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Brazilian (BOVESPA) Electric Utilities Industry Analysis

UpdatedAug 11, 2026
DataAggregated Company Financials
Companies23
  • 7D-3.9%
  • 3M-5.3%
  • 1Y7.0%
  • YTD-2.6%

Over the last 7 days, the Electric Utilities industry has dropped 1.5%, driven by a pullback from AXIA Energia of 3.2%. Over the past 12 months, the industry was up 10.0%. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Aug 2026R$463.5bR$400.0bR$45.0b9.3x10.3x1.2x
Thu, 09 Jul 2026R$474.8bR$395.0bR$42.4b9.3x11.2x1.2x
Sat, 06 Jun 2026R$468.3bR$394.6bR$42.0b8.9x11.1x1.2x
Mon, 04 May 2026R$571.9bR$436.7bR$42.4b9.3x13.5x1.3x
Wed, 01 Apr 2026R$556.4bR$436.7bR$42.4b9.5x13.1x1.3x
Fri, 27 Feb 2026R$570.1bR$434.0bR$35.4b8.7x16.1x1.3x
Sun, 25 Jan 2026R$541.3bR$433.4bR$34.9b8.5x15.5x1.2x
Tue, 23 Dec 2025R$505.2bR$433.4bR$34.9b8.2x14.5x1.2x
Thu, 20 Nov 2025R$507.9bR$433.7bR$34.9b8.5x14.6x1.2x
Sat, 18 Oct 2025R$467.2bR$424.8bR$51.6b8.3x9.1x1.1x
Mon, 15 Sep 2025R$451.1bR$424.8bR$51.6b8.2x8.7x1.1x
Wed, 13 Aug 2025R$448.5bR$418.5bR$51.4b7.7x8.7x1.1x
Fri, 11 Jul 2025R$419.7bR$411.8bR$53.7b7.8x7.8x1x
Sun, 08 Jun 2025R$433.3bR$411.8bR$53.8b7.6x8.1x1.1x
Tue, 06 May 2025R$408.5bR$403.3bR$53.8b7.8x7.6x1x
Thu, 03 Apr 2025R$390.3bR$402.4bR$53.9b7.6x7.2x1x
Sat, 01 Mar 2025R$392.4bR$394.4bR$50.2b8.8x7.8x1x
Mon, 27 Jan 2025R$373.7bR$388.5bR$50.2b8.4x7.4x1x
Wed, 25 Dec 2024R$372.5bR$388.5bR$50.2b8.4x7.4x1x
Fri, 22 Nov 2024R$392.3bR$388.3bR$50.2b8.6x7.8x1x
Sun, 20 Oct 2024R$397.6bR$375.7bR$41.7b8.3x9.5x1.1x
Tue, 17 Sep 2024R$414.9bR$375.7bR$41.7b8.1x10x1.1x
Thu, 15 Aug 2024R$412.6bR$376.6bR$42.1b7.6x9.8x1.1x
Sat, 13 Jul 2024R$407.5bR$374.1bR$42.5b7.9x9.6x1.1x
Mon, 10 Jun 2024R$386.6bR$374.4bR$43.0b7.7x9x1x
Wed, 08 May 2024R$406.5bR$371.6bR$42.5b8x9.6x1.1x
Fri, 05 Apr 2024R$417.3bR$371.2bR$42.6b8.7x9.8x1.1x
Sun, 03 Mar 2024R$420.2bR$362.8bR$33.9b8.3x12.4x1.2x
Tue, 30 Jan 2024R$438.7bR$389.7bR$34.2b9.5x12.8x1.1x
Thu, 28 Dec 2023R$444.9bR$389.7bR$34.2b9x13x1.1x
Sat, 25 Nov 2023R$430.9bR$389.7bR$34.2b9x12.6x1.1x
Mon, 23 Oct 2023R$389.1bR$381.9bR$31.5b8.9x12.3x1x
Wed, 20 Sep 2023R$411.5bR$381.9bR$31.5b9.2x13.1x1.1x
Fri, 18 Aug 2023R$403.4bR$381.2bR$30.1b9.4x13.4x1.1x
Price to Earnings Ratio

13.4x


Total Market Cap: R$403.4bTotal Earnings: R$30.1bTotal Revenue: R$381.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Electric Utilities Industry Price to Earnings3Y Average 10.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the Brazilian Electric Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 10.6x.
  • 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 grown 15% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Brazilian Utilities industry?

BR Market-3.25%
Utilities-4.42%
Electric Utilities-3.88%
Electric Utilities-3.88%
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
REDE3 Rede Energia ParticipaçõesR$5.831.4%
+R$205.5m		-13.2%PE13.2x
CEEB3 Companhia de Eletricidade do Estado da Bahia - COELBAR$46.871.0%
+R$120.6m		25.0%PE8.2x
EQMA3B Equatorial Maranhão Distribuidora de EnergiaR$29.401.3%
+R$62.4m		13.9%PE5.5x

Latest News

ENGI11
R$46.32
Energisa
7D
-8.0%
1Y
4.3%
CPLE3
R$14.30
Companhia Paranaense de Energia - COPEL
7D
-4.2%
1Y
23.2%
Analysis Article • Aug 09

Results: Companhia Paranaense de Energia - COPEL Exceeded Expectations And The Consensus Has Updated Its Estimates

Companhia Paranaense de Energia - COPEL ( BVMF:CPLE3 ) just released its second-quarter report and things are looking...
ALUP11
R$31.27
Alupar Investimento
7D
-5.1%
1Y
6.3%
AXIA3
R$51.85
AXIA Energia
7D
-3.5%
1Y
14.0%
CEEB3
R$46.87
Companhia de Eletricidade do Estado da Bahia - COELBA
7D
1.0%
1Y
25.0%
CPFE3
R$44.40
CPFL Energia
7D
-4.2%
1Y
12.3%
Narrative Update • Jul 21

CPFE3: Higher Margin Outlook Will Support Stronger Forward Earnings Power

Analysts have raised their fair value estimate for CPFL Energia from R$54.59 to R$58.70, citing revised assumptions for revenue growth, profit margins, the discount rate, and the forward P/E multiple. Analyst Commentary Bullish analysts view the higher fair value estimate for CPFL Energia as a reflection of improved confidence in the company’s ability to support its valuation through the updated revenue, margin, discount rate, and forward P/E assumptions.
EQPA3
R$5.24
Equatorial Pará Distribuidora de Energia
7D
-4.4%
1Y
-9.0%
TAEE11
R$38.50
Transmissora Aliança de Energia Elétrica
7D
-3.5%
1Y
14.7%
Narrative Update • Jun 17

TAEE11: Stable Margins And P/E Assumptions Will Shape Future Returns

Analysts have nudged their price target for Transmissora Aliança de Energia Elétrica slightly higher to R$37.69 from R$37.33. The change reflects updated assumptions around revenue contraction, profit margins and a forward P/E of about 12.2x.
EQTL3
R$36.77
Equatorial
7D
-6.2%
1Y
1.2%
Narrative Update • Jun 17

EQTL3: 2026 Meeting Will Support Steady Outlook And Bullish View

Analysts kept their fair value estimate for Equatorial steady at R$50.67 while making only small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions. These changes resulted in no material change to the overall price target narrative.
EQMA3B
R$29.40
Equatorial Maranhão Distribuidora de Energia
7D
1.3%
1Y
13.9%
REDE3
R$5.83
Rede Energia Participações
7D
1.4%
1Y
-13.2%
Analysis Article • May 18

Rede Energia Participações' (BVMF:REDE3) Shareholders Have More To Worry About Than Only Soft Earnings

The subdued market reaction suggests that Rede Energia Participações S.A.'s ( BVMF:REDE3 ) recent earnings didn't...