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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies45
  • 7D-2.3%
  • 3M0.9%
  • 1Y13.8%
  • YTD2.9%

Over the last 7 days, the Industrials industry has dropped 3.3%, driven by a pullback from Embraer of 10%. Over the past 12 months, the industry was up 12%. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026R$476.3bR$343.0bR$18.8b11.2x25.3x1.4x
Fri, 06 Feb 2026R$502.4bR$344.8bR$18.4b11.6x27.3x1.5x
Sun, 04 Jan 2026R$463.3bR$344.8bR$18.4b10.5x25.2x1.3x
Tue, 02 Dec 2025R$462.0bR$348.0bR$19.1b11.2x24.2x1.3x
Thu, 30 Oct 2025R$439.9bR$340.6bR$20.2b9.3x21.7x1.3x
Sat, 27 Sep 2025R$434.7bR$343.5bR$21.0b9x20.7x1.3x
Mon, 25 Aug 2025R$431.5bR$343.2bR$20.8b9x20.8x1.3x
Wed, 23 Jul 2025R$438.5bR$335.4bR$17.5b8.7x25.1x1.3x
Fri, 20 Jun 2025R$471.5bR$335.3bR$17.5b9.8x26.9x1.4x
Sun, 18 May 2025R$467.7bR$335.4bR$16.8b9.3x27.9x1.4x
Tue, 15 Apr 2025R$455.7bR$326.4bR$15.8b8.4x28.8x1.4x
Thu, 13 Mar 2025R$452.1bR$324.6bR$17.1b8x26.4x1.4x
Sat, 08 Feb 2025R$485.4bR$313.8bR$18.2b8x26.7x1.5x
Mon, 06 Jan 2025R$464.0bR$313.7bR$18.5b8.1x25x1.5x
Wed, 04 Dec 2024R$491.3bR$313.6bR$18.6b8.5x26.4x1.6x
Fri, 01 Nov 2024R$497.5bR$297.6bR$16.7b11x29.8x1.7x
Sun, 29 Sep 2024R$512.2bR$295.8bR$16.5b11.3x31.1x1.7x
Tue, 27 Aug 2024R$509.2bR$295.7bR$16.5b12x30.9x1.7x
Thu, 25 Jul 2024R$457.0bR$282.7bR$18.4b10.8x24.8x1.6x
Sat, 22 Jun 2024R$417.1bR$297.4bR$18.5b11.5x22.5x1.4x
Mon, 20 May 2024R$431.6bR$297.6bR$18.5b12.2x23.4x1.5x
Wed, 17 Apr 2024R$421.6bR$287.3bR$17.7b11.3x23.8x1.5x
Fri, 15 Mar 2024R$432.1bR$285.5bR$17.0b11.3x25.4x1.5x
Sun, 11 Feb 2024R$401.9bR$292.9bR$16.1b9.9x25x1.4x
Tue, 09 Jan 2024R$434.3bR$292.2bR$15.5b11.5x28x1.5x
Thu, 07 Dec 2023R$431.0bR$292.2bR$15.5b12.3x27.8x1.5x
Sat, 04 Nov 2023R$401.5bR$287.1bR$15.1b11.8x26.6x1.4x
Mon, 02 Oct 2023R$422.7bR$285.9bR$15.3b12.5x27.6x1.5x
Wed, 30 Aug 2023R$434.4bR$285.9bR$15.3b12.7x28.4x1.5x
Fri, 28 Jul 2023R$447.5bR$275.3bR$15.5b12.9x29x1.6x
Sun, 25 Jun 2023R$429.6bR$274.3bR$15.0b12.7x28.6x1.6x
Tue, 23 May 2023R$433.2bR$273.9bR$22.6b12.3x19.2x1.6x
Thu, 20 Apr 2023R$403.4bR$263.9bR$18.2b9.7x22.1x1.5x
Sat, 18 Mar 2023R$402.6bR$260.9bR$18.8b10.2x21.4x1.5x
Price to Earnings Ratio

21.4x


Total Market Cap: R$402.6bTotal Earnings: R$18.8bTotal Revenue: R$260.9bTotal 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 9.6% 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-1.01%
Industrials-2.27%
Building0.94%
Industrials0%0
Logistics0%0
Airlines0%0
Electrical-0.32%
Transportation-1.69%
Construction-2.35%
Commercial Services-2.37%
Infrastructure-2.50%
Machinery-3.08%
Marine and Shipping-3.96%
Trade Distributors-3.97%
Aerospace & Defense-8.41%
Professional Services-17.69%
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$17.058.5%
+R$2.5b		-2.6%PE37.4x
TUPY3 TupyR$12.950.9%
+R$15.7m		-37.9%PS0.2x
TPIS3 Triunfo Participações e InvestimentosR$7.143.2%
+R$9.5m		74.6%PS0.3x
AERI3 Aeris Indústria e Comércio de Equipamentos para Geração de EnergiaR$2.874.4%
+R$7.4m		-24.5%PS0.2x
PTBL3 PBGR$3.220.9%
+R$4.2m		-14.6%PS0.2x

Latest News

EMBJ3
R$84.61
Embraer
7D
-8.5%
1Y
16.0%
RAIL3
R$17.05
Rumo
7D
8.5%
1Y
-2.6%
VAMO3
R$3.98
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
-8.7%
1Y
7.3%

VAMO3: Index Inclusion Will Support Future Upside With Steady Fundamentals

Analysts have raised their fair value estimate for Vamos Locação de Caminhões Máquinas e Equipamentos slightly, adjusting the target from about R$5.34 to around R$5.38. This change reflects updated views on steady revenue growth, profit margins and future P/E assumptions.
TPIS3
R$7.14
Triunfo Participações e Investimentos
7D
3.2%
1Y
74.6%
HBSA3
R$4.11
Hidrovias do Brasil
7D
-6.2%
1Y
90.3%
MOVI3
R$13.06
Movida Participações
7D
-7.9%
1Y
237.5%
RENT3
R$47.24
Localiza Rent a Car
7D
-6.2%
1Y
55.7%

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$0.00021
Azul
7D
-3.7%
1Y
n/a
WEGE3
R$47.19
WEG
7D
-0.3%
1Y
-0.02%

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.
AERI3
R$2.87
Aeris Indústria e Comércio de Equipamentos para Geração de Energia
7D
4.4%
1Y
-24.5%
TUPY3
R$12.95
Tupy
7D
0.9%
1Y
-37.9%

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.
MOTV3
R$16.02
Motiva Infraestrutura de Mobilidade
7D
-2.1%
1Y
38.5%

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.
PTBL3
R$3.22
PBG
7D
0.9%
1Y
-14.6%
NORD3
R$4.10
Nordon Indústrias Metalúrgicas S/A
7D
2.2%
1Y
-25.5%