Latest Ratios: P/E Ratio 8.2x · EV/EBITDA 6.6x · ROE 18.0%. (2005–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.2B | $2.6B | $2.2B | $1.4B | $894M | $471M | $406M | $732M | $1.4B | — | — |
| Enterprise Value | $2.5B | $457.8B | $379.1B | $701.9B | $169.6B | $82.0B | $75.1B | $1.4B | $9.8B | — | — |
| P/E Ratio → | 8.23 | 0.01 | 0.04 | 0.00 | 0.02 | — | 0.04 | 0.07 | 0.08 | — | — |
| P/S Ratio | 2.59 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.10 | — | — |
| P/B Ratio | 1.27 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.74 | 0.04 | — | — |
| P/FCF | 26.56 | 0.02 | 25.23 | 10.05 | 0.04 | 2.70 | 7.24 | — | — | — | — |
| P/OCF | 7.07 | 0.01 | 9.00 | 3.70 | 0.01 | 2.04 | 1.80 | 0.06 | 0.37 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.36 | 0.51 | 1.03 | 0.25 | 0.24 | 0.67 | 0.02 | 0.69 | — | — |
| EV / EBITDA | 6.63 | 0.81 | 1.22 | 0.79 | 0.31 | 0.37 | 0.75 | 0.02 | 0.30 | — | — |
| EV / EBIT | 9.96 | 1.21 | 1.89 | 1.69 | 0.78 | 1.10 | 1.59 | 0.04 | 0.19 | — | — |
| EV / FCF | — | 3.67 | 4393.39 | 5160.61 | 7.37 | 470.27 | 1336.90 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.5% | 35.5% | 39.5% | 33.0% | 47.4% | 48.2% | 55.9% | 47.3% | 54.5% | 54.0% | 40.8% |
| Operating Margin | 29.6% | 29.6% | 26.7% | 107.9% | 61.0% | 45.0% | 73.3% | 78.0% | 213.8% | 52.2% | 52.4% |
| Net Profit Margin | 31.6% | 31.6% | 6.7% | 47.2% | 18.8% | -1.3% | 18.1% | 24.5% | 122.8% | 58.9% | 33.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.0% | 18.0% | 2.7% | 24.1% | 24.3% | -2.4% | 31.5% | 106.7% | 87.0% | 56.1% | 36.0% |
| ROA | 12.7% | 12.7% | 1.7% | 15.2% | 16.3% | -1.4% | 16.8% | 61.1% | 47.1% | 23.5% | 15.9% |
| ROIC | 10.7% | 10.7% | 6.2% | 31.1% | 48.0% | 44.1% | 60.5% | 201.1% | 85.6% | 22.4% | 27.6% |
| ROCE | 13.6% | 13.6% | 7.9% | 38.9% | 59.3% | 56.3% | 83.0% | 241.5% | 106.6% | 31.7% | 35.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.19 | 0.19 | 0.20 | 0.39 | 0.24 | 0.33 | 0.59 | 0.65 | 0.26 | 0.65 | 0.70 |
| Debt / EBITDA | 0.87 | 0.87 | 1.22 | 0.82 | 0.36 | 0.37 | 0.75 | 0.01 | 0.27 | 1.38 | 1.19 |
| Net Debt / Equity | — | 0.17 | 0.20 | 0.38 | 0.21 | 0.33 | 0.59 | 0.63 | 0.26 | 0.64 | 0.70 |
| Net Debt / EBITDA | 0.80 | 0.80 | 1.21 | 0.79 | 0.31 | 0.37 | 0.75 | 0.01 | 0.26 | 1.36 | 1.18 |
| Debt / FCF | — | 3.65 | 4368.16 | 5150.56 | 7.33 | 467.57 | 1329.67 | — | — | — | — |
| Interest Coverage | 5.78 | 5.78 | 3.48 | 7.00 | 5.09 | 2.62 | 624.94 | 448.59 | 35.40 | 16.35 | 4.95 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.77 | 1.77 | 1.48 | 1.98 | 2.47 | 2.75 | 1.31 | 1.47 | 1.20 | 0.99 | 1.00 |
| Quick Ratio | 1.65 | 1.65 | 1.33 | 1.87 | 2.25 | 2.66 | 1.28 | 1.42 | 1.18 | 0.97 | 0.97 |
| Cash Ratio | 0.83 | 0.83 | 0.65 | 0.70 | 1.20 | 1.18 | 0.51 | 0.51 | 0.20 | 0.20 | 0.42 |
| Asset Turnover | — | 0.35 | 0.28 | 0.22 | 0.58 | 0.88 | 0.47 | 36.89 | 0.25 | 0.35 | 0.42 |
| Inventory Turnover | 16.51 | 16.51 | 7.84 | 13.39 | 12.53 | 63.61 | 40.73 | 2679.46 | 29.37 | 24.86 | 22.84 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.0% | 44.8% | 0.8% | 5.4% | 100.0% | 0.3% | — | 100.0% | 100.0% | — | — |
| Payout Ratio | 0.3% | 0.3% | 0.0% | 0.0% | 3.5% | — | — | 8.3% | 12.4% | 53.9% | 78.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 12.2% | 15339.4% | 2278.1% | 23574.7% | 6633.0% | — | 2559.3% | 1493.8% | 1265.2% | — | — |
| FCF Yield | 3.8% | 4747.4% | 4.0% | 9.9% | 2574.9% | 37.0% | 13.8% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.4% | 4.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 44.8% | 0.8% | 5.9% | 100.0% | 0.3% | 0.0% | 100.0% | 100.0% | — | — |
| Shares Outstanding | — | $150M | $150M | $150M | $151M | $151M | $151M | $151M | $151M | $151M | $151M |
Regulatory and CAMMESA credit
According to recent market data, CEPU trades at a TTM P/E of 8.14, which appears to discount the company's strategic asset positioning in favor of pricing in the persistent macroeconomic and regulatory risks inherent to the Argentine utility sector compared to broader regional benchmarks.
The low P/E multiple suggests that investors are applying a significant risk premium, likely due to the historical volatility of tariff adjustments and the potential for government-mandated restructuring of energy sector receivables. This valuation level warrants caution, as it may not fully capture the long-term replacement value of the company's critical thermal and hydroelectric infrastructure.
Based on reported figures, CEPU's ROE has fluctuated significantly, reaching 16.5% in 2026Q1, though this metric appears heavily influenced by hyperinflationary accounting adjustments rather than purely reflecting the underlying regulatory authorized returns on the company's expanding asset base.
The wide variance in ROE over the last ten quarters indicates that the company's profitability is highly sensitive to the timing of tariff indexation and the non-cash impacts of RECPAM. Investors should monitor whether the recent uptick in ROE represents a sustainable improvement in regulatory outcomes or merely a temporary accounting artifact.
As reported in financial statements, CEPU maintains a highly conservative capital structure with a debt-to-capital ratio of 0.22 as of 2026Q1, which appears to provide a substantial buffer against the currency and macroeconomic volatility that frequently impacts Argentine utility operators.
This minimal reliance on external debt suggests that management is prioritizing liquidity and financial flexibility over aggressive capital expansion. Such a conservative stance may be a prudent response to the high-interest-rate environment and the inherent risks associated with the CAMMESA payment cycle.
Based on institutional research standards, the P/E ratio is frequently misapplied to CEPU, as it fails to account for the distortive effects of hyperinflationary accounting and the significant non-cash items that obscure the company's true, sustainable cash-generating capacity in the regulated energy market.
Analysts should instead focus on EV/EBITDA or adjusted cash flow metrics to better assess the company's operational performance and asset value. Relying on standard P/E ratios risks misinterpreting the company's valuation by ignoring the underlying hard-asset value of its generation fleet and the impact of regulatory lag on reported earnings.
Includes 30+ ratios · 21 years · Updated daily
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Quick answers to the most common questions about buying CEPU stock.
Central Puerto S.A.'s current P/E ratio is 8.2x. The historical average is 0.0x. This places it at the 100th percentile of its historical range.
Central Puerto S.A.'s current EV/EBITDA is 6.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 0.6x.
Central Puerto S.A.'s return on equity (ROE) is 18.0%. The historical average is 28.7%.
Based on historical data, Central Puerto S.A. is trading at a P/E of 8.2x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Central Puerto S.A.'s current dividend yield is 0.04% with a payout ratio of 0.3%.
Central Puerto S.A. has 35.5% gross margin and 29.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Central Puerto S.A.'s Debt/EBITDA ratio is 0.9x, indicating low leverage. A ratio below 2x is generally considered financially healthy.