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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedJan 28, 2026
DataAggregated Company Financials
Companies45
  • 7D11.2%
  • 3M18.8%
  • 1Y10.4%
  • YTD10.5%

The Industrials industry is up 11% in the last week, with WEG up 14%. Meanwhile, MRS Logística actually underperformed within the industry, shrinking 5.1% in the last week. In the last 12 months, the industry was up 10%. Looking forward, 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
Wed, 28 Jan 2026R$503.9bR$344.8bR$18.4b11.7x27.4x1.5x
Fri, 26 Dec 2025R$466.1bR$344.8bR$18.4b10.5x25.3x1.4x
Sun, 23 Nov 2025R$442.6bR$346.9bR$19.1b10.9x23.2x1.3x
Tue, 21 Oct 2025R$416.6bR$340.1bR$20.2b9x20.7x1.2x
Thu, 18 Sep 2025R$441.3bR$343.5bR$21.0b9.1x21x1.3x
Sat, 16 Aug 2025R$424.2bR$337.6bR$20.7b9.1x20.5x1.3x
Mon, 14 Jul 2025R$445.4bR$335.3bR$17.5b8.7x25.4x1.3x
Wed, 11 Jun 2025R$466.1bR$336.0bR$16.6b9.4x28x1.4x
Fri, 09 May 2025R$458.0bR$330.2bR$17.5b9.3x26.2x1.4x
Sun, 06 Apr 2025R$434.9bR$326.4bR$16.4b8.3x26.6x1.3x
Tue, 04 Mar 2025R$454.1bR$324.6bR$17.1b8.5x26.5x1.4x
Thu, 30 Jan 2025R$476.8bR$313.7bR$18.5b8x25.7x1.5x
Sat, 28 Dec 2024R$476.6bR$313.7bR$18.5b8.2x25.7x1.5x
Mon, 25 Nov 2024R$513.0bR$313.6bR$18.5b9.3x27.7x1.6x
Wed, 23 Oct 2024R$506.9bR$295.8bR$16.5b11.1x30.8x1.7x
Fri, 20 Sep 2024R$496.5bR$295.8bR$16.5b11.9x30.2x1.7x
Sun, 18 Aug 2024R$490.5bR$288.6bR$15.1b12.8x32.6x1.7x
Tue, 16 Jul 2024R$463.1bR$282.7bR$18.4b11.8x25.2x1.6x
Thu, 13 Jun 2024R$403.6bR$297.5bR$18.6b13.1x21.7x1.4x
Sat, 11 May 2024R$420.7bR$354.7b-R$11,952,469,304.0011.1x-35.2x1.2x
Mon, 08 Apr 2024R$434.1bR$287.0bR$17.2b11.5x25.3x1.5x
Wed, 06 Mar 2024R$418.6bR$282.9bR$16.9b10.5x24.8x1.5x
Fri, 02 Feb 2024R$408.8bR$292.0bR$15.5b11.1x26.4x1.4x
Sun, 31 Dec 2023R$446.3bR$292.2bR$15.5b11.5x28.8x1.5x
Tue, 28 Nov 2023R$414.4bR$292.7bR$16.0b12.1x25.9x1.4x
Thu, 26 Oct 2023R$380.6bR$285.9bR$15.3b12.2x24.9x1.3x
Sat, 23 Sep 2023R$416.0bR$285.9bR$15.3b12.5x27.2x1.5x
Mon, 21 Aug 2023R$426.9bR$285.9bR$15.3b12.3x27.9x1.5x
Wed, 19 Jul 2023R$428.3bR$274.4bR$15.0b12.9x28.5x1.6x
Fri, 16 Jun 2023R$440.5bR$273.8bR$15.2b13.1x29x1.6x
Sun, 14 May 2023R$420.1bR$269.3bR$15.8b11.9x26.6x1.6x
Tue, 11 Apr 2023R$393.9bR$263.9bR$18.3b9.5x21.6x1.5x
Thu, 09 Mar 2023R$408.2bR$250.8bR$18.3b11x22.3x1.6x
Sat, 04 Feb 2023R$391.2bR$234.4bR$16.8b11.6x23.2x1.7x
Price to Earnings Ratio

23.2x


Total Market Cap: R$391.2bTotal Earnings: R$16.8bTotal Revenue: R$234.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.4x202420252026
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 25.4x.
  • 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 3.0% 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 Market8.93%
Industrials11.22%
Building13.52%
Electrical13.50%
Transportation13.46%
Infrastructure11.76%
Commercial Services9.92%
Trade Distributors8.76%
Machinery7.69%
Aerospace & Defense4.86%
Professional Services0.65%
Marine and Shipping0.45%
Logistics0%0
Airlines0%0
Construction-0.45%
Industrials-0.85%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 14.7x.
    • Analysts are expecting annual earnings growth of 26.1%, 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$10.8098,181,718.2%
+R$7495.0t		n/aPS346683.7x
WEGE3 WEGR$51.578.4%
+R$16.7b		-5.3%PE33.4x
RENT3 Localiza Rent a CarR$48.9814.9%
+R$7.0b		62.3%PE30.3x
MOTV3 Motiva Infraestrutura de MobilidadeR$17.017.2%
+R$2.3b		54.2%PE11.8x
RAIL3 RumoR$15.157.8%
+R$2.0b		-15.4%PE75.2x

Latest News

RENT3
R$48.98
Localiza Rent a Car
7D
14.9%
1Y
62.3%
GGPS3
R$19.05
GPS Participações e Empreendimentos
7D
10.8%
1Y
45.5%

GGPS3: Higher Assumed Profitability And Stock Split Will Support Stronger Returns

Analysts have nudged their price target for GPS Participações e Empreendimentos higher to R$22.36 from R$21.55, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News GPS Participações e Empreendimentos plans a stock split or significant stock dividend with a 1.107384148 to 1 ratio, scheduled for December 17, 2025 (Key Developments).
HBSA3
R$4.02
Hidrovias do Brasil
7D
-1.7%
1Y
47.8%

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)
IFCM3
R$0.82
Infracommerce CXaaS
7D
-2.4%
1Y
-97.1%

Slammed 27% Infracommerce CXaaS S.A. (BVMF:IFCM3) Screens Well Here But There Might Be A Catch

Jan 26
Slammed 27% Infracommerce CXaaS S.A. (BVMF:IFCM3) Screens Well Here But There Might Be A Catch
ECOR3
R$12.18
EcoRodovias Infraestrutura e Logística
7D
13.2%
1Y
144.1%
MOTV3
R$17.01
Motiva Infraestrutura de Mobilidade
7D
7.2%
1Y
54.2%

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.
MRSA3B
R$37.00
MRS Logística
7D
-5.1%
1Y
13.8%

There's Been No Shortage Of Growth Recently For MRS Logística's (BVMF:MRSA3B) Returns On Capital

Jan 24
There's Been No Shortage Of Growth Recently For MRS Logística's (BVMF:MRSA3B) Returns On Capital
AZUL53
R$10.80
Azul
7D
98,181,718.2%
1Y
n/a
RAIL3
R$15.15
Rumo
7D
7.8%
1Y
-15.4%

RAIL3: Freight Pricing Discipline Will Support A More Optimistic Outlook

Narrative Update on Rumo The analyst price target for Rumo has been updated to R$20, with analysts citing freight price pressures and revised assumptions for discount rate, revenue growth, profit margin, and future P/E to support the change. Analyst Commentary Recent commentary around Rumo has centered on freight pricing pressure and how that filters through to earnings expectations, valuation assumptions, and price targets.
WEGE3
R$51.57
WEG
7D
8.4%
1Y
-5.3%

WEGE3: Tariff And Renewables Uncertainty Will Weigh On Future Earnings

Analysts have trimmed their fair value estimate for WEG from R$38.80 to R$38.00, citing updated assumptions on discount rates, revenue growth, margins and future P/E, after recent research highlighted tariff and renewables concerns that some view as overdone. Analyst Commentary Recent commentary on WEG has highlighted a split view.
SIMH3
R$6.69
SIMPAR
7D
14.4%
1Y
99.7%

SIMPAR (BVMF:SIMH3) Shareholders Will Want The ROCE Trajectory To Continue

Jan 16
SIMPAR (BVMF:SIMH3) Shareholders Will Want The ROCE Trajectory To Continue
DTCY3
R$2.70
DTCOM - Direct to
7D
-8.5%
1Y
n/a
SEQL3
R$1.75
Sequoia Logística e Transportes
7D
-8.4%
1Y
-93.4%
LOGN3
R$32.25
Log-In Logística Intermodal
7D
-0.2%
1Y
61.8%
ALPK3
R$4.56
Allpark Empreendimentos Participações e Serviços
7D
-1.1%
1Y
86.9%

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
CALI3
R$16.00
Construtora Adolpho Lindenberg
7D
-7.2%
1Y
n/a

There May Be Underlying Issues With The Quality Of Construtora Adolpho Lindenberg's (BVMF:CALI3) Earnings

Nov 14
There May Be Underlying Issues With The Quality Of Construtora Adolpho Lindenberg's (BVMF:CALI3) Earnings