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Argentinian (MERVAL) Utilities Sector Analysis

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies12
  • 7D1.0%
  • 3M-5.5%
  • 1Y11.8%
  • YTD-15.4%

The Utilities is pretty flat in the last 7 days, but MetroGAS has stood out, gaining 8.9%. The past year has been better, since the industry has gained 12% in that time. Earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 22 May 2026AR$17.0tAR$12.4tAR$2.1t8.4x8.2x1.4x
Sun, 19 Apr 2026AR$17.4tAR$12.0tAR$1.9t8.8x9.3x1.4x
Tue, 17 Mar 2026AR$17.5tAR$11.9tAR$1.9t9.1x9.3x1.5x
Thu, 12 Feb 2026AR$19.0tAR$9.9tAR$1.5t13.3x12.7x1.9x
Sat, 10 Jan 2026AR$19.0tAR$10.0tAR$1.5t13.2x12.5x1.9x
Mon, 08 Dec 2025AR$20.6tAR$10.0tAR$1.5t13.6x13.3x2.1x
Wed, 05 Nov 2025AR$19.6tAR$9.8tAR$1.7t11.2x11.7x2x
Fri, 03 Oct 2025AR$11.4tAR$9.7tAR$1.7t6.6x6.9x1.2x
Sun, 31 Aug 2025AR$12.3tAR$9.6tAR$1.6t6.4x7.6x1.3x
Tue, 29 Jul 2025AR$14.1tAR$9.2tAR$1.6t8.6x9.1x1.5x
Thu, 26 Jun 2025AR$13.2tAR$9.2tAR$1.6t7.8x8.5x1.4x
Sat, 24 May 2025AR$15.1tAR$8.9tAR$1.5t9.5x10.1x1.7x
Mon, 21 Apr 2025AR$13.1tAR$8.3tAR$1.6t11.7x8.3x1.6x
Wed, 19 Mar 2025AR$15.2tAR$7.7tAR$1.4t13.6x10.6x2x
Fri, 14 Feb 2025AR$15.3tAR$5.6tAR$1.2t17.7x12.3x2.7x
Sun, 12 Jan 2025AR$16.8tAR$5.4tAR$1.2t17.4x13.8x3.1x
Tue, 10 Dec 2024AR$15.2tAR$5.4tAR$1.2t17.9x12.6x2.8x
Thu, 07 Nov 2024AR$12.2tAR$4.4tAR$941.3b30.2x12.9x2.7x
Sat, 05 Oct 2024AR$10.4tAR$4.4tAR$941.3b21.5x11.1x2.3x
Mon, 02 Sep 2024AR$9.9tAR$4.4tAR$941.3b21.1x10.5x2.2x
Wed, 31 Jul 2024AR$8.6tAR$3.7tAR$836.7b25.8x10.3x2.3x
Fri, 28 Jun 2024AR$8.9tAR$3.6tAR$832.3b11.3x10.7x2.5x
Sun, 26 May 2024AR$8.6tAR$3.5tAR$744.1b10.4x11.5x2.4x
Tue, 23 Apr 2024AR$7.1tAR$2.4tAR$283.8b21.9x25x2.9x
Thu, 21 Mar 2024AR$7.2tAR$2.4tAR$330.9b24.1x21.9x3x
Sat, 17 Feb 2024AR$7.8tAR$1.5tAR$342.0b13.8x22.8x5.1x
Mon, 15 Jan 2024AR$8.4tAR$1.5tAR$342.0b19.3x24.6x5.5x
Wed, 13 Dec 2023AR$6.9tAR$1.5tAR$351.7b11.9x19.5x4.5x
Fri, 10 Nov 2023AR$3.7tAR$1.2tAR$238.7b49.3x15.4x2.9x
Sun, 08 Oct 2023AR$4.1tAR$1.2tAR$206.9b48x19.6x3.5x
Tue, 05 Sep 2023AR$4.2tAR$1.2tAR$179.7b33.7x23.5x3.5x
Thu, 03 Aug 2023AR$2.9tAR$1.0tAR$121.9b28x23.7x2.8x
Sat, 01 Jul 2023AR$2.8tAR$1.0tAR$121.9b30x23.2x2.7x
Mon, 29 May 2023AR$2.3tAR$1.0tAR$124.3b22x18.5x2.2x
Price to Earnings Ratio

18.5x


Total Market Cap: AR$2.3tTotal Earnings: AR$124.3bTotal 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 8.2x which is lower than its 3-year average PE of 14.3x.
  • 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 156% per year over the last three years.
  • Revenues for these companies have grown 128% 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 Market2.27%
Utilities1.00%
Gas Utilities2.07%
Electric Utilities1.61%
Renewable Energy-1.83%
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 5.2%, which is lower than the prior year's growth of 244.3% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 18.0x.
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 109% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 5.2% 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$4.84k2.2%
+AR$141.1b		28.5%PE10.7x
EDN Empresa Distribuidora y Comercializadora Norte Sociedad AnónimaAR$1.84k6.1%
+AR$91.9b		-11.8%PE5.2x
METR MetroGASAR$1.89k8.1%
+AR$80.8b		-16.0%PE8.8x
TRAN Compañía de Transporte de Energía Eléctrica en Alta Tensión TransenerAR$3.82k3.4%
+AR$55.6b		52.2%PE7.8x
CEPU Central PuertoAR$2.14k1.2%
+AR$39.0b		34.3%PE9.3x

Latest News

METR
AR$1,889.00
MetroGAS
7D
8.1%
1Y
-16.0%
GBAN
AR$1,855.00
Naturgy BAN
7D
-6.5%
1Y
-11.9%
DGCU2
AR$1,610.00
Distribuidora de Gas Cuyana
7D
-1.5%
1Y
-5.3%
CGPA2
AR$2,105.00
Camuzzi Gas Pampeana
7D
1.4%
1Y
-28.8%
PAMP
AR$4,837.50
Pampa Energía
7D
2.2%
1Y
28.5%
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$1,840.00
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
7D
6.1%
1Y
-11.8%
CECO2
AR$428.00
Central Costanera
7D
-2.3%
1Y
-18.3%
TRAN
AR$3,820.00
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener
7D
3.4%
1Y
52.2%
CEPU
AR$2,142.00
Central Puerto
7D
1.2%
1Y
34.3%
Narrative Update • May 08

CEPU: Leadership Review And Stable Fair Value Will Support Upside

Analysts have kept their ARS 2,900 price target for Central Puerto unchanged, reflecting slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E that broadly offset each other in their updated models. What's in the News A board meeting is scheduled for April 30, 2026, to review leadership roles at Central Puerto S.A. (Key Developments) The appointment of Mr. Osvaldo Arturo Reca will be considered for Chairman of the company.
ECOG
AR$3,167.50
Ecogas Inversiones
7D
5.3%
1Y
9.3%