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Brazilian (BOVESPA) Electric Utilities Industry Analysis

UpdatedMay 26, 2026
DataAggregated Company Financials
Companies23
  • 7D0.7%
  • 3M-8.8%
  • 1Y12.8%
  • YTD2.9%

Over the last 7 days, the Electric Utilities industry has dropped 1.5%, driven by a pullback from CPFL Energia of 3.2%. In the past year, the industry has gained 14%. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

Has the Brazilian Electric Utilities Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 May 2026R$480.5bR$394.6bR$42.0b8.8x11.4x1.2x
Thu, 23 Apr 2026R$590.7bR$436.7bR$42.4b9.7x13.9x1.4x
Sat, 21 Mar 2026R$535.7bR$434.6bR$46.1b8.7x11.6x1.2x
Mon, 16 Feb 2026R$551.4bR$433.8bR$35.5b8.4x15.5x1.3x
Wed, 14 Jan 2026R$513.9bR$433.4bR$34.9b8.2x14.7x1.2x
Fri, 12 Dec 2025R$505.1bR$433.4bR$34.9b8.3x14.5x1.2x
Sun, 09 Nov 2025R$492.4bR$428.7bR$38.4b8.2x12.8x1.1x
Tue, 07 Oct 2025R$463.1bR$424.8bR$51.6b8x9x1.1x
Thu, 04 Sep 2025R$438.8bR$424.7bR$51.5b7.8x8.5x1x
Sat, 02 Aug 2025R$414.6bR$414.1bR$54.6b7.1x7.6x1x
Mon, 30 Jun 2025R$426.9bR$411.8bR$53.7b7.6x7.9x1x
Wed, 28 May 2025R$444.6bR$411.8bR$53.8b8x8.3x1.1x
Fri, 25 Apr 2025R$411.2bR$402.5bR$53.8b8.1x7.6x1x
Sun, 23 Mar 2025R$396.0bR$400.6bR$51.5b7.6x7.7x1x
Tue, 18 Feb 2025R$397.7bR$388.5bR$50.2b8.7x7.9x1x
Thu, 16 Jan 2025R$367.1bR$388.5bR$50.2b8.5x7.3x0.9x
Sat, 14 Dec 2024R$383.5bR$388.5bR$50.2b8.6x7.6x1x
Mon, 11 Nov 2024R$388.1bR$385.3bR$47.9b8.3x8.1x1x
Wed, 09 Oct 2024R$399.0bR$375.7bR$41.7b8x9.6x1.1x
Fri, 06 Sep 2024R$421.1bR$375.7bR$41.7b8.2x10.1x1.1x
Sun, 04 Aug 2024R$398.8bR$375.2bR$42.4b7.9x9.4x1.1x
Tue, 02 Jul 2024R$390.5bR$374.1bR$42.5b7.5x9.2x1x
Thu, 30 May 2024R$394.5bR$374.1bR$42.6b7.9x9.3x1.1x
Sat, 27 Apr 2024R$402.4bR$371.8bR$42.5b8.7x9.5x1.1x
Mon, 25 Mar 2024R$418.6bR$367.1bR$37.0b8.8x11.3x1.1x
Wed, 21 Feb 2024R$424.4bR$363.5bR$33.8b8.3x12.6x1.2x
Fri, 19 Jan 2024R$436.9bR$389.7bR$34.2b9.3x12.8x1.1x
Sun, 17 Dec 2023R$436.3bR$389.7bR$34.2b8.7x12.8x1.1x
Tue, 14 Nov 2023R$422.2bR$388.5bR$34.0b11.8x12.4x1.1x
Thu, 12 Oct 2023R$402.5bR$381.9bR$31.5b9.2x12.8x1.1x
Sat, 09 Sep 2023R$397.3bR$381.9bR$31.5b9.1x12.6x1x
Mon, 07 Aug 2023R$407.9bR$377.1bR$27.3b9.1x15x1.1x
Wed, 05 Jul 2023R$419.2bR$376.9bR$29.5b8.7x14.2x1.1x
Fri, 02 Jun 2023R$382.0bR$376.8bR$29.6b8.4x12.9x1x
Price to Earnings Ratio

12.9x


Total Market Cap: R$382.0bTotal Earnings: R$29.6bTotal Revenue: R$376.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Electric Utilities Industry Price to Earnings3Y Average 10.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the Brazilian Electric Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 10.8x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 12% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Brazilian Utilities industry?

BR Market1.93%
Utilities1.27%
Electric Utilities0.66%
Electric Utilities0.66%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
EQTL3 EquatorialR$38.501.8%
+R$854.9m		3.7%PE40.8x
EQPA3 Equatorial Pará Distribuidora de EnergiaR$6.104.8%
+R$618.5m		3.7%PE8.7x
CPLE3 Companhia Paranaense de Energia - COPELR$14.871.2%
+R$504.9m		27.2%PE16.4x
TAEE11 Transmissora Aliança de Energia ElétricaR$39.513.8%
+R$503.0m		8.2%PE8.7x
ENGI11 EnergisaR$48.952.8%
+R$462.2m		10.1%PE8.9x

Latest News

EQPA3
R$6.10
Equatorial Pará Distribuidora de Energia
7D
4.8%
1Y
3.7%
Analysis Article • May 24

Equatorial Pará Distribuidora de Energia's (BVMF:EQPA3) Weak Earnings May Only Reveal A Part Of The Whole Picture

Last week's earnings announcement from Equatorial Pará Distribuidora de Energia S.A. ( BVMF:EQPA3 ) was disappointing...
LIGT3
R$2.70
Light
7D
-35.4%
1Y
-59.6%
GEPA3
R$35.22
Rio Paranapanema Energia
7D
-7.3%
1Y
7.3%
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...
ENGI11
R$48.95
Energisa
7D
2.8%
1Y
10.1%
CPFE3
R$43.30
CPFL Energia
7D
-1.0%
1Y
5.0%
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.
EQTL3
R$38.50
Equatorial
7D
1.8%
1Y
3.7%
Analysis Article • May 21

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...
ALUP11
R$33.00
Alupar Investimento
7D
3.8%
1Y
5.8%
Narrative Update • May 21

ALUP11: Upcoming Meeting Will Support Bullish Outlook At Revised Fair Value

Analysts have nudged their price target for Alupar Investimento higher, with fair value moving from around R$40.26 to about R$40.83 as they update assumptions on discount rate, revenue growth, profit margins and future P/E. What's in the News Alupar Investimento has scheduled a Special and Extraordinary Shareholders Meeting for April 16, 2026, in São Paulo, Brazil, giving investors a key date to watch for governance and corporate decisions (Key Developments).
EQMA3B
R$30.99
Equatorial Maranhão Distribuidora de Energia
7D
-0.03%
1Y
24.0%
REDE3
R$5.83
Rede Energia Participações
7D
-4.4%
1Y
-12.3%
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...
TAEE11
R$39.51
Transmissora Aliança de Energia Elétrica
7D
3.8%
1Y
8.2%
CPLE3
R$14.87
Companhia Paranaense de Energia - COPEL
7D
1.2%
1Y
27.2%
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$7.36
Afluente Transmissão de Energia Elétrica
7D
2.4%
1Y
-5.0%
CEEB3
R$48.31
Companhia de Eletricidade do Estado da Bahia - COELBA
7D
0.2%
1Y
28.9%