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Brazilian (BOVESPA) Electric Utilities Industry Analysis

UpdatedJan 04, 2026
DataAggregated Company Financials
Companies24
  • 7D-0.5%
  • 3M5.5%
  • 1Y35.6%
  • YTDn/a

Over the last 7 days, the Electric Utilities industry has remained flat, although notably Equatorial Pará Distribuidora de Energia gained 4.8%. As for the the longer term, the industry is up 36% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 05 Jan 2026R$510.7bR$433.4bR$34.9b8.3x14.6x1.2x
Wed, 03 Dec 2025R$513.1bR$433.4bR$34.9b8.3x14.7x1.2x
Fri, 31 Oct 2025R$477.5bR$427.0bR$51.6b8x9.3x1.1x
Sun, 28 Sep 2025R$465.1bR$424.8bR$51.6b8.1x9x1.1x
Tue, 26 Aug 2025R$438.8bR$424.7bR$51.5b7.5x8.5x1x
Thu, 24 Jul 2025R$419.3bR$412.9bR$54.6b7.4x7.7x1x
Sat, 21 Jun 2025R$430.9bR$411.8bR$53.7b7.6x8x1x
Mon, 19 May 2025R$413.0bR$411.5bR$53.8b7.7x7.7x1x
Wed, 16 Apr 2025R$396.8bR$402.5bR$53.8b7.8x7.4x1x
Fri, 14 Mar 2025R$406.4bR$395.2bR$51.2b8.2x7.9x1x
Sun, 09 Feb 2025R$383.9bR$388.5bR$50.2b8.4x7.6x1x
Tue, 07 Jan 2025R$364.5bR$388.5bR$50.2b8.2x7.3x0.9x
Thu, 05 Dec 2024R$372.0bR$388.5bR$50.2b8.6x7.4x1x
Sat, 02 Nov 2024R$393.3bR$379.5bR$41.7b8.3x9.4x1x
Mon, 30 Sep 2024R$403.2bR$375.7bR$41.7b8x9.7x1.1x
Wed, 28 Aug 2024R$409.2bR$379.3bR$42.2b7.8x9.7x1.1x
Fri, 26 Jul 2024R$395.8bR$374.9bR$42.5b7.9x9.3x1.1x
Sun, 23 Jun 2024R$379.8bR$374.1bR$42.5b7.6x8.9x1x
Tue, 21 May 2024R$401.7bR$374.0bR$42.6b7.9x9.4x1.1x
Thu, 18 Apr 2024R$404.4bR$371.2bR$42.6b8.1x9.5x1.1x
Sat, 16 Mar 2024R$416.7bR$367.1bR$36.3b8.7x11.5x1.1x
Mon, 12 Feb 2024R$419.3bR$363.5bR$33.8b8.1x12.4x1.2x
Wed, 10 Jan 2024R$447.6bR$389.7bR$34.2b9.9x13.1x1.1x
Fri, 08 Dec 2023R$433.1bR$389.7bR$34.2b9x12.7x1.1x
Sun, 05 Nov 2023R$406.6bR$382.3bR$31.8b8.9x12.8x1.1x
Tue, 03 Oct 2023R$405.8bR$381.9bR$31.5b8.8x12.9x1.1x
Thu, 31 Aug 2023R$409.9bR$381.9bR$31.5b8.9x13x1.1x
Sat, 29 Jul 2023R$416.8bR$377.4bR$27.7b9.3x15x1.1x
Mon, 26 Jun 2023R$415.1bR$376.8bR$29.5b7.9x14.1x1.1x
Wed, 24 May 2023R$385.9bR$376.9bR$29.6b8.4x13.1x1x
Fri, 21 Apr 2023R$377.9bR$367.6bR$31.7b8.2x11.9x1x
Sun, 19 Mar 2023R$357.0bR$372.4bR$37.8b8.4x9.5x1x
Tue, 14 Feb 2023R$375.4bR$380.2bR$40.3b7.1x9.3x1x
Thu, 12 Jan 2023R$396.2bR$380.2bR$40.3b7.4x9.8x1x
Price to Earnings Ratio

9.8x


Total Market Cap: R$396.2bTotal 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 14.6x 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 Comparison

How does Brazilian Electric Utilities compare with similar industries?

BR Market-0.58%
Utilities-0.49%
Electric Utilities-0.52%
Electric Utilities-0.52%
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
EQPA3 Equatorial Pará Distribuidora de EnergiaR$6.114.8%
+R$618.5m		9.1%PE8.2x
CPFE3 CPFL EnergiaR$53.761.0%
+R$610.7m		73.4%PE11.4x
CEEB3 Companhia de Eletricidade do Estado da Bahia - COELBAR$45.064.8%
+R$539.9m		15.5%PE5.7x
TAEE11 Transmissora Aliança de Energia ElétricaR$41.971.5%
+R$210.1m		30.3%PE8.4x
CBEE3 Ampla Energia e ServiçosR$10.015.4%
+R$193.8m		0%PE6.6x

Latest News

EQTL3
R$38.30
Equatorial
7D
-0.5%
1Y
46.0%
CEEB3
R$45.06
Companhia de Eletricidade do Estado da Bahia - COELBA
7D
4.8%
1Y
15.5%
CPLE3
R$12.14
Companhia Paranaense de Energia - COPEL
7D
-6.6%
1Y
49.9%

Getting In Cheap On Companhia Paranaense de Energia - COPEL (BVMF:CPLE3) Is Unlikely

Dec 27
Getting In Cheap On Companhia Paranaense de Energia - COPEL (BVMF:CPLE3) Is Unlikely
CPFE3
R$53.76
CPFL Energia
7D
1.0%
1Y
73.4%

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$31.70
Neoenergia
7D
-2.0%
1Y
67.7%

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$6.20
Rede Energia Participações
7D
-1.3%
1Y
-1.3%
TAEE11
R$41.97
Transmissora Aliança de Energia Elétrica
7D
1.5%
1Y
30.3%
ENGI11
R$47.09
Energisa
7D
-0.5%
1Y
45.5%
CBEE3
R$10.01
Ampla Energia e Serviços
7D
5.4%
1Y
0%

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$4.72
Light
7D
4.7%
1Y
18.0%
EQMA3B
R$30.01
Equatorial Maranhão Distribuidora de Energia
7D
-5.6%
1Y
27.7%

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
ALUP11
R$31.99
Alupar Investimento
7D
0.03%
1Y
26.5%

Here's Why Alupar Investimento (BVMF:ALUP11) Has A Meaningful Debt Burden

Dec 05
Here's Why Alupar Investimento (BVMF:ALUP11) Has A Meaningful Debt Burden
EQPA3
R$6.11
Equatorial Pará Distribuidora de Energia
7D
4.8%
1Y
9.1%

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$30.00
Rio Paranapanema Energia
7D
-11.7%
1Y
-3.2%

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$7.12
Afluente Transmissão de Energia Elétrica
7D
-6.3%
1Y
-4.9%