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Belgian (BEL20) Utilities Sector Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies1
  • 7D-0.7%
  • 3M7.5%
  • 1Y20.3%
  • YTD37.9%

Over the last 7 days, the Utilities industry has remained flat. The past year has been better, since the industry has gained 20% in that time. As for the next few years, earnings are expected to grow by 16% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Nov 2025€11.4b€4.2b€509.3m22.3x22.3x2.7x
Tue, 14 Oct 2025€11.2b€4.2b€509.3m22.1x22.1x2.7x
Thu, 11 Sep 2025€10.4b€4.2b€509.3m20.3x20.3x2.5x
Sat, 09 Aug 2025€10.8b€4.2b€509.3m21.2x21.2x2.6x
Mon, 07 Jul 2025€10.7b€3.8b€421.3m25.4x25.4x2.8x
Wed, 04 Jun 2025€10.1b€3.8b€421.3m23.9x23.9x2.7x
Fri, 02 May 2025€10.4b€3.8b€421.3m24.8x24.8x2.8x
Sun, 30 Mar 2025€6.0b€3.8b€421.3m14.3x14.3x1.6x
Tue, 25 Feb 2025€4.9b€3.5b€343.5m14.1x14.1x1.4x
Thu, 23 Jan 2025€4.9b€3.5b€343.5m13.8x14.3x1.4x
Sat, 21 Dec 2024€5.4b€3.5b€343.5m15.7x15.7x1.5x
Mon, 18 Nov 2024€6.3b€3.5b€343.5m18.5x18.5x1.8x
Wed, 16 Oct 2024€7.1b€3.5b€343.5m20.6x20.6x2x
Fri, 13 Sep 2024€7.7b€3.5b€343.5m22.4x22.4x2.2x
Sun, 11 Aug 2024€7.0b€3.5b€343.5m20.4x20.4x2x
Tue, 09 Jul 2024€6.5b€3.8b€324.5m20.2x20.2x1.7x
Thu, 06 Jun 2024€7.2b€3.8b€324.5m22x22x1.9x
Sat, 04 May 2024€6.9b€3.8b€324.5m21.4x21.4x1.8x
Mon, 01 Apr 2024€7.3b€3.8b€324.5m22.7x22.7x1.9x
Wed, 28 Feb 2024€7.5b€4.1b€346.8m21.8x21.8x1.8x
Fri, 26 Jan 2024€8.0b€4.1b€346.8m23.1x23.1x2x
Sun, 24 Dec 2023€8.3b€4.1b€346.8m23.9x23.9x2x
Tue, 21 Nov 2023€7.5b€4.1b€346.8m21.7x21.7x1.8x
Thu, 19 Oct 2023€6.7b€4.1b€346.8m19.4x19.4x1.6x
Sat, 16 Sep 2023€7.8b€4.1b€346.8m22.5x22.5x1.9x
Mon, 14 Aug 2023€7.6b€4.1b€346.8m21.9x21.9x1.9x
Wed, 12 Jul 2023€8.0b€3.6b€341.7m23.5x23.5x2.2x
Fri, 09 Jun 2023€8.6b€3.6b€341.7m25.1x25.1x2.4x
Sun, 07 May 2023€9.3b€3.6b€341.7m27.1x27.1x2.6x
Tue, 04 Apr 2023€9.0b€3.6b€341.8m26.2x26.2x2.5x
Thu, 02 Mar 2023€8.9b€2.9b€308.5m28.7x28.7x3x
Sat, 28 Jan 2023€9.7b€2.9b€308.5m31.5x31.5x3.3x
Mon, 26 Dec 2022€9.9b€2.9b€308.5m32x32x3.4x
Wed, 23 Nov 2022€10.1b€2.9b€308.5m32.7x32.7x3.4x
Price to Earnings Ratio

32.7x


Total Market Cap: €10.1bTotal Earnings: €308.5mTotal Revenue: €2.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Utilities Sector Price to Earnings3Y Average 22.4x202320242025
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 12% 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 Market1.77%
Utilities-0.67%
Water Utilities0%0
Renewable Energy0%0
Electric Utilities-0.67%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry, which is trading close to its 3-year average PE ratio of 22.5x.
    • Analysts are expecting annual earnings growth of 16.2%, which is lower than the prior year's growth of 48.3% per year.
  • Investors are most pessimistic about the Electric Utilities industry, which is trading close to its 3-year average of 22.5x.
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 48% 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
No data available