Undervalued Stocks in Brazil (October 2026)

ATLAS compares every company's price with its estimated fair value. Of 141 listed companies in Brazil, 38 trade between 10% and 70% below that estimate, with medium or high confidence in it and positive earnings. The median gap among them is 30% below fair value. Here are the 25 with the widest gap.

Data as of Oct 27, 2026. Prices and ratios are the latest stored close; this page refreshes at least every 6 hours.

#CompanyPriceBelow fair valueP/EConfidenceChance up (1 month)
1ASAI3.SASendas DistribuidoraR$7.8752%19.4medium48%
2MATD3.SAHospital Mater DeiR$4.7051%14.5medium47%
3LEVE3.SAMAHLE Metal LeveR$32.0051%7.8medium50%
4MDNE3.SAMoura Dubeux EngenhariaR$19.0446%5.2medium44%
5CYRE3.SACyrela Brazil Realty S.A. Empreendimentos e ParticipaçõesR$19.6345%8.0medium48%
6LREN3.SALojas RennerR$9.6845%9.9medium45%
7GGPS3.SAGPS Participações e EmpreendimentosR$12.0543%12.8medium46%
8FLRY3.SAFleuryR$22.1043%25.0medium48%
9FIQE3.SAUnifique TelecomunicaçõesR$4.9943%10.2medium48%
10MDIA3.SAM. Dias Branco S.A. Indústria e Comércio de AlimentosR$16.3342%9.9medium49%
11VBBR3.SAVibra EnergiaR$32.2139%8.5medium50%
12PLPL3.SAPlano & Plano Desenvolvimento ImobiliárioR$5.2838%5.3medium44%
13RANI3.SAIrani Papel e EmbalagemR$7.3836%14.3medium51%
14PGMN3.SAEmpreendimentos Pague MenosR$2.8136%11.2medium47%
15VULC3.SAVulcabras AzaleiaR$12.5834%5.2high48%
16SLCE3.SASLC AgrícolaR$17.4533%22.2medium51%
17PNVL3.SADimed S.A. Distribuidora de MedicamentosR$10.7232%17.3high46%
18BMOB3.SABemobi Mobile TechR$25.0431%18.1medium47%
19ALUP11.SAAlupar InvestimentoR$32.0530%9.2high49%
20BBSE3.SABB Seguridade ParticipacoesR$43.1430%9.0medium52%
21INTB3.SAIntelbrasR$13.3130%11.4medium45%
22JHSF3.SAJHSF ParticipaçõesR$10.6929%4.6medium47%
23PSSA3.SAPorto SeguroR$48.1826%9.3medium52%
24CPFE3.SACPFL EnergiaR$42.7023%9.6high50%
25B3SA3.SAB3R$15.0723%24.2medium45%

Fair value gap: a negative number means the price is below ATLAS fair value. "Chance up" is the probability of a higher close in 21 trading sessions (about a month) in ATLAS's calibrated model.

Get started · Plans from €3.99 a month. →

The top 10 in a sentence

  • Sendas Distribuidora (ASAI3.SA) trades 52% below ATLAS fair value, at a P/E of 19.4. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 48% chance of closing higher in a month.
  • Hospital Mater Dei (MATD3.SA) trades 51% below ATLAS fair value, at a P/E of 14.5. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 47% chance of closing higher in a month.
  • MAHLE Metal Leve (LEVE3.SA) trades 51% below ATLAS fair value, at a P/E of 7.8. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 50% chance of closing higher in a month.
  • Moura Dubeux Engenharia (MDNE3.SA) trades 46% below ATLAS fair value, at a P/E of 5.2. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 44% chance of closing higher in a month.
  • Cyrela Brazil Realty S.A. Empreendimentos e Participações (CYRE3.SA) trades 45% below ATLAS fair value, at a P/E of 8.0. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 48% chance of closing higher in a month.
  • Lojas Renner (LREN3.SA) trades 45% below ATLAS fair value, at a P/E of 9.9. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 45% chance of closing higher in a month.
  • GPS Participações e Empreendimentos (GGPS3.SA) trades 43% below ATLAS fair value, at a P/E of 12.8. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 46% chance of closing higher in a month.
  • Fleury (FLRY3.SA) trades 43% below ATLAS fair value, at a P/E of 25.0. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 48% chance of closing higher in a month.
  • Unifique Telecomunicações (FIQE3.SA) trades 43% below ATLAS fair value, at a P/E of 10.2. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 48% chance of closing higher in a month.
  • M. Dias Branco S.A. Indústria e Comércio de Alimentos (MDIA3.SA) trades 42% below ATLAS fair value, at a P/E of 9.9. ATLAS rates its confidence in that estimate as medium. ATLAS gives it a 49% chance of closing higher in a month.

How ATLAS finds undervalued stocks in Brazil

Fair value is ATLAS estimate of what a share is worth given the company's cash flows and the multiples of comparable companies, refreshed every night. The gap is price divided by fair value, minus 1. We keep gaps between 10% and 70% below fair value: deeper gaps usually signal bad inputs or a business in trouble rather than a bargain.

Only estimates with medium or high confidence count. The company must also have positive earnings (positive P/E or margin), a market value above USD 300 million and enough trading volume. The list is sorted by the size of the gap.

Limits: a share can stay below its estimated value for years, and the model can be wrong, especially for banks, cyclical businesses and companies with one-off items. Being below fair value is not a recommendation to buy. The probability of a higher close is shown for context. This is information, not investment advice.

Frequently asked questions

Which stocks in Brazil are the most undervalued?

In October 2026, the widest gaps below ATLAS fair value among 38 qualifying companies belong to Sendas Distribuidora, Hospital Mater Dei, and MAHLE Metal Leve. Sendas Distribuidora leads at 52% below its estimate.

What does "undervalued" mean here?

That the share price is at least 10% below ATLAS estimate of what the company is worth, using cash flows and comparable multiples. It is a model output, not a judgement on the business.

Does undervalued mean the stock will go up?

No. Prices can stay below estimated value for years, and estimates change when results change. The one-month probability in the table is separate and is close to a coin flip for most stocks.

How much of the market in Brazil looks undervalued?

38 of 141 listed companies pass the filter. The median gap among them is 30% below fair value, and 7 of them are in Consumer Cyclical, the most represented sector.

How often is this list updated?

Fair values are refreshed every night and this page is rebuilt at least every 6 hours. The month in the title follows the date of the data.

Screen Brazil stocks yourself

Filter by yield, fair value and probability, follow your favourites and test ideas in a risk-free simulator.

Get started →

Plans from €3.99 a month.

Explore more

More lists for Brazil

Undervalued stocks: other countries

Information only, not investment advice. ATLAS estimates come from statistical models using public data; they can be wrong, and past results do not guarantee future ones. Disclaimer

ATLAS Signals

ATLAS Signals, every week

The week in the market, three stocks on ATLAS’s radar and what comes next. Get it every Monday.

By subscribing you agree to receive ATLAS Signals by email every Monday. You can unsubscribe with one click at any time. Privacy