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Brazilian (BOVESPA) Electric Utilities Industry Analysis

UpdatedJul 10, 2026
DataAggregated Company Financials
Companies23
  • 7D-0.8%
  • 3M-15.4%
  • 1Y16.7%
  • YTD0.3%

Over the last 7 days, the Electric Utilities industry has remained flat, although notably AXIA Energia declined by 4.3%. The past year has been better, since the industry has gained 17% in that time. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Jul 2026R$475.7bR$395.0bR$42.4b9.5x11.2x1.2x
Sun, 07 Jun 2026R$468.2bR$394.6bR$42.0b8.9x11.1x1.2x
Tue, 05 May 2026R$567.6bR$436.7bR$42.4b9.1x13.4x1.3x
Thu, 02 Apr 2026R$560.9bR$436.7bR$42.4b9.5x13.2x1.3x
Sat, 28 Feb 2026R$576.1bR$434.0bR$35.4b8.7x16.3x1.3x
Mon, 26 Jan 2026R$542.1bR$433.4bR$34.9b8.5x15.5x1.3x
Wed, 24 Dec 2025R$471.4bR$433.4bR$34.9b8.2x13.5x1.1x
Fri, 21 Nov 2025R$504.1bR$433.7bR$34.9b8.5x14.5x1.2x
Sun, 19 Oct 2025R$467.2bR$424.8bR$51.6b8.3x9.1x1.1x
Tue, 16 Sep 2025R$456.4bR$424.8bR$51.6b8.1x8.8x1.1x
Thu, 14 Aug 2025R$442.3bR$418.5bR$51.4b7.7x8.6x1.1x
Sat, 12 Jul 2025R$419.7bR$411.8bR$53.7b7.8x7.8x1x
Mon, 09 Jun 2025R$433.3bR$411.8bR$53.8b7.6x8.1x1.1x
Wed, 07 May 2025R$408.0bR$403.3bR$53.8b7.6x7.6x1x
Fri, 04 Apr 2025R$394.6bR$402.4bR$53.9b7.7x7.3x1x
Sun, 02 Mar 2025R$392.5bR$394.4bR$50.2b8.8x7.8x1x
Tue, 28 Jan 2025R$373.7bR$388.5bR$50.2b8.5x7.4x1x
Thu, 26 Dec 2024R$372.5bR$388.5bR$50.2b8.4x7.4x1x
Sat, 23 Nov 2024R$387.1bR$388.3bR$50.2b8.7x7.7x1x
Mon, 21 Oct 2024R$397.6bR$375.7bR$41.7b8.3x9.5x1.1x
Wed, 18 Sep 2024R$414.5bR$375.7bR$41.7b8.1x9.9x1.1x
Fri, 16 Aug 2024R$410.7bR$376.6bR$42.1b7.6x9.8x1.1x
Sun, 14 Jul 2024R$407.5bR$374.1bR$42.5b7.9x9.6x1.1x
Tue, 11 Jun 2024R$386.6bR$374.4bR$43.0b7.6x9x1x
Thu, 09 May 2024R$407.2bR$371.5bR$42.5b8x9.6x1.1x
Sat, 06 Apr 2024R$415.1bR$371.2bR$42.6b8.7x9.7x1.1x
Mon, 04 Mar 2024R$420.2bR$362.8bR$33.9b8.3x12.4x1.2x
Wed, 31 Jan 2024R$437.7bR$389.7bR$34.2b9.3x12.8x1.1x
Fri, 29 Dec 2023R$445.6bR$389.7bR$34.2b9.2x13x1.1x
Sun, 26 Nov 2023R$427.7bR$389.7bR$34.2b9x12.5x1.1x
Tue, 24 Oct 2023R$390.0bR$381.9bR$31.5b8.8x12.4x1x
Thu, 21 Sep 2023R$414.8bR$381.9bR$31.5b9.2x13.2x1.1x
Sat, 19 Aug 2023R$402.6bR$381.2bR$30.1b9.4x13.4x1.1x
Mon, 17 Jul 2023R$417.0bR$376.9bR$28.8b8.9x14.5x1.1x
Price to Earnings Ratio

14.5x


Total Market Cap: R$417.0bTotal Earnings: R$28.8bTotal Revenue: R$376.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Electric Utilities Industry Price to Earnings3Y Average 10.7x202420252026
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 10.7x.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 14% 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 Market-0.64%
Utilities-0.58%
Electric Utilities-0.79%
Electric Utilities-0.79%
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$46.291.3%
+R$691.4m		21.6%PE9.3x
ENGI11 EnergisaR$50.103.2%
+R$585.0m		20.4%PE10.1x
CEEB3 Companhia de Eletricidade do Estado da Bahia - COELBAR$47.154.1%
+R$482.3m		27.5%PE6.6x
EQPA3 Equatorial Pará Distribuidora de EnergiaR$5.322.3%
+R$265.1m		-4.8%PE7.6x
EQTL3 EquatorialR$39.510.2%
+R$88.0m		15.0%PE41.9x

Latest News

CBEE3
R$10.04
Ampla Energia e Serviços
7D
-1.1%
1Y
0.3%
CEED3
R$7.10
Companhia Estadual de Distribuição de Energia Elétrica
7D
-16.6%
1Y
-6.0%
CPFE3
R$46.29
CPFL Energia
7D
1.3%
1Y
21.6%
Narrative Update • Jul 07

CPFE3: Higher P/E Assumptions And 2026 Dividend Will Shape Returns

Analysts have lifted their price target for CPFL Energia to about R$41 from roughly R$36, citing updated assumptions for revenue trends, profit margins and future P/E that support a higher fair value despite a slightly higher discount rate. What's in the News CPFL Energia announced an annual dividend of R$0.1302 per share, with payment scheduled for June 18, 2026.
ALUP11
R$33.05
Alupar Investimento
7D
0.03%
1Y
10.4%
AXIA3
R$51.63
AXIA Energia
7D
-4.3%
1Y
31.3%
GEPA3
R$31.90
Rio Paranapanema Energia
7D
-6.2%
1Y
-4.3%
LIGT3
R$2.93
Light
7D
-7.6%
1Y
-48.3%
ENGI11
R$50.10
Energisa
7D
3.2%
1Y
20.4%
Narrative Update • Jun 26

ENGI11: Upcoming Shareholder Meeting Will Shape Future Capital Structure Narrative

Analysts have increased their price target for Energisa from approximately R$74.91 to about R$80.06, citing updated assumptions for revenue growth, profit margins and a lower assumed future P/E multiple in their valuation work. What’s in the News for Energisa Energisa has a Special or Extraordinary Shareholders Meeting scheduled for April 29, 2026, according to company disclosures.
CPLE3
R$15.05
Companhia Paranaense de Energia - COPEL
7D
-0.07%
1Y
35.5%
Narrative Update • Jun 26

CPLE3: Share Buybacks Will Underpin Higher Multiple Expectations Going Forward

Analysts have lifted their fair value estimate for Companhia Paranaense de Energia, COPEL, from R$14.27 to about R$17.93, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What’s in the News for Companhia Paranaense de Energia - COPEL A board meeting is scheduled for May 21, 2026 to consider an amendment and renewal of COPEL's share buyback program.
EQPA3
R$5.32
Equatorial Pará Distribuidora de Energia
7D
2.3%
1Y
-4.8%
TAEE11
R$40.31
Transmissora Aliança de Energia Elétrica
7D
-1.9%
1Y
18.6%
Narrative Update • Jun 17

TAEE11: Stable Margins And P/E Assumptions Will Shape Future Returns

Analysts have nudged their price target for Transmissora Aliança de Energia Elétrica slightly higher to R$37.69 from R$37.33. The change reflects updated assumptions around revenue contraction, profit margins and a forward P/E of about 12.2x.
EQTL3
R$39.51
Equatorial
7D
0.2%
1Y
15.0%
Narrative Update • Jun 17

EQTL3: 2026 Meeting Will Support Steady Outlook And Bullish View

Analysts kept their fair value estimate for Equatorial steady at R$50.67 while making only small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions. These changes resulted in no material change to the overall price target narrative.
REDE3
R$5.93
Rede Energia Participações
7D
0.5%
1Y
-10.3%
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...
AFLT3
R$7.17
Afluente Transmissão de Energia Elétrica
7D
-4.7%
1Y
-0.6%
CEEB3
R$47.15
Companhia de Eletricidade do Estado da Bahia - COELBA
7D
4.1%
1Y
27.5%