Empresa Metropolitana de Aguas & Energia (BSP:EMAE4) EBIT: R$-235.3 Mil (TTM As of Mar. 2026)


BSP:EMAE4 Empresa Metropolitana de Aguas & Energia SA BSP:EMAE4
63 GF Score
Price R$38.80
GF Value R$37.23
Valuation Fairly Valued
! 3 Warning Signs
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What is Empresa Metropolitana de Aguas & Energia EBIT?

Empresa Metropolitana de Aguas & Energia BSP:EMAE4 +2.11% 63 EBIT is R$-235.3 Mil as of Mar. 2026. GuruFocus rates BSP:EMAE4 with a GF Score™ of 63/100 and a GF Value™ of R$37.23 (Fairly Valued). The stock has 3 warning signs investors should review.

Empresa Metropolitana de Aguas & Energia's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was R$35.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was R$-235.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Empresa Metropolitana de Aguas & Energia's annualized ROC % for the quarter that ended in Mar. 2026 was 2.56%. Empresa Metropolitana de Aguas & Energia's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 68.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Empresa Metropolitana de Aguas & Energia's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -23.18%.

Empresa Metropolitana de Aguas & Energia  (BSP:EMAE4) EBIT Explanation

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

Empresa Metropolitana de Aguas & Energia'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 )
=49.296 * ( 1 - 27.42% )/( (1389.544 + 1401.284)/ 2 )
=35.7790368/1395.414
=2.56 %

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))
=1769.992 - 46.279 - ( 389.426 - max(0, 161.124 - 495.293+389.426))
=1389.544

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))
=1819.665 - 53.831 - ( 425.285 - max(0, 171.837 - 536.387+425.285))
=1401.284

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

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

Empresa Metropolitana de Aguas & Energia'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 )
=142.74/( ( (209.108 + max(-55.803, 0)) + (207.618 + max(-60.952, 0)) )/ 2 )
=142.74/( ( 209.108 + 207.618 )/ 2 )
=142.74/208.363
=68.51 %

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)
=(46.029 + 0 + 53.863) - (46.279 + 0 + 109.416)
=-55.803

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(46.878 + 0 + 57.906) - (53.831 + 0 + 111.905)
=-60.952

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:

Empresa Metropolitana de Aguas & Energia's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-235.347/1015.131
=-23.18 %

* 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.

Empresa Metropolitana de Aguas & Energia EBIT Related Terms

Empresa Metropolitana de Aguas & Energia EBIT Historical Data

* Premium members only.

The historical data trend for Empresa Metropolitana de Aguas & Energia'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.

Empresa Metropolitana de Aguas & Energia EBIT Chart

Empresa Metropolitana de Aguas & Energia 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 191.44 78.59 159.65 16.47 -222.85

Empresa Metropolitana de Aguas & Energia 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 26.73 44.00 311.52 -626.55 35.69

BSP:EMAE4 vs SRE: EBIT Comparison

For the Utilities - Diversified subindustry, Empresa Metropolitana de Aguas & Energia'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.

Empresa Metropolitana de Aguas & Energia EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Empresa Metropolitana de Aguas & Energia's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Empresa Metropolitana de Aguas & Energia's EV-to-EBIT falls into.


BSP:EMAE4
63GF Score
Empresa Metropolitana de Aguas & Energia SA BSP:EMAE4
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Empresa Metropolitana de Aguas & Energia 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$-235.3 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$-235.3 Mil mean?
Empresa Metropolitana de Aguas & Energia (BSP:EMAE4) has a EBIT of R$-235.3 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Empresa Metropolitana de Aguas & Energia.
Is Empresa Metropolitana de Aguas & Energia's EBIT too high?
Empresa Metropolitana de Aguas & Energia's current EBIT is R$-235.3 Mil. Overall, Empresa Metropolitana de Aguas & Energia has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Empresa Metropolitana de Aguas & Energia's EBIT compare to SRE?
Empresa Metropolitana de Aguas & Energia's EBIT of R$-235.3 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 Empresa Metropolitana de Aguas & Energia. Empresa Metropolitana de Aguas & Energia's current EBIT is R$-235.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empresa Metropolitana de Aguas & Energia stock overvalued right now?
Based on GuruFocus' analysis, Empresa Metropolitana de Aguas & Energia (BSP:EMAE4) is currently considered Fairly Valued. The stock's GF Value™ is R$37.23, compared to a current price of R$38.80 — trading 4.2% above its estimated fair value. The current EBIT is R$-235.3 Mil. Empresa Metropolitana de Aguas & Energia's overall GF Score™ is 63/100 with 3 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 Empresa Metropolitana de Aguas & Energia (BSP:EMAE4), the current EBIT is R$-235.3 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 Empresa Metropolitana de Aguas & Energia (BSP:EMAE4) Overvalued in 2026?

Based on GuruFocus' analysis, Empresa Metropolitana de Aguas & Energia stock appears to be overvalued. The current stock price of R$38.80 is trading 4.2% above its estimated GF Value™ of R$37.23. GuruFocus considers Empresa Metropolitana de Aguas & Energia to be Fairly Valued.

Key valuation signals for BSP:EMAE4:

  • EBIT: R$-235.3 Mil
  • GF Value™: R$37.23 vs. price of R$38.80 (4.2% above fair value)
  • GF Score™: 63/100 with 3 warning signs

No single metric tells the full story. See the BSP:EMAE4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Empresa Metropolitana de Aguas & Energia Business Description

Address Avenida Jornalista Roberto Marinho, No. 85, 16th Floor 17 andares, Bairro de Cidade Moncoes, Sao Paulo, SP, BRA, 04576-010
Empresa Metropolitana de Aguas & Energia SA is engaged in electricity generation. The company manages a complex hydraulic system that includes dykes, dams, and reservoirs, with notable ones being Billings and Guarapiranga, located in the southern zone of Sao Paulo city, as well as the Sao Paulo and Pedreira pumping stations and the Pinheiros River canal. The company's activities include electricity supply, the construction of energy generation assets, and the provision of operation and maintenance services for power plants and related structures, serving both private companies and public sector entities.
63GF Score

Get the complete analysis for BSP:EMAE4

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

R$38.80
Price
R$37.23
GF Value