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Brazilian (BOVESPA) Software Industry Analysis

UpdatedSep 18, 2026
DataAggregated Company Financials
Companies1
  • 7D5.2%
  • 3M27.9%
  • 1Y-24.7%
  • YTD-15.4%

All of the companies in the Software industry have been up over the last week, with the industry up 5.2%. However, the industry is down 25% over the past year. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 19 Sep 2026R$19.9bR$6.6bR$888.1m22.4x22.4x3x
Mon, 17 Aug 2026R$17.3bR$6.6bR$888.1m19.5x19.5x2.6x
Wed, 15 Jul 2026R$17.0bR$6.3bR$844.9m19.5x20.1x2.7x
Fri, 12 Jun 2026R$17.7bR$6.3bR$844.9m20.4x21x2.8x
Sun, 10 May 2026R$21.0bR$6.3bR$840.1m24.5x25x3.4x
Tue, 07 Apr 2026R$20.9bR$6.0bR$807.3m25.4x25.9x3.5x
Thu, 05 Mar 2026R$21.7bR$6.0bR$793.0m26.8x27.4x3.6x
Sat, 31 Jan 2026R$27.2bR$6.2bR$792.9m32.2x34.3x4.4x
Mon, 29 Dec 2025R$25.2bR$6.2bR$792.9m30.6x31.7x4.1x
Wed, 26 Nov 2025R$25.3bR$6.2bR$792.9m31.3x32x4.1x
Fri, 24 Oct 2025R$24.6bR$6.0bR$829.6m28.7x29.7x4.1x
Sun, 21 Sep 2025R$27.3bR$6.0bR$829.6m31.4x32.9x4.6x
Tue, 19 Aug 2025R$25.0bR$6.0bR$829.6m28.8x30.2x4.2x
Thu, 17 Jul 2025R$25.1bR$5.7bR$754.7m31.6x33.2x4.4x
Sat, 14 Jun 2025R$24.3bR$5.7bR$754.7m30.6x32.2x4.2x
Mon, 12 May 2025R$22.6bR$5.7bR$752.1m28.6x30.1x3.9x
Wed, 09 Apr 2025R$20.2bR$5.5bR$706.6m28.2x28.7x3.7x
Fri, 07 Mar 2025R$22.9bR$6.0bR$682.0m29x33.6x3.8x
Sun, 02 Feb 2025R$22.5bR$5.8bR$614.6m31.4x36.6x3.9x
Tue, 31 Dec 2024R$18.3bR$5.8bR$614.6m24.6x29.7x3.1x
Thu, 28 Nov 2024R$19.3bR$5.8bR$614.6m26.5x31.5x3.3x
Sat, 26 Oct 2024R$19.0bR$5.6bR$512.3m31.4x37.2x3.4x
Mon, 23 Sep 2024R$19.0bR$5.6bR$512.3m31.5x37x3.4x
Wed, 21 Aug 2024R$19.5bR$5.6bR$512.3m32.7x38.1x3.5x
Fri, 19 Jul 2024R$18.5bR$5.4bR$511.5m31.6x36.2x3.4x
Sun, 16 Jun 2024R$20.0bR$5.4bR$511.5m34.5x39.1x3.7x
Tue, 14 May 2024R$18.6bR$5.5bR$502.8m31.7x36.9x3.4x
Thu, 11 Apr 2024R$18.2bR$5.3bR$481.7m62.9x37.7x3.4x
Sat, 09 Mar 2024R$19.1bR$5.3bR$481.6m65.6x39.7x3.6x
Mon, 05 Feb 2024R$22.3bR$5.8bR$525.1m35.9x42.5x3.9x
Wed, 03 Jan 2024R$23.2bR$5.8bR$525.1m37.4x44.2x4x
Fri, 01 Dec 2023R$23.5bR$5.8bR$525.1m37.7x44.8x4.1x
Sun, 29 Oct 2023R$19.3bR$5.6bR$494.0m32x39.1x3.5x
Tue, 26 Sep 2023R$19.7bR$5.6bR$494.0m33.7x39.9x3.5x
Price to Earnings Ratio

39.9x


Total Market Cap: R$19.7bTotal Earnings: R$494.0mTotal Revenue: R$5.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Software Industry Price to Earnings3Y Average 33.2x202420252026
Current Industry PE
    There is only one company 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 22% per year over the last three years.
  • Revenues for these companies have grown 5.6% 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-0.64%
Tech2.79%
Software5.19%
Systems Software5.19%
Application Software0%0
Industry PE
  • Investors are most optimistic about the Systems Software industry even though it's trading below its 3-year average PE ratio of 32.0x.
    • Analysts are expecting annual earnings growth of 16.8%, which is higher than its past year's earnings growth of 14.3% per year.
  • Investors are most pessimistic about the Systems Software industry, which is trading below its 3-year average of 32.0x.
Forecasted Growth
  • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Systems Software industry is expected to see its earnings grow by 17% 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$34.304.1%
+R$779.5m		-25.4%PE22.1x

Latest News

TOTS3
R$34.30
TOTVS
7D
4.1%
1Y
-25.4%
Narrative Update • Sep 16

TOTS3: Share Buybacks And Board Actions Will Shape Bullish Outlook

Analysts have lifted their price target on TOTVS from R$36.50 to R$39.00, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels as key drivers of the change. What’s in the News for TOTVS TOTVS scheduled a board meeting for August 27, 2026 at 11:00 Coordinated Universal Time to review opening remarks and resolutions, company matters, a client roundtable, a visit to a regional client, budget guidelines for fiscal year 2027, the related party transactions policy, and the assessment of executive and corporate targets for the first half of 2026.