Cia Energetica DE Minas Gerais - Cemig (FRA:CIDS) Cyclically Adjusted PS Ratio: 0.02 (As of Jul. 12, 2026) — 97% Below Median


FRA:CIDS Cia Energetica DE Minas Gerais - Cemig FRA:CIDS
66 GF Score
Price €2.52
GF Value €556.66
! 5 Warning Signs
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What is Cia Energetica DE Minas Gerais - Cemig Cyclically Adjusted PS Ratio?

Cia Energetica DE Minas Gerais - Cemig FRA:CIDS +1.61% 66 Cyclically Adjusted PS Ratio is 0.02 as of Jul. 12, 2026, which is 97% below its 10-year median of 0.79. GuruFocus rates FRA:CIDS with a GF Score™ of 66/100 and a GF Value™ of €556.66. The stock has 5 warning signs investors should review. Among 441 Utilities - Regulated companies, Cia Energetica DE Minas Gerais - Cemig ranks better than 99.32% on this metric.

As of today (2026-07-12), Cia Energetica DE Minas Gerais - Cemig's current share price is €2.52. Cia Energetica DE Minas Gerais - Cemig's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €117.89. Cia Energetica DE Minas Gerais - Cemig's Cyclically Adjusted PS Ratio for today is 0.02.

The historical rank and industry rank for Cia Energetica DE Minas Gerais - Cemig's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:CIDS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.79   Max: 1.34
Current: 0.02

During the past years, Cia Energetica DE Minas Gerais - Cemig's highest Cyclically Adjusted PS Ratio was 1.34. The lowest was 0.02. And the median was 0.79.

FRA:CIDS's Cyclically Adjusted PS Ratio is ranked better than
99.32% of 441 companies
in the Utilities - Regulated industry
Industry Median: 1.41 vs FRA:CIDS: 0.02

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.

Cia Energetica DE Minas Gerais - Cemig's adjusted revenue per share data for the three months ended in Mar. 2026 was €597.969. 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 €117.89 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cia Energetica DE Minas Gerais - Cemig  (FRA:CIDS) 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.


Cia Energetica DE Minas Gerais - Cemig Cyclically Adjusted PS Ratio Related Terms


Cia Energetica DE Minas Gerais - Cemig Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Cia Energetica DE Minas Gerais - Cemig'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.

Cia Energetica DE Minas Gerais - Cemig Cyclically Adjusted PS Ratio Chart

Cia Energetica DE Minas Gerais - Cemig 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 0.96 1.09 0.96 1.15 0.04

Cia Energetica DE Minas Gerais - Cemig 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 0.04 0.04 0.04 0.04 0.02

FRA:CIDS vs NEE, SO, DUK: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Electric subindustry, Cia Energetica DE Minas Gerais - Cemig'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.


Cia Energetica DE Minas Gerais - Cemig Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cia Energetica DE Minas Gerais - Cemig's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Cia Energetica DE Minas Gerais - Cemig's Cyclically Adjusted PS Ratio falls into.


FRA:CIDS
66GF Score
Cia Energetica DE Minas Gerais - Cemig FRA:CIDS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Cia Energetica DE Minas Gerais - Cemig 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.

Cia Energetica DE Minas Gerais - Cemig's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.52/117.89
=0.02

* 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.

Cia Energetica DE Minas Gerais - Cemig's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Cia Energetica DE Minas Gerais - Cemig'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)
=597.969/175.0655*175.0655
=597.969

Current CPI (Mar. 2026) = 175.0655.

Cia Energetica DE Minas Gerais - Cemig Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.487 108.851 0.783
201609 0.536 109.986 0.853
201612 0.519 110.802 0.820
201703 0.583 111.869 0.912
201706 0.569 112.115 0.888
201709 0.557 112.777 0.865
201712 0.417 114.068 0.640
201803 0.427 114.868 0.651
201806 0.445 117.038 0.666
201809 0.456 117.881 0.677
201812 0.000 118.340 0.000
201903 0.476 120.124 0.694
201906 0.563 120.977 0.815
201909 0.468 121.292 0.675
201912 0.000 123.436 0.000
202003 0.347 124.092 0.490
202006 0.330 123.557 0.468
202009 0.351 125.095 0.491
202012 0.405 129.012 0.550
202103 0.333 131.660 0.443
202106 0.552 133.871 0.722
202109 0.536 137.913 0.680
202112 0.526 141.992 0.649
202203 0.501 146.537 0.599
202206 0.478 149.784 0.559
202209 0.617 147.800 0.731
202212 0.581 150.207 0.677
202303 0.534 153.352 0.610
202306 0.556 154.519 0.630
202309 0.620 155.464 0.698
202312 0.709 157.148 0.790
202403 0.577 159.372 0.634
202406 0.569 161.052 0.619
202409 0.572 162.342 0.617
202412 0.617 164.740 0.656
202503 545.033 168.102 567.612
202506 0.596 169.670 0.615
202509 0.585 170.739 0.600
202512 0.634 171.765 0.646
202603 597.969 175.066 597.969

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 0.02 mean?
Cia Energetica DE Minas Gerais - Cemig (FRA:CIDS) has a Cyclically Adjusted PS Ratio of 0.02 as of Jul. 12, 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 Cia Energetica DE Minas Gerais - Cemig and its competitors. This is 97% below median its historical median of 0.79. Over the past decade, Cia Energetica DE Minas Gerais - Cemig's Cyclically Adjusted PS Ratio has ranged from 0.02 to 1.34. According to the industry distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #3 out of 441 companies in the Utilities - Regulated industry, placing it in the top 0.7%.
Is Cia Energetica DE Minas Gerais - Cemig's Cyclically Adjusted PS Ratio too high?
Cia Energetica DE Minas Gerais - Cemig's current Cyclically Adjusted PS Ratio of 0.02 is 97% below median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 1.34. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.41. Cia Energetica DE Minas Gerais - Cemig's value of 0.02 is 98.6% below this industry median. Based on the distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #3 out of 441 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Cia Energetica DE Minas Gerais - Cemig has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Cia Energetica DE Minas Gerais - Cemig's Cyclically Adjusted PS Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #3 out of 441 companies for Cyclically Adjusted PS Ratio. This places Cia Energetica DE Minas Gerais - Cemig in the top 1% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.41. Cia Energetica DE Minas Gerais - Cemig's value of 0.02 is 98.6% below this benchmark. Historically, Cia Energetica DE Minas Gerais - Cemig's own Cyclically Adjusted PS Ratio has ranged from 0.02 to 1.34 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 1.41, Cia Energetica DE Minas Gerais - Cemig has consistently been below 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 1.41, based on 441 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. Cia Energetica DE Minas Gerais - Cemig's current Cyclically Adjusted PS Ratio of 0.02 is 98.6% below 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 Cia Energetica DE Minas Gerais - Cemig and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cia Energetica DE Minas Gerais - Cemig's current Cyclically Adjusted PS Ratio is 0.02, which is 97% below median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cia Energetica DE Minas Gerais - Cemig stock overvalued right now?
Cia Energetica DE Minas Gerais - Cemig (FRA:CIDS) has a current Cyclically Adjusted PS Ratio of 0.02. The stock's GF Value™ is €556.66, compared to a current price of €2.52 — trading 99.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.02, which is 97% below median its 10-year median of 0.79 and 98.6% below the Utilities - Regulated industry median of 1.41. Cia Energetica DE Minas Gerais - Cemig's overall GF Score™ is 66/100 with 5 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 Cia Energetica DE Minas Gerais - Cemig (FRA:CIDS), the current Cyclically Adjusted PS Ratio is 0.02 as of Jul. 12, 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 Cia Energetica DE Minas Gerais - Cemig (FRA:CIDS) Overvalued in 2026?

Based on GuruFocus' analysis, Cia Energetica DE Minas Gerais - Cemig stock appears to be undervalued. The current stock price of €2.52 is trading 99.5% below its estimated GF Value™ of €556.66.

Key valuation signals for FRA:CIDS:

  • Cyclically Adjusted PS Ratio: 0.02 (97% below median its 10-year median of 0.79)
  • GF Value™: €556.66 vs. price of €2.52 (99.5% below fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 98.6% below the Utilities - Regulated median (#3 of 441)

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


Cia Energetica DE Minas Gerais - Cemig Business Description

Address Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131
Cia Energetica DE Minas Gerais - Cemig is a Brazilian energy company engaged in the generation, transmission, distribution, and commercialization of electricity, as well as natural gas distribution. The company operates through six segments: Generation, Transmission, Trading, Distribution, Gas, and Investees. Its activities include power generation mainly from hydroelectric sources, operation and maintenance of transmission and distribution infrastructure, electricity sales to captive and free-market customers, and gas distribution in Minas Gerais. The company derives a majority of its revenue from the Distribution segment, which comprises the distribution and sale of electricity to captive customers, and the operation and maintenance of infrastructure and related services.
66GF Score

Get the complete analysis for FRA:CIDS

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

€2.52
Price
€556.66
GF Value