CIA de Gas deo Paulo - COMGASBSP:CGAS3 63 ROC (Joel Greenblatt) % is 892.72% as of Mar. 2026, which is 57% below its 10-year median of 2,067.75. 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 505 Utilities - Regulated companies, CIA de Gas deo Paulo - COMGAS ranks better than 98.22% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. CIA de Gas deo Paulo - COMGAS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 892.72%.
The historical rank and industry rank for CIA de Gas deo Paulo - COMGAS's ROC (Joel Greenblatt) % or its related term are showing as below:
BSP:CGAS3'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 676.16 Med: 2067.75 Max: 13603.65
Current: 1197.44
During the past 13 years, CIA de Gas deo Paulo - COMGAS's highest ROC (Joel Greenblatt) % was 13603.65%. The lowest was 676.16%. And the median was 2067.75%.
BSP:CGAS3's ROC (Joel Greenblatt) % is ranked better than 98.22% of 505
companies
in the Utilities - Regulated industry
Industry Median: 10.78
vs BSP:CGAS3: 1197.44
CIA de Gas deo Paulo - COMGAS (BSP:CGAS3) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
* 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 ROC (Joel Greenblatt) % Chart
BSP:CGAS3 vs ATO, NI, UGI: ROC (Joel Greenblatt) % Comparison
For the Utilities - Regulated Gas subindustry, CIA de Gas deo Paulo - COMGAS's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CIA de Gas deo Paulo - COMGAS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CIA de Gas deo Paulo - COMGAS's ROC (Joel Greenblatt) % falls into.
CIA de Gas deo Paulo - COMGAS ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.
What does a ROC (Joel Greenblatt) % of 892.72% mean?
CIA de Gas deo Paulo - COMGAS (BSP:CGAS3) has a ROC (Joel Greenblatt) % of 892.72% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on CIA de Gas deo Paulo - COMGAS and its competitors. This is 57% below median its historical median of 2,067.75. Over the past decade, CIA de Gas deo Paulo - COMGAS's ROC (Joel Greenblatt) % has ranged from 676.16 to 13,603.65. According to the industry distribution chart, CIA de Gas deo Paulo - COMGAS ranks #9 out of 505 companies in the Utilities - Regulated industry, placing it in the top 1.8%.
Is CIA de Gas deo Paulo - COMGAS's ROC (Joel Greenblatt) % too high?
CIA de Gas deo Paulo - COMGAS's current ROC (Joel Greenblatt) % of 892.72% is 57% below median its 10-year median of 2,067.75. Over the past 10 years, this metric has ranged from a low of 676.16 to a high of 13,603.65. The Utilities - Regulated industry median ROC (Joel Greenblatt) % is 10.78. CIA de Gas deo Paulo - COMGAS's value of 892.72% is 8181.3% above this industry median. Based on the distribution chart, CIA de Gas deo Paulo - COMGAS ranks #9 out of 505 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 ROC (Joel Greenblatt) % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, CIA de Gas deo Paulo - COMGAS ranks #9 out of 505 companies for ROC (Joel Greenblatt) %. This places CIA de Gas deo Paulo - COMGAS in the top 2% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.78. CIA de Gas deo Paulo - COMGAS's value of 892.72% is 8181.3% above this benchmark. Historically, CIA de Gas deo Paulo - COMGAS's own ROC (Joel Greenblatt) % has ranged from 676.16 to 13,603.65 over the past decade. While the company's 10-year median is 2,067.75 vs. the industry median of 10.78, CIA de Gas deo Paulo - COMGAS 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 ROC (Joel Greenblatt) % for an Utilities - Regulated company?
The median ROC (Joel Greenblatt) % among Utilities - Regulated companies is 10.78, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CIA de Gas deo Paulo - COMGAS's current ROC (Joel Greenblatt) % of 892.72% is 8181.3% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on CIA de Gas deo Paulo - COMGAS and its competitors. For the Utilities - Regulated industry, the median ROC (Joel Greenblatt) % is 10.78 — 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 ROC (Joel Greenblatt) % is 892.72%, which is 57% below median its own 10-year median of 2,067.75. 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 ROC (Joel Greenblatt) % is 892.72%, which is 57% below median its 10-year median of 2,067.75 and 8181.3% above the Utilities - Regulated industry median of 10.78. 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 ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For CIA de Gas deo Paulo - COMGAS (BSP:CGAS3), the current ROC (Joel Greenblatt) % is 892.72% 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.
Key valuation signals for BSP:CGAS3:
ROC (Joel Greenblatt) %: 892.72% (57% below median its 10-year median of 2,067.75)
GF Value™: R$82.77 vs. price of R$125.10 (51.1% above fair value)
Industry Position: 8181.3% above the Utilities - Regulated median (#9 of 505)
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
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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