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Brazilian (BOVESPA) Software Industry Analysis

UpdatedDec 17, 2025
DataAggregated Company Financials
Companies2
  • 7D0.5%
  • 3M0.8%
  • 1Y60.8%
  • YTD71.5%

In the last week, Software has been flat. As for the the longer term, the industry is up 58% over the past 12 months. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

Has the Brazilian Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Dec 2025R$27.7bR$6.2bR$792.9m32.9x34.9x4.5x
Fri, 14 Nov 2025R$28.1bR$6.2bR$792.9m34.1x35.5x4.5x
Sun, 12 Oct 2025R$25.5bR$6.0bR$829.6m29.3x30.7x4.3x
Tue, 09 Sep 2025R$25.5bR$6.0bR$829.6m29.4x30.7x4.3x
Thu, 07 Aug 2025R$26.1bR$5.7bR$754.7m32.9x34.6x4.5x
Sat, 05 Jul 2025R$25.5bR$5.7bR$754.7m32.1x33.8x4.4x
Mon, 02 Jun 2025R$25.0bR$5.7bR$754.7m31.5x33.1x4.4x
Wed, 30 Apr 2025R$22.5bR$5.5bR$684.8m31.1x32.9x4.1x
Fri, 28 Mar 2025R$22.0bR$6.0bR$678.0m27.6x32.5x3.7x
Sun, 23 Feb 2025R$23.1bR$6.0bR$682.0m29.2x33.9x3.9x
Tue, 21 Jan 2025R$19.0bR$5.8bR$614.6m26.2x30.9x3.3x
Thu, 19 Dec 2024R$18.9bR$5.8bR$614.6m24.5x30.8x3.3x
Sat, 16 Nov 2024R$19.9bR$5.8bR$614.6m27.3x32.3x3.4x
Mon, 14 Oct 2024R$18.7bR$5.6bR$512.3m30.5x36.6x3.3x
Wed, 11 Sep 2024R$19.2bR$5.6bR$512.3m31.9x37.5x3.4x
Fri, 09 Aug 2024R$18.7bR$5.4bR$509.6m31.7x36.7x3.4x
Sun, 07 Jul 2024R$19.5bR$5.4bR$511.5m33.3x38.1x3.6x
Tue, 04 Jun 2024R$18.7bR$5.4bR$511.5m31.9x36.6x3.4x
Thu, 02 May 2024R$18.3bR$5.3bR$481.7m61.4x38.1x3.5x
Sat, 30 Mar 2024R$18.4bR$5.3bR$481.7m63.2x38.1x3.5x
Mon, 26 Feb 2024R$20.0bR$5.3bR$488.0m32.6x41x3.8x
Wed, 24 Jan 2024R$21.5bR$5.8bR$525.1m35.1x41x3.7x
Fri, 22 Dec 2023R$23.3bR$5.8bR$525.1m37.8x44.4x4x
Sun, 19 Nov 2023R$23.5bR$5.8bR$525.1m36.8x44.8x4.1x
Tue, 17 Oct 2023R$19.7bR$5.6bR$494.0m33.5x39.9x3.5x
Thu, 14 Sep 2023R$21.0bR$5.6bR$494.0m35.9x42.4x3.7x
Sat, 12 Aug 2023R$20.0bR$5.6bR$490.4m34.2x40.8x3.6x
Mon, 10 Jul 2023R$22.0bR$5.4bR$515.9m36.4x42.6x4.1x
Wed, 07 Jun 2023R$20.6bR$5.4bR$515.9m35.3x40x3.8x
Fri, 05 May 2023R$18.5bR$5.2bR$489.2m31.8x37.9x3.6x
Sun, 02 Apr 2023R$19.7bR$5.2bR$489.2m34.4x40.3x3.8x
Tue, 28 Feb 2023R$19.6bR$5.1bR$436.0m54.4x44.9x3.8x
Thu, 26 Jan 2023R$20.8bR$5.2bR$395.6m54.8x52.6x4x
Sat, 24 Dec 2022R$20.0bR$5.2bR$395.6m52x50.5x3.8x
Price to Earnings Ratio

50.5x


Total Market Cap: R$20.0bTotal Earnings: R$395.6mTotal Revenue: R$5.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Software Industry Price to Earnings3Y Average 37.8x202320242025
Current Industry PE
    There are only 2 companies in the Brazilian Software industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Software industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 5.9% 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 Tech industry?

BR Market-0.58%
Tech-0.33%
Software0.49%
Systems Software0.51%
Application Software-2.08%
Industry PE
  • Investors are most optimistic about the Systems Software industry, which is trading close to its 3-year average PE ratio of 36.3x.
    • 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 Systems Software industry, expecting annual earnings growth of 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 25% per year.
  • In contrast, the Systems Software industry is expected to see its earnings grow by 19% 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$45.430.5%
+R$135.2m		61.7%PE32.9x

Latest News

NGRD3
R$25.01
Neogrid Participações
7D
-2.1%
1Y
-0.08%
TOTS3
R$45.43
TOTVS
7D
0.5%
1Y
61.7%

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.