Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA) E10: €0.18 (As of Mar. 2026)


FRA:CIDA Cia Energetica DE Minas Gerais - Cemig FRA:CIDA
66 GF Score
Price €1.78
GF Value €421.05
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Cia Energetica DE Minas Gerais - Cemig E10?

Cia Energetica DE Minas Gerais - Cemig FRA:CIDA +2.89% 66 E10 is €0.18 as of Mar. 2026. GuruFocus rates FRA:CIDA with a GF Score™ of 66/100 and a GF Value™ of €421.05 (Significantly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Cia Energetica DE Minas Gerais - Cemig's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.057. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.18 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Cia Energetica DE Minas Gerais - Cemig's average E10 Growth Rate was 12.00% per year. During the past 3 years, the average E10 Growth Rate was 5.20% per year. During the past 5 years, the average E10 Growth Rate was 0.50% per year. During the past 10 years, the average E10 Growth Rate was -0.40% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Cia Energetica DE Minas Gerais - Cemig was 13.40% per year. The lowest was -3.30% per year. And the median was 0.95% per year.

As of today (2026-06-25), Cia Energetica DE Minas Gerais - Cemig's current stock price is €1.78. Cia Energetica DE Minas Gerais - Cemig's E10 for the quarter that ended in Mar. 2026 was €0.18. Cia Energetica DE Minas Gerais - Cemig's Shiller PE Ratio of today is 9.89.

During the past 13 years, the highest Shiller PE Ratio of Cia Energetica DE Minas Gerais - Cemig was 13.17. The lowest was 2.25. And the median was 6.67.


Cia Energetica DE Minas Gerais - Cemig  (FRA:CIDA) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Cia Energetica DE Minas Gerais - Cemig's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.78/0.18
=9.89

* 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 Shiller P/E Ratio of Cia Energetica DE Minas Gerais - Cemig was 13.17. The lowest was 2.25. And the median was 6.67.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Cia Energetica DE Minas Gerais - Cemig E10 Related Terms


Cia Energetica DE Minas Gerais - Cemig E10 Historical Data

* Premium members only.

The historical data trend for Cia Energetica DE Minas Gerais - Cemig's E10 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 E10 Chart

Cia Energetica DE Minas Gerais - Cemig Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.14 0.19 0.16 0.17

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
E10 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 0.15 0.14 0.16 0.17 0.18

FRA:CIDA vs NEE, SO, DUK: E10 Comparison

For the Utilities - Regulated Electric subindustry, Cia Energetica DE Minas Gerais - Cemig's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Utilities - Regulated Industry

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

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


FRA:CIDA
66GF Score
Cia Energetica DE Minas Gerais - Cemig FRA:CIDA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Cia Energetica DE Minas Gerais - Cemig E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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, Cia Energetica DE Minas Gerais - Cemig's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.057/175.0655*175.0655
=0.057

Current CPI (Mar. 2026) = 175.0655.

Cia Energetica DE Minas Gerais - Cemig Quarterly Data

per share eps CPI Adj_EPS
201606 0.021 108.851 0.034
201609 0.047 109.986 0.075
201612 -0.059 110.802 -0.093
201703 0.041 111.869 0.064
201706 0.015 112.115 0.023
201709 -0.008 112.777 -0.012
201712 0.007 114.068 0.011
201803 0.040 114.868 0.061
201806 -0.001 117.038 -0.001
201809 0.018 117.881 0.027
201812 0.079 118.340 0.117
201903 0.064 120.124 0.093
201906 0.170 120.977 0.246
201909 -0.022 121.292 -0.032
201912 0.038 123.436 0.054
202003 -0.004 124.092 -0.006
202006 0.065 123.557 0.092
202009 0.032 125.095 0.045
202012 0.071 129.012 0.096
202103 0.019 131.660 0.025
202106 0.146 133.871 0.191
202109 0.024 137.913 0.030
202112 0.052 141.992 0.064
202203 0.093 146.537 0.111
202206 0.003 149.784 0.004
202209 0.080 147.800 0.095
202212 0.089 150.207 0.104
202303 0.088 153.352 0.100
202306 0.084 154.519 0.095
202309 0.082 155.464 0.092
202312 0.123 157.148 0.137
202403 0.074 159.372 0.081
202406 0.102 161.052 0.111
202409 0.187 162.342 0.202
202412 0.055 164.740 0.058
202503 0.058 168.102 0.060
202506 0.066 169.670 0.068
202509 0.044 170.739 0.045
202512 0.103 171.765 0.105
202603 0.057 175.066 0.057

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €0.18 mean?
Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA) has a E10 of €0.18 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Cia Energetica DE Minas Gerais - Cemig and its competitors.
Is Cia Energetica DE Minas Gerais - Cemig's E10 too high?
Cia Energetica DE Minas Gerais - Cemig's current E10 is €0.18. Overall, Cia Energetica DE Minas Gerais - Cemig has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cia Energetica DE Minas Gerais - Cemig's E10 compare to NEE and SO?
Cia Energetica DE Minas Gerais - Cemig's E10 of €0.18 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 E10 for an Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Cia Energetica DE Minas Gerais - Cemig and its competitors. Cia Energetica DE Minas Gerais - Cemig's current E10 is €0.18. 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?
Based on GuruFocus' analysis, Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA) is currently considered Significantly Undervalued. The stock's GF Value™ is €421.05, compared to a current price of €1.78 — trading 99.6% below its estimated fair value. The current E10 is €0.18. Cia Energetica DE Minas Gerais - Cemig's overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA), the current E10 is €0.18 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 Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA) Overvalued in 2026?

Based on GuruFocus' analysis, Cia Energetica DE Minas Gerais - Cemig stock appears to be undervalued. The current stock price of €1.78 is trading 99.6% below its estimated GF Value™ of €421.05. GuruFocus considers Cia Energetica DE Minas Gerais - Cemig to be Significantly Undervalued.

Key valuation signals for FRA:CIDA:

  • E10: €0.18
  • GF Value™: €421.05 vs. price of €1.78 (99.6% below fair value)
  • GF Score™: 66/100 with 3 warning signs

No single metric tells the full story. See the FRA:CIDA 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:CIDA

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.78
Price
€421.05
GF Value