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Brazilian (BOVESPA) Industrials Sector Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies43
  • 7D0.9%
  • 3M-15.3%
  • 1Y0.3%
  • YTD-8.2%

Last week, the Industrials industry hasn't moved much but WEG is up 3.2% in that time. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 May 2026R$424.8bR$347.3bR$18.4b10.1x23.1x1.2x
Tue, 28 Apr 2026R$467.9bR$342.3bR$19.2b13.1x24.4x1.4x
Thu, 26 Mar 2026R$462.1bR$344.0bR$18.1b10.4x25.5x1.3x
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
Price to Earnings Ratio

28.6x


Total Market Cap: R$434.8bTotal Earnings: R$15.2bTotal Revenue: R$273.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Industrials Sector Price to Earnings3Y Average 25.7x202420252026
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 25.7x.
  • 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 6.5% per year over the last three years.
  • Revenues for these companies have grown 8.3% 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-0.83%
Industrials0.86%
Trade Distributors11.41%
Electrical3.21%
Construction2.80%
Machinery1.65%
Aerospace & Defense1.49%
Building0%0
Industrials0%0
Logistics0%0
Airlines0%0
Commercial Services-0.35%
Marine and Shipping-0.42%
Infrastructure-2.27%
Transportation-2.77%
Professional Services-4.16%
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
WEGE3 WEGR$44.103.2%
+R$5.7b		4.1%PE29.4x
EMBJ3 EmbraerR$73.381.5%
+R$747.4m		12.0%PE30.8x
MILS3 Mills Locação Serviços e LogísticaR$15.2016.0%
+R$477.6m		42.6%PE8x
ORVR3 Orizon Valorização de ResíduosR$80.985.6%
+R$411.4m		56.0%PE90.2x
FRIO3 Metalfrio SolutionsR$205.0013.9%
+R$159.6m		-26.8%PE22.2x

Latest News

ARML3
R$3.65
Armac Locação Logística e Serviços
7D
8.3%
1Y
-25.5%
MILS3
R$15.20
Mills Locação Serviços e Logística
7D
16.0%
1Y
42.6%
Narrative Update • May 27

MILS3: Pending Loxam Takeover Will Likely Expose Overstretched Earnings Expectations

Analysts have revised their price target for Mills Locação Serviços e Logística from R$11.20 to R$12.80, reflecting updated assumptions on the discount rate, revenue growth, profit margins and future P/E levels. What's in the News Loxam SAS entered into a share purchase agreement to acquire a 50.30% stake in Mills Locação Serviços e Logística S.A. for BRL 1.8b at BRL 16 per share from the Nacht family, Southern Cross Group and Sullair Argentina S.A. on May 25, 2026, with the transaction subject to antitrust approval (Key Developments).
EMBJ3
R$73.38
Embraer
7D
1.5%
1Y
12.0%
Narrative Update • May 26

EMBJ3: Backlog Delivery And 2026 Guidance Will Drive Repricing

Analysts have trimmed their average price target on Embraer by R$4, reflecting updated models that incorporate a slightly higher discount rate, modestly adjusted revenue growth and profit margin assumptions, and recent Street research. That research still cites attractive valuation and a record backlog as key supports for the stock.
OPCT3
R$10.65
OceanPact Serviços Marítimos
7D
5.7%
1Y
82.7%
MOTV3
R$14.11
Motiva Infraestrutura de Mobilidade
7D
-2.7%
1Y
4.7%
PRNR3
R$19.29
Priner Serviços Industriais
7D
5.7%
1Y
20.6%
Analysis Article • May 21

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...
ORVR3
R$80.98
Orizon Valorização de Resíduos
7D
5.6%
1Y
56.0%
RENT3
R$42.02
Localiza Rent a Car
7D
-3.1%
1Y
-2.2%
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$13.72
Rumo
7D
-3.4%
1Y
-27.1%
GGPS3
R$12.21
GPS Participações e Empreendimentos
7D
-6.9%
1Y
-9.9%
JSLG3
R$6.28
JSL
7D
-7.1%
1Y
1.0%
SIMH3
R$8.92
SIMPAR
7D
-2.4%
1Y
-16.3%
VAMO3
R$3.06
Vamos Locação de Caminhões Máquinas e Equipamentos
7D
-5.8%
1Y
-38.4%
WEGE3
R$44.10
WEG
7D
3.2%
1Y
4.1%
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.
FRIO3
R$205.00
Metalfrio Solutions
7D
13.9%
1Y
-26.8%
AZUL3
R$21.10
Azul
7D
-9.4%
1Y
n/a