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Belgian (BEL20) Oil and Gas Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies5
  • 7D-1.7%
  • 3M13.8%
  • 1Y-0.5%
  • YTD13.4%

Over the last 7 days, the Oil and Gas industry has dropped 1.7%, driven by Cmb.Tech declining 4.2%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

Has the Belgian Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026€5.8b€2.1b€346.7m17.8x16.8x2.8x
Wed, 07 Jan 2026€5.2b€2.1b€349.8m17.4x15x2.5x
Fri, 05 Dec 2025€5.4b€2.1b€350.5m16.5x15.5x2.6x
Sun, 02 Nov 2025€5.2b€1.9b€421.5m11.3x12.2x2.7x
Tue, 30 Sep 2025€5.3b€1.9b€415.6m11.5x12.6x2.8x
Thu, 28 Aug 2025€4.8b€1.9b€447.4m9.8x10.6x2.5x
Sat, 26 Jul 2025€4.3b€1.8b€594.2m4.5x7.3x2.4x
Mon, 23 Jun 2025€4.4b€1.8b€604.3m4.4x7.3x2.4x
Wed, 21 May 2025€4.4b€1.8b€1.0b4.1x4.4x2.4x
Fri, 18 Apr 2025€4.3b€1.8b€1.0b4.1x4.3x2.4x
Sun, 16 Mar 2025€4.2b€2.0b€989.4m6.2x4.3x2.2x
Tue, 11 Feb 2025€4.6b€2.1b€1.3b6x3.4x2.2x
Thu, 09 Jan 2025€4.4b€2.1b€1.3b6x3.3x2.1x
Sat, 07 Dec 2024€4.4b€2.0b€1.3b5.9x3.4x2.2x
Mon, 04 Nov 2024€4.6b€2.1b€1.3b4x3.6x2.2x
Wed, 02 Oct 2024€5.2b€2.1b€1.3b4.7x4.1x2.5x
Fri, 30 Aug 2024€5.0b€2.2b€1.2b7.1x4.1x2.3x
Sun, 28 Jul 2024€5.2b€2.3b€1.2b6.3x4.2x2.3x
Tue, 25 Jun 2024€5.2b€2.3b€1.2b6.2x4.2x2.3x
Thu, 23 May 2024€5.5b€2.3b€1.2b6.7x4.5x2.4x
Sat, 20 Apr 2024€5.5b€2.4b€951.2m6.4x5.8x2.3x
Mon, 18 Mar 2024€5.7b€2.7b€908.1m10.5x6.3x2.1x
Wed, 14 Feb 2024€5.8b€2.7b€921.9m10.3x6.3x2.1x
Fri, 12 Jan 2024€5.9b€2.8b€741.4m11.2x8x2.1x
Sun, 10 Dec 2023€6.1b€2.8b€754.2m11.1x8.1x2.2x
Tue, 07 Nov 2023€6.1b€2.7b€1.0b5.3x6x2.3x
Thu, 05 Oct 2023€6.1b€2.7b€952.2m5x6.4x2.3x
Sat, 02 Sep 2023€6.2b€2.6b€950.9m5.8x6.6x2.4x
Mon, 31 Jul 2023€5.4b€2.3b€781.2m7.5x6.9x2.3x
Wed, 28 Jun 2023€5.4b€2.4b€786.0m7.3x6.9x2.3x
Fri, 26 May 2023€5.6b€2.4b€798.6m7.7x7x2.3x
Sun, 23 Apr 2023€5.8b€2.1b€560.3m16.6x10.3x2.7x
Tue, 21 Mar 2023€5.6b€1.6b€257.1m20.8x21.8x3.5x
Thu, 16 Feb 2023€5.7b€1.6b€257.6m21.1x22.2x3.6x
Price to Earnings Ratio

22.2x


Total Market Cap: €5.7bTotal Earnings: €257.6mTotal Revenue: €1.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Oil and Gas Industry Price to Earnings3Y Average 7.8x202420252026
Current Industry PE
  • Investors are optimistic on the Belgian Oil and Gas industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 16.8x which is higher than its 3-year average PE of 7.8x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 9.1% 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 industry?

BE Market2.95%
Energy-1.68%
Oil and Gas-1.68%
Oil and Gas Refining and Marketing0%0
Coal and Fuels0%0
Oil and Gas Storage and Transportation-1.89%
Industry PE
  • Investors are most optimistic about the Oil and Gas Storage and Transportation industry which is trading above its 3-year average PE ratio of 7.0x.
    • Analysts are expecting annual earnings growth of 23.6%, which is higher than its past year's earnings decline of 10.2% per year.
  • Investors are most pessimistic about the Oil and Gas Storage and Transportation industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.0x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Storage and Transportation industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 10% per year.
  • In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings grow by 24% 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€19.152.1%
+€28.1m
11.0%PE17.8x
EXM Exmar€9.870.7%
+€5.6m
-14.2%PE6x

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