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Brazilian (BOVESPA) Telecom Sector Analysis

UpdatedSep 11, 2025
DataAggregated Company Financials
Companies12
  • 7D-1.1%
  • 3M10.1%
  • 1Y21.1%
  • YTD44.1%

Over the last 7 days, the Telecom industry has dropped 1.1%, driven by Telefônica Brasil declining 1.1%. In the past year, the industry has gained 21%. 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
Thu, 11 Sep 2025R$169.2bR$90.5bR$9.9b14.5x17.1x1.9x
Sat, 09 Aug 2025R$167.6bR$90.4bR$9.8b14.9x17.1x1.9x
Mon, 07 Jul 2025R$167.0bR$88.9bR$9.5b15.8x17.6x1.9x
Wed, 04 Jun 2025R$154.4bR$90.2bR$9.6b15.3x16.1x1.7x
Fri, 02 May 2025R$147.9bR$88.8bR$9.1b14.5x16.3x1.7x
Sun, 30 Mar 2025R$135.5bR$88.7bR$9.2b11.3x14.8x1.5x
Tue, 25 Feb 2025R$138.6bR$88.0bR$8.8b10.5x15.7x1.6x
Thu, 23 Jan 2025R$128.5bR$87.6bR$8.9b10.6x14.5x1.5x
Sat, 21 Dec 2024R$126.9bR$87.6bR$8.9b10.8x14.3x1.4x
Mon, 18 Nov 2024R$135.5bR$87.6bR$8.9b12.7x15.3x1.5x
Wed, 16 Oct 2024R$139.5bR$86.1bR$8.6b14.3x16.3x1.6x
Fri, 13 Sep 2024R$144.5bR$86.1bR$8.6b15.7x16.9x1.7x
Sun, 11 Aug 2024R$137.4bR$85.8bR$8.7b14.9x15.8x1.6x
Tue, 09 Jul 2024R$125.5bR$84.2bR$8.5b13.1x14.8x1.5x
Thu, 06 Jun 2024R$125.3bR$84.2bR$8.5b12.8x14.8x1.5x
Sat, 04 May 2024R$139.1bR$83.1bR$8.3b15.3x16.8x1.7x
Mon, 01 Apr 2024R$138.4bR$83.1bR$8.3b15.2x16.7x1.7x
Wed, 28 Feb 2024R$145.5bR$82.6bR$8.2b16x17.7x1.8x
Fri, 26 Jan 2024R$136.7bR$81.3bR$7.2b17.1x19.1x1.7x
Sun, 24 Dec 2023R$142.8bR$81.3bR$7.2b17.9x19.9x1.8x
Tue, 21 Nov 2023R$134.3bR$81.3bR$7.2b17.5x18.6x1.7x
Thu, 19 Oct 2023R$123.3bR$79.8bR$6.9b19.5x17.8x1.5x
Sat, 16 Sep 2023R$119.3bR$79.8bR$6.9b20x17.2x1.5x
Mon, 14 Aug 2023R$117.3bR$79.6bR$6.8b18.8x17.3x1.5x
Wed, 12 Jul 2023R$114.3bR$78.2bR$6.1b16.4x18.8x1.5x
Fri, 09 Jun 2023R$115.5bR$78.2bR$6.1b16.9x19x1.5x
Sun, 07 May 2023R$111.5bR$75.7bR$5.9b18.4x19x1.5x
Tue, 04 Apr 2023R$102.2bR$75.6bR$5.9b15.1x17.4x1.4x
Thu, 02 Mar 2023R$102.4bR$75.2bR$5.7b15.1x17.9x1.4x
Sat, 28 Jan 2023R$103.9bR$72.9bR$7.8b12.8x13.3x1.4x
Mon, 26 Dec 2022R$102.7bR$72.9bR$7.8b13.9x13.2x1.4x
Wed, 23 Nov 2022R$104.4bR$72.9bR$7.7b14.3x13.5x1.4x
Fri, 21 Oct 2022R$107.9bR$69.9bR$8.1b12.5x13.3x1.5x
Sun, 18 Sep 2022R$107.0bR$69.9bR$8.1b14.8x13.2x1.5x
Price to Earnings Ratio

13.2x


Total Market Cap: R$107.0bTotal Earnings: R$8.1bTotal Revenue: R$69.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Telecom Sector Price to Earnings3Y Average 16.3x202320242025
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 16.3x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 6.9% per year over the last three years.
  • Revenues for these companies have grown 9.0% 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 Market0.84%
Telecom-1.11%
Entertainment2.03%
Interactive Media and Services1.08%
Media-0.35%
Wireless Telecom-0.88%
Telecom Services and Carriers-1.28%
Industry PE
  • Investors are most optimistic about the Interactive Media and Services industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 3.8% and investors are willing to pay a premium for that growth.
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 8.1% per year.
  • In contrast, the Interactive Media and Services industry is expected to see its earnings grow by 3.8% 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
BMOB3 Bemobi Mobile TechR$21.002.0%
+R$35.4m		40.6%PE14x
FIQE3 Unifique TelecomunicaçõesR$4.480.9%
+R$14.1m		14.9%PE8.9x
CASH3 MéliuzR$4.651.1%
+R$5.6m		7.4%PE10.8x
ENJU3 EnjoeiR$0.961.1%
+R$2.1m		-30.4%PS0.7x
SHOW3 T4F EntretenimentoR$6.191.5%
+R$606.7k		-30.4%PS0.3x

Latest News

DESK3
R$8.02
Desktop
7D
-3.3%
1Y
-47.9%
SHOW3
R$6.19
T4F Entretenimento
7D
1.5%
1Y
-30.4%
VIVT3
R$33.21
Telefônica Brasil
7D
-1.1%
1Y
21.6%

FTTH Consolidation And 5G Rollout Will Empower Future Connectivity

Telefônica Brasil’s valuation outlook remains stable as both future P/E and revenue growth expectations are virtually unchanged, resulting in only a marginal increase in fair value, with the consensus analyst price target rising slightly from R$35.16 to R$35.59. What's in the News Telefônica Brasil was removed from the Brazil Valor BM&FBOVESPA Index.
CASH3
R$4.65
Méliuz
7D
1.1%
1Y
7.4%
TIMS3
R$22.45
TIM
7D
-0.9%
1Y
23.4%

5G Expansion And IoT Integration Will Unlock Telecom Potential

TIM’s consensus revenue growth forecast has edged down while its future P/E multiple has ticked up, leaving the analyst price target largely unchanged with a marginal increase to R$23.74. What's in the News Board to review ESG, Audit, and Control & Risks Committee activities, consider amendment to Corporate Risk Management Policy, and acknowledge quarterly financial report.
BMOB3
R$21.00
Bemobi Mobile Tech
7D
2.0%
1Y
40.6%
DOTZ3
R$8.98
Dotz
7D
-1.8%
1Y
40.8%
ENJU3
R$0.96
Enjoei
7D
1.1%
1Y
-30.4%
FIQE3
R$4.48
Unifique Telecomunicações
7D
0.9%
1Y
14.9%
FICT3
R$3.15
Fictor Alimentos
7D
-1.3%
1Y
46.5%
ATED3
R$2.09
Atom Educação E Editora
7D
-2.3%
1Y
n/a