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Brazilian (BOVESPA) Utilities Sector Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies35
  • 7D2.8%
  • 3M13.6%
  • 1Y28.6%
  • YTD36.6%

Over the last 7 days, the Utilities industry has risen 2.8%, driven by gains in Companhia de Saneamento Básico do Estado de São Paulo - SABESP and Engie Brasil Energia of 2.8% and 7.3%, respectively. This means that the industry has gained 29% over the past year. Looking forward, 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
Wed, 12 Nov 2025R$746.2bR$548.8bR$57.3b9.1x13x1.4x
Fri, 10 Oct 2025R$685.8bR$543.5bR$70.6b8.3x9.7x1.3x
Sun, 07 Sep 2025R$655.9bR$538.5bR$70.0b8.5x9.4x1.2x
Tue, 05 Aug 2025R$603.6bR$522.6bR$74.2b8x8.1x1.2x
Thu, 03 Jul 2025R$653.3bR$525.4bR$73.9b8.7x8.8x1.2x
Sat, 31 May 2025R$662.2bR$525.4bR$73.9b8.7x9x1.3x
Mon, 28 Apr 2025R$623.4bR$509.6bR$73.6b8.2x8.5x1.2x
Wed, 26 Mar 2025R$569.8bR$502.5bR$70.8b7.7x8x1.1x
Fri, 21 Feb 2025R$564.4bR$478.6bR$69.0b8.6x8.2x1.2x
Sun, 19 Jan 2025R$530.1bR$474.8bR$69.1b8.5x7.7x1.1x
Tue, 17 Dec 2024R$541.3bR$474.8bR$69.1b8.6x7.8x1.1x
Thu, 14 Nov 2024R$558.1bR$471.0bR$66.7b8.8x8.4x1.2x
Sat, 12 Oct 2024R$585.5bR$470.6bR$57.0b8.6x10.3x1.2x
Mon, 09 Sep 2024R$619.8bR$470.6bR$57.0b8.4x10.9x1.3x
Wed, 07 Aug 2024R$584.7bR$470.0bR$56.2b8.1x10.4x1.2x
Fri, 05 Jul 2024R$571.2bR$463.1bR$55.9b8x10.2x1.2x
Sun, 02 Jun 2024R$549.0bR$463.1bR$55.9b8.1x9.8x1.2x
Tue, 30 Apr 2024R$573.6bR$465.9bR$54.6b9x10.5x1.2x
Thu, 28 Mar 2024R$586.7bR$451.2bR$53.9b9.1x10.9x1.3x
Sat, 24 Feb 2024R$586.9bR$441.2bR$44.7b9.7x13.1x1.3x
Mon, 22 Jan 2024R$619.3bR$468.3bR$47.0b12x13.2x1.3x
Wed, 20 Dec 2023R$626.5bR$468.3bR$47.0b12.6x13.3x1.3x
Fri, 17 Nov 2023R$607.6bR$468.3bR$47.0b12.2x12.9x1.3x
Sun, 15 Oct 2023R$560.0bR$458.7bR$45.4b10.8x12.3x1.2x
Tue, 12 Sep 2023R$570.2bR$458.7bR$45.4b11.1x12.6x1.2x
Thu, 10 Aug 2023R$573.2bR$451.7bR$40.5b9.9x14.1x1.3x
Sat, 08 Jul 2023R$592.7bR$451.3bR$42.2b10x14.1x1.3x
Mon, 05 Jun 2023R$551.5bR$449.7bR$42.5b10x13x1.2x
Wed, 03 May 2023R$547.2bR$456.8bR$45.9b9x11.9x1.2x
Fri, 31 Mar 2023R$541.0bR$456.5bR$47.0b8.8x11.5x1.2x
Sun, 26 Feb 2023R$537.4bR$463.0bR$54.2b8.7x9.9x1.2x
Tue, 24 Jan 2023R$561.8bR$461.9bR$51.5b8.4x10.9x1.2x
Thu, 22 Dec 2022R$566.1bR$461.9bR$51.5b8.4x11x1.2x
Sat, 19 Nov 2022R$601.0bR$459.9bR$52.8b8.5x11.4x1.3x
Price to Earnings Ratio

11.4x


Total Market Cap: R$601.0bTotal Earnings: R$52.8bTotal Revenue: R$459.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Utilities Sector Price to Earnings3Y Average 10.7x202320242025
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 13.0x which is higher than its 3-year average PE of 10.7x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 3.5% per year over the last three years.
  • Revenues for these companies have grown 6.0% 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 Market2.87%
Utilities2.78%
Renewable Energy4.68%
Electric Utilities2.79%
Water Utilities2.52%
Gas Utilities0%0
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 17.4x.
    • Analysts are expecting annual earnings growth of 39.7%, which is higher than its past year's earnings decline of 54.8% per year.
  • Investors are most pessimistic about the Water Utilities industry, which is trading below its 3-year average of 10.0x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 40% over the next 5 years.
  • This is better than its past earnings decline of 55% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings grow by 3.2% 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$137.663.0%
+R$2.8b		44.1%PE8.4x
EGIE3 Engie Brasil EnergiaR$43.775.8%
+R$2.0b		11.3%PE11.8x
CPFE3 CPFL EnergiaR$44.653.6%
+R$1.8b		37.3%PE9.5x
EQTL3 EquatorialR$39.123.6%
+R$1.7b		24.5%PE13.4x
ENEV3 EnevaR$19.293.1%
+R$1.1b		57.1%PS2.4x

Latest News

CPLE3
R$13.58
Companhia Paranaense de Energia - COPEL
7D
1.6%
1Y
63.0%
CPFE3
R$44.65
CPFL Energia
7D
3.6%
1Y
37.3%

Returns On Capital Are Showing Encouraging Signs At CPFL Energia (BVMF:CPFE3)

Nov 11
Returns On Capital Are Showing Encouraging Signs At CPFL Energia (BVMF:CPFE3)
ENGI3
R$14.15
Energisa
7D
-1.0%
1Y
18.2%
EGIE3
R$43.77
Engie Brasil Energia
7D
5.8%
1Y
11.3%
AURE3
R$11.53
Auren Energia
7D
3.8%
1Y
15.8%

AURE3: Future Outlook Will Reflect Improved Margins And Revenue Projections Balancing Risks

Analysts have raised their price target for Auren Energia from R$11.68 to R$11.91, citing improved profit margins and higher expected revenue growth as key factors supporting their updated outlook. Valuation Changes The Fair Value Estimate has increased slightly from R$11.68 to R$11.91.
TAEE11
R$42.44
Transmissora Aliança de Energia Elétrica
7D
7.5%
1Y
24.4%

Transmissora Aliança de Energia Elétrica S.A.'s (BVMF:TAEE11) Prospects Need A Boost To Lift Shares

Nov 02
Transmissora Aliança de Energia Elétrica S.A.'s (BVMF:TAEE11) Prospects Need A Boost To Lift Shares
EQPA3
R$5.63
Equatorial Pará Distribuidora de Energia
7D
-1.9%
1Y
-1.1%

Some Confidence Is Lacking In Equatorial Pará Distribuidora de Energia S.A.'s (BVMF:EQPA3) P/E

Oct 30
Some Confidence Is Lacking In Equatorial Pará Distribuidora de Energia S.A.'s (BVMF:EQPA3) P/E
ENEV3
R$19.29
Eneva
7D
3.1%
1Y
57.1%

Here's Why Eneva (BVMF:ENEV3) Has A Meaningful Debt Burden

Oct 25
Here's Why Eneva (BVMF:ENEV3) Has A Meaningful Debt Burden
EQTL3
R$39.12
Equatorial
7D
3.6%
1Y
24.5%

Equatorial S.A.'s (BVMF:EQTL3) Share Price Not Quite Adding Up

Oct 21
Equatorial S.A.'s (BVMF:EQTL3) Share Price Not Quite Adding Up
SBSP3
R$137.66
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
7D
3.0%
1Y
44.1%