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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies45
  • 7D2.2%
  • 3M16.9%
  • 1Y10.2%
  • YTD11.5%

In the last week, the Industrials industry is up 2.2%, with WEG up 3.8%. During this same period, the Azul underperformed, falling 57%. This means that the industry has gained 10% over the past year. 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
Sun, 15 Feb 2026R$517.1bR$341.8bR$18.4b11.3x28.1x1.5x
Tue, 13 Jan 2026R$465.0bR$344.8bR$18.4b10.7x25.3x1.3x
Thu, 11 Dec 2025R$466.1bR$344.8bR$18.4b10.2x25.3x1.4x
Sat, 08 Nov 2025R$448.2bR$341.8bR$21.0b10.2x21.4x1.3x
Mon, 06 Oct 2025R$417.8bR$343.5bR$21.0b8.9x19.9x1.2x
Wed, 03 Sep 2025R$433.6bR$343.4bR$20.9b9x20.7x1.3x
Fri, 01 Aug 2025R$426.2bR$335.7bR$18.3b8.8x23.3x1.3x
Sun, 29 Jun 2025R$464.0bR$335.3bR$17.5b9.2x26.5x1.4x
Tue, 27 May 2025R$459.7bR$336.1bR$16.6b8.9x27.6x1.4x
Thu, 24 Apr 2025R$469.6bR$326.5bR$15.8b9.3x29.6x1.4x
Sat, 22 Mar 2025R$465.5bR$326.8bR$17.8b8x26.2x1.4x
Mon, 17 Feb 2025R$485.4bR$313.7bR$18.2b8.2x26.7x1.5x
Wed, 15 Jan 2025R$461.7bR$313.7bR$18.5b7.9x24.9x1.5x
Fri, 13 Dec 2024R$519.7bR$313.7bR$18.5b8.9x28x1.7x
Sun, 10 Nov 2024R$506.5bR$305.2bR$18.3b8.7x27.7x1.7x
Tue, 08 Oct 2024R$501.4bR$295.8bR$16.5b10.4x30.5x1.7x
Thu, 05 Sep 2024R$491.7bR$295.7bR$16.5b11.8x29.9x1.7x
Sat, 03 Aug 2024R$481.9bR$285.5bR$18.6b10.3x25.9x1.7x
Mon, 01 Jul 2024R$425.0bR$297.4bR$18.5b11.7x23x1.4x
Wed, 29 May 2024R$416.3bR$297.5bR$18.5b12.4x22.5x1.4x
Fri, 26 Apr 2024R$417.7bR$287.3bR$17.2b11.5x24.2x1.5x
Sun, 24 Mar 2024R$443.9bR$285.2bR$17.9b11.3x24.9x1.6x
Tue, 20 Feb 2024R$399.7bR$292.9bR$16.1b10.3x24.8x1.4x
Thu, 18 Jan 2024R$418.1bR$292.2bR$15.5b11x27x1.4x
Sat, 16 Dec 2023R$445.1bR$292.1bR$15.5b11.7x28.7x1.5x
Mon, 13 Nov 2023R$404.1bR$290.7bR$15.4b11.7x26.2x1.4x
Wed, 11 Oct 2023R$404.6bR$285.9bR$15.3b12.4x26.4x1.4x
Fri, 08 Sep 2023R$428.4bR$285.9bR$15.3b12.6x28x1.5x
Sun, 06 Aug 2023R$455.9bR$276.4bR$15.6b13x29.2x1.6x
Tue, 04 Jul 2023R$439.3bR$274.4bR$15.0b12.7x29.3x1.6x
Thu, 01 Jun 2023R$425.8bR$273.8bR$15.2b12.4x28x1.6x
Sat, 29 Apr 2023R$417.1bR$267.3bR$18.5b10.1x22.6x1.6x
Mon, 27 Mar 2023R$398.7bR$263.0bR$18.5b9.3x21.6x1.5x
Wed, 22 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 Market1.82%
Industrials2.18%
Industrials6.34%
Trade Distributors4.04%
Electrical3.76%
Transportation3.06%
Aerospace & Defense1.13%
Commercial Services0.37%
Marine and Shipping0.30%
Logistics0%0
Airlines0%0
Machinery-1.15%
Building-1.51%
Infrastructure-3.98%
Construction-4.92%
Professional Services-10.03%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 15.8x.
    • 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
WEGE3 WEGR$53.803.8%
+R$8.2b		0%PE34.8x
MRSA3B MRS LogísticaR$48.9014.3%
+R$2.1b		50.5%PE10.9x
RAIL3 RumoR$16.246.5%
+R$1.8b		-17.7%PE80.7x
EMBJ3 EmbraerR$92.841.2%
+R$780.3m		53.8%PE37.6x
RENT3 Localiza Rent a CarR$51.440.9%
+R$482.3m		62.7%PE31.8x

Latest News

KEPL3
R$9.10
Kepler Weber
7D
-10.5%
1Y
-8.5%

Kepler Weber S.A.'s (BVMF:KEPL3) Share Price Could Signal Some Risk

Feb 14
Kepler Weber S.A.'s (BVMF:KEPL3) Share Price Could Signal Some Risk
ARML3
R$5.40
Armac Locação Logística e Serviços
7D
13.4%
1Y
16.4%

Armac Locação, Logística e Serviços S.A.'s (BVMF:ARML3) P/E Is Still On The Mark Following 28% Share Price Bounce

Feb 14
Armac Locação, Logística e Serviços S.A.'s (BVMF:ARML3) P/E Is Still On The Mark Following 28% Share Price Bounce
FRIO3
R$170.18
Metalfrio Solutions
7D
-14.9%
1Y
-39.2%
ECOR3
R$10.39
EcoRodovias Infraestrutura e Logística
7D
-4.8%
1Y
95.7%

Lacklustre Performance Is Driving EcoRodovias Infraestrutura e Logística S.A.'s (BVMF:ECOR3) Low P/E

Feb 13
Lacklustre Performance Is Driving EcoRodovias Infraestrutura e Logística S.A.'s (BVMF:ECOR3) Low P/E
PRNR3
R$20.59
Priner Serviços Industriais
7D
6.5%
1Y
25.2%

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$16.37
Motiva Infraestrutura de Mobilidade
7D
-3.9%
1Y
36.9%

MOTV3: Adjusted Margins And P/E Assumptions Will Shape Balanced Return Outlook

Analysts have slightly lowered their price target on Motiva Infraestrutura de Mobilidade to reflect updated fair value estimates, a lower discount rate, more conservative revenue and margin assumptions, and a higher future P/E, resulting in a modestly reduced implied upside for investors. Valuation Changes Fair Value: Revised slightly higher from R$18.20 to about R$18.36 per share, reflecting updated inputs in the model.
RENT3
R$51.44
Localiza Rent a Car
7D
0.9%
1Y
62.7%
EMBJ3
R$92.84
Embraer
7D
1.2%
1Y
53.8%

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
RAIL3
R$16.24
Rumo
7D
6.5%
1Y
-17.7%

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$0.000003
Azul
7D
-57.1%
1Y
n/a
WEGE3
R$53.80
WEG
7D
3.8%
1Y
0%

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$8.13
JSL
7D
-5.4%
1Y
33.5%

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%
SIMH3
R$6.56
SIMPAR
7D
-5.1%
1Y
65.7%

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$13.22
Movida Participações
7D
-3.0%
1Y
221.7%

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
ALPK3
R$4.80
Allpark Empreendimentos Participações e Serviços
7D
5.3%
1Y
61.6%

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