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EnevaBSP:ENEV3 -3.11%65 Return-on-Tangible-Equity is 1.81% as of Dec. 2025, which is 76% below its 10-year median of 7.70. GuruFocus rates BSP:ENEV3 with a GF Score™ of 65/100 and a GF Value™ of R$17.33 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 497 Utilities - Regulated companies, Eneva ranks worse than 54.73% 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. Eneva's annualized net income for the quarter that ended in Dec. 2025 was R$228 Mil. Eneva's average shareholder tangible equity for the quarter that ended in Dec. 2025 was R$12,568 Mil. Therefore, Eneva's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 1.81%.
The historical rank and industry rank for Eneva's Return-on-Tangible-Equity or its related term are showing as below:
BSP:ENEV3'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.57 Med: 7.7 Max: 19.89
Current: 9.76
During the past 13 years, Eneva's highest Return-on-Tangible-Equity was 19.89%. The lowest was -3.57%. And the median was 7.70%.
BSP:ENEV3's Return-on-Tangible-Equity is ranked worse than 54.73% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.92
vs BSP:ENEV3: 9.76
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.
Eneva Return-on-Tangible-Equity Related Terms
Eneva Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Eneva's Return-on-Tangible-Equity can be seen below:
* 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.
BSP:ENEV3 vs SRE, AES: Return-on-Tangible-Equity Comparison
For the Utilities - Diversified subindustry, Eneva'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.
Eneva Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Eneva's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Eneva'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 (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 1.81% mean?
Eneva (BSP:ENEV3) has a Return-on-Tangible-Equity of 1.81% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Eneva and its competitors. This is 76% below median its historical median of 7.70. According to the industry distribution chart, Eneva ranks #272 out of 497 companies in the Utilities - Regulated industry, placing it in the top 54.7%.
Is Eneva's Return-on-Tangible-Equity too high?
Eneva's current Return-on-Tangible-Equity of 1.81% is 76% below median its 10-year median of 7.70. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.92. Eneva's value of 1.81% is 83.4% below this industry median. Based on the distribution chart, Eneva ranks #272 out of 497 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Eneva has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eneva's Return-on-Tangible-Equity compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, Eneva ranks #272 out of 497 companies for Return-on-Tangible-Equity. This places Eneva in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.92. Eneva's value of 1.81% is 83.4% below this benchmark. While the company's 10-year median is 7.70 vs. the industry median of 10.92, Eneva has consistently been below 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. Eneva's current Return-on-Tangible-Equity of 1.81% is 83.4% below 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 Eneva 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. Eneva's current Return-on-Tangible-Equity is 1.81%, which is 76% below median its own 10-year median of 7.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eneva stock overvalued right now?
Based on GuruFocus' analysis, Eneva (BSP:ENEV3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$17.33, compared to a current price of R$24.90 — trading 43.7% above its estimated fair value. The current Return-on-Tangible-Equity is 1.81%, which is 76% below median its 10-year median of 7.70 and 83.4% below the Utilities - Regulated industry median of 10.92. Eneva's overall GF Score™ is 65/100 with 9 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 Eneva (BSP:ENEV3), the current Return-on-Tangible-Equity is 1.81% as of Dec. 2025. 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 Eneva (BSP:ENEV3) Overvalued in 2026?
Based on GuruFocus' analysis, Eneva stock appears to be overvalued.
The current stock price of R$24.90 is trading 43.7% above its estimated GF Value™ of R$17.33.
GuruFocus considers Eneva to be Significantly Overvalued.
Key valuation signals for BSP:ENEV3:
Return-on-Tangible-Equity: 1.81% (76% below median its 10-year median of 7.70)
GF Value™: R$17.33 vs. price of R$24.90 (43.7% above fair value)
Industry Position: 83.4% below the Utilities - Regulated median (#272 of 497)
No single metric tells the full story. See the BSP:ENEV3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eneva SA is a Brazilian energy utilities company involved in the generation and distribution of electricity, with complementary businesses in natural gas exploration and production. The company generates electricity through various resources, including coal, natural gas, thermoelectric plants, and renewable energy sources, such as solar energy. Furthermore, the company mines coal in Columbia, operates thermoelectric plants in Chile and Brazil, and extracts natural gas from Brazil. The firm primarily operates through its Power Generation, Energy Trading, Natural Resources, and Corporate segments.
65GF Score
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