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Argentinian (MERVAL) Utilities Sector Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies12
  • 7D-4.8%
  • 3M-9.4%
  • 1Y10.6%
  • YTD-14.1%

Over the last 7 days, the Utilities industry has dropped 4.8%, driven by a pullback from Pampa Energía of 4.9%. This takes the industry's 12 month performance to a gain of 11%. Looking forward, earnings are forecast to grow by 25% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026AR$17.8tAR$10.0tAR$1.5t12.3x12x1.8x
Thu, 22 Jan 2026AR$18.0tAR$10.0tAR$1.5t12.1x12x1.8x
Sat, 20 Dec 2025AR$20.9tAR$10.0tAR$1.5t14.3x13.8x2.1x
Mon, 17 Nov 2025AR$19.4tAR$10.2tAR$1.6t11.4x12.5x1.9x
Wed, 15 Oct 2025AR$12.9tAR$9.6tAR$1.6t7.7x7.9x1.3x
Fri, 12 Sep 2025AR$11.8tAR$9.8tAR$1.7t6.6x7.1x1.2x
Sun, 10 Aug 2025AR$14.9tAR$9.5tAR$1.6t8.5x9.4x1.6x
Tue, 08 Jul 2025AR$13.4tAR$9.2tAR$1.6t7.7x8.6x1.5x
Thu, 05 Jun 2025AR$14.7tAR$8.9tAR$1.5t8.9x9.6x1.6x
Sat, 03 May 2025AR$12.6tAR$8.4tAR$1.6t12.2x7.9x1.5x
Mon, 31 Mar 2025AR$15.0tAR$7.9tAR$1.4t13.3x10.4x1.9x
Wed, 26 Feb 2025AR$15.7tAR$5.9tAR$1.3t14.7x12.2x2.7x
Fri, 24 Jan 2025AR$16.2tAR$5.4tAR$1.2t16.2x13.4x3x
Sun, 22 Dec 2024AR$15.9tAR$5.4tAR$1.2t18x13.1x2.9x
Tue, 19 Nov 2024AR$13.0tAR$5.0tAR$970.6b13.9x13.4x2.6x
Thu, 17 Oct 2024AR$10.3tAR$4.4tAR$941.3b22.4x10.9x2.3x
Sat, 14 Sep 2024AR$10.6tAR$4.4tAR$941.3b23.3x11.2x2.4x
Mon, 12 Aug 2024AR$9.3tAR$3.8tAR$808.3b30.5x11.5x2.5x
Wed, 10 Jul 2024AR$9.6tAR$3.6tAR$832.3b11.1x11.6x2.6x
Fri, 07 Jun 2024AR$8.7tAR$3.7tAR$813.1b9.9x10.7x2.4x
Sun, 05 May 2024AR$8.4tAR$2.5tAR$290.0b31.1x28.9x3.3x
Tue, 02 Apr 2024AR$7.6tAR$2.4tAR$330.9b24.1x23x3.2x
Thu, 29 Feb 2024AR$7.0tAR$1.5tAR$342.0b10.6x20.3x4.5x
Sat, 27 Jan 2024AR$9.5tAR$1.5tAR$342.0b16.4x27.8x6.2x
Mon, 25 Dec 2023AR$7.0tAR$1.5tAR$341.7b13x20.6x4.6x
Wed, 22 Nov 2023AR$4.0tAR$1.5tAR$362.3b22.4x11.2x2.7x
Fri, 20 Oct 2023AR$4.8tAR$1.2tAR$206.9b52.7x23x4.1x
Sun, 17 Sep 2023AR$3.7tAR$1.2tAR$211.2b32.6x17.3x3x
Tue, 15 Aug 2023AR$3.3tAR$1.3tAR$224.3b29.4x14.8x2.6x
Thu, 13 Jul 2023AR$2.8tAR$1.0tAR$121.9b28.7x23.2x2.7x
Sat, 10 Jun 2023AR$2.5tAR$1.0tAR$121.9b27.5x20.7x2.4x
Mon, 08 May 2023AR$2.0tAR$1.0tAR$125.3b21.6x16.1x2x
Wed, 05 Apr 2023AR$1.7tAR$968.8bAR$117.8b17.3x14x1.7x
Fri, 03 Mar 2023AR$1.6tAR$594.6bAR$79.4b20.9x19.9x2.7x
Price to Earnings Ratio

19.9x


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 14.7x202420252026
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 12.0x which is lower than its 3-year average PE of 14.7x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 166% 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-2.50%
Utilities-4.81%
Renewable Energy-0.11%
Electric Utilities-4.57%
Gas Utilities-9.49%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 13.5x.
    • Analysts are expecting annual earnings growth of 33.5%, which is higher than its past year's earnings decline of 53.4% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 18.9x.
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
CEPU Central PuertoAR$2.36k3.3%
+AR$112.7b		57.9%PE13x
TRAN Compañía de Transporte de Energía Eléctrica en Alta Tensión TransenerAR$4.01k0.7%
+AR$12.2b		73.1%PE12.9x

Latest News

GBAN
AR$1,960.00
Naturgy BAN
7D
-11.7%
1Y
-5.3%
CEPU
AR$2,360.00
Central Puerto
7D
3.3%
1Y
57.9%

CEPU: Steady Fair Value Will Support Future Upside Potential

Analysts have kept their ARS 2,900 price target for Central Puerto broadly unchanged, citing only small tweaks in discount rate, revenue growth, profit margin and forward P/E assumptions that offset each other in their updated model. Valuation Changes Fair Value: ARS 2,900 remains unchanged in the updated model.
PAMP
AR$4,742.50
Pampa Energía
7D
-2.0%
1Y
25.6%

PAMP: Power And Gas Integration Will Drive Future Upside Potential

Analysts have held their ARS 7,400 price target for Pampa Energía, with the latest update reflecting slightly lower assumed revenue growth, a higher profit margin outlook, and a reduced discount rate that together support the same fair value under revised P/E expectations. Valuation Changes Fair Value: ARS 7,400 remains unchanged, indicating the overall target valuation is the same under the revised assumptions.
EDN
AR$2,007.00
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
7D
-3.6%
1Y
-7.3%
TRAN
AR$4,007.50
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener
7D
0.7%
1Y
73.1%
CGPA2
AR$2,160.00
Camuzzi Gas Pampeana
7D
-10.6%
1Y
-21.7%
DGCE
AR$1,945.00
Distribuidora de Gas del Centro
7D
-7.2%
1Y
-14.7%
CECO2
AR$393.50
Central Costanera
7D
-6.3%
1Y
-27.3%
ECOG
AR$2,900.00
Ecogas Inversiones
7D
-7.8%
1Y
-3.3%
METR
AR$1,959.00
MetroGAS
7D
-10.7%
1Y
-12.5%