Compass Gas E EnergiaBSP:PASS3 +3.32%24 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates BSP:PASS3 with a GF Score™ of 24/100. The stock has 5 warning signs investors should review. Among 497 Utilities - Regulated companies, Compass Gas E Energia 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. Compass Gas E Energia's annualized net income for the quarter that ended in Mar. 2026 was R$1,383 Mil. Compass Gas E Energia's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R$-11,791 Mil. Therefore, Compass Gas E Energia'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 Compass Gas E Energia's Return-on-Tangible-Equity or its related term are showing as below:
BSP:PASS3'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -8 Med: -8 Max: -8
Current: Negative Tangible Equity
During the past 9 years, Compass Gas E Energia's highest Return-on-Tangible-Equity was -8.00%. The lowest was -8.00%. And the median was -8.00%.
BSP:PASS3'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:PASS3: Negative Tangible Equity
Compass Gas E Energia (BSP:PASS3) 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.
Compass Gas E Energia Return-on-Tangible-Equity Related Terms
Compass Gas E Energia Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Compass Gas E Energia'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.
Compass Gas E Energia Return-on-Tangible-Equity Chart
BSP:PASS3 vs ATO, NI, UGI: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Gas subindustry, Compass Gas E Energia'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.
Compass Gas E Energia Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Compass Gas E Energia's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Compass Gas E Energia'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?
Compass Gas E Energia (BSP:PASS3) 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 Compass Gas E Energia and its competitors. According to the industry distribution chart, Compass Gas E Energia ranks #1 out of 497 companies in the Utilities - Regulated industry, placing it in the top 0.2%.
Is Compass Gas E Energia's Return-on-Tangible-Equity too high?
Compass Gas E Energia's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Compass Gas E Energia ranks #1 out of 497 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Compass Gas E Energia has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Compass Gas E Energia's Return-on-Tangible-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Compass Gas E Energia ranks #1 out of 497 companies for Return-on-Tangible-Equity. This places Compass Gas E Energia 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 Compass Gas E Energia 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. Compass Gas E Energia'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 Compass Gas E Energia stock overvalued right now?
Compass Gas E Energia (BSP:PASS3) has a current Return-on-Tangible-Equity of Negative Tangible Equity%. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Compass Gas E Energia's overall GF Score™ is 24/100 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 Compass Gas E Energia (BSP:PASS3), 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.
Compass Gas E Energia SA is focused on natural gas distribution, through Comgas; infrastructure and origination of gas, having access to the competitive supply of pre-salt gas and importing liquefied natural gas (LNG); gas trading, optimizing supply and demand portfolio, building diversification, flexibility, and competitiveness; and gas-powered thermal generation and energy trading, transforming gas into electricity. It operates in two segments: Gas distribution and Marketing & services. The majority of revenue is generated from the Gas distribution segment. The majority of revenue comes from the Sales of gas distribution and energy commercialization.
24GF Score
Get the complete analysis for BSP:PASS3
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:PASS3 has been successfully added to your 
