.
AZUL53
R$0.00022
Azul
7D
-6.9%
1Y
n/a
WEGE3
R$46.58
WEG
7D
-1.7%
1Y
-0.04%

WEGE3: Future Earnings Power To Drive Upside Despite Recent Downgrade

Analysts have lifted their fair value estimate for WEG by R$4.00 to R$52.89, reflecting updated views on discount rate, revenue growth, profit margin and future P/E assumptions, even as recent research pointed to a Q4 miss and softer company guidance. Analyst Commentary Bullish Takeaways Bullish analysts see the higher fair value estimate of R$52.89 as implying room for upside versus JPMorgan's R$49 price target, even after the downgrade.
KEPL3
R$8.40
Kepler Weber
7D
1.1%
1Y
12.0%
AERI3
R$2.85
Aeris Indústria e Comércio de Equipamentos para Geração de Energia
7D
3.3%
1Y
-27.5%
TUPY3
R$12.75
Tupy
7D
2.7%
1Y
-38.7%

TUPY3: Stable Fair Value Will Reflect Higher Margins And Lower Future P/E

Analysts have maintained their price target for Tupy at R$13.00. This reflects updated assumptions that combine slightly lower expected revenue growth with a higher projected profit margin, a modestly reduced discount rate, and a lower future P/E expectation.
VAMO3
R$3.86
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
-7.0%
1Y
2.4%

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).
IFCM3
R$0.87
Infracommerce CXaaS
7D
2.4%
1Y
-96.4%

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PTBL3
R$3.25
PBG
7D
2.8%
1Y
-12.6%
LOGN3
R$31.93
Log-In Logística Intermodal
7D
0.2%
1Y
52.4%