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Belgian (BEL20) Energy Sector Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies5
  • 7D-2.7%
  • 3M16.7%
  • 1Y19.7%
  • YTD22.7%

Over the last 7 days, the Energy industry has dropped 2.7%, driven by Cmb.Tech declining 8.5%. In contrast, Fluxys Belgium has gained 8.0%. This takes the industry's 12 month performance to a gain of 20%. Earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

Has the Belgian Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Mar 2026€6.3b€2.4b€349.0m20x18.1x2.6x
Mon, 02 Feb 2026€5.9b€2.1b€345.9m17.5x17.2x2.9x
Wed, 31 Dec 2025€5.1b€2.1b€348.0m17x14.7x2.5x
Fri, 28 Nov 2025€5.4b€1.7b€351.9m16.3x15.3x3.1x
Sun, 26 Oct 2025€5.2b€1.9b€418.4m11.3x12.4x2.7x
Tue, 23 Sep 2025€5.2b€1.8b€420.9m10.9x12.3x2.8x
Thu, 21 Aug 2025€4.1b€1.9b€446.7m6.7x9.1x2.1x
Sat, 19 Jul 2025€4.3b€1.8b€599.7m4.3x7.2x2.4x
Mon, 16 Jun 2025€4.3b€1.8b€603.1m4.3x7.2x2.4x
Wed, 14 May 2025€4.4b€1.8b€1.0b4.1x4.3x2.4x
Fri, 11 Apr 2025€4.1b€1.8b€1.0b4.1x4x2.2x
Sun, 09 Mar 2025€4.2b€2.0b€992.4m6.2x4.2x2.1x
Tue, 04 Feb 2025€4.6b€2.1b€1.3b5.9x3.4x2.2x
Thu, 02 Jan 2025€4.3b€2.1b€1.3b6x3.2x2.1x
Sat, 30 Nov 2024€4.2b€2.0b€1.3b4.4x3.2x2.1x
Mon, 28 Oct 2024€4.9b€2.1b€1.3b4.1x3.8x2.3x
Wed, 25 Sep 2024€5.0b€2.1b€1.3b4.7x4x2.4x
Fri, 23 Aug 2024€5.1b€2.2b€1.2b6.9x4.1x2.3x
Sun, 21 Jul 2024€5.2b€2.3b€1.2b6.4x4.2x2.3x
Tue, 18 Jun 2024€5.3b€2.3b€1.2b6.1x4.2x2.3x
Thu, 16 May 2024€6.2b€2.2b€1.2b6.9x5.1x2.8x
Sat, 13 Apr 2024€5.5b€2.4b€951.5m6.4x5.8x2.3x
Mon, 11 Mar 2024€5.8b€2.7b€904.4m10.4x6.4x2.1x
Wed, 07 Feb 2024€5.9b€2.7b€918.3m10.7x6.4x2.2x
Fri, 05 Jan 2024€6.0b€2.8b€742.4m11.4x8x2.1x
Sun, 03 Dec 2023€6.0b€2.8b€747.3m10.9x8.1x2.2x
Tue, 31 Oct 2023€6.3b€2.7b€943.8m6.1x6.7x2.3x
Thu, 28 Sep 2023€6.4b€2.7b€952.4m6x6.7x2.4x
Sat, 26 Aug 2023€6.5b€2.6b€950.9m6.1x6.8x2.5x
Mon, 24 Jul 2023€5.3b€2.3b€774.9m7.1x6.8x2.3x
Wed, 21 Jun 2023€5.5b€2.4b€788.2m7.6x7x2.3x
Fri, 19 May 2023€5.6b€2.3b€772.2m7.6x7.3x2.4x
Sun, 16 Apr 2023€5.9b€2.1b€559.8m17.4x10.5x2.8x
Tue, 14 Mar 2023€5.8b€1.6b€256.8m21.4x22.6x3.6x
Price to Earnings Ratio

22.6x


Total Market Cap: €5.8bTotal Earnings: €256.8mTotal Revenue: €1.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Energy Sector Price to Earnings3Y Average 7.6x202420252026
Current Industry PE
  • Investors are optimistic on the Belgian Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 18.1x which is higher than its 3-year average PE of 7.6x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Belgian Energy sector?

BE Market-4.85%
Energy-2.71%
Oil and Gas-2.71%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 7.6x.
    • Analysts are expecting annual earnings growth of 14.2%, which is higher than its past year's earnings decline of 10.2% per year.
  • Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.6x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings decline of 10% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 14% 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
FLUX Fluxys Belgium€21.508.0%
+€112.4m
25.7%PE20x
EXM Exmar€10.542.3%
+€19.1m
-7.7%PE6.2x

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