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Brazilian (BOVESPA) Utilities Sector Analysis

UpdatedSep 10, 2026
DataAggregated Company Financials
Companies34
  • 7D-0.1%
  • 3M0.8%
  • 1Y14.2%
  • YTD2.2%

In the last week, Utilities has been flat. As for the the longer term, the industry is up 14% over the past 12 months. Earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 10 Sep 2026R$772.6bR$537.6bR$61.1b11.3x12.6x1.4x
Sat, 08 Aug 2026R$745.0bR$531.7bR$63.9b10.4x11.7x1.4x
Mon, 06 Jul 2026R$767.3bR$527.5bR$59.4b10.8x12.9x1.5x
Wed, 03 Jun 2026R$754.3bR$527.2bR$59.1b10.8x12.8x1.4x
Fri, 01 May 2026R$848.3bR$552.3bR$59.7b10.1x14.2x1.5x
Sun, 29 Mar 2026R$808.2bR$551.6bR$59.9b9.6x13.5x1.5x
Tue, 24 Feb 2026R$835.2bR$545.3bR$50.1b9x16.7x1.5x
Thu, 22 Jan 2026R$755.6bR$544.8bR$49.6b9.2x15.2x1.4x
Sat, 20 Dec 2025R$752.6bR$544.8bR$49.6b8.9x15.2x1.4x
Mon, 17 Nov 2025R$770.6bR$551.5bR$49.8b9.6x15.5x1.4x
Wed, 15 Oct 2025R$691.2bR$543.5bR$70.6b8.5x9.8x1.3x
Fri, 12 Sep 2025R$662.7bR$538.5bR$70.1b8.2x9.5x1.2x
Sun, 10 Aug 2025R$631.8bR$525.7bR$70.4b8.4x9x1.2x
Tue, 08 Jul 2025R$653.9bR$525.4bR$73.9b8.8x8.9x1.2x
Thu, 05 Jun 2025R$656.9bR$525.4bR$73.9b8.8x8.9x1.3x
Sat, 03 May 2025R$628.1bR$509.9bR$73.5b8x8.5x1.2x
Mon, 31 Mar 2025R$565.3bR$504.4bR$73.2b7.6x7.7x1.1x
Wed, 26 Feb 2025R$559.1bR$481.5bR$68.9b9.1x8.1x1.2x
Fri, 24 Jan 2025R$534.1bR$474.8bR$69.1b8.5x7.7x1.1x
Sun, 22 Dec 2024R$536.2bR$474.8bR$69.1b8.4x7.8x1.1x
Tue, 19 Nov 2024R$563.3bR$474.6bR$69.1b8.8x8.2x1.2x
Thu, 17 Oct 2024R$594.0bR$470.6bR$57.0b8.6x10.4x1.3x
Sat, 14 Sep 2024R$617.2bR$470.6bR$57.0b8.4x10.8x1.3x
Mon, 12 Aug 2024R$604.6bR$471.8bR$56.5b8.1x10.7x1.3x
Wed, 10 Jul 2024R$576.9bR$463.1bR$55.9b8x10.3x1.2x
Fri, 07 Jun 2024R$560.5bR$463.4bR$56.4b7.9x9.9x1.2x
Sun, 05 May 2024R$590.5bR$466.1bR$54.5b9.2x10.8x1.3x
Tue, 02 Apr 2024R$599.7bR$466.3bR$54.7b9.4x11x1.3x
Thu, 29 Feb 2024R$591.0bR$441.7bR$44.7b9.4x13.2x1.3x
Sat, 27 Jan 2024R$620.9bR$468.3bR$47.0b12x13.2x1.3x
Mon, 25 Dec 2023R$627.5bR$468.3bR$47.0b12.5x13.4x1.3x
Wed, 22 Nov 2023R$605.4bR$468.3bR$47.0b12x12.9x1.3x
Fri, 20 Oct 2023R$545.9bR$458.7bR$45.4b10.7x12x1.2x
Sun, 17 Sep 2023R$584.6bR$458.7bR$45.4b11.3x12.9x1.3x
Price to Earnings Ratio

12.9x


Total Market Cap: R$584.6bTotal Earnings: R$45.4bTotal Revenue: R$458.7bTotal 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 12.6x 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 1.4x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 10% per year over the last three years.
  • Revenues for these companies have grown 5.4% 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 Market0.038%
Utilities-0.15%
Water Utilities0.75%
Renewable Energy0.23%
Gas Utilities0%0
Electric Utilities-0.50%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 25.3x.
    • Analysts expect its future annual earnings growth (29.1%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Electric Utilities industry, which is trading close to its 3-year average of 10.5x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 10% 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
SBSP3 Companhia de Saneamento Básico do Estado de São Paulo - SABESPR$26.701.7%
+R$1.6b		8.9%PE11.6x
CPLE3 Companhia Paranaense de Energia - COPELR$15.981.3%
+R$593.9m		38.2%PE15x
EGIE3 Engie Brasil EnergiaR$30.731.2%
+R$524.1m		6.0%PE11x
AURE3 Auren EnergiaR$11.942.7%
+R$323.8m		12.1%PS0.9x
PASS3 Compass Gas e EnergiaR$23.800.8%
+R$142.8m		n/aPE14.8x

Latest News

AURE3
R$11.94
Auren Energia
7D
2.7%
1Y
12.1%
Analysis Article • Sep 09

New Forecasts: Here's What Analysts Think The Future Holds For Auren Energia S.A. (BVMF:AURE3)

Auren Energia S.A. ( BVMF:AURE3 ) shareholders will have a reason to smile today, with the analysts making substantial...
ENEV3
R$27.33
Eneva
7D
-1.1%
1Y
75.1%
Narrative Update • Sep 09

ENEV3: Higher Fair Value And Premium P/E Will Support Upside

Analysts have raised their fair value estimate for Eneva to R$36.00 from R$32.50, citing updated assumptions related to discount rates, revenue growth, margins and a higher future P/E multiple. What's in the News There are currently no recent public news items provided for Eneva in the supplied sources.
CPFE3
R$46.00
CPFL Energia
7D
-1.6%
1Y
19.9%
Narrative Update • Sep 09

CPFE3: Higher Margins And Income Profile Will Support Balanced Future Returns

Analysts have trimmed their price target on CPFL Energia to about R$49.52 from roughly R$50.79. This reflects updated assumptions that combine slightly weaker revenue expectations and a higher discount rate with firmer profit margins and a lower future P/E.
CPLE3
R$15.98
Companhia Paranaense de Energia - COPEL
7D
1.3%
1Y
38.2%
Narrative Update • Sep 08

CPLE3: Higher Margin Assumptions And 2026 Debenture Plans Will Guide Balanced Outlook

Analysts increased their fair value estimate for Companhia Paranaense de Energia, COPEL, from R$15.00 to R$17.00 as they adjusted their models to reflect updated profit margin assumptions and a revised future P/E of 37.47, while keeping the discount rate unchanged. What's in the News Companhia Paranaense de Energia (COPEL) has a Board Meeting scheduled for 5 August 2026 at 11:30 Coordinated Universal Time to consider interim financial statements for the second quarter of 2026.
EQTL3
R$38.81
Equatorial
7D
-0.3%
1Y
6.5%
Narrative Update • Sep 08

EQTL3: Higher Margin Outlook Will Support Steady 2026 Bullish View

Analysts have adjusted their price target for Equatorial to R$51.80 from R$50.67, linking the change to updated assumptions for slightly lower revenue growth, a higher discount rate, a firmer profit margin, and a modestly reduced future P/E. What’s in the News for Equatorial There are no recent Equatorial specific news items provided in the primary sources as of 8 Sep 2026.
TAEE11
R$40.87
Transmissora Aliança de Energia Elétrica
7D
-1.6%
1Y
17.3%
CSMG3
R$55.53
Companhia de Saneamento de Minas Gerais
7D
-2.4%
1Y
73.9%
Narrative Update • Sep 03

CSMG3: Higher Margin And P/E Assumptions Will Sustain Overvaluation Risk

Analysts have raised their fair value estimate for Companhia de Saneamento de Minas Gerais from about R$42.94 to roughly R$46.07, reflecting updated views on slightly higher profit margins and a modestly adjusted future P/E assumption. What’s in the News for Companhia de Saneamento de Minas Gerais Companhia de Saneamento de Minas Gerais has scheduled a Special and Extraordinary Shareholders Meeting for September 28, 2026.
AXIA3
R$55.08
AXIA Energia
7D
-1.2%
1Y
19.0%
Narrative Update • Aug 26

AXIA3: Share Redemption And Mergers Will Support A Stronger Future

Analysts have raised the AXIA Energia price target from R$53.96 to R$63.30, citing updated assumptions for revenue growth, profit margins, and a higher forward P/E multiple. What’s in the News for AXIA Energia The Board of Directors approved the redemption of 37,237,014 Class C Preferred Shares (PNC), equivalent to R$2,000 million and 6.14% of that share class, at R$53.71 per PNC share.
REDE3
R$5.57
Rede Energia Participações
7D
-1.1%
1Y
-12.7%
PASS3
R$23.80
Compass Gas e Energia
7D
0.8%
1Y
n/a
SBSP3
R$26.70
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
7D
1.7%
1Y
8.9%
EGIE3
R$30.73
Engie Brasil Energia
7D
1.2%
1Y
6.0%
Analysis Article • Aug 12

Engie Brasil Energia's (BVMF:EGIE3) Earnings Are Of Questionable Quality

Engie Brasil Energia S.A. ( BVMF:EGIE3 ) announced strong profits, but the stock was stagnant. Our analysis suggests...
ENGI11
R$50.46
Energisa
7D
-1.8%
1Y
11.7%