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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedJul 03, 2026
DataAggregated Company Financials
Companies43
  • 7D-0.8%
  • 3M-9.2%
  • 1Y1.1%
  • YTD-5.2%

Last week, the Industrials industry hasn't moved much but MRS Logística is up 6.0% in that time. Furthermore, the industry has been flat for the past year as well. 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, 03 Jul 2026R$438.3bR$347.3bR$18.3b9.9x23.9x1.3x
Sun, 31 May 2026R$424.8bR$347.3bR$18.4b10.1x23.1x1.2x
Tue, 28 Apr 2026R$467.9bR$342.3bR$19.2b13.1x24.4x1.4x
Thu, 26 Mar 2026R$462.1bR$344.0bR$18.1b10.4x25.5x1.3x
Sat, 21 Feb 2026R$511.6bR$341.8bR$18.4b12x27.8x1.5x
Mon, 19 Jan 2026R$462.0bR$344.8bR$18.4b10.6x25.1x1.3x
Wed, 17 Dec 2025R$479.1bR$344.8bR$18.4b10.4x26.1x1.4x
Fri, 14 Nov 2025R$459.4bR$341.9bR$21.0b10.4x21.9x1.3x
Sun, 12 Oct 2025R$409.0bR$343.5bR$21.0b8.9x19.5x1.2x
Tue, 09 Sep 2025R$440.0bR$343.4bR$20.9b9.2x21x1.3x
Thu, 07 Aug 2025R$439.0bR$338.8bR$18.2b8.9x24.1x1.3x
Sat, 05 Jul 2025R$475.5bR$335.3bR$17.5b9.1x27.2x1.4x
Mon, 02 Jun 2025R$468.0bR$336.1bR$16.6b9.3x28.1x1.4x
Wed, 30 Apr 2025R$489.9bR$326.5bR$15.8b9.4x30.9x1.5x
Fri, 28 Mar 2025R$455.2bR$324.0bR$16.7b8.2x27.2x1.4x
Sun, 23 Feb 2025R$472.3bR$313.7bR$18.2b8.1x26x1.5x
Tue, 21 Jan 2025R$472.7bR$313.7bR$18.5b7.9x25.5x1.5x
Thu, 19 Dec 2024R$509.4bR$313.7bR$18.5b8.1x27.5x1.6x
Sat, 16 Nov 2024R$512.2bR$312.2bR$18.6b8.9x27.6x1.6x
Mon, 14 Oct 2024R$495.1bR$295.8bR$16.5b10.5x30.1x1.7x
Wed, 11 Sep 2024R$491.3bR$295.7bR$16.5b11.4x29.9x1.7x
Fri, 09 Aug 2024R$492.5bR$287.0bR$18.8b10.7x26.2x1.7x
Sun, 07 Jul 2024R$434.9bR$282.9bR$18.4b11.5x23.6x1.5x
Tue, 04 Jun 2024R$405.4bR$297.5bR$18.5b12.2x21.9x1.4x
Thu, 02 May 2024R$422.6bR$287.4bR$17.2b11.9x24.5x1.5x
Sat, 30 Mar 2024R$440.0bR$287.2bR$17.3b11.4x25.5x1.5x
Mon, 26 Feb 2024R$414.0bR$293.1bR$16.7b9.8x24.8x1.4x
Wed, 24 Jan 2024R$413.2bR$292.2bR$15.5b11.1x26.7x1.4x
Fri, 22 Dec 2023R$440.4bR$292.2bR$15.5b11.9x28.4x1.5x
Sun, 19 Nov 2023R$418.5bR$287.4bR$15.5b12.3x27.1x1.5x
Tue, 17 Oct 2023R$402.6bR$285.9bR$15.3b12.5x26.3x1.4x
Thu, 14 Sep 2023R$437.3bR$285.9bR$15.3b13.5x28.6x1.5x
Sat, 12 Aug 2023R$449.7bR$282.7bR$15.9b12.4x28.3x1.6x
Mon, 10 Jul 2023R$437.5bR$274.4bR$15.0b12.8x29.2x1.6x
Price to Earnings Ratio

29.2x


Total Market Cap: R$437.5bTotal Earnings: R$15.0bTotal Revenue: R$274.4bTotal 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 1.3x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 6.9% per year over the last three years.
  • Revenues for these companies have grown 8.2% 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-0.40%
Industrials-0.76%
Commercial Services1.69%
Aerospace & Defense1.41%
Infrastructure0.85%
Machinery0.48%
Building0%0
Industrials0%0
Logistics0%0
Airlines0%0
Trade Distributors-0.31%
Electrical-1.36%
Transportation-1.97%
Construction-2.23%
Marine and Shipping-3.36%
Professional Services-6.40%
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 9.7% 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$83.101.5%
+R$854.2m		-0.5%PE34.9x
MRSA3B MRS LogísticaR$41.606.0%
+R$801.0m		44.4%PE10.4x
GGPS3 GPS Participações e EmpreendimentosR$12.465.2%
+R$466.5m		-15.9%PE14.2x
MOTV3 Motiva Infraestrutura de MobilidadeR$14.631.0%
+R$301.6m		6.1%PE10x
LOGN3 Log-In Logística IntermodalR$27.942.0%
+R$58.3m		7.5%PE101.8x

Latest News

EMBJ3
R$83.10
Embraer
7D
1.5%
1Y
-0.5%
MOTV3
R$14.63
Motiva Infraestrutura de Mobilidade
7D
1.0%
1Y
6.1%
Narrative Update • Jul 02

MOTV3: Revised Discount Rate And P/E Assumptions Will Shape Fair Outlook

Analysts have adjusted their price target for Motiva Infraestrutura de Mobilidade to R$15.00 from R$14.30, citing updated assumptions that include a lower discount rate, a smaller projected revenue decline, a reduced profit margin, and a higher future P/E multiple. What's in the News for Motiva Infraestrutura de Mobilidade No recent news items, periodical coverage, or key developments were identified for Motiva Infraestrutura de Mobilidade in the provided sources.
RAIL3
R$13.45
Rumo
7D
-1.8%
1Y
-27.6%
Narrative Update • Jun 30

RAIL3: Future Dividend Policy And Higher P/E Assumptions Will Support Returns

Analysts have trimmed their Rumo price target slightly to around R$19.05 from about R$19.67, reflecting updated assumptions for revenue growth, profit margins, discount rate and future P/E expectations. What’s in the News for Rumo Rumo announced an annual dividend of R$0.1084 per share, scheduled to be paid on November 30, 2026.
JSLG3
R$5.70
JSL
7D
3.3%
1Y
-4.8%
Narrative Update • Jun 26

JSLG3: Lower Growth Assumptions Will Still Support Future Upside Potential

Analysts have revised their price target for JSL to R$6.60 from R$8.00, citing updated assumptions for revenue growth, profit margins and future P/E that point to a more conservative fair value outlook. What's in the News for JSL No recent news stories or key developments for JSL were identified in the provided sources as of 24 Jun 2026.
MOVI3
R$9.41
Movida Participações
7D
-3.0%
1Y
37.6%
Narrative Update • Jun 26

MOVI3: Higher Earnings Power Assumptions Will Support Richer Future P/E

Analysts have raised their fair value estimate for Movida Participações from R$12.38 to R$15.05, citing updated assumptions for revenue growth, profit margins and future P/E that align with recent Street research describing stronger earnings power and expanding product opportunities. Analyst Commentary Recent Street research on consumer companies with perceived earnings power upgrades provides useful context for how analysts are framing the higher fair value estimate for Movida Participações.
ORVR3
R$79.10
Orizon Valorização de Resíduos
7D
0.5%
1Y
47.6%
Narrative Update • Jun 26

ORVR3: Index Inclusion And Governance Events Will Frame A Balanced Outlook

Analysts have raised their price target for Orizon Valorização de Resíduos from R$54.00 to R$84.00, citing updated assumptions related to revenue growth, profitability and the stock's future P/E multiple. What's in the News for Orizon Valorização de Resíduos Orizon Valorização de Resíduos S.A. scheduled a Special and Extraordinary Shareholders Meeting for Jun 08, 2026.
GGPS3
R$12.46
GPS Participações e Empreendimentos
7D
5.2%
1Y
-15.9%
Narrative Update • Jun 26

GGPS3: Higher Revenue Outlook And Selective P/E Assumptions May Support Upside

The latest narrative update on GPS Participações e Empreendimentos reflects a revised analyst price target from R$20.00 to R$16.00. Analysts point to adjusted fair value assumptions, updated discount rates, and refreshed views on revenue growth, profit margins, and future P/E as key drivers of the change.
RENT3
R$41.25
Localiza Rent a Car
7D
-4.3%
1Y
5.3%
Narrative Update • Jun 24

RENT3: Index Removal And 2026 Meeting Will Support Bullish Re-Rating Narrative

Analysts have maintained their fair value estimate for Localiza Rent a Car at R$50.00. Recent price target adjustments mainly reflect a higher implied discount rate and more moderate revenue growth expectations following the latest research updates.
VAMO3
R$2.80
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
-2.8%
1Y
-29.5%
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$46.26
WEG
7D
-1.4%
1Y
7.6%
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.
ECOR3
R$7.45
EcoRodovias Infraestrutura e Logística
7D
0.7%
1Y
1.1%
Narrative Update • Jun 17

ECOR3: Higher Margin Outlook Supports Bullish View On Future Stock Price

The analyst price target for EcoRodovias Infraestrutura e Logística has been raised from R$9.60 to R$10.00, with analysts citing adjusted assumptions for the discount rate, revenue trends, profit margin and future P/E to support the updated view. What’s in the News for EcoRodovias Infraestrutura e Logística Analysts adjusted their assumptions on discount rate, revenue trends, profit margin and future P/E when revising their price target for EcoRodovias Infraestrutura e Logística to R$10.00.
TUPY3
R$14.88
Tupy
7D
-4.3%
1Y
-17.7%
Narrative Update • Jun 15

TUPY3: 2026 Guidance And Higher Future P/E Support Bullish Case

Analysts have raised Tupy's price target from R$17.50 to R$56.67, citing updated assumptions that include slightly higher revenue growth, profit margin expectations, and a higher future P/E multiple. What's in the News Tupy issued earnings guidance for 2026, indicating an expectation for total revenue to exceed R$600 million.
LOGN3
R$27.94
Log-In Logística Intermodal
7D
2.0%
1Y
7.5%
MRSA3B
R$41.60
MRS Logística
7D
6.0%
1Y
44.4%
HBSA3
R$3.48
Hidrovias do Brasil
7D
-6.5%
1Y
-1.4%
Analysis Article • May 12

We Think That There Are Issues Underlying Hidrovias do Brasil's (BVMF:HBSA3) Earnings

Hidrovias do Brasil S.A. ( BVMF:HBSA3 ) announced strong profits, but the stock was stagnant. Our analysis suggests...
AZUL3
R$23.06
Azul
7D
-3.9%
1Y
n/a