May 2026
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Largest Utilities Public Companies in Switzerland
Benchmark revenue and EBITDA valuation multiples for public comps like
BKW, Romande Energie, Naturenergie, Edisun Power and Etrion.
 | BKW AG is an electric utility company in which the Canton of Bern holds a majority stake. The company segments its operations into Energy Solutions, Power Grid, and Infrastructure & Buildings. It generates the majority of its revenue from the Energy Solutions business segment which builds, operates, and maintains BKW’s portfolio of power plants in Switzerland and abroad. It also includes the sale of energy in Switzerland, trading in electricity, certificates and raw materials as well as wind, solar and smart energy services. | $189 | -15% | $10B | $11B | 2.0x | 10.2x | ||
| Romande Energie Holding SA is a Swiss utility company involved in the generation, distribution, and marketing of electricity and energy services. The company's segment includes Grids; Energy Solutions; Romande Energie Services and Corporate. It generates maximum revenue from the Energy Solutions segment. The Energy Solutions business unit spans the entire kWh chain, operating through two divisions: generation and power/heating distribution; and end-markets. The Energy division’s main mission is to maintain the security of supply for customers. It also develops new installations powered by renewable energy sources. The Markets division offers turnkey solutions to its various customers. | $62 | +16% | $2B | $2B | 1.8x | 10.9x | ||
| Naturenergie Holding AG is a German-Swiss group engaged in the power business. The company generates green electricity from hydropower power plants on the High Rhine to products and services in the areas of photovoltaics, heat, building & living and electromobility. | $41 | +12% | $1B | $1B | 0.6x | 3.5x | ||
| Edisun Power Europe AG is an independent power producer. It finances and operates photovoltaic systems (PV) in Europe and sells solar energy to local electricity companies. It operates in Switzerland, Germany, Spain, Portugal, Italy and France. It derives the majority of its revenue from Portugal. | $86 | +27% | $99M | $399M | 22.4x | 50.3x | ||
| Etrion Corp is a renewable energy development company. The company is engaged in contributing to the diversification of the energy mix by leveraging the abundance of renewable resources to generate clean, reliable, and cost-effective solar energy. | $0 | +200% | $200K | ($1M) | - | - | ||
| Median | $62 | +16% | $1B | $1B | 1.9x | 10.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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