Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Cyclically Adjusted PS Ratio: 3.15 (As of Jul. 22, 2026) — 165% Above Median

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BSP:CSMG3 Compania de Saneamento de Minas Gerais - COPASA MG BSP:CSMG3
83 GF Score
Price R$63.16
GF Value R$25.12
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Compania deneamento de Minas Gerais - COPASA MG Cyclically Adjusted PS Ratio?

Compania deneamento de Minas Gerais - COPASA MG BSP:CSMG3 -1.07% 83 Cyclically Adjusted PS Ratio is 3.15 as of Jul. 22, 2026, which is 165% above its 10-year median of 1.19. GuruFocus rates BSP:CSMG3 with a GF Score™ of 83/100 and a GF Value™ of R$25.12 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 442 Utilities - Regulated companies, Compania deneamento de Minas Gerais - COPASA MG ranks worse than 77.83% on this metric.

As of today (2026-07-22), Compania deneamento de Minas Gerais - COPASA MG's current share price is R$63.16. Compania deneamento de Minas Gerais - COPASA MG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was R$20.06. Compania deneamento de Minas Gerais - COPASA MG's Cyclically Adjusted PS Ratio for today is 3.15.

The historical rank and industry rank for Compania deneamento de Minas Gerais - COPASA MG's Cyclically Adjusted PS Ratio or its related term are showing as below:

BSP:CSMG3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.19   Max: 3.36
Current: 3.17

During the past years, Compania deneamento de Minas Gerais - COPASA MG's highest Cyclically Adjusted PS Ratio was 3.36. The lowest was 0.68. And the median was 1.19.

BSP:CSMG3's Cyclically Adjusted PS Ratio is ranked worse than
77.83% of 442 companies
in the Utilities - Regulated industry
Industry Median: 1.44 vs BSP:CSMG3: 3.17

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Compania deneamento de Minas Gerais - COPASA MG's adjusted revenue per share data for the three months ended in Mar. 2026 was R$5.612. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R$20.06 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Compania deneamento de Minas Gerais - COPASA MG  (BSP:CSMG3) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Compania deneamento de Minas Gerais - COPASA MG Cyclically Adjusted PS Ratio Related Terms


Compania deneamento de Minas Gerais - COPASA MG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Compania deneamento de Minas Gerais - COPASA MG Cyclically Adjusted PS Ratio Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 0.95 1.17 1.13 2.24

Compania deneamento de Minas Gerais - COPASA MG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.05 1.46 1.78 2.24 2.88

BSP:CSMG3 vs AWK, WTRG, AWR: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Water subindustry, Compania deneamento de Minas Gerais - COPASA MG's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Compania deneamento de Minas Gerais - COPASA MG Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Compania deneamento de Minas Gerais - COPASA MG's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Compania deneamento de Minas Gerais - COPASA MG's Cyclically Adjusted PS Ratio falls into.


BSP:CSMG3
83GF Score
Compania de Saneamento de Minas Gerais - COPASA MG BSP:CSMG3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Compania deneamento de Minas Gerais - COPASA MG Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Compania deneamento de Minas Gerais - COPASA MG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=63.16/20.06
=3.15

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Compania deneamento de Minas Gerais - COPASA MG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Compania deneamento de Minas Gerais - COPASA MG's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=5.612/175.0655*175.0655
=5.612

Current CPI (Mar. 2026) = 175.0655.

Compania deneamento de Minas Gerais - COPASA MG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.713 108.851 4.363
201609 2.905 109.986 4.624
201612 2.593 110.802 4.097
201703 2.754 111.869 4.310
201706 2.617 112.115 4.086
201709 2.917 112.777 4.528
201712 3.090 114.068 4.742
201803 2.976 114.868 4.536
201806 3.041 117.038 4.549
201809 3.160 117.881 4.693
201812 3.319 118.340 4.910
201903 3.196 120.124 4.658
201906 3.190 120.977 4.616
201909 3.517 121.292 5.076
201912 3.697 123.436 5.243
202003 3.377 124.092 4.764
202006 3.350 123.557 4.747
202009 3.589 125.095 5.023
202012 3.811 129.012 5.171
202103 3.636 131.660 4.835
202106 3.850 133.871 5.035
202109 3.983 137.913 5.056
202112 4.105 141.992 5.061
202203 3.780 146.537 4.516
202206 4.045 149.784 4.728
202209 4.277 147.800 5.066
202212 4.188 150.207 4.881
202303 4.567 153.352 5.214
202306 4.765 154.519 5.399
202309 4.952 155.464 5.576
202312 5.262 157.148 5.862
202403 4.911 159.372 5.395
202406 5.192 161.052 5.644
202409 5.397 162.342 5.820
202412 5.291 164.740 5.623
202503 5.436 168.102 5.661
202506 5.199 169.670 5.364
202509 5.577 170.739 5.718
202512 5.735 171.765 5.845
202603 5.612 175.066 5.612

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 3.15 mean?
Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) has a Cyclically Adjusted PS Ratio of 3.15 as of Jul. 22, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Compania deneamento de Minas Gerais - COPASA MG and its competitors. This is 165% above median its historical median of 1.19. Over the past decade, Compania deneamento de Minas Gerais - COPASA MG's Cyclically Adjusted PS Ratio has ranged from 0.68 to 3.36. According to the industry distribution chart, Compania deneamento de Minas Gerais - COPASA MG ranks #344 out of 442 companies in the Utilities - Regulated industry, placing it in the top 77.8%.
Is Compania deneamento de Minas Gerais - COPASA MG's Cyclically Adjusted PS Ratio too high?
Compania deneamento de Minas Gerais - COPASA MG's current Cyclically Adjusted PS Ratio of 3.15 is 165% above median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 3.36. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.44. Compania deneamento de Minas Gerais - COPASA MG's value of 3.15 is 118.8% above this industry median. Based on the distribution chart, Compania deneamento de Minas Gerais - COPASA MG ranks #344 out of 442 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Compania deneamento de Minas Gerais - COPASA MG has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Compania deneamento de Minas Gerais - COPASA MG's Cyclically Adjusted PS Ratio compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Compania deneamento de Minas Gerais - COPASA MG ranks #344 out of 442 companies for Cyclically Adjusted PS Ratio. This places Compania deneamento de Minas Gerais - COPASA MG in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.44. Compania deneamento de Minas Gerais - COPASA MG's value of 3.15 is 118.8% above this benchmark. Historically, Compania deneamento de Minas Gerais - COPASA MG's own Cyclically Adjusted PS Ratio has ranged from 0.68 to 3.36 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 1.44, Compania deneamento de Minas Gerais - COPASA MG has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Utilities - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.44, based on 442 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Compania deneamento de Minas Gerais - COPASA MG's current Cyclically Adjusted PS Ratio of 3.15 is 118.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Compania deneamento de Minas Gerais - COPASA MG and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Compania deneamento de Minas Gerais - COPASA MG's current Cyclically Adjusted PS Ratio is 3.15, which is 165% above median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Compania deneamento de Minas Gerais - COPASA MG stock overvalued right now?
Based on GuruFocus' analysis, Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$25.12, compared to a current price of R$63.16 — trading 151.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.15, which is 165% above median its 10-year median of 1.19 and 118.8% above the Utilities - Regulated industry median of 1.44. Compania deneamento de Minas Gerais - COPASA MG's overall GF Score™ is 83/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3), the current Cyclically Adjusted PS Ratio is 3.15 as of Jul. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Overvalued in 2026?

Based on GuruFocus' analysis, Compania deneamento de Minas Gerais - COPASA MG stock appears to be overvalued. The current stock price of R$63.16 is trading 151.4% above its estimated GF Value™ of R$25.12. GuruFocus considers Compania deneamento de Minas Gerais - COPASA MG to be Significantly Overvalued.

Key valuation signals for BSP:CSMG3:

  • Cyclically Adjusted PS Ratio: 3.15 (165% above median its 10-year median of 1.19)
  • GF Value™: R$25.12 vs. price of R$63.16 (151.4% above fair value)
  • GF Score™: 83/100 with 9 warning signs
  • Industry Position: 118.8% above the Utilities - Regulated median (#344 of 442)

No single metric tells the full story. See the BSP:CSMG3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Compania deneamento de Minas Gerais - COPASA MG Business Description

Address Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900
Compania de Saneamento de Minas Gerais - COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Servicos de Irrigacao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Servicos de Irrigacao S.A. manages, performs, and sells irrigation system services. COPASA Aguas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where an amount of revenue is generated.
83GF Score

Get the complete analysis for BSP:CSMG3

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$63.16
Price
R$25.12
GF Value