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.
Companhia Energetica de Brasilia - CEBBSP:CEBR3 74 Return-on-Tangible-Equity is 14.96% as of Mar. 2026, which is 34% below its 10-year median of 22.54. GuruFocus rates BSP:CEBR3 with a GF Score™ of 74/100 and a GF Value™ of R$27.26 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 497 Utilities - Regulated companies, Companhia Energetica de Brasilia - CEB ranks better than 71.83% on this metric.
BSP:CEBR3'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 18.34 Med: 22.54 Max: 183.3
Current: 18.34
During the past 13 years, Companhia Energetica de Brasilia - CEB's highest Return-on-Tangible-Equity was 183.30%. The lowest was 18.34%. And the median was 22.54%.
BSP:CEBR3's Return-on-Tangible-Equity is ranked better than 71.83% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.92
vs BSP:CEBR3: 18.34
Companhia Energetica de Brasilia - CEB (BSP:CEBR3) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Companhia Energetica de Brasilia - CEB Return-on-Tangible-Equity Related Terms
Companhia Energetica de Brasilia - CEB Return-on-Tangible-Equity 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.
Companhia Energetica de Brasilia - CEB Return-on-Tangible-Equity Chart
Companhia Energetica de Brasilia - CEB Annual Data
BSP:CEBR3 vs NEE, SO, DUK: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, Companhia Energetica de Brasilia - CEB's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Companhia Energetica de Brasilia - CEB Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Companhia Energetica de Brasilia - CEB's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Companhia Energetica de Brasilia - CEB's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 14.96% mean?
Companhia Energetica de Brasilia - CEB (BSP:CEBR3) has a Return-on-Tangible-Equity of 14.96% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Companhia Energetica de Brasilia - CEB and its competitors. This is 34% below median its historical median of 22.54. Over the past decade, Companhia Energetica de Brasilia - CEB's Return-on-Tangible-Equity has ranged from 18.34 to 183.30. According to the industry distribution chart, Companhia Energetica de Brasilia - CEB ranks #140 out of 497 companies in the Utilities - Regulated industry, placing it in the top 28.2%.
Is Companhia Energetica de Brasilia - CEB's Return-on-Tangible-Equity too high?
Companhia Energetica de Brasilia - CEB's current Return-on-Tangible-Equity of 14.96% is 34% below median its 10-year median of 22.54. Over the past 10 years, this metric has ranged from a low of 18.34 to a high of 183.30. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.92. Companhia Energetica de Brasilia - CEB's value of 14.96% is 37% above this industry median. Based on the distribution chart, Companhia Energetica de Brasilia - CEB ranks #140 out of 497 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Companhia Energetica de Brasilia - CEB has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Companhia Energetica de Brasilia - CEB's Return-on-Tangible-Equity compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Companhia Energetica de Brasilia - CEB ranks #140 out of 497 companies for Return-on-Tangible-Equity. This puts Companhia Energetica de Brasilia - CEB in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.92. Companhia Energetica de Brasilia - CEB's value of 14.96% is 37% above this benchmark. Historically, Companhia Energetica de Brasilia - CEB's own Return-on-Tangible-Equity has ranged from 18.34 to 183.30 over the past decade. While the company's 10-year median is 22.54 vs. the industry median of 10.92, Companhia Energetica de Brasilia - CEB 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-Equity for an Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.92, based on 497 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Companhia Energetica de Brasilia - CEB's current Return-on-Tangible-Equity of 14.96% is 37% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Companhia Energetica de Brasilia - CEB and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Companhia Energetica de Brasilia - CEB's current Return-on-Tangible-Equity is 14.96%, which is 34% below median its own 10-year median of 22.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Companhia Energetica de Brasilia - CEB stock overvalued right now?
Based on GuruFocus' analysis, Companhia Energetica de Brasilia - CEB (BSP:CEBR3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$27.26, compared to a current price of R$24.36 — trading 10.6% below its estimated fair value. The current Return-on-Tangible-Equity is 14.96%, which is 34% below median its 10-year median of 22.54 and 37% above the Utilities - Regulated industry median of 10.92. Companhia Energetica de Brasilia - CEB's overall GF Score™ is 74/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Companhia Energetica de Brasilia - CEB (BSP:CEBR3), the current Return-on-Tangible-Equity is 14.96% 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 Companhia Energetica de Brasilia - CEB (BSP:CEBR3) Overvalued in 2026?
Based on GuruFocus' analysis, Companhia Energetica de Brasilia - CEB stock appears to be undervalued.
The current stock price of R$24.36 is trading 10.6% below its estimated GF Value™ of R$27.26.
GuruFocus considers Companhia Energetica de Brasilia - CEB to be Modestly Undervalued.
Key valuation signals for BSP:CEBR3:
Return-on-Tangible-Equity: 14.96% (34% below median its 10-year median of 22.54)
GF Value™: R$27.26 vs. price of R$24.36 (10.6% below fair value)
Industry Position: 37% above the Utilities - Regulated median (#140 of 497)
No single metric tells the full story. See the BSP:CEBR3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Companhia Energetica de Brasilia - CEB Business Description
Companhia Energetica de Brasilia - CEB through its subsidiaries and holdings is engaged in generation, transmission, marketing and distribution of electricity as well as related services. It also constructs electric power stations and distribution network; and produces and distributes gas through pipelines.
74GF Score
Get the complete analysis for BSP:CEBR3
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:CEBR3 has been successfully added to your 
