Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Brazilian (BOVESPA) Electric Utilities Industry Analysis

UpdatedFeb 01, 2026
DataAggregated Company Financials
Companies24
  • 7D-1.2%
  • 3M4.2%
  • 1Y34.1%
  • YTDn/a

Over the last 7 days, the Electric Utilities industry has dropped 1.2%, driven by a pullback from CPFL Energia of 6.7%. In the past year, the industry has gained 34%. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Feb 2026R$534.7bR$433.4bR$34.9b8.4x15.3x1.2x
Tue, 30 Dec 2025R$483.1bR$433.4bR$34.9b8.2x13.9x1.1x
Thu, 27 Nov 2025R$511.9bR$433.7bR$34.9b8.8x14.7x1.2x
Sat, 25 Oct 2025R$467.5bR$424.8bR$51.6b8x9.1x1.1x
Mon, 22 Sep 2025R$466.1bR$424.8bR$51.6b8.1x9x1.1x
Wed, 20 Aug 2025R$431.5bR$423.8bR$51.6b7.8x8.4x1x
Fri, 18 Jul 2025R$416.8bR$411.8bR$53.7b7.4x7.8x1x
Sun, 15 Jun 2025R$433.0bR$411.8bR$53.8b7.7x8.1x1.1x
Tue, 13 May 2025R$407.6bR$406.0bR$53.6b7.6x7.6x1x
Thu, 10 Apr 2025R$392.4bR$402.4bR$53.9b7.5x7.3x1x
Sat, 08 Mar 2025R$396.1bR$395.2bR$51.2b8x7.7x1x
Mon, 03 Feb 2025R$388.0bR$388.5bR$50.2b8.7x7.7x1x
Wed, 01 Jan 2025R$371.3bR$388.5bR$50.2b8.2x7.4x1x
Fri, 29 Nov 2024R$381.2bR$388.5bR$50.2b8.5x7.6x1x
Sun, 27 Oct 2024R$395.7bR$378.2bR$41.0b8.2x9.6x1x
Tue, 24 Sep 2024R$406.9bR$375.7bR$41.7b8.1x9.8x1.1x
Thu, 22 Aug 2024R$418.7bR$379.9bR$43.9b7.6x9.5x1.1x
Sat, 20 Jul 2024R$395.9bR$374.1bR$42.5b7.8x9.3x1.1x
Mon, 17 Jun 2024R$380.5bR$374.1bR$42.5b7.6x9x1x
Wed, 15 May 2024R$404.2bR$374.4bR$42.9b7.8x9.4x1.1x
Fri, 12 Apr 2024R$411.1bR$371.2bR$42.6b8.5x9.6x1.1x
Sun, 10 Mar 2024R$423.7bR$363.8bR$34.4b8.7x12.3x1.2x
Tue, 06 Feb 2024R$411.7bR$363.0bR$33.6b8.4x12.3x1.1x
Thu, 04 Jan 2024R$443.6bR$389.7bR$34.2b9.6x13x1.1x
Sat, 02 Dec 2023R$429.9bR$389.7bR$34.2b9x12.6x1.1x
Mon, 30 Oct 2023R$393.4bR$382.5bR$31.8b8.8x12.4x1x
Wed, 27 Sep 2023R$410.7bR$381.9bR$31.5b8.9x13x1.1x
Fri, 25 Aug 2023R$408.6bR$381.5bR$30.0b9.2x13.6x1.1x
Sun, 23 Jul 2023R$422.5bR$376.9bR$28.8b9x14.6x1.1x
Tue, 20 Jun 2023R$405.9bR$376.8bR$29.5b7.9x13.7x1.1x
Thu, 18 May 2023R$383.6bR$372.3bR$30.2b9.3x12.7x1x
Sat, 15 Apr 2023R$382.3bR$367.6bR$31.7b8.3x12.1x1x
Mon, 13 Mar 2023R$359.8bR$377.6bR$39.0b8.3x9.2x1x
Wed, 08 Feb 2023R$378.7bR$380.2bR$40.3b7.1x9.4x1x
Price to Earnings Ratio

9.4x


Total Market Cap: R$378.7bTotal Earnings: R$40.3bTotal Revenue: R$380.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Electric Utilities Industry Price to Earnings3Y Average 10.5x202420252026
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 15.4x which is higher than its 3-year average PE of 10.5x.
  • 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 Market1.55%
Utilities-0.98%
Electric Utilities-1.24%
Electric Utilities-1.24%
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
CEEB3 Companhia de Eletricidade do Estado da Bahia - COELBAR$45.223.9%
+R$448.2m		18.2%PE5.7x
EQPA3 Equatorial Pará Distribuidora de EnergiaR$6.391.8%
+R$243.0m		14.9%PE8.6x
LIGT3 LightR$5.099.9%
+R$171.4m		23.2%PE0.8x
NEOE3 NeoenergiaR$32.400.4%
+R$145.7m		72.8%PE8.9x
EQMA3B Equatorial Maranhão Distribuidora de EnergiaR$30.882.9%
+R$144.5m		28.7%PE6.8x

Latest News

ALUP11
R$33.95
Alupar Investimento
7D
-2.8%
1Y
24.4%
TAEE11
R$41.63
Transmissora Aliança de Energia Elétrica
7D
-3.3%
1Y
24.2%

Transmissora Aliança de Energia Elétrica (BVMF:TAEE11) Takes On Some Risk With Its Use Of Debt

Jan 31
Transmissora Aliança de Energia Elétrica (BVMF:TAEE11) Takes On Some Risk With Its Use Of Debt
EQMA3B
R$30.88
Equatorial Maranhão Distribuidora de Energia
7D
2.9%
1Y
28.7%

Return Trends At Equatorial Maranhão Distribuidora de Energia (BVMF:EQMA3B) Aren't Appealing

Jan 28
Return Trends At Equatorial Maranhão Distribuidora de Energia (BVMF:EQMA3B) Aren't Appealing
LIGT3
R$5.09
Light
7D
9.9%
1Y
23.2%

Should You Investigate Light S.A. (BVMF:LIGT3) At R$4.99?

Jan 28
Should You Investigate Light S.A. (BVMF:LIGT3) At R$4.99?
EQTL3
R$40.92
Equatorial
7D
0.02%
1Y
35.7%

EQTL3: Lower Discount Rate And Firm P/E Will Support Bullish Undervaluation Narrative

Analysts have increased their price target on Equatorial by about $0.50, citing a slightly lower discount rate and marginally different assumptions for fair value and future P/E as the key drivers of this update. Valuation Changes Fair Value: risen slightly from R$45.88 to R$46.38, reflecting a modest uplift in the modelled intrinsic value.
CEEB3
R$45.22
Companhia de Eletricidade do Estado da Bahia - COELBA
7D
3.9%
1Y
18.2%

Here's Why Companhia de Eletricidade do Estado da Bahia - COELBA (BVMF:CEEB3) Is Weighed Down By Its Debt Load

Jan 27
Here's Why Companhia de Eletricidade do Estado da Bahia - COELBA (BVMF:CEEB3) Is Weighed Down By Its Debt Load
CPFE3
R$51.46
CPFL Energia
7D
-6.7%
1Y
49.7%

CPFE3: Weak Revenue Outlook And Rich P/E Will Likely Sustain Overvaluation

Analysts have nudged their price target for CPFL Energia slightly higher to reflect a modest increase in estimated fair value to R$43.43, while also acknowledging only small adjustments to profit margin assumptions and future P/E expectations. Valuation Changes Fair Value Estimate: Adjusted slightly from R$43.28 to R$43.43 per share, reflecting a modest tweak in the underlying valuation model.
CBEE3
R$10.00
Ampla Energia e Serviços
7D
-7.4%
1Y
n/a
NEOE3
R$32.40
Neoenergia
7D
0.4%
1Y
72.8%

NEOE3: Iberdrola Control And Tender Offer Will Drive Further Upside

Analysts have trimmed their price targets on Neoenergia by a small amount in currency terms, citing updated assumptions around slightly softer revenue growth, a higher projected profit margin of about 9.21%, and a lower future P/E of roughly 17.97x. What's in the News Neoenergia S.A. has been added to the Brazil IBRX Index, which tracks a broad group of Brazilian stocks and can influence how index funds and institutional investors view the company (Index Constituent Adds).
GPAR3
R$17.30
Companhia CELG de Participações S/A
7D
-38.2%
1Y
-30.9%

Is Companhia CELG de Participações S/A (BVMF:GPAR3) Weighed On By Its Debt Load?

Jan 21
Is Companhia CELG de Participações S/A (BVMF:GPAR3) Weighed On By Its Debt Load?
EQPA3
R$6.39
Equatorial Pará Distribuidora de Energia
7D
1.8%
1Y
14.9%

Equatorial Pará Distribuidora de Energia (BVMF:EQPA3) Is Looking To Continue Growing Its Returns On Capital

Jan 20
Equatorial Pará Distribuidora de Energia (BVMF:EQPA3) Is Looking To Continue Growing Its Returns On Capital
ENGI11
R$51.01
Energisa
7D
-1.5%
1Y
41.5%

Energisa S.A. (BVMF:ENGI11) Could Be Riskier Than It Looks

Jan 19
Energisa S.A. (BVMF:ENGI11) Could Be Riskier Than It Looks
CPLE3
R$13.18
Companhia Paranaense de Energia - COPEL
7D
-2.5%
1Y
52.0%
REDE3
R$6.18
Rede Energia Participações
7D
-0.3%
1Y
-5.9%
GEPA3
R$33.98
Rio Paranapanema Energia
7D
2.2%
1Y
18.1%

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$7.40
Afluente Transmissão de Energia Elétrica
7D
1.1%
1Y
-5.1%