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Brazilian (BOVESPA) Utilities Sector Analysis

UpdatedMay 05, 2026
DataAggregated Company Financials
Companies34
  • 7D-1.5%
  • 3M8.3%
  • 1Y36.4%
  • YTD13.6%

Over the last 7 days, the Utilities industry has dropped 2.5%, driven by a pullback from CPFL Energia of 7.3%. On the other hand Rio Paranapanema Energia is actually up 12%. In the past year, the industry has gained 36%. Earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 05 May 2026R$851.2bR$552.3bR$59.7b10.1x14.3x1.5x
Thu, 02 Apr 2026R$838.0bR$552.4bR$59.7b10.1x14x1.5x
Sat, 28 Feb 2026R$847.6bR$545.5bR$49.7b9.1x17.1x1.6x
Mon, 26 Jan 2026R$800.4bR$544.8bR$49.6b9.3x16.1x1.5x
Wed, 24 Dec 2025R$720.9bR$544.8bR$49.6b8.9x14.5x1.3x
Fri, 21 Nov 2025R$757.8bR$551.3bR$49.6b9.4x15.3x1.4x
Sun, 19 Oct 2025R$707.6bR$543.5bR$70.6b8.7x10x1.3x
Tue, 16 Sep 2025R$669.8bR$538.5bR$70.1b8.2x9.6x1.2x
Thu, 14 Aug 2025R$640.5bR$529.8bR$70.5b8.2x9.1x1.2x
Sat, 12 Jul 2025R$614.5bR$520.3bR$73.3b8.3x8.4x1.2x
Mon, 09 Jun 2025R$652.4bR$525.4bR$73.9b8.8x8.8x1.2x
Wed, 07 May 2025R$619.9bR$510.4bR$73.3b8x8.5x1.2x
Fri, 04 Apr 2025R$573.0bR$504.4bR$73.0b7.7x7.9x1.1x
Sun, 02 Mar 2025R$562.6bR$493.6bR$70.1b8.8x8x1.1x
Tue, 28 Jan 2025R$530.2bR$474.8bR$69.1b8.5x7.7x1.1x
Thu, 26 Dec 2024R$527.1bR$474.8bR$69.1b8.4x7.6x1.1x
Sat, 23 Nov 2024R$558.2bR$474.6bR$69.1b8.7x8.1x1.2x
Mon, 21 Oct 2024R$598.3bR$470.7bR$57.1b8.8x10.5x1.3x
Wed, 18 Sep 2024R$619.5bR$470.6bR$57.0b8.4x10.9x1.3x
Fri, 16 Aug 2024R$614.1bR$471.6bR$57.4b8x10.7x1.3x
Sun, 14 Jul 2024R$581.7bR$463.1bR$55.9b7.9x10.4x1.3x
Tue, 11 Jun 2024R$550.2bR$463.4bR$56.4b7.7x9.8x1.2x
Thu, 09 May 2024R$589.8bR$465.8bR$55.3b8.8x10.7x1.3x
Sat, 06 Apr 2024R$601.9bR$465.6bR$54.7b9.7x11x1.3x
Mon, 04 Mar 2024R$588.3bR$440.2bR$44.4b9.8x13.3x1.3x
Wed, 31 Jan 2024R$619.8bR$468.3bR$47.0b11.9x13.2x1.3x
Fri, 29 Dec 2023R$632.2bR$468.3bR$47.0b12.9x13.5x1.4x
Sun, 26 Nov 2023R$605.4bR$468.3bR$47.0b11.6x12.9x1.3x
Tue, 24 Oct 2023R$554.6bR$458.7bR$45.4b10.8x12.2x1.2x
Thu, 21 Sep 2023R$586.1bR$458.7bR$45.4b11.4x12.9x1.3x
Sat, 19 Aug 2023R$571.6bR$457.9bR$44.0b10.4x13x1.2x
Mon, 17 Jul 2023R$586.1bR$451.3bR$41.5b12.1x14.1x1.3x
Wed, 14 Jun 2023R$569.1bR$449.7bR$42.4b10.2x13.4x1.3x
Fri, 12 May 2023R$564.1bR$459.4bR$44.1b9.3x12.8x1.2x
Price to Earnings Ratio

12.8x


Total Market Cap: R$564.1bTotal Earnings: R$44.1bTotal Revenue: R$459.4bTotal 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 14.3x 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 1.6x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 6.3% 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-1.65%
Utilities-1.45%
Renewable Energy0.12%
Gas Utilities0%0
Water Utilities-1.46%
Electric Utilities-1.79%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 22.0x.
    • Analysts are expecting annual earnings growth of 30.8%, which is lower than the prior year's growth of 119.2% per year.
  • Investors are most pessimistic about the Water Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.1x.
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 119% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 9.6% 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
GEPA3 Rio Paranapanema EnergiaR$38.0011.8%
+R$377.7m		26.1%PE14.3x
ENEV3 EnevaR$27.230.6%
+R$287.4m		105.5%PE45.1x
REDE3 Rede Energia ParticipaçõesR$6.300.6%
+R$102.7m		-4.8%PE13.4x
SAPR11 Companhia de Saneamento do Paraná - SANEPARR$41.320.6%
+R$69.5m		38.8%PE6x
EGIE3 Engie Brasil EnergiaR$35.150.03%
+R$11.4m		20.8%PE15.5x

Latest News

EGIE3
R$35.15
Engie Brasil Energia
7D
0.03%
1Y
20.8%

EGIE3: Higher P/E And Modest Upgrade Will Balance Upside And Execution Risk

Analysts have nudged their price target for Engie Brasil Energia higher to about R$32.40 from roughly R$31.95, citing updated assumptions for revenue trends, profit margins and future P/E that align with a more constructive stance in recent research. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher price target as confirmation that their revenue and margin assumptions support a slightly richer P/E than before, which they see as justified by the updated research framework.
CPLE3
R$15.87
Companhia Paranaense de Energia - COPEL
7D
-1.6%
1Y
48.0%
SBSP3
R$32.84
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
7D
-1.7%
1Y
47.6%
ENGI11
R$52.48
Energisa
7D
-2.3%
1Y
29.0%
CPFE3
R$48.10
CPFL Energia
7D
-6.7%
1Y
26.6%
EQTL3
R$42.05
Equatorial
7D
-1.4%
1Y
17.4%

EQTL3: Fair Value View And 2026 Meeting Will Shape Profit Outlook

Analysts have raised their price target for Equatorial from R$47.32 to R$48.10, citing updated assumptions that include a different discount rate, a change in expected revenue contraction, a higher profit margin outlook and a lower future P/E multiple. What's in the News Equatorial S.A. has scheduled a Special and Extraordinary Shareholders Meeting for April 30, 2026, which may address corporate matters that affect governance or capital structure (Key Developments).
ENEV3
R$27.23
Eneva
7D
0.6%
1Y
105.5%
ALUP11
R$33.84
Alupar Investimento
7D
-3.4%
1Y
14.6%

ALUP11: Upcoming Meeting Will Support Bullish Outlook At Current Pricing

Analysts have adjusted their fair value estimate for Alupar Investimento slightly upward, from approximately R$40.24 to about R$40.26 per share. The revision reflects updated assumptions regarding the discount rate, long-term revenue growth, profit margin and future P/E.
TAEE11
R$41.50
Transmissora Aliança de Energia Elétrica
7D
-3.8%
1Y
17.9%
GEPA3
R$38.00
Rio Paranapanema Energia
7D
11.8%
1Y
26.1%
EQPA3
R$7.11
Equatorial Pará Distribuidora de Energia
7D
-2.5%
1Y
11.1%
SAPR11
R$41.32
Companhia de Saneamento do Paraná - SANEPAR
7D
0.6%
1Y
38.8%
REDE3
R$6.30
Rede Energia Participações
7D
0.6%
1Y
-4.8%