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Brazilian (BOVESPA) Telecom Sector Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies13
  • 7D-2.4%
  • 3M-2.2%
  • 1Y41.9%
  • YTD41.6%

Over the last 7 days, the Telecom industry has dropped 2.4%, driven by TIM declining 5.9%. Over the past 12 months, the industry was up 42%. Earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Dec 2025R$165.7bR$92.0bR$10.6b13.9x15.7x1.8x
Sun, 23 Nov 2025R$179.3bR$92.0bR$10.6b14.8x17x1.9x
Tue, 21 Oct 2025R$172.2bR$90.5bR$9.9b17x17.4x1.9x
Thu, 18 Sep 2025R$173.2bR$90.5bR$9.9b15.1x17.5x1.9x
Sat, 16 Aug 2025R$169.2bR$90.4bR$9.9b14.5x17.1x1.9x
Mon, 14 Jul 2025R$162.7bR$88.9bR$9.5b14.9x17.2x1.8x
Wed, 11 Jun 2025R$154.9bR$90.2bR$9.6b15.4x16.1x1.7x
Fri, 09 May 2025R$149.9bR$89.2bR$9.4b13.8x16x1.7x
Sun, 06 Apr 2025R$134.9bR$88.7bR$9.2b11.7x14.7x1.5x
Tue, 04 Mar 2025R$128.5bR$89.0bR$9.0b10.3x14.3x1.4x
Thu, 30 Jan 2025R$131.8bR$87.6bR$8.9b10.7x14.8x1.5x
Sat, 28 Dec 2024R$124.3bR$87.6bR$8.9b10.2x14x1.4x
Mon, 25 Nov 2024R$133.7bR$87.4bR$8.9b12.3x15.1x1.5x
Wed, 23 Oct 2024R$140.4bR$86.1bR$8.6b14x16.4x1.6x
Fri, 20 Sep 2024R$146.3bR$86.1bR$8.6b16x17.1x1.7x
Sun, 18 Aug 2024R$141.3bR$85.9bR$8.5b14.3x16.5x1.6x
Tue, 16 Jul 2024R$133.7bR$84.2bR$8.5b13.9x15.8x1.6x
Thu, 13 Jun 2024R$124.6bR$84.2bR$8.5b12.7x14.7x1.5x
Sat, 11 May 2024R$125.7bR$84.3bR$8.5b13.7x14.8x1.5x
Mon, 08 Apr 2024R$141.2bR$83.1bR$8.3b15.8x17x1.7x
Wed, 06 Mar 2024R$141.4bR$82.6bR$8.2b15.3x17.2x1.7x
Fri, 02 Feb 2024R$139.9bR$81.3bR$7.2b16.8x19.5x1.7x
Sun, 31 Dec 2023R$142.8bR$81.3bR$7.2b18.2x19.9x1.8x
Tue, 28 Nov 2023R$138.1bR$81.3bR$7.2b17.8x19.3x1.7x
Thu, 26 Oct 2023R$122.3bR$79.8bR$6.9b19.6x17.6x1.5x
Sat, 23 Sep 2023R$119.6bR$79.8bR$6.9b19.5x17.3x1.5x
Mon, 21 Aug 2023R$117.4bR$79.7bR$6.9b19.7x16.9x1.5x
Wed, 19 Jul 2023R$110.9bR$78.2bR$6.1b17x18.3x1.4x
Fri, 16 Jun 2023R$121.2bR$78.2bR$6.1b17.6x20x1.5x
Sun, 14 May 2023R$113.6bR$78.1bR$6.0b16.6x19.1x1.5x
Tue, 11 Apr 2023R$106.0bR$75.6bR$5.9b14.7x18.1x1.4x
Thu, 09 Mar 2023R$103.9bR$75.2bR$5.7b15.9x18.2x1.4x
Sat, 04 Feb 2023R$101.0bR$73.1bR$7.7b12.6x13.1x1.4x
Mon, 02 Jan 2023R$102.5bR$72.9bR$7.8b14x13.1x1.4x
Price to Earnings Ratio

13.1x


Total Market Cap: R$102.5bTotal Earnings: R$7.8bTotal Revenue: R$72.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Telecom Sector Price to Earnings3Y Average 16.7x20242025
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 16.7x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 8.1% 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 Market0.14%
Telecom-2.36%
Entertainment-0.41%
Interactive Media and Services-0.68%
Telecom Services and Carriers-0.69%
Media-1.13%
Wireless Telecom-5.87%
Industry PE
  • Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio of 17.9x.
    • 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 16% 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
DESK3 DesktopR$16.892.0%
+R$38.3m		65.6%PE26.8x
SHOW3 T4F EntretenimentoR$5.711.1%
+R$404.5k		-16.0%PS0.3x

Latest News

TIMS3
R$21.48
TIM
7D
-5.9%
1Y
49.2%

Unpleasant Surprises Could Be In Store For TIM S.A.'s (BVMF:TIMS3) Shares

Dec 26
Unpleasant Surprises Could Be In Store For TIM S.A.'s (BVMF:TIMS3) Shares
FIQE3
R$5.68
Unifique Telecomunicações
7D
-0.4%
1Y
68.0%
VIVT3
R$32.58
Telefônica Brasil
7D
-0.7%
1Y
38.2%

VIVT3: Capital Reduction And Buyback Will Drive Stronger Shareholder Returns

Analysts have slightly raised their price target on Telefônica Brasil to approximately $37.84 from $37.70, citing expectations for marginally higher long term valuation multiples, despite a modest softening in projected profit margins and revenue growth. What's in the News Board to evaluate the net value of interest on capital attributed to the mandatory dividend for fiscal 2025 and the corresponding payment schedule by April 30, 2026, at the December 16, 2025 meeting (company filing) Proposal to reduce the company's capital stock by R$4 billion and amend the bylaws, scheduled for approval at the December 10, 2025 board meeting (company filing) Board meeting on November 28, 2025 to consider changing the corporate purpose and convening an extraordinary shareholders meeting (company filing) Extraordinary shareholders meeting set for January 9, 2026 in Sao Paulo to ratify a Fibre-related acquisition, cancel treasury shares, and consolidate bylaw changes (company filing) Completion of a share buyback of 41,485,714 shares for BRL 1.2 billion, representing about 1.28 percent of capital, under the program announced in February 2025 (company filing) Valuation Changes Fair Value: The price target has risen slightly from $37.70 to approximately $37.84 per share.
BMOB3
R$22.90
Bemobi Mobile Tech
7D
-0.4%
1Y
73.5%

BMOB3: Future Discount Rate Will Ease While Earnings Multiple Remains Supportive

Analysts have slightly raised their price target for Bemobi Mobile Tech to R$28.63 from R$28.63, reflecting a higher required discount rate and modestly richer forward P/E assumptions despite unchanged fair value and operating forecasts. Valuation Changes Fair Value Estimate, unchanged at R$28.63 per share, indicating no revision to the intrinsic valuation despite other model adjustments.
DESK3
R$16.89
Desktop
7D
2.0%
1Y
65.6%

Is Now An Opportune Moment To Examine Desktop S.A. (BVMF:DESK3)?

Dec 17
Is Now An Opportune Moment To Examine Desktop S.A. (BVMF:DESK3)?
BRST3
R$3.38
Brisanet Serviços de Telecomunicações
7D
-2.0%
1Y
35.2%
SHOW3
R$5.71
T4F Entretenimento
7D
1.1%
1Y
-16.0%
FICT3
R$2.18
Fictor Alimentos
7D
-3.1%
1Y
-23.0%
DOTZ3
R$4.96
Dotz
7D
-5.2%
1Y
67.6%

Little Excitement Around Dotz S.A.'s (BVMF:DOTZ3) Revenues As Shares Take 25% Pounding

Nov 26
Little Excitement Around Dotz S.A.'s (BVMF:DOTZ3) Revenues As Shares Take 25% Pounding
CASH3
R$3.97
Méliuz
7D
-1.0%
1Y
40.8%