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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies45
  • 7D-7.4%
  • 3M0.4%
  • 1Y9.5%
  • YTD0.2%

Over the last 7 days, the Industrials industry has dropped 7.4%, driven by WEG declining 6.2%. On the other hand Infracommerce CXaaS is actually up 44%. This takes the industry's 12 month performance to a gain of 9.5%. Earnings are forecast to grow by 21% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Mar 2026R$473.4bR$342.1bR$18.9b10.9x25x1.4x
Tue, 03 Feb 2026R$505.0bR$344.8bR$18.4b11.8x27.5x1.5x
Thu, 01 Jan 2026R$465.4bR$344.8bR$18.4b10.6x25.3x1.3x
Sat, 29 Nov 2025R$458.3bR$348.0bR$19.1b11.1x24x1.3x
Mon, 27 Oct 2025R$432.3bR$340.6bR$20.2b9.2x21.4x1.3x
Wed, 24 Sep 2025R$443.3bR$343.5bR$21.0b9x21.1x1.3x
Fri, 22 Aug 2025R$416.7bR$343.2bR$20.8b8.9x20.1x1.2x
Sun, 20 Jul 2025R$443.7bR$335.4bR$17.5b8.7x25.4x1.3x
Tue, 17 Jun 2025R$474.5bR$335.3bR$17.5b9.7x27.1x1.4x
Thu, 15 May 2025R$458.5bR$335.2bR$16.9b9.3x27.1x1.4x
Sat, 12 Apr 2025R$447.5bR$326.4bR$15.8b8.7x28.2x1.4x
Mon, 10 Mar 2025R$460.4bR$324.6bR$17.1b8.4x26.9x1.4x
Wed, 05 Feb 2025R$480.5bR$313.7bR$18.5b8.1x25.9x1.5x
Fri, 03 Jan 2025R$468.0bR$313.7bR$18.5b8x25.2x1.5x
Sun, 01 Dec 2024R$495.8bR$313.6bR$18.6b8.7x26.7x1.6x
Tue, 29 Oct 2024R$503.1bR$295.8bR$16.4b10.8x30.6x1.7x
Thu, 26 Sep 2024R$507.0bR$295.8bR$16.5b11.4x30.8x1.7x
Sat, 24 Aug 2024R$508.4bR$295.7bR$16.4b11.9x30.9x1.7x
Mon, 22 Jul 2024R$461.9bR$282.7bR$18.4b11.3x25.1x1.6x
Wed, 19 Jun 2024R$398.9bR$297.4bR$18.5b11.5x21.5x1.3x
Fri, 17 May 2024R$431.8bR$296.8bR$18.0b11.8x24x1.5x
Sun, 14 Apr 2024R$429.1bR$287.3bR$17.7b11.4x24.2x1.5x
Tue, 12 Mar 2024R$424.6bR$282.9bR$16.8b11.2x25.3x1.5x
Thu, 08 Feb 2024R$398.4bR$290.6bR$15.3b10.2x26x1.4x
Sat, 06 Jan 2024R$432.7bR$292.2bR$15.5b11.3x27.9x1.5x
Mon, 04 Dec 2023R$427.1bR$292.0bR$16.0b12.3x26.7x1.5x
Wed, 01 Nov 2023R$385.8bR$286.3bR$15.5b12.2x24.9x1.3x
Fri, 29 Sep 2023R$420.0bR$285.9bR$15.3b12.5x27.4x1.5x
Sun, 27 Aug 2023R$438.1bR$285.9bR$15.3b12.8x28.6x1.5x
Tue, 25 Jul 2023R$458.4bR$275.3bR$15.5b12.9x29.7x1.7x
Thu, 22 Jun 2023R$431.1bR$274.3bR$15.0b12.7x28.7x1.6x
Sat, 20 May 2023R$426.8bR$274.2bR$22.8b12.3x18.8x1.6x
Mon, 17 Apr 2023R$409.8bR$263.9bR$18.3b10.3x22.5x1.6x
Wed, 15 Mar 2023R$402.9bR$257.4bR$18.5b10.6x21.8x1.6x
Price to Earnings Ratio

21.8x


Total Market Cap: R$402.9bTotal Earnings: R$18.5bTotal Revenue: R$257.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.6x202420252026
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 25.6x.
  • 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 9.9% 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 Market-4.96%
Industrials-7.41%
Professional Services27.86%
Logistics0%0
Airlines0%0
Building-1.24%
Industrials-2.25%
Marine and Shipping-3.43%
Commercial Services-4.78%
Construction-5.74%
Electrical-6.20%
Infrastructure-7.05%
Transportation-7.13%
Machinery-7.73%
Trade Distributors-8.71%
Aerospace & Defense-13.15%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 17.0x.
    • Analysts are expecting annual earnings growth of 24.8%, 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 40% over the next 5 years.
  • This is better than its past earnings growth rate of 3.4% 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
IFCM3 Infracommerce CXaaSR$1.0543.8%
+R$38.8m		-95.6%PE1.2x
TPIS3 Triunfo Participações e InvestimentosR$7.239.0%
+R$26.0m		70.1%PS0.2x

Latest News

MOVI3
R$12.28
Movida Participações
7D
-17.1%
1Y
235.5%
RAIL3
R$15.48
Rumo
7D
-3.1%
1Y
-13.4%
RENT3
R$45.83
Localiza Rent a Car
7D
-9.7%
1Y
53.7%

RENT3: Index Rebalancing And Governance Changes Will Shape Fairly Valued Outlook

Analysts have nudged their price target on Localiza Rent a Car to R$50.00. Updated assumptions point to slightly lower revenue growth and profit margins but a higher future P/E, while the fair value estimate remains at R$50.00 and the discount rate is modestly adjusted.
EMBJ3
R$80.14
Embraer
7D
-13.3%
1Y
8.8%

EMBJ3: India Partnerships And Higher Discounting Assumptions Will Shape Balanced Outlook

Narrative Update on Embraer The updated analyst price target for Embraer has edged lower by about R$1.48, as analysts factor in slightly higher discount rates and marginally softer assumptions for revenue growth, profit margins and future P/E. Analyst Commentary Recent Street research around Embraer has focused on how current execution lines up with valuation, with some analysts becoming more constructive while still flagging pockets of risk.
AZUL53
R$0.00022
Azul
7D
-8.1%
1Y
n/a
WEGE3
R$46.62
WEG
7D
-6.2%
1Y
-2.7%

WEGE3: Future Earnings Power To Drive Upside Despite Recent Downgrade

Analysts have lifted their fair value estimate for WEG by R$4.00 to R$52.89, reflecting updated views on discount rate, revenue growth, profit margin and future P/E assumptions, even as recent research pointed to a Q4 miss and softer company guidance. Analyst Commentary Bullish Takeaways Bullish analysts see the higher fair value estimate of R$52.89 as implying room for upside versus JPMorgan's R$49 price target, even after the downgrade.
MOTV3
R$15.59
Motiva Infraestrutura de Mobilidade
7D
-6.4%
1Y
32.0%

MOTV3: Lower Discount Rate And Stable Margins Will Support Balanced Return Outlook

Analysts have raised their price target for Motiva Infraestrutura de Mobilidade by R$0.50 to R$18.86, citing updated assumptions related to discount rates, revenue contraction, profit margins and forward P/E multiples. Valuation Changes Fair Value: R$18.36 to R$18.86, risen slightly on updated inputs.
ECOR3
R$9.56
EcoRodovias Infraestrutura e Logística
7D
-10.7%
1Y
76.7%

ECOR3: Stable Forecasts And Undervalued P/E Will Support Future Upside

Analysts have maintained their price target for EcoRodovias Infraestrutura e Logística at R$17.62, highlighting only small tweaks to revenue growth, profit margin and future P/E assumptions that do not materially change their overall view. Valuation Changes Fair Value: R$17.62 is unchanged, indicating no adjustment to the overall assessed equity value.
TPIS3
R$7.23
Triunfo Participações e Investimentos
7D
9.0%
1Y
70.1%

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
IFCM3
R$1.05
Infracommerce CXaaS
7D
43.8%
1Y
-95.6%

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