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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies45
  • 7D-0.7%
  • 3M17.7%
  • 1Y3.2%
  • YTD0.008%

Last week, the Industrials industry hasn't moved much but Embraer is up 3.2% in that time. As for the the longer term, the industry is up 3.2% over the past 12 months. 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
Mon, 12 Jan 2026R$465.0bR$344.8bR$18.4b10.8x25.3x1.3x
Wed, 10 Dec 2025R$466.1bR$344.8bR$18.4b10.3x25.3x1.4x
Fri, 07 Nov 2025R$450.1bR$341.8bR$21.0b10.2x21.5x1.3x
Sun, 05 Oct 2025R$417.8bR$343.5bR$21.0b8.9x19.9x1.2x
Tue, 02 Sep 2025R$435.3bR$343.4bR$20.9b9x20.8x1.3x
Thu, 31 Jul 2025R$424.5bR$335.7bR$18.3b8.9x23.2x1.3x
Sat, 28 Jun 2025R$464.0bR$335.3bR$17.5b9.2x26.5x1.4x
Mon, 26 May 2025R$457.6bR$336.1bR$16.6b9x27.5x1.4x
Wed, 23 Apr 2025R$463.3bR$326.5bR$15.8b9.3x29.2x1.4x
Fri, 21 Mar 2025R$465.3bR$325.9bR$17.1b8.2x27.2x1.4x
Sun, 16 Feb 2025R$485.4bR$313.7bR$18.2b8.2x26.7x1.5x
Tue, 14 Jan 2025R$463.6bR$313.7bR$18.5b7.8x25x1.5x
Thu, 12 Dec 2024R$499.0bR$313.7bR$18.5b9.2x26.9x1.6x
Sat, 09 Nov 2024R$509.1bR$300.1bR$17.3b9.8x29.4x1.7x
Mon, 07 Oct 2024R$501.4bR$295.8bR$16.5b10.4x30.5x1.7x
Wed, 04 Sep 2024R$491.7bR$295.7bR$16.5b11.9x29.9x1.7x
Fri, 02 Aug 2024R$488.0bR$285.5bR$18.6b10.1x26.2x1.7x
Sun, 30 Jun 2024R$425.0bR$297.4bR$18.5b11.7x23x1.4x
Tue, 28 May 2024R$412.4bR$286.6bR$18.1b12.7x22.7x1.4x
Thu, 25 Apr 2024R$416.7bR$287.3bR$17.2b11.5x24.2x1.5x
Sat, 23 Mar 2024R$443.9bR$285.2bR$17.9b11.3x24.9x1.6x
Mon, 19 Feb 2024R$399.7bR$292.9bR$16.1b10.1x24.8x1.4x
Wed, 17 Jan 2024R$428.5bR$292.2bR$15.5b10.8x27.6x1.5x
Fri, 15 Dec 2023R$440.8bR$292.2bR$15.5b11.8x28.4x1.5x
Sun, 12 Nov 2023R$403.5bR$290.5bR$15.3b11.7x26.5x1.4x
Tue, 10 Oct 2023R$404.6bR$285.9bR$15.3b12.4x26.4x1.4x
Thu, 07 Sep 2023R$428.4bR$285.9bR$15.3b12.6x28x1.5x
Sat, 05 Aug 2023R$455.9bR$276.4bR$15.6b13x29.2x1.6x
Mon, 03 Jul 2023R$437.1bR$274.4bR$15.0b12.6x29.1x1.6x
Wed, 31 May 2023R$425.8bR$273.8bR$15.2b12.5x28x1.6x
Fri, 28 Apr 2023R$411.6bR$266.4bR$18.5b9.9x22.3x1.5x
Sun, 26 Mar 2023R$398.7bR$263.0bR$18.5b9.3x21.6x1.5x
Tue, 21 Feb 2023R$396.7bR$237.1bR$17.6b11.8x22.6x1.7x
Thu, 19 Jan 2023R$389.6bR$234.3bR$16.8b10.5x23.2x1.7x
Price to Earnings Ratio

23.2x


Total Market Cap: R$389.6bTotal 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 Market0.78%
Industrials-0.73%
Marine and Shipping5.53%
Commercial Services5.36%
Aerospace & Defense3.30%
Infrastructure2.90%
Machinery2.05%
Building1.53%
Industrials0.87%
Construction0%0
Logistics0%0
Airlines0%0
Transportation-0.45%
Trade Distributors-1.43%
Electrical-4.12%
Professional Services-7.95%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 13.7x.
    • 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$95.853.2%
+R$2.1b		69.5%PE38.3x
MOTV3 Motiva Infraestrutura de MobilidadeR$15.542.8%
+R$864.3m		53.1%PE10.8x
GGPS3 GPS Participações e EmpreendimentosR$17.505.9%
+R$727.5m		40.4%PE19.9x
HBSA3 Hidrovias do BrasilR$3.934.8%
+R$244.9m		45.0%PS2.9x
ECOR3 EcoRodovias Infraestrutura e LogísticaR$10.982.9%
+R$215.6m		136.6%PE8.3x

Latest News

ORVR3
R$71.88
Orizon Valorização de Resíduos
7D
2.8%
1Y
96.5%
TGMA3
R$35.50
Tegma Gestão Logística
7D
-2.5%
1Y
26.8%

TGMA3: Stable Assumptions And Upcoming Meetings Will Support Future Upside

Analysts have kept their fair value estimate for Tegma Gestão Logística steady at R$44.60, with only marginal tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E assumptions guiding this unchanged price target. What's in the News Tegma Gestão Logística has scheduled a Special and Extraordinary Shareholders Meeting for November 14, 2025, to be held remotely in Brazil (Key Developments).
MOTV3
R$15.54
Motiva Infraestrutura de Mobilidade
7D
2.8%
1Y
53.1%

MOTV3: Lower Discount Rate And Margins Will Support Attractive Share Upside

Analysts have nudged their price target for Motiva Infraestrutura de Mobilidade slightly higher to R$18.07 from R$18.03, reflecting updated views on the discount rate, revenue trends, profit margin and future P/E assumptions. Valuation Changes Fair Value: The price estimate has edged up from R$18.03 to roughly R$18.07 per share, a very small upward move.
ECOR3
R$10.98
EcoRodovias Infraestrutura e Logística
7D
2.9%
1Y
136.6%

ECOR3: Rich Pricing Will Persist Despite Higher Margins And Lower Discount Rate

Analysts have nudged their price target for EcoRodovias Infraestrutura e Logística up from R$9.00 to R$9.50, citing updated assumptions that include a smaller projected revenue decline, higher profit margins, a lower future P/E multiple, and a modest adjustment in the discount rate. Valuation Changes Fair Value Estimate raised slightly from R$9.00 to R$9.50 per share.
RENT3
R$43.21
Localiza Rent a Car
7D
-1.2%
1Y
50.2%

RENT3: Index Changes And Share Structure Moves Will Support Future Upside

Analysts have reduced their price target on Localiza Rent a Car to R$67.45 from R$68.60, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. What's in the News Localiza Rent a Car S.A., through its Cotas Fund, has been added to multiple Brazilian equity indices, including the Brazil IBRX 50, IBRX, IBOVESPA, Special Tag Along Stock, Special Corporate Governance Stock, and Mid Large Cap indices.
EMBJ3
R$95.85
Embraer
7D
3.2%
1Y
69.5%

EMBJ3: Strong Order Momentum And Guidance Will Support Future Upside

Analysts have lifted their fair value estimate for Embraer from US$105.75 to US$109.14, reflecting higher Street price targets in the US$70 to US$80 range and updated views that the current valuation still looks attractive after recent company updates. Analyst Commentary Recent Street updates point to a more constructive stance on Embraer, with large banks lifting their price targets and reiterating positive ratings after key company events.
WEGE3
R$46.10
WEG
7D
-4.1%
1Y
-13.4%

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.
JSLG3
R$6.12
JSL
7D
-1.1%
1Y
18.1%
GGPS3
R$17.50
GPS Participações e Empreendimentos
7D
5.9%
1Y
40.4%

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

Dec 23
Is GPS Participações e Empreendimentos (BVMF:GGPS3) Using Too Much Debt?
ARML3
R$4.20
Armac Locação Logística e Serviços
7D
-9.5%
1Y
-10.1%

The Returns At Armac Locação Logística e Serviços (BVMF:ARML3) Aren't Growing

Dec 23
The Returns At Armac Locação Logística e Serviços (BVMF:ARML3) Aren't Growing
MOVI3
R$9.90
Movida Participações
7D
4.1%
1Y
196.4%
SIMH3
R$5.38
SIMPAR
7D
2.3%
1Y
65.0%
HBSA3
R$3.93
Hidrovias do Brasil
7D
4.8%
1Y
45.0%
LOGN3
R$33.10
Log-In Logística Intermodal
7D
-0.7%
1Y
66.8%
ALPK3
R$4.60
Allpark Empreendimentos Participações e Serviços
7D
-3.0%
1Y
91.7%

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
PRNR3
R$15.76
Priner Serviços Industriais
7D
-3.9%
1Y
21.5%