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Brazilian (BOVESPA) Market Analysis & Valuation

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies372
  • 7D3.4%
  • 3M13.8%
  • 1Y31.5%
  • YTD13.6%

Over the last 7 days, the market has risen 3.4%, driven by gains of 5.0% in the Financials sector. In the last year, the market has climbed 31%. Looking forward, earnings are forecast to grow by 12% annually.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026R$5.5tR$4.0tR$436.2b10.6x12.5x1.4x
Tue, 03 Mar 2026R$5.5tR$4.0tR$399.0b10.1x13.9x1.4x
Thu, 29 Jan 2026R$5.4tR$4.2tR$398.3b10.4x13.5x1.3x
Sat, 27 Dec 2025R$4.8tR$4.2tR$401.6b9.8x12x1.1x
Mon, 24 Nov 2025R$4.8tR$4.2tR$412.4b9.3x11.5x1.1x
Wed, 22 Oct 2025R$4.4tR$4.2tR$432.2b8.9x10.3x1.1x
Fri, 19 Sep 2025R$4.6tR$4.2tR$435.2b9.1x10.5x1.1x
Sun, 17 Aug 2025R$4.3tR$4.2tR$443.7b8.6x9.7x1x
Tue, 15 Jul 2025R$4.3tR$4.2tR$405.6b8.9x10.5x1x
Thu, 12 Jun 2025R$4.4tR$4.2tR$405.7b9.4x10.9x1x
Sat, 10 May 2025R$4.5tR$4.7tR$414.8b9.1x10.8x1x
Mon, 07 Apr 2025R$4.2tR$4.7tR$407.0b8.2x10.4x0.9x
Wed, 05 Mar 2025R$4.1tR$4.6tR$410.5b8.1x10x0.9x
Fri, 31 Jan 2025R$4.2tR$4.6tR$475.2b8.6x8.8x0.9x
Sun, 29 Dec 2024R$4.1tR$4.6tR$480.9b8.3x8.5x0.9x
Tue, 26 Nov 2024R$4.4tR$4.6tR$481.6b9.3x9.2x1x
Thu, 24 Oct 2024R$4.5tR$4.4tR$428.2b9.8x10.5x1x
Sat, 21 Sep 2024R$4.5tR$4.4tR$427.9b10x10.6x1x
Mon, 19 Aug 2024R$4.7tR$4.4tR$425.2b10.3x10.9x1x
Wed, 17 Jul 2024R$4.5tR$4.3tR$446.4b10.1x10x1x
Fri, 14 Jun 2024R$4.2tR$4.4tR$447.0b9.7x9.4x1x
Sun, 12 May 2024R$4.5tR$4.4tR$430.5b10.1x10.4x1x
Tue, 09 Apr 2024R$4.6tR$4.3tR$459.5b10.5x10x1.1x
Thu, 07 Mar 2024R$4.6tR$4.3tR$459.5b10.3x10x1.1x
Sat, 03 Feb 2024R$4.5tR$4.3tR$467.8b11.1x9.7x1x
Mon, 01 Jan 2024R$4.8tR$4.4tR$466.9b11.9x10.2x1.1x
Wed, 29 Nov 2023R$4.5tR$4.4tR$468.0b10.8x9.5x1x
Fri, 27 Oct 2023R$4.1tR$4.5tR$504.2b10.5x8.1x0.9x
Sun, 24 Sep 2023R$4.2tR$4.5tR$504.4b10.9x8.4x0.9x
Tue, 22 Aug 2023R$4.3tR$4.5tR$504.1b10.8x8.5x0.9x
Thu, 20 Jul 2023R$4.4tR$4.6tR$553.3b11.7x7.9x1x
Sat, 17 Jun 2023R$4.4tR$4.6tR$552.9b11.7x8x1x
Mon, 15 May 2023R$4.1tR$4.6tR$553.5b10.4x7.4x0.9x
Wed, 12 Apr 2023R$4.0tR$4.6tR$595.1b9.8x6.8x0.9x
Price to Earnings Ratio

6.8x


Total Market Cap: R$4.0tTotal Earnings: R$595.1bTotal Revenue: R$4.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Market Price to Earnings3Y Average 9.9x202420252026
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 12.5x which is higher than its 3-year average PE of 9.9x.
Past Earnings Growth
  • The earnings for companies in the Brazilian industry have declined 9.8% 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 Market3.43%
Industrials6.01%
Healthcare5.17%
Financials4.95%
Materials4.83%
Real Estate4.14%
Utilities4.07%
Consumer Discretionary3.44%
Tech3.06%
Telecom2.98%
Consumer Staples1.85%
Energy-2.57%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 21.8x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 23.1%, which is higher than its past year's earnings growth of 18.8% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 6.1x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 6.5% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 2.7% 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
VALE3 ValeR$83.555.8%
+R$19.4b		58.6%PE25.8xMaterials
BPAC11 Banco BTG PactualR$57.277.0%
+R$18.0b		73.4%PE17.3xFinancials
WEGE3 WEGR$50.316.1%
+R$12.2b		15.1%PE33.1xIndustrials
ABEV3 AmbevR$15.283.5%
+R$8.1b		11.5%PE15.4xConsumer Staples
SANB11 Banco Santander (Brasil)R$31.236.6%
+R$7.2b		17.3%PB0.9xFinancials
See more

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PRIO3
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7D
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PRIO3: Future Returns Will Depend On Resilience To Sectorwide Multiple Compression

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PGMN3
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7D
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PGMN3: Future Performance Will Reflect Follow On Offer And Higher P E Multiple

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ABEV3
R$15.28
Ambev
7D
3.5%
1Y
11.5%
B3SA3
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B3 - Brasil Bolsa Balcão
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WEGE3
R$50.31
WEG
7D
6.1%
1Y
15.1%

WEGE3: Future Earnings Power To Be Tested After Neutral Downgrade

Analysts now see fair value for WEG at about R$54.26, up from roughly R$53.17. This reflects slightly softer revenue growth assumptions, a modestly higher long term profit margin, and a neutral stance following recent price target cuts tied to the Q4 miss and revised guidance.
SANB11
R$31.23
Banco Santander (Brasil)
7D
6.6%
1Y
17.3%
MBRF3
R$20.79
MBRF Global Foods
7D
-4.8%
1Y
12.1%
BPAC11
R$57.27
Banco BTG Pactual
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7.0%
1Y
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EQPA3
R$6.79
Equatorial Pará Distribuidora de Energia
7D
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RDOR3
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Rede D'Or São Luiz
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5.5%
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REDE3
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Rede Energia Participações
7D
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1Y
-6.5%
VALE3
R$83.55
Vale
7D
5.8%
1Y
58.6%

VALE3: Base Metals And Copper Mix Will Drive Future Returns

Narrative Update on Vale The analyst price target for Vale edges slightly lower in the model, reflecting a marginal trim to fair value to R$88.67. Analysts see the shares more fully reflecting iron ore and base metals assumptions after a series of target increases and recent rating downgrades that emphasize valuation and oversupply risks.
AZUL53
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Azul
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