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Brazilian (BOVESPA) Utilities Sector Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies34
  • 7D-0.6%
  • 3M-7.7%
  • 1Y17.7%
  • YTD2.3%

Last week, the Utilities industry hasn't moved much but Ampla Energia e Serviços is up 57% in that time. As for the the longer term, the industry is up 18% over the past 12 months. Earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Jun 2026R$752.0bR$527.2bR$59.1b11x12.7x1.4x
Thu, 30 Apr 2026R$848.3bR$552.3bR$59.7b10.5x14.2x1.5x
Sat, 28 Mar 2026R$808.2bR$551.6bR$59.9b9.6x13.5x1.5x
Mon, 23 Feb 2026R$835.2bR$545.3bR$50.1b9x16.7x1.5x
Wed, 21 Jan 2026R$747.1bR$544.8bR$49.6b9.1x15.1x1.4x
Fri, 19 Dec 2025R$749.8bR$544.8bR$49.6b8.9x15.1x1.4x
Sun, 16 Nov 2025R$770.6bR$550.5bR$49.8b9.6x15.5x1.4x
Tue, 14 Oct 2025R$690.3bR$543.5bR$70.6b8.4x9.8x1.3x
Thu, 11 Sep 2025R$657.5bR$538.5bR$70.1b8.4x9.4x1.2x
Sat, 09 Aug 2025R$631.8bR$524.9bR$71.2b7.8x8.9x1.2x
Mon, 07 Jul 2025R$664.8bR$525.4bR$73.9b8.9x9x1.3x
Wed, 04 Jun 2025R$660.7bR$525.4bR$73.9b8.9x8.9x1.3x
Fri, 02 May 2025R$628.1bR$509.6bR$73.6b8.1x8.5x1.2x
Sun, 30 Mar 2025R$565.3bR$504.4bR$73.2b7.6x7.7x1.1x
Tue, 25 Feb 2025R$566.0bR$479.2bR$69.2b8.9x8.2x1.2x
Thu, 23 Jan 2025R$533.4bR$474.8bR$69.1b8.5x7.7x1.1x
Sat, 21 Dec 2024R$532.2bR$474.8bR$69.1b8.4x7.7x1.1x
Mon, 18 Nov 2024R$563.3bR$474.5bR$69.1b8.8x8.1x1.2x
Wed, 16 Oct 2024R$593.4bR$470.6bR$57.0b8.5x10.4x1.3x
Fri, 13 Sep 2024R$613.0bR$470.6bR$57.0b8.4x10.8x1.3x
Sun, 11 Aug 2024R$604.4bR$470.3bR$56.5b8.1x10.7x1.3x
Tue, 09 Jul 2024R$569.0bR$463.1bR$55.9b7.9x10.2x1.2x
Thu, 06 Jun 2024R$558.1bR$463.4bR$56.4b7.9x9.9x1.2x
Sat, 04 May 2024R$589.7bR$466.1bR$54.5b9.2x10.8x1.3x
Mon, 01 Apr 2024R$603.7bR$466.3bR$54.7b9.4x11x1.3x
Wed, 28 Feb 2024R$586.5bR$441.7bR$44.7b9.5x13.1x1.3x
Fri, 26 Jan 2024R$619.5bR$468.3bR$47.0b12.1x13.2x1.3x
Sun, 24 Dec 2023R$627.5bR$468.3bR$47.0b12.5x13.4x1.3x
Tue, 21 Nov 2023R$606.1bR$468.3bR$47.0b12.2x12.9x1.3x
Thu, 19 Oct 2023R$545.9bR$458.7bR$45.4b10.6x12x1.2x
Sat, 16 Sep 2023R$583.4bR$458.7bR$45.4b11.3x12.8x1.3x
Mon, 14 Aug 2023R$580.2bR$458.8bR$43.3b10x13.4x1.3x
Wed, 12 Jul 2023R$590.2bR$451.3bR$41.5b12.2x14.2x1.3x
Fri, 09 Jun 2023R$561.1bR$449.7bR$42.4b10.1x13.2x1.2x
Price to Earnings Ratio

13.2x


Total Market Cap: R$561.1bTotal Earnings: R$42.4bTotal Revenue: R$449.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Utilities Sector Price to Earnings3Y Average 11.3x202420252026
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 12.7x which is higher than its 3-year average PE of 11.3x.
  • 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 12% 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 Market-0.83%
Utilities-0.59%
Renewable Energy1.90%
Gas Utilities0%0
Water Utilities-1.15%
Electric Utilities-1.31%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 22.7x.
    • Analysts are expecting annual earnings growth of 31.1%, which is lower than the prior year's growth of 71.1% per year.
  • Investors are most pessimistic about the Electric Utilities industry, which is trading close to its 3-year average of 10.8x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 31% over the next 5 years.
  • However this is lower than its past earnings growth rate of 71% per year.
  • 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
CEGR3 Companhia Distribuidora de Gás do Rio de Janeiro - CEGR$39.0019.3%
+R$1.6b		n/aPE14.4x
CBEE3 Ampla Energia e ServiçosR$13.9516.7%
+R$906.4m		64.3%PE124.5x
EGIE3 Engie Brasil EnergiaR$32.801.7%
+R$628.3m		11.2%PE14.6x
EQMA3B Equatorial Maranhão Distribuidora de EnergiaR$30.693.7%
+R$179.0m		13.7%PE5.7x
REDE3 Rede Energia ParticipaçõesR$5.880.5%
+R$77.0m		-11.7%PE13.3x

Latest News

SBSP3
R$27.28
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
7D
-5.2%
1Y
21.2%
AURE3
R$12.06
Auren Energia
7D
-3.5%
1Y
20.5%
Narrative Update • May 31

AURE3: Future Returns Will Likely Balance Margin Upside And Lower P/E Multiple

Analysts have maintained their R$12.00 price target for Auren Energia. The latest update reflects slightly different views on discount rate, revenue trends, profit margin and future P/E, which offset each other overall.
CEGR3
R$39.00
Companhia Distribuidora de Gás do Rio de Janeiro - CEG
7D
19.3%
1Y
n/a
CSMG3
R$52.20
Companhia de Saneamento de Minas Gerais
7D
-2.0%
1Y
118.0%
CBEE3
R$13.95
Ampla Energia e Serviços
7D
16.7%
1Y
64.3%
EGIE3
R$32.80
Engie Brasil Energia
7D
1.7%
1Y
11.2%
Narrative Update • May 24

EGIE3: Higher P/E And Upbeat Research Will Shape Balanced Risk Reward

Analysts have raised their price target on Engie Brasil Energia to around R$34 from about R$32, citing updated assumptions on fair value, discount rate, revenue trends and future P/E, alongside recent upbeat research. Analyst Commentary Bullish Takeaways Bullish analysts see the revised fair value assumptions as supportive of the new R$34 price target, suggesting the stock’s valuation is more in line with their updated revenue and P/E inputs.
GEPA3
R$36.00
Rio Paranapanema Energia
7D
2.2%
1Y
0%
Analysis Article • May 23

Rio Paranapanema Energia's (BVMF:GEPA3) Weak Earnings May Only Reveal A Part Of The Whole Picture

A lackluster earnings announcement from Rio Paranapanema Energia S.A. ( BVMF:GEPA3 ) last week didn't sink the stock...
CPFE3
R$42.85
CPFL Energia
7D
-1.7%
1Y
4.2%
Narrative Update • May 22

CPFE3: Higher Margins And Discount Rate Assumptions Will Support Upside Potential

Analysts have lifted their fair value estimate for CPFL Energia from R$47.84 to R$50.71, citing updated assumptions around discount rates, revenue trends, profit margins, and future P/E levels. Analyst Commentary Recent research on CPFL Energia reflects a mix of optimism and caution around how current assumptions feed into the higher fair value estimate.
SAPR11
R$36.72
Companhia de Saneamento do Paraná - SANEPAR
7D
-3.4%
1Y
10.7%
PASS3
R$26.38
Compass Gas e Energia
7D
-1.8%
1Y
n/a
EQMA3B
R$30.69
Equatorial Maranhão Distribuidora de Energia
7D
3.7%
1Y
13.7%
REDE3
R$5.88
Rede Energia Participações
7D
0.5%
1Y
-11.7%
Analysis Article • May 18

Rede Energia Participações' (BVMF:REDE3) Shareholders Have More To Worry About Than Only Soft Earnings

The subdued market reaction suggests that Rede Energia Participações S.A.'s ( BVMF:REDE3 ) recent earnings didn't...
ENEV3
R$24.88
Eneva
7D
-0.7%
1Y
76.5%
Narrative Update • May 15

ENEV3: Improved Margins And P E Reset Will Support Bullish Outlook

Analysts have lifted Eneva's fair value estimate from R$28.02 to R$29.26, citing updated assumptions for a smaller revenue decline, a slightly lower discount rate, a higher profit margin, and a lower future P/E multiple. Valuation Changes Fair Value: R$29.26, up from R$28.02, reflecting the combined impact of the updated assumptions.
CPLE3
R$14.41
Companhia Paranaense de Energia - COPEL
7D
-2.5%
1Y
24.4%
Analysis Article • May 07

Analysts Have Just Cut Their Companhia Paranaense de Energia - COPEL (BVMF:CPLE3) Revenue Estimates By 2.9%

Today is shaping up negative for Companhia Paranaense de Energia - COPEL ( BVMF:CPLE3 ) shareholders, with the analysts...
AFLT3
R$7.62
Afluente Transmissão de Energia Elétrica
7D
5.2%
1Y
3.0%