FRA:CIDS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 13.86 Med: 58.2 Max: 75.85
Current: 45.33
During the past 13 years, Cia Energetica DE Minas Gerais - Cemig's highest Return-on-Tangible-Equity was 75.85%. The lowest was 13.86%. And the median was 58.20%.
FRA:CIDS's Return-on-Tangible-Equity is ranked better than 87.9% of 496
companies
in the Utilities - Regulated industry
Industry Median: 10.91
vs FRA:CIDS: 45.33
Cia Energetica DE Minas Gerais - Cemig (FRA:CIDS) 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 DE Minas Gerais - Cemig Return-on-Tangible-Equity Related Terms
Cia Energetica DE Minas Gerais - Cemig 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 DE Minas Gerais - Cemig Return-on-Tangible-Equity Chart
Cia Energetica DE Minas Gerais - Cemig Annual Data
FRA:CIDS vs NEE, SO, DUK: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, Cia Energetica DE Minas Gerais - Cemig'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 DE Minas Gerais - Cemig Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Cia Energetica DE Minas Gerais - Cemig's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Cia Energetica DE Minas Gerais - Cemig'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 41.26% mean?
Cia Energetica DE Minas Gerais - Cemig (FRA:CIDS) has a Return-on-Tangible-Equity of 41.26% 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 DE Minas Gerais - Cemig and its competitors. This is 29% below median its historical median of 58.20. Over the past decade, Cia Energetica DE Minas Gerais - Cemig's Return-on-Tangible-Equity has ranged from 13.86 to 75.85. According to the industry distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #60 out of 496 companies in the Utilities - Regulated industry, placing it in the top 12.1%.
Is Cia Energetica DE Minas Gerais - Cemig's Return-on-Tangible-Equity too high?
Cia Energetica DE Minas Gerais - Cemig's current Return-on-Tangible-Equity of 41.26% is 29% below median its 10-year median of 58.20. Over the past 10 years, this metric has ranged from a low of 13.86 to a high of 75.85. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.91. Cia Energetica DE Minas Gerais - Cemig's value of 41.26% is 278.2% above this industry median. Based on the distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #60 out of 496 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Cia Energetica DE Minas Gerais - Cemig has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Cia Energetica DE Minas Gerais - Cemig's Return-on-Tangible-Equity compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #60 out of 496 companies for Return-on-Tangible-Equity. This places Cia Energetica DE Minas Gerais - Cemig in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.91. Cia Energetica DE Minas Gerais - Cemig's value of 41.26% is 278.2% above this benchmark. Historically, Cia Energetica DE Minas Gerais - Cemig's own Return-on-Tangible-Equity has ranged from 13.86 to 75.85 over the past decade. While the company's 10-year median is 58.20 vs. the industry median of 10.91, Cia Energetica DE Minas Gerais - Cemig 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 10.91, based on 496 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. Cia Energetica DE Minas Gerais - Cemig's current Return-on-Tangible-Equity of 41.26% is 278.2% 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 Cia Energetica DE Minas Gerais - Cemig and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cia Energetica DE Minas Gerais - Cemig's current Return-on-Tangible-Equity is 41.26%, which is 29% below median its own 10-year median of 58.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cia Energetica DE Minas Gerais - Cemig stock overvalued right now?
Cia Energetica DE Minas Gerais - Cemig (FRA:CIDS) has a current Return-on-Tangible-Equity of 41.26%. The stock's GF Value™ is €571.40, compared to a current price of €2.46 — trading 99.6% below its estimated fair value. The current Return-on-Tangible-Equity is 41.26%, which is 29% below median its 10-year median of 58.20 and 278.2% above the Utilities - Regulated industry median of 10.91. Cia Energetica DE Minas Gerais - Cemig's overall GF Score™ is 65/100 with 4 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 DE Minas Gerais - Cemig (FRA:CIDS), the current Return-on-Tangible-Equity is 41.26% 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 DE Minas Gerais - Cemig (FRA:CIDS) Overvalued in 2026?
Based on GuruFocus' analysis, Cia Energetica DE Minas Gerais - Cemig stock appears to be undervalued.
The current stock price of €2.46 is trading 99.6% below its estimated GF Value™ of €571.40.
Key valuation signals for FRA:CIDS:
Return-on-Tangible-Equity: 41.26% (29% below median its 10-year median of 58.20)
GF Value™: €571.40 vs. price of €2.46 (99.6% below fair value)
Industry Position: 278.2% above the Utilities - Regulated median (#60 of 496)
No single metric tells the full story. See the FRA:CIDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cia Energetica DE Minas Gerais - Cemig Business Description
Cia Energetica DE Minas Gerais - Cemig is a Brazilian energy company engaged in the generation, transmission, distribution, and commercialization of electricity, as well as natural gas distribution. The company operates through six segments: Generation, Transmission, Trading, Distribution, Gas, and Investees. Its activities include power generation mainly from hydroelectric sources, operation and maintenance of transmission and distribution infrastructure, electricity sales to captive and free-market customers, and gas distribution in Minas Gerais. The company derives a majority of its revenue from the Distribution segment, which comprises the distribution and sale of electricity to captive customers, and the operation and maintenance of infrastructure and related services.
65GF Score
Get the complete analysis for FRA:CIDS
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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