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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedJul 17, 2026
DataAggregated Company Financials
Companies43
  • 7D-4.8%
  • 3M-13.7%
  • 1Y4.3%
  • YTD-8.7%

Over the last 7 days, the Industrials industry has remained flat, although notably WEG declined by 3.2%. As for the the longer term, the industry is up 4.7% over the past 12 months. As for the next few years, earnings are expected to grow by 19% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 17 Jul 2026R$422.4bR$347.3bR$18.3b10.1x23.1x1.2x
Sun, 14 Jun 2026R$413.8bR$347.3bR$18.3b9.7x22.6x1.2x
Tue, 12 May 2026R$442.9bR$347.7bR$19.1b9.8x23.2x1.3x
Thu, 09 Apr 2026R$481.6bR$342.4bR$19.2b12.4x25.1x1.4x
Sat, 07 Mar 2026R$473.4bR$342.1bR$18.9b10.9x25x1.4x
Mon, 02 Feb 2026R$505.0bR$344.8bR$18.4b11.7x27.5x1.5x
Wed, 31 Dec 2025R$465.3bR$344.8bR$18.4b10.6x25.3x1.3x
Fri, 28 Nov 2025R$457.9bR$348.0bR$19.1b11.2x24x1.3x
Sun, 26 Oct 2025R$432.3bR$340.6bR$20.2b9.2x21.4x1.3x
Tue, 23 Sep 2025R$445.7bR$343.5bR$21.0b9x21.2x1.3x
Thu, 21 Aug 2025R$418.4bR$343.2bR$20.8b9x20.2x1.2x
Sat, 19 Jul 2025R$443.7bR$335.4bR$17.5b8.7x25.4x1.3x
Mon, 16 Jun 2025R$466.7bR$335.3bR$17.5b9.4x26.7x1.4x
Wed, 14 May 2025R$461.3bR$335.0bR$16.9b9.3x27.3x1.4x
Fri, 11 Apr 2025R$441.9bR$326.4bR$15.8b8.7x27.9x1.4x
Sun, 09 Mar 2025R$460.4bR$324.6bR$17.1b8.4x26.9x1.4x
Tue, 04 Feb 2025R$485.9bR$313.7bR$18.5b8.1x26.2x1.5x
Thu, 02 Jan 2025R$468.0bR$313.7bR$18.5b8.1x25.2x1.5x
Sat, 30 Nov 2024R$491.4bR$313.6bR$18.6b8.7x26.4x1.6x
Mon, 28 Oct 2024R$503.1bR$295.8bR$16.4b11.2x30.6x1.7x
Wed, 25 Sep 2024R$506.8bR$295.8bR$16.5b11.6x30.8x1.7x
Fri, 23 Aug 2024R$503.9bR$295.7bR$16.4b11.4x30.6x1.7x
Sun, 21 Jul 2024R$461.9bR$282.7bR$18.4b11.3x25.1x1.6x
Tue, 18 Jun 2024R$398.4bR$297.4bR$18.5b11.5x21.5x1.3x
Thu, 16 May 2024R$427.9bR$294.8bR$18.0b11.3x23.8x1.5x
Sat, 13 Apr 2024R$429.1bR$287.3bR$17.7b11.4x24.2x1.5x
Mon, 11 Mar 2024R$423.1bR$282.6bR$16.7b11x25.3x1.5x
Wed, 07 Feb 2024R$398.3bR$290.6bR$15.3b9.8x26x1.4x
Fri, 05 Jan 2024R$439.0bR$292.2bR$15.5b11.2x28.3x1.5x
Sun, 03 Dec 2023R$427.1bR$292.0bR$16.0b12.3x26.7x1.5x
Tue, 31 Oct 2023R$381.1bR$286.3bR$15.5b12.1x24.6x1.3x
Thu, 28 Sep 2023R$414.2bR$285.9bR$15.3b12.4x27.1x1.4x
Sat, 26 Aug 2023R$438.1bR$285.9bR$15.3b12.8x28.6x1.5x
Mon, 24 Jul 2023R$445.9bR$275.3bR$15.5b12.9x28.8x1.6x
Price to Earnings Ratio

28.8x


Total Market Cap: R$445.9bTotal Earnings: R$15.5bTotal Revenue: R$275.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.5x202420252026
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 25.5x.
  • The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 5.8% per year over the last three years.
  • Revenues for these companies have grown 8.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Brazilian Industrials sector?

BR Market-2.14%
Industrials-4.80%
Construction0.17%
Building0%0
Industrials0%0
Logistics0%0
Airlines0%0
Professional Services-1.16%
Trade Distributors-2.44%
Marine and Shipping-2.44%
Infrastructure-2.92%
Aerospace & Defense-3.35%
Transportation-3.61%
Commercial Services-3.87%
Machinery-4.66%
Electrical-6.49%
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 47.8%, which is higher than its past year's earnings decline of 51.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Marine and Shipping industry, expecting annual earnings growth of 48% over the next 5 years.
  • This is better than its past earnings decline of 52% per year.
  • In contrast, the Infrastructure industry is expected to see its earnings grow by 9.8% 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
VAMO3 Vamos Locação de Caminhões Máquinas e EquipamentosR$3.163.3%
+R$106.6m		-17.7%PE11x
TUPY3 TupyR$16.080.6%
+R$13.1m		-5.3%PS0.2x
TGMA3 Tegma Gestão LogísticaR$30.650.4%
+R$7.9m		-9.4%PE8.5x
CTAX3 Contax ParticipaçõesR$0.454.7%
+R$534.2k		-59.8%PS0.03x

Latest News

MOTV3
R$14.82
Motiva Infraestrutura de Mobilidade
7D
-2.2%
1Y
18.1%
Narrative Update • Jul 16

MOTV3: Higher Margins And Lower P/E Will Support Future Upside

Analysts have lowered their price target for Motiva Infraestrutura de Mobilidade from R$23.50 to R$22.10. This adjustment reflects updated views that now combine softer revenue expectations with slightly higher projected profit margins and a modestly lower forward P/E multiple.
ECOR3
R$7.22
EcoRodovias Infraestrutura e Logística
7D
-7.1%
1Y
6.3%
Narrative Update • Jul 15

ECOR3: Higher Discount Rate Will Still Support Bullish Future Stock Price

Analysts have reduced their fair value estimate for EcoRodovias Infraestrutura e Logística from R$10.00 to R$9.00, citing a higher discount rate as well as a slightly less optimistic view on profit margins and future P/E multiples. What's in the News for EcoRodovias Infraestrutura e Logística No recent company specific news items were identified in the provided sources for EcoRodovias Infraestrutura e Logística.
RAIL3
R$13.93
Rumo
7D
-3.0%
1Y
-16.0%
Narrative Update • Jul 14

RAIL3: Higher Discount Rate And Richer P/E Will Shape Balanced Prospects

Analysts have trimmed their fair value estimate for Rumo from R$14.64 to R$13.61, citing updated assumptions around revenue growth, profit margins and a higher future P/E multiple, which together indicate a more cautious outlook on the company’s earnings power. What's in the News No recent company specific news items for Rumo were provided in the available sources.
TUPY3
R$16.08
Tupy
7D
0.6%
1Y
-5.3%
ORVR3
R$74.15
Orizon Valorização de Resíduos
7D
-5.3%
1Y
51.3%
Narrative Update • Jul 10

ORVR3: Lower Discount Rate And Margin Outlook Will Support Higher Fair Value

Analysts have raised their price target for Orizon Valorização de Resíduos from R$89.17 to R$104.20, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E that they view as better aligned with the company’s current profile. What's in the News Orizon Valorização de Resíduos S.A. scheduled a Special and Extraordinary Shareholders Meeting for Jun 08, 2026, to address company matters requiring shareholder approval.
RENT3
R$38.86
Localiza Rent a Car
7D
-5.5%
1Y
8.5%
Narrative Update • Jul 08

RENT3: Index Removal And Updated Cash Flow Assumptions Will Support Bullish Re-Rating Narrative

The analyst consensus price target for Localiza Rent a Car has shifted from R$50.00 to R$46.10, with analysts pointing to updated assumptions for discount rate, revenue growth, profit margin, and future P/E following recent Street research. What's in the News Localiza Rent a Car S.A. has been removed as an index constituent, according to recent key developments.
EMBJ3
R$81.77
Embraer
7D
-3.3%
1Y
19.7%
VAMO3
R$3.16
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
3.3%
1Y
-17.7%
Narrative Update • Jun 18

VAMO3: April 2026 Shareholder Meeting Will Drive Future Upside Potential

Analysts have slightly reduced their price target for Vamos Locação de Caminhões Máquinas e Equipamentos to R$5.16 from R$5.34. This reflects updated assumptions in their models for more moderate revenue growth, slimmer profit margins and a higher future P/E multiple.
WEGE3
R$43.49
WEG
7D
-6.5%
1Y
2.6%
Narrative Update • Jun 18

WEGE3: Analyst Day Outlook Will Clarify Undervalued Earnings Power

Analysts have lowered their fair value estimate for WEG to R$52.74 from R$54.26, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What’s in the News for WEG WEG scheduled an Analyst and Investor Day, providing management with a forum to discuss the company’s business outlook, capital allocation priorities and long term positioning with institutional and retail investors.
TGMA3
R$30.65
Tegma Gestão Logística
7D
0.4%
1Y
-9.4%
Narrative Update • Jun 17

TGMA3: Sustainability Index Inclusion Will Support Future Share Price Repricing

Analysts have maintained their R$44.60 price target on Tegma Gestão Logística, noting that updated assumptions for revenue growth, profit margins, and a slightly lower future P/E multiple effectively offset one another. What’s in the News for Tegma Gestão Logística Tegma Gestão Logística S.A. was added to the Brazil Corporate Sustainability Index.
CTAX3
R$0.45
Contax Participações
7D
4.7%
1Y
-59.8%
AZUL3
R$22.10
Azul
7D
-6.0%
1Y
n/a