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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies45
  • 7D3.8%
  • 3M16.2%
  • 1Y14.2%
  • YTD12.3%

Over the last 7 days, the Industrials industry has dropped 1.1%, driven by a pullback from Azul of 58%. Over the past 12 months, the industry was up 11%. Earnings are forecast to grow by 22% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Feb 2026R$513.1bR$341.8bR$18.4b11.8x27.9x1.5x
Sat, 10 Jan 2026R$462.3bR$344.8bR$18.4b10.8x25.1x1.3x
Mon, 08 Dec 2025R$461.3bR$344.8bR$18.4b10.5x25.1x1.3x
Wed, 05 Nov 2025R$442.3bR$341.6bR$21.0b10.1x21x1.3x
Fri, 03 Oct 2025R$417.3bR$343.5bR$21.0b9x19.9x1.2x
Sun, 31 Aug 2025R$434.8bR$343.4bR$20.9b9.1x20.8x1.3x
Tue, 29 Jul 2025R$413.7bR$336.3bR$17.6b8.5x23.5x1.2x
Thu, 26 Jun 2025R$466.1bR$335.3bR$17.5b9.2x26.6x1.4x
Sat, 24 May 2025R$457.6bR$336.1bR$16.6b9x27.5x1.4x
Mon, 21 Apr 2025R$463.3bR$326.5bR$15.8b9x29.2x1.4x
Wed, 19 Mar 2025R$467.7bR$324.8bR$17.1b8.5x27.4x1.4x
Fri, 14 Feb 2025R$472.5bR$313.7bR$18.2b8.1x26x1.5x
Sun, 12 Jan 2025R$463.6bR$313.7bR$18.5b8x25x1.5x
Tue, 10 Dec 2024R$494.0bR$313.7bR$18.5b8.6x26.6x1.6x
Thu, 07 Nov 2024R$509.6bR$299.7bR$17.1b10.5x29.8x1.7x
Sat, 05 Oct 2024R$501.4bR$295.8bR$16.5b10.4x30.5x1.7x
Mon, 02 Sep 2024R$500.6bR$295.7bR$16.5b11.6x30.4x1.7x
Wed, 31 Jul 2024R$451.4bR$283.9bR$18.4b10.2x24.6x1.6x
Fri, 28 Jun 2024R$424.7bR$297.4bR$18.5b11.8x22.9x1.4x
Sun, 26 May 2024R$416.3bR$297.5bR$18.5b12.6x22.5x1.4x
Tue, 23 Apr 2024R$422.4bR$287.3bR$17.2b11.4x24.5x1.5x
Thu, 21 Mar 2024R$437.7bR$284.9bR$17.8b11.8x24.6x1.5x
Sat, 17 Feb 2024R$400.6bR$292.9bR$16.1b10.1x24.9x1.4x
Mon, 15 Jan 2024R$430.3bR$292.2bR$15.5b11.4x27.8x1.5x
Wed, 13 Dec 2023R$429.0bR$292.2bR$15.5b12.3x27.7x1.5x
Fri, 10 Nov 2023R$397.7bR$289.1bR$15.4b11.6x25.8x1.4x
Sun, 08 Oct 2023R$401.8bR$285.9bR$15.3b12.5x26.3x1.4x
Tue, 05 Sep 2023R$433.9bR$285.9bR$15.3b12.6x28.4x1.5x
Thu, 03 Aug 2023R$449.6bR$276.2bR$15.7b13x28.6x1.6x
Sat, 01 Jul 2023R$437.1bR$274.4bR$15.0b12.6x29.1x1.6x
Mon, 29 May 2023R$433.5bR$273.9bR$15.3b12.6x28.4x1.6x
Wed, 26 Apr 2023R$410.9bR$264.8bR$18.4b9.9x22.4x1.6x
Fri, 24 Mar 2023R$391.0bR$262.7bR$18.4b9.2x21.3x1.5x
Sun, 19 Feb 2023R$396.7bR$237.1bR$17.6b11.8x22.6x1.7x
Price to Earnings Ratio

22.6x


Total Market Cap: R$396.7bTotal Earnings: R$17.6bTotal Revenue: R$237.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.5x202420252026
Current Industry PE
  • Investors are optimistic on the Brazilian Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 28.1x which is higher than its 3-year average PE of 25.5x.
  • 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 13% 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 Market3.97%
Industrials3.80%
Transportation5.78%
Trade Distributors4.30%
Electrical4.26%
Machinery3.30%
Commercial Services2.42%
Infrastructure2.20%
Aerospace & Defense1.27%
Industrials1.26%
Construction1.13%
Logistics0%0
Airlines0%0
Marine and Shipping-0.51%
Building-0.58%
Professional Services-11.34%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 15.6x.
    • Analysts are expecting annual earnings growth of 24.6%, 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 45% over the next 5 years.
  • This is better than its past earnings growth rate of 5.5% 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$53.594.3%
+R$9.2b		1.7%PE34.7x
RAIL3 RumoR$16.457.7%
+R$2.2b		-11.4%PE81.7x
MRSA3B MRS LogísticaR$48.9014.3%
+R$2.1b		50.5%PE10.9x
RENT3 Localiza Rent a CarR$51.122.1%
+R$1.2b		66.6%PE31.6x
EMBJ3 EmbraerR$93.371.3%
+R$859.0m		56.9%PE37.8x

Latest News

ROMI3
R$8.30
Romi
7D
-1.3%
1Y
-9.0%

Earnings Troubles May Signal Larger Issues for Romi (BVMF:ROMI3) Shareholders

Feb 12
Earnings Troubles May Signal Larger Issues for Romi (BVMF:ROMI3) Shareholders
MOTV3
R$17.15
Motiva Infraestrutura de Mobilidade
7D
2.5%
1Y
49.8%

MOTV3: Adjusted Margins And P/E Assumptions Will Shape Balanced Return Outlook

Analysts have slightly lowered their price target on Motiva Infraestrutura de Mobilidade to reflect updated fair value estimates, a lower discount rate, more conservative revenue and margin assumptions, and a higher future P/E, resulting in a modestly reduced implied upside for investors. Valuation Changes Fair Value: Revised slightly higher from R$18.20 to about R$18.36 per share, reflecting updated inputs in the model.
RENT3
R$51.12
Localiza Rent a Car
7D
2.1%
1Y
66.6%
EMBJ3
R$93.37
Embraer
7D
1.3%
1Y
56.9%

We Think Embraer (BVMF:EMBJ3) Can Stay On Top Of Its Debt

Feb 09
We Think Embraer (BVMF:EMBJ3) Can Stay On Top Of Its Debt
VAMO3
R$4.55
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
9.9%
1Y
-2.4%

VAMO3: Index Inclusion Will Support Future Upside Despite More Cautious Assumptions

Analysts have trimmed their price targets for Vamos Locação de Caminhões Máquinas e Equipamentos, citing a slightly lower fair value estimate, a modest adjustment to the discount rate, and more cautious assumptions for revenue growth, profit margins, and future P/E. What's in the News Vamos Locação de Caminhões, Máquinas e Equipamentos S.A. has been added to the Brazil Valor BM&FBOVESPA Index, indicating its inclusion in this equity benchmark (Key Developments).
RAIL3
R$16.45
Rumo
7D
7.7%
1Y
-11.4%

RAIL3: Freight Price Pressure Will Set Up Future P/E Repricing Potential

Analysts have reduced their fair value estimate for Rumo from R$27.00 to R$25.00, reflecting updated assumptions on growth, profitability, and future P/E, as well as recent Street research that highlights continued pressure on freight prices. Analyst Commentary Recent Street research points to a mixed but watchful stance on Rumo, with JPMorgan resuming coverage at Neutral and a R$20 price target.
AZUL53
R$0.000004
Azul
7D
-66.7%
1Y
n/a
WEGE3
R$53.59
WEG
7D
4.3%
1Y
1.7%

WEGE3: Tariff Fears Will Ease As Earnings Power Proves More Resilient

Narrative Update The analyst price target for WEG has increased from R$56.00 to approximately R$67.64. Analysts attribute this change to what they view as overly cautious market concerns regarding tariffs and renewables orders, as well as their higher EBITDA estimates for 2026 and 2027.
MRSA3B
R$48.90
MRS Logística
7D
14.3%
1Y
50.5%
SIMH3
R$7.01
SIMPAR
7D
6.5%
1Y
95.3%

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
IFCM3
R$0.53
Infracommerce CXaaS
7D
-13.1%
1Y
-98.1%

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
NORD3
R$4.50
Nordon Indústrias Metalúrgicas S/A
7D
-13.3%
1Y
-21.3%
SEQL3
R$0.69
Sequoia Logística e Transportes
7D
-43.4%
1Y
-97.0%
AERI3
R$3.04
Aeris Indústria e Comércio de Equipamentos para Geração de Energia
7D
-1.6%
1Y
-42.7%

Revenues Working Against Aeris Indústria e Comércio de Equipamentos para Geração de Energia S.A.'s (BVMF:AERI3) Share Price

Dec 12
Revenues Working Against Aeris Indústria e Comércio de Equipamentos para Geração de Energia S.A.'s (BVMF:AERI3) Share Price
LOGN3
R$31.99
Log-In Logística Intermodal
7D
-1.4%
1Y
52.6%
KEPL3
R$10.08
Kepler Weber
7D
-0.2%
1Y
3.7%

Kepler Weber (BVMF:KEPL3) Has Announced That Its Dividend Will Be Reduced To R$0.1442

Nov 23
Kepler Weber (BVMF:KEPL3) Has Announced That Its Dividend Will Be Reduced To R$0.1442