Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Pretax Margin %: 21.59% (As of Mar. 2026) — 16% Above Median

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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
View Full Analysis

What is Compania deneamento de Minas Gerais - COPASA MG Pretax Margin %?

Compania deneamento de Minas Gerais - COPASA MG BSP:CSMG3 -1.07% 83 Pretax Margin % is 21.59% as of Mar. 2026, which is 16% above its 10-year median of 18.68. 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. Among 501 Utilities - Regulated companies, Compania deneamento de Minas Gerais - COPASA MG ranks better than 74.25% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Compania deneamento de Minas Gerais - COPASA MG's Pre-Tax Income for the three months ended in Mar. 2026 was R$460 Mil. Compania deneamento de Minas Gerais - COPASA MG's Revenue for the three months ended in Mar. 2026 was R$2,128 Mil. Therefore, Compania deneamento de Minas Gerais - COPASA MG's pretax margin for the quarter that ended in Mar. 2026 was 21.59%.

The historical rank and industry rank for Compania deneamento de Minas Gerais - COPASA MG's Pretax Margin % or its related term are showing as below:

BSP:CSMG3' s Pretax Margin % Range Over the Past 10 Years
Min: 11.1   Med: 18.68   Max: 24.12
Current: 19.48


BSP:CSMG3's Pretax Margin % is ranked better than
74.25% of 501 companies
in the Utilities - Regulated industry
Industry Median: 12.05 vs BSP:CSMG3: 19.48

Compania deneamento de Minas Gerais - COPASA MG  (BSP:CSMG3) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Compania deneamento de Minas Gerais - COPASA MG Pretax Margin % Related Terms


Compania deneamento de Minas Gerais - COPASA MG Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG's Pretax Margin % 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 Pretax Margin % Chart

Compania deneamento de Minas Gerais - COPASA MG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.10 16.93 24.12 21.24 21.00

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
Pretax Margin % 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 27.78 17.39 21.33 17.53 21.59

BSP:CSMG3 vs AWK, WTRG, AWR: Pretax Margin % Comparison

For the Utilities - Regulated Water subindustry, Compania deneamento de Minas Gerais - COPASA MG's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Utilities - Regulated Industry

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

* The bar in red indicates where Compania deneamento de Minas Gerais - COPASA MG's Pretax Margin % falls into.


BSP:CSMG3
83GF Score
Compania de Saneamento de Minas Gerais - COPASA MG BSP:CSMG3
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Compania deneamento de Minas Gerais - COPASA MG Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Compania deneamento de Minas Gerais - COPASA MG's Pretax Margin for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=1749.145/8330.19
=21.00 %

Compania deneamento de Minas Gerais - COPASA MG's Pretax Margin for the quarter that ended in Mar. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=459.523/2128.135
=21.59 %

* 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 Pretax Margin % →
What does a Pretax Margin % of 21.59% mean?
Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) has a Pretax Margin % of 21.59% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Compania deneamento de Minas Gerais - COPASA MG and its competitors. This is 16% above median its historical median of 18.68. Over the past decade, Compania deneamento de Minas Gerais - COPASA MG's Pretax Margin % has ranged from 11.10 to 24.12. According to the industry distribution chart, Compania deneamento de Minas Gerais - COPASA MG ranks #129 out of 501 companies in the Utilities - Regulated industry, placing it in the top 25.7%.
Is Compania deneamento de Minas Gerais - COPASA MG's Pretax Margin % too high?
Compania deneamento de Minas Gerais - COPASA MG's current Pretax Margin % of 21.59% is 16% above median its 10-year median of 18.68. Over the past 10 years, this metric has ranged from a low of 11.10 to a high of 24.12. The Utilities - Regulated industry median Pretax Margin % is 12.05. Compania deneamento de Minas Gerais - COPASA MG's value of 21.59% is 79.2% above this industry median. Based on the distribution chart, Compania deneamento de Minas Gerais - COPASA MG ranks #129 out of 501 companies in the Utilities - Regulated industry, which is above the industry midpoint. 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 Pretax Margin % compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Compania deneamento de Minas Gerais - COPASA MG ranks #129 out of 501 companies for Pretax Margin %. This puts Compania deneamento de Minas Gerais - COPASA MG in the upper half of its industry. The industry median Pretax Margin % is 12.05. Compania deneamento de Minas Gerais - COPASA MG's value of 21.59% is 79.2% above this benchmark. Historically, Compania deneamento de Minas Gerais - COPASA MG's own Pretax Margin % has ranged from 11.10 to 24.12 over the past decade. While the company's 10-year median is 18.68 vs. the industry median of 12.05, Compania deneamento de Minas Gerais - COPASA MG has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for an Utilities - Regulated company?
The median Pretax Margin % among Utilities - Regulated companies is 12.05, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Compania deneamento de Minas Gerais - COPASA MG's current Pretax Margin % of 21.59% is 79.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Compania deneamento de Minas Gerais - COPASA MG and its competitors. For the Utilities - Regulated industry, the median Pretax Margin % is 12.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Compania deneamento de Minas Gerais - COPASA MG's current Pretax Margin % is 21.59%, which is 16% above median its own 10-year median of 18.68. 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 Pretax Margin % is 21.59%, which is 16% above median its 10-year median of 18.68 and 79.2% above the Utilities - Regulated industry median of 12.05. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3), the current Pretax Margin % is 21.59% 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:

  • Pretax Margin %: 21.59% (16% above median its 10-year median of 18.68)
  • GF Value™: R$25.12 vs. price of R$63.16 (151.4% above fair value)
  • GF Score™: 83/100 with 9 warning signs
  • Industry Position: 79.2% above the Utilities - Regulated median (#129 of 501)

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

Pretax Margin % 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