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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies45
  • 7D1.7%
  • 3M12.8%
  • 1Y10.9%
  • YTD11.5%

Over the last 7 days, the Industrials industry has remained flat, although notably Embraer declined by 5.6%. The past year has been better, since the industry has gained 9.1% in that time. As for the next few years, earnings are expected to grow by 22% per annum.

Sector Valuation and Performance

Has the Brazilian Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Feb 2026R$506.9bR$344.8bR$18.4b11.8x27.6x1.5x
Thu, 08 Jan 2026R$471.1bR$344.8bR$18.4b10.8x25.6x1.4x
Sat, 06 Dec 2025R$468.8bR$344.8bR$18.4b10.4x25.5x1.4x
Mon, 03 Nov 2025R$439.6bR$341.6bR$21.0b9.8x20.9x1.3x
Wed, 01 Oct 2025R$435.0bR$343.5bR$21.0b9.1x20.7x1.3x
Fri, 29 Aug 2025R$435.6bR$343.4bR$20.9b9.1x20.8x1.3x
Sun, 27 Jul 2025R$415.0bR$336.3bR$17.6b8.7x23.5x1.2x
Tue, 24 Jun 2025R$462.0bR$335.3bR$17.5b9.6x26.4x1.4x
Thu, 22 May 2025R$456.8bR$335.9bR$16.8b9.2x27.2x1.4x
Sat, 19 Apr 2025R$463.3bR$326.4bR$15.8b9x29.2x1.4x
Mon, 17 Mar 2025R$460.6bR$324.6bR$17.1b8.3x27x1.4x
Wed, 12 Feb 2025R$478.5bR$313.7bR$18.2b8x26.3x1.5x
Fri, 10 Jan 2025R$465.5bR$313.7bR$18.5b8.1x25.1x1.5x
Sun, 08 Dec 2024R$494.0bR$313.7bR$18.5b8.5x26.6x1.6x
Tue, 05 Nov 2024R$494.2bR$299.4bR$17.0b10.9x29x1.7x
Thu, 03 Oct 2024R$508.9bR$295.8bR$16.5b11.3x30.9x1.7x
Sat, 31 Aug 2024R$498.4bR$295.7bR$16.5b11.6x30.3x1.7x
Mon, 29 Jul 2024R$462.1bR$282.5bR$18.4b10.7x25.1x1.6x
Wed, 26 Jun 2024R$423.0bR$297.4bR$18.5b11.7x22.9x1.4x
Fri, 24 May 2024R$423.3bR$297.5bR$18.5b12.7x22.9x1.4x
Sun, 21 Apr 2024R$422.4bR$287.3bR$17.2b11.4x24.5x1.5x
Tue, 19 Mar 2024R$431.3bR$285.5bR$17.0b11.8x25.4x1.5x
Thu, 15 Feb 2024R$402.0bR$292.9bR$16.1b9.9x25x1.4x
Sat, 13 Jan 2024R$430.3bR$292.2bR$15.5b11.4x27.8x1.5x
Mon, 11 Dec 2023R$428.5bR$292.2bR$15.5b12.3x27.6x1.5x
Wed, 08 Nov 2023R$397.0bR$288.3bR$15.5b11.9x25.6x1.4x
Fri, 06 Oct 2023R$404.2bR$285.9bR$15.3b12.5x26.4x1.4x
Sun, 03 Sep 2023R$433.7bR$285.9bR$15.3b12.6x28.3x1.5x
Tue, 01 Aug 2023R$449.3bR$275.3bR$15.5b13.4x29.1x1.6x
Thu, 29 Jun 2023R$424.1bR$274.4bR$15.0b12.4x28.3x1.5x
Sat, 27 May 2023R$433.5bR$273.9bR$15.3b12.6x28.4x1.6x
Mon, 24 Apr 2023R$411.9bR$264.8bR$18.4b10.1x22.4x1.6x
Wed, 22 Mar 2023R$374.1bR$225.7bR$16.8b9.9x22.2x1.7x
Fri, 17 Feb 2023R$392.9bR$234.8bR$16.8b11.4x23.4x1.7x
Price to Earnings Ratio

23.4x


Total Market Cap: R$392.9bTotal Earnings: R$16.8bTotal Revenue: R$234.8bTotal 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 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 4.1% 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 Market1.41%
Industrials1.68%
Transportation3.63%
Electrical3.46%
Trade Distributors2.22%
Logistics0%0
Airlines0%0
Machinery-0.28%
Infrastructure-0.60%
Construction-0.82%
Industrials-0.95%
Commercial Services-1.55%
Marine and Shipping-1.87%
Building-2.04%
Aerospace & Defense-3.32%
Professional Services-11.24%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 15.5x.
    • 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$53.753.5%
+R$7.6b		-0.8%PE34.8x
RAIL3 RumoR$15.474.9%
+R$1.3b		-16.1%PE76.8x
RENT3 Localiza Rent a CarR$50.582.0%
+R$1.1b		67.3%PE31.3x
MRSA3B MRS LogísticaR$44.504.0%
+R$574.6m		36.9%PE10x
MOVI3 Movida ParticipaçõesR$13.819.3%
+R$397.7m		298.0%PE16.9x

Latest News

RENT3
R$50.58
Localiza Rent a Car
7D
2.0%
1Y
67.3%
EMBJ3
R$94.01
Embraer
7D
-1.8%
1Y
56.4%

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
ECOR3
R$10.82
EcoRodovias Infraestrutura e Logística
7D
-7.9%
1Y
122.2%

ECOR3: Lower Discount Rate Will Support Stronger Future Pricing Potential

Analysts have trimmed their fair value estimate for EcoRodovias Infraestrutura e Logística from R$17.69 to R$17.62, reflecting slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value Estimate was trimmed slightly from R$17.69 to R$17.62 per share, reflecting modest model updates.
RAIL3
R$15.47
Rumo
7D
4.9%
1Y
-16.1%

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.
GGPS3
R$18.66
GPS Participações e Empreendimentos
7D
-1.3%
1Y
41.3%

Offshore Contract Wins And GRSA Margin Upside Will Transform This Outsourced Services Leader

Catalysts About GPS Participações e Empreendimentos GPS Participações e Empreendimentos provides integrated facility services in Brazil, including cleaning, maintenance, security, catering, temporary labor, field marketing and logistics solutions. What are the underlying business or industry changes driving this perspective?
AZUL53
R$0.000007
Azul
7D
-30.0%
1Y
n/a
WEGE3
R$53.75
WEG
7D
3.5%
1Y
-0.8%

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$8.51
JSL
7D
8.4%
1Y
50.6%

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$44.50
MRS Logística
7D
4.0%
1Y
36.9%
MILS3
R$15.21
Mills Locação Serviços e Logística
7D
-2.1%
1Y
65.0%

MILS3: Future Profitability Assumptions Will Likely Prove Too Optimistic

Analysts have adjusted their price target for Mills Locação Serviços e Logística to R$11.20 from R$10.60, reflecting updated assumptions about the discount rate, revenue growth, profit margin and future P/E. What's in the News Mills Locação Serviços e Logística was removed from the Brazil Industrial Sector Index, which may affect how some index linked investors and funds view or hold the stock (Key Developments).
ORVR3
R$72.49
Orizon Valorização de Resíduos
7D
-3.8%
1Y
70.4%
SIMH3
R$6.92
SIMPAR
7D
3.3%
1Y
106.0%

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$13.81
Movida Participações
7D
9.3%
1Y
298.0%

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
HBSA3
R$3.92
Hidrovias do Brasil
7D
-1.8%
1Y
57.4%

Returns On Capital Signal Difficult Times Ahead For Hidrovias do Brasil (BVMF:HBSA3)

Jan 26
Returns On Capital Signal Difficult Times Ahead For Hidrovias do Brasil (BVMF:HBSA3)
MOTV3
R$17.18
Motiva Infraestrutura de Mobilidade
7D
1.1%
1Y
54.5%

MOTV3: Lower Discount Rate And Higher Margins Will Shape Balanced Return Outlook

Analysts have nudged their price target on Motiva Infraestrutura de Mobilidade up to R$18.20 from R$18.07. The change reflects updated views that combine a slightly lower discount rate, softer expected revenue growth, improved profit margin assumptions and a reduced future P/E multiple.
LOGN3
R$32.15
Log-In Logística Intermodal
7D
-0.9%
1Y
54.2%