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New Zealand (NZX) Electric Utilities Industry Analysis

UpdatedMay 26, 2026
DataAggregated Company Financials
Companies3
  • 7D-1.8%
  • 3M5.1%
  • 1Y8.4%
  • YTD3.9%

Over the last 7 days, the Electric Utilities industry has dropped 3.0%, driven by pullbacks from every company within the industry. This takes the industry's 12 month performance to a gain of 6.4%. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 May 2026NZ$23.2bNZ$10.2bNZ$674.9m25.7x34.4x2.3x
Thu, 23 Apr 2026NZ$22.5bNZ$10.2bNZ$674.9m25.6x33.3x2.2x
Sat, 21 Mar 2026NZ$21.4bNZ$10.2bNZ$674.9m24.4x31.7x2.1x
Mon, 16 Feb 2026NZ$21.2bNZ$10.6bNZ$501.1m28.8x42.4x2x
Wed, 14 Jan 2026NZ$21.2bNZ$10.6bNZ$501.1m27.6x42.3x2x
Fri, 12 Dec 2025NZ$20.7bNZ$10.6bNZ$501.1m28.1x41.4x2x
Sun, 09 Nov 2025NZ$21.5bNZ$10.6bNZ$501.1m28.6x42.9x2x
Tue, 07 Oct 2025NZ$21.2bNZ$10.6bNZ$501.1m27.4x42.4x2x
Thu, 04 Sep 2025NZ$20.8bNZ$10.6bNZ$501.1m27.1x41.6x2x
Sat, 02 Aug 2025NZ$20.2bNZ$10.3bNZ$436.1m40.1x46.4x2x
Mon, 30 Jun 2025NZ$20.3bNZ$10.8bNZ$435.3m32.4x46.7x1.9x
Wed, 28 May 2025NZ$20.4bNZ$10.8bNZ$435.3m32.6x46.8x1.9x
Fri, 25 Apr 2025NZ$19.3bNZ$10.8bNZ$399.9m32.2x48.2x1.8x
Sun, 23 Mar 2025NZ$18.5bNZ$10.8bNZ$399.9m30.5x46.2x1.7x
Tue, 18 Feb 2025NZ$20.7bNZ$10.3bNZ$608.9m31.3x34x2x
Thu, 16 Jan 2025NZ$19.9bNZ$9.9bNZ$619.9m29.2x32.1x2x
Sat, 14 Dec 2024NZ$19.7bNZ$9.9bNZ$619.9m27.6x31.7x2x
Mon, 11 Nov 2024NZ$20.1bNZ$9.9bNZ$619.9m29x32.4x2x
Wed, 09 Oct 2024NZ$19.6bNZ$9.8bNZ$679.4m29.8x28.9x2x
Fri, 06 Sep 2024NZ$19.5bNZ$9.8bNZ$679.4m29.8x28.7x2x
Sun, 04 Aug 2024NZ$20.1bNZ$8.5bNZ$437.0m42.3x45.9x2.4x
Tue, 02 Jul 2024NZ$20.2bNZ$8.5bNZ$437.0m40.8x46.2x2.4x
Thu, 30 May 2024NZ$19.6bNZ$8.5bNZ$437.0m40.9x44.7x2.3x
Sat, 27 Apr 2024NZ$19.5bNZ$8.5bNZ$526.0m25.8x37.1x2.3x
Mon, 25 Mar 2024NZ$20.0bNZ$8.5bNZ$526.0m26x38.1x2.4x
Wed, 21 Feb 2024NZ$19.7bNZ$8.0bNZ$698.0m18.1x28.3x2.5x
Fri, 19 Jan 2024NZ$19.5bNZ$7.6bNZ$538.0m31.9x36.2x2.5x
Sun, 17 Dec 2023NZ$19.1bNZ$7.6bNZ$538.0m31.2x35.5x2.5x
Tue, 14 Nov 2023NZ$18.3bNZ$7.6bNZ$538.0m30.4x34.1x2.4x
Thu, 12 Oct 2023NZ$18.9bNZ$7.7bNZ$522.4m32.2x36.2x2.5x
Sat, 09 Sep 2023NZ$19.0bNZ$7.7bNZ$522.4m32.4x36.5x2.5x
Mon, 07 Aug 2023NZ$20.9bNZ$7.9bNZ$692.2m26.1x30.2x2.6x
Wed, 05 Jul 2023NZ$29.4bNZ$9.7bNZ$1.0b27.1x29.2x3x
Fri, 02 Jun 2023NZ$26.9bNZ$9.7bNZ$1.0b23.1x26.8x2.8x
Price to Earnings Ratio

26.8x


Total Market Cap: NZ$26.9bTotal Earnings: NZ$1.0bTotal Revenue: NZ$9.7bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Electric Utilities Industry Price to Earnings3Y Average 38.1x202420252026
Current Industry PE
    There are only 3 companies in the New Zealander Electric Utilities industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have declined 12% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 industry?

NZ Market1.26%
Utilities-0.94%
Electric Utilities-1.83%
Electric Utilities-1.83%
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
GNE Genesis EnergyNZ$2.470.8%
+NZ$26.2m		7.9%PE16.7x

Latest News

CEN
NZ$9.35
Contact Energy
7D
-6.3%
1Y
2.9%
Narrative Update • May 20

CEN: Equity Raise And Margins Are Expected To Support Future Returns

Analysts have trimmed their price target for Contact Energy slightly to NZ$10.51 from NZ$10.64, reflecting updated assumptions around discount rates, profit margins and future P/E expectations. What's in the News Contact Energy completed a follow on equity offering totaling NZ$125 million in ordinary shares.
MCY
NZ$6.95
Mercury NZ
7D
-2.9%
1Y
13.9%
GNE
NZ$2.47
Genesis Energy
7D
0.8%
1Y
7.9%