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Argentinian (MERVAL) Utilities Sector Analysis

UpdatedSep 22, 2026
DataAggregated Company Financials
Companies12
  • 7D-4.7%
  • 3M-3.6%
  • 1Y47.5%
  • YTD-12.8%

Over the last 7 days, the Utilities industry has dropped 4.7%, driven by a pullback from Pampa Energía of 6.3%. In the past year, the industry has gained 47%. In the next few years, earnings are forecast to decline by 1.4% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 22 Sep 2026AR$17.9tAR$14.6tAR$2.5t6.7x7.2x1.2x
Thu, 20 Aug 2026AR$17.3tAR$14.6tAR$2.4t6.6x7.1x1.2x
Sat, 18 Jul 2026AR$18.2tAR$13.2tAR$2.3t8x8x1.4x
Mon, 15 Jun 2026AR$18.4tAR$12.6tAR$2.2t8x8.4x1.5x
Wed, 13 May 2026AR$17.2tAR$12.3tAR$2.0t8.1x8.6x1.4x
Fri, 10 Apr 2026AR$18.9tAR$12.0tAR$1.9t9.2x10x1.6x
Sun, 08 Mar 2026AR$17.0tAR$10.5tAR$1.6t10.3x10.5x1.6x
Tue, 03 Feb 2026AR$19.5tAR$10.0tAR$1.5t12.9x12.9x2x
Thu, 01 Jan 2026AR$19.7tAR$10.0tAR$1.5t13x13x2x
Sat, 29 Nov 2025AR$19.7tAR$10.1tAR$1.6t12.4x12.7x2x
Mon, 27 Oct 2025AR$12.9tAR$9.9tAR$1.7t7.7x7.7x1.3x
Wed, 24 Sep 2025AR$11.6tAR$9.6tAR$1.6t7.2x7.1x1.2x
Fri, 22 Aug 2025AR$12.9tAR$9.6tAR$1.6t7.2x7.9x1.3x
Sun, 20 Jul 2025AR$13.5tAR$9.2tAR$1.6t7.9x8.7x1.5x
Tue, 17 Jun 2025AR$13.8tAR$8.9tAR$1.5t8x9x1.6x
Thu, 15 May 2025AR$14.7tAR$8.5tAR$1.5t8.7x10x1.7x
Sat, 12 Apr 2025AR$12.3tAR$7.9tAR$1.4t10.3x8.5x1.5x
Mon, 10 Mar 2025AR$15.2tAR$6.1tAR$1.0t13.6x14.9x2.5x
Wed, 05 Feb 2025AR$15.9tAR$5.4tAR$1.2t17.2x13.1x3x
Fri, 03 Jan 2025AR$16.4tAR$5.4tAR$1.2t19.2x13.6x3.1x
Sun, 01 Dec 2024AR$14.3tAR$5.4tAR$1.2t15.8x11.8x2.7x
Tue, 29 Oct 2024AR$11.0tAR$4.4tAR$941.3b24.2x11.7x2.5x
Thu, 26 Sep 2024AR$10.4tAR$4.4tAR$941.3b21.6x11x2.3x
Sat, 24 Aug 2024AR$9.2tAR$4.6tAR$946.9b19.2x9.7x2x
Mon, 22 Jul 2024AR$9.1tAR$3.7tAR$836.7b28.9x10.9x2.5x
Wed, 19 Jun 2024AR$9.0tAR$3.6tAR$832.3b10.7x10.8x2.5x
Fri, 17 May 2024AR$8.5tAR$3.5tAR$742.1b10.6x11.5x2.4x
Sun, 14 Apr 2024AR$7.9tAR$2.4tAR$283.8b23.3x27.7x3.3x
Tue, 12 Mar 2024AR$6.1tAR$2.0tAR$174.4b60.6x34.7x3.1x
Thu, 08 Feb 2024AR$8.8tAR$1.5tAR$342.0b14.9x25.7x5.7x
Sat, 06 Jan 2024AR$7.4tAR$1.5tAR$341.7b12.7x21.7x4.8x
Mon, 04 Dec 2023AR$5.8tAR$1.5tAR$351.7b10x16.4x3.8x
Wed, 01 Nov 2023AR$3.8tAR$1.2tAR$206.9b47.6x18.2x3.2x
Fri, 29 Sep 2023AR$3.8tAR$1.2tAR$206.9b43.5x18.5x3.2x
Price to Earnings Ratio

18.5x


Total Market Cap: AR$3.8tTotal Earnings: AR$206.9bTotal Revenue: AR$1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Utilities Sector Price to Earnings3Y Average 12.7x202420252026
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 7.2x which is lower than its 3-year average PE of 12.7x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 129% per year over the last three years.
  • Revenues for these companies have grown 131% 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-3.00%
Utilities-4.69%
Gas Utilities-1.15%
Electric Utilities-4.92%
Renewable Energy-8.11%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry even though it's trading below its 3-year average PE ratio of 14.6x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • 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 0.05% over the next 5 years.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 5.9% 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
METR MetroGASAR$2.44k2.7%
+AR$36.4b		81.3%PE10.7x
EDSH EDESA HoldingAR$3.62k18.3%
+AR$12.8b		n/aPE1.4x
CGPA2 Camuzzi Gas PampeanaAR$1.76k1.4%
+AR$8.3b		21.5%PE19.5x

Latest News

CEPU
AR$2,028.00
Central Puerto
7D
-8.7%
1Y
61.9%
PAMP
AR$5,185.00
Pampa Energía
7D
-6.3%
1Y
41.0%
Narrative Update • Sep 17

PAMP: Future Upside Will Be Anchored By JPMorgan’s Higher Neutral Price Outlook

Analysts have raised the fair value estimate for Pampa Energía from ARS 8,259.83 to ARS 8,705.67, reflecting updated expectations for revenue growth, margins and forward P/E that are broadly consistent with the recent increase in Street price targets. What’s in the News for Pampa Energía No recent news stories for Pampa Energía are available from the specified primary sources as of 17 Sep 2026.
GBAN
AR$1,785.00
Naturgy BAN
7D
-1.9%
1Y
34.2%
TRAN
AR$3,140.00
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener
7D
-1.3%
1Y
75.6%
CGPA2
AR$1,755.00
Camuzzi Gas Pampeana
7D
1.4%
1Y
21.5%
EDN
AR$1,880.00
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
7D
-2.8%
1Y
42.2%
Narrative Update • Aug 13

EDN: Lower Discount Rate And Higher Margins Will Support Stronger Future Earnings

Analysts have raised their price target for Empresa Distribuidora y Comercializadora Norte Sociedad Anónima to ARS 3,500 from ARS 2,600, based on updated assumptions that include a lower discount rate, a slightly adjusted revenue growth outlook, a higher profit margin, and a revised future P/E estimate. What's in the News Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has scheduled a board meeting for Aug 10, 2026 to review and consider approval of condensed interim financial statements for the period ended Jun 30, 2026, including the statement of financial position, comprehensive income, changes in equity, cash flows, related notes, and an informative summary.
DGCU2
AR$1,570.00
Distribuidora de Gas Cuyana
7D
-2.5%
1Y
35.3%
EDSH
AR$3,620.00
EDESA Holding
7D
18.3%
1Y
n/a
METR
AR$2,435.00
MetroGAS
7D
2.7%
1Y
81.3%
CECO2
AR$517.00
Central Costanera
7D
-2.5%
1Y
55.0%