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Colombian (COLCAP) Utilities Sector Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies7
  • 7D-0.4%
  • 3M12.3%
  • 1Y32.6%
  • YTD14.9%

In the last week, the Utilities industry is flat overall, with Interconexión Eléctrica E.S.P standing out by going down 6.1%. The past year has been better, since the industry has gained 29% in that time. Looking forward, earnings are forecast to grow by 7.2% annually.

Sector Valuation and Performance

Has the Colombian Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 31 Jan 2026Col$85.1tCol$44.1tCol$6.8t11.6x12.4x1.9x
Mon, 29 Dec 2025Col$75.2tCol$44.1tCol$6.8t10.6x11x1.7x
Wed, 26 Nov 2025Col$73.2tCol$44.1tCol$4.7t11x15.6x1.7x
Fri, 24 Oct 2025Col$73.7tCol$43.7tCol$7.0t9.9x10.5x1.7x
Sun, 21 Sep 2025Col$70.3tCol$43.7tCol$7.0t9.5x10x1.6x
Tue, 19 Aug 2025Col$73.3tCol$44.2tCol$7.1t9.8x10.3x1.7x
Thu, 17 Jul 2025Col$70.1tCol$44.9tCol$7.3t7.8x9.5x1.6x
Sat, 14 Jun 2025Col$67.7tCol$44.8tCol$7.3t7.4x9.2x1.5x
Mon, 12 May 2025Col$70.6tCol$44.5tCol$7.0t8.4x10.1x1.6x
Wed, 09 Apr 2025Col$67.4tCol$44.1tCol$6.9t7.9x9.7x1.5x
Fri, 07 Mar 2025Col$66.4tCol$44.5tCol$7.0t7.7x9.4x1.5x
Sun, 02 Feb 2025Col$64.6tCol$42.2tCol$6.9t7.7x9.4x1.5x
Tue, 31 Dec 2024Col$60.8tCol$43.1tCol$6.9t7.6x8.8x1.4x
Thu, 28 Nov 2024Col$62.7tCol$43.0tCol$6.9t8x9.1x1.5x
Sat, 26 Oct 2024Col$63.6tCol$41.6tCol$6.4t8.7x9.9x1.5x
Mon, 23 Sep 2024Col$63.4tCol$41.6tCol$6.4t8.5x9.8x1.5x
Wed, 21 Aug 2024Col$63.4tCol$41.3tCol$6.4t8.7x9.9x1.5x
Fri, 19 Jul 2024Col$64.2tCol$40.6tCol$6.4t8.8x10x1.6x
Sun, 16 Jun 2024Col$62.5tCol$40.6tCol$6.4t8.5x9.7x1.5x
Tue, 14 May 2024Col$64.0tCol$40.7tCol$6.6t9x9.8x1.6x
Thu, 11 Apr 2024Col$63.9tCol$41.1tCol$6.7t8.9x9.5x1.6x
Sat, 09 Mar 2024Col$58.7tCol$40.8tCol$7.0t7.3x8.4x1.4x
Mon, 05 Feb 2024Col$55.6tCol$41.0tCol$7.0t7.1x8x1.4x
Wed, 03 Jan 2024Col$50.7tCol$41.0tCol$7.0t6.5x7.3x1.2x
Fri, 01 Dec 2023Col$48.6tCol$40.4tCol$7.0t5.9x6.9x1.2x
Sun, 29 Oct 2023Col$46.3tCol$40.5tCol$7.2t5.7x6.4x1.1x
Tue, 26 Sep 2023Col$46.0tCol$40.5tCol$7.2t5.5x6.4x1.1x
Thu, 24 Aug 2023Col$48.9tCol$39.8tCol$7.1t6x6.9x1.2x
Sat, 22 Jul 2023Col$51.5tCol$39.4tCol$7.3t6.1x7.1x1.3x
Mon, 19 Jun 2023Col$52.1tCol$39.4tCol$7.3t6x7.2x1.3x
Wed, 17 May 2023Col$50.6tCol$38.3tCol$7.3t6.5x7x1.3x
Fri, 14 Apr 2023Col$50.0tCol$36.6tCol$7.0t6.5x7.1x1.4x
Sun, 12 Mar 2023Col$47.1tCol$36.3tCol$7.1t6.5x6.6x1.3x
Tue, 07 Feb 2023Col$49.7tCol$34.9tCol$7.2t6.5x6.9x1.4x
Price to Earnings Ratio

6.9x


Total Market Cap: Col$49.7tTotal Earnings: Col$7.2tTotal Revenue: Col$34.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Colombian Utilities Sector Price to Earnings3Y Average 8.8x202420252026
Current Industry PE
  • Investors are optimistic on the Colombian Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 12.5x which is higher than its 3-year average PE of 8.8x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 8.1% 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 and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Colombian Utilities sector?

CO Market0.55%
Utilities-0.41%
Gas Utilities0.88%
Electric Utilities-1.45%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 10.1x.
    • Analysts are expecting annual earnings decline of 0.05%, which is lower than the prior year's growth of 3.7% per year.
  • Investors are most pessimistic about the Gas Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.8x.
Forecasted Growth
  • Analysts are most optimistic on the Gas Utilities industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings growth rate of 7.2% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GEB Grupo Energía Bogotá E.S.PCol$3.28k0.8%
+Col$229.5b		21.3%PE11.5x
CELSIA CELSIA E.S.PCol$5.26k3.3%
+Col$177.1b		41.4%PE26x
PROMIGAS Promigas E.S.PCol$6.88k1.3%
+Col$102.1b		-2.7%PE7.1x

Latest News

CELSIA
Col$5,260.00
CELSIA E.S.P
7D
3.3%
1Y
41.4%

CELSIA: Future Returns Will Rely On Slightly Lower Risk And Higher P/E

Analysts have lifted their price target on CELSIA E.S.P. from COP 5,650 to COP 5,750, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E, which slightly adjust their outlook on the company’s risk and earnings profile. Valuation Changes Fair Value: The updated analyst fair value estimate has moved from COP 5,650 to COP 5,750, a COP 100 increase in the target level.
GEB
Col$3,275.00
Grupo Energía Bogotá E.S.P
7D
0.8%
1Y
21.3%

GEB: Stable Fair Value And Margin Assumptions Will Support Further Upside

Analysts kept their price target for Grupo Energía Bogotá E.S.P. steady at COP3,900, describing this as consistent with only slight adjustments to assumptions around discount rate, revenue growth, profit margin and forward P/E expectations. Valuation Changes Fair Value Estimate: Kept unchanged at COP3,900 per share, indicating no revision to the central valuation output.
ISA
Col$30,300.00
Interconexión Eléctrica E.S.P
7D
-7.1%
1Y
64.0%

ISA: Heavy Transmission Spending Will Pressure Returns At Current Earnings Multiple

Analysts have kept their price target for Interconexión Eléctrica E.S.P. broadly in line with prior levels at COP$26,250, with only minor tweaks to assumptions, such as a slightly lower discount rate and a small adjustment to the future P/E, helping to fine tune their valuation view. What's in the News ISA is expected to invest between COP$6.2t and COP$6.8t in 2026, representing about 26% of the Ecopetrol Group's annual budget, according to recent reports (Key Developments).
PROMIGAS
Col$6,880.00
Promigas E.S.P
7D
1.3%
1Y
-2.7%