CIA de Gas deo Paulo - COMGASBSP:CGAS3 63 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates BSP:CGAS3 with a GF Score™ of 63/100 and a GF Value™ of R$82.77 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 497 Utilities - Regulated companies, CIA de Gas deo Paulo - COMGAS ranks better than 99.8% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. CIA de Gas deo Paulo - COMGAS's annualized net income for the quarter that ended in Mar. 2026 was R$1,117 Mil. CIA de Gas deo Paulo - COMGAS's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R$-6,909 Mil. Therefore, CIA de Gas deo Paulo - COMGAS's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for CIA de Gas deo Paulo - COMGAS's Return-on-Tangible-Equity or its related term are showing as below:
BSP:CGAS3'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: Negative Tangible Equity
BSP:CGAS3's Return-on-Tangible-Equity is ranked better than 99.8% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.9
vs BSP:CGAS3: Negative Tangible Equity
CIA de Gas deo Paulo - COMGAS (BSP:CGAS3) 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.
CIA de Gas deo Paulo - COMGAS Return-on-Tangible-Equity Related Terms
CIA de Gas deo Paulo - COMGAS 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.
CIA de Gas deo Paulo - COMGAS Return-on-Tangible-Equity Chart
BSP:CGAS3 vs ATO, NI, UGI: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Gas subindustry, CIA de Gas deo Paulo - COMGAS'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.
CIA de Gas deo Paulo - COMGAS Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CIA de Gas deo Paulo - COMGAS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where CIA de Gas deo Paulo - COMGAS'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 Negative Tangible Equity% mean?
CIA de Gas deo Paulo - COMGAS (BSP:CGAS3) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 CIA de Gas deo Paulo - COMGAS and its competitors. According to the industry distribution chart, CIA de Gas deo Paulo - COMGAS ranks #1 out of 497 companies in the Utilities - Regulated industry, placing it in the top 0.2%.
Is CIA de Gas deo Paulo - COMGAS's Return-on-Tangible-Equity too high?
CIA de Gas deo Paulo - COMGAS's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, CIA de Gas deo Paulo - COMGAS ranks #1 out of 497 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 63/100 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-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, CIA de Gas deo Paulo - COMGAS ranks #1 out of 497 companies for Return-on-Tangible-Equity. This places CIA de Gas deo Paulo - COMGAS in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.90. 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 10.90, 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. 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 CIA de Gas deo Paulo - COMGAS and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.90 — 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-Equity is Negative Tangible Equity%. 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$82.77, compared to a current price of R$125.10 — trading 51.1% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. CIA de Gas deo Paulo - COMGAS's overall GF Score™ is 63/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For CIA de Gas deo Paulo - COMGAS (BSP:CGAS3), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 51.1% above its estimated GF Value™ of R$82.77.
GuruFocus considers CIA de Gas deo Paulo - COMGAS to be Significantly Overvalued.
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.
63GF Score
Get the complete analysis for BSP:CGAS3
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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