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Argentinian (MERVAL) Utilities Sector Analysis

UpdatedMay 25, 2026
DataAggregated Company Financials
Companies12
  • 7D-0.5%
  • 3M-3.7%
  • 1Y10.7%
  • YTD-15.4%

Over the last 7 days, the Utilities industry has risen 3.1%, and MetroGAS contributed the most with a gain of 12%. During this same period, the Naturgy BAN underperformed, falling 5.4%. This means that the industry has gained 12% over the past year. Looking forward, earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

Has the Argentinian Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 May 2026AR$16.9tAR$12.5tAR$2.2t7.4x7.7x1.4x
Wed, 22 Apr 2026AR$17.7tAR$12.0tAR$1.9t8.8x9.4x1.5x
Fri, 20 Mar 2026AR$17.8tAR$11.9tAR$1.9t8.6x9.4x1.5x
Sun, 15 Feb 2026AR$18.0tAR$9.9tAR$1.5t12.7x12.1x1.8x
Tue, 13 Jan 2026AR$19.1tAR$10.0tAR$1.5t13.1x12.6x1.9x
Thu, 11 Dec 2025AR$20.3tAR$10.1tAR$1.5t13.4x13.1x2x
Sat, 08 Nov 2025AR$18.7tAR$9.7tAR$1.7t10.9x11.3x1.9x
Mon, 06 Oct 2025AR$11.6tAR$9.7tAR$1.7t6.8x7x1.2x
Wed, 03 Sep 2025AR$12.4tAR$9.6tAR$1.6t7.2x7.6x1.3x
Fri, 01 Aug 2025AR$15.1tAR$9.2tAR$1.6t8.8x9.7x1.6x
Sun, 29 Jun 2025AR$13.0tAR$9.2tAR$1.6t7.7x8.3x1.4x
Tue, 27 May 2025AR$15.2tAR$8.9tAR$1.5t9.7x9.9x1.7x
Thu, 24 Apr 2025AR$13.1tAR$8.3tAR$1.6t13x8.3x1.6x
Sat, 22 Mar 2025AR$15.1tAR$7.9tAR$1.4t13.9x10.5x1.9x
Mon, 17 Feb 2025AR$16.3tAR$5.6tAR$1.2t18x13.2x2.9x
Wed, 15 Jan 2025AR$16.4tAR$5.4tAR$1.2t16.6x13.5x3.1x
Fri, 13 Dec 2024AR$15.8tAR$5.4tAR$1.2t18.8x13x2.9x
Sun, 10 Nov 2024AR$12.1tAR$4.4tAR$888.8b14.2x13.6x2.8x
Tue, 08 Oct 2024AR$10.5tAR$4.4tAR$941.3b21.7x11.2x2.4x
Thu, 05 Sep 2024AR$9.9tAR$4.4tAR$941.3b21.7x10.5x2.2x
Sat, 03 Aug 2024AR$8.7tAR$3.7tAR$836.7b28.4x10.4x2.3x
Mon, 01 Jul 2024AR$9.1tAR$3.6tAR$832.3b10.9x10.9x2.5x
Wed, 29 May 2024AR$8.9tAR$3.5tAR$745.2b10.9x11.9x2.5x
Fri, 26 Apr 2024AR$7.3tAR$2.4tAR$283.8b21.5x25.8x3x
Sun, 24 Mar 2024AR$7.7tAR$2.4tAR$330.9b23.8x23.2x3.2x
Tue, 20 Feb 2024AR$7.5tAR$1.5tAR$342.0b13.5x21.9x4.9x
Thu, 18 Jan 2024AR$9.0tAR$1.5tAR$342.0b17.6x26.2x5.8x
Sat, 16 Dec 2023AR$7.3tAR$1.5tAR$351.7b11.2x20.9x4.9x
Mon, 13 Nov 2023AR$4.0tAR$1.4tAR$314.9b40.3x12.7x2.9x
Wed, 11 Oct 2023AR$4.5tAR$1.2tAR$206.9b52.5x21.8x3.8x
Fri, 08 Sep 2023AR$3.6tAR$1.2tAR$179.7b33.1x20.2x3x
Sun, 06 Aug 2023AR$2.9tAR$1.0tAR$121.9b28x24x2.8x
Tue, 04 Jul 2023AR$2.8tAR$1.0tAR$121.9b31x23.3x2.7x
Thu, 01 Jun 2023AR$2.3tAR$1.0tAR$121.7b26.4x19.1x2.2x
Price to Earnings Ratio

19.1x


Total Market Cap: AR$2.3tTotal Earnings: AR$121.7bTotal Revenue: AR$1.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Utilities Sector Price to Earnings3Y Average 14.2x202420252026
Current Industry PE
  • Investors are pessimistic on the Argentinean Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 7.7x which is lower than its 3-year average PE of 14.2x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 162% per year over the last three years.
  • Revenues for these companies have grown 129% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Argentinian Utilities sector?

AR Market1.36%
Utilities-0.46%
Gas Utilities2.22%
Electric Utilities-0.84%
Renewable Energy-2.18%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry even though it's trading below its 3-year average PE ratio of 13.2x.
    • Analysts are expecting annual earnings growth of 21.2%, which is lower than the prior year's growth of 81.4% per year.
  • Investors are most pessimistic about the Renewable Energy industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 21% over the next 5 years.
  • However this is lower than its past earnings growth rate of 81% per year.
  • In contrast, the Renewable 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 Price7D1YValuation
METR MetroGASAR$1.89k6.2%
+AR$63.2b		-18.0%PE8.8x
TRAN Compañía de Transporte de Energía Eléctrica en Alta Tensión TransenerAR$3.89k2.1%
+AR$35.6b		50.2%PE7.9x
EDN Empresa Distribuidora y Comercializadora Norte Sociedad AnónimaAR$1.80k1.7%
+AR$26.3b		-16.0%PE5.1x
ECOG Ecogas InversionesAR$3.12k2.8%
+AR$19.5b		7.7%PE9.6x
CGPA2 Camuzzi Gas PampeanaAR$2.10k2.2%
+AR$15.0b		-29.2%PE24.8x

Latest News

CEPU
AR$2,077.00
Central Puerto
7D
-2.2%
1Y
28.6%
METR
AR$1,894.00
MetroGAS
7D
6.2%
1Y
-18.0%
GBAN
AR$1,845.00
Naturgy BAN
7D
-2.9%
1Y
-11.9%
DGCU2
AR$1,610.00
Distribuidora de Gas Cuyana
7D
0.3%
1Y
-4.2%
CGPA2
AR$2,100.00
Camuzzi Gas Pampeana
7D
2.2%
1Y
-29.2%
PAMP
AR$4,782.50
Pampa Energía
7D
-2.2%
1Y
25.4%
Narrative Update • May 16

PAMP: Rincon De Aranda Crude Upside And Buyback Activity Will Support Repricing

Analysts have lifted their price target on Pampa Energía to ARS 7,400 from ARS 7,400. This reflects updated views on revenue growth, margins, discount rate and P/E assumptions, supported by recent research that highlights the company's asset quality, disciplined investment approach and potential upside from crude-focused projects such as Rincon de Aranda, alongside any improvement in Argentina's macro backdrop.
EDN
AR$1,802.00
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
7D
1.7%
1Y
-16.0%
CECO2
AR$429.00
Central Costanera
7D
-1.8%
1Y
-14.4%
TRAN
AR$3,890.00
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener
7D
2.1%
1Y
50.2%
ECOG
AR$3,120.00
Ecogas Inversiones
7D
2.8%
1Y
7.7%