Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Price-to-Tangible-Book

: 3.41 (As of Today)

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As of today (2024-04-19), Cia Energetica DE Minas Gerais - Cemig's share price is $3.00. Cia Energetica DE Minas Gerais - Cemig's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was $0.88. Hence, Cia Energetica DE Minas Gerais - Cemig's Price to Tangible Book Ratio of today is 3.41.

The historical rank and industry rank for Cia Energetica DE Minas Gerais - Cemig's Price-to-Tangible-Book or its related term are showing as below:

CIG.C' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.77 Med: 3.94 Max: 6.16
Current: 3.66

During the past 13 years, Cia Energetica DE Minas Gerais - Cemig's highest Price to Tangible Book Ratio was 6.16. The lowest was 0.77. And the median was 3.94.

CIG.C's Price-to-Tangible-Book is ranked worse than
78.39% of 472 companies
in the Utilities - Regulated industry
Industry Median: 1.77 vs CIG.C: 3.66

A closely related ratio is called PB Ratio. As of today, Cia Energetica DE Minas Gerais - Cemig's share price is $3.00. Cia Energetica DE Minas Gerais - Cemig's Book Value per Sharefor the quarter that ended in Sep. 2023 was $2.25. Hence, Cia Energetica DE Minas Gerais - Cemig's P/B Ratio of today is 1.33.

Cia Energetica DE Minas Gerais - Cemig Price-to-Tangible-Book Historical Data

The historical data trend for Cia Energetica DE Minas Gerais - Cemig's Price-to-Tangible-Book 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.

* Premium members only.

Cia Energetica DE Minas Gerais - Cemig Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

5.87

5.53

4.47

5.19

4.90

Cia Energetica DE Minas Gerais - Cemig Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Price-to-Tangible-Book																4.92	4.90	4.82	4.71	4.49

Competitive Comparison

For the Utilities - Diversified subindustry, Cia Energetica DE Minas Gerais - Cemig's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution

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

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

Cia Energetica DE Minas Gerais - Cemig Price-to-Tangible-Book Calculation

Cia Energetica DE Minas Gerais - Cemig's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	3.00	/	0.88
	=	3.41

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Cia Energetica DE Minas Gerais - Cemig Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Cia Energetica DE Minas Gerais - Cemig's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG.C) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

CIG:USA CIGN:Mexico XCMIG:Spain CIDS:Germany CIDA:Germany CID:Germany CIDA:Germany CID:Germany CMIG4:Brazil CMIG3:Brazil

Address

Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131

Website

https://www.cemig.com.br

Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.