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Brazilian (BOVESPA) Electric Utilities Industry Analysis

UpdatedJan 18, 2026
DataAggregated Company Financials
Companies24
  • 7D-1.9%
  • 3M2.9%
  • 1Y28.2%
  • YTDn/a

Over the last 7 days, the Electric Utilities industry has dropped 1.9%, driven by CPFL Energia declining 4.3%. On the other hand Ampla Energia e Serviços is actually up 9.6%. This takes the industry's 12 month performance to a gain of 28%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 18 Jan 2026R$507.7bR$433.4bR$34.9b8.1x14.6x1.2x
Tue, 16 Dec 2025R$511.0bR$433.4bR$34.9b8.4x14.7x1.2x
Thu, 13 Nov 2025R$506.6bR$428.7bR$38.4b8.6x13.2x1.2x
Sat, 11 Oct 2025R$451.6bR$424.8bR$51.6b7.9x8.8x1.1x
Mon, 08 Sep 2025R$447.4bR$424.7bR$51.5b8x8.7x1.1x
Wed, 06 Aug 2025R$413.0bR$414.1bR$54.6b7.3x7.6x1x
Fri, 04 Jul 2025R$435.2bR$411.8bR$53.7b7.9x8.1x1.1x
Sun, 01 Jun 2025R$441.7bR$411.8bR$53.8b7.9x8.2x1.1x
Tue, 29 Apr 2025R$412.3bR$402.5bR$54.0b7.4x7.6x1x
Thu, 27 Mar 2025R$394.3bR$400.6bR$51.5b7.7x7.7x1x
Sat, 22 Feb 2025R$397.9bR$391.7bR$50.1b9x7.9x1x
Mon, 20 Jan 2025R$373.4bR$388.5bR$50.2b8.5x7.4x1x
Wed, 18 Dec 2024R$378.5bR$388.5bR$50.2b8.6x7.5x1x
Fri, 15 Nov 2024R$387.5bR$385.0bR$48.1b8.8x8.1x1x
Sun, 13 Oct 2024R$393.3bR$375.7bR$41.7b8x9.4x1x
Tue, 10 Sep 2024R$416.3bR$375.7bR$41.7b8.2x10x1.1x
Thu, 08 Aug 2024R$396.1bR$375.2bR$42.4b7.7x9.3x1.1x
Sat, 06 Jul 2024R$397.7bR$374.1bR$42.5b7.9x9.4x1.1x
Mon, 03 Jun 2024R$386.8bR$374.1bR$42.6b7.8x9.1x1x
Wed, 01 May 2024R$397.6bR$371.6bR$42.5b8.2x9.3x1.1x
Fri, 29 Mar 2024R$416.3bR$371.9bR$42.7b8.8x9.8x1.1x
Sun, 25 Feb 2024R$418.7bR$364.0bR$34.3b8.3x12.2x1.2x
Tue, 23 Jan 2024R$433.3bR$389.7bR$34.2b9.2x12.7x1.1x
Thu, 21 Dec 2023R$442.5bR$389.7bR$34.2b8.9x12.9x1.1x
Sat, 18 Nov 2023R$433.0bR$389.8bR$34.2b9.8x12.7x1.1x
Mon, 16 Oct 2023R$394.2bR$381.9bR$31.5b9.2x12.5x1x
Wed, 13 Sep 2023R$402.1bR$381.9bR$31.5b9.1x12.8x1.1x
Fri, 11 Aug 2023R$409.7bR$377.7bR$28.5b9.1x14.4x1.1x
Sun, 09 Jul 2023R$421.5bR$376.9bR$28.8b8.8x14.6x1.1x
Tue, 06 Jun 2023R$385.2bR$376.8bR$29.5b8.1x13x1x
Thu, 04 May 2023R$373.9bR$369.7bR$31.7b8.6x11.8x1x
Sat, 01 Apr 2023R$367.2bR$368.5bR$31.9b8.3x11.5x1x
Mon, 27 Feb 2023R$363.7bR$379.0bR$40.1b7.4x9.1x1x
Wed, 25 Jan 2023R$391.2bR$380.2bR$40.3b7.5x9.7x1x
Price to Earnings Ratio

9.7x


Total Market Cap: R$391.2bTotal 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 Market0.25%
Utilities-2.38%
Electric Utilities-1.92%
Electric Utilities-1.92%
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
CBEE3 Ampla Energia e ServiçosR$10.989.6%
+R$364.8m		4.7%PE7.2x
ALUP11 Alupar InvestimentoR$32.643.4%
+R$349.4m		24.3%PE9.2x
GEPA3 Rio Paranapanema EnergiaR$33.001.5%
+R$47.2m		13.8%PE7x

Latest News

CPFE3
R$51.22
CPFL Energia
7D
-4.3%
1Y
54.1%

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$37.44
Equatorial
7D
-3.7%
1Y
34.4%

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.
CBEE3
R$10.98
Ampla Energia e Serviços
7D
9.6%
1Y
4.7%

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

Jan 09
Is Ampla Energia e Serviços (BVMF:CBEE3) A Risky Investment?
CPLE3
R$12.31
Companhia Paranaense de Energia - COPEL
7D
-4.0%
1Y
48.0%
ALUP11
R$32.64
Alupar Investimento
7D
3.4%
1Y
24.3%
TAEE11
R$39.50
Transmissora Aliança de Energia Elétrica
7D
-1.4%
1Y
21.0%

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.
ENGI11
R$46.79
Energisa
7D
-1.7%
1Y
40.2%
LIGT3
R$4.52
Light
7D
-5.2%
1Y
14.4%
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$6.08
Equatorial Pará Distribuidora de Energia
7D
-1.3%
1Y
14.3%

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