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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 Energetica Do Ceara - COELCE's annualized net income for the quarter that ended in Mar. 2026 was R$581 Mil. CIA Energetica Do Ceara - COELCE's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R$-5,349 Mil. Therefore, CIA Energetica Do Ceara - COELCE'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 Energetica Do Ceara - COELCE's Return-on-Tangible-Equity or its related term are showing as below:
BSP:COCE5'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: Negative Tangible Equity
BSP:COCE5'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:COCE5: Negative Tangible Equity
CIA Energetica Do Ceara - COELCE (BSP:COCE5) 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 Energetica Do Ceara - COELCE Return-on-Tangible-Equity Related Terms
CIA Energetica Do Ceara - COELCE 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 Energetica Do Ceara - COELCE Return-on-Tangible-Equity Chart
BSP:COCE5 vs NEE, SO, DUK: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, CIA Energetica Do Ceara - COELCE'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 Energetica Do Ceara - COELCE Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CIA Energetica Do Ceara - COELCE's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where CIA Energetica Do Ceara - COELCE'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 Energetica Do Ceara - COELCE (BSP:COCE5) 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 Energetica Do Ceara - COELCE and its competitors. According to the industry distribution chart, CIA Energetica Do Ceara - COELCE ranks #1 out of 497 companies in the Utilities - Regulated industry, placing it in the top 0.2%.
Is CIA Energetica Do Ceara - COELCE's Return-on-Tangible-Equity too high?
CIA Energetica Do Ceara - COELCE's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, CIA Energetica Do Ceara - COELCE 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 Energetica Do Ceara - COELCE has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CIA Energetica Do Ceara - COELCE's Return-on-Tangible-Equity compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, CIA Energetica Do Ceara - COELCE ranks #1 out of 497 companies for Return-on-Tangible-Equity. This places CIA Energetica Do Ceara - COELCE 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 Energetica Do Ceara - COELCE 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 Energetica Do Ceara - COELCE'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 Energetica Do Ceara - COELCE stock overvalued right now?
Based on GuruFocus' analysis, CIA Energetica Do Ceara - COELCE (BSP:COCE5) is currently considered Fairly Valued. The stock's GF Value™ is R$29.36, compared to a current price of R$30.00 — trading 2.2% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. CIA Energetica Do Ceara - COELCE's overall GF Score™ is 63/100 with 5 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 Energetica Do Ceara - COELCE (BSP:COCE5), 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 Energetica Do Ceara - COELCE (BSP:COCE5) Overvalued in 2026?
Based on GuruFocus' analysis, CIA Energetica Do Ceara - COELCE stock appears to be overvalued.
The current stock price of R$30.00 is trading 2.2% above its estimated GF Value™ of R$29.36.
GuruFocus considers CIA Energetica Do Ceara - COELCE to be Fairly Valued.
No single metric tells the full story. See the BSP:COCE5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CIA Energetica Do Ceara - COELCE Business Description
CIA Energetica Do Ceara - COELCE is primarily engaged in the generation and sale of electricity business activities. It also involved in development, distribution, and marketing of electrical power. In addition, the company involved in the distribution of electrical power for industrial, rural, public and residential consumption. It derives most of its revenues from the sale of the electricity business activities and has operations spread across Brazil.
63GF Score
Get the complete analysis for BSP:COCE5
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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