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Brazilian (BOVESPA) Utilities Sector Analysis

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies34
  • 7D-0.9%
  • 3M-5.6%
  • 1Y22.7%
  • YTD4.5%

The Utilities industry has stayed flat over the last week. As for the the longer term, the industry is up 23% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 May 2026R$763.0bR$526.7bR$59.6b10.7x12.8x1.4x
Sat, 18 Apr 2026R$888.4bR$552.3bR$59.7b10.9x14.9x1.6x
Mon, 16 Mar 2026R$800.9bR$546.9bR$62.3b9.7x12.9x1.5x
Wed, 11 Feb 2026R$814.7bR$544.8bR$49.6b9x16.4x1.5x
Fri, 09 Jan 2026R$756.7bR$544.8bR$49.6b8.9x15.3x1.4x
Sun, 07 Dec 2025R$762.9bR$551.0bR$49.7b9.4x15.4x1.4x
Tue, 04 Nov 2025R$724.5bR$546.7bR$70.1b8.7x10.3x1.3x
Thu, 02 Oct 2025R$687.5bR$538.5bR$70.1b8.4x9.8x1.3x
Sat, 30 Aug 2025R$648.7bR$538.5bR$70.0b8.4x9.3x1.2x
Mon, 28 Jul 2025R$605.0bR$522.2bR$74.5b8.1x8.1x1.2x
Wed, 25 Jun 2025R$651.8bR$525.4bR$73.9b8.7x8.8x1.2x
Fri, 23 May 2025R$649.6bR$525.4bR$73.9b8.7x8.8x1.2x
Sun, 20 Apr 2025R$602.1bR$509.7bR$73.4b7.9x8.2x1.2x
Tue, 18 Mar 2025R$585.5bR$494.4bR$71.2b8.2x8.2x1.2x
Thu, 13 Feb 2025R$556.6bR$474.8bR$69.1b8.6x8.1x1.2x
Sat, 11 Jan 2025R$524.1bR$474.8bR$69.1b8.2x7.6x1.1x
Mon, 09 Dec 2024R$549.0bR$474.8bR$69.1b8.7x7.9x1.2x
Wed, 06 Nov 2024R$527.2bR$444.6bR$54.1b8.3x9.7x1.2x
Fri, 04 Oct 2024R$593.6bR$470.6bR$57.0b8.5x10.4x1.3x
Sun, 01 Sep 2024R$614.9bR$474.3bR$57.6b8.4x10.7x1.3x
Tue, 30 Jul 2024R$588.3bR$469.4bR$56.5b8.1x10.4x1.3x
Thu, 27 Jun 2024R$545.4bR$463.1bR$55.9b7.9x9.8x1.2x
Sat, 25 May 2024R$563.0bR$463.1bR$55.9b8.2x10.1x1.2x
Mon, 22 Apr 2024R$587.7bR$465.6bR$54.7b9x10.7x1.3x
Wed, 20 Mar 2024R$579.9bR$444.6bR$47.0b9x12.3x1.3x
Fri, 16 Feb 2024R$566.6bR$434.9bR$43.9b8.8x12.9x1.3x
Sun, 14 Jan 2024R$633.5bR$468.3bR$47.0b12.4x13.5x1.4x
Tue, 12 Dec 2023R$608.8bR$468.3bR$47.0b11.9x13x1.3x
Thu, 09 Nov 2023R$577.8bR$459.7bR$44.9b11.9x12.9x1.3x
Sat, 07 Oct 2023R$558.0bR$458.7bR$45.4b10.8x12.3x1.2x
Mon, 04 Sep 2023R$573.5bR$458.7bR$45.4b11x12.6x1.3x
Wed, 02 Aug 2023R$586.0bR$451.9bR$40.3b10.1x14.5x1.3x
Fri, 30 Jun 2023R$582.5bR$451.3bR$42.2b10x13.8x1.3x
Sun, 28 May 2023R$552.8bR$449.8bR$42.4b10.2x13x1.2x
Price to Earnings Ratio

13x


Total Market Cap: R$552.8bTotal Earnings: R$42.4bTotal Revenue: R$449.8bTotal 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 12.8x 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-0.69%
Utilities-0.95%
Gas Utilities0%0
Electric Utilities-0.75%
Water Utilities-1.31%
Renewable Energy-1.75%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 22.3x.
    • Analysts are expecting annual earnings growth of 32.5%, which is lower than the prior year's growth of 119.2% 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 33% over the next 5 years.
  • However this is lower than its past earnings growth rate of 119% 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
CPLE3 Companhia Paranaense de Energia - COPELR$15.121.3%
+R$564.3m		33.1%PE16.7x
CSMG3 Companhia de Saneamento de Minas GeraisR$52.801.1%
+R$208.5m		120.6%PE14.1x
PASS3 Compass Gas e EnergiaR$26.650.9%
+R$178.5m		n/aPE15.4x

Latest News

EQTL3
R$38.55
Equatorial
7D
-0.6%
1Y
6.7%
Analysis Article • 12h

There May Be Some Bright Spots In Equatorial's (BVMF:EQTL3) Earnings

Investors were disappointed with the weak earnings posted by Equatorial S.A. ( BVMF:EQTL3 ). Despite the soft profit...
SAPR11
R$38.09
Companhia de Saneamento do Paraná - SANEPAR
7D
-5.7%
1Y
20.9%
PASS3
R$26.65
Compass Gas e Energia
7D
0.9%
1Y
n/a
LIGT3
R$2.85
Light
7D
-27.8%
1Y
-56.2%
EQPA3
R$5.82
Equatorial Pará Distribuidora de Energia
7D
-7.5%
1Y
0.7%
REDE3
R$6.13
Rede Energia Participações
7D
-1.4%
1Y
-7.4%
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...
CPFE3
R$44.37
CPFL Energia
7D
-1.9%
1Y
10.7%
Analysis Article • May 17

CPFL Energia S.A. Just Beat Revenue By 8.4%: Here's What Analysts Think Will Happen Next

Shareholders might have noticed that CPFL Energia S.A. ( BVMF:CPFE3 ) filed its quarterly result this time last week...
ENEV3
R$25.21
Eneva
7D
-2.9%
1Y
79.4%
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.
CSMG3
R$52.80
Companhia de Saneamento de Minas Gerais
7D
1.1%
1Y
120.6%
SBSP3
R$29.15
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
7D
-1.3%
1Y
29.6%
CPLE3
R$15.12
Companhia Paranaense de Energia - COPEL
7D
1.3%
1Y
33.1%
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...