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Belgian (BEL20) Oil and Gas Industry Analysis

UpdatedMar 29, 2026
DataAggregated Company Financials
Companies4
  • 7D3.1%
  • 3M20.1%
  • 1Y11.5%
  • YTD19.9%

Over the last 7 days, the Oil and Gas industry has risen 3.1%, driven by gains from every company within the industry. This takes the industry's 12 month performance to a gain of 11%. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 29 Mar 2026€6.2b€2.4b€280.5m19.6x22x2.6x
Tue, 24 Feb 2026€6.4b€2.1b€347.1m18.5x18.3x3.1x
Thu, 22 Jan 2026€5.6b€2.1b€349.5m17.5x16.2x2.7x
Sat, 20 Dec 2025€5.0b€2.1b€349.2m16x14.4x2.4x
Mon, 17 Nov 2025€5.2b€1.9b€418.7m11.7x12.5x2.8x
Wed, 15 Oct 2025€5.1b€1.9b€419.1m11x12.1x2.7x
Fri, 12 Sep 2025€5.2b€1.8b€422.7m11.2x12.3x2.8x
Sun, 10 Aug 2025€4.2b€1.8b€598.7m4.3x7.1x2.4x
Tue, 08 Jul 2025€4.4b€1.8b€595.3m4.6x7.4x2.5x
Thu, 05 Jun 2025€4.4b€1.8b€609.1m4.2x7.2x2.4x
Sat, 03 May 2025€4.6b€1.8b€1.0b4.1x4.6x2.5x
Mon, 31 Mar 2025€4.4b€2.0b€1.1b4x4.2x2.2x
Wed, 26 Feb 2025€4.4b€2.0b€1.3b6x3.3x2.1x
Fri, 24 Jan 2025€4.6b€2.1b€1.3b6x3.5x2.3x
Sun, 22 Dec 2024€4.1b€2.1b€1.3b6x3.1x2x
Tue, 19 Nov 2024€4.4b€2.0b€1.3b4.4x3.3x2.1x
Thu, 17 Oct 2024€5.2b€2.1b€1.3b4.9x4x2.4x
Sat, 14 Sep 2024€5.0b€2.1b€1.3b4.6x3.9x2.3x
Mon, 12 Aug 2024€5.2b€2.6b€1.2b6.5x4.2x2x
Wed, 10 Jul 2024€5.1b€2.3b€1.2b6.3x4.1x2.2x
Fri, 07 Jun 2024€5.5b€2.3b€1.2b6.3x4.4x2.4x
Sun, 05 May 2024€5.6b€2.4b€941.3m6.5x5.9x2.4x
Tue, 02 Apr 2024€5.6b€2.4b€944.2m6.6x5.9x2.4x
Thu, 29 Feb 2024€5.8b€2.7b€912.0m10.8x6.4x2.1x
Sat, 27 Jan 2024€5.9b€2.8b€748.6m11.3x7.9x2.1x
Mon, 25 Dec 2023€6.0b€2.8b€738.9m11.6x8.1x2.1x
Wed, 22 Nov 2023€6.0b€2.8b€744.2m10.9x8.1x2.2x
Fri, 20 Oct 2023€6.4b€2.7b€947.3m6.1x6.7x2.4x
Sun, 17 Sep 2023€6.1b€2.7b€946.7m5.4x6.4x2.3x
Tue, 15 Aug 2023€5.8b€2.5b€940.5m6x6.1x2.3x
Thu, 13 Jul 2023€5.4b€2.3b€774.1m7.6x7x2.3x
Sat, 10 Jun 2023€5.6b€2.4b€799.0m7.8x7x2.3x
Mon, 08 May 2023€5.6b€2.1b€558.8m15.8x10.1x2.7x
Wed, 05 Apr 2023€5.6b€2.1b€561.6m16x10x2.7x
Price to Earnings Ratio

10x


Total Market Cap: €5.6bTotal Earnings: €561.6mTotal Revenue: €2.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Oil and Gas Industry Price to Earnings3Y Average 7.5x202420252026
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 17.6x which is higher than its 3-year average PE of 7.5x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 14% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Belgian Energy industry?

BE Market0.56%
Energy3.10%
Oil and Gas3.10%
Oil and Gas Storage and Transportation3.49%
Oil and Gas Refining and Marketing0%0
Coal and Fuels0%0
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 6.7x.
    • 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 Storage and Transportation industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 6.7x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Storage and Transportation 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 Storage and Transportation 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
CMBT Cmb.Tech€11.022.4%
+€75.4m
26.4%PE22.8x
FLUX Fluxys Belgium€21.104.5%
+€63.2m
4.5%PE19.6x
EXM Exmar€10.406.0%
+€46.9m
-10.3%PE12.8x