Header cover image

Belgian (BEL20) Utilities Sector Analysis

UpdatedMar 08, 2026
DataAggregated Company Financials
Companies1
  • 7D-2.2%
  • 3M26.8%
  • 1Y74.5%
  • YTD17.6%

Over the last 7 days, the Utilities industry has dropped 2.2%, driven by pullbacks from every company within the industry. In the past year, the industry has gained 74%. Looking forward, earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Mar 2026€14.4b€4.4b€556.6m25.8x25.8x3.2x
Tue, 03 Feb 2026€13.3b€4.2b€509.3m26.2x26.2x3.2x
Thu, 01 Jan 2026€12.0b€4.2b€509.3m23.5x23.5x2.9x
Sat, 29 Nov 2025€11.4b€4.2b€509.3m22.3x22.3x2.7x
Mon, 27 Oct 2025€11.6b€4.2b€509.3m22.8x22.8x2.8x
Wed, 24 Sep 2025€10.7b€4.2b€509.3m21x21x2.6x
Fri, 22 Aug 2025€10.8b€4.2b€509.3m21.2x21.2x2.6x
Sun, 20 Jul 2025€11.7b€3.9b€431.4m48.2x27x3x
Tue, 17 Jun 2025€10.2b€3.8b€421.3m24.3x24.3x2.7x
Thu, 15 May 2025€9.7b€3.8b€421.3m23x23x2.6x
Sat, 12 Apr 2025€6.3b€3.8b€421.3m14.9x14.9x1.7x
Mon, 10 Mar 2025€5.6b€3.8b€421.3m13.2x13.2x1.5x
Wed, 05 Feb 2025€4.8b€3.5b€343.5m14.5x14x1.4x
Fri, 03 Jan 2025€5.5b€3.5b€343.5m16.1x16.1x1.6x
Sun, 01 Dec 2024€6.5b€3.5b€343.5m19x19x1.8x
Tue, 29 Oct 2024€6.9b€3.5b€343.5m20x20x1.9x
Thu, 26 Sep 2024€7.5b€3.5b€343.5m21.8x21.8x2.1x
Sat, 24 Aug 2024€7.0b€3.5b€343.5m20.5x20.5x2x
Mon, 22 Jul 2024€6.7b€3.8b€324.5m20.6x20.6x1.7x
Wed, 19 Jun 2024€6.7b€3.8b€324.5m20.8x20.8x1.8x
Fri, 17 May 2024€7.7b€3.8b€324.5m23.6x23.6x2x
Sun, 14 Apr 2024€7.0b€3.8b€324.5m21.5x21.5x1.8x
Tue, 12 Mar 2024€7.3b€3.8b€324.5m22.4x22.4x1.9x
Thu, 08 Feb 2024€7.9b€4.1b€346.8m22.7x22.7x1.9x
Sat, 06 Jan 2024€8.2b€4.1b€346.8m23.6x23.6x2x
Mon, 04 Dec 2023€7.3b€4.1b€346.8m21.1x21.1x1.8x
Wed, 01 Nov 2023€6.6b€4.1b€346.8m19x19x1.6x
Fri, 29 Sep 2023€6.7b€4.1b€346.8m19.4x19.4x1.6x
Sun, 27 Aug 2023€7.7b€4.1b€346.8m22.1x22.1x1.9x
Tue, 25 Jul 2023€8.4b€3.6b€341.7m24.5x24.5x2.3x
Thu, 22 Jun 2023€8.5b€3.6b€341.7m24.7x24.7x2.3x
Sat, 20 May 2023€8.6b€3.6b€341.7m25.3x25.3x2.4x
Mon, 17 Apr 2023€9.0b€3.6b€341.8m26.4x26.4x2.5x
Wed, 15 Mar 2023€8.4b€3.6b€341.8m24.7x24.7x2.3x
Price to Earnings Ratio

24.7x


Total Market Cap: €8.4bTotal Earnings: €341.8mTotal Revenue: €3.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Utilities Sector Price to Earnings3Y Average 21.7x202420252026
Current Industry PE
    There is only one company in the Belgian Utilities industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 7.1% 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 Utilities sector?

BE Market-4.85%
Utilities-2.15%
Water Utilities0%0
Renewable Energy0%0
Electric Utilities-2.15%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 21.7x.
    • Analysts are expecting annual earnings growth of 14.7%, which is lower than the prior year's growth of 32.1% per year.
  • Investors are most pessimistic about the Electric Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 21.7x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 32% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 15% 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
No data available

Latest News