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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies45
  • 7D-1.1%
  • 3M13.6%
  • 1Y11.4%
  • YTD10.6%

Over the last 7 days, the Industrials industry has dropped 1.1%, driven by a pullback from WEG of 3.0%. Meanwhile, MRS Logística actually outperformed within the industry, gaining 14% in the last week. In the past year, the industry has gained 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
Wed, 11 Feb 2026R$517.6bR$341.8bR$18.4b11.7x28.1x1.5x
Fri, 09 Jan 2026R$467.7bR$344.8bR$18.4b10.7x25.4x1.4x
Sun, 07 Dec 2025R$461.3bR$344.8bR$18.4b10.5x25.1x1.3x
Tue, 04 Nov 2025R$439.6bR$341.6bR$21.0b10x20.9x1.3x
Thu, 02 Oct 2025R$429.1bR$343.5bR$21.0b9.1x20.5x1.2x
Sat, 30 Aug 2025R$435.6bR$343.4bR$20.9b9.1x20.8x1.3x
Mon, 28 Jul 2025R$415.0bR$336.3bR$17.6b8.7x23.5x1.2x
Wed, 25 Jun 2025R$466.3bR$335.3bR$17.5b9.3x26.6x1.4x
Fri, 23 May 2025R$457.9bR$336.1bR$16.8b9.2x27.2x1.4x
Sun, 20 Apr 2025R$463.3bR$326.4bR$15.8b9x29.2x1.4x
Tue, 18 Mar 2025R$468.4bR$324.6bR$17.1b8.4x27.5x1.4x
Thu, 13 Feb 2025R$476.4bR$313.7bR$18.2b8.1x26.2x1.5x
Sat, 11 Jan 2025R$471.5bR$313.7bR$18.5b8x25.4x1.5x
Mon, 09 Dec 2024R$494.0bR$313.7bR$18.5b8.5x26.6x1.6x
Wed, 06 Nov 2024R$508.4bR$299.7bR$17.1b10.6x29.7x1.7x
Fri, 04 Oct 2024R$501.6bR$295.8bR$16.5b10.6x30.5x1.7x
Sun, 01 Sep 2024R$500.6bR$295.7bR$16.5b11.6x30.4x1.7x
Tue, 30 Jul 2024R$462.1bR$282.5bR$18.4b10.5x25.1x1.6x
Thu, 27 Jun 2024R$424.7bR$297.4bR$18.5b11.7x22.9x1.4x
Sat, 25 May 2024R$416.3bR$297.5bR$18.5b12.6x22.5x1.4x
Mon, 22 Apr 2024R$422.4bR$287.3bR$17.2b11.4x24.5x1.5x
Wed, 20 Mar 2024R$437.6bR$285.5bR$17.0b11.9x25.7x1.5x
Fri, 16 Feb 2024R$400.7bR$292.9bR$16.1b10.3x24.9x1.4x
Sun, 14 Jan 2024R$430.3bR$292.2bR$15.5b11.4x27.8x1.5x
Tue, 12 Dec 2023R$429.4bR$292.2bR$15.5b11.8x27.7x1.5x
Thu, 09 Nov 2023R$398.3bR$288.8bR$15.5b11.9x25.6x1.4x
Sat, 07 Oct 2023R$401.8bR$285.9bR$15.3b12.5x26.3x1.4x
Mon, 04 Sep 2023R$433.7bR$285.9bR$15.3b12.6x28.3x1.5x
Wed, 02 Aug 2023R$449.6bR$276.0bR$15.6b13x28.8x1.6x
Fri, 30 Jun 2023R$430.2bR$274.4bR$15.0b12.5x28.7x1.6x
Sun, 28 May 2023R$433.5bR$273.9bR$15.3b12.6x28.4x1.6x
Tue, 25 Apr 2023R$411.6bR$264.8bR$18.4b10x22.4x1.6x
Thu, 23 Mar 2023R$376.1bR$226.0bR$16.9b9.7x22.3x1.7x
Sat, 18 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 Market0.023%
Industrials-1.12%
Transportation3.21%
Trade Distributors1.10%
Logistics0%0
Airlines0%0
Machinery-0.093%
Marine and Shipping-0.84%
Construction-0.85%
Industrials-0.93%
Commercial Services-1.02%
Aerospace & Defense-1.94%
Infrastructure-2.27%
Electrical-2.96%
Building-4.26%
Professional Services-12.70%
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
MRSA3B MRS LogísticaR$48.9014.3%
+R$2.1b		50.5%PE10.9x
RAIL3 RumoR$15.905.5%
+R$1.5b		-15.3%PE79x
MOVI3 Movida ParticipaçõesR$13.905.7%
+R$254.9m		274.7%PE17x
JSLG3 JSLR$8.5410.8%
+R$236.1m		44.5%PE25.8x
SIMH3 SIMPARR$6.860.9%
+R$51.2m		91.1%PS0.1x

Latest News

PRNR3
R$19.72
Priner Serviços Industriais
7D
4.6%
1Y
21.4%

Market Might Still Lack Some Conviction On Priner Serviços Industriais S.A. (BVMF:PRNR3) Even After 25% Share Price Boost

Feb 11
Market Might Still Lack Some Conviction On Priner Serviços Industriais S.A. (BVMF:PRNR3) Even After 25% Share Price Boost
MOTV3
R$16.99
Motiva Infraestrutura de Mobilidade
7D
-1.3%
1Y
47.6%
ORVR3
R$73.00
Orizon Valorização de Resíduos
7D
-3.1%
1Y
70.0%

ORVR3: Fairly Valued Outlook Will Depend On Margins And Higher Future P/E

Analysts have lifted their fair value estimate for Orizon Valorização de Resíduos from $75.17 to $78.15, citing a slightly lower discount rate and updated assumptions for profit margins and future P/E multiples. Valuation Changes Fair Value: lifted from R$75.17 to R$78.15, representing a small upward revision in the estimate.
RENT3
R$50.49
Localiza Rent a Car
7D
-0.3%
1Y
62.7%
EMBJ3
R$93.93
Embraer
7D
-1.9%
1Y
56.2%

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$4.38
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
0.2%
1Y
-3.7%

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).
ECOR3
R$10.59
EcoRodovias Infraestrutura e Logística
7D
-6.9%
1Y
108.9%

ECOR3: Lower Discount Rate Will Support Stronger Future Pricing Potential

Analysts have trimmed their fair value estimate for EcoRodovias Infraestrutura e Logística from R$17.69 to R$17.62, reflecting slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value Estimate was trimmed slightly from R$17.69 to R$17.62 per share, reflecting modest model updates.
RAIL3
R$15.90
Rumo
7D
5.5%
1Y
-15.3%

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$0.000005
Azul
7D
-58.3%
1Y
n/a
WEGE3
R$52.40
WEG
7D
-3.0%
1Y
-1.3%

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.
JSLG3
R$8.54
JSL
7D
10.8%
1Y
44.5%

JSLG3: Fair Outlook Will Balance Higher Margins And Scheduled Shareholder Meeting

Analysts have lifted their price target on JSL from R$7.00 to R$7.60, citing updated assumptions around discount rates, profit margins and future P/E, which they believe better reflect the stock’s current risk and earnings profile. What's in the News JSL has scheduled a Special and Extraordinary Shareholders Meeting for December 30, 2025.
MRSA3B
R$48.90
MRS Logística
7D
14.3%
1Y
50.5%
MILS3
R$15.19
Mills Locação Serviços e Logística
7D
-2.4%
1Y
61.6%

MILS3: Future Profitability Assumptions Will Likely Prove Too Optimistic

Analysts have adjusted their price target for Mills Locação Serviços e Logística to R$11.20 from R$10.60, reflecting updated assumptions about the discount rate, revenue growth, profit margin and future P/E. What's in the News Mills Locação Serviços e Logística was removed from the Brazil Industrial Sector Index, which may affect how some index linked investors and funds view or hold the stock (Key Developments).
TPIS3
R$6.20
Triunfo Participações e Investimentos
7D
11.1%
1Y
33.9%

Triunfo Participações e Investimentos' (BVMF:TPIS3) Returns On Capital Are Heading Higher

Jan 29
Triunfo Participações e Investimentos' (BVMF:TPIS3) Returns On Capital Are Heading Higher
SIMH3
R$6.86
SIMPAR
7D
0.9%
1Y
91.1%

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
MOVI3
R$13.90
Movida Participações
7D
5.7%
1Y
274.7%

Investors Still Aren't Entirely Convinced By Movida Participações S.A.'s (BVMF:MOVI3) Revenues Despite 33% Price Jump

Jan 28
Investors Still Aren't Entirely Convinced By Movida Participações S.A.'s (BVMF:MOVI3) Revenues Despite 33% Price Jump