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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies45
  • 7D0.5%
  • 3M18.6%
  • 1Y2.7%
  • YTD1.0%

Over the last 7 days, the Industrials industry has remained flat, although notably Embraer gained 6.0%. Furthermore, the industry has been flat for the past year as well. 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
Thu, 08 Jan 2026R$471.1bR$344.8bR$18.4b10.8x25.6x1.4x
Sat, 06 Dec 2025R$468.8bR$344.8bR$18.4b10.4x25.5x1.4x
Mon, 03 Nov 2025R$439.6bR$341.6bR$21.0b9.8x20.9x1.3x
Wed, 01 Oct 2025R$435.0bR$343.5bR$21.0b9.1x20.7x1.3x
Fri, 29 Aug 2025R$435.6bR$343.4bR$20.9b9.1x20.8x1.3x
Sun, 27 Jul 2025R$415.0bR$336.3bR$17.6b8.7x23.5x1.2x
Tue, 24 Jun 2025R$462.0bR$335.3bR$17.5b9.6x26.4x1.4x
Thu, 22 May 2025R$456.8bR$335.9bR$16.8b9.2x27.2x1.4x
Sat, 19 Apr 2025R$463.3bR$326.4bR$15.8b9x29.2x1.4x
Mon, 17 Mar 2025R$460.6bR$324.6bR$17.1b8.3x27x1.4x
Wed, 12 Feb 2025R$478.5bR$313.7bR$18.2b8x26.3x1.5x
Fri, 10 Jan 2025R$465.5bR$313.7bR$18.5b8.1x25.1x1.5x
Sun, 08 Dec 2024R$494.0bR$313.7bR$18.5b8.5x26.6x1.6x
Tue, 05 Nov 2024R$494.2bR$299.4bR$17.0b10.9x29x1.7x
Thu, 03 Oct 2024R$508.9bR$295.8bR$16.5b11.3x30.9x1.7x
Sat, 31 Aug 2024R$498.4bR$295.7bR$16.5b11.6x30.3x1.7x
Mon, 29 Jul 2024R$462.1bR$282.5bR$18.4b10.7x25.1x1.6x
Wed, 26 Jun 2024R$423.0bR$297.4bR$18.5b11.7x22.9x1.4x
Fri, 24 May 2024R$423.3bR$297.5bR$18.5b12.7x22.9x1.4x
Sun, 21 Apr 2024R$422.4bR$287.3bR$17.2b11.4x24.5x1.5x
Tue, 19 Mar 2024R$431.3bR$285.5bR$17.0b11.8x25.4x1.5x
Thu, 15 Feb 2024R$402.0bR$292.9bR$16.1b9.9x25x1.4x
Sat, 13 Jan 2024R$430.3bR$292.2bR$15.5b11.4x27.8x1.5x
Mon, 11 Dec 2023R$428.5bR$292.2bR$15.5b12.3x27.6x1.5x
Wed, 08 Nov 2023R$397.0bR$288.3bR$15.5b11.9x25.6x1.4x
Fri, 06 Oct 2023R$404.2bR$285.9bR$15.3b12.5x26.4x1.4x
Sun, 03 Sep 2023R$433.7bR$285.9bR$15.3b12.6x28.3x1.5x
Tue, 01 Aug 2023R$449.3bR$275.3bR$15.5b13.4x29.1x1.6x
Thu, 29 Jun 2023R$424.1bR$274.4bR$15.0b12.4x28.3x1.5x
Sat, 27 May 2023R$433.5bR$273.9bR$15.3b12.6x28.4x1.6x
Mon, 24 Apr 2023R$411.9bR$264.8bR$18.4b10.1x22.4x1.6x
Wed, 22 Mar 2023R$374.1bR$225.7bR$16.8b9.9x22.2x1.7x
Fri, 17 Feb 2023R$392.9bR$234.8bR$16.8b11.4x23.4x1.7x
Sun, 15 Jan 2023R$387.5bR$234.3bR$16.8b10.4x23.1x1.7x
Price to Earnings Ratio

23.1x


Total Market Cap: R$387.5bTotal Earnings: R$16.8bTotal Revenue: R$234.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.4x202420252026
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 25.4x.
  • 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 grown 3.0% per year over the last three years.
  • Revenues for these companies have grown 14% 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-0.0082%
Industrials0.49%
Aerospace & Defense6.09%
Trade Distributors3.39%
Construction3.32%
Building3.17%
Infrastructure2.05%
Marine and Shipping1.91%
Commercial Services1.31%
Industrials0.68%
Machinery0.42%
Transportation0.32%
Logistics0%0
Airlines0%0
Electrical-1.67%
Professional Services-5.48%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 13.5x.
    • Analysts are expecting annual earnings growth of 21.4%, which is higher than its past year's earnings growth of 12.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Marine and Shipping industry, expecting annual earnings growth of 38% over the next 5 years.
  • However this is lower than its past earnings growth rate of 197% 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
EMBJ3 EmbraerR$93.916.0%
+R$3.8b		64.1%PE37.6x
MOTV3 Motiva Infraestrutura de MobilidadeR$15.351.9%
+R$582.9m		50.2%PE10.7x
RENT3 Localiza Rent a CarR$43.960.9%
+R$411.2m		43.0%PE26.1x
GGPS3 GPS Participações e EmpreendimentosR$16.532.3%
+R$277.5m		27.8%PE18.8x
HBSA3 Hidrovias do BrasilR$3.834.4%
+R$217.7m		35.3%PS2.8x

Latest News

EMBJ3
R$93.91
Embraer
7D
6.0%
1Y
64.1%

Shareholders Should Be Pleased With Embraer S.A.'s (BVMF:EMBJ3) Price

Jan 07
Shareholders Should Be Pleased With Embraer S.A.'s (BVMF:EMBJ3) Price
WEGE3
R$47.70
WEG
7D
-1.7%
1Y
-10.4%

WEGE3: Fair Value Hinges On Tariff Risks And Renewables Order Execution

Analysts have raised their fair value estimate for WEG from R$47.46 to R$48.89, citing a higher long term P/E assumption and Street research that views tariff and renewables order concerns as overdone, with some EBITDA expectations running about 7% above consensus for 2026 to 2027. Analyst Commentary Bullish Takeaways Bullish analysts see the higher long term P/E assumption as supported by their R$55 price target, which implies room for valuation expansion relative to the updated fair value of R$48.89.
TUPY3
R$11.70
Tupy
7D
-4.8%
1Y
-46.7%

TUPY3: Higher Future P/E Will Support Upside Despite Margin Pressure

Analysts have kept their fair value estimate for Tupy steady at $13.00, with updated assumptions that include adjusted revenue growth, profit margin, and a higher future P/E. Together, these factors shape the latest price target rationale.
MILS3
R$14.35
Mills Locação Serviços e Logística
7D
2.5%
1Y
67.6%

MILS3: December Meeting And Stable Outlook Will Guide Future Performance

Analysts have modestly revised their price target on Mills Locação Serviços e Logística to R$15.36, reflecting slightly lower perceived risk and expectations of more efficient future earnings, while keeping core growth and margin assumptions intact. What's in the News Company scheduled a Special and Extraordinary Shareholders Meeting for December 12, 2025, to deliberate corporate matters requiring shareholder approval (Key Developments) Valuation Changes Fair Value: unchanged at R$15.36 per share, indicating stable long term return expectations.
RENT3
R$43.96
Localiza Rent a Car
7D
0.9%
1Y
43.0%
TPIS3
R$5.05
Triunfo Participações e Investimentos
7D
-6.0%
1Y
-7.8%
ECOR3
R$10.90
EcoRodovias Infraestrutura e Logística
7D
2.8%
1Y
153.5%

ECOR3 Lower Discount Rate Will Likely Fail To Justify Current Pricing

Analysts have raised their price target for EcoRodovias Infraestrutura e Logística from R$7.40 to R$9.00, citing a lower perceived risk profile reflected in a reduced discount rate. This is partially offset by slightly weaker revenue growth and margin assumptions and a modestly higher future P E multiple.
GGPS3
R$16.53
GPS Participações e Empreendimentos
7D
2.3%
1Y
27.8%

Is GPS Participações e Empreendimentos (BVMF:GGPS3) Using Too Much Debt?

Dec 23
Is GPS Participações e Empreendimentos (BVMF:GGPS3) Using Too Much Debt?
RAIL3
R$14.66
Rumo
7D
-0.7%
1Y
-18.6%

RAIL3 Stronger Profit Margins Will Support A More Optimistic Outlook

Narrative Update on Rumo Analysts have modestly raised their price target on Rumo to R$16.50, reflecting higher expected profitability and a slightly improved valuation multiple despite slower projected revenue growth. Valuation Changes Fair Value Estimate remains unchanged at R$16.50, indicating no revision to the intrinsic price target.
TGMA3
R$36.10
Tegma Gestão Logística
7D
-2.4%
1Y
26.7%

TGMA3: Stronger Margins And Higher Earnings Multiple May Support Future Upside

Analysts have slightly reduced their price target for Tegma Gestão Logística from R$44.85 to R$44.60. This adjustment reflects more moderate revenue growth expectations, alongside recognition of marginally stronger profit margins and a higher future earnings multiple.
MOTV3
R$15.35
Motiva Infraestrutura de Mobilidade
7D
1.9%
1Y
50.2%

MOTV3: Future Earnings Multiples And Margins Will Support Attractive Share Upside

Analysts have modestly raised their price target on Motiva Infraestrutura de Mobilidade to R$18.03 from R$17.51. This change reflects slightly higher long term profitability expectations and valuation multiples, despite a more conservative view on revenue growth and risk.
SIMH3
R$5.32
SIMPAR
7D
2.5%
1Y
51.6%
HBSA3
R$3.83
Hidrovias do Brasil
7D
4.4%
1Y
35.3%
LOGN3
R$33.25
Log-In Logística Intermodal
7D
-1.6%
1Y
58.1%
ALPK3
R$4.56
Allpark Empreendimentos Participações e Serviços
7D
-5.2%
1Y
97.4%

Allpark Empreendimentos Participações e Serviços (BVMF:ALPK3) Shareholders Will Want The ROCE Trajectory To Continue

Nov 30
Allpark Empreendimentos Participações e Serviços (BVMF:ALPK3) Shareholders Will Want The ROCE Trajectory To Continue
VLID3
R$20.66
Valid Soluções
7D
-3.5%
1Y
-12.9%