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Brazilian (BOVESPA) Tech Sector Analysis

UpdatedJan 20, 2026
DataAggregated Company Financials
Companies9
  • 7D-1.9%
  • 3M4.5%
  • 1Y34.5%
  • YTD4.2%

Over the last 7 days, the Tech industry has dropped 1.9%, driven by pullbacks in Intelbras - Indústria de Telecomunicação Eletrônica Brasileira and TOTVS of 6.9% and 1.0%, respectively. In the past year, the industry has gained 35%. Looking forward, earnings are forecast to grow by 26% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Jan 2026R$34.2bR$26.0bR$1.3b7.4x26.7x1.3x
Fri, 19 Dec 2025R$35.6bR$26.0bR$1.3b8.3x27.8x1.4x
Sun, 16 Nov 2025R$37.7bR$25.7bR$975.2m8.8x38.7x1.5x
Tue, 14 Oct 2025R$33.6bR$25.5bR$1.3b29.2x25.9x1.3x
Thu, 11 Sep 2025R$34.4bR$25.5bR$1.3b29.2x26.5x1.3x
Sat, 09 Aug 2025R$34.5bR$25.3bR$1.3b19.3x27.5x1.4x
Mon, 07 Jul 2025R$35.1bR$25.1bR$1.2b21.7x30x1.4x
Wed, 04 Jun 2025R$34.3bR$25.1bR$1.2b21x29.3x1.4x
Fri, 02 May 2025R$32.3bR$25.4bR$1.2b9.7x27.8x1.3x
Sun, 30 Mar 2025R$30.7bR$25.8bR$1.2b8.3x26.5x1.2x
Tue, 25 Feb 2025R$32.3bR$26.2bR$1.2b12.5x26.1x1.2x
Thu, 23 Jan 2025R$28.2bR$26.0bR$1.2b12.7x24x1.1x
Sat, 21 Dec 2024R$27.3bR$26.0bR$1.2b13.8x23.3x1x
Mon, 18 Nov 2024R$30.6bR$26.1bR$957.1m17.7x31.9x1.2x
Wed, 16 Oct 2024R$31.3bR$25.8bR$863.0m21.2x36.3x1.2x
Fri, 13 Sep 2024R$32.7bR$25.8bR$863.0m22.5x37.8x1.3x
Sun, 11 Aug 2024R$33.0bR$25.8bR$926.2m12.4x35.6x1.3x
Tue, 09 Jul 2024R$33.6bR$25.6bR$917.8m13.1x36.7x1.3x
Thu, 06 Jun 2024R$32.5bR$25.6bR$917.7m13x35.4x1.3x
Sat, 04 May 2024R$33.0bR$24.8bR$495.5m12.9x66.7x1.3x
Mon, 01 Apr 2024R$33.2bR$24.8bR$473.3m12.6x70.2x1.3x
Wed, 28 Feb 2024R$33.9bR$24.8bR$550.6m13.8x61.7x1.4x
Fri, 26 Jan 2024R$40.2bR$28.6bR$1.2b13.7x34x1.4x
Sun, 24 Dec 2023R$42.1bR$28.6bR$1.2b13.7x35.6x1.5x
Tue, 21 Nov 2023R$41.2bR$28.6bR$1.2b12.3x34.8x1.4x
Thu, 19 Oct 2023R$36.2bR$28.7bR$1.5b14.5x24.8x1.3x
Sat, 16 Sep 2023R$41.9bR$28.7bR$1.5b17.4x28.8x1.5x
Mon, 14 Aug 2023R$41.0bR$28.5bR$1.5b13.8x27.7x1.4x
Wed, 12 Jul 2023R$43.6bR$29.4bR$1.6b21.7x27.2x1.5x
Fri, 09 Jun 2023R$44.2bR$29.4bR$1.6b19.1x27.6x1.5x
Sun, 07 May 2023R$38.9bR$29.5bR$2.1b18.4x18.6x1.3x
Tue, 04 Apr 2023R$37.4bR$29.5bR$2.1b15.3x18x1.3x
Thu, 02 Mar 2023R$53.3bR$41.6bR$3.6b9.6x15x1.3x
Sat, 28 Jan 2023R$59.7bR$41.4bR$3.5b11.2x17.3x1.4x
Price to Earnings Ratio

17.3x


Total Market Cap: R$59.7bTotal Earnings: R$3.5bTotal Revenue: R$41.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Tech Sector Price to Earnings3Y Average 31.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Brazilian Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 26.7x which is lower than its 3-year average PE of 31.4x.
  • The industry is trading close to its 3-year average PS ratio of 1.3x.
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 Market0.41%
Tech-1.91%
Electronic Equipment and Components2.07%
Software-1.00%
IT-1.59%
Communications-6.33%
Tech Hardware-7.37%
Industry PE
  • Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 37.3x.
    • Analysts are expecting annual earnings growth of 19.4%, 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 89% over the next 5 years.
  • In contrast, the Communications industry is expected to see its earnings grow by 13% 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$44.644.4%
+R$1.1b		53.7%PE32.3x
ALLD3 Allied TecnologiaR$8.322.0%
+R$15.2m		18.0%PE2.2x
PDTC3 Padtec HoldingR$1.371.5%
+R$1.6m		20.2%PS0.3x

Latest News

INTB3
R$10.73
Intelbras - Indústria de Telecomunicação Eletrônica Brasileira
7D
-4.6%
1Y
-20.8%

Little Excitement Around Intelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira's (BVMF:INTB3) Earnings

Jan 17
Little Excitement Around Intelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira's (BVMF:INTB3) Earnings
TOTS3
R$44.64
TOTVS
7D
4.4%
1Y
53.7%

TOTVS (BVMF:TOTS3) Could Easily Take On More Debt

Jan 11
TOTVS (BVMF:TOTS3) Could Easily Take On More Debt
POSI3
R$3.96
Positivo Tecnologia
7D
-2.2%
1Y
-28.0%
PDTC3
R$1.37
Padtec Holding
7D
1.5%
1Y
20.2%

Does Padtec Holding (BVMF:PDTC3) Have A Healthy Balance Sheet?

Dec 23
Does Padtec Holding (BVMF:PDTC3) Have A Healthy Balance Sheet?
WDCN3
R$2.75
Livetech da Bahia Indústria e Comércio
7D
-0.4%
1Y
18.0%

Livetech da Bahia Indústria e Comércio S.A.'s (BVMF:WDCN3) Revenues Are Not Doing Enough For Some Investors

Dec 19
Livetech da Bahia Indústria e Comércio S.A.'s (BVMF:WDCN3) Revenues Are Not Doing Enough For Some Investors
MLAS3
R$1.32
Grupo Multi
7D
-8.3%
1Y
17.9%

Grupo Multi (BVMF:MLAS3) Will Want To Turn Around Its Return Trends

Dec 15
Grupo Multi (BVMF:MLAS3) Will Want To Turn Around Its Return Trends
NGRD3
R$27.86
Neogrid Participações
7D
-0.3%
1Y
32.6%
LWSA3
R$4.28
Locaweb Serviços de Internet
7D
-1.4%
1Y
34.6%

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
ALLD3
R$8.32
Allied Tecnologia
7D
2.0%
1Y
18.0%

We Like Allied Tecnologia's (BVMF:ALLD3) Earnings For More Than Just Statutory Profit

Nov 20
We Like Allied Tecnologia's (BVMF:ALLD3) Earnings For More Than Just Statutory Profit