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.
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.
MEX:CIGN'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.53 Med: 4.16 Max: 6.16
Current: 4.97
During the past 13 years, Cia Energetica DE Minas Gerais - Cemig's highest Price to Tangible Book Ratio was 6.16. The lowest was 2.53. And the median was 4.16.
MEX:CIGN's Price-to-Tangible-Book is ranked worse than 90% of 450
companies
in the Utilities - Regulated industry
Industry Median: 1.695
vs MEX:CIGN: 4.97
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
Cia Energetica DE Minas Gerais - Cemig Price-to-Tangible-Book Historical Data
* 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 Price-to-Tangible-Book Chart
Cia Energetica DE Minas Gerais - Cemig Annual Data
MEX:CIGN vs NEE, SO, DUK: Price-to-Tangible-Book Comparison
For the Utilities - Regulated Electric 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 vs Utilities - Regulated Industry
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.
* 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.
It can also be calculated from the numbers for the whole company:
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.
Cia Energetica DE Minas Gerais - Cemig (MEX:CIGN) has a Price-to-Tangible-Book of 2.94 as of Sep. 02, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Cia Energetica DE Minas Gerais - Cemig and its competitors. According to the industry distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #405 out of 450 companies in the Utilities - Regulated industry, placing it in the top 90%.
Is Cia Energetica DE Minas Gerais - Cemig's Price-to-Tangible-Book too high?
Cia Energetica DE Minas Gerais - Cemig's current Price-to-Tangible-Book is 2.94. The Utilities - Regulated industry median Price-to-Tangible-Book is 1.70. Cia Energetica DE Minas Gerais - Cemig's value of 2.94 is 73.5% above this industry median. Based on the distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #405 out of 450 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Cia Energetica DE Minas Gerais - Cemig has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Cia Energetica DE Minas Gerais - Cemig's Price-to-Tangible-Book compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #405 out of 450 companies for Price-to-Tangible-Book. This places Cia Energetica DE Minas Gerais - Cemig in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.70. Cia Energetica DE Minas Gerais - Cemig's value of 2.94 is 73.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for an Utilities - Regulated company?
The median Price-to-Tangible-Book among Utilities - Regulated companies is 1.70, based on 450 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cia Energetica DE Minas Gerais - Cemig's current Price-to-Tangible-Book of 2.94 is 73.5% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Cia Energetica DE Minas Gerais - Cemig and its competitors. For the Utilities - Regulated industry, the median Price-to-Tangible-Book is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cia Energetica DE Minas Gerais - Cemig's current Price-to-Tangible-Book is 2.94. 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?
Cia Energetica DE Minas Gerais - Cemig (MEX:CIGN) has a current Price-to-Tangible-Book of 2.94. The stock's GF Value™ is MXN29.96, compared to a current price of MXN33.00 — trading 10.1% above its estimated fair value. The current Price-to-Tangible-Book is 2.94 and 73.5% above the Utilities - Regulated industry median of 1.70. Cia Energetica DE Minas Gerais - Cemig's overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Cia Energetica DE Minas Gerais - Cemig (MEX:CIGN), the current Price-to-Tangible-Book is 2.94 as of Sep. 02, 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 (MEX:CIGN) Overvalued in 2026?
Based on GuruFocus' analysis, Cia Energetica DE Minas Gerais - Cemig stock appears to be overvalued.
The current stock price of MXN33.00 is trading 10.1% above its estimated GF Value™ of MXN29.96.
Key valuation signals for MEX:CIGN:
Price-to-Tangible-Book: 2.94
GF Value™: MXN29.96 vs. price of MXN33.00 (10.1% above fair value)
Industry Position: 73.5% above the Utilities - Regulated median (#405 of 450)
No single metric tells the full story. See the MEX:CIGN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
70GF Score
Get the complete analysis for MEX:CIGN
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:CIGN has been successfully added to your 
