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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies42
  • 7D-1.3%
  • 3M-17.8%
  • 1Y0.7%
  • YTD-8.1%

Over the last 7 days, the Industrials industry has dropped 3.2%, driven by Azul declining 33%. As for the longer term, the industry's performance has been flat for 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
Thu, 21 May 2026R$423.6bR$345.0bR$18.4b10.6x23x1.2x
Sat, 18 Apr 2026R$488.4bR$342.3bR$19.2b13x25.4x1.4x
Mon, 16 Mar 2026R$448.3bR$343.0bR$18.4b10.3x24.4x1.3x
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
Price to Earnings Ratio

28.4x


Total Market Cap: R$433.5bTotal Earnings: R$15.3bTotal Revenue: R$273.9bTotal 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 22.4x 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 8.0% 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-0.69%
Industrials-1.30%
Infrastructure3.18%
Industrials1.69%
Commercial Services0.21%
Transportation0.06%
Building0%0
Logistics0%0
Airlines0%0
Trade Distributors-0.11%
Professional Services-1.03%
Machinery-1.62%
Marine and Shipping-2.25%
Electrical-2.61%
Construction-2.73%
Aerospace & Defense-3.00%
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 37.1%, which is higher than its past year's earnings growth of 15.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Marine and Shipping industry, expecting annual earnings growth of 37% over the next 5 years.
  • This is better than its past earnings growth rate of 15% 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
MOTV3 Motiva Infraestrutura de MobilidadeR$15.233.2%
+R$945.1m		14.2%PE10.4x
RENT3 Localiza Rent a CarR$44.471.2%
+R$580.4m		9.6%PE21.6x
ECOR3 EcoRodovias Infraestrutura e LogísticaR$7.923.7%
+R$194.8m		30.7%PE7.5x
TGMA3 Tegma Gestão LogísticaR$32.325.6%
+R$112.8m		-7.8%PE9x
MILS3 Mills Locação Serviços e LogísticaR$13.343.7%
+R$106.5m		26.9%PE7x

Latest News

PRNR3
R$19.09
Priner Serviços Industriais
7D
8.0%
1Y
16.0%
Analysis Article • 4h

Priner Serviços Industriais' (BVMF:PRNR3) Earnings Are Weaker Than They Seem

Priner Serviços Industriais S.A.'s ( BVMF:PRNR3 ) stock was strong after they recently reported robust earnings. We did...
TGMA3
R$32.32
Tegma Gestão Logística
7D
5.6%
1Y
-7.8%
Narrative Update • May 20

TGMA3: Sustainability Index Inclusion Will Support Future Repricing Potential

Analysts have maintained their fair value estimate for Tegma Gestão Logística at R$44.60 per share. They cite updated assumptions for the discount rate, revenue growth, profit margin and future P/E that fine tune, rather than overhaul, their previous view.
RENT3
R$44.47
Localiza Rent a Car
7D
1.2%
1Y
9.6%
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.
RAIL3
R$15.02
Rumo
7D
-1.6%
1Y
-17.2%
ECOR3
R$7.92
EcoRodovias Infraestrutura e Logística
7D
3.7%
1Y
30.7%
ARML3
R$3.32
Armac Locação Logística e Serviços
7D
-8.8%
1Y
-21.9%
MOVI3
R$9.55
Movida Participações
7D
-3.1%
1Y
38.6%
GGPS3
R$13.45
GPS Participações e Empreendimentos
7D
-1.5%
1Y
0.1%
EMBJ3
R$70.38
Embraer
7D
-3.0%
1Y
5.0%
Analysis Article • May 11

Embraer S.A. Just Missed Earnings - But Analysts Have Updated Their Models

Embraer S.A. ( BVMF:EMBJ3 ) shareholders are probably feeling a little disappointed, since its shares fell 6.6% to...
ALPK3
R$4.49
Allpark Empreendimentos Participações e Serviços
7D
8.7%
1Y
32.4%
JSLG3
R$6.87
JSL
7D
2.8%
1Y
5.4%
MILS3
R$13.34
Mills Locação Serviços e Logística
7D
3.7%
1Y
26.9%
MOTV3
R$15.23
Motiva Infraestrutura de Mobilidade
7D
3.2%
1Y
14.2%
Narrative Update • May 11

MOTV3: April 2026 Meeting Will Support Stronger Future Returns

Analysts have nudged their fair value estimate for Motiva Infraestrutura de Mobilidade slightly higher to R$18.97 from R$18.88, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Motiva Infraestrutura de Mobilidade has scheduled a Special/Extraordinary Shareholders Meeting for April 15, 2026, signaling upcoming shareholder decisions that could affect the company’s structure, governance, or capital allocation (Key Developments).
WEGE3
R$42.58
WEG
7D
-2.6%
1Y
-2.5%
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.
LOGN3
R$30.00
Log-In Logística Intermodal
7D
-3.2%
1Y
21.7%
AZUL3
R$32.20
Azul
7D
-32.9%
1Y
n/a