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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies44
  • 7D2.3%
  • 3M3.2%
  • 1Y16.3%
  • YTD3.8%

The Industrials industry is up 2.3% in the last week, with WEG up 5.9%. In the last 12 months, the industry was up 16%. 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
Wed, 01 Apr 2026R$480.3bR$344.6bR$18.0b11.5x26.7x1.4x
Fri, 27 Feb 2026R$505.9bR$341.2bR$18.3b11.8x27.7x1.5x
Sun, 25 Jan 2026R$496.3bR$344.8bR$18.4b11.5x27x1.4x
Tue, 23 Dec 2025R$471.5bR$344.8bR$18.4b10.2x25.6x1.4x
Thu, 20 Nov 2025R$447.8bR$346.8bR$19.0b11x23.5x1.3x
Sat, 18 Oct 2025R$416.3bR$340.1bR$20.2b9x20.6x1.2x
Mon, 15 Sep 2025R$436.6bR$343.5bR$21.0b9.1x20.8x1.3x
Wed, 13 Aug 2025R$429.7bR$340.3bR$20.2b9.4x21.3x1.3x
Fri, 11 Jul 2025R$450.3bR$335.3bR$17.5b9.1x25.7x1.3x
Sun, 08 Jun 2025R$466.2bR$336.0bR$16.6b9x28x1.4x
Tue, 06 May 2025R$429.6bR$306.8bR$14.8b9.3x29.1x1.4x
Thu, 03 Apr 2025R$445.2bR$326.4bR$16.4b8.4x27.2x1.4x
Sat, 01 Mar 2025R$457.3bR$323.2bR$17.1b8.1x26.8x1.4x
Mon, 27 Jan 2025R$489.1bR$313.7bR$18.5b8.1x26.4x1.6x
Wed, 25 Dec 2024R$475.9bR$313.7bR$18.5b8.2x25.7x1.5x
Fri, 22 Nov 2024R$514.8bR$313.6bR$18.5b9.4x27.8x1.6x
Sun, 20 Oct 2024R$503.4bR$295.8bR$16.5b11x30.6x1.7x
Tue, 17 Sep 2024R$499.2bR$295.8bR$16.5b12.2x30.3x1.7x
Thu, 15 Aug 2024R$491.2bR$295.3bR$18.5b14.3x26.5x1.7x
Sat, 13 Jul 2024R$463.2bR$282.7bR$18.4b11.8x25.2x1.6x
Mon, 10 Jun 2024R$405.6bR$297.5bR$18.6b12.9x21.9x1.4x
Wed, 08 May 2024R$426.6bR$288.1bR$17.0b12.1x25x1.5x
Fri, 05 Apr 2024R$435.5bR$287.0bR$17.2b11.6x25.4x1.5x
Sun, 03 Mar 2024R$422.0bR$293.3bR$16.6b10.4x25.3x1.4x
Tue, 30 Jan 2024R$412.3bR$292.2bR$15.5b11.1x26.6x1.4x
Thu, 28 Dec 2023R$446.3bR$292.2bR$15.5b11.8x28.8x1.5x
Sat, 25 Nov 2023R$418.9bR$292.7bR$16.0b11.9x26.2x1.4x
Mon, 23 Oct 2023R$388.5bR$285.9bR$15.3b12.4x25.4x1.4x
Wed, 20 Sep 2023R$427.8bR$285.9bR$15.3b12.9x28x1.5x
Fri, 18 Aug 2023R$428.1bR$285.9bR$15.6b12.3x27.5x1.5x
Sun, 16 Jul 2023R$425.6bR$274.4bR$15.0b12.7x28.4x1.6x
Tue, 13 Jun 2023R$439.0bR$273.8bR$15.2b13.2x28.9x1.6x
Thu, 11 May 2023R$416.3bR$268.3bR$15.9b11.8x26.2x1.6x
Sat, 08 Apr 2023R$395.1bR$263.8bR$18.3b9.4x21.5x1.5x
Price to Earnings Ratio

21.5x


Total Market Cap: R$395.1bTotal Earnings: R$18.3bTotal Revenue: R$263.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.7x202420252026
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 25.7x.
  • 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 9.3% 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 Market1.00%
Industrials2.30%
Electrical5.87%
Construction2.85%
Machinery1.21%
Infrastructure0.61%
Commercial Services0.21%
Industrials0%0
Logistics0%0
Airlines0%0
Aerospace & Defense-0.41%
Marine and Shipping-0.86%
Transportation-0.92%
Trade Distributors-2.83%
Professional Services-4.78%
Building-7.21%
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 30.5%, which is higher than its past year's earnings growth of 18.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Transportation industry, expecting annual earnings growth of 41% over the next 5 years.
  • This is better than its past earnings decline of 3.3% 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$51.015.9%
+R$11.9b		13.6%PE33.6x
ORVR3 Orizon Valorização de ResíduosR$71.374.3%
+R$284.5m		68.7%PE114.1x
JSLG3 JSLR$7.6412.9%
+R$247.5m		39.7%PE26.6x
TUPY3 TupyR$13.4711.6%
+R$183.5m		-25.2%PS0.2x
MOTV3 Motiva Infraestrutura de MobilidadeR$15.810.5%
+R$160.8m		34.2%PE10.9x

Latest News

TGMA3
R$31.28
Tegma Gestão Logística
7D
4.8%
1Y
-9.1%
JSLG3
R$7.64
JSL
7D
12.9%
1Y
39.7%

JSLG3: Stronger Margins And Lower P/E Will Support Upside Potential

Analysts have adjusted their outlook on JSL, updating price targets in R$ terms as they refine assumptions around slightly higher revenue growth of 9.46% and a modestly stronger profit margin of 7.38%, alongside a lower future P/E of 4.99x. Valuation Changes R$ Fair Value: Held steady at R$8.0, with no change in the updated assessment.
RENT3
R$46.98
Localiza Rent a Car
7D
-1.3%
1Y
28.9%
RAIL3
R$16.25
Rumo
7D
-2.2%
1Y
-3.7%
TUPY3
R$13.47
Tupy
7D
11.6%
1Y
-25.2%

TUPY3: Higher Margin Outlook And Lower P/E Will Drive Future Upside

Analysts trimmed their price target on Tupy to R$16.83 from R$16.84 as updated assumptions reflect slightly higher revenue growth and profit margins, along with a lower future P/E multiple. What's in the News Tupy scheduled a Special and Extraordinary Shareholders Meeting for February 13, 2026, to be held exclusively remotely in Brazil (company event filing).
LOGN3
R$32.15
Log-In Logística Intermodal
7D
0.5%
1Y
53.1%
ORVR3
R$71.37
Orizon Valorização de Resíduos
7D
4.3%
1Y
68.7%

ORVR3: Future Upside Will Rely On Margins And Higher P/E

Analysts have kept their fair value estimate for Orizon Valorização de Resíduos steady at R$81.46. They point to only minor tweaks in the underlying discount rate, revenue growth and profit margin assumptions, as well as a slightly higher future P/E input.
GGPS3
R$16.70
GPS Participações e Empreendimentos
7D
-1.2%
1Y
35.0%

GGPS3: Higher Future P/E And Stock Split Will Support Stronger Returns

Analysts have slightly trimmed their price target for GPS Participações e Empreendimentos from R$23.31 to R$23.01, reflecting updated assumptions on discount rates, profit margins and a higher future P/E multiple. Valuation Changes Fair Value: Trimmed slightly from R$23.31 to R$23.01.
ARML3
R$4.92
Armac Locação Logística e Serviços
7D
-6.1%
1Y
18.8%
MOTV3
R$15.81
Motiva Infraestrutura de Mobilidade
7D
0.5%
1Y
34.2%

MOTV3: Higher Future P/E And Governance Decisions Will Support Stronger Returns

Analysts have updated their view on Motiva Infraestrutura de Mobilidade with an unchanged fair value estimate at R$18.88. The estimate is now supported by adjusted assumptions that include a higher discount rate, a slightly higher revenue growth outlook, a marginally lower profit margin, and a higher future P/E multiple.
EMBJ3
R$76.95
Embraer
7D
-0.3%
1Y
18.6%
ECOR3
R$8.43
EcoRodovias Infraestrutura e Logística
7D
1.2%
1Y
43.9%

ECOR3: Stable Margins And Undervalued P/E Will Support Future Upside

Narrative Update on EcoRodovias Infraestrutura e Logística Analysts are keeping their R$17.62 price target for EcoRodovias Infraestrutura e Logística unchanged, citing a mix of softer expected revenue growth and slightly higher projected profit margins, along with a steady forward P/E assumption. Valuation Changes Fair Value: The R$17.62 fair value estimate is unchanged, indicating no revision to the central valuation point.
WEGE3
R$51.01
WEG
7D
5.9%
1Y
13.6%
HBSA3
R$4.08
Hidrovias do Brasil
7D
-1.7%
1Y
80.5%

Core Waterway Corridors And Deleveraging Will Support More Resilient Long Term Earnings

Catalysts About Hidrovias do Brasil Hidrovias do Brasil operates logistics corridors focused on waterway transportation of bulk cargo in Brazil and neighboring regions. What are the underlying business or industry changes driving this perspective?
KEPL3
R$8.21
Kepler Weber
7D
-4.9%
1Y
10.8%
AZUL53
R$0.00023
Azul
7D
-4.6%
1Y
n/a