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Brazilian (BOVESPA) Electric Utilities Industry Analysis

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies24
  • 7D0.4%
  • 3M8.1%
  • 1Y35.5%
  • YTD1.2%

Over the last 7 days, the Electric Utilities industry has dropped 1.4%, driven by Companhia Paranaense de Energia - COPEL declining 7.3%. On the other hand Ampla Energia e Serviços is actually up 9.8%. In the past year, the industry has gained 33%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 09 Jan 2026R$507.4bR$433.4bR$34.9b8.2x14.6x1.2x
Sun, 07 Dec 2025R$505.5bR$433.4bR$34.9b8.3x14.5x1.2x
Tue, 04 Nov 2025R$478.6bR$428.0bR$51.1b8.2x9.4x1.1x
Thu, 02 Oct 2025R$469.5bR$424.8bR$51.6b8.1x9.1x1.1x
Sat, 30 Aug 2025R$444.2bR$424.7bR$51.5b7.7x8.6x1x
Mon, 28 Jul 2025R$413.9bR$413.7bR$55.0b7.4x7.5x1x
Wed, 25 Jun 2025R$430.8bR$411.8bR$53.7b7.6x8x1x
Fri, 23 May 2025R$433.0bR$411.8bR$53.8b7.9x8.1x1.1x
Sun, 20 Apr 2025R$398.5bR$402.5bR$53.8b7.8x7.4x1x
Tue, 18 Mar 2025R$411.1bR$395.2bR$51.2b8.2x8x1x
Thu, 13 Feb 2025R$390.3bR$388.5bR$50.2b8.6x7.8x1x
Sat, 11 Jan 2025R$370.9bR$388.5bR$50.2b8.2x7.4x1x
Mon, 09 Dec 2024R$385.4bR$388.5bR$50.2b8.7x7.7x1x
Wed, 06 Nov 2024R$397.9bR$379.5bR$41.7b8.2x9.5x1x
Fri, 04 Oct 2024R$397.3bR$375.7bR$41.7b8x9.5x1.1x
Sun, 01 Sep 2024R$415.0bR$379.3bR$42.2b7.9x9.8x1.1x
Tue, 30 Jul 2024R$398.7bR$374.9bR$42.5b7.8x9.4x1.1x
Thu, 27 Jun 2024R$380.0bR$374.1bR$42.5b7.5x8.9x1x
Sat, 25 May 2024R$397.9bR$374.1bR$42.6b8x9.3x1.1x
Mon, 22 Apr 2024R$404.7bR$371.2bR$42.6b8.1x9.5x1.1x
Wed, 20 Mar 2024R$415.0bR$367.1bR$36.3b8.7x11.4x1.1x
Fri, 16 Feb 2024R$416.5bR$363.5bR$33.8b8.1x12.3x1.1x
Sun, 14 Jan 2024R$448.0bR$389.7bR$34.2b9.8x13.1x1.1x
Tue, 12 Dec 2023R$431.0bR$389.7bR$34.2b9x12.6x1.1x
Thu, 09 Nov 2023R$411.2bR$382.2bR$31.8b9x12.9x1.1x
Sat, 07 Oct 2023R$394.0bR$381.9bR$31.5b8.9x12.5x1x
Mon, 04 Sep 2023R$405.4bR$381.9bR$31.5b8.9x12.9x1.1x
Wed, 02 Aug 2023R$415.4bR$377.2bR$27.6b9.1x15.1x1.1x
Fri, 30 Jun 2023R$412.3bR$376.9bR$29.5b8.5x14x1.1x
Sun, 28 May 2023R$386.8bR$376.9bR$29.6b8.4x13.1x1x
Tue, 25 Apr 2023R$380.0bR$367.6bR$31.7b8.4x12x1x
Thu, 23 Mar 2023R$350.2bR$370.7bR$38.0b8.2x9.2x0.9x
Sat, 18 Feb 2023R$374.0bR$379.6bR$40.5b7.4x9.2x1x
Mon, 16 Jan 2023R$391.0bR$380.2bR$40.3b7.3x9.7x1x
Price to Earnings Ratio

9.7x


Total Market Cap: R$391.0bTotal Earnings: R$40.3bTotal Revenue: R$380.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Electric Utilities Industry Price to Earnings3Y Average 10.4x202420252026
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 14.9x which is higher than its 3-year average PE of 10.4x.
  • 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 declined 4.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

BR Market0.18%
Utilities-1.55%
Electric Utilities0.37%
Electric Utilities0.37%
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$54.031.4%
+R$852.7m		69.1%PE11.4x
EQPA3 Equatorial Pará Distribuidora de EnergiaR$6.183.2%
+R$419.7m		14.2%PE8.3x
EQTL3 EquatorialR$38.800.8%
+R$377.5m		42.5%PE14.5x
CBEE3 Ampla Energia e ServiçosR$10.989.7%
+R$368.6m		4.7%PE7.2x
GEPA3 Rio Paranapanema EnergiaR$32.508.3%
+R$236.1m		12.1%PE6.9x

Latest News

CPLE3
R$12.38
Companhia Paranaense de Energia - COPEL
7D
-5.4%
1Y
53.4%
ALUP11
R$31.69
Alupar Investimento
7D
-0.2%
1Y
22.7%
TAEE11
R$40.54
Transmissora Aliança de Energia Elétrica
7D
-3.7%
1Y
23.0%

TAEE11: Persistent Revenue Contraction Will Sustain Pressure On Future Earnings Multiple

Analysts have trimmed their price targets for Transmissora Aliança de Energia Elétrica slightly, reflecting a small adjustment to margin expectations and a marginally higher assumed forward P/E multiple, while keeping fair value broadly in line with prior estimates. What's in the News Transmissora Aliança de Energia Elétrica S.A. has called a Special and Extraordinary Shareholders Meeting for Dec 15, 2025, scheduled at 13:00 Coordinated Universal Time.
EQTL3
R$38.80
Equatorial
7D
0.8%
1Y
42.5%
CEEB3
R$44.95
Companhia de Eletricidade do Estado da Bahia - COELBA
7D
-1.1%
1Y
18.3%
CPFE3
R$54.03
CPFL Energia
7D
1.4%
1Y
69.1%

CPFE3: Stable Assumptions Will Likely Sustain Excessive Earnings Multiple

Analysts have modestly raised their price target on CPFL Energia, citing largely unchanged fair value estimates and stable assumptions around the discount rate, revenue growth, profit margin, and future P E multiples. Valuation Changes Fair Value: Unchanged at R$43.28, indicating no material revision to the intrinsic valuation underpinning the price target.
NEOE3
R$31.97
Neoenergia
7D
-1.3%
1Y
74.0%

NEOE3: Iberdrola Control And Tender Offer Will Unlock Further Upside

Analysts have raised their price target on Neoenergia from R$40.00 to R$42.60. This reflects increased confidence in a return to revenue growth and slightly higher long term earnings multiples, despite a modestly higher discount rate and stable profit margins.
REDE3
R$6.24
Rede Energia Participações
7D
-0.2%
1Y
1.5%
ENGI11
R$47.46
Energisa
7D
0.6%
1Y
41.5%
CBEE3
R$10.98
Ampla Energia e Serviços
7D
9.7%
1Y
4.7%

Ampla Energia e Serviços (BVMF:CBEE3) Has More To Do To Multiply In Value Going Forward

Dec 14
Ampla Energia e Serviços (BVMF:CBEE3) Has More To Do To Multiply In Value Going Forward
LIGT3
R$4.69
Light
7D
-0.8%
1Y
21.5%
EQMA3B
R$30.99
Equatorial Maranhão Distribuidora de Energia
7D
3.3%
1Y
29.1%

Improved Earnings Required Before Equatorial Maranhão Distribuidora de Energia S.A. (BVMF:EQMA3B) Shares Find Their Feet

Dec 09
Improved Earnings Required Before Equatorial Maranhão Distribuidora de Energia S.A. (BVMF:EQMA3B) Shares Find Their Feet
EQPA3
R$6.18
Equatorial Pará Distribuidora de Energia
7D
3.2%
1Y
14.2%

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

Nov 22
Equatorial Pará Distribuidora de Energia's (BVMF:EQPA3) Weak Earnings May Only Reveal A Part Of The Whole Picture
GEPA3
R$32.50
Rio Paranapanema Energia
7D
8.3%
1Y
12.1%

Rio Paranapanema Energia's (BVMF:GEPA3) Promising Earnings May Rest On Soft Foundations

Nov 21
Rio Paranapanema Energia's (BVMF:GEPA3) Promising Earnings May Rest On Soft Foundations
AFLT3
R$7.08
Afluente Transmissão de Energia Elétrica
7D
-1.4%
1Y
0.3%