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Argentinian (MERVAL) Utilities Sector Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies12
  • 7D-8.1%
  • 3M-1.7%
  • 1Y13.5%
  • YTD-8.1%

Over the last 7 days, the Utilities industry has dropped 8.0%, driven by Pampa Energía declining 7.8%. Meanwhile, Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener actually outperformed within the industry, gaining 7.6% in the last week. Over the past 12 months, the industry was up 12%. As for the next few years, earnings are expected to grow by 24% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026AR$18.6tAR$10.0tAR$1.5t12.9x12.3x1.9x
Sat, 03 Jan 2026AR$19.7tAR$10.0tAR$1.5t13x13x2x
Mon, 01 Dec 2025AR$19.8tAR$10.1tAR$1.6t12.4x12.8x2x
Wed, 29 Oct 2025AR$15.8tAR$9.8tAR$1.7t9.4x9.4x1.6x
Fri, 26 Sep 2025AR$12.4tAR$9.6tAR$1.6t7.2x7.7x1.3x
Sun, 24 Aug 2025AR$13.0tAR$9.6tAR$1.6t7.1x8x1.4x
Tue, 22 Jul 2025AR$13.5tAR$9.2tAR$1.6t7.8x8.7x1.5x
Thu, 19 Jun 2025AR$13.4tAR$9.2tAR$1.6t7.7x8.6x1.5x
Sat, 17 May 2025AR$15.1tAR$8.8tAR$1.4t9.1x10.6x1.7x
Mon, 14 Apr 2025AR$13.1tAR$7.9tAR$1.4t10.3x9.1x1.7x
Wed, 12 Mar 2025AR$14.2tAR$6.9tAR$1.2t12.4x12.1x2.1x
Fri, 07 Feb 2025AR$15.8tAR$5.4tAR$1.2t17x13x2.9x
Sun, 05 Jan 2025AR$17.1tAR$5.4tAR$1.2t18.7x14.1x3.2x
Tue, 03 Dec 2024AR$14.3tAR$5.4tAR$1.2t15.8x11.8x2.7x
Thu, 31 Oct 2024AR$11.1tAR$4.4tAR$941.3b26.1x11.8x2.5x
Sat, 28 Sep 2024AR$10.0tAR$4.4tAR$941.3b21x10.7x2.3x
Mon, 26 Aug 2024AR$9.4tAR$4.5tAR$939.6b19.2x10x2.1x
Wed, 24 Jul 2024AR$9.2tAR$3.7tAR$836.7b29.6x11x2.5x
Fri, 21 Jun 2024AR$8.9tAR$3.6tAR$832.3b10.6x10.7x2.4x
Sun, 19 May 2024AR$8.4tAR$3.5tAR$743.3b10.2x11.3x2.4x
Tue, 16 Apr 2024AR$7.6tAR$2.4tAR$283.8b21.6x26.8x3.1x
Thu, 14 Mar 2024AR$6.6tAR$2.3tAR$336.2b20.1x19.6x2.9x
Sat, 10 Feb 2024AR$8.1tAR$1.5tAR$342.0b13.7x23.7x5.3x
Mon, 08 Jan 2024AR$7.7tAR$1.5tAR$341.7b12.7x22.4x5x
Wed, 06 Dec 2023AR$5.7tAR$1.5tAR$351.7b10.4x16.2x3.8x
Fri, 03 Nov 2023AR$4.0tAR$1.2tAR$206.9b51.6x19.4x3.4x
Sun, 01 Oct 2023AR$3.7tAR$1.2tAR$206.9b43.7x17.7x3.1x
Tue, 29 Aug 2023AR$4.2tAR$1.2tAR$179.7b33.8x23.3x3.5x
Thu, 27 Jul 2023AR$3.0tAR$1.0tAR$121.9b29.2x24.8x2.9x
Sat, 24 Jun 2023AR$2.8tAR$1.0tAR$121.9b27.6x22.7x2.7x
Mon, 22 May 2023AR$2.3tAR$1.1tAR$128.3b23.4x17.8x2.2x
Wed, 19 Apr 2023AR$1.9tAR$1.0tAR$121.0b20.6x16x1.9x
Fri, 17 Mar 2023AR$1.5tAR$926.9bAR$98.7b15.6x14.8x1.6x
Sun, 12 Feb 2023AR$1.6tAR$594.6bAR$79.4b21.6x20.8x2.8x
Price to Earnings Ratio

20.8x


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 12.5x 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 1.9x.
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 Market-6.16%
Utilities-8.08%
Electric Utilities-6.73%
Renewable Energy-8.83%
Gas Utilities-10.49%
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 19.0x.
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
TRAN Compañía de Transporte de Energía Eléctrica en Alta Tensión TransenerAR$3.94k7.6%
+AR$124.5b		50.8%PE12.7x
EDSH EDESA HoldingAR$650.008.3%
+AR$1.1b		n/aPE0.2x

Latest News

EDN
AR$2,059.00
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
7D
-14.1%
1Y
-11.1%
PAMP
AR$4,962.50
Pampa Energía
7D
-7.8%
1Y
23.3%

PAMP: Fair Value View Will Reflect Higher Margins And Revised Cash Flow Assumptions

Analysts have revised their fair value estimate for Pampa Energía from $3,400 to $5,400, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple as key drivers of the change. Valuation Changes Fair Value Estimate was raised from ARS 3,400 to ARS 5,400, reflecting the updated model assumptions.
EDSH
AR$650.00
EDESA Holding
7D
8.3%
1Y
n/a
CEPU
AR$2,377.00
Central Puerto
7D
-9.1%
1Y
39.8%

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.
TRAN
AR$3,942.50
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener
7D
7.6%
1Y
50.8%
CGPA2
AR$2,600.00
Camuzzi Gas Pampeana
7D
-7.0%
1Y
-17.2%
GBAN
AR$2,130.00
Naturgy BAN
7D
-10.1%
1Y
-5.1%
DGCU2
AR$1,790.00
Distribuidora de Gas Cuyana
7D
-10.9%
1Y
-5.0%
ECOG
AR$3,085.00
Ecogas Inversiones
7D
-12.7%
1Y
-0.4%
METR
AR$2,171.00
MetroGAS
7D
-12.8%
1Y
-8.0%