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Brazilian (BOVESPA) Electric Utilities Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies24
  • 7D5.7%
  • 3M16.0%
  • 1Y41.6%
  • YTD17.5%

Over the last 7 days, the Electric Utilities industry has risen 3.4%, driven by gains from Equatorial of 6.5%. In the last 12 months, the industry was up 39%. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026R$594.7bR$436.7bR$42.4b9.9x14x1.4x
Sun, 08 Mar 2026R$549.1bR$434.4bR$47.8b8.6x11.5x1.3x
Tue, 03 Feb 2026R$534.7bR$433.4bR$34.9b8.5x15.3x1.2x
Thu, 01 Jan 2026R$486.7bR$433.4bR$34.9b8.2x14x1.1x
Sat, 29 Nov 2025R$518.3bR$433.7bR$34.9b8.8x14.9x1.2x
Mon, 27 Oct 2025R$468.5bR$424.8bR$51.6b8x9.1x1.1x
Wed, 24 Sep 2025R$468.2bR$424.8bR$51.6b8.2x9.1x1.1x
Fri, 22 Aug 2025R$432.7bR$424.1bR$51.5b7.8x8.4x1x
Sun, 20 Jul 2025R$415.0bR$411.8bR$53.7b7.4x7.7x1x
Tue, 17 Jun 2025R$438.7bR$411.8bR$53.8b7.7x8.2x1.1x
Thu, 15 May 2025R$411.9bR$406.6bR$53.5b7.7x7.7x1x
Sat, 12 Apr 2025R$392.3bR$402.5bR$53.8b7.6x7.3x1x
Mon, 10 Mar 2025R$400.8bR$395.2bR$51.2b8x7.8x1x
Wed, 05 Feb 2025R$390.6bR$388.5bR$50.2b8.6x7.8x1x
Fri, 03 Jan 2025R$371.3bR$388.5bR$50.2b8.2x7.4x1x
Sun, 01 Dec 2024R$374.8bR$388.5bR$50.2b8.5x7.5x1x
Tue, 29 Oct 2024R$395.0bR$378.5bR$41.0b8.1x9.6x1x
Thu, 26 Sep 2024R$400.8bR$375.7bR$41.7b8x9.6x1.1x
Sat, 24 Aug 2024R$418.7bR$379.3bR$42.2b8x9.9x1.1x
Mon, 22 Jul 2024R$395.9bR$374.1bR$42.5b7.8x9.3x1.1x
Wed, 19 Jun 2024R$376.9bR$374.1bR$42.5b7.6x8.9x1x
Fri, 17 May 2024R$406.0bR$373.9bR$42.6b7.8x9.5x1.1x
Sun, 14 Apr 2024R$409.3bR$371.2bR$42.6b8.6x9.6x1.1x
Tue, 12 Mar 2024R$421.1bR$363.8bR$34.4b8.6x12.3x1.2x
Thu, 08 Feb 2024R$423.1bR$363.0bR$33.6b8.1x12.6x1.2x
Sat, 06 Jan 2024R$441.8bR$389.7bR$34.2b9.7x12.9x1.1x
Mon, 04 Dec 2023R$431.4bR$389.7bR$34.2b9x12.6x1.1x
Wed, 01 Nov 2023R$392.1bR$382.3bR$31.8b8.8x12.3x1x
Fri, 29 Sep 2023R$405.4bR$381.9bR$31.5b8.8x12.9x1.1x
Sun, 27 Aug 2023R$409.4bR$381.9bR$31.5b9.4x13x1.1x
Tue, 25 Jul 2023R$423.1bR$376.9bR$28.8b8.9x14.7x1.1x
Thu, 22 Jun 2023R$411.5bR$376.8bR$29.5b8.3x13.9x1.1x
Sat, 20 May 2023R$382.5bR$376.7bR$29.7b9.5x12.9x1x
Mon, 17 Apr 2023R$382.3bR$367.6bR$31.7b8.3x12.1x1x
Price to Earnings Ratio

12.1x


Total Market Cap: R$382.3bTotal Earnings: R$31.7bTotal Revenue: R$367.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Electric Utilities Industry Price to Earnings3Y Average 10.8x202420252026
Current Industry PE
  • Investors are optimistic on the Brazilian Electric Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 13.3x which is higher than its 3-year average PE of 10.8x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 10% per year over the last three years.
  • Revenues for these companies have grown 5.9% 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 industry?

BR Market3.52%
Utilities4.67%
Electric Utilities5.69%
Electric Utilities5.69%
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
CPFE3 CPFL EnergiaR$52.867.3%
+R$4.2b		40.2%PE11.1x
EQTL3 EquatorialR$43.808.1%
+R$4.2b		30.4%PE45.6x
CPLE3 Companhia Paranaense de Energia - COPELR$16.543.9%
+R$1.8b		71.8%PE18.4x
ENGI11 EnergisaR$56.486.1%
+R$1.1b		50.8%PE8.9x
TAEE11 Transmissora Aliança de Energia ElétricaR$44.904.8%
+R$713.1m		32.0%PE9.8x

Latest News

ALUP11
R$36.81
Alupar Investimento
7D
2.9%
1Y
28.7%
CPFE3
R$52.86
CPFL Energia
7D
7.3%
1Y
40.2%

CPFE3: Stable Assumptions Suggest Earnings Resilience Will Likely Keep Shares Fairly Valued

Analysts have updated their view on CPFL Energia with a revised R$ price target, reflecting the unchanged fair value estimate of R$46.62, alongside consistent discount rate, revenue growth and profit margin assumptions that remain aligned with recent research commentary. Analyst Commentary Recent Street research on banks with similar regional and income profiles highlights how modest changes in price targets can reflect shifts in expectations for earnings resilience, capital deployment and growth rather than dramatic changes in thesis.
CPLE3
R$16.54
Companhia Paranaense de Energia - COPEL
7D
3.9%
1Y
71.8%

Heavy Investment Plan And Auction Exposure Will Pressure Margins And Future Earnings

Catalysts About Companhia Paranaense de Energia (COPEL) Companhia Paranaense de Energia, COPEL, is an integrated Brazilian utility engaged in electricity generation, transmission, distribution and trading. What are the underlying business or industry changes driving this perspective?
EQPA3
R$6.99
Equatorial Pará Distribuidora de Energia
7D
2.9%
1Y
12.6%
TAEE11
R$44.90
Transmissora Aliança de Energia Elétrica
7D
4.8%
1Y
32.0%

TAEE11: Deeper Revenue Contraction Will Sustain Pressure On Future P/E

Analysts have trimmed their price target for Transmissora Aliança de Energia Elétrica slightly, from R$37.72 to R$37.63, reflecting updated assumptions around revenue, margins and future P/E levels. What's in the News An upcoming special and extraordinary shareholders meeting is scheduled for Feb 27, 2026, to be held exclusively remotely in Brazil.
ENGI11
R$56.48
Energisa
7D
6.1%
1Y
50.8%
EQTL3
R$43.80
Equatorial
7D
8.1%
1Y
30.4%

EQTL3: Higher Future P/E Assumptions Will Support Bullish Earnings Outlook

Analysts have slightly raised their price target for Equatorial to R$47.32 from R$47.25. They point to updated assumptions that now reflect a marginally higher discount rate, a softer revenue growth outlook, a lower profit margin and a higher future P/E multiple.
AFLT3
R$7.23
Afluente Transmissão de Energia Elétrica
7D
-1.5%
1Y
-1.0%
CEEB3
R$49.70
Companhia de Eletricidade do Estado da Bahia - COELBA
7D
3.4%
1Y
31.7%