CEPU vs. BBAR

Last updated Jun 9, 2026

CEPU (Central Puerto S.A.) and BBAR (Banco BBVA Argentina S.A.) are both stocks. CEPU operates in Utilities - Regulated Electric (Utilities), while BBAR operates in Banks - Regional (Financial Services). Over the past 5 years, CEPU returned 43.41%/yr vs 42.27%/yr for BBAR. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

CEPU vs. BBAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Central Puerto S.A. (CEPU) and Banco BBVA Argentina S.A. (BBAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CEPU achieves a -16.69% return, which is significantly lower than BBAR's -3.71% return.

CEPU

• 1D: -0.41%
• 1M: 3.33%
• YTD: -16.69%
• 6M: -13.32%
• 1Y: 17.87%
• 3Y*: 32.66%
• 5Y*: 43.41%
• 10Y*: —

BBAR

• 1D: -1.49%
• 1M: 16.25%
• YTD: -3.71%
• 6M: 5.85%
• 1Y: -1.85%
• 3Y*: 60.14%
• 5Y*: 42.27%
• 10Y*: 2.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CEPU vs. BBAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CEPU Central Puerto S.A.	-16.69%	20.77%	60.75%	71.30%	95.14%	15.93%	-44.44%	-45.56%	-42.82%
BBAR Banco BBVA Argentina S.A.	-3.71%	-3.96%	315.76%	47.33%	34.59%	-1.87%	-42.37%	-49.21%	-53.86%

Correlation

The correlation between CEPU and BBAR is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Feb 2, 2018	0.65

The correlation between CEPU and BBAR shifts across timeframes, from 0.65 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CEPU : $2.19B BBAR : $3.52B
EPS CEPU : $4.58K BBAR : $1.09K
PE Ratio CEPU : 0.00 BBAR : 0.02
PEG Ratio CEPU : 0.00 BBAR : 0.00
PS Ratio CEPU : 0.00 BBAR : 0.00
PB Ratio CEPU : 0.00 BBAR : 0.00
Total Revenue (TTM) CEPU : $2.01T BBAR : $6.35T
Gross Profit (TTM) CEPU : $701.24B BBAR : $3.08T
EBITDA (TTM) CEPU : $855.91B BBAR : $526.52B

Return for Risk

CEPU vs. BBAR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CEPU

CEPU Risk / Return Rank: 54
CEPU Sharpe Ratio Rank: 52
CEPU Sortino Ratio Rank: 57
CEPU Omega Ratio Rank: 53
CEPU Calmar Ratio Rank: 53
CEPU Martin Ratio Rank: 54

BBAR

BBAR Risk / Return Rank: 43
BBAR Sharpe Ratio Rank: 41
BBAR Sortino Ratio Rank: 45
BBAR Omega Ratio Rank: 45
BBAR Calmar Ratio Rank: 41
BBAR Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CEPU vs. BBAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Central Puerto S.A. (CEPU) and Banco BBVA Argentina S.A. (BBAR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CEPU	BBAR	Difference
Sharpe ratio: Return per unit of total volatility	0.27	-0.02	+0.29
Sortino ratio: Return per unit of downside risk	1.07	0.60	+0.47
Omega ratio: Gain probability vs. loss probability	1.12	1.07	+0.04
Calmar ratio: Return relative to maximum drawdown	0.44	-0.03	+0.47
Martin ratio: Return relative to average drawdown	1.06	-0.07	+1.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEPU vs. BBAR - Sharpe Ratio Comparison

The current CEPU Sharpe Ratio is 0.27, which is higher than the BBAR Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of CEPU and BBAR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CEPU	BBAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	-0.02	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.66	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.04	-0.04

Drawdowns

CEPU vs. BBAR - Drawdown Comparison

The maximum CEPU drawdown since its inception was -88.97%, smaller than the maximum BBAR drawdown of -96.23%. Use the drawdown chart below to compare losses from any high point for CEPU and BBAR.

Drawdown Indicators

	CEPU	BBAR	Difference
Max Drawdown Largest peak-to-trough decline	-88.97%	-96.23%	+7.26%
Max Drawdown (1Y) Largest decline over 1 year	-40.74%	-57.34%	+16.60%
Max Drawdown (3Y) Largest decline over 3 years	-51.70%	-66.16%	+14.46%
Max Drawdown (5Y) Largest decline over 5 years	-51.70%	-66.16%	+14.46%
Max Drawdown (10Y) Largest decline over 10 years	—	-91.55%	—
Current Drawdown Current decline from peak	-18.77%	-25.47%	+6.70%
Average Drawdown Average peak-to-trough decline	-55.09%	-57.59%	+2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.91%	26.91%	-10.00%

Volatility

CEPU vs. BBAR - Volatility Comparison

The current volatility for Central Puerto S.A. (CEPU) is 14.25%, while Banco BBVA Argentina S.A. (BBAR) has a volatility of 21.54%. This indicates that CEPU experiences smaller price fluctuations and is considered to be less risky than BBAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEPU	BBAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.25%	21.54%	-7.29%
Volatility (6M) Calculated over the trailing 6-month period	31.51%	43.67%	-12.16%
Volatility (1Y) Calculated over the trailing 1-year period	67.44%	80.39%	-12.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.11%	64.67%	-7.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.34%	64.79%	-3.45%

Dividends

CEPU vs. BBAR - Dividend Comparison

CEPU has not paid dividends to shareholders, while BBAR's dividend yield for the trailing twelve months is around 1.73%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BBAR Banco BBVA Argentina S.A.	1.73%	0.85%	8.10%	5.17%	5.21%	0.00%	0.00%	4.76%	2.04%	1.00%	2.41%
CEPU Central Puerto S.A.	0.00%	0.00%	0.64%	8.91%	2.78%	0.00%	0.00%	2.44%	3.70%	0.00%	0.00%

Financials

CEPU vs. BBAR - Profitability Comparison

The chart below illustrates the profitability comparison between Central Puerto S.A. and Banco BBVA Argentina S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CEPU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported a gross profit of 415.00B and revenue of 1.16T. Therefore, the gross margin over that period was 35.7%.

BBAR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco BBVA Argentina S.A. reported a gross profit of 918.80B and revenue of 1.81T. Therefore, the gross margin over that period was 50.8%.

CEPU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported an operating income of 310.62B and revenue of 1.16T, resulting in an operating margin of 26.7%.

BBAR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco BBVA Argentina S.A. reported an operating income of 131.98B and revenue of 1.81T, resulting in an operating margin of 7.3%.

CEPU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported a net income of 440.08B and revenue of 1.16T, resulting in a net margin of 37.8%.

BBAR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco BBVA Argentina S.A. reported a net income of 78.42B and revenue of 1.81T, resulting in a net margin of 4.3%.

Frequently Asked Questions

Can I hold both CEPU and BBAR in my portfolio?

CEPU and BBAR have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CEPU or BBAR?

BBAR has higher volatility (21.54%) compared to CEPU (14.25%). In terms of maximum drawdown, CEPU dropped -88.97% vs BBAR's -96.23%.

Which has better risk-adjusted returns?

CEPU currently has the higher Sharpe Ratio (0.27 vs -0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.