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Brazilian (BOVESPA) Software Industry Analysis

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies2
  • 7D0.7%
  • 3M5.9%
  • 1Y57.7%
  • YTD74.6%

Over the last 7 days, the Software industry has dropped 4.4%, driven by pullbacks from every company within the industry. This takes the industry's 12 month performance to a gain of 49%. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Dec 2025R$27.4bR$6.2bR$792.9m33.4x34.6x4.4x
Tue, 11 Nov 2025R$26.8bR$6.2bR$792.9m33.3x33.8x4.3x
Thu, 09 Oct 2025R$25.8bR$6.0bR$829.6m29.7x31.1x4.3x
Sat, 06 Sep 2025R$25.6bR$6.0bR$829.6m29.4x30.8x4.3x
Mon, 04 Aug 2025R$25.9bR$5.7bR$754.7m32.7x34.3x4.5x
Wed, 02 Jul 2025R$25.0bR$5.7bR$754.7m31.5x33.1x4.4x
Fri, 30 May 2025R$25.3bR$5.7bR$754.7m31.9x33.5x4.4x
Sun, 27 Apr 2025R$22.7bR$5.5bR$684.8m31.3x33.1x4.1x
Tue, 25 Mar 2025R$22.3bR$6.0bR$682.0m28x32.7x3.7x
Thu, 20 Feb 2025R$22.8bR$6.0bR$682.0m28.6x33.4x3.8x
Sat, 18 Jan 2025R$19.2bR$5.8bR$614.6m26x31.2x3.3x
Mon, 16 Dec 2024R$19.6bR$5.8bR$614.6m26.9x31.9x3.4x
Wed, 13 Nov 2024R$19.9bR$5.8bR$614.6m27.3x32.3x3.4x
Fri, 11 Oct 2024R$18.7bR$5.6bR$512.3m30.5x36.6x3.3x
Sun, 08 Sep 2024R$19.3bR$5.6bR$512.3m32x37.8x3.4x
Tue, 06 Aug 2024R$18.0bR$5.4bR$511.5m30.4x35.2x3.3x
Thu, 04 Jul 2024R$19.5bR$5.4bR$511.5m33.5x38.2x3.6x
Sat, 01 Jun 2024R$18.9bR$5.4bR$511.5m32.4x37x3.5x
Mon, 29 Apr 2024R$18.6bR$5.3bR$481.7m60.9x38.7x3.5x
Wed, 27 Mar 2024R$19.4bR$5.3bR$481.7m64.2x40.3x3.7x
Fri, 23 Feb 2024R$19.7bR$5.3bR$488.0m32.7x40.4x3.7x
Sun, 21 Jan 2024R$22.3bR$5.8bR$525.1m35.9x42.5x3.9x
Tue, 19 Dec 2023R$23.8bR$5.8bR$525.1m38.2x45.3x4.1x
Thu, 16 Nov 2023R$23.1bR$5.8bR$545.0m37x42.3x4x
Sat, 14 Oct 2023R$19.5bR$5.6bR$494.0m33.5x39.6x3.5x
Mon, 11 Sep 2023R$20.2bR$5.6bR$494.0m34.7x40.9x3.6x
Wed, 09 Aug 2023R$21.4bR$5.4bR$515.9m35.1x41.5x4x
Fri, 07 Jul 2023R$21.7bR$5.4bR$515.9m35.7x42.1x4x
Sun, 04 Jun 2023R$20.7bR$5.4bR$515.9m34.4x40.1x3.8x
Tue, 02 May 2023R$18.3bR$5.2bR$489.2m31.4x37.4x3.5x
Thu, 30 Mar 2023R$19.4bR$5.2bR$489.2m34x39.6x3.7x
Sat, 25 Feb 2023R$19.5bR$5.1bR$436.0m53.5x44.7x3.8x
Mon, 23 Jan 2023R$20.1bR$5.2bR$395.6m51.8x50.9x3.9x
Wed, 21 Dec 2022R$19.2bR$5.2bR$395.6m49x48.5x3.7x
Price to Earnings Ratio

48.5x


Total Market Cap: R$19.2bTotal 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 Market0.99%
Tech1.08%
Software0.71%
Systems Software0.72%
Application Software-0.54%
Industry PE
  • Investors are most optimistic about the Systems Software industry even though it's trading below its 3-year average PE ratio of 36.4x.
    • Analysts are expecting annual earnings growth of 19.3%, 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$46.240.7%
+R$193.9m		58.5%PE33.4x

Latest News

NGRD3
R$25.96
Neogrid Participações
7D
-0.5%
1Y
-3.2%
TOTS3
R$46.24
TOTVS
7D
0.7%
1Y
58.5%

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.