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New Zealand (NZX) Electric Utilities Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies3
  • 7D1.7%
  • 3M7.4%
  • 1Y11.1%
  • YTD6.5%

Over the last 7 days, the Electric Utilities industry has risen 1.7%, driven by gains from every company within the industry. In the last 12 months, the industry was up 11%. 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
Sun, 07 Jun 2026NZ$23.8bNZ$10.2bNZ$674.9m26.2x35.3x2.3x
Tue, 05 May 2026NZ$23.3bNZ$10.2bNZ$674.9m26.4x34.5x2.3x
Thu, 02 Apr 2026NZ$21.4bNZ$10.2bNZ$674.9m25x31.7x2.1x
Sat, 28 Feb 2026NZ$21.4bNZ$10.2bNZ$674.9m24.7x31.7x2.1x
Mon, 26 Jan 2026NZ$20.9bNZ$10.6bNZ$501.1m27.8x41.7x2x
Wed, 24 Dec 2025NZ$21.2bNZ$10.6bNZ$501.1m28x42.3x2x
Fri, 21 Nov 2025NZ$21.0bNZ$10.6bNZ$501.1m28.2x41.8x2x
Sun, 19 Oct 2025NZ$20.9bNZ$10.6bNZ$501.1m27.2x41.8x2x
Tue, 16 Sep 2025NZ$21.3bNZ$10.6bNZ$501.1m27.1x42.4x2x
Thu, 14 Aug 2025NZ$20.2bNZ$10.3bNZ$436.1m39.6x46.4x2x
Sat, 12 Jul 2025NZ$20.6bNZ$10.8bNZ$435.3m32.7x47.2x1.9x
Mon, 09 Jun 2025NZ$20.4bNZ$10.8bNZ$435.3m33.3x46.8x1.9x
Wed, 07 May 2025NZ$19.6bNZ$10.8bNZ$399.9m32.8x49.1x1.8x
Fri, 04 Apr 2025NZ$19.2bNZ$10.8bNZ$399.9m32.5x48.1x1.8x
Sun, 02 Mar 2025NZ$19.6bNZ$10.8bNZ$399.9m33x49x1.8x
Tue, 28 Jan 2025NZ$20.4bNZ$9.9bNZ$619.9m29.2x32.9x2.1x
Thu, 26 Dec 2024NZ$20.2bNZ$9.9bNZ$619.9m29.4x32.5x2x
Sat, 23 Nov 2024NZ$20.4bNZ$9.9bNZ$619.9m29.4x32.8x2.1x
Mon, 21 Oct 2024NZ$20.6bNZ$9.8bNZ$679.4m31.4x30.3x2.1x
Wed, 18 Sep 2024NZ$18.8bNZ$9.8bNZ$679.4m28.2x27.7x1.9x
Fri, 16 Aug 2024NZ$20.0bNZ$8.5bNZ$437.0m40.6x45.9x2.4x
Sun, 14 Jul 2024NZ$20.1bNZ$8.5bNZ$437.0m41.7x45.9x2.4x
Tue, 11 Jun 2024NZ$20.0bNZ$8.5bNZ$437.0m41.3x45.8x2.3x
Thu, 09 May 2024NZ$19.5bNZ$8.5bNZ$526.0m25.8x37x2.3x
Sat, 06 Apr 2024NZ$20.1bNZ$8.5bNZ$526.0m26.4x38.2x2.4x
Mon, 04 Mar 2024NZ$19.9bNZ$8.5bNZ$526.0m26x37.8x2.3x
Wed, 31 Jan 2024NZ$19.8bNZ$7.6bNZ$538.0m32.3x36.8x2.6x
Fri, 29 Dec 2023NZ$19.5bNZ$7.6bNZ$538.0m31.8x36.2x2.5x
Sun, 26 Nov 2023NZ$18.5bNZ$7.6bNZ$538.0m30.5x34.4x2.4x
Tue, 24 Oct 2023NZ$18.3bNZ$7.7bNZ$522.4m31.5x35.1x2.4x
Thu, 21 Sep 2023NZ$19.1bNZ$7.7bNZ$522.4m32.5x36.6x2.5x
Sat, 19 Aug 2023NZ$20.8bNZ$7.8bNZ$778.2m26.2x26.7x2.7x
Mon, 17 Jul 2023NZ$29.1bNZ$9.7bNZ$1.0b26.6x28.9x3x
Wed, 14 Jun 2023NZ$26.3bNZ$9.7bNZ$1.0b22.8x26.1x2.7x
Price to Earnings Ratio

26.1x


Total Market Cap: NZ$26.3bTotal 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 Market-0.28%
Utilities0.93%
Electric Utilities1.67%
Electric Utilities1.67%
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$2.645.2%
+NZ$170.1m		16.8%PE17.8x
MCY Mercury NZNZ$7.061.6%
+NZ$156.8m		18.3%PE114.3x
CEN Contact EnergyNZ$9.600.6%
+NZ$64.2m		3.2%PE26.2x

Latest News

MCY
NZ$7.06
Mercury NZ
7D
1.6%
1Y
18.3%
Narrative Update • Jun 04

MCY: Geothermal Investment And Margin Improvements Will Support A Steady Forward Outlook

Analysts have nudged their price target for Mercury NZ slightly higher to around NZ$7.12, citing updated assumptions that pair more conservative revenue growth with a modestly stronger profit margin and an essentially unchanged forward P/E multiple. What's in the News Mercury NZ held an Analyst/Investor Day, giving the market a closer look at its plans and assumptions, including updates on growth projects and capital allocation.
CEN
NZ$9.60
Contact Energy
7D
0.6%
1Y
3.2%
Narrative Update • Jun 04

CEN: Equity Raise And Stake Sale Are Expected To Support Future Returns

Analysts have kept their NZ$10.51 price target for Contact Energy broadly unchanged, citing only very small tweaks to inputs such as discount rate, profit margin and future P/E assumptions that do not materially alter their overall valuation view. What's in the News Infratil Limited, via Infratil Investments Limited, agreed to sell 53.5 million Contact Energy shares, equal to 5% of the company’s issued share capital, through a fully underwritten block trade at NZ$9.25 per share, raising about NZ$495.2 million in gross proceeds.
GNE
NZ$2.64
Genesis Energy
7D
5.2%
1Y
16.8%