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Brazilian (BOVESPA) Market Analysis & Valuation

UpdatedJul 24, 2025
DataAggregated Company Financials
Companies340
  • 7D-0.7%
  • 3M-1.3%
  • 1Y-0.05%
  • YTD8.3%

In the last week, the market has stayed flat, however the Materials sector stood out, gaining 4.5%. As for the longer term, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 13% 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
Fri, 25 Jul 2025R$4.3tR$4.2tR$405.4b8.8x10.6x1x
Sun, 22 Jun 2025R$4.4tR$4.2tR$406.5b9.2x10.8x1x
Tue, 20 May 2025R$4.6tR$4.8tR$419.6b9.4x10.9x1x
Thu, 17 Apr 2025R$4.3tR$4.7tR$401.5b8.5x10.7x0.9x
Sat, 15 Mar 2025R$4.3tR$4.6tR$419.7b8.3x10.2x0.9x
Mon, 10 Feb 2025R$4.2tR$4.6tR$481.3b8.2x8.7x0.9x
Wed, 08 Jan 2025R$4.1tR$4.6tR$481.0b8.1x8.4x0.9x
Fri, 06 Dec 2024R$4.3tR$4.6tR$482.5b8.8x9x1x
Sun, 03 Nov 2024R$4.4tR$4.4tR$432.4b9.2x10.1x1x
Tue, 01 Oct 2024R$4.6tR$4.4tR$428.8b9.7x10.6x1x
Thu, 29 Aug 2024R$4.7tR$4.4tR$427.6b10.4x11x1.1x
Sat, 27 Jul 2024R$4.4tR$4.4tR$459.1b9.9x9.7x1x
Mon, 24 Jun 2024R$4.2tR$4.3tR$446.7b9.4x9.5x1x
Wed, 22 May 2024R$4.5tR$4.4tR$445.0b10.4x10x1x
Fri, 19 Apr 2024R$4.4tR$4.3tR$460.5b10.1x9.6x1x
Sun, 17 Mar 2024R$4.5tR$4.3tR$451.8b10.3x10x1x
Tue, 13 Feb 2024R$4.6tR$4.3tR$470.4b10.1x9.7x1.1x
Thu, 11 Jan 2024R$4.7tR$4.3tR$467.3b11.4x10x1.1x
Sat, 09 Dec 2023R$4.5tR$4.4tR$467.7b11.1x9.6x1x
Mon, 06 Nov 2023R$4.3tR$4.5tR$489.1b10.7x8.7x0.9x
Wed, 04 Oct 2023R$4.2tR$4.5tR$504.4b10.7x8.3x0.9x
Fri, 01 Sep 2023R$4.3tR$4.5tR$505.4b11x8.6x1x
Sun, 30 Jul 2023R$4.5tR$4.6tR$548.8b11.9x8.2x1x
Tue, 27 Jun 2023R$4.4tR$4.6tR$554.1b11.6x8x1x
Thu, 25 May 2023R$4.1tR$4.6tR$554.3b10.4x7.5x0.9x
Sat, 22 Apr 2023R$4.0tR$4.6tR$595.4b9.7x6.7x0.9x
Mon, 20 Mar 2023R$3.8tR$4.5tR$609.1b9.3x6.3x0.9x
Wed, 15 Feb 2023R$4.1tR$4.5tR$620.4b9.5x6.6x0.9x
Fri, 13 Jan 2023R$4.2tR$4.5tR$628.3b9.7x6.7x0.9x
Sun, 11 Dec 2022R$4.1tR$4.6tR$628.5b9x6.6x0.9x
Tue, 08 Nov 2022R$4.7tR$4.5tR$645.4b9.7x7.2x1x
Thu, 06 Oct 2022R$4.6tR$4.4tR$635.3b9.8x7.3x1.1x
Sat, 03 Sep 2022R$4.5tR$4.4tR$635.4b9.7x7.1x1x
Mon, 01 Aug 2022R$4.3tR$4.3tR$656.1b8.3x6.5x1x
Price to Earnings Ratio

6.5x


Total Market Cap: R$4.3tTotal Earnings: R$656.1bTotal Revenue: R$4.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Market Price to Earnings3Y Average 8.8x202320242025
Current Market PE
  • Investors are optimistic on the Brazilian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 10.6x which is higher than its 3-year average PE of 8.8x.
Past Earnings Growth
  • The earnings for Brazilian listed companies have declined 15% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Brazilian Market?

BR Market-0.72%
Materials4.50%
Energy1.20%
Tech0.67%
Consumer Staples0.61%
Utilities0.47%
Healthcare-1.27%
Real Estate-1.64%
Financials-1.97%
Telecom-2.40%
Consumer Discretionary-2.71%
Industrials-5.19%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 45.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 29.6%, which is higher than its past year's earnings growth of 26.0% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 8.3x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 30% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Real Estate sector is expected to see its earnings decline by 2.6% 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
VALE3 ValeR$57.425.7%
+R$13.3b
-5.2%PE7.8xMaterials
ABEV3 AmbevR$13.591.0%
+R$2.0b
14.7%PE14.7xConsumer Staples
BRFS3 BRFR$21.755.6%
+R$1.9b
3.3%PE9.1xConsumer Staples
CBEE3 Ampla Energia e ServiçosR$14.8348.2%
+R$1.8b
49.8%PE8.1xUtilities
SUZB3 SuzanoR$51.752.5%
+R$1.5b
-1.4%PS1.3xMaterials
See more

Market Insights

The tide is turning for UK & European markets. Index ETFs won’t cut it since sector spreads are massive. Picking the right companies matters now more than ever.

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