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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedJun 03, 2026
DataAggregated Company Financials
Companies43
  • 7D-2.5%
  • 3M-12.5%
  • 1Y-5.1%
  • YTD-10.4%

Over the last 7 days, the Industrials industry has dropped 2.5%, driven by a pullback from WEG of 3.3%. However, the industry is down 5.1% over the past year. 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
Wed, 03 Jun 2026R$414.6bR$347.3bR$18.3b9.7x22.7x1.2x
Fri, 01 May 2026R$441.7bR$342.3bR$19.2b12.6x23x1.3x
Sun, 29 Mar 2026R$455.4bR$344.6bR$18.0b11.4x25.3x1.3x
Tue, 24 Feb 2026R$517.5bR$341.8bR$18.4b11.7x28.1x1.5x
Thu, 22 Jan 2026R$461.6bR$344.8bR$18.4b10.9x25.1x1.3x
Sat, 20 Dec 2025R$465.6bR$344.8bR$18.4b10.8x25.3x1.4x
Mon, 17 Nov 2025R$457.7bR$343.9bR$20.0b10.5x22.8x1.3x
Wed, 15 Oct 2025R$403.4bR$340.1bR$20.2b8.9x20x1.2x
Fri, 12 Sep 2025R$439.0bR$343.5bR$21.0b9.2x20.9x1.3x
Sun, 10 Aug 2025R$434.7bR$335.9bR$20.0b9.2x21.7x1.3x
Tue, 08 Jul 2025R$470.2bR$335.3bR$17.5b9.1x26.9x1.4x
Thu, 05 Jun 2025R$476.7bR$336.0bR$16.6b9.2x28.7x1.4x
Sat, 03 May 2025R$465.6bR$328.5bR$16.0b9.6x29x1.4x
Mon, 31 Mar 2025R$448.9bR$326.4bR$16.6b8.2x27x1.4x
Wed, 26 Feb 2025R$463.7bR$315.0bR$17.7b8x26.2x1.5x
Fri, 24 Jan 2025R$484.9bR$313.7bR$18.5b8.1x26.1x1.5x
Sun, 22 Dec 2024R$482.6bR$313.7bR$18.5b8.2x26x1.5x
Tue, 19 Nov 2024R$512.1bR$313.5bR$18.7b9.3x27.4x1.6x
Thu, 17 Oct 2024R$516.7bR$295.8bR$16.5b11.2x31.4x1.7x
Sat, 14 Sep 2024R$503.9bR$295.8bR$16.5b12.2x30.6x1.7x
Mon, 12 Aug 2024R$497.6bR$289.9bR$19.2b11.8x25.9x1.7x
Wed, 10 Jul 2024R$450.0bR$282.7bR$18.4b11.5x24.5x1.6x
Fri, 07 Jun 2024R$409.2bR$297.5bR$18.6b12.4x22x1.4x
Sun, 05 May 2024R$427.9bR$287.7bR$17.3b12.2x24.7x1.5x
Tue, 02 Apr 2024R$433.7bR$287.0bR$17.1b11.8x25.3x1.5x
Thu, 29 Feb 2024R$424.3bR$293.4bR$16.7b10.3x25.4x1.4x
Sat, 27 Jan 2024R$415.2bR$292.2bR$15.5b11.1x26.8x1.4x
Mon, 25 Dec 2023R$445.9bR$292.2bR$15.5b11.9x28.8x1.5x
Wed, 22 Nov 2023R$417.8bR$292.0bR$16.0b12.3x26.2x1.4x
Fri, 20 Oct 2023R$390.2bR$285.9bR$15.3b12.4x25.5x1.4x
Sun, 17 Sep 2023R$430.2bR$285.9bR$15.3b13.4x28.1x1.5x
Tue, 15 Aug 2023R$445.2bR$284.1bR$16.4b12.5x27.2x1.6x
Thu, 13 Jul 2023R$430.5bR$274.4bR$15.0b12.6x28.7x1.6x
Sat, 10 Jun 2023R$439.0bR$273.8bR$15.2b13.3x28.9x1.6x
Price to Earnings Ratio

28.9x


Total Market Cap: R$439.0bTotal Earnings: R$15.2bTotal Revenue: R$273.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Brazilian Industrials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 22.7x which is lower than its 3-year average PE of 25.7x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 6.4% per year over the last three years.
  • Revenues for these companies have grown 8.3% 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-1.20%
Industrials-2.46%
Construction3.48%
Building0%0
Industrials0%0
Logistics0%0
Airlines0%0
Trade Distributors-1.36%
Transportation-1.42%
Infrastructure-1.82%
Commercial Services-1.99%
Aerospace & Defense-2.02%
Professional Services-2.54%
Marine and Shipping-2.55%
Machinery-3.12%
Electrical-3.34%
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 38.0%, 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 38% over the next 5 years.
  • This is better than its past earnings decline of 52% per year.
  • In contrast, the Trade Distributors industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
RAIL3 RumoR$14.191.0%
+R$259.8m		-27.8%PE25.3x
ORVR3 Orizon Valorização de ResíduosR$77.981.3%
+R$94.2m		47.6%PE86.8x
MILS3 Mills Locação Serviços e LogísticaR$15.301.1%
+R$36.4m		42.6%PE8.1x
OPCT3 OceanPact Serviços MarítimosR$10.781.3%
+R$27.9m		72.8%PE17.7x
ALPK3 Allpark Empreendimentos Participações e ServiçosR$4.541.8%
+R$17.5m		35.5%PE73.4x

Latest News

RAIL3
R$14.19
Rumo
7D
1.0%
1Y
-27.8%
Narrative Update • Jun 02

RAIL3: Dividend And Stronger Revenue Outlook Will Support Richer P/E Multiple

Analysts have trimmed their Rumo fair value estimate from R$24.00 to R$23.00, citing updated assumptions that include a different discount rate, higher projected revenue growth, lower profit margin expectations and a higher future P/E multiple. What's in the News Rumo S.A. declared an annual dividend of R$0.1084 per share.
MOTV3
R$14.15
Motiva Infraestrutura de Mobilidade
7D
-1.3%
1Y
4.6%
Narrative Update • Jun 02

MOTV3: April 2026 Meeting Will Support Stronger Future Returns

Analysts have trimmed their price target for Motiva Infraestrutura de Mobilidade from R$18.97 to R$18.35, citing slightly weaker revenue growth assumptions, partly offset by a modestly higher projected profit margin and a similar forward P/E multiple. What's in the News Motiva Infraestrutura de Mobilidade has scheduled a Special and Extraordinary Shareholders Meeting for April 15, 2026, according to company disclosures.
TUPY3
R$12.99
Tupy
7D
0.7%
1Y
-31.1%
Narrative Update • May 31

TUPY3: 2026 Revenue Outlook Will Support Higher Earnings Conviction

Analysts have nudged their price target for Tupy from R$17.22 to R$17.50, citing updated assumptions for revenue growth, profit margins, and a revised future P/E multiple as key drivers of the change. What's in the News Tupy issued earnings guidance for 2026, indicating that total revenue is expected to exceed R$600 million (Key Developments).
CALI3
R$24.96
Construtora Adolpho Lindenberg
7D
8.5%
1Y
n/a
MILS3
R$15.30
Mills Locação Serviços e Logística
7D
1.1%
1Y
42.6%
Narrative Update • May 27

MILS3: Pending Loxam Takeover Will Likely Expose Overstretched Earnings Expectations

Analysts have revised their price target for Mills Locação Serviços e Logística from R$11.20 to R$12.80, reflecting updated assumptions on the discount rate, revenue growth, profit margins and future P/E levels. What's in the News Loxam SAS entered into a share purchase agreement to acquire a 50.30% stake in Mills Locação Serviços e Logística S.A. for BRL 1.8b at BRL 16 per share from the Nacht family, Southern Cross Group and Sullair Argentina S.A. on May 25, 2026, with the transaction subject to antitrust approval (Key Developments).
EMBJ3
R$71.95
Embraer
7D
-2.1%
1Y
6.7%
Narrative Update • May 26

EMBJ3: Backlog Delivery And 2026 Guidance Will Drive Repricing

Analysts have trimmed their average price target on Embraer by R$4, reflecting updated models that incorporate a slightly higher discount rate, modestly adjusted revenue growth and profit margin assumptions, and recent Street research. That research still cites attractive valuation and a record backlog as key supports for the stock.
OPCT3
R$10.78
OceanPact Serviços Marítimos
7D
1.3%
1Y
72.8%
ORVR3
R$77.98
Orizon Valorização de Resíduos
7D
1.3%
1Y
47.6%
RENT3
R$41.83
Localiza Rent a Car
7D
-2.3%
1Y
-4.3%
Narrative Update • May 19

RENT3: Higher Future P/E And Margins Will Support Post Downgrade Rerating Potential

Analysts have nudged their fair value estimate for Localiza Rent a Car slightly higher to about R$59.28 per share. The new estimate reflects updated assumptions on discount rates, revenue growth, margins and future P/E, while remaining cautious following recent research commentary.
AERI3
R$2.34
Aeris Indústria e Comércio de Equipamentos para Geração de Energia
7D
0.4%
1Y
-40.6%
ECOR3
R$7.44
EcoRodovias Infraestrutura e Logística
7D
-4.6%
1Y
4.3%
GGPS3
R$11.87
GPS Participações e Empreendimentos
7D
-5.6%
1Y
-13.9%
ALPK3
R$4.54
Allpark Empreendimentos Participações e Serviços
7D
1.8%
1Y
35.5%
VAMO3
R$2.97
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
-8.0%
1Y
-39.6%
WEGE3
R$42.00
WEG
7D
-3.3%
1Y
-2.7%
Narrative Update • May 02

WEGE3: Q4 Miss And Guidance Reset Will Support Long-Term Upside Potential

Analysts now see WEG's fair value holding at R$70.00, but the average price target edging down by R$1 to R$49.00 as they factor in the Q4 miss and softer guidance, along with slightly higher discount rates and adjusted growth and margin assumptions. Analyst Commentary The latest update from JPMorgan reflects how recent results and guidance are reshaping the way the market values WEG.
AZUL3
R$22.30
Azul
7D
-3.0%
1Y
n/a