GGAL vs. CEPU

Last updated Jun 9, 2026

GGAL (Grupo Financiero Galicia S.A.) and CEPU (Central Puerto S.A.) are both stocks. GGAL operates in Banks - Regional (Financial Services), while CEPU operates in Utilities - Regulated Electric (Utilities). Over the past 5 years, GGAL returned 43.59%/yr vs 43.41%/yr for CEPU. A 0.66 correlation means they provide meaningful diversification when combined.

Performance

GGAL vs. CEPU - Performance Comparison

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

Returns By Period

In the year-to-date period, GGAL achieves a -8.33% return, which is significantly higher than CEPU's -16.69% return.

GGAL

• 1D: 0.48%
• 1M: 16.22%
• YTD: -8.33%
• 6M: -0.83%
• 1Y: -8.88%
• 3Y*: 56.36%
• 5Y*: 43.59%
• 10Y*: 8.06%

CEPU

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

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

GGAL vs. CEPU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GGAL Grupo Financiero Galicia S.A.	-8.33%	-11.36%	289.05%	92.28%	8.05%	8.88%	-45.53%	-40.38%	-59.44%
CEPU Central Puerto S.A.	-16.69%	20.77%	60.75%	71.30%	95.14%	15.93%	-44.44%	-45.56%	-42.82%

Correlation

The correlation between GGAL and CEPU is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.71
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	0.66

The correlation between GGAL and CEPU has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.

Fundamentals

Market Cap GGAL : $1.35B CEPU : $2.19B
EPS GGAL : $676.97 CEPU : $4.58K
PE Ratio GGAL : 0.07 CEPU : 0.00
PEG Ratio GGAL : 0.00 CEPU : 0.00
PS Ratio GGAL : 0.00 CEPU : 0.00
PB Ratio GGAL : 0.00 CEPU : 0.00
Total Revenue (TTM) GGAL : $13.01T CEPU : $2.01T
Gross Profit (TTM) GGAL : $5.27T CEPU : $701.24B
EBITDA (TTM) GGAL : $306.88B CEPU : $855.91B

Return for Risk

GGAL vs. CEPU — Risk / Return Rank

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

GGAL

GGAL Risk / Return Rank: 38
GGAL Sharpe Ratio Rank: 37
GGAL Sortino Ratio Rank: 41
GGAL Omega Ratio Rank: 40
GGAL Calmar Ratio Rank: 37
GGAL Martin Ratio Rank: 36

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

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.

GGAL vs. CEPU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grupo Financiero Galicia S.A. (GGAL) and Central Puerto S.A. (CEPU). 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.

	GGAL	CEPU	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	0.27	-0.39
Sortino ratio: Return per unit of downside risk	0.40	1.07	-0.68
Omega ratio: Gain probability vs. loss probability	1.05	1.12	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.17	0.44	-0.61
Martin ratio: Return relative to average drawdown	-0.36	1.06	-1.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GGAL vs. CEPU - Sharpe Ratio Comparison

The current GGAL Sharpe Ratio is -0.12, which is lower than the CEPU Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of GGAL and CEPU, 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

	GGAL	CEPU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.12	0.27	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.77	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.00	+0.07

Drawdowns

GGAL vs. CEPU - Drawdown Comparison

The maximum GGAL drawdown since its inception was -98.98%, which is greater than CEPU's maximum drawdown of -88.97%. Use the drawdown chart below to compare losses from any high point for GGAL and CEPU.

Drawdown Indicators

	GGAL	CEPU	Difference
Max Drawdown Largest peak-to-trough decline	-98.98%	-88.97%	-10.01%
Max Drawdown (1Y) Largest decline over 1 year	-53.54%	-40.74%	-12.80%
Max Drawdown (3Y) Largest decline over 3 years	-62.94%	-51.70%	-11.24%
Max Drawdown (5Y) Largest decline over 5 years	-62.94%	-51.70%	-11.24%
Max Drawdown (10Y) Largest decline over 10 years	-91.70%	—	—
Current Drawdown Current decline from peak	-29.88%	-18.77%	-11.11%
Average Drawdown Average peak-to-trough decline	-57.39%	-55.09%	-2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.67%	16.91%	+7.76%

Volatility

GGAL vs. CEPU - Volatility Comparison

Grupo Financiero Galicia S.A. (GGAL) has a higher volatility of 15.57% compared to Central Puerto S.A. (CEPU) at 14.25%. This indicates that GGAL's price experiences larger fluctuations and is considered to be riskier than CEPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGAL	CEPU	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.57%	14.25%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	35.44%	31.51%	+3.93%
Volatility (1Y) Calculated over the trailing 1-year period	74.53%	67.44%	+7.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.39%	57.11%	+1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.91%	61.34%	+0.57%

Dividends

GGAL vs. CEPU - Dividend Comparison

GGAL's dividend yield for the trailing twelve months is around 4.41%, while CEPU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
GGAL Grupo Financiero Galicia S.A.	4.41%	2.11%	3.81%	6.49%	4.62%	0.23%	0.94%	1.89%	1.29%	0.16%	0.13%	0.09%

Financials

GGAL vs. CEPU - Profitability Comparison

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

GGAL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Grupo Financiero Galicia S.A. reported a gross profit of 1.11T and revenue of 1.99T. Therefore, the gross margin over that period was 56.0%.

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%.

GGAL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Grupo Financiero Galicia S.A. reported an operating income of 66.60B and revenue of 1.99T, resulting in an operating margin of 3.4%.

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%.

GGAL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Grupo Financiero Galicia S.A. reported a net income of 65.18B and revenue of 1.99T, resulting in a net margin of 3.3%.

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%.

Frequently Asked Questions

Can I hold both GGAL and CEPU in my portfolio?

GGAL and CEPU have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GGAL or CEPU?

GGAL has higher volatility (15.57%) compared to CEPU (14.25%). In terms of maximum drawdown, GGAL dropped -98.98% vs CEPU's -88.97%.

Which has better risk-adjusted returns?

CEPU currently has the higher Sharpe Ratio (0.27 vs -0.12), 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.