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Brazilian (BOVESPA) Market Analysis & Valuation

UpdatedJan 20, 2026
DataAggregated Company Financials
Companies377
  • 7D0.4%
  • 3M8.9%
  • 1Y19.9%
  • YTD1.8%

The Energy sector gained 5.6% while the market remained flat over the last week. Meanwhile, the market is actually up 20% 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
Tue, 20 Jan 2026R$4.9tR$4.2tR$398.7b9.3x12.3x1.2x
Thu, 18 Dec 2025R$4.8tR$4.2tR$401.6b9.4x12x1.1x
Sat, 15 Nov 2025R$4.8tR$4.2tR$419.7b9.6x11.5x1.1x
Mon, 13 Oct 2025R$4.3tR$4.2tR$434.5b8.7x10x1x
Wed, 10 Sep 2025R$4.5tR$4.2tR$436.7b8.9x10.2x1.1x
Fri, 08 Aug 2025R$4.3tR$4.2tR$415.7b8.9x10.4x1x
Sun, 06 Jul 2025R$4.5tR$4.2tR$406.1b9.6x11.1x1.1x
Tue, 03 Jun 2025R$4.5tR$4.8tR$418.5b9.4x10.8x0.9x
Thu, 01 May 2025R$4.5tR$4.7tR$402.2b8.9x11.1x1x
Sat, 29 Mar 2025R$4.4tR$4.7tR$406.6b8.3x10.7x0.9x
Mon, 24 Feb 2025R$4.3tR$4.6tR$473.4b8.3x9x0.9x
Wed, 22 Jan 2025R$4.1tR$4.6tR$481.0b8.3x8.6x0.9x
Fri, 20 Dec 2024R$4.1tR$4.6tR$481.2b8.3x8.6x0.9x
Sun, 17 Nov 2024R$4.4tR$4.6tR$476.0b9.2x9.2x1x
Tue, 15 Oct 2024R$4.5tR$4.4tR$428.9b9.5x10.5x1x
Thu, 12 Sep 2024R$4.7tR$4.4tR$427.0b10.2x10.9x1.1x
Sat, 10 Aug 2024R$4.5tR$4.4tR$455.5b10x10x1x
Mon, 08 Jul 2024R$4.4tR$4.3tR$446.5b10x9.8x1x
Wed, 05 Jun 2024R$4.3tR$4.4tR$445.5b10x9.6x1x
Fri, 03 May 2024R$4.5tR$4.3tR$456.4b10.2x9.9x1x
Sun, 31 Mar 2024R$4.6tR$4.4tR$459.8b10.4x10x1.1x
Tue, 27 Feb 2024R$4.6tR$4.4tR$458.1b10.3x10.1x1.1x
Thu, 25 Jan 2024R$4.6tR$4.3tR$466.8b11.4x9.8x1.1x
Sat, 23 Dec 2023R$4.7tR$4.4tR$467.0b11.9x10.1x1.1x
Mon, 20 Nov 2023R$4.5tR$4.4tR$467.3b10.6x9.6x1x
Wed, 18 Oct 2023R$4.2tR$4.5tR$504.1b10.5x8.4x0.9x
Fri, 15 Sep 2023R$4.4tR$4.5tR$505.2b11.4x8.7x1x
Sun, 13 Aug 2023R$4.4tR$4.6tR$512.0b11.7x8.6x1x
Tue, 11 Jul 2023R$4.4tR$4.6tR$552.8b11.7x8x1x
Thu, 08 Jun 2023R$4.3tR$4.6tR$554.4b11.8x7.8x0.9x
Sat, 06 May 2023R$4.0tR$4.6tR$571.4b10.2x7x0.9x
Mon, 03 Apr 2023R$3.9tR$4.6tR$595.5b9.9x6.5x0.8x
Wed, 01 Mar 2023R$4.0tR$4.6tR$608.9b9.4x6.6x0.9x
Fri, 27 Jan 2023R$4.3tR$4.5tR$628.4b10x6.8x0.9x
Price to Earnings Ratio

6.8x


Total Market Cap: R$4.3tTotal Earnings: R$628.4bTotal Revenue: R$4.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Market Price to Earnings3Y Average 9.5x202420252026
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 12.3x which is higher than its 3-year average PE of 9.5x.
Past Earnings Growth
  • The earnings for companies in the Brazilian industry have declined 14% per year over the last three years.
  • Revenues have also declined 2.6% 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 Market0.41%
Energy5.64%
Materials2.98%
Consumer Staples0.97%
Financials0.44%
Real Estate-0.16%
Telecom-0.43%
Utilities-1.39%
Industrials-1.79%
Tech-1.91%
Consumer Discretionary-2.68%
Healthcare-2.85%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 49.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 25.8%, which is higher than its past year's earnings growth of 7.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 26% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Real Estate 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
VALE3 ValeR$78.575.1%
+R$16.3b		44.7%PE11.1xMaterials
BPAC11 Banco BTG PactualR$54.821.4%
+R$3.6b		81.4%PE17.8xFinancials
B3SA3 B3 - Brasil Bolsa BalcãoR$15.104.2%
+R$3.1b		46.3%PE16xFinancials
ABEV3 AmbevR$14.091.4%
+R$3.0b		27.5%PE13.7xConsumer Staples
RADL3 Raia DrogasilR$24.603.7%
+R$1.5b		17.0%PE32.1xConsumer Staples
See more

Market Insights

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TIM
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VIVT3
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GARE11
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Guardian Logistica Fundo De Investimento Imobiliario
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BPAC11
R$54.82
Banco BTG Pactual
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BPAC11: Slightly Lower Discount Rate Will Support Stable Fair Value Outlook

Analysts have adjusted their price target for Banco BTG Pactual to R$59.50 from about R$59.55, reflecting slightly updated assumptions on discount rate, revenue growth, profit margin and future P/E, without a major shift in their overall view. What's in the News Banco BTG Pactual has scheduled a Special and Extraordinary Shareholders Meeting for December 9, 2025.
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RENT3
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Localiza Rent a Car
7D
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1Y
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B3SA3
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B3 - Brasil Bolsa Balcão
7D
4.2%
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WEGE3
R$46.22
WEG
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BBAS3
R$21.31
Banco do Brasil
7D
-2.6%
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SBSP3
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Companhia de Saneamento Básico do Estado de São Paulo - SABESP
7D
-2.6%
1Y
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