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Argentinian (MERVAL) Utilities Sector Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies12
  • 7D-4.5%
  • 3M48.4%
  • 1Y9.7%
  • YTD-4.6%

Over the last 7 days, the Utilities industry has dropped 4.6%, driven by a pullback from Pampa Energía of 6.9%. In contrast, Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener has gained 9.4%. In the past year, the industry has gained 9.5%. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026AR$19.1tAR$10.0tAR$1.5t13.2x12.6x1.9x
Tue, 09 Dec 2025AR$20.6tAR$10.0tAR$1.5t13.6x13.3x2.1x
Thu, 06 Nov 2025AR$19.5tAR$9.8tAR$1.7t11.4x11.7x2x
Sat, 04 Oct 2025AR$11.7tAR$9.7tAR$1.7t6.8x7.1x1.2x
Mon, 01 Sep 2025AR$12.3tAR$9.6tAR$1.6t6.4x7.6x1.3x
Wed, 30 Jul 2025AR$14.5tAR$9.2tAR$1.6t9x9.3x1.6x
Fri, 27 Jun 2025AR$12.8tAR$9.2tAR$1.6t7.8x8.2x1.4x
Sun, 25 May 2025AR$15.2tAR$8.9tAR$1.5t9.5x9.9x1.7x
Tue, 22 Apr 2025AR$13.1tAR$8.2tAR$1.5t12.2x8.5x1.6x
Thu, 20 Mar 2025AR$14.7tAR$7.7tAR$1.4t14x10.2x1.9x
Sat, 15 Feb 2025AR$15.9tAR$5.6tAR$1.2t18x12.9x2.8x
Mon, 13 Jan 2025AR$16.8tAR$5.4tAR$1.2t17.4x13.8x3.1x
Wed, 11 Dec 2024AR$15.4tAR$5.4tAR$1.2t17.8x12.7x2.9x
Fri, 08 Nov 2024AR$12.2tAR$4.1tAR$777.6b30.4x15.7x3x
Sun, 06 Oct 2024AR$10.5tAR$4.4tAR$941.3b21.5x11.2x2.4x
Tue, 03 Sep 2024AR$9.9tAR$4.4tAR$941.3b21.7x10.5x2.2x
Thu, 01 Aug 2024AR$8.7tAR$3.7tAR$836.7b27.5x10.4x2.3x
Sat, 29 Jun 2024AR$9.3tAR$3.6tAR$832.3b10.9x11.2x2.5x
Mon, 27 May 2024AR$8.6tAR$3.5tAR$744.1b10.4x11.5x2.4x
Wed, 24 Apr 2024AR$7.4tAR$2.4tAR$283.8b22.2x26x3.1x
Fri, 22 Mar 2024AR$7.6tAR$2.4tAR$330.9b23.7x23x3.2x
Sun, 18 Feb 2024AR$7.5tAR$1.5tAR$342.0b13.8x22x4.9x
Tue, 16 Jan 2024AR$8.8tAR$1.5tAR$342.0b19.6x25.6x5.7x
Thu, 14 Dec 2023AR$7.4tAR$1.5tAR$351.7b11.9x20.9x4.9x
Sat, 11 Nov 2023AR$3.8tAR$1.4tAR$314.9b40.3x12.1x2.7x
Mon, 09 Oct 2023AR$4.1tAR$1.2tAR$206.9b48x19.6x3.5x
Wed, 06 Sep 2023AR$4.0tAR$1.2tAR$179.7b32.6x22.2x3.3x
Fri, 04 Aug 2023AR$2.9tAR$1.0tAR$121.9b27.6x23.6x2.8x
Sun, 02 Jul 2023AR$2.8tAR$1.0tAR$121.9b30x23.2x2.7x
Tue, 30 May 2023AR$2.3tAR$1.0tAR$121.7b26.6x19.2x2.3x
Thu, 27 Apr 2023AR$2.0tAR$1.0tAR$123.1b22.5x16.4x2x
Sat, 25 Mar 2023AR$1.4tAR$959.5bAR$115.5b14.6x12.4x1.5x
Mon, 20 Feb 2023AR$1.6tAR$594.6bAR$79.4b22x20.8x2.8x
Wed, 18 Jan 2023AR$1.7tAR$594.6bAR$79.4b22.9x21.1x2.8x
Price to Earnings Ratio

21.1x


Total Market Cap: AR$1.7tTotal Earnings: AR$79.4bTotal Revenue: AR$594.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Utilities Sector Price to Earnings3Y Average 15.1x202420252026
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 15.1x.
  • 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-2.03%
Utilities-4.54%
Electric Utilities-4.08%
Renewable Energy-5.06%
Gas Utilities-5.11%
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 1.6%, 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 19.2x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 30% 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 growth to stay flat 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$3.80k9.4%
+AR$144.5b		33.9%PE12.2x
EDSH EDESA HoldingAR$200.00240.1%
+AR$3.2b		n/aPE0.08x

Latest News

CEPU
AR$2,565.00
Central Puerto
7D
-4.9%
1Y
41.3%

CEPU: Stable Assumptions And Margin Outlook Will Support Future Upside

Analysts have kept their price target for Central Puerto broadly unchanged at about $2,900. This reflects only marginal tweaks to discount rate, growth, margin and forward P/E assumptions rather than a shift in their overall view.
PAMP
AR$5,065.00
Pampa Energía
7D
-6.9%
1Y
11.8%

PAMP: Future Returns Will Reflect Integrated Power And Gas Monetization Potential

Analysts have raised their price target on Pampa Energía, increasing their fair value estimate from $5,016.50 to approximately $5,747.17. They cited updated expectations related to changes in power generation and the potential monetization of its gas upstream and integrated businesses.
TRAN
AR$3,795.00
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener
7D
9.4%
1Y
33.9%
EDSH
AR$200.00
EDESA Holding
7D
240.1%
1Y
n/a
EDN
AR$2,219.00
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
7D
-4.4%
1Y
-0.7%
CGPA2
AR$2,615.00
Camuzzi Gas Pampeana
7D
-7.6%
1Y
-24.7%
GBAN
AR$2,240.00
Naturgy BAN
7D
-4.5%
1Y
0.2%
CECO2
AR$456.00
Central Costanera
7D
-6.7%
1Y
-26.3%
ECOG
AR$3,170.00
Ecogas Inversiones
7D
-1.6%
1Y
n/a
METR
AR$2,349.00
MetroGAS
7D
-7.4%
1Y
-19.6%