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Brazilian (BOVESPA) Market Analysis & Valuation

UpdatedAug 16, 2026
DataAggregated Company Financials
Companies496
  • 7D-3.3%
  • 3M-6.3%
  • 1Y9.8%
  • YTD-1.0%

Over the last 7 days, the market has dropped 3.3%, driven by a decline of 4.5% in the Financials sector. In the last year, the market is actually up 9.8%. As for the next few years, earnings are expected to grow by 12% per annum.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

Has the Brazilian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Aug 2026R$4.8tR$4.1tR$468.8b8.3x10.3x1.2x
Tue, 14 Jul 2026R$5.1tR$4.0tR$433.0b9.3x11.8x1.3x
Thu, 11 Jun 2026R$4.9tR$4.0tR$432.8b9.2x11.4x1.2x
Sat, 09 May 2026R$5.3tR$4.0tR$436.6b10.3x12.1x1.3x
Mon, 06 Apr 2026R$5.5tR$4.0tR$435.3b10.5x12.6x1.4x
Wed, 04 Mar 2026R$5.5tR$4.0tR$410.8b10x13.5x1.4x
Fri, 30 Jan 2026R$5.5tR$4.2tR$398.3b10.3x13.7x1.3x
Sun, 28 Dec 2025R$4.8tR$4.2tR$401.6b9.8x12x1.1x
Tue, 25 Nov 2025R$4.8tR$4.2tR$412.4b9.4x11.5x1.1x
Thu, 23 Oct 2025R$4.4tR$4.2tR$432.3b9x10.3x1.1x
Sat, 20 Sep 2025R$4.6tR$4.2tR$435.3b9x10.5x1.1x
Mon, 18 Aug 2025R$4.3tR$4.2tR$443.7b8.6x9.7x1x
Wed, 16 Jul 2025R$4.3tR$4.2tR$404.6b9x10.6x1x
Fri, 13 Jun 2025R$4.4tR$4.2tR$405.7b9.4x10.9x1.1x
Sun, 11 May 2025R$4.5tR$4.7tR$414.8b9.1x10.8x1x
Tue, 08 Apr 2025R$4.2tR$4.7tR$403.5b8.2x10.3x0.9x
Thu, 06 Mar 2025R$4.1tR$4.6tR$410.5b8x10x0.9x
Sat, 01 Feb 2025R$4.3tR$4.6tR$475.2b8.6x9x0.9x
Mon, 30 Dec 2024R$4.1tR$4.6tR$480.9b8.3x8.5x0.9x
Wed, 27 Nov 2024R$4.4tR$4.6tR$482.8b9.4x9.2x1x
Fri, 25 Oct 2024R$4.5tR$4.4tR$428.2b9.7x10.5x1x
Sun, 22 Sep 2024R$4.5tR$4.4tR$427.9b10x10.6x1x
Tue, 20 Aug 2024R$4.7tR$4.4tR$426.8b10.4x11x1.1x
Thu, 18 Jul 2024R$4.5tR$4.3tR$446.2b10.1x10.1x1x
Sat, 15 Jun 2024R$4.2tR$4.3tR$446.3b9.6x9.5x1x
Mon, 13 May 2024R$4.5tR$4.4tR$427.7b10.2x10.5x1x
Wed, 10 Apr 2024R$4.6tR$4.3tR$459.5b10.6x10.1x1.1x
Fri, 08 Mar 2024R$4.6tR$4.4tR$460.6b10.4x10x1.1x
Sun, 04 Feb 2024R$4.5tR$4.3tR$467.8b11.1x9.7x1x
Tue, 02 Jan 2024R$4.8tR$4.4tR$466.9b11.9x10.2x1.1x
Thu, 30 Nov 2023R$4.5tR$4.3tR$468.4b10.8x9.6x1x
Sat, 28 Oct 2023R$4.2tR$4.5tR$488.4b10.4x8.5x0.9x
Mon, 25 Sep 2023R$4.2tR$4.5tR$504.4b10.9x8.4x0.9x
Wed, 23 Aug 2023R$4.3tR$4.5tR$503.6b11.1x8.6x1x
Price to Earnings Ratio

8.6x


Total Market Cap: R$4.3tTotal Earnings: R$503.6bTotal Revenue: R$4.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Market Price to Earnings3Y Average 10.4x202420252026
Current Market PE
  • Investors are relatively neutral on the Brazilian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 10.4x.
Past Earnings Growth
  • The earnings for companies in the Brazilian industry have declined 2.4% per year over the last three years.
  • Revenues have also declined 3.3% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

Which sectors have driven the changes within the Brazilian Market?

BR Market-3.28%
Energy2.88%
Industrials-1.75%
Real Estate-2.32%
Telecom-2.85%
Consumer Discretionary-3.16%
Healthcare-3.16%
Materials-3.52%
Tech-3.99%
Financials-4.48%
Consumer Staples-4.75%
Utilities-6.24%
Sector PE
  • Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 50.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 22.8%, which is higher than its past year's earnings growth of 16.7% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 6.4x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 17% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 4.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
EMBJ3 EmbraerR$99.027.0%
+R$4.6b		28.1%PE30.3xIndustrials
SANB11 Banco Santander (Brasil)R$29.932.3%
+R$2.5b		11.1%PB0.9xFinancials
UGPA3 Ultrapar ParticipaçõesR$32.273.2%
+R$1.1b		83.5%PE9.5xConsumer Discretionary
PRIO3 PrioR$58.632.1%
+R$941.9m		51.1%PE12.1xEnergy
SIMH3 SIMPARR$6.16-12.5%
R$591.3m		-27.9%PS0.08xIndustrials
See more

Market Insights

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GMAT3
R$3.98
Grupo Mateus
7D
6.7%
1Y
-43.5%
UGPA3
R$32.27
Ultrapar Participações
7D
3.2%
1Y
83.5%
MBRF3
R$16.36
MBRF Global Foods
7D
1.8%
1Y
-30.0%
SIMH3
R$6.16
SIMPAR
7D
-12.5%
1Y
-27.9%
CMIN3
R$5.54
CSN Mineração
7D
1.7%
1Y
14.9%
SBSP3
R$23.79
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
7D
-11.5%
1Y
5.3%
RENT3
R$33.51
Localiza Rent a Car
7D
-11.4%
1Y
-2.1%
BBAS3
R$18.38
Banco do Brasil
7D
-8.4%
1Y
-11.0%
PRIO3
R$58.63
Prio
7D
2.1%
1Y
51.1%
EMBJ3
R$99.02
Embraer
7D
7.0%
1Y
28.1%
Analysis Article • Aug 13

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It's been a good week for Embraer S.A. ( BVMF:EMBJ3 ) shareholders, because the company has just released its latest...
AXIA3
R$49.83
AXIA Energia
7D
-6.1%
1Y
12.6%
Narrative Update • Aug 12

AXIA3: Preferred Share Redemption In 2026 Will Drive Future Upside Potential

Analysts have lifted the AXIA Energia price target from R$68.51 to about R$70.15, reflecting updated assumptions for fair value, discount rate, revenue, profit margins and future P/E estimates. What's in the News for AXIA Energia The Board of Directors approved the redemption of 37,237,014 Class C Preferred Shares (PNC) for BRL 2,000 million at BRL 53.71 per share, with an alternative for holders to convert PNC into common shares on a 1 to 1 basis in August 2026.
VALE3
R$71.30
Vale
7D
-4.9%
1Y
33.7%
BPAC11
R$51.00
Banco BTG Pactual
7D
-5.4%
1Y
14.7%
RADL3
R$17.53
Raia Drogasil
7D
-13.3%
1Y
2.4%
Narrative Update • Aug 08

RADL3: Higher Margin Outlook Will Support Bullish Long Term Repricing

Analysts lowered their price target for Raia Drogasil from R$32.00 to R$31.00, citing updated assumptions that now reflect slightly different discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News No recent news items for Raia Drogasil were identified in the provided sources as of 6 Aug 2026.
SANB11
R$29.93
Banco Santander (Brasil)
7D
2.3%
1Y
11.1%
Narrative Update • Aug 07

SANB11: Upcoming Governance Shakeup Will Support Bullish Long-Term Outlook

Analysts have adjusted their price target for Banco Santander (Brasil) to R$34.43 from R$35.67, reflecting updated assumptions for revenue growth, profit margins and an increased projected P/E multiple. What’s in the News for Banco Santander (Brasil) Banco Santander, S.A. proposed to acquire an additional 10.34% stake in Banco Santander (Brasil) S.A. for up to €1.9b through voluntary exchange tender offers, with new shares of Banco Santander, S.A. to be issued as consideration.
ABEV3
R$14.75
Ambev
7D
-4.7%
1Y
22.5%
Narrative Update • Aug 06

ABEV3: Tougher Post World Cup Comparisons Will Constrain Future Rerating Potential

Analysts have nudged their fair value estimate for Ambev slightly higher to R$13.00 from R$12.50, reflecting updated assumptions on revenue growth, profit margins and future P/E, while weighing recent mixed rating actions and cautious commentary on tougher comparisons ahead. Analyst Commentary Recent research on Ambev highlights a split view, with some bearish analysts turning more cautious even as others remain constructive.