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Argentinian (MERVAL) Utilities Sector Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies12
  • 7D3.2%
  • 3M3.7%
  • 1Y16.9%
  • YTD-2.2%

Over the last 7 days, the Utilities industry has risen 4.3%, driven by gains in Pampa Energía and Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener of 2.7% and 11%, respectively. This means that the industry has gained 17% over the past year. Looking forward, earnings are forecast to grow by 24% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 31 Jan 2026AR$19.7tAR$10.0tAR$1.5t13.2x13.1x2x
Mon, 29 Dec 2025AR$20.5tAR$10.0tAR$1.5t14.2x13.6x2.1x
Wed, 26 Nov 2025AR$18.3tAR$10.2tAR$1.6t11.5x11.8x1.8x
Fri, 24 Oct 2025AR$12.5tAR$9.9tAR$1.7t7.6x7.4x1.3x
Sun, 21 Sep 2025AR$10.7tAR$9.8tAR$1.7t5.5x6.4x1.1x
Tue, 19 Aug 2025AR$14.1tAR$9.6tAR$1.6t8.7x8.8x1.5x
Thu, 17 Jul 2025AR$13.5tAR$9.2tAR$1.6t7.8x8.7x1.5x
Sat, 14 Jun 2025AR$14.2tAR$8.9tAR$1.5t8x9.3x1.6x
Mon, 12 May 2025AR$13.2tAR$8.5tAR$1.6t7.5x8.4x1.6x
Wed, 09 Apr 2025AR$12.4tAR$7.9tAR$1.4t9.8x8.6x1.6x
Fri, 07 Mar 2025AR$15.1tAR$5.3tAR$1.3t14.6x11.5x2.9x
Sun, 02 Feb 2025AR$16.4tAR$5.4tAR$1.2t16.8x13.5x3x
Tue, 31 Dec 2024AR$16.7tAR$5.4tAR$1.2t18.5x13.7x3.1x
Thu, 28 Nov 2024AR$14.1tAR$5.4tAR$1.2t15.3x11.6x2.6x
Sat, 26 Oct 2024AR$11.0tAR$4.4tAR$941.3b23.5x11.7x2.5x
Mon, 23 Sep 2024AR$10.5tAR$4.4tAR$941.3b22x11.2x2.4x
Wed, 21 Aug 2024AR$9.7tAR$4.6tAR$946.9b21x10.2x2.1x
Fri, 19 Jul 2024AR$8.9tAR$3.7tAR$836.7b28.8x10.6x2.4x
Sun, 16 Jun 2024AR$9.0tAR$3.6tAR$832.3b10.7x10.8x2.5x
Tue, 14 May 2024AR$7.9tAR$3.5tAR$747.0b9.6x10.6x2.2x
Thu, 11 Apr 2024AR$7.9tAR$2.4tAR$283.8b23.7x28x3.3x
Sat, 09 Mar 2024AR$6.4tAR$2.2tAR$360.8b10.4x17.6x2.9x
Mon, 05 Feb 2024AR$9.6tAR$1.5tAR$342.0b17.2x28.2x6.3x
Wed, 03 Jan 2024AR$6.9tAR$1.5tAR$341.7b12x20.3x4.5x
Fri, 01 Dec 2023AR$5.2tAR$1.5tAR$362.3b24.6x14.4x3.5x
Sun, 29 Oct 2023AR$4.1tAR$1.2tAR$206.9b52.7x19.9x3.5x
Tue, 26 Sep 2023AR$3.5tAR$1.2tAR$206.9b39.2x17x3x
Thu, 24 Aug 2023AR$4.1tAR$1.2tAR$183.8b34.1x22.4x3.5x
Sat, 22 Jul 2023AR$3.0tAR$1.0tAR$121.9b29.3x25x2.9x
Mon, 19 Jun 2023AR$2.6tAR$1.0tAR$121.9b26.5x21.6x2.5x
Wed, 17 May 2023AR$2.2tAR$1.0tAR$127.6b28.6x17.1x2.1x
Fri, 14 Apr 2023AR$1.8tAR$1.0tAR$120.0b19.7x15.3x1.8x
Sun, 12 Mar 2023AR$1.5tAR$722.1bAR$109.9b16.9x13.7x2.1x
Tue, 07 Feb 2023AR$1.6tAR$594.6bAR$79.4b20.6x20.2x2.7x
Price to Earnings Ratio

20.2x


Total Market Cap: AR$1.6tTotal Earnings: AR$79.4bTotal Revenue: AR$594.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Utilities Sector Price to Earnings3Y Average 14.9x202420252026
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 13.2x which is lower than its 3-year average PE of 14.9x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 167% per year over the last three years.
  • Revenues for these companies have grown 156% 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 Market3.94%
Utilities3.21%
Electric Utilities4.31%
Renewable Energy2.91%
Gas Utilities0.98%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 9.1%, which is higher than its past year's earnings decline of 29.9% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 19.1x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings decline of 53% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 9.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PAMP Pampa EnergíaAR$5.22k2.7%
+AR$181.4b		23.0%PE15x
TRAN Compañía de Transporte de Energía Eléctrica en Alta Tensión TransenerAR$3.85k10.9%
+AR$167.9b		38.1%PE12.4x
CEPU Central PuertoAR$2.55k2.8%
+AR$105.9b		48.5%PE14x
EDN Empresa Distribuidora y Comercializadora Norte Sociedad AnónimaAR$2.35k4.9%
+AR$96.3b		2.0%PE20.6x
ECOG Ecogas InversionesAR$3.51k2.9%
+AR$22.9b		9.0%PE10.8x

Latest News

CEPU
AR$2,547.50
Central Puerto
7D
2.8%
1Y
48.5%

CEPU: Improved Margin Profile Will Support Future Upside Potential

Analysts have lifted their price target on Central Puerto to $2,900.00, supported by updated assumptions that include revenue growth of 22.59%, a profit margin of 24.79% and a forward P/E of 23.31x. Valuation Changes Fair Value: Kept steady at ARS 2,900.0 per share, with no change in the updated assumptions.
EDN
AR$2,352.00
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
7D
4.9%
1Y
2.0%
PAMP
AR$5,215.00
Pampa Energía
7D
2.7%
1Y
23.0%

PAMP: Power And Gas Integration Will Drive Future Upside Potential

Analysts have lifted their fair value estimate for Pampa Energía from $4,800 to $7,400, citing updated assumptions that reflect recent research highlighting expected benefits from changes in its power generation business and improved monetization of its gas upstream operations. Analyst Commentary Recent Street research highlights a more constructive view on Pampa Energía, with bullish analysts revisiting their models and aligning valuation work with updated expectations for the power and gas businesses.
TRAN
AR$3,845.00
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener
7D
10.9%
1Y
38.1%
CGPA2
AR$2,725.00
Camuzzi Gas Pampeana
7D
1.7%
1Y
-16.4%
GBAN
AR$2,280.00
Naturgy BAN
7D
2.2%
1Y
3.9%
DGCU2
AR$1,970.00
Distribuidora de Gas Cuyana
7D
-2.2%
1Y
-2.5%
DGCE
AR$2,275.00
Distribuidora de Gas del Centro
7D
-2.2%
1Y
-7.1%
CECO2
AR$490.00
Central Costanera
7D
3.6%
1Y
-17.8%
ECOG
AR$3,505.00
Ecogas Inversiones
7D
2.9%
1Y
9.0%