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Romanian (BET) Utilities Sector Analysis

UpdatedSep 20, 2026
DataAggregated Company Financials
Companies9
  • 7D1.4%
  • 3M0.4%
  • 1Y58.3%
  • YTD39.8%

Over the last 7 days, the Utilities industry has risen 1.4%, driven by gains from S.P.E.E.H. Hidroelectrica of 4.2%. During this same period, the S.N.T.G.N. Transgaz underperformed, falling 8.2%. In the last 12 months, the industry was up 58%. Looking forward, earnings are forecast to decline by 5.5% per year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 21 Sep 2026RON 147.5bRON 48.6bRON 9.5b20.6x15.5x3x
Wed, 19 Aug 2026RON 155.4bRON 48.6bRON 9.7b18.7x16x3.2x
Fri, 17 Jul 2026RON 164.4bRON 48.1bRON 9.6b19.9x17.2x3.4x
Sun, 14 Jun 2026RON 142.7bRON 48.1bRON 9.6b17.2x14.9x3x
Tue, 12 May 2026RON 143.7bRON 45.9bRON 8.2b18.1x17.6x3.1x
Thu, 09 Apr 2026RON 128.7bRON 45.7bRON 8.2b17.2x15.7x2.8x
Sat, 07 Mar 2026RON 120.2bRON 45.3bRON 7.9b17.9x15.3x2.7x
Mon, 02 Feb 2026RON 120.7bRON 45.1bRON 7.6b15.3x15.8x2.7x
Wed, 31 Dec 2025RON 104.1bRON 45.1bRON 7.6b13.5x13.7x2.3x
Fri, 28 Nov 2025RON 99.2bRON 44.7bRON 7.4b12.9x13.4x2.2x
Sun, 26 Oct 2025RON 97.9bRON 44.2bRON 7.1b11.2x13.9x2.2x
Tue, 23 Sep 2025RON 92.1bRON 44.2bRON 7.1b9.2x13x2.1x
Thu, 21 Aug 2025RON 92.8bRON 43.1bRON 6.7b13.8x13.9x2.2x
Sat, 19 Jul 2025RON 90.0bRON 44.2bRON 7.1b11.7x12.7x2x
Mon, 16 Jun 2025RON 84.8bRON 44.2bRON 7.1b10.1x12x1.9x
Wed, 14 May 2025RON 80.3bRON 43.1bRON 7.3b12.7x11x1.9x
Fri, 11 Apr 2025RON 81.9bRON 44.6bRON 7.6b13.3x10.8x1.8x
Sun, 09 Mar 2025RON 84.0bRON 44.2bRON 8.3b12.5x10.2x1.9x
Tue, 04 Feb 2025RON 82.2bRON 43.3bRON 8.2b9.9x10x1.9x
Thu, 02 Jan 2025RON 81.5bRON 43.3bRON 8.2b9.7x9.9x1.9x
Sat, 30 Nov 2024RON 79.3bRON 43.0bRON 8.1b9.9x9.8x1.8x
Mon, 28 Oct 2024RON 82.5bRON 42.7bRON 8.7b9.9x9.5x1.9x
Wed, 25 Sep 2024RON 83.6bRON 42.7bRON 8.7b9.9x9.7x2x
Fri, 23 Aug 2024RON 85.7bRON 41.0bRON 8.9b9.4x9.6x2.1x
Sun, 21 Jul 2024RON 88.2bRON 43.3bRON 10.2b8.8x8.6x2x
Tue, 18 Jun 2024RON 83.6bRON 43.3bRON 10.2b8.5x8.2x1.9x
Thu, 16 May 2024RON 85.7bRON 40.1bRON 10.0b9.5x8.6x2.1x
Sat, 13 Apr 2024RON 83.8bRON 36.1bRON 10.2b9.3x8.2x2.3x
Mon, 11 Mar 2024RON 82.1bRON 36.2bRON 10.3b7x8x2.3x
Wed, 07 Feb 2024RON 82.6bRON 38.4bRON 9.7b8.9x8.5x2.2x
Fri, 05 Jan 2024RON 82.6bRON 38.4bRON 9.7b8.7x8.5x2.2x
Sun, 03 Dec 2023RON 81.1bRON 39.6bRON 10.0b7.5x8.1x2.1x
Tue, 31 Oct 2023RON 75.7bRON 40.4bRON 10.3b4.9x7.4x1.9x
Thu, 28 Sep 2023RON 76.8bRON 40.4bRON 10.3b5x7.5x1.9x
Price to Earnings Ratio

7.5x


Total Market Cap: RON 76.8bTotal Earnings: RON 10.3bTotal Revenue: RON 40.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Romanian Utilities Sector Price to Earnings3Y Average 11.5x202420252026
Current Industry PE
  • Investors are optimistic on the Romanian Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 15.5x which is higher than its 3-year average PE of 11.5x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have declined 2.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.4% 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 Romanian Utilities sector?

RO Market-0.41%
Utilities1.43%
Renewable Energy4.17%
Electric Utilities0.15%
Other Utilities0%0
Water Utilities0%0
Gas Utilities-8.24%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 17.9x.
    • Analysts are expecting annual earnings growth of 8.5%, which is higher than its past year's earnings decline of 11.7% per year.
  • Investors are most pessimistic about the Electric Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.7x.
Forecasted Growth
  • Analysts are most optimistic on the Gas Utilities industry, expecting annual earnings growth of 8.5% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings decline by 27% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
H2O S.P.E.E.H. HidroelectricaRON 185.004.2%
+RON 3.3b		48.6%PE19.1x
EL Societatea Energetica ElectricaRON 53.007.1%
+RON 1.2b		181.9%PE16.6x
GREEN Green Tech InternationalRON 13.4013.6%
+RON 127.7m		-6.0%PE650x

Latest News

SNN
RON 55.50
S.N. Nuclearelectrica
7D
-5.6%
1Y
23.3%
Narrative Update • Sep 17

SNN: Richer P E Multiple And Softer Margins Will Pressure Future Returns

The analyst price target for S.N. Nuclearelectrica has moved from RON 44.80 to RON 49.75, with analysts pointing to updated fair value assumptions and revised expectations for revenue contraction, profit margins and future P/E levels as the key drivers of the change. Analyst Commentary Recent Street research on S.N. Nuclearelectrica points to a mix of optimism and caution around valuation, execution and medium term growth assumptions.
EL
RON 53.00
Societatea Energetica Electrica
7D
7.1%
1Y
181.9%
Narrative Update • Sep 15

EL: Craiova Gas Project Will Drive Weaker Future Return Potential

Analysts have lifted their price target for Societatea Energetica Electrica from RON 27.40 to RON 32.55. The change reflects updated assumptions that include a slightly higher discount rate, a different revenue growth outlook, a higher projected profit margin and a revised future P/E estimate.
TGN
RON 78.00
S.N.T.G.N. Transgaz
7D
-8.2%
1Y
62.5%
H2O
RON 185.00
S.P.E.E.H. Hidroelectrica
7D
4.2%
1Y
48.6%
TEL
RON 93.50
CNTEE Transelectrica
7D
-1.9%
1Y
54.8%
GREEN
RON 13.40
Green Tech International
7D
13.6%
1Y
-6.0%
ADISS
RON 0.21
Adiss
7D
-1.9%
1Y
-51.4%
PE
RON 54.80
Premier Energy
7D
-1.8%
1Y
166.7%