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Jan 13
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New Zealand (NZX) Utilities Sector Analysis
UpdatedJan 16, 2026
DataAggregated Company Financials
Companies5
- 7D-1.6%
- 3M-2.0%
- 1Y0.9%
- YTD-0.8%
The Utilities industry has stayed flat over the last week. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 22% per annum.
Sector Valuation and Performance
Has the New Zealand Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 16 Jan 2026 | NZ$40.5b | NZ$16.5b | NZ$203.8m | 29.5x | 198.8x | 2.4x |
| Sun, 14 Dec 2025 | NZ$39.9b | NZ$16.5b | NZ$203.8m | 28.9x | 196x | 2.4x |
| Tue, 11 Nov 2025 | NZ$42.0b | NZ$16.5b | NZ$203.8m | 30.4x | 206.3x | 2.5x |
| Thu, 09 Oct 2025 | NZ$42.2b | NZ$16.5b | NZ$203.8m | 30x | 206.9x | 2.5x |
| Sat, 06 Sep 2025 | NZ$40.8b | NZ$16.5b | NZ$203.8m | 28.5x | 200.1x | 2.5x |
| Mon, 04 Aug 2025 | NZ$39.6b | NZ$16.5b | NZ$730.2m | 40.1x | 54.3x | 2.4x |
| Wed, 02 Jul 2025 | NZ$40.0b | NZ$17.0b | NZ$735.4m | 28.4x | 54.4x | 2.4x |
| Fri, 30 May 2025 | NZ$39.0b | NZ$17.0b | NZ$735.4m | 27.8x | 53x | 2.3x |
| Sun, 27 Apr 2025 | NZ$38.2b | NZ$17.1b | NZ$700.0m | 27.4x | 54.6x | 2.2x |
| Tue, 25 Mar 2025 | NZ$36.8b | NZ$17.1b | NZ$700.0m | 26.5x | 52.5x | 2.2x |
| Thu, 20 Feb 2025 | NZ$40.5b | NZ$16.3b | NZ$1.1b | 34.7x | 36.3x | 2.5x |
| Sat, 18 Jan 2025 | NZ$39.7b | NZ$15.9b | NZ$1.1b | 34.8x | 35.2x | 2.5x |
| Mon, 16 Dec 2024 | NZ$38.2b | NZ$15.9b | NZ$1.1b | 32.7x | 33.9x | 2.4x |
| Wed, 13 Nov 2024 | NZ$39.5b | NZ$15.9b | NZ$1.1b | 34.3x | 35.1x | 2.5x |
| Fri, 11 Oct 2024 | NZ$39.4b | NZ$15.8b | NZ$1.2b | 36.1x | 33.2x | 2.5x |
| Sun, 08 Sep 2024 | NZ$39.0b | NZ$15.8b | NZ$1.2b | 36.7x | 32.9x | 2.5x |
| Tue, 06 Aug 2024 | NZ$40.5b | NZ$13.6b | NZ$580.7m | 56.5x | 69.7x | 3x |
| Thu, 04 Jul 2024 | NZ$41.0b | NZ$13.6b | NZ$580.7m | 55.5x | 70.6x | 3x |
| Sat, 01 Jun 2024 | NZ$38.9b | NZ$13.6b | NZ$580.7m | 55.5x | 66.9x | 2.9x |
| Mon, 29 Apr 2024 | NZ$38.6b | NZ$13.6b | NZ$669.6m | 41.1x | 57.6x | 2.8x |
| Wed, 27 Mar 2024 | NZ$39.2b | NZ$13.6b | NZ$669.6m | 42.3x | 58.5x | 2.9x |
| Fri, 23 Feb 2024 | NZ$38.6b | NZ$12.7b | NZ$833.8m | 28.8x | 46.3x | 3x |
| Sun, 21 Jan 2024 | NZ$37.1b | NZ$12.1b | NZ$738.8m | 41.5x | 50.3x | 3.1x |
| Tue, 19 Dec 2023 | NZ$37.0b | NZ$12.1b | NZ$738.8m | 41.3x | 50.1x | 3.1x |
| Thu, 16 Nov 2023 | NZ$35.2b | NZ$12.1b | NZ$738.8m | 41.1x | 47.6x | 2.9x |
| Sat, 14 Oct 2023 | NZ$36.1b | NZ$12.1b | NZ$723.2m | 42.2x | 49.9x | 3x |
| Mon, 11 Sep 2023 | NZ$36.3b | NZ$12.1b | NZ$723.2m | 42.7x | 50.2x | 3x |
| Wed, 09 Aug 2023 | NZ$39.3b | NZ$12.9b | NZ$1.3b | 28x | 29.3x | 3.1x |
| Fri, 07 Jul 2023 | NZ$47.8b | NZ$14.7b | NZ$1.7b | 27.7x | 28.9x | 3.3x |
| Sun, 04 Jun 2023 | NZ$45.6b | NZ$14.7b | NZ$1.7b | 25.8x | 27.5x | 3.1x |
| Tue, 02 May 2023 | NZ$44.4b | NZ$13.8b | NZ$1.4b | 30.5x | 32.3x | 3.2x |
| Thu, 30 Mar 2023 | NZ$43.0b | NZ$13.8b | NZ$1.4b | 29.6x | 31.3x | 3.1x |
| Sat, 25 Feb 2023 | NZ$43.6b | NZ$14.2b | NZ$1.3b | 31.5x | 34.6x | 3.1x |
| Mon, 23 Jan 2023 | NZ$43.4b | NZ$13.9b | NZ$1.6b | 29x | 26.9x | 3.1x |
Price to Earnings Ratio
26.9x
Current Industry PE
- Investors are optimistic on the New Zealander Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 199x which is higher than its 3-year average PE of 65.5x.
- The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have declined 50% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.0% 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 New Zealand Utilities sector?
| NZ Market | -0.39% | |
| Utilities | -1.58% | |
| Other Utilities | -0.82% | |
| Electric Utilities | -1.01% | |
| Renewable Energy | -2.65% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 37.7x.
- Analysts are expecting annual earnings growth of 9.7%, which is lower than the prior year's growth of 29.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 42% over the next 5 years.
- In contrast, the Electric Utilities industry is expected to see its earnings grow by 9.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CEN Contact Energy | NZ$9.36 | 0.8% +NZ$69.6m | -3.2% | PE28.1x |
