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CPFL EnergiaBSP:CPFE3 +0.11%78 Debt-to-EBITDA is 2.32 as of Mar. 2026, which is 15% below its 10-year median of 2.74. GuruFocus rates BSP:CPFE3 with a GF Score™ of 78/100 and a GF Value™ of R$37.96 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 448 Utilities - Regulated companies, CPFL Energia ranks better than 63.84% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for CPFL Energia's Debt-to-EBITDA or its related term are showing as below:
BSP:CPFE3'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.37 Med: 2.74 Max: 4.99
Current: 2.7
During the past 13 years, the highest Debt-to-EBITDA Ratio of CPFL Energia was 4.99. The lowest was 2.37. And the median was 2.74.
BSP:CPFE3's Debt-to-EBITDA is ranked better than 63.84% of 448
companies
in the Utilities - Regulated industry
Industry Median: 4.015
vs BSP:CPFE3: 2.70
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
CPFL Energia Debt-to-EBITDA Related Terms
CPFL Energia Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for CPFL Energia's Debt-to-EBITDA 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.
BSP:CPFE3 vs NEE, SO, DUK: Debt-to-EBITDA Comparison
For the Utilities - Regulated Electric subindustry, CPFL Energia's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
CPFL Energia Debt-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CPFL Energia's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where CPFL Energia's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
CPFL Energia (BSP:CPFE3) has a Debt-to-EBITDA of 2.32 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on CPFL Energia. This is 15% below median its historical median of 2.74. Over the past decade, CPFL Energia's Debt-to-EBITDA has ranged from 2.37 to 4.99. According to the industry distribution chart, CPFL Energia ranks #162 out of 448 companies in the Utilities - Regulated industry, placing it in the top 36.2%.
Is CPFL Energia's Debt-to-EBITDA too high?
CPFL Energia's current Debt-to-EBITDA of 2.32 is 15% below median its 10-year median of 2.74. Over the past 10 years, this metric has ranged from a low of 2.37 to a high of 4.99. The Utilities - Regulated industry median Debt-to-EBITDA is 4.02. CPFL Energia's value of 2.32 is 42.2% below this industry median. Based on the distribution chart, CPFL Energia ranks #162 out of 448 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, CPFL Energia has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CPFL Energia's Debt-to-EBITDA compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, CPFL Energia ranks #162 out of 448 companies for Debt-to-EBITDA. This puts CPFL Energia in the upper half of its industry. The industry median Debt-to-EBITDA is 4.02. CPFL Energia's value of 2.32 is 42.2% below this benchmark. Historically, CPFL Energia's own Debt-to-EBITDA has ranged from 2.37 to 4.99 over the past decade. While the company's 10-year median is 2.74 vs. the industry median of 4.02, CPFL Energia 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 Debt-to-EBITDA for an Utilities - Regulated company?
The median Debt-to-EBITDA among Utilities - Regulated companies is 4.02, based on 448 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CPFL Energia's current Debt-to-EBITDA of 2.32 is 42.2% 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on CPFL Energia. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 4.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CPFL Energia's current Debt-to-EBITDA is 2.32, which is 15% below median its own 10-year median of 2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CPFL Energia stock overvalued right now?
Based on GuruFocus' analysis, CPFL Energia (BSP:CPFE3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$37.96, compared to a current price of R$46.14 — trading 21.5% above its estimated fair value. The current Debt-to-EBITDA is 2.32, which is 15% below median its 10-year median of 2.74 and 42.2% below the Utilities - Regulated industry median of 4.02. CPFL Energia's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For CPFL Energia (BSP:CPFE3), the current Debt-to-EBITDA is 2.32 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 CPFL Energia (BSP:CPFE3) Overvalued in 2026?
Based on GuruFocus' analysis, CPFL Energia stock appears to be overvalued.
The current stock price of R$46.14 is trading 21.5% above its estimated GF Value™ of R$37.96.
GuruFocus considers CPFL Energia to be Modestly Overvalued.
Key valuation signals for BSP:CPFE3:
Debt-to-EBITDA: 2.32 (15% below median its 10-year median of 2.74)
GF Value™: R$37.96 vs. price of R$46.14 (21.5% above fair value)
Industry Position: 42.2% below the Utilities - Regulated median (#162 of 448)
No single metric tells the full story. See the BSP:CPFE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CPFL Energia SA operates as a holding company. Along with its subsidiaries, the company is engaged in distribution, generation, transmission and commercialization activities of electric energy in Brazil. It also provides energy-related services through its solutions division, including energy management and trading, energy efficiency services, distributed generation, energy infrastructure development, and consulting services. The company's operating segments are (i) electric energy distribution activities, (ii) electric energy generation, (iii) electric energy transmission, (iv) energy commercialization, (v) service activities, and (vi) other activities not listed in the previous items. The majority of the company's revenue is derived from the electric energy distribution segment.
78GF Score
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