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Brazilian (BOVESPA) Tech Sector Analysis

UpdatedDec 05, 2025
DataAggregated Company Financials
Companies9
  • 7D9.8%
  • 3M10.6%
  • 1Y47.3%
  • YTD59.1%

In the last week, the Tech industry is up 9.8%, with all of the companies up. In the last 12 months, the industry was up 47%. Earnings are forecast to grow by 25% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Dec 2025R$38.1bR$26.0bR$1.3b9.4x29.7x1.5x
Sun, 02 Nov 2025R$35.1bR$25.4bR$1.3b30x26.7x1.4x
Tue, 30 Sep 2025R$36.1bR$25.5bR$1.3b31.3x27.8x1.4x
Thu, 28 Aug 2025R$33.6bR$25.5bR$1.3b31.3x25.8x1.3x
Sat, 26 Jul 2025R$35.0bR$25.1bR$1.2b21.7x29.9x1.4x
Mon, 23 Jun 2025R$34.2bR$25.1bR$1.2b21.1x29.3x1.4x
Wed, 21 May 2025R$34.2bR$25.1bR$1.2b20.9x29.3x1.4x
Fri, 18 Apr 2025R$31.1bR$25.4bR$1.2b8.5x26.7x1.2x
Sun, 16 Mar 2025R$30.2bR$26.3bR$1.2b13.2x25x1.1x
Tue, 11 Feb 2025R$31.2bR$26.0bR$1.2b12.6x26.6x1.2x
Thu, 09 Jan 2025R$26.7bR$26.0bR$1.2b12.4x22.8x1x
Sat, 07 Dec 2024R$28.5bR$26.0bR$1.2b14.8x24.3x1.1x
Mon, 04 Nov 2024R$32.0bR$26.1bR$863.7m22x37x1.2x
Wed, 02 Oct 2024R$31.3bR$25.8bR$863.0m21.5x36.3x1.2x
Fri, 30 Aug 2024R$33.8bR$25.8bR$863.0m23x39.2x1.3x
Sun, 28 Jul 2024R$32.4bR$25.6bR$917.8m12.8x35.3x1.3x
Tue, 25 Jun 2024R$33.7bR$25.6bR$917.7m13.4x36.8x1.3x
Thu, 23 May 2024R$34.2bR$25.3bR$917.6m9.1x37.3x1.4x
Sat, 20 Apr 2024R$31.4bR$24.8bR$473.3m11.1x66.3x1.3x
Mon, 18 Mar 2024R$33.8bR$24.7bR$556.2m12.8x60.7x1.4x
Wed, 14 Feb 2024R$32.6bR$24.8bR$550.6m12.3x59.3x1.3x
Fri, 12 Jan 2024R$41.1bR$28.6bR$1.2b12.6x34.8x1.4x
Sun, 10 Dec 2023R$42.7bR$28.6bR$1.2b13.7x36.2x1.5x
Tue, 07 Nov 2023R$38.4bR$28.5bR$1.4b15.5x26.6x1.3x
Thu, 05 Oct 2023R$38.5bR$28.7bR$1.5b15.4x26.4x1.3x
Sat, 02 Sep 2023R$41.2bR$28.7bR$1.5b17.5x28.3x1.4x
Mon, 31 Jul 2023R$42.1bR$29.4bR$1.6b20.9x25.9x1.4x
Wed, 28 Jun 2023R$42.7bR$29.4bR$1.6b19.6x26.6x1.5x
Fri, 26 May 2023R$41.4bR$29.4bR$1.6b17.5x25.8x1.4x
Sun, 23 Apr 2023R$36.9bR$29.5bR$2.1b16.8x17.7x1.3x
Tue, 21 Mar 2023R$39.1bR$29.7bR$2.3b16.7x17.2x1.3x
Thu, 16 Feb 2023R$57.3bR$41.4bR$3.5b10.7x16.6x1.4x
Sat, 14 Jan 2023R$57.8bR$41.8bR$3.5b9.7x16.7x1.4x
Mon, 12 Dec 2022R$55.1bR$41.8bR$3.5b7.9x15.9x1.3x
Price to Earnings Ratio

15.9x


Total Market Cap: R$55.1bTotal Earnings: R$3.5bTotal Revenue: R$41.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Tech Sector Price to Earnings3Y Average 31x202320242025
Current Industry PE
  • Investors are relatively neutral on the Brazilian Information Technology 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 31.0x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 28% per year over the last three years,
  • Revenues have also declined 15% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Brazilian Tech sector?

BR Market2.99%
Tech9.81%
Tech Hardware15.01%
Software11.01%
IT8.37%
Communications3.69%
Electronic Equipment and Components0%0
Industry PE
  • Investors are most optimistic about the Software industry, which is trading close to its 3-year average PE ratio of 37.9x.
    • Analysts are expecting annual earnings growth of 19.5%, which is lower than the prior year's growth of 25.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT industry, expecting annual earnings growth of 77% over the next 5 years.
  • In contrast, the Communications industry is expected to see its earnings grow by 15% 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
TOTS3 TOTVSR$47.5411.1%
+R$2.8b		73.8%PE34.4x
LWSA3 Locaweb Serviços de InternetR$4.798.4%
+R$203.9m		30.5%PS1.8x
MLAS3 Grupo MultiR$1.5217.8%
+R$185.7m		23.6%PS0.3x
INTB3 Intelbras - Indústria de Telecomunicação Eletrônica BrasileiraR$13.513.7%
+R$157.2m		-7.5%PE9.4x
POSI3 Positivo TecnologiaR$4.6610.2%
+R$59.9m		-8.4%PS0.2x

Latest News

TOTS3
R$47.54
TOTVS
7D
11.1%
1Y
73.8%

TOTS3: Share Buyback Completion And Linx Vote Will Shape Fair Outlook

Analysts have nudged their price target on TOTVS slightly higher from R$47.44 to R$47.85. This reflects modestly stronger expectations for revenue growth and valuation multiples that more than offset a small downward tweak to projected profit margins and a marginally higher discount rate.
LWSA3
R$4.79
Locaweb Serviços de Internet
7D
8.4%
1Y
30.5%

Locaweb Serviços de Internet S.A.'s (BVMF:LWSA3) Business Is Yet to Catch Up With Its Share Price

Nov 29
Locaweb Serviços de Internet S.A.'s (BVMF:LWSA3) Business Is Yet to Catch Up With Its Share Price
INTB3
R$13.51
Intelbras - Indústria de Telecomunicação Eletrônica Brasileira
7D
3.7%
1Y
-7.5%

INTB3: Upcoming Index Addition Will Boost Market Prospects Ahead

Analysts have maintained their fair value estimate for Intelbras and have kept the target at R$18.64. This decision is based on only minimal adjustments in the discount rate and profit margin forecasts, which do not significantly alter the overall outlook.
MLAS3
R$1.52
Grupo Multi
7D
17.8%
1Y
23.6%
POSI3
R$4.66
Positivo Tecnologia
7D
10.2%
1Y
-8.4%
PDTC3
R$1.26
Padtec Holding
7D
0.8%
1Y
-3.1%

Padtec Holding S.A.'s (BVMF:PDTC3) Shares Bounce 28% But Its Business Still Trails The Industry

Nov 15
Padtec Holding S.A.'s (BVMF:PDTC3) Shares Bounce 28% But Its Business Still Trails The Industry
NGRD3
R$26.48
Neogrid Participações
7D
3.8%
1Y
0.6%
WDCN3
R$3.13
Livetech da Bahia Indústria e Comércio
7D
5.4%
1Y
11.8%