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Brazilian (BOVESPA) Electric Utilities Industry Analysis

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies24
  • 7D0.5%
  • 3M5.3%
  • 1Y33.8%
  • YTD30.0%

The Electric Utilities is pretty flat in the last 7 days, but CPFL Energia has stood out, gaining 3.1%. The past year has been better, since the industry has gained 34% in that time. 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
Wed, 31 Dec 2025R$483.1bR$433.4bR$34.9b8.2x13.9x1.1x
Fri, 28 Nov 2025R$518.6bR$433.7bR$34.9b8.8x14.9x1.2x
Sun, 26 Oct 2025R$468.5bR$424.8bR$51.6b8x9.1x1.1x
Tue, 23 Sep 2025R$462.1bR$424.8bR$51.6b8.2x9x1.1x
Thu, 21 Aug 2025R$434.7bR$423.8bR$51.6b7.8x8.4x1x
Sat, 19 Jul 2025R$415.0bR$411.8bR$53.7b7.4x7.7x1x
Mon, 16 Jun 2025R$433.0bR$411.8bR$53.8b7.7x8.1x1.1x
Wed, 14 May 2025R$413.0bR$406.0bR$53.6b7.9x7.7x1x
Fri, 11 Apr 2025R$391.1bR$402.4bR$53.9b7.5x7.3x1x
Sun, 09 Mar 2025R$400.8bR$395.2bR$51.2b8x7.8x1x
Tue, 04 Feb 2025R$388.0bR$388.5bR$50.2b8.8x7.7x1x
Thu, 02 Jan 2025R$371.3bR$388.5bR$50.2b8.2x7.4x1x
Sat, 30 Nov 2024R$372.9bR$388.5bR$50.2b8.5x7.4x1x
Mon, 28 Oct 2024R$395.7bR$378.2bR$41.0b8.2x9.6x1x
Wed, 25 Sep 2024R$402.7bR$375.7bR$41.7b8x9.7x1.1x
Fri, 23 Aug 2024R$414.2bR$379.9bR$43.9b7.6x9.4x1.1x
Sun, 21 Jul 2024R$395.9bR$374.1bR$42.5b7.8x9.3x1.1x
Tue, 18 Jun 2024R$376.5bR$374.1bR$42.5b7.5x8.9x1x
Thu, 16 May 2024R$406.6bR$374.4bR$42.9b7.9x9.5x1.1x
Sat, 13 Apr 2024R$409.3bR$371.2bR$42.6b8.6x9.6x1.1x
Mon, 11 Mar 2024R$423.7bR$363.8bR$34.4b8.7x12.3x1.2x
Wed, 07 Feb 2024R$421.2bR$363.0bR$33.6b8.3x12.5x1.2x
Fri, 05 Jan 2024R$443.7bR$389.7bR$34.2b9.8x13x1.1x
Sun, 03 Dec 2023R$431.4bR$389.7bR$34.2b9x12.6x1.1x
Tue, 31 Oct 2023R$390.4bR$382.0bR$31.8b8.8x12.3x1x
Thu, 28 Sep 2023R$402.4bR$381.9bR$31.5b8.9x12.8x1.1x
Sat, 26 Aug 2023R$409.0bR$381.9bR$31.5b9.4x13x1.1x
Mon, 24 Jul 2023R$422.5bR$376.9bR$28.8b9x14.6x1.1x
Wed, 21 Jun 2023R$409.3bR$376.8bR$29.5b8.3x13.9x1.1x
Fri, 19 May 2023R$383.6bR$376.7bR$29.7b9.5x12.9x1x
Sun, 16 Apr 2023R$382.3bR$367.6bR$31.7b8.3x12.1x1x
Tue, 14 Mar 2023R$360.8bR$377.6bR$39.0b8.3x9.2x1x
Thu, 09 Feb 2023R$378.3bR$380.2bR$40.3b7.2x9.4x1x
Sat, 07 Jan 2023R$384.6bR$380.2bR$40.3b7.3x9.5x1x
Price to Earnings Ratio

9.5x


Total Market Cap: R$384.6bTotal 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 13.9x 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 Market0.13%
Utilities-0.25%
Electric Utilities0.53%
Electric Utilities0.53%
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$53.293.5%
+R$2.1b		68.7%PE11.3x
CEEB3 Companhia de Eletricidade do Estado da Bahia - COELBAR$45.457.9%
+R$875.4m		17.7%PE5.7x
EQPA3 Equatorial Pará Distribuidora de EnergiaR$5.994.0%
+R$508.1m		6.6%PE8x
TAEE11 Transmissora Aliança de Energia ElétricaR$42.113.3%
+R$461.6m		28.1%PE8.4x
CPLE3 Companhia Paranaense de Energia - COPELR$13.081.2%
+R$445.4m		58.7%PE17.7x

Latest News

CPLE3
R$13.08
Companhia Paranaense de Energia - COPEL
7D
1.2%
1Y
58.7%

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$53.29
CPFL Energia
7D
3.5%
1Y
68.7%

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.
EQTL3
R$38.50
Equatorial
7D
0.2%
1Y
40.5%

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$42.11
Transmissora Aliança de Energia Elétrica
7D
3.3%
1Y
28.1%
ENGI11
R$47.16
Energisa
7D
-0.4%
1Y
42.2%
CBEE3
R$10.00
Ampla Energia e Serviços
7D
5.3%
1Y
-0.1%

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$4.73
Light
7D
7.0%
1Y
16.5%
EQMA3B
R$31.70
Equatorial Maranhão Distribuidora de Energia
7D
-0.3%
1Y
34.6%

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
CEEB3
R$45.45
Companhia de Eletricidade do Estado da Bahia - COELBA
7D
7.9%
1Y
17.7%

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$5.99
Equatorial Pará Distribuidora de Energia
7D
4.0%
1Y
6.6%

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
-11.8%
1Y
3.4%

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$7.18
Afluente Transmissão de Energia Elétrica
7D
-3.0%
1Y
0.4%