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CIA de Gas deo Paulo - COMGASBSP:CGAS3 65 Return-on-Tangible-Asset is 15.45% as of Mar. 2026, which is 38% below its 10-year median of 24.96. GuruFocus rates BSP:CGAS3 with a GF Score™ of 65/100 and a GF Value™ of R$82.35 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 511 Utilities - Regulated companies, CIA de Gas deo Paulo - COMGAS ranks better than 97.85% on this metric.
The historical rank and industry rank for CIA de Gas deo Paulo - COMGAS's Return-on-Tangible-Asset or its related term are showing as below:
BSP:CGAS3'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 15.81 Med: 24.96 Max: 36.29
Current: 22.93
During the past 13 years, CIA de Gas deo Paulo - COMGAS's highest Return-on-Tangible-Asset was 36.29%. The lowest was 15.81%. And the median was 24.96%.
BSP:CGAS3's Return-on-Tangible-Asset is ranked better than 97.85% of 511
companies
in the Utilities - Regulated industry
Industry Median: 3.31
vs BSP:CGAS3: 22.93
CIA de Gas deo Paulo - COMGAS (BSP:CGAS3) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
CIA de Gas deo Paulo - COMGAS Return-on-Tangible-Asset Related Terms
CIA de Gas deo Paulo - COMGAS Return-on-Tangible-Asset 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 de Gas deo Paulo - COMGAS Return-on-Tangible-Asset Chart
BSP:CGAS3 vs ATO, NI, UGI: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Gas subindustry, CIA de Gas deo Paulo - COMGAS's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 de Gas deo Paulo - COMGAS Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CIA de Gas deo Paulo - COMGAS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CIA de Gas deo Paulo - COMGAS's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 15.45% mean?
CIA de Gas deo Paulo - COMGAS (BSP:CGAS3) has a Return-on-Tangible-Asset of 15.45% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on CIA de Gas deo Paulo - COMGAS and its competitors. This is 38% below median its historical median of 24.96. Over the past decade, CIA de Gas deo Paulo - COMGAS's Return-on-Tangible-Asset has ranged from 15.81 to 36.29. According to the industry distribution chart, CIA de Gas deo Paulo - COMGAS ranks #11 out of 511 companies in the Utilities - Regulated industry, placing it in the top 2.2%.
Is CIA de Gas deo Paulo - COMGAS's Return-on-Tangible-Asset too high?
CIA de Gas deo Paulo - COMGAS's current Return-on-Tangible-Asset of 15.45% is 38% below median its 10-year median of 24.96. Over the past 10 years, this metric has ranged from a low of 15.81 to a high of 36.29. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.31. CIA de Gas deo Paulo - COMGAS's value of 15.45% is 366.8% above this industry median. Based on the distribution chart, CIA de Gas deo Paulo - COMGAS ranks #11 out of 511 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, CIA de Gas deo Paulo - COMGAS has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CIA de Gas deo Paulo - COMGAS's Return-on-Tangible-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, CIA de Gas deo Paulo - COMGAS ranks #11 out of 511 companies for Return-on-Tangible-Asset. This places CIA de Gas deo Paulo - COMGAS in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.31. CIA de Gas deo Paulo - COMGAS's value of 15.45% is 366.8% above this benchmark. Historically, CIA de Gas deo Paulo - COMGAS's own Return-on-Tangible-Asset has ranged from 15.81 to 36.29 over the past decade. While the company's 10-year median is 24.96 vs. the industry median of 3.31, CIA de Gas deo Paulo - COMGAS 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 Return-on-Tangible-Asset for an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.31, based on 511 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CIA de Gas deo Paulo - COMGAS's current Return-on-Tangible-Asset of 15.45% is 366.8% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on CIA de Gas deo Paulo - COMGAS and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CIA de Gas deo Paulo - COMGAS's current Return-on-Tangible-Asset is 15.45%, which is 38% below median its own 10-year median of 24.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CIA de Gas deo Paulo - COMGAS stock overvalued right now?
Based on GuruFocus' analysis, CIA de Gas deo Paulo - COMGAS (BSP:CGAS3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$82.35, compared to a current price of R$125.10 — trading 51.9% above its estimated fair value. The current Return-on-Tangible-Asset is 15.45%, which is 38% below median its 10-year median of 24.96 and 366.8% above the Utilities - Regulated industry median of 3.31. CIA de Gas deo Paulo - COMGAS's overall GF Score™ is 65/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For CIA de Gas deo Paulo - COMGAS (BSP:CGAS3), the current Return-on-Tangible-Asset is 15.45% 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 de Gas deo Paulo - COMGAS (BSP:CGAS3) Overvalued in 2026?
Based on GuruFocus' analysis, CIA de Gas deo Paulo - COMGAS stock appears to be overvalued.
The current stock price of R$125.10 is trading 51.9% above its estimated GF Value™ of R$82.35.
GuruFocus considers CIA de Gas deo Paulo - COMGAS to be Significantly Overvalued.
Key valuation signals for BSP:CGAS3:
Return-on-Tangible-Asset: 15.45% (38% below median its 10-year median of 24.96)
GF Value™: R$82.35 vs. price of R$125.10 (51.9% above fair value)
Industry Position: 366.8% above the Utilities - Regulated median (#11 of 511)
No single metric tells the full story. See the BSP:CGAS3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CIA de Gas deo Paulo - COMGAS Business Description
CIA de Gas de Sao Paulo - COMGAS distributes piped natural gas in part of the State of Sao Paulo for consumers in the industrial, residential, commercial, automotive, thermal generation and cogeneration sectors.
65GF Score
Get the complete analysis for BSP:CGAS3
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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