CIA de Gas deo Paulo - COMGAS (BSP:CGAS3) EBIT: R$3,077 Mil (TTM As of Mar. 2026)


BSP:CGAS3 CIA de Gas de Sao Paulo - COMGAS BSP:CGAS3
63 GF Score
Price R$126.00
GF Value R$83.60
Valuation Significantly Overvalued
! 7 Warning Signs
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What is CIA de Gas deo Paulo - COMGAS EBIT?

CIA de Gas deo Paulo - COMGAS BSP:CGAS3 63 EBIT is R$3,077 Mil as of Mar. 2026. GuruFocus rates BSP:CGAS3 with a GF Score™ of 63/100 and a GF Value™ of R$83.60 (Significantly Overvalued). The stock has 7 warning signs investors should review.

CIA de Gas deo Paulo - COMGAS's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was R$707 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was R$3,077 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CIA de Gas deo Paulo - COMGAS's annualized ROC % for the quarter that ended in Mar. 2026 was 14.19%. CIA de Gas deo Paulo - COMGAS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 892.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CIA de Gas deo Paulo - COMGAS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.99%.

CIA de Gas deo Paulo - COMGAS  (BSP:CGAS3) EBIT Explanation

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

CIA de Gas deo Paulo - COMGAS'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 )
=2668.872 * ( 1 - 33.75% )/( (12389.876 + 12522.744)/ 2 )
=1768.1277/12456.31
=14.19 %

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))
=14946.78 - 1140.934 - ( 2663.615 - max(0, 2678.036 - 4094.006+2663.615))
=12389.876

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))
=16495.333 - 950.078 - ( 3975.311 - max(0, 2456.231 - 5478.742+3975.311))
=12522.744

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

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

CIA de Gas deo Paulo - COMGAS'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 )
=2826.984/( ( (47.476 + max(127.924, 0)) + (51.429 + max(406.516, 0)) )/ 2 )
=2826.984/( ( 175.4 + 457.945 )/ 2 )
=2826.984/316.6725
=892.72 %

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)
=(902.233 + 147.474 + 379.989) - (1140.934 + 0 + 160.838)
=127.924

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(873.454 + 158.689 + 470.315) - (950.078 + 0 + 145.864)
=406.516

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:

CIA de Gas deo Paulo - COMGAS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=3077.256/23692.073
=12.99 %

* 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 de Gas deo Paulo - COMGAS EBIT Related Terms

CIA de Gas deo Paulo - COMGAS EBIT Historical Data

* Premium members only.

The historical data trend for CIA de Gas deo Paulo - COMGAS'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.

CIA de Gas deo Paulo - COMGAS EBIT Chart

CIA de Gas deo Paulo - COMGAS 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 3,164.63 3,036.84 2,747.44 3,435.72 3,079.20

CIA de Gas deo Paulo - COMGAS 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 708.69 797.28 817.72 755.51 706.75

BSP:CGAS3 vs ATO, NI, UGI: EBIT Comparison

For the Utilities - Regulated Gas subindustry, CIA de Gas deo Paulo - COMGAS'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.

CIA de Gas deo Paulo - COMGAS EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CIA de Gas deo Paulo - COMGAS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CIA de Gas deo Paulo - COMGAS's EV-to-EBIT falls into.


BSP:CGAS3
63GF Score
CIA de Gas de Sao Paulo - COMGAS BSP:CGAS3
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CIA de Gas deo Paulo - COMGAS 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$3,077 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$3,077 Mil mean?
CIA de Gas deo Paulo - COMGAS (BSP:CGAS3) has a EBIT of R$3,077 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on CIA de Gas deo Paulo - COMGAS.
Is CIA de Gas deo Paulo - COMGAS's EBIT too high?
CIA de Gas deo Paulo - COMGAS's current EBIT is R$3,077 Mil. Overall, CIA de Gas deo Paulo - COMGAS has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CIA de Gas deo Paulo - COMGAS's EBIT compare to ATO and NI?
CIA de Gas deo Paulo - COMGAS's EBIT of R$3,077 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 CIA de Gas deo Paulo - COMGAS. CIA de Gas deo Paulo - COMGAS's current EBIT is R$3,077 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CIA de Gas deo Paulo - COMGAS stock overvalued right now?
Based on GuruFocus' analysis, CIA de Gas deo Paulo - COMGAS (BSP:CGAS3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$83.60, compared to a current price of R$126.00 — trading 50.7% above its estimated fair value. The current EBIT is R$3,077 Mil. CIA de Gas deo Paulo - COMGAS's overall GF Score™ is 63/100 with 7 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 CIA de Gas deo Paulo - COMGAS (BSP:CGAS3), the current EBIT is R$3,077 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 CIA de Gas deo Paulo - COMGAS (BSP:CGAS3) Overvalued in 2026?

Based on GuruFocus' analysis, CIA de Gas deo Paulo - COMGAS stock appears to be overvalued. The current stock price of R$126.00 is trading 50.7% above its estimated GF Value™ of R$83.60. GuruFocus considers CIA de Gas deo Paulo - COMGAS to be Significantly Overvalued.

Key valuation signals for BSP:CGAS3:

  • EBIT: R$3,077 Mil
  • GF Value™: R$83.60 vs. price of R$126.00 (50.7% above fair value)
  • GF Score™: 63/100 with 7 warning signs

No single metric tells the full story. See the BSP:CGAS3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CIA de Gas deo Paulo - COMGAS Business Description

Other Exchanges CGAS5:Brazil
Address Brigadeiro Faria Lima Avenue, 4,100, 4th floor, Itaim Bibi, SP, BRA, 04538-132
CIA de Gas de Sao Paulo - COMGAS distributes piped natural gas in part of the State of Sao Paulo for consumers in the industrial, residential, commercial, automotive, thermal generation and cogeneration sectors.
63GF Score

Get the complete analysis for BSP:CGAS3

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

R$126.00
Price
R$83.60
GF Value