TGS vs. CEPU

Last updated Apr 1, 2026

Compare and contrast key facts about Transportadora de Gas del Sur S.A. (TGS) and Central Puerto S.A. (CEPU).

Performance

TGS vs. CEPU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Transportadora de Gas del Sur S.A. (TGS) and Central Puerto S.A. (CEPU). The values are adjusted to include any dividend payments, if applicable.

TGS vs. CEPU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TGS Transportadora de Gas del Sur S.A.	11.32%	6.22%	93.97%	27.88%	165.77%	-14.62%	-27.48%	-45.44%	-27.41%
CEPU Central Puerto S.A.	-3.83%	20.77%	64.63%	71.30%	95.14%	15.93%	-44.44%	-45.56%	-46.69%

Fundamentals

Market Cap TGS : $5.21B CEPU : $2.52B
EPS TGS : $2.70K CEPU : $2.24K
PE Ratio TGS : 0.01 CEPU : 0.01
PEG Ratio TGS : 0.00 CEPU : 0.00
PS Ratio TGS : 0.00 CEPU : 0.00
PB Ratio TGS : 0.00 CEPU : 0.00
Total Revenue (TTM) TGS : $1.65T CEPU : $1.07T
Gross Profit (TTM) TGS : $887.47B CEPU : $383.74B
EBITDA (TTM) TGS : $890.25B CEPU : $597.88B

Returns By Period

In the year-to-date period, TGS achieves a 11.32% return, which is significantly higher than CEPU's -3.83% return.

TGS

• 1D: -0.20%
• 1M: 16.85%
• YTD: 11.32%
• 6M: 64.57%
• 1Y: 30.80%
• 3Y*: 50.07%
• 5Y*: 48.02%
• 10Y*: 20.74%

CEPU

• 1D: 8.86%
• 1M: 7.27%
• YTD: -3.83%
• 6M: 110.11%
• 1Y: 51.76%
• 3Y*: 53.21%
• 5Y*: 54.40%
• 10Y*: —

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

Return for Risk

TGS vs. CEPU — Risk / Return Rank

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

TGS

TGS Risk / Return Rank: 60
TGS Sharpe Ratio Rank: 59
TGS Sortino Ratio Rank: 63
TGS Omega Ratio Rank: 61
TGS Calmar Ratio Rank: 59
TGS Martin Ratio Rank: 59

CEPU

CEPU Risk / Return Rank: 68
CEPU Sharpe Ratio Rank: 68
CEPU Sortino Ratio Rank: 75
CEPU Omega Ratio Rank: 68
CEPU Calmar Ratio Rank: 64
CEPU Martin Ratio Rank: 65

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.

TGS vs. CEPU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transportadora de Gas del Sur S.A. (TGS) 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.

	TGS	CEPU	Difference
Sharpe ratio Return per unit of total volatility	0.49	0.75	-0.26
Sortino ratio Return per unit of downside risk	1.25	1.78	-0.53
Omega ratio Gain probability vs. loss probability	1.16	1.20	-0.04
Calmar ratio Return relative to maximum drawdown	0.73	1.01	-0.28
Martin ratio Return relative to average drawdown	1.79	2.50	-0.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TGS vs. CEPU - Sharpe Ratio Comparison

The current TGS Sharpe Ratio is 0.49, which is lower than the CEPU Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of TGS and CEPU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TGS	CEPU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	0.75	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.95	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.04	+0.19

Correlation

The correlation between TGS and CEPU is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TGS vs. CEPU - Dividend Comparison

Neither TGS nor CEPU has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
TGS Transportadora de Gas del Sur S.A.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	14.46%	5.04%	0.00%	0.34%
CEPU Central Puerto S.A.	0.00%	0.00%	2.87%	8.91%	2.78%	0.00%	0.00%	2.44%	3.70%	0.00%	0.00%

Drawdowns

TGS vs. CEPU - Drawdown Comparison

The maximum TGS drawdown since its inception was -95.49%, which is greater than CEPU's maximum drawdown of -88.97%. Use the drawdown chart below to compare losses from any high point for TGS and CEPU.

Drawdown Indicators

	TGS	CEPU	Difference
Max Drawdown Largest peak-to-trough decline	-95.49%	-88.97%	-6.52%
Max Drawdown (1Y) Largest decline over 1 year	-36.89%	-44.83%	+7.94%
Max Drawdown (5Y) Largest decline over 5 years	-39.49%	-51.70%	+12.21%
Max Drawdown (10Y) Largest decline over 10 years	-80.55%	—	—
Current Drawdown Current decline from peak	-0.20%	-6.24%	+6.04%
Average Drawdown Average peak-to-trough decline	-47.27%	-55.97%	+8.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.00%	18.16%	-3.16%

Volatility

TGS vs. CEPU - Volatility Comparison

The current volatility for Transportadora de Gas del Sur S.A. (TGS) is 9.59%, while Central Puerto S.A. (CEPU) has a volatility of 16.70%. This indicates that TGS experiences smaller price fluctuations and is considered to be less risky than CEPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGS	CEPU	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.59%	16.70%	-7.11%
Volatility (6M) Calculated over the trailing 6-month period	41.85%	51.81%	-9.96%
Volatility (1Y) Calculated over the trailing 1-year period	63.55%	69.67%	-6.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.49%	57.35%	-1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.18%	61.69%	-7.51%

Financials

TGS vs. CEPU - Profitability Comparison

The chart below illustrates the profitability comparison between Transportadora de Gas del Sur S.A. and Central Puerto S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TGS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Transportadora de Gas del Sur S.A. reported a gross profit of 307.69B and revenue of 567.12B. Therefore, the gross margin over that period was 54.3%.

CEPU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Central Puerto S.A. reported a gross profit of 94.98B and revenue of 316.97B. Therefore, the gross margin over that period was 30.0%.

TGS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Transportadora de Gas del Sur S.A. reported an operating income of 246.84B and revenue of 567.12B, resulting in an operating margin of 43.5%.

CEPU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Central Puerto S.A. reported an operating income of 78.94B and revenue of 316.97B, resulting in an operating margin of 24.9%.

TGS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Transportadora de Gas del Sur S.A. reported a net income of 147.04B and revenue of 567.12B, resulting in a net margin of 25.9%.

CEPU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Central Puerto S.A. reported a net income of 23.07B and revenue of 316.97B, resulting in a net margin of 7.3%.