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Brazilian (BOVESPA) Electric Utilities Industry Analysis

UpdatedDec 27, 2025
DataAggregated Company Financials
Companies24
  • 7D-5.2%
  • 3M6.6%
  • 1Y32.3%
  • YTD30.2%

Over the last 7 days, the Electric Utilities industry has dropped 5.6%, driven by a pullback from Equatorial of 0.7%. This takes the industry's 12 month performance to a gain of 32%. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Dec 2025R$479.6bR$433.4bR$34.9b8.3x13.8x1.1x
Mon, 24 Nov 2025R$502.2bR$433.7bR$34.9b8.4x14.4x1.2x
Wed, 22 Oct 2025R$467.6bR$424.8bR$51.6b8.1x9.1x1.1x
Fri, 19 Sep 2025R$460.7bR$424.8bR$51.6b8.1x8.9x1.1x
Sun, 17 Aug 2025R$441.7bR$422.4bR$52.1b8x8.5x1x
Tue, 15 Jul 2025R$414.8bR$411.8bR$53.7b7.5x7.7x1x
Thu, 12 Jun 2025R$432.1bR$411.8bR$53.8b7.7x8x1x
Sat, 10 May 2025R$412.1bR$406.0bR$53.6b7.8x7.7x1x
Mon, 07 Apr 2025R$390.8bR$402.4bR$53.9b7.5x7.2x1x
Wed, 05 Mar 2025R$392.5bR$395.2bR$51.2b7.7x7.7x1x
Fri, 31 Jan 2025R$380.0bR$388.5bR$50.2b8.6x7.6x1x
Sun, 29 Dec 2024R$373.9bR$388.5bR$50.2b8.4x7.4x1x
Tue, 26 Nov 2024R$390.3bR$388.3bR$50.2b8.7x7.8x1x
Thu, 24 Oct 2024R$398.2bR$378.5bR$41.0b8.3x9.7x1.1x
Sat, 21 Sep 2024R$406.9bR$375.7bR$41.7b8.1x9.8x1.1x
Mon, 19 Aug 2024R$410.3bR$379.9bR$43.9b7.6x9.3x1.1x
Wed, 17 Jul 2024R$407.0bR$374.1bR$42.5b7.9x9.6x1.1x
Fri, 14 Jun 2024R$382.4bR$374.4bR$43.0b7.6x8.9x1x
Sun, 12 May 2024R$398.3bR$374.0bR$43.3b7.8x9.2x1.1x
Tue, 09 Apr 2024R$419.0bR$371.2bR$42.6b8.7x9.8x1.1x
Thu, 07 Mar 2024R$421.9bR$363.0bR$33.9b8.9x12.4x1.2x
Sat, 03 Feb 2024R$436.0bR$389.7bR$34.2b9.6x12.8x1.1x
Mon, 01 Jan 2024R$448.7bR$389.7bR$34.2b9.2x13.1x1.2x
Wed, 29 Nov 2023R$430.4bR$389.7bR$34.2b9.1x12.6x1.1x
Fri, 27 Oct 2023R$391.4bR$382.3bR$31.7b8.9x12.3x1x
Sun, 24 Sep 2023R$409.4bR$381.9bR$31.5b9x13x1.1x
Tue, 22 Aug 2023R$402.7bR$381.1bR$30.0b9.3x13.4x1.1x
Thu, 20 Jul 2023R$415.4bR$376.9bR$28.8b9x14.4x1.1x
Sat, 17 Jun 2023R$404.5bR$376.8bR$29.5b8.3x13.7x1.1x
Mon, 15 May 2023R$385.3bR$372.3bR$30.1b9.2x12.8x1x
Wed, 12 Apr 2023R$375.4bR$367.6bR$31.7b8.1x11.8x1x
Fri, 10 Mar 2023R$360.6bR$377.6bR$39.0b7.8x9.2x1x
Sun, 05 Feb 2023R$381.4bR$380.2bR$40.3b7.2x9.5x1x
Tue, 03 Jan 2023R$386.8bR$380.2bR$40.3b6.9x9.6x1x
Price to Earnings Ratio

9.6x


Total Market Cap: R$386.8bTotal Earnings: R$40.3bTotal Revenue: R$380.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Electric Utilities Industry Price to Earnings3Y Average 10.3x20242025
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 13.8x which is higher than its 3-year average PE of 10.3x.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
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 Market0.34%
Utilities-3.10%
Electric Utilities-5.17%
Electric Utilities-5.17%
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
CPFE3 CPFL EnergiaR$53.234.1%
+R$2.4b		68.7%PE11.3x
CPLE3 Companhia Paranaense de Energia - COPELR$13.001.0%
+R$386.1m		57.4%PE17.6x
REDE3 Rede Energia ParticipaçõesR$6.281.5%
+R$231.1m		0.2%PE11.4x
EQPA3 Equatorial Pará Distribuidora de EnergiaR$5.831.6%
+R$198.8m		3.0%PE7.8x
ALUP11 Alupar InvestimentoR$31.981.8%
+R$187.9m		25.2%PE9.1x

Latest News

CPLE3
R$13.00
Companhia Paranaense de Energia - COPEL
7D
1.0%
1Y
57.4%

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
NEOE3
R$32.35
Neoenergia
7D
0.09%
1Y
70.1%

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$6.28
Rede Energia Participações
7D
1.5%
1Y
0.2%
EQTL3
R$38.50
Equatorial
7D
-0.5%
1Y
39.3%

EQTL3: Future Earnings Multiple Will Support Bullish Undervaluation Narrative

Analysts have modestly raised their price target on Equatorial by about $0.36 per share to reflect a slightly lower perceived risk, marginally improved long term revenue expectations, and a still supportive future P/E outlook despite a small downward revision to profit margin assumptions. Valuation Changes Fair Value: R$45.52 has risen slightly to about R$45.88, reflecting a modest uplift in intrinsic value estimates.
TAEE11
R$41.36
Transmissora Aliança de Energia Elétrica
7D
1.2%
1Y
25.8%
CPFE3
R$53.23
CPFL Energia
7D
4.1%
1Y
68.7%

CPFE3: Higher Earnings Multiple Will Likely Deepen Future Overvaluation Risk

Analysts have modestly raised their price target on CPFL Energia to BRL 43.28 from BRL 42.66. This reflects slightly improved long term revenue expectations despite marginally softer profit margin assumptions and a higher implied future P/E multiple.
EQMA3B
R$31.80
Equatorial Maranhão Distribuidora de Energia
7D
1.0%
1Y
35.0%

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$31.98
Alupar Investimento
7D
1.8%
1Y
25.2%

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
CEEB3
R$43.00
Companhia de Eletricidade do Estado da Bahia - COELBA
7D
-0.2%
1Y
11.4%

Returns At Companhia de Eletricidade do Estado da Bahia - COELBA (BVMF:CEEB3) Are On The Way Up

Nov 26
Returns At Companhia de Eletricidade do Estado da Bahia - COELBA (BVMF:CEEB3) Are On The Way Up
EQPA3
R$5.83
Equatorial Pará Distribuidora de Energia
7D
1.6%
1Y
3.0%

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$33.99
Rio Paranapanema Energia
7D
-0.03%
1Y
25.9%

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