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Brazilian (BOVESPA) Telecom Sector Analysis

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies13
  • 7D4.4%
  • 3M10.9%
  • 1Y53.2%
  • YTD21.3%

In the last week, the Telecom industry is up 5.8%, with Telefônica Brasil up 5.1%. During this same period, the Brisanet Serviços de Telecomunicações underperformed, falling 5.9%. In the last 12 months, the industry was up 59%. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Feb 2026R$199.3bR$92.0bR$10.6b14.9x18.9x2.2x
Fri, 09 Jan 2026R$166.4bR$92.0bR$10.6b13.5x15.8x1.8x
Sun, 07 Dec 2025R$172.4bR$92.0bR$10.6b15.6x16.3x1.9x
Tue, 04 Nov 2025R$170.4bR$91.4bR$10.1b16.6x16.9x1.9x
Thu, 02 Oct 2025R$173.9bR$90.5bR$9.9b15.4x17.6x1.9x
Sat, 30 Aug 2025R$173.0bR$90.5bR$9.9b14.2x17.5x1.9x
Mon, 28 Jul 2025R$153.8bR$88.9bR$9.5b14.1x16.2x1.7x
Wed, 25 Jun 2025R$157.8bR$88.9bR$9.5b15x16.6x1.8x
Fri, 23 May 2025R$148.3bR$90.2bR$9.6b14.7x15.5x1.6x
Sun, 20 Apr 2025R$140.0bR$88.8bR$9.1b13.7x15.4x1.6x
Tue, 18 Mar 2025R$136.5bR$88.8bR$9.1b10.7x15.1x1.5x
Thu, 13 Feb 2025R$137.3bR$88.0bR$8.8b11x15.5x1.6x
Sat, 11 Jan 2025R$124.0bR$87.6bR$8.9b10x14x1.4x
Mon, 09 Dec 2024R$134.4bR$86.1bR$8.8b12.2x15.3x1.6x
Wed, 06 Nov 2024R$138.9bR$86.4bR$8.7b13.7x16.1x1.6x
Fri, 04 Oct 2024R$143.8bR$86.1bR$8.6b14.9x16.8x1.7x
Sun, 01 Sep 2024R$139.6bR$86.1bR$8.6b15.2x16.3x1.6x
Tue, 30 Jul 2024R$130.6bR$84.2bR$8.5b13.4x15.4x1.6x
Thu, 27 Jun 2024R$125.1bR$84.2bR$8.5b13x14.8x1.5x
Sat, 25 May 2024R$126.8bR$84.4bR$8.5b13.5x15x1.5x
Mon, 22 Apr 2024R$133.0bR$83.1bR$8.3b14.6x16x1.6x
Wed, 20 Mar 2024R$139.5bR$82.6bR$8.3b13.3x16.9x1.7x
Fri, 16 Feb 2024R$144.7bR$81.5bR$7.7b15.5x18.8x1.8x
Sun, 14 Jan 2024R$136.6bR$81.3bR$7.2b17.2x19.1x1.7x
Tue, 12 Dec 2023R$141.5bR$81.3bR$7.2b18.9x19.8x1.7x
Thu, 09 Nov 2023R$130.2bR$81.1bR$7.3b20x17.9x1.6x
Sat, 07 Oct 2023R$121.0bR$79.8bR$6.9b19.1x17.5x1.5x
Mon, 04 Sep 2023R$115.3bR$79.8bR$6.9b19.1x16.6x1.4x
Wed, 02 Aug 2023R$115.9bR$79.6bR$6.8b17.2x17.1x1.5x
Fri, 30 Jun 2023R$116.9bR$78.2bR$6.1b17.2x19.3x1.5x
Sun, 28 May 2023R$114.4bR$78.2bR$6.1b16.7x18.8x1.5x
Tue, 25 Apr 2023R$109.2bR$75.6bR$5.9b16.4x18.6x1.4x
Thu, 23 Mar 2023R$103.3bR$75.4bR$5.8b14.5x17.9x1.4x
Sat, 18 Feb 2023R$107.4bR$75.2bR$5.7b15.3x18.8x1.4x
Price to Earnings Ratio

18.8x


Total Market Cap: R$107.4bTotal Earnings: R$5.7bTotal Revenue: R$75.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Telecom Sector Price to Earnings3Y Average 16.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the Brazilian Communication Services 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 16.8x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 6.9% 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 Telecom sector?

BR Market0.023%
Telecom4.36%
Telecom Services and Carriers4.95%
Wireless Telecom3.55%
Media0.44%
Entertainment-4.08%
Interactive Media and Services-5.20%
Industry PE
  • Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio of 18.1x.
    • Analysts are expecting annual earnings growth of 9.9%, which is lower than the prior year's growth of 23.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 4.6% per year.
  • In contrast, the Interactive Media and Services industry is expected to see its earnings decline by 7.5% 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
VIVT3 Telefônica BrasilR$40.505.1%
+R$6.3b		54.8%PE21.4x
TIMS3 TIMR$25.993.5%
+R$2.1b		53.5%PE15.4x
DESK3 DesktopR$16.5012.2%
+R$208.7m		70.1%PE26.1x
FIQE3 Unifique TelecomunicaçõesR$5.261.5%
+R$31.1m		67.6%PE10.4x
ATED3 Atom Educação E EditoraR$2.175.3%
+R$2.6m		97.3%n/a

Latest News

DOTZ3
R$2.86
Dotz
7D
-22.9%
1Y
-21.0%

Dotz S.A. (BVMF:DOTZ3) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough

Feb 10
Dotz S.A. (BVMF:DOTZ3) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough
VIVT3
R$40.50
Telefônica Brasil
7D
5.1%
1Y
54.8%

VIVT3: Capital Restructuring And Governance Moves Will Shape Steady Future Returns

Analysts have modestly revised their price target on Telefônica Brasil, citing small adjustments to revenue growth, profit margin expectations, the discount rate and the future P/E assumption. Together, these factors keep their fair value estimate broadly unchanged around R$37.77.
BMOB3
R$23.56
Bemobi Mobile Tech
7D
-4.1%
1Y
65.7%

BMOB3: Stable Fair Value And Higher Margin Assumptions Will Support Upside

Analysts have kept their fair value estimate for Bemobi Mobile Tech steady at $35.00, pointing to slightly lower required returns, along with a small improvement in projected profit margin and future P/E assumptions, as the key drivers behind the unchanged target. Valuation Changes Fair Value Estimate: Unchanged at R$35.00, indicating no adjustment to the analyst central valuation.
TIMS3
R$25.99
TIM
7D
3.5%
1Y
53.5%

TIMS3: Fibre Unit Reacquisition Talks And Board Agenda Will Guide Steady Outlook

Analysts have nudged their price target on TIM slightly higher to reflect updated assumptions around revenue growth of about 4.37% and a P/E near 19.62x, while keeping fair value broadly in line at about $25.66 per share. What's in the News TIM S.A. is in talks to buy back a 51% stake in fibre network unit I Systems, a business it previously controlled, in a potential deal valued around $170 million.
FICT3
R$0.73
Fictor Alimentos
7D
-2.7%
1Y
-82.2%
DESK3
R$16.50
Desktop
7D
12.2%
1Y
70.1%

Desktop (BVMF:DESK3) Will Be Hoping To Turn Its Returns On Capital Around

Jan 28
Desktop (BVMF:DESK3) Will Be Hoping To Turn Its Returns On Capital Around
SHOW3
R$5.62
T4F Entretenimento
7D
-2.3%
1Y
-20.8%

T4F Entretenimento S.A.'s (BVMF:SHOW3) Business And Shares Still Trailing The Industry

Jan 28
T4F Entretenimento S.A.'s (BVMF:SHOW3) Business And Shares Still Trailing The Industry
CASH3
R$3.48
Méliuz
7D
-6.5%
1Y
-9.4%
FIQE3
R$5.26
Unifique Telecomunicações
7D
1.5%
1Y
67.6%
BRST3
R$3.18
Brisanet Serviços de Telecomunicações
7D
-5.9%
1Y
12.4%
ENJU3
R$1.05
Enjoei
7D
-2.8%
1Y
-18.6%

There Is A Reason Enjoei S.A.'s (BVMF:ENJU3) Price Is Undemanding

Nov 28
There Is A Reason Enjoei S.A.'s (BVMF:ENJU3) Price Is Undemanding
ATED3
R$2.17
Atom Educação E Editora
7D
5.3%
1Y
97.3%