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Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue.
Companhia de Eletricidade do Estado da Bahia – Coelba's Degree of Operating Leverage for the quarter that ended in Jun. 2026 was 0.45. The higher Degree of Operating Leverage, the higher operating risk the company will take.
BSP:CEEB3's Degree of Operating Leverage is ranked better than 57.32% of 492
companies
in the Utilities - Regulated industry
Industry Median: 0.785
vs BSP:CEEB3: 0.45
Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) Degree of Operating Leverage Explanation
Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.
A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.
Be Aware
The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.
Companhia de Eletricidade do Estado da Bahia – Coelba Degree of Operating Leverage Related Terms
Companhia de Eletricidade do Estado da Bahia – Coelba Degree of Operating Leverage Historical Data
* 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.
Companhia de Eletricidade do Estado da Bahia – Coelba Degree of Operating Leverage Chart
Companhia de Eletricidade do Estado da Bahia – Coelba Annual Data
BSP:CEEB3 vs NEE, SO, DUK: Degree of Operating Leverage Comparison
For the Utilities - Regulated Electric subindustry, Companhia de Eletricidade do Estado da Bahia – Coelba's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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.
Companhia de Eletricidade do Estado da Bahia – Coelba Degree of Operating Leverage vs Utilities - Regulated Industry
* 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.
** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
What does a Degree of Operating Leverage of 0.45 mean?
Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) has a Degree of Operating Leverage of 0.45 as of Jun. 2026. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Companhia de Eletricidade do Estado da Bahia – Coelba and its competitors. According to the industry distribution chart, Companhia de Eletricidade do Estado da Bahia – Coelba ranks #210 out of 492 companies in the Utilities - Regulated industry, placing it in the top 42.7%.
Is Companhia de Eletricidade do Estado da Bahia – Coelba's Degree of Operating Leverage too high?
Companhia de Eletricidade do Estado da Bahia – Coelba's current Degree of Operating Leverage is 0.45. The Utilities - Regulated industry median Degree of Operating Leverage is 0.79. Companhia de Eletricidade do Estado da Bahia – Coelba's value of 0.45 is 42.7% below this industry median. Based on the distribution chart, Companhia de Eletricidade do Estado da Bahia – Coelba ranks #210 out of 492 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Companhia de Eletricidade do Estado da Bahia – Coelba has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Companhia de Eletricidade do Estado da Bahia – Coelba's Degree of Operating Leverage compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Companhia de Eletricidade do Estado da Bahia – Coelba ranks #210 out of 492 companies for Degree of Operating Leverage. This puts Companhia de Eletricidade do Estado da Bahia – Coelba in the upper half of its industry. The industry median Degree of Operating Leverage is 0.79. Companhia de Eletricidade do Estado da Bahia – Coelba's value of 0.45 is 42.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Degree of Operating Leverage for an Utilities - Regulated company?
The median Degree of Operating Leverage among Utilities - Regulated companies is 0.79, based on 492 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Operating Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Operating Leverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Companhia de Eletricidade do Estado da Bahia – Coelba's current Degree of Operating Leverage of 0.45 is 42.7% 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 Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Companhia de Eletricidade do Estado da Bahia – Coelba and its competitors. For the Utilities - Regulated industry, the median Degree of Operating Leverage is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Companhia de Eletricidade do Estado da Bahia – Coelba's current Degree of Operating Leverage is 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Companhia de Eletricidade do Estado da Bahia – Coelba stock overvalued right now?
Based on GuruFocus' analysis, Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) is currently considered Fairly Valued. The stock's GF Value™ is R$46.30, compared to a current price of R$46.20 — trading 0.2% below its estimated fair value. The current Degree of Operating Leverage is 0.45 and 42.7% below the Utilities - Regulated industry median of 0.79. Companhia de Eletricidade do Estado da Bahia – Coelba's overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3), the current Degree of Operating Leverage is 0.45 as of Jun. 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 Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) Overvalued in 2026?
Based on GuruFocus' analysis, Companhia de Eletricidade do Estado da Bahia – Coelba stock appears to be undervalued.
The current stock price of R$46.20 is trading 0.2% below its estimated GF Value™ of R$46.30.
GuruFocus considers Companhia de Eletricidade do Estado da Bahia – Coelba to be Fairly Valued.
Key valuation signals for BSP:CEEB3:
Degree of Operating Leverage: 0.45
GF Value™: R$46.30 vs. price of R$46.20 (0.2% below fair value)
Industry Position: 42.7% below the Utilities - Regulated median (#210 of 492)
No single metric tells the full story. See the BSP:CEEB3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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