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Brazilian (BOVESPA) Market Analysis & Valuation

UpdatedJul 10, 2026
DataAggregated Company Financials
Companies374
  • 7D-0.6%
  • 3M-12.8%
  • 1Y14.4%
  • YTD3.4%

Over the last 7 days, the market has remained flat, although notably the Materials sector declined by 3.6%. As for the longer term, the market has risen 14% in the past 12 months. Looking forward, 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
Fri, 10 Jul 2026R$5.0tR$4.0tR$433.2b9.2x11.6x1.3x
Sun, 07 Jun 2026R$4.9tR$4.0tR$432.9b9.2x11.4x1.2x
Tue, 05 May 2026R$5.3tR$4.0tR$436.3b10.3x12.2x1.3x
Thu, 02 Apr 2026R$5.5tR$4.0tR$436.1b10.8x12.6x1.4x
Sat, 28 Feb 2026R$5.6tR$4.0tR$399.0b10.1x14x1.4x
Mon, 26 Jan 2026R$5.3tR$4.2tR$398.8b10.1x13.3x1.3x
Wed, 24 Dec 2025R$4.7tR$4.2tR$401.6b9.7x11.8x1.1x
Fri, 21 Nov 2025R$4.8tR$4.2tR$412.2b9.4x11.5x1.1x
Sun, 19 Oct 2025R$4.4tR$4.2tR$432.5b8.9x10.2x1.1x
Tue, 16 Sep 2025R$4.5tR$4.2tR$435.2b9x10.4x1.1x
Thu, 14 Aug 2025R$4.3tR$4.2tR$449.1b8.8x9.6x1x
Sat, 12 Jul 2025R$4.3tR$4.2tR$404.6b9.1x10.7x1x
Mon, 09 Jun 2025R$4.5tR$4.7tR$416.6b9.3x10.7x1x
Wed, 07 May 2025R$4.4tR$4.7tR$403.4b8.8x10.9x0.9x
Fri, 04 Apr 2025R$4.3tR$4.7tR$406.8b8.5x10.7x0.9x
Sun, 02 Mar 2025R$4.1tR$4.6tR$408.3b8.4x10.1x0.9x
Tue, 28 Jan 2025R$4.1tR$4.6tR$475.2b8.5x8.7x0.9x
Thu, 26 Dec 2024R$4.1tR$4.6tR$481.2b8.3x8.6x0.9x
Sat, 23 Nov 2024R$4.4tR$4.6tR$479.8b9.3x9.1x1x
Mon, 21 Oct 2024R$4.5tR$4.4tR$428.9b9.7x10.5x1x
Wed, 18 Sep 2024R$4.7tR$4.4tR$427.1b10.1x10.9x1.1x
Fri, 16 Aug 2024R$4.7tR$4.4tR$422.7b10.4x11.1x1.1x
Sun, 14 Jul 2024R$4.5tR$4.3tR$446.4b10x10x1x
Tue, 11 Jun 2024R$4.3tR$4.4tR$447.0b9.8x9.5x1x
Thu, 09 May 2024R$4.6tR$4.4tR$460.9b10.2x9.9x1x
Sat, 06 Apr 2024R$4.5tR$4.3tR$458.9b10.4x9.9x1x
Mon, 04 Mar 2024R$4.6tR$4.3tR$456.6b10.4x10.1x1.1x
Wed, 31 Jan 2024R$4.6tR$4.3tR$466.8b11.2x9.8x1.1x
Fri, 29 Dec 2023R$4.8tR$4.4tR$467.0b11.7x10.2x1.1x
Sun, 26 Nov 2023R$4.4tR$4.4tR$468.4b10.7x9.5x1x
Tue, 24 Oct 2023R$4.1tR$4.5tR$504.1b10.6x8.2x0.9x
Thu, 21 Sep 2023R$4.3tR$4.5tR$504.8b11.2x8.6x1x
Sat, 19 Aug 2023R$4.3tR$4.5tR$504.0b10.7x8.5x0.9x
Mon, 17 Jul 2023R$4.4tR$4.6tR$552.8b11.6x7.9x1x
Price to Earnings Ratio

7.9x


Total Market Cap: R$4.4tTotal Earnings: R$552.8bTotal 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 11.6x 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 7.8% 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 Market-0.64%
Energy2.74%
Consumer Discretionary0.22%
Financials-0.22%
Utilities-0.58%
Healthcare-0.67%
Telecom-1.14%
Real Estate-1.25%
Industrials-1.78%
Tech-1.83%
Consumer Staples-2.21%
Materials-3.58%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 51.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 28.9%, 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 Healthcare sector, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings growth rate of 0.5% 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
CXSE3 Caixa Seguridade ParticipaçõesR$21.595.2%
+R$3.2b		49.9%PE14.7xFinancials
CMIN3 CSN MineraçãoR$4.8312.1%
+R$2.8b		-6.2%PE11.8xMaterials
UGPA3 Ultrapar ParticipaçõesR$30.109.3%
+R$2.7b		76.0%PE10xConsumer Discretionary
PRIO3 PrioR$55.615.0%
+R$2.1b		30.2%PE17.3xEnergy
VBBR3 Vibra EnergiaR$32.105.7%
+R$2.1b		58.2%PE12.7xConsumer Discretionary
See more

Market Insights

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Latest News

CMIN3
R$4.83
CSN Mineração
7D
12.1%
1Y
-6.2%
VALE3
R$73.15
Vale
7D
-7.2%
1Y
30.6%
VBBR3
R$32.10
Vibra Energia
7D
5.7%
1Y
58.2%
RENT3
R$39.40
Localiza Rent a Car
7D
-4.9%
1Y
7.5%
Narrative Update • Jul 08

RENT3: Index Removal And Updated Cash Flow Assumptions Will Support Bullish Re-Rating Narrative

The analyst consensus price target for Localiza Rent a Car has shifted from R$50.00 to R$46.10, with analysts pointing to updated assumptions for discount rate, revenue growth, profit margin, and future P/E following recent Street research. What's in the News Localiza Rent a Car S.A. has been removed as an index constituent, according to recent key developments.
SAUD3
R$15.18
Bradsaúde
7D
3.8%
1Y
31.0%
Narrative Update • Jul 08

SAUD3: Index Inclusion Will Support Higher Future Earnings Multiple

Analysts have revised their price target on Bradsaúde from R$18.00 to R$19.00, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What’s in the News for Bradsaúde Bradsaúde scheduled a board meeting for May 4, 2026, at 12:00 Coordinated Universal Time to consider approval of Odontoprev S.A.'s first quarter 2026 results.
PRIO3
R$55.61
Prio
7D
5.0%
1Y
30.2%
Narrative Update • Jul 07

PRIO3: Future Returns Will Hinge On Delivering Against Elevated Sector Assumptions

Analysts have lifted Prio's fair value estimate from R$51.00 to about R$54.59, reflecting updated assumptions around discount rate, revenue growth, margins and future P/E that align with the more constructive tone seen in recent sector price target revisions. Analyst Commentary While the higher fair value estimate signals a somewhat more constructive stance on Prio, not every part of the market is universally positive.
RDOR3
R$35.15
Rede D'Or São Luiz
7D
-1.7%
1Y
5.6%
UGPA3
R$30.10
Ultrapar Participações
7D
9.3%
1Y
76.0%
SANB11
R$26.25
Banco Santander (Brasil)
7D
-2.6%
1Y
-5.4%
AXIA3
R$51.63
AXIA Energia
7D
-4.3%
1Y
31.3%
MBRF3
R$15.41
MBRF Global Foods
7D
-8.2%
1Y
-33.0%
Narrative Update • Jul 01

MBRF3: Index Inclusion Will Support Future Returns Despite Margin Reset

Analysts have reduced their price target for MBRF Global Foods to R$23.57 from R$24.65, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What’s in the News for MBRF Global Foods MBRF Global Foods was added to the Brazil Valor BM&FBOVESPA Index, according to recent index constituent updates (Source: Key Developments).
BBSE3
R$39.28
BB Seguridade Participações
7D
1.6%
1Y
11.5%
RADL3
R$18.13
Raia Drogasil
7D
6.2%
1Y
34.3%
Narrative Update • Jun 27

RADL3: Future Returns Will Depend On Margins And P/E Expectations

Analysts have lowered their Raia Drogasil price target from R$28.05 to R$26.52, reflecting updated assumptions for revenue growth, profit margins and forward P/E levels. What’s in the News for Raia Drogasil No recent company specific news for Raia Drogasil has been identified in the available primary sources.
CXSE3
R$21.59
Caixa Seguridade Participações
7D
5.2%
1Y
49.9%
Narrative Update • Jun 24

CXSE3: Future Returns Will Rely On Revenue Momentum And P E Support

Analysts have nudged their fair value estimate for Caixa Seguridade Participações slightly higher to about R$19.59, reflecting updated assumptions around revenue growth, profit margin and future P/E multiples. What’s in the News for Caixa Seguridade Participações No recent news items for Caixa Seguridade Participações were identified in the provided sources.
WEGE3
R$45.74
WEG
7D
-1.6%
1Y
15.1%
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.
ABEV3
R$15.72
Ambev
7D
-3.5%
1Y
18.2%
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.