Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Brazilian (BOVESPA) Market Analysis & Valuation

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies375
  • 7D0.4%
  • 3M-8.8%
  • 1Y11.4%
  • YTD2.1%

The market has stayed flat over the 7 days. Meanwhile, the market is actually up 11% over the past year. Earnings are forecast to grow by 13% annually.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Jun 2026R$5.0tR$4.0tR$433.1b9.2x11.4x1.2x
Fri, 22 May 2026R$5.1tR$4.0tR$432.2b9.7x11.9x1.3x
Sun, 19 Apr 2026R$5.6tR$4.0tR$435.6b11.2x13x1.4x
Tue, 17 Mar 2026R$5.2tR$4.0tR$447.4b9.7x11.7x1.3x
Thu, 12 Feb 2026R$5.5tR$4.2tR$409.6b10.3x13.4x1.3x
Sat, 10 Jan 2026R$4.9tR$4.2tR$401.8b9.6x12.1x1.2x
Mon, 08 Dec 2025R$4.8tR$4.2tR$401.7b9.5x12x1.1x
Wed, 05 Nov 2025R$4.6tR$4.2tR$432.6b9.6x10.7x1.1x
Fri, 03 Oct 2025R$4.4tR$4.1tR$431.8b8.7x10.3x1.1x
Sun, 31 Aug 2025R$4.4tR$4.2tR$436.8b8.8x10.2x1.1x
Tue, 29 Jul 2025R$4.2tR$4.2tR$406.4b8.7x10.3x1x
Thu, 26 Jun 2025R$4.4tR$4.2tR$406.0b9.5x10.7x1x
Sat, 24 May 2025R$4.5tR$4.8tR$418.4b9.5x10.9x1x
Mon, 21 Apr 2025R$4.3tR$4.7tR$401.5b8.6x10.7x0.9x
Wed, 19 Mar 2025R$4.3tR$4.6tR$404.8b8.5x10.7x0.9x
Fri, 14 Feb 2025R$4.2tR$4.6tR$470.5b8.3x8.9x0.9x
Sun, 12 Jan 2025R$4.0tR$4.1tR$457.2b7.9x8.8x1x
Tue, 10 Dec 2024R$4.4tR$4.6tR$482.3b8.6x9x1x
Thu, 07 Nov 2024R$4.4tR$4.4tR$432.4b9.4x10.3x1x
Sat, 05 Oct 2024R$4.6tR$4.4tR$428.8b9.7x10.6x1x
Mon, 02 Sep 2024R$4.7tR$4.4tR$427.0b10.3x11x1.1x
Wed, 31 Jul 2024R$4.4tR$4.4tR$458.8b9.7x9.6x1x
Fri, 28 Jun 2024R$4.3tR$4.3tR$446.7b9.5x9.6x1x
Sun, 26 May 2024R$4.3tR$4.3tR$444.5b10.2x9.8x1x
Tue, 23 Apr 2024R$4.5tR$4.3tR$460.0b10.1x9.7x1x
Thu, 21 Mar 2024R$4.6tR$4.3tR$452.3b10.5x10.1x1.1x
Sat, 17 Feb 2024R$4.6tR$4.3tR$466.1b10.4x9.8x1x
Mon, 15 Jan 2024R$4.7tR$4.3tR$466.9b11.6x10x1.1x
Wed, 13 Dec 2023R$4.5tR$4.4tR$468.0b11.1x9.6x1x
Fri, 10 Nov 2023R$4.3tR$4.5tR$487.3b10.7x8.8x1x
Sun, 08 Oct 2023R$4.2tR$4.5tR$504.4b10.6x8.3x0.9x
Tue, 05 Sep 2023R$4.3tR$4.5tR$505.7b11.3x8.5x1x
Thu, 03 Aug 2023R$4.5tR$4.6tR$533.1b12x8.5x1x
Sat, 01 Jul 2023R$4.4tR$4.6tR$553.6b11.6x8x1x
Price to Earnings Ratio

8x


Total Market Cap: R$4.4tTotal Earnings: R$553.6bTotal Revenue: R$4.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Market Price to Earnings3Y Average 10.3x202420252026
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 11.4x which is higher than its 3-year average PE of 10.3x.
Past Earnings Growth
  • The earnings for companies in the Brazilian industry have declined 7.9% per year over the last three years.
  • Revenues have also declined 4.6% 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 Market0.40%
Industrials2.20%
Consumer Discretionary1.51%
Energy1.39%
Financials1.07%
Healthcare0.90%
Telecom0.36%
Utilities0.34%
Real Estate-0.96%
Materials-1.75%
Consumer Staples-2.62%
Tech-2.95%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 51.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.0%, which is higher than its past year's earnings growth of 0.5% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 6.3x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 22% over the next 5 years.
  • However this is lower than its past earnings growth rate of 121% per year.
  • In contrast, the Energy industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
WEGE3 WEGR$45.255.7%
+R$10.2b		9.2%PE30.2xIndustrials
BPAC11 Banco BTG PactualR$52.213.0%
+R$7.3b		23.0%PE14.5xFinancials
SAUD3 BradsaúdeR$13.646.1%
+R$2.3b		17.6%PE70.6xHealthcare
CXSE3 Caixa Seguridade ParticipaçõesR$19.443.8%
+R$2.1b		36.8%PE13.3xFinancials
VBBR3 Vibra EnergiaR$29.405.3%
+R$1.8b		44.5%PE11.7xConsumer Discretionary
See more

Market Insights

Header cover image
Every trend sets off ripples. The further out you think, the less crowded it gets.
Continue reading
The gravity of the SpaceX IPO

Latest News

SAUD3
R$13.64
Bradsaúde
7D
6.1%
1Y
17.6%
RADL3
R$16.79
Raia Drogasil
7D
-5.0%
1Y
14.1%
Analysis Article • Jun 20

Is Now The Time To Put Raia Drogasil (BVMF:RADL3) On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
SUZB3
R$42.04
Suzano
7D
-2.1%
1Y
-18.9%
Narrative Update • Jun 19

SUZB3: Expanded Minerals Bylaws And Special Dividends Will Support Upside

The analyst price target for Suzano has been trimmed from R$67.08 to R$65.37 as analysts factor in slightly lower revenue growth, a modestly softer profit margin, and a small adjustment to the assumed future P/E multiple. What’s in the News for Suzano Suzano scheduled a board meeting for June 2, 2026, at 16:30 Coordinated Universal Time to address corporate matters, according to company disclosures.
VBBR3
R$29.40
Vibra Energia
7D
5.3%
1Y
44.5%
Narrative Update • Jun 18

VBBR3: Higher Fair Value And Fundamentals Will Support Bullish Re Rating

Analysts now see Vibra Energia's fair value at R$43.20, up from R$38.00, citing updated views on valuation and the company's fundamentals as key drivers of the higher price target. What’s in the News for Vibra Energia Analysts updated their fair value estimate for Vibra Energia to R$43.20, reflecting revised views on the company’s fundamentals and valuation approach.
WEGE3
R$45.25
WEG
7D
5.7%
1Y
9.2%
Narrative Update • Jun 18

WEGE3: Analyst Day Outlook Will Clarify Undervalued Earnings Power

Analysts have lowered their fair value estimate for WEG to R$52.74 from R$54.26, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What’s in the News for WEG WEG scheduled an Analyst and Investor Day, providing management with a forum to discuss the company’s business outlook, capital allocation priorities and long term positioning with institutional and retail investors.
CSAN3
R$3.65
Cosan
7D
11.6%
1Y
-48.7%
Narrative Update • Jun 17

CSAN3: Upcoming 2026 Meeting Will Support Future Stock Upside Potential

Cosan's updated fair value estimate has been trimmed to R$7.18 from R$7.48 as analysts factor in higher financial expenses, a modestly higher discount rate, and concerns around recent asset sales at relatively low prices. What's in the News Cosan has an upcoming Special and Extraordinary Shareholders Meeting scheduled for Apr 30, 2026, which may include votes on key corporate matters.
ABEV3
R$16.17
Ambev
7D
-1.6%
1Y
19.7%
Narrative Update • Jun 16

ABEV3: Profitability And Governance Changes Will Shape Fairly Balanced Outlook

Analysts have lifted the implied fair value for Ambev from about R$15.37 to roughly R$16.14, reflecting updated views on revenue growth, profit margins, and future P/E following recent price target increases from several firms. Analyst Commentary Recent research coverage on Ambev shows a mix of optimism and caution, with different firms updating both ratings and price targets in local and U.S. dollar terms.
PSSA3
R$53.24
Porto Seguro
7D
5.3%
1Y
-1.4%
Narrative Update • Jun 11

PSSA3: Index Removal Will Coincide With Softer Revenue Outlook And Firmer P/E Expectations

Analysts have raised their price target on Porto Seguro from R$46.00 to approximately R$47.87, citing updated assumptions that include a slightly higher discount rate, a steeper revenue decline, and a small improvement in profit margin and future P/E expectations. What's in the News Porto Seguro S.A. was removed from the Brazil IBRX 50 Index, according to recent index constituent changes (source: Key Developments).
BPAC11
R$52.21
Banco BTG Pactual
7D
3.0%
1Y
23.0%
Narrative Update • Jun 10

BPAC11: Refined Discount Rate Assumptions Will Support Future Upside Potential

Analysts have nudged their price target for Banco BTG Pactual slightly lower to R$65.92 from R$66.31, reflecting updated assumptions that combine a modestly adjusted discount rate with small tweaks to long term revenue growth, profit margin outlook and future P/E expectations. What's in the News No recent news stories, periodical coverage or key developments were provided for Banco BTG Pactual, so there are currently no specific events to highlight for you.
B3SA3
R$14.70
B3 - Brasil Bolsa Balcão
7D
-2.3%
1Y
8.7%
Narrative Update • Jun 09

B3SA3: New Settlement Platform And Governance Actions Will Support Forward Upside

Analysts have nudged their price target for B3 slightly higher to R$20.11 from R$20.04. This reflects small adjustments to revenue growth, profit margin assumptions and the future P/E outlook.
EMBJ3
R$78.34
Embraer
7D
2.7%
1Y
7.0%
Narrative Update • Jun 09

EMBJ3: Backlog Visibility And Cash Generation Will Support Future Rerating

Analysts have trimmed Embraer's fair value estimate to R$100.12 from R$106.74 as they reset assumptions around discount rate, revenue growth, profit margin, and future P/E, while still highlighting the company's diversified aerospace exposure, sizable R$33.4b backlog, and valuation gap versus larger peers in recent research. Analyst Commentary Recent research shows that bullish analysts see room for upside in Embraer, even after fair value estimates have been trimmed.
VALE3
R$80.91
Vale
7D
-0.7%
1Y
60.1%
Narrative Update • Jun 08

VALE3: Copper And Base Metals Execution Will Drive Future Upside Potential

Analysts have nudged the updated fair value for Vale slightly lower while raising their overall price targets in the R$18 to R$19.50 range, citing refreshed models that now factor in copper growth and other revisions to company assumptions. Analyst Commentary Recent research points to a cluster of higher price targets for Vale, with several bullish analysts updating their models and narrowing in on the R$18 to R$19.50 range.
CXSE3
R$19.44
Caixa Seguridade Participações
7D
3.8%
1Y
36.8%
Narrative Update • Jun 04

CXSE3: Future Upside Will Depend On Revenue Expansion And P E Support

Analysts have nudged their price target for Caixa Seguridade Participações slightly lower to about R$19.41 from around R$19.44, citing updated assumptions for revenue growth, profit margins and the future P/E multiple. What's in the News No recent company specific news, periodical coverage or key developments were provided in the sources above, so current publicly reported catalysts for Caixa Seguridade Participações cannot be summarized here.
CBEE3
R$10.15
Ampla Energia e Serviços
7D
-21.6%
1Y
9.7%
ANCR11
R$348.50
Fundo de Investimento Imobiliário - FII Ancar IC
7D
-15.1%
1Y
58.4%
NATU3
R$7.67
Natura Cosméticos
7D
-10.6%
1Y
-27.0%