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Argentinian (MERVAL) Utilities Sector Analysis

UpdatedSep 12, 2026
DataAggregated Company Financials
Companies12
  • 7D1.7%
  • 3M-1.1%
  • 1Y58.3%
  • YTD-8.3%

In the last week, the Utilities industry is up 2.6%, with Pampa Energía up 5.0%. This means that the industry has gained 55% over the past year. Looking forward, earnings are forecast to decline by 1.0% per year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 12 Sep 2026AR$19.0tAR$14.6tAR$2.5t7.1x7.6x1.3x
Mon, 10 Aug 2026AR$18.3tAR$14.0tAR$2.6t6.9x7.1x1.3x
Wed, 08 Jul 2026AR$18.9tAR$13.6tAR$2.3t7.7x8.1x1.4x
Fri, 05 Jun 2026AR$18.0tAR$12.6tAR$2.2t7.8x8.2x1.4x
Sun, 03 May 2026AR$17.4tAR$12.0tAR$1.9t8.5x9.2x1.4x
Tue, 31 Mar 2026AR$17.5tAR$12.0tAR$1.9t8.9x9.3x1.5x
Thu, 26 Feb 2026AR$17.5tAR$10.1tAR$1.5t12.2x11.7x1.7x
Sat, 24 Jan 2026AR$18.9tAR$10.0tAR$1.5t12.4x12.5x1.9x
Mon, 22 Dec 2025AR$20.8tAR$10.0tAR$1.5t14.3x13.8x2.1x
Wed, 19 Nov 2025AR$19.2tAR$10.3tAR$1.5t12.1x13.1x1.9x
Fri, 17 Oct 2025AR$12.7tAR$9.7tAR$1.6t7.6x7.7x1.3x
Sun, 14 Sep 2025AR$11.4tAR$9.8tAR$1.7t6.4x6.8x1.2x
Tue, 12 Aug 2025AR$14.9tAR$9.6tAR$1.7t8.5x9x1.5x
Thu, 10 Jul 2025AR$13.8tAR$9.2tAR$1.6t8.1x8.9x1.5x
Sat, 07 Jun 2025AR$13.9tAR$8.9tAR$1.5t8.6x9.1x1.6x
Mon, 05 May 2025AR$12.6tAR$8.4tAR$1.6t12.2x7.9x1.5x
Wed, 02 Apr 2025AR$14.6tAR$7.9tAR$1.4t13.1x10.2x1.8x
Fri, 28 Feb 2025AR$14.8tAR$5.9tAR$1.3t13.9x11.6x2.5x
Sun, 26 Jan 2025AR$15.7tAR$5.4tAR$1.2t16.1x12.9x2.9x
Tue, 24 Dec 2024AR$15.9tAR$5.4tAR$1.2t19.1x13.1x2.9x
Thu, 21 Nov 2024AR$13.5tAR$5.5tAR$1.2t14.8x11.1x2.5x
Sat, 19 Oct 2024AR$10.6tAR$4.4tAR$941.3b22.8x11.3x2.4x
Mon, 16 Sep 2024AR$10.7tAR$4.4tAR$941.3b23.3x11.4x2.4x
Wed, 14 Aug 2024AR$9.4tAR$3.9tAR$817.1b16.9x11.5x2.4x
Fri, 12 Jul 2024AR$9.8tAR$3.6tAR$832.3b11.6x11.8x2.7x
Sun, 09 Jun 2024AR$8.6tAR$3.7tAR$813.1b10.1x10.5x2.3x
Tue, 07 May 2024AR$8.7tAR$2.5tAR$290.0b33x29.9x3.4x
Thu, 04 Apr 2024AR$7.8tAR$2.4tAR$330.9b25.2x23.5x3.3x
Sat, 02 Mar 2024AR$6.7tAR$1.5tAR$342.0b11.6x19.6x4.4x
Mon, 29 Jan 2024AR$9.3tAR$1.5tAR$342.0b16.4x27.1x6x
Wed, 27 Dec 2023AR$7.0tAR$1.5tAR$341.7b12.1x20.6x4.6x
Fri, 24 Nov 2023AR$5.3tAR$1.5tAR$362.3b24.7x14.6x3.5x
Sun, 22 Oct 2023AR$5.1tAR$1.2tAR$206.9b57.3x24.6x4.3x
Tue, 19 Sep 2023AR$3.8tAR$1.2tAR$211.2b33.6x17.9x3.1x
Price to Earnings Ratio

17.9x


Total Market Cap: AR$3.8tTotal Earnings: AR$211.2bTotal Revenue: AR$1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Argentinian Utilities Sector Price to Earnings3Y Average 12.8x202420252026
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 7.5x which is lower than its 3-year average PE of 12.8x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 128% per year over the last three years.
  • Revenues for these companies have grown 129% 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 Market2.73%
Utilities1.75%
Electric Utilities2.86%
Renewable Energy1.36%
Gas Utilities-0.60%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry even though it's trading below its 3-year average PE ratio of 14.7x.
    • 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 0.6% 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
PAMP Pampa EnergíaAR$5.53k3.0%
+AR$215.0b		57.3%PE8.6x
TRAN Compañía de Transporte de Energía Eléctrica en Alta Tensión TransenerAR$3.22k4.8%
+AR$65.6b		68.7%PE6x
CEPU Central PuertoAR$2.25k1.5%
+AR$49.5b		78.8%PE6.9x
EDN Empresa Distribuidora y Comercializadora Norte Sociedad AnónimaAR$1.95k0.8%
+AR$14.0b		56.6%PE7.7x
ECOG Ecogas InversionesAR$2.87k1.0%
+AR$6.9b		66.4%PE7.3x

Latest News

TRAN
AR$3,215.00
Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener
7D
4.8%
1Y
68.7%
PAMP
AR$5,525.00
Pampa Energía
7D
3.0%
1Y
57.3%
Narrative Update • Sep 03

PAMP: Higher Fair Value Will Reflect Easing Risk And Supportive Street Repricing

Analysts have raised the fair value estimate for Pampa Energía to ARS 6,500 from ARS 6,200, citing updated assumptions around revenue growth, profit margins, and a lower discount rate that are consistent with recent Street price target increases. What’s in the News for Pampa Energía No recent company specific news for Pampa Energía was available from the referenced news feeds as of 3 Sep 2026.
CGPA2
AR$1,730.00
Camuzzi Gas Pampeana
7D
-1.1%
1Y
5.8%
GBAN
AR$1,820.00
Naturgy BAN
7D
-0.5%
1Y
34.3%
EDN
AR$1,954.00
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
7D
0.8%
1Y
56.6%
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$1,565.00
Distribuidora de Gas Cuyana
7D
-2.8%
1Y
35.5%
CEPU
AR$2,253.00
Central Puerto
7D
1.5%
1Y
78.8%
EDSH
AR$2,950.00
EDESA Holding
7D
3.5%
1Y
n/a
METR
AR$2,374.00
MetroGAS
7D
-0.5%
1Y
87.2%
CECO2
AR$543.00
Central Costanera
7D
0.2%
1Y
76.9%