Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) EBIT: R$3,866 Mil (TTM As of Mar. 2026)


BSP:CEEB3 Companhia de Eletricidade do Estado da Bahia – Coelba BSP:CEEB3
76 GF Score
Price R$45.11
GF Value R$46.32
Valuation Fairly Valued
! 6 Warning Signs
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What is Companhia de Eletricidade do Estado da Bahia – Coelba EBIT?

Companhia de Eletricidade do Estado da Bahia – Coelba BSP:CEEB3 +0.13% 76 EBIT is R$3,866 Mil as of Mar. 2026. GuruFocus rates BSP:CEEB3 with a GF Score™ of 76/100 and a GF Value™ of R$46.32 (Fairly Valued). The stock has 6 warning signs investors should review.

Companhia de Eletricidade do Estado da Bahia – Coelba's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was R$1,081 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was R$3,866 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Companhia de Eletricidade do Estado da Bahia – Coelba's annualized ROC % for the quarter that ended in Mar. 2026 was 11.36%. Companhia de Eletricidade do Estado da Bahia – Coelba's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 367.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Companhia de Eletricidade do Estado da Bahia – Coelba's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.26%.

Companhia de Eletricidade do Estado da Bahia – Coelba  (BSP:CEEB3) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Companhia de Eletricidade do Estado da Bahia – Coelba's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=4780 * ( 1 - 23.68% )/( (31823 + 32430)/ 2 )
=3648.096/32126.5
=11.36 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=35861 - 2799 - ( 2640 - max(0, 6384 - 7623+2640))
=31823

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=37739 - 2918 - ( 3205 - max(0, 6181 - 8572+3205))
=32430

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Companhia de Eletricidade do Estado da Bahia – Coelba's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4324/( ( (43 + max(989, 0)) + (50 + max(1273, 0)) )/ 2 )
=4324/( ( 1032 + 1323 )/ 2 )
=4324/1177.5
=367.22 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3625 + 0 + 1358) - (2799 + 0 + 1195)
=989

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3912 + 0 + 1455) - (2918 + 0 + 1176)
=1273

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Companhia de Eletricidade do Estado da Bahia – Coelba's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=3866/31542.154
=12.26 %

* 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 EBIT Related Terms

Companhia de Eletricidade do Estado da Bahia – Coelba EBIT Historical Data

* Premium members only.

The historical data trend for Companhia de Eletricidade do Estado da Bahia – Coelba's EBIT 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.

Companhia de Eletricidade do Estado da Bahia – Coelba EBIT Chart

Companhia de Eletricidade do Estado da Bahia – Coelba Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,684.00 2,974.00 3,258.00 3,539.00 3,845.00

Companhia de Eletricidade do Estado da Bahia – Coelba Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 1,037.00 1,019.00 748.00 1,018.00 1,081.00

BSP:CEEB3 vs NEE, SO, DUK: EBIT Comparison

For the Utilities - Regulated Electric subindustry, Companhia de Eletricidade do Estado da Bahia – Coelba's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Companhia de Eletricidade do Estado da Bahia – Coelba's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Companhia de Eletricidade do Estado da Bahia – Coelba's EV-to-EBIT falls into.


BSP:CEEB3
76GF Score
Companhia de Eletricidade do Estado da Bahia – Coelba BSP:CEEB3
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Companhia de Eletricidade do Estado da Bahia – Coelba EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

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$3,866 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of R$3,866 Mil mean?
Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3) has a EBIT of R$3,866 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Companhia de Eletricidade do Estado da Bahia – Coelba.
Is Companhia de Eletricidade do Estado da Bahia – Coelba's EBIT too high?
Companhia de Eletricidade do Estado da Bahia – Coelba's current EBIT is R$3,866 Mil. Overall, Companhia de Eletricidade do Estado da Bahia – Coelba has a GF Score™ of 76/100 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 EBIT compare to NEE and SO?
Companhia de Eletricidade do Estado da Bahia – Coelba's EBIT of R$3,866 Mil 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 EBIT for an Utilities - Regulated company?
A good EBIT depends on the Utilities - Regulated industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Companhia de Eletricidade do Estado da Bahia – Coelba. Companhia de Eletricidade do Estado da Bahia – Coelba's current EBIT is R$3,866 Mil. 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$46.32, compared to a current price of R$45.11 — trading 2.6% below its estimated fair value. The current EBIT is R$3,866 Mil. Companhia de Eletricidade do Estado da Bahia – Coelba's overall GF Score™ is 76/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Companhia de Eletricidade do Estado da Bahia – Coelba (BSP:CEEB3), the current EBIT is R$3,866 Mil 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 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$45.11 is trading 2.6% below its estimated GF Value™ of R$46.32. GuruFocus considers Companhia de Eletricidade do Estado da Bahia – Coelba to be Fairly Valued.

Key valuation signals for BSP:CEEB3:

  • EBIT: R$3,866 Mil
  • GF Value™: R$46.32 vs. price of R$45.11 (2.6% below fair value)
  • GF Score™: 76/100 with 6 warning signs

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.

Companhia de Eletricidade do Estado da Bahia – Coelba Business Description

Other Exchanges CEEB5:Brazil
Address Av Edgar Santos 300, Bloco A/1 Andar, Salvador, BA, BRA, 41186900
Companhia de Eletricidade do Estado da Bahia - Coelba is a Neoenergia group that distributes electricity.
76GF Score

Get the complete analysis for BSP:CEEB3

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

R$45.11
Price
R$46.32
GF Value