Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Cyclically Adjusted Revenue per Share: R$20.06 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

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 Revenue per Share?

Compania deneamento de Minas Gerais - COPASA MG BSP:CSMG3 -1.07% 83 Cyclically Adjusted Revenue per Share is R$20.06 as of Mar. 2026. 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.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 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 the count will get our Cyclically Adjusted Revenue per Share, which is R$20.06 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Compania deneamento de Minas Gerais - COPASA MG's average Cyclically Adjusted Revenue Growth Rate was 6.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Compania deneamento de Minas Gerais - COPASA MG was 6.80% per year. The lowest was 5.30% per year. And the median was 5.70% per year.

As of today (2026-07-22), Compania deneamento de Minas Gerais - COPASA MG's current stock 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 of today is 3.15.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Compania deneamento de Minas Gerais - COPASA MG was 3.36. The lowest was 0.68. And the median was 1.19.


Compania deneamento de Minas Gerais - COPASA MG  (BSP:CSMG3) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 Cyclically Adjusted PS Ratio of 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Compania deneamento de Minas Gerais - COPASA MG was 3.36. The lowest was 0.68. And the median was 1.19.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Compania deneamento de Minas Gerais - COPASA MG Cyclically Adjusted Revenue per Share Related Terms


Compania deneamento de Minas Gerais - COPASA MG Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.76 16.56 17.45 18.38 19.58

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 Revenue per Share 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 18.87 19.13 19.35 19.58 20.06

BSP:CSMG3 vs AWK, WTRG, AWR: Cyclically Adjusted Revenue per Share 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 Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Compania deneamento de Minas Gerais - COPASA MG Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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.

What does a Cyclically Adjusted Revenue per Share of R$20.06 mean?
Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) has a Cyclically Adjusted Revenue per Share of R$20.06 as of Mar. 2026. Cyclically adjusted revenue per share represents the 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.
Is Compania deneamento de Minas Gerais - COPASA MG's Cyclically Adjusted Revenue per Share too high?
Compania deneamento de Minas Gerais - COPASA MG's current Cyclically Adjusted Revenue per Share is R$20.06. 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 Revenue per Share compare to AWK and WTRG?
Compania deneamento de Minas Gerais - COPASA MG's Cyclically Adjusted Revenue per Share of R$20.06 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for an Utilities - Regulated company?
A good Cyclically Adjusted Revenue per Share depends on the Utilities - Regulated industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the 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. Compania deneamento de Minas Gerais - COPASA MG's current Cyclically Adjusted Revenue per Share is R$20.06. 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 Revenue per Share is R$20.06. 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3), the current Cyclically Adjusted Revenue per Share is R$20.06 as of Mar. 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 Revenue per Share: R$20.06
  • GF Value™: R$25.12 vs. price of R$63.16 (151.4% above fair value)
  • GF Score™: 83/100 with 9 warning signs

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 Revenue per Share 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