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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies45
  • 7D0.06%
  • 3M18.6%
  • 1Y12.7%
  • YTD11.6%

Over the last 7 days, the Industrials industry has dropped 1.7%, driven by WEG declining 4.9%. Over the past 12 months, the industry was up 11%. 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
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
Wed, 07 Jun 2023R$434.8bR$273.8bR$15.2b13.4x28.6x1.6x
Fri, 05 May 2023R$405.5bR$270.3bR$18.3b10.1x22.1x1.5x
Sun, 02 Apr 2023R$407.2bR$263.9bR$18.3b9.8x22.2x1.5x
Tue, 28 Feb 2023R$387.1bR$238.5bR$17.9b11.2x21.7x1.6x
Price to Earnings Ratio

21.7x


Total Market Cap: R$387.1bTotal Earnings: R$17.9bTotal Revenue: R$238.5bTotal 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 Market2.01%
Industrials0.055%
Construction7.66%
Professional Services6.36%
Commercial Services3.83%
Trade Distributors3.60%
Machinery3.28%
Aerospace & Defense3.14%
Transportation2.64%
Marine and Shipping2.61%
Building1.22%
Infrastructure1.10%
Logistics0%0
Airlines0%0
Industrials-1.64%
Electrical-3.36%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 16.1x.
    • 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
AZUL53 AzulR$0.00016-27.6%
R$6.8b		n/aPS0.4x
EMBJ3 EmbraerR$95.713.1%
+R$2.1b		62.3%PE38.7x
RENT3 Localiza Rent a CarR$52.832.7%
+R$1.5b		80.7%PE32.6x
GGPS3 GPS Participações e EmpreendimentosR$19.554.5%
+R$637.5m		43.9%PE22.3x
RAIL3 RumoR$16.511.7%
+R$501.1m		-8.6%PE82x

Latest News

RENT3
R$52.83
Localiza Rent a Car
7D
2.7%
1Y
80.7%

RENT3: Share Structure Changes Will Support Future Upside Potential

Analysts have nudged their price target for Localiza Rent a Car slightly lower to R$67.55 from R$67.65, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E that fine tune rather than overhaul their prior view. What’s in the News Localiza Rent a Car S.A. is scheduled to hold a special and extraordinary shareholders meeting on December 29, 2025, to vote on creating voting preferred shares that are convertible into common shares and redeemable by the company, and on a share capital increase via a bonus in preferred shares through capitalization of profit reserves, along with other agenda items (Key Developments).
EMBJ3
R$95.71
Embraer
7D
3.1%
1Y
62.3%

EMBJ3: Higher Discounting Assumptions And India Expansion Will Shape Measured Outlook

Analysts lifted their fair value estimate for Embraer to R$93.97 from R$92.77, citing updated views on discount rates, revenue growth, profit margins and future P/E assumptions reflected in recent price target revisions, such as the BofA increase. Analyst Commentary Bullish Takeaways Bullish analysts view the higher fair value estimate of R$93.97 as better aligned with recent price target revisions, including the US$10 increase highlighted in recent research.
WEGE3
R$51.99
WEG
7D
-3.4%
1Y
-1.8%

WEGE3: Tariff And Renewables Risks Will Pressure Overvalued Shares

Analysts have raised their price target on WEG to R$55, citing what they view as overly cautious market sentiment on tariffs and renewables orders, along with Street models for 2026-27 EBITDA that they estimate are roughly 7% below their own projections. Analyst Commentary Even with the new R$55 price target, there is still a split in how analysts see the risk and reward for WEG.
ECOR3
R$10.92
EcoRodovias Infraestrutura e Logística
7D
5.1%
1Y
108.0%

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
GGPS3
R$19.55
GPS Participações e Empreendimentos
7D
4.5%
1Y
43.9%

GGPS3: Future Stock Split Will Support Stronger Returns

Analysts have raised their price target on GPS Participações e Empreendimentos to R$22.97 from R$22.36, citing updated assumptions that include a slightly lower discount rate, modest adjustments to revenue growth and profit margin expectations, and a higher future P/E multiple. What's in the News GPS Participações e Empreendimentos approved a stock split or significant stock dividend with a 1.107384148 for 1 ratio, scheduled for December 17, 2025 (Key Developments).
AMBP3
R$0.26
Ambipar Participações e Empreendimentos
7D
-3.7%
1Y
-97.8%

AMBP3: Steady Cash Flow Assumptions Will Support Rebound Toward R$12 Fair Value

Analysts kept Ambipar Participações e Empreendimentos' fair value estimate steady at US$12.00 per share. A slightly lower discount rate and a marginally reduced future P/E assumption led them to refine their pricing framework without changing the overall target level.
VAMO3
R$4.67
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
6.9%
1Y
1.1%

VAMO3: Index Inclusion Will Support Future Upside Despite More Cautious Assumptions

Analysts have trimmed their price targets for Vamos Locação de Caminhões Máquinas e Equipamentos, citing a slightly lower fair value estimate, a modest adjustment to the discount rate, and more cautious assumptions for revenue growth, profit margins, and future P/E. What's in the News Vamos Locação de Caminhões, Máquinas e Equipamentos S.A. has been added to the Brazil Valor BM&FBOVESPA Index, indicating its inclusion in this equity benchmark (Key Developments).
RAIL3
R$16.51
Rumo
7D
1.7%
1Y
-8.6%

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$0.00016
Azul
7D
-27.6%
1Y
n/a
TPIS3
R$6.32
Triunfo Participações e Investimentos
7D
-0.5%
1Y
46.6%

Triunfo Participações e Investimentos' (BVMF:TPIS3) Returns On Capital Are Heading Higher

Jan 29
Triunfo Participações e Investimentos' (BVMF:TPIS3) Returns On Capital Are Heading Higher
SIMH3
R$14.24
SIMPAR
7D
8.5%
1Y
97.8%

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
NORD3
R$4.20
Nordon Indústrias Metalúrgicas S/A
7D
-6.7%
1Y
-26.6%
CTAX3
R$0.82
Contax Participações
7D
-1.2%
1Y
-26.8%

Does Contax Participações (BVMF:CTAX3) Have A Healthy Balance Sheet?

Jan 03
Does Contax Participações (BVMF:CTAX3) Have A Healthy Balance Sheet?
SEQL3
R$0.43
Sequoia Logística e Transportes
7D
-23.2%
1Y
-98.1%
AERI3
R$2.87
Aeris Indústria e Comércio de Equipamentos para Geração de Energia
7D
-4.0%
1Y
-42.0%

Revenues Working Against Aeris Indústria e Comércio de Equipamentos para Geração de Energia S.A.'s (BVMF:AERI3) Share Price

Dec 12
Revenues Working Against Aeris Indústria e Comércio de Equipamentos para Geração de Energia S.A.'s (BVMF:AERI3) Share Price
VLID3
R$22.26
Valid Soluções
7D
-0.4%
1Y
-14.4%