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Belgian (BEL20) Utilities Sector Analysis

UpdatedJul 19, 2025
DataAggregated Company Financials
Companies2
  • 7D3.5%
  • 3M12.3%
  • 1Y10.1%
  • YTD30.5%

In the last week, the Utilities industry is up 3.5%, with Elia Group up 4.3%. Meanwhile, EnergyVision actually underperformed within the industry, shrinking 6.4% in the last week. This takes the industry's 12 month performance to a gain of 10%. Looking forward, earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Fri, 10 Feb 2023€9.4b€2.9b€308.5m30.6x30.6x3.2x
Sun, 08 Jan 2023€10.2b€2.9b€308.5m33.2x33.2x3.5x
Tue, 06 Dec 2022€10.1b€2.9b€308.5m32.8x32.8x3.4x
Thu, 03 Nov 2022€9.5b€2.9b€308.5m30.8x30.8x3.2x
Sat, 01 Oct 2022€8.8b€2.9b€308.5m28.7x28.7x3x
Mon, 29 Aug 2022€11.4b€2.9b€308.5m37x37x3.9x
Wed, 27 Jul 2022€10.2b€2.6b€276.0m37.1x37.1x4x
Price to Earnings Ratio

37.1x


Total Market Cap: €10.2bTotal Earnings: €276.0mTotal Revenue: €2.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Utilities Sector Price to Earnings3Y Average 23.6x202320242025
Current Industry PE
    There are only 2 companies 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 16% 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 Utilities sector?

BE Market0.74%
Utilities3.54%
Electric Utilities4.26%
Water Utilities0%0
Renewable Energy0%0
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 23.6x.
    • Analysts are expecting annual earnings growth of 16.4%, which is lower than the prior year's growth of 29.8% 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 23.6x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 16% over the next 5 years.
  • However this is lower than its past earnings growth rate of 30% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 16% 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
ELI Elia Group€100.404.3%
+€447.2m
10.1%PE26x