Cia Energetica DE Minas Gerais - Cemig (BSP:CMIG4) Net Interest Margin (Bank Only) %

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:CMIG4 Cia Energetica DE Minas Gerais - Cemig BSP:CMIG4
68 GF Score
Price R$11.29
GF Value R$10.49
Valuation Fairly Valued
! 7 Warning Signs
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What is Cia Energetica DE Minas Gerais - Cemig Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % only applies to banks.

BSP:CMIG4
68GF Score
Cia Energetica DE Minas Gerais - Cemig BSP:CMIG4
Net Interest Margin (Bank Only) % is just one metric. See GF Score™, valuation, warning signs, and more.
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Is Cia Energetica DE Minas Gerais - Cemig (BSP:CMIG4) Overvalued in 2026?

Based on GuruFocus' analysis, Cia Energetica DE Minas Gerais - Cemig stock appears to be overvalued. The current stock price of R$11.29 is trading 7.6% above its estimated GF Value™ of R$10.49. GuruFocus considers Cia Energetica DE Minas Gerais - Cemig to be Fairly Valued.

Key valuation signals for BSP:CMIG4:

  • Net Interest Margin (Bank Only) %:
  • GF Value™: R$10.49 vs. price of R$11.29 (7.6% above fair value)
  • GF Score™: 68/100 with 7 warning signs

No single metric tells the full story. See the BSP:CMIG4 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
Companhia Energética de Minas Gerais (Cemig) is a Brazilian electric utility headquartered in Belo Horizonte, Minas Gerais. It operates across the electricity value chain, including generation, transmission, distribution, and trading, and also distributes natural gas through its subsidiary Gasmig. Its generation portfolio is predominantly hydroelectric, complemented by wind and solar projects. The distribution segment, serving millions of customers across Minas Gerais, accounts for the largest share of revenue, supplying captive residential, commercial, industrial, and rural consumers, while free-market customers are served through the trading arm. Cemig also holds stakes in transmission and generation ventures, including participation in Santo Antônio and Belo Monte. The company is controlled by the State of Minas Gerais and trades on the B3, with shares also listed on the New York Stock Exchange.
68GF Score

Get the complete analysis for BSP:CMIG4

Net Interest Margin (Bank Only) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$11.29
Price
R$10.49
GF Value