Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) EBIT: R$2,195 Mil (TTM As of Mar. 2026)

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BSP:CSMG3 Compania de Saneamento de Minas Gerais - COPASA MG BSP:CSMG3
83 GF Score
Price R$63.16
GF Value R$25.12
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Compania deneamento de Minas Gerais - COPASA MG EBIT?

Compania deneamento de Minas Gerais - COPASA MG BSP:CSMG3 -1.07% 83 EBIT is R$2,195 Mil as of Mar. 2026. GuruFocus rates BSP:CSMG3 with a GF Score™ of 83/100 and a GF Value™ of R$25.12 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Compania deneamento de Minas Gerais - COPASA MG's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was R$606 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was R$2,195 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Compania deneamento de Minas Gerais - COPASA MG's annualized ROC % for the quarter that ended in Mar. 2026 was 9.85%. Compania deneamento de Minas Gerais - COPASA MG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 28.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Compania deneamento de Minas Gerais - COPASA MG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.11%.

Compania deneamento de Minas Gerais - COPASA MG  (BSP:CSMG3) EBIT Explanation

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

Compania deneamento de Minas Gerais - COPASA MG'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 )
=2183.744 * ( 1 - 19.89% )/( (16405.594 + 19111.064)/ 2 )
=1749.3973184/17758.329
=9.85 %

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))
=17737.247 - 639.352 - ( 822.899 - max(0, 1841.63 - 2533.931+822.899))
=16405.594

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))
=21493.578 - 776.957 - ( 2516.999 - max(0, 2664.999 - 4270.556+2516.999))
=19111.064

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

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

Compania deneamento de Minas Gerais - COPASA MG'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 )
=2422.236/( ( (7896.811 + max(644.174, 0)) + (8355.59 + max(-65.402, 0)) )/ 2 )
=2422.236/( ( 8540.985 + 8355.59 )/ 2 )
=2422.236/8448.2875
=28.67 %

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)
=(1450.516 + 106.14 + 154.376) - (639.352 + 0 + 427.506)
=644.174

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1479.984 + 104.26 + 169.313) - (776.957 + 0 + 1042.002)
=-65.402

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:

Compania deneamento de Minas Gerais - COPASA MG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=2195.408/30871.282
=7.11 %

* 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 EBIT Related Terms

Compania deneamento de Minas Gerais - COPASA MG EBIT Historical Data

* Premium members only.

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG'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.

Compania deneamento de Minas Gerais - COPASA MG EBIT Chart

Compania deneamento de Minas Gerais - COPASA MG 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 1,054.49 1,223.82 1,793.41 2,035.43 2,273.44

Compania deneamento de Minas Gerais - COPASA MG 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 679.53 462.89 592.00 534.97 605.56

BSP:CSMG3 vs AWK, WTRG, AWR: EBIT Comparison

For the Utilities - Regulated Water subindustry, Compania deneamento de Minas Gerais - COPASA MG'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.

Compania deneamento de Minas Gerais - COPASA MG EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Compania deneamento de Minas Gerais - COPASA MG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Compania deneamento de Minas Gerais - COPASA MG's EV-to-EBIT falls into.


BSP:CSMG3
83GF Score
Compania de Saneamento de Minas Gerais - COPASA MG BSP:CSMG3
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Compania deneamento de Minas Gerais - COPASA MG 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$2,195 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$2,195 Mil mean?
Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) has a EBIT of R$2,195 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Compania deneamento de Minas Gerais - COPASA MG.
Is Compania deneamento de Minas Gerais - COPASA MG's EBIT too high?
Compania deneamento de Minas Gerais - COPASA MG's current EBIT is R$2,195 Mil. Overall, Compania deneamento de Minas Gerais - COPASA MG has a GF Score™ of 83/100 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 EBIT compare to AWK and WTRG?
Compania deneamento de Minas Gerais - COPASA MG's EBIT of R$2,195 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 Compania deneamento de Minas Gerais - COPASA MG. Compania deneamento de Minas Gerais - COPASA MG's current EBIT is R$2,195 Mil. 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$25.12, compared to a current price of R$63.16 — trading 151.4% above its estimated fair value. The current EBIT is R$2,195 Mil. Compania deneamento de Minas Gerais - COPASA MG's overall GF Score™ is 83/100 with 9 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 Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3), the current EBIT is R$2,195 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 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$63.16 is trading 151.4% above its estimated GF Value™ of R$25.12. GuruFocus considers Compania deneamento de Minas Gerais - COPASA MG to be Significantly Overvalued.

Key valuation signals for BSP:CSMG3:

  • EBIT: R$2,195 Mil
  • GF Value™: R$25.12 vs. price of R$63.16 (151.4% above fair value)
  • GF Score™: 83/100 with 9 warning signs

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 deneamento de Minas Gerais - COPASA MG Business Description

Address Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900
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.
83GF Score

Get the complete analysis for BSP:CSMG3

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

R$63.16
Price
R$25.12
GF Value