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Brazilian (BOVESPA) Electric Utilities Industry Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies24
  • 7D4.0%
  • 3M11.7%
  • 1Y31.6%
  • YTDn/a

In the last week, the Electric Utilities industry is up 3.0%, with CPFL Energia leading the way, up 4.0%. In the last 12 months, the industry was up 30%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026R$561.9bR$436.7bR$42.4b9.5x13.3x1.3x
Sun, 01 Mar 2026R$565.7bR$434.0bR$35.4b8.7x16x1.3x
Tue, 27 Jan 2026R$542.1bR$433.4bR$34.9b8.5x15.5x1.3x
Thu, 25 Dec 2025R$479.6bR$433.4bR$34.9b8.2x13.8x1.1x
Sat, 22 Nov 2025R$504.1bR$433.7bR$34.9b8.4x14.5x1.2x
Mon, 20 Oct 2025R$467.2bR$424.8bR$51.6b8.3x9.1x1.1x
Wed, 17 Sep 2025R$457.0bR$424.8bR$51.6b8.1x8.9x1.1x
Fri, 15 Aug 2025R$441.8bR$418.9bR$51.4b7.7x8.6x1.1x
Sun, 13 Jul 2025R$418.4bR$411.8bR$53.7b7.5x7.8x1x
Tue, 10 Jun 2025R$430.5bR$411.8bR$53.8b7.6x8x1x
Thu, 08 May 2025R$406.9bR$403.7bR$53.8b7.5x7.6x1x
Sat, 05 Apr 2025R$390.8bR$402.4bR$53.9b7.5x7.2x1x
Mon, 03 Mar 2025R$392.5bR$394.4bR$50.2b8.8x7.8x1x
Wed, 29 Jan 2025R$381.8bR$388.5bR$50.2b8.6x7.6x1x
Fri, 27 Dec 2024R$372.7bR$388.5bR$50.2b8.4x7.4x1x
Sun, 24 Nov 2024R$390.3bR$388.3bR$50.2b8.7x7.8x1x
Tue, 22 Oct 2024R$397.8bR$375.7bR$41.7b8.3x9.5x1.1x
Thu, 19 Sep 2024R$414.5bR$375.7bR$41.7b8x9.9x1.1x
Sat, 17 Aug 2024R$410.4bR$379.7bR$43.9b7.6x9.3x1.1x
Mon, 15 Jul 2024R$407.5bR$374.1bR$42.5b7.9x9.6x1.1x
Wed, 12 Jun 2024R$383.8bR$374.4bR$43.0b7.6x8.9x1x
Fri, 10 May 2024R$407.2bR$372.7bR$42.9b8x9.5x1.1x
Sun, 07 Apr 2024R$415.3bR$371.2bR$42.6b8.7x9.7x1.1x
Tue, 05 Mar 2024R$420.9bR$362.9bR$34.0b8.9x12.4x1.2x
Thu, 01 Feb 2024R$432.6bR$389.7bR$34.2b9.4x12.7x1.1x
Sat, 30 Dec 2023R$448.7bR$389.7bR$34.2b9.2x13.1x1.2x
Mon, 27 Nov 2023R$427.7bR$389.7bR$34.2b9x12.5x1.1x
Wed, 25 Oct 2023R$390.0bR$381.9bR$31.5b8.8x12.4x1x
Fri, 22 Sep 2023R$409.8bR$381.9bR$31.5b9.2x13x1.1x
Sun, 20 Aug 2023R$402.7bR$381.1bR$30.0b9.4x13.4x1.1x
Tue, 18 Jul 2023R$417.5bR$376.9bR$28.8b9x14.5x1.1x
Thu, 15 Jun 2023R$406.1bR$376.8bR$29.5b8.1x13.7x1.1x
Sat, 13 May 2023R$387.5bR$372.3bR$30.1b9.2x12.9x1x
Mon, 10 Apr 2023R$368.7bR$367.6bR$31.7b8.3x11.6x1x
Price to Earnings Ratio

11.6x


Total Market Cap: R$368.7bTotal Earnings: R$31.7bTotal Revenue: R$367.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Electric Utilities Industry Price to Earnings3Y Average 10.7x202420252026
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 13.2x which is higher than its 3-year average PE of 10.7x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 10% per year over the last three years.
  • Revenues for these companies have grown 5.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Brazilian Electric Utilities compare with similar industries?

BR Market3.43%
Utilities4.07%
Electric Utilities3.97%
Electric Utilities3.97%
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$15.926.3%
+R$2.8b		66.5%PE17.7x
CPFE3 CPFL EnergiaR$49.255.1%
+R$2.8b		29.9%PE10.3x
EQTL3 EquatorialR$40.503.6%
+R$1.8b		21.5%PE42.2x
ENGI11 EnergisaR$53.226.8%
+R$1.2b		42.6%PE8.4x
TAEE11 Transmissora Aliança de Energia ElétricaR$42.834.2%
+R$592.5m		24.9%PE9.3x

Latest News

LIGT3
R$5.34
Light
7D
15.8%
1Y
10.6%
EQMA3B
R$31.99
Equatorial Maranhão Distribuidora de Energia
7D
3.2%
1Y
20.8%
EQPA3
R$6.79
Equatorial Pará Distribuidora de Energia
7D
-2.7%
1Y
10.6%
TAEE11
R$42.83
Transmissora Aliança de Energia Elétrica
7D
4.2%
1Y
24.9%

TAEE11: Deeper Revenue Contraction Will Sustain Pressure On Future P/E

Analysts have trimmed their price target for Transmissora Aliança de Energia Elétrica slightly, from R$37.72 to R$37.63, reflecting updated assumptions around revenue, margins and future P/E levels. What's in the News An upcoming special and extraordinary shareholders meeting is scheduled for Feb 27, 2026, to be held exclusively remotely in Brazil.
CPFE3
R$49.25
CPFL Energia
7D
5.1%
1Y
29.9%
REDE3
R$6.23
Rede Energia Participações
7D
-1.1%
1Y
-6.5%
ENGI11
R$53.22
Energisa
7D
6.8%
1Y
42.6%
CBEE3
R$9.95
Ampla Energia e Serviços
7D
-0.3%
1Y
13.1%
EQTL3
R$40.50
Equatorial
7D
3.6%
1Y
21.5%

EQTL3: Higher Future P/E Assumptions Will Support Bullish Earnings Outlook

Analysts have slightly raised their price target for Equatorial to R$47.32 from R$47.25. They point to updated assumptions that now reflect a marginally higher discount rate, a softer revenue growth outlook, a lower profit margin and a higher future P/E multiple.
ALUP11
R$35.76
Alupar Investimento
7D
3.1%
1Y
24.6%

ALUP11: Upcoming Shareholder Meeting Will Support A More Optimistic Outlook

Analysts have maintained their price target for Alupar Investimento at R$40.24, reflecting only minor model adjustments, including a slightly higher discount rate, a marginally lower profit margin assumption, and a modestly higher future P/E multiple. What's in the News Alupar Investimento has scheduled a Special and Extraordinary Shareholders Meeting for April 16, 2026, in São Paulo, Brazil.
CPLE3
R$15.92
Companhia Paranaense de Energia - COPEL
7D
6.3%
1Y
66.5%

Hydro Capacity Expansion And Smart Grid Rollout Will Drive Long Term Earnings Resilience

Catalysts About Companhia Paranaense de Energia (COPEL) Companhia Paranaense de Energia (COPEL) is an integrated Brazilian electric utility that operates in power generation, transmission, distribution and trading. What are the underlying business or industry changes driving this perspective?