Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA) EBIT: €1,166 Mil (TTM As of Mar. 2026)


FRA:CIDA Cia Energetica DE Minas Gerais - Cemig FRA:CIDA
66 GF Score
Price €1.78
GF Value €421.05
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Cia Energetica DE Minas Gerais - Cemig EBIT?

Cia Energetica DE Minas Gerais - Cemig FRA:CIDA +2.89% 66 EBIT is €1,166 Mil as of Mar. 2026. GuruFocus rates FRA:CIDA with a GF Score™ of 66/100 and a GF Value™ of €421.05 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Cia Energetica DE Minas Gerais - Cemig's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €272 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €1,166 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cia Energetica DE Minas Gerais - Cemig's annualized ROC % for the quarter that ended in Mar. 2026 was 71,379.96%. Cia Energetica DE Minas Gerais - Cemig's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 152.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cia Energetica DE Minas Gerais - Cemig's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.62%.

Cia Energetica DE Minas Gerais - Cemig  (FRA:CIDA) EBIT Explanation

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

Cia Energetica DE Minas Gerais - Cemig'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 )
=6916155.996 * ( 1 - 6.67% )/( (9042.942 + 0)/ 1 )
=6454848.3910668/9042.942
=71,379.96 %

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))
=10492.13 - 1446.683 - ( 678.886 - max(0, 2263.788 - 2266.293+678.886))
=9042.942

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))
=0 - 0 - ( 0 - max(0, 0 - 0+0))
=0

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 Energetica DE Minas Gerais - Cemig'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 )
=1088.364/( ( (713.793 + max(-524.856, 0)) + (0 + max(0, 0)) )/ 1 )
=1088.364/( ( 713.793 + 0 )/ 1 )
=1088.364/713.793
=152.48 %

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)
=(907.112 + 0 + 340.148) - (1446.683 + 0 + 325.433)
=-524.856

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

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 Energetica DE Minas Gerais - Cemig's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1165.87/8559.994
=13.62 %

* 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 Energetica DE Minas Gerais - Cemig EBIT Related Terms

Cia Energetica DE Minas Gerais - Cemig EBIT Historical Data

* Premium members only.

The historical data trend for Cia Energetica DE Minas Gerais - Cemig'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 Energetica DE Minas Gerais - Cemig EBIT Chart

Cia Energetica DE Minas Gerais - Cemig 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 914.91 908.47 1,471.75 1,619.63 1,122.82

Cia Energetica DE Minas Gerais - Cemig 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 266.19 276.34 201.69 415.75 272.09

FRA:CIDA vs NEE, SO, DUK: EBIT Comparison

For the Utilities - Regulated Electric subindustry, Cia Energetica DE Minas Gerais - Cemig'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 Energetica DE Minas Gerais - Cemig EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cia Energetica DE Minas Gerais - Cemig's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cia Energetica DE Minas Gerais - Cemig's EV-to-EBIT falls into.


FRA:CIDA
66GF Score
Cia Energetica DE Minas Gerais - Cemig FRA:CIDA
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Cia Energetica DE Minas Gerais - Cemig 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 €1,166 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 €1,166 Mil mean?
Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA) has a EBIT of €1,166 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Cia Energetica DE Minas Gerais - Cemig.
Is Cia Energetica DE Minas Gerais - Cemig's EBIT too high?
Cia Energetica DE Minas Gerais - Cemig's current EBIT is €1,166 Mil. Overall, Cia Energetica DE Minas Gerais - Cemig has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cia Energetica DE Minas Gerais - Cemig's EBIT compare to NEE and SO?
Cia Energetica DE Minas Gerais - Cemig's EBIT of €1,166 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 Energetica DE Minas Gerais - Cemig. Cia Energetica DE Minas Gerais - Cemig's current EBIT is €1,166 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cia Energetica DE Minas Gerais - Cemig stock overvalued right now?
Based on GuruFocus' analysis, Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA) is currently considered Significantly Undervalued. The stock's GF Value™ is €421.05, compared to a current price of €1.78 — trading 99.6% below its estimated fair value. The current EBIT is €1,166 Mil. Cia Energetica DE Minas Gerais - Cemig's overall GF Score™ is 66/100 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 Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA), the current EBIT is €1,166 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 Energetica DE Minas Gerais - Cemig (FRA:CIDA) Overvalued in 2026?

Based on GuruFocus' analysis, Cia Energetica DE Minas Gerais - Cemig stock appears to be undervalued. The current stock price of €1.78 is trading 99.6% below its estimated GF Value™ of €421.05. GuruFocus considers Cia Energetica DE Minas Gerais - Cemig to be Significantly Undervalued.

Key valuation signals for FRA:CIDA:

  • EBIT: €1,166 Mil
  • GF Value™: €421.05 vs. price of €1.78 (99.6% below fair value)
  • GF Score™: 66/100 with 3 warning signs

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

Cia Energetica DE Minas Gerais - Cemig Business Description

Address Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131
Cia Energetica DE Minas Gerais - Cemig is a Brazilian energy company engaged in the generation, transmission, distribution, and commercialization of electricity, as well as natural gas distribution. The company operates through six segments: Generation, Transmission, Trading, Distribution, Gas, and Investees. Its activities include power generation mainly from hydroelectric sources, operation and maintenance of transmission and distribution infrastructure, electricity sales to captive and free-market customers, and gas distribution in Minas Gerais. The company derives a majority of its revenue from the Distribution segment, which comprises the distribution and sale of electricity to captive customers, and the operation and maintenance of infrastructure and related services.
66GF Score

Get the complete analysis for FRA:CIDA

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

€1.78
Price
€421.05
GF Value