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Brazilian (BOVESPA) Electric Utilities Industry Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies24
  • 7D-2.6%
  • 3M4.3%
  • 1Y33.5%
  • YTD-0.9%

In the last week, the Electric Utilities industry is flat overall, with Equatorial standing out by going down 4.3%. As for the the longer term, the industry is up 37% over the past 12 months. 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
Thu, 15 Jan 2026R$513.9bR$433.4bR$34.9b8.2x14.7x1.2x
Sat, 13 Dec 2025R$504.0bR$433.4bR$34.9b8.3x14.5x1.2x
Mon, 10 Nov 2025R$492.4bR$428.7bR$38.4b8.2x12.8x1.1x
Wed, 08 Oct 2025R$456.2bR$424.8bR$51.6b7.9x8.8x1.1x
Fri, 05 Sep 2025R$441.7bR$424.7bR$51.5b7.8x8.6x1x
Sun, 03 Aug 2025R$414.6bR$414.1bR$54.6b7.1x7.6x1x
Tue, 01 Jul 2025R$432.6bR$411.8bR$53.7b7.7x8.1x1.1x
Thu, 29 May 2025R$441.2bR$411.8bR$53.8b7.9x8.2x1.1x
Sat, 26 Apr 2025R$411.0bR$402.5bR$54.0b7.4x7.6x1x
Mon, 24 Mar 2025R$396.0bR$400.6bR$51.5b7.6x7.7x1x
Wed, 19 Feb 2025R$401.9bR$391.7bR$50.1b8.8x8x1x
Fri, 17 Jan 2025R$373.8bR$388.5bR$50.2b8.3x7.4x1x
Sun, 15 Dec 2024R$381.6bR$388.5bR$50.2b8.6x7.6x1x
Tue, 12 Nov 2024R$388.2bR$385.3bR$48.1b8.3x8.1x1x
Thu, 10 Oct 2024R$394.4bR$375.7bR$41.7b8x9.5x1x
Sat, 07 Sep 2024R$416.9bR$375.7bR$41.7b8.2x10x1.1x
Mon, 05 Aug 2024R$398.8bR$375.2bR$42.4b7.9x9.4x1.1x
Wed, 03 Jul 2024R$390.7bR$374.1bR$42.5b7.9x9.2x1x
Fri, 31 May 2024R$390.4bR$374.1bR$42.6b7.9x9.2x1x
Sun, 28 Apr 2024R$402.5bR$371.6bR$42.5b8.7x9.5x1.1x
Tue, 26 Mar 2024R$418.7bR$367.1bR$37.0b8.9x11.3x1.1x
Thu, 22 Feb 2024R$424.4bR$363.5bR$33.8b8.2x12.6x1.2x
Sat, 20 Jan 2024R$437.0bR$389.7bR$34.2b9.3x12.8x1.1x
Mon, 18 Dec 2023R$432.9bR$389.7bR$34.2b8.7x12.7x1.1x
Wed, 15 Nov 2023R$422.2bR$388.5bR$34.0b11.8x12.4x1.1x
Fri, 13 Oct 2023R$402.7bR$381.9bR$31.5b9.2x12.8x1.1x
Sun, 10 Sep 2023R$397.3bR$381.9bR$31.5b9.1x12.6x1x
Tue, 08 Aug 2023R$407.9bR$377.1bR$27.3b9.1x15x1.1x
Thu, 06 Jul 2023R$420.7bR$376.9bR$29.5b8.7x14.2x1.1x
Sat, 03 Jun 2023R$385.2bR$376.8bR$29.6b8.4x13x1x
Mon, 01 May 2023R$380.0bR$369.5bR$31.7b8.7x12x1x
Wed, 29 Mar 2023R$364.9bR$370.8bR$38.4b8.3x9.5x1x
Fri, 24 Feb 2023R$365.8bR$379.2bR$40.4b7.4x9x1x
Sun, 22 Jan 2023R$389.0bR$380.2bR$40.3b7.4x9.7x1x
Price to Earnings Ratio

9.7x


Total Market Cap: R$389.0bTotal 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 14.8x 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 Market-1.25%
Utilities-3.55%
Electric Utilities-2.57%
Electric Utilities-2.57%
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
CPLE3 Companhia Paranaense de Energia - COPELR$12.452.7%
+R$980.0m		50.9%PE16.9x
ALUP11 Alupar InvestimentoR$32.753.7%
+R$385.7m		24.6%PE9.3x
ENGI11 EnergisaR$47.010.6%
+R$110.9m		39.4%PE5.4x
GEPA3 Rio Paranapanema EnergiaR$33.001.5%
+R$47.2m		13.8%PE7x
NEOE3 NeoenergiaR$32.000.09%
+R$36.4m		74.7%PE8.8x

Latest News

CPFE3
R$51.96
CPFL Energia
7D
-0.8%
1Y
58.9%

CPFL Energia (BVMF:CPFE3) Takes On Some Risk With Its Use Of Debt

Jan 14
CPFL Energia (BVMF:CPFE3) Takes On Some Risk With Its Use Of Debt
EQTL3
R$37.59
Equatorial
7D
-1.7%
1Y
35.4%

EQTL3: Future P/E And Stable Margins Will Sustain Bullish Undervaluation Narrative

Narrative Update on Equatorial Analysts have trimmed their price target on Equatorial to US$45.88, reflecting slightly higher discount rate and future P/E assumptions, while keeping fair value and margin expectations broadly unchanged. Valuation Changes Fair Value: Model fair value remains unchanged at US$45.88 per share.
NEOE3
R$32.00
Neoenergia
7D
0.09%
1Y
74.7%

NEOE3: Full Control Will Be Sought While Fundamentals Remain Largely Steady

Analysts have kept their fair value estimate for Neoenergia steady at R$33.56 per share, with a slightly higher discount rate and marginal tweaks to long term revenue, margin and forward P/E assumptions guiding this unchanged price target. What's in the News Iberdrola Energía reached an agreement to acquire an additional 30.29% stake in Neoenergia from Caixa de Previdencia dos Funcionarios do Banco do Brasil for BRL 11.95b at BRL 32.50 per share, with closing initially expected in the fourth quarter of 2025, subject to regulatory approvals (Key Developments).
CBEE3
R$9.76
Ampla Energia e Serviços
7D
-11.1%
1Y
-7.0%

Is Ampla Energia e Serviços (BVMF:CBEE3) A Risky Investment?

Jan 09
Is Ampla Energia e Serviços (BVMF:CBEE3) A Risky Investment?
CPLE3
R$12.45
Companhia Paranaense de Energia - COPEL
7D
2.7%
1Y
50.9%
ALUP11
R$32.75
Alupar Investimento
7D
3.7%
1Y
24.6%
TAEE11
R$39.78
Transmissora Aliança de Energia Elétrica
7D
-3.8%
1Y
22.0%

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.
CEEB3
R$44.31
Companhia de Eletricidade do Estado da Bahia - COELBA
7D
-1.0%
1Y
16.6%
REDE3
R$6.21
Rede Energia Participações
7D
-0.3%
1Y
-2.5%
ENGI11
R$47.01
Energisa
7D
0.6%
1Y
39.4%
EQMA3B
R$30.09
Equatorial Maranhão Distribuidora de Energia
7D
-2.9%
1Y
25.4%

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$6.05
Equatorial Pará Distribuidora de Energia
7D
-1.1%
1Y
13.5%

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$33.00
Rio Paranapanema Energia
7D
1.5%
1Y
13.8%

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$7.22
Afluente Transmissão de Energia Elétrica
7D
2.0%
1Y
0.3%