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Brazilian (BOVESPA) Utilities Sector Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies34
  • 7D-3.7%
  • 3M3.0%
  • 1Y35.2%
  • YTD7.2%

Over the last 7 days, the Utilities industry has dropped 3.7%, driven by a pullback from Companhia de Saneamento Básico do Estado de São Paulo - SABESP of 5.9%. On the other hand Ampla Energia e Serviços is actually up 6.4%. In the past year, the industry has gained 35%. Earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Mar 2026R$805.7bR$546.8bR$62.8b9.8x12.8x1.5x
Mon, 02 Feb 2026R$791.9bR$544.8bR$49.6b9.1x16x1.5x
Wed, 31 Dec 2025R$739.0bR$544.8bR$49.6b9x14.9x1.4x
Fri, 28 Nov 2025R$781.1bR$551.3bR$49.6b9.4x15.7x1.4x
Sun, 26 Oct 2025R$713.5bR$543.5bR$70.6b8.4x10.1x1.3x
Tue, 23 Sep 2025R$678.0bR$538.5bR$70.1b8.3x9.7x1.3x
Thu, 21 Aug 2025R$632.0bR$537.6bR$70.1b8.1x9x1.2x
Sat, 19 Jul 2025R$608.5bR$520.3bR$73.3b8.1x8.3x1.2x
Mon, 16 Jun 2025R$653.3bR$525.4bR$73.9b8.7x8.8x1.2x
Wed, 14 May 2025R$627.1bR$515.2bR$72.8b8.1x8.6x1.2x
Fri, 11 Apr 2025R$586.6bR$509.5bR$73.5b7.7x8x1.2x
Sun, 09 Mar 2025R$570.5bR$494.4bR$71.2b8x8x1.2x
Tue, 04 Feb 2025R$550.0bR$474.8bR$69.1b8.8x8x1.2x
Thu, 02 Jan 2025R$525.7bR$474.8bR$69.1b8.2x7.6x1.1x
Sat, 30 Nov 2024R$541.2bR$474.8bR$69.1b8.5x7.8x1.1x
Mon, 28 Oct 2024R$594.8bR$473.2bR$56.4b9.4x10.6x1.3x
Wed, 25 Sep 2024R$602.8bR$470.6bR$57.0b8.3x10.6x1.3x
Fri, 23 Aug 2024R$617.4bR$474.9bR$59.2b8.2x10.4x1.3x
Sun, 21 Jul 2024R$567.8bR$463.1bR$55.9b7.9x10.2x1.2x
Tue, 18 Jun 2024R$538.8bR$463.1bR$55.9b7.9x9.6x1.2x
Thu, 16 May 2024R$590.0bR$469.1bR$56.9b8.2x10.4x1.3x
Sat, 13 Apr 2024R$591.3bR$465.6bR$54.7b9.2x10.8x1.3x
Mon, 11 Mar 2024R$591.2bR$440.9bR$45.1b9.6x13.1x1.3x
Wed, 07 Feb 2024R$573.5bR$433.9bR$46.0b8.4x12.5x1.3x
Fri, 05 Jan 2024R$628.0bR$468.3bR$47.0b12.5x13.4x1.3x
Sun, 03 Dec 2023R$610.6bR$468.3bR$47.0b12.1x13x1.3x
Tue, 31 Oct 2023R$550.0bR$459.0bR$45.9b10.6x12x1.2x
Thu, 28 Sep 2023R$568.1bR$458.7bR$45.4b10.9x12.5x1.2x
Sat, 26 Aug 2023R$578.5bR$458.7bR$45.4b11x12.7x1.3x
Mon, 24 Jul 2023R$592.4bR$451.3bR$41.5b12.1x14.3x1.3x
Wed, 21 Jun 2023R$581.3bR$449.8bR$42.4b10.2x13.7x1.3x
Fri, 19 May 2023R$546.8bR$447.8bR$42.5b9.9x12.9x1.2x
Sun, 16 Apr 2023R$557.4bR$454.6bR$45.9b9.2x12.1x1.2x
Tue, 14 Mar 2023R$536.3bR$463.1bR$53.1b9.3x10.1x1.2x
Price to Earnings Ratio

10.1x


Total Market Cap: R$536.3bTotal Earnings: R$53.1bTotal Revenue: R$463.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Utilities Sector Price to Earnings3Y Average 11.2x202420252026
Current Industry PE
  • Investors are optimistic on the Brazilian Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 12.8x which is higher than its 3-year average PE of 11.2x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 5.8% per year over the last three years.
  • Revenues for these companies have grown 5.7% 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 Brazilian Utilities sector?

BR Market-4.96%
Utilities-3.67%
Gas Utilities0%0
Electric Utilities-2.96%
Renewable Energy-4.94%
Water Utilities-6.12%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 20.9x.
    • Analysts are expecting annual earnings growth of 32.9%, which is higher than its past year's earnings decline of 39.6% per year.
  • Investors are most pessimistic about the Electric Utilities industry, which is trading close to its 3-year average of 10.7x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings decline of 40% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 5.9% 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
CBEE3 Ampla Energia e ServiçosR$10.646.4%
+R$290.1m		n/aPS0.5x
GEPA3 Rio Paranapanema EnergiaR$33.805.4%
+R$163.4m		16.5%PE12.7x
AFLT3 Afluente Transmissão de Energia ElétricaR$7.320.1%
+R$630.8k		1.4%PE19.4x

Latest News

CSMG3
R$52.17
Companhia de Saneamento de Minas Gerais
7D
-4.6%
1Y
128.4%
CPFE3
R$47.40
CPFL Energia
7D
-5.9%
1Y
25.7%
GEPA3
R$33.80
Rio Paranapanema Energia
7D
5.4%
1Y
16.5%
CBEE3
R$10.64
Ampla Energia e Serviços
7D
6.4%
1Y
n/a
CPLE3
R$14.45
Companhia Paranaense de Energia - COPEL
7D
-1.4%
1Y
62.4%
EGIE3
R$32.13
Engie Brasil Energia
7D
-4.6%
1Y
19.1%

Transmission Expansion And Higher Renewable Availability Will Support A Stronger Long Term Outlook

Catalysts About Engie Brasil Energia Engie Brasil Energia is an energy company focused on electricity generation, transmission and gas transportation in Brazil, with a portfolio that includes hydro, wind and solar assets. What are the underlying business or industry changes driving this perspective?
EQTL3
R$40.47
Equatorial
7D
-3.9%
1Y
31.4%

EQTL3: Stable Fair Value And P/E Assumptions Will Sustain Bullish Thesis

Analysts kept their fair value estimate for Equatorial broadly unchanged at around R$47.10, with only small tweaks to the discount rate and assumed future P/E. This signals that their refreshed price target is primarily a fine tuning rather than a major reset in view of recent research updates.
ENEV3
R$20.09
Eneva
7D
-6.1%
1Y
65.6%

ENEV3: Higher Required Return And Governance Agenda Will Shape A Steady Outlook

Analysts have slightly increased their fair value price target for Eneva from R$23.90 to R$24.33, reflecting updated views on discount rate assumptions, revenue trends, profit margins and future P/E expectations. What's in the News Eneva has scheduled a Special and Extraordinary Shareholders Meeting for February 5, 2026.
SBSP3
R$144.76
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
7D
-5.9%
1Y
55.0%

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (BVMF:SBSP3) Is Doing The Right Things To Multiply Its Share Price

Feb 14
Companhia de Saneamento Básico do Estado de São Paulo - SABESP (BVMF:SBSP3) Is Doing The Right Things To Multiply Its Share Price
SAPR11
R$40.63
Companhia de Saneamento do Paraná - SANEPAR
7D
-9.9%
1Y
44.3%

Is Companhia de Saneamento do Paraná - SANEPAR (BVMF:SAPR11) A Risky Investment?

Feb 05
Is Companhia de Saneamento do Paraná - SANEPAR (BVMF:SAPR11) A Risky Investment?
AFLT3
R$7.32
Afluente Transmissão de Energia Elétrica
7D
0.1%
1Y
1.4%