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BSP:CSMG3's Earnings Yield (Joel Greenblatt) % is ranked better than 54.33% of 508
companies
in the Utilities - Regulated industry
Industry Median: 6.56
vs BSP:CSMG3: 7.22
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Compania deneamento de Minas Gerais - COPASA MG's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 20.63%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
* 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 Earnings Yield (Joel Greenblatt) % Chart
Compania deneamento de Minas Gerais - COPASA MG Annual Data
For the Utilities - Regulated Water subindustry, Compania deneamento de Minas Gerais - COPASA MG's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Utilities - Regulated Industry
Compania deneamento de Minas Gerais - COPASA MG Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Compania deneamento de Minas Gerais - COPASA MG's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$2,195 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 7.62% mean?
Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) has a Earnings Yield (Joel Greenblatt) % of 7.62% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Compania deneamento de Minas Gerais - COPASA MG and its competitors. This is 34% below median its historical median of 11.48. Over the past decade, Compania deneamento de Minas Gerais - COPASA MG's Earnings Yield (Joel Greenblatt) % has ranged from 6.18 to 18.43. According to the industry distribution chart, Compania deneamento de Minas Gerais - COPASA MG ranks #232 out of 508 companies in the Utilities - Regulated industry, placing it in the top 45.7%.
Is Compania deneamento de Minas Gerais - COPASA MG's Earnings Yield (Joel Greenblatt) % too high?
Compania deneamento de Minas Gerais - COPASA MG's current Earnings Yield (Joel Greenblatt) % of 7.62% is 34% below median its 10-year median of 11.48. Over the past 10 years, this metric has ranged from a low of 6.18 to a high of 18.43. The Utilities - Regulated industry median Earnings Yield (Joel Greenblatt) % is 6.56. Compania deneamento de Minas Gerais - COPASA MG's value of 7.62% is 16.2% above this industry median. Based on the distribution chart, Compania deneamento de Minas Gerais - COPASA MG ranks #232 out of 508 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Compania deneamento de Minas Gerais - COPASA MG has a GF Score™ of 70/100 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 Earnings Yield (Joel Greenblatt) % compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Compania deneamento de Minas Gerais - COPASA MG ranks #232 out of 508 companies for Earnings Yield (Joel Greenblatt) %. This puts Compania deneamento de Minas Gerais - COPASA MG in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.56. Compania deneamento de Minas Gerais - COPASA MG's value of 7.62% is 16.2% above this benchmark. Historically, Compania deneamento de Minas Gerais - COPASA MG's own Earnings Yield (Joel Greenblatt) % has ranged from 6.18 to 18.43 over the past decade. While the company's 10-year median is 11.48 vs. the industry median of 6.56, Compania deneamento de Minas Gerais - COPASA MG has consistently been above 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 Earnings Yield (Joel Greenblatt) % for an Utilities - Regulated company?
The median Earnings Yield (Joel Greenblatt) % among Utilities - Regulated companies is 6.56, based on 508 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Compania deneamento de Minas Gerais - COPASA MG's current Earnings Yield (Joel Greenblatt) % of 7.62% is 16.2% above 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Compania deneamento de Minas Gerais - COPASA MG and its competitors. For the Utilities - Regulated industry, the median Earnings Yield (Joel Greenblatt) % is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Compania deneamento de Minas Gerais - COPASA MG's current Earnings Yield (Joel Greenblatt) % is 7.62%, which is 34% below median its own 10-year median of 11.48. 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$26.16, compared to a current price of R$61.94 — trading 136.8% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 7.62%, which is 34% below median its 10-year median of 11.48 and 16.2% above the Utilities - Regulated industry median of 6.56. Compania deneamento de Minas Gerais - COPASA MG's overall GF Score™ is 70/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3), the current Earnings Yield (Joel Greenblatt) % is 7.62% 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$61.94 is trading 136.8% above its estimated GF Value™ of R$26.16.
GuruFocus considers Compania deneamento de Minas Gerais - COPASA MG to be Significantly Overvalued.
Key valuation signals for BSP:CSMG3:
Earnings Yield (Joel Greenblatt) %: 7.62% (34% below median its 10-year median of 11.48)
GF Value™: R$26.16 vs. price of R$61.94 (136.8% above fair value)
Industry Position: 16.2% above the Utilities - Regulated median (#232 of 508)
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 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.
70GF Score
Get the complete analysis for BSP:CSMG3
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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