ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Companhia Energetica de Brasilia - CEB's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 9.17%.
As of today (2026-06-28), Companhia Energetica de Brasilia - CEB's WACC % is 8.33%. Companhia Energetica de Brasilia - CEB's ROC % is 10.54% (calculated using TTM income statement data).
Companhia Energetica de Brasilia - CEB generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Companhia Energetica de Brasilia - CEB (BSP:CEBR6) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Companhia Energetica de Brasilia - CEB's WACC % is 8.33%. Companhia Energetica de Brasilia - CEB's ROC % is 10.54% (calculated using TTM income statement data).
Companhia Energetica de Brasilia - CEB generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Companhia Energetica de Brasilia - CEB ROC % Related Terms
Companhia Energetica de Brasilia - CEB ROC % 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.
Companhia Energetica de Brasilia - CEB ROC % Chart
Companhia Energetica de Brasilia - CEB Annual Data
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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.
Companhia Energetica de Brasilia - CEB (BSP:CEBR6) has a ROC % of 9.17% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Companhia Energetica de Brasilia - CEB and its competitors.
Is Companhia Energetica de Brasilia - CEB's ROC % too high?
Companhia Energetica de Brasilia - CEB's current ROC % is 9.17%. The Utilities - Regulated industry median ROC % is 4.18. Companhia Energetica de Brasilia - CEB's value of 9.17% is 119.4% above this industry median. Overall, Companhia Energetica de Brasilia - CEB has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Companhia Energetica de Brasilia - CEB's ROC % compare to NEE and SO?
Companhia Energetica de Brasilia - CEB's ROC % of 9.17% can be compared against companies in the Utilities - Regulated industry. The industry median ROC % is 4.18. Companhia Energetica de Brasilia - CEB's value of 9.17% is 119.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for an Utilities - Regulated company?
The median ROC % among Utilities - Regulated companies is 4.18, based on 503 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Companhia Energetica de Brasilia - CEB's current ROC % of 9.17% is 119.4% 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 % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Companhia Energetica de Brasilia - CEB and its competitors. For the Utilities - Regulated industry, the median ROC % is 4.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Companhia Energetica de Brasilia - CEB's current ROC % is 9.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Companhia Energetica de Brasilia - CEB stock overvalued right now?
Based on GuruFocus' analysis, Companhia Energetica de Brasilia - CEB (BSP:CEBR6) is currently considered Fairly Valued. The stock's GF Value™ is R$29.34, compared to a current price of R$29.26 — trading 0.3% below its estimated fair value. The current ROC % is 9.17% and 119.4% above the Utilities - Regulated industry median of 4.18. Companhia Energetica de Brasilia - CEB's overall GF Score™ is 73/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Companhia Energetica de Brasilia - CEB (BSP:CEBR6), the current ROC % is 9.17% 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 Companhia Energetica de Brasilia - CEB (BSP:CEBR6) Overvalued in 2026?
Based on GuruFocus' analysis, Companhia Energetica de Brasilia - CEB stock appears to be undervalued.
The current stock price of R$29.26 is trading 0.3% below its estimated GF Value™ of R$29.34.
GuruFocus considers Companhia Energetica de Brasilia - CEB to be Fairly Valued.
Key valuation signals for BSP:CEBR6:
ROC %: 9.17%
GF Value™: R$29.34 vs. price of R$29.26 (0.3% below fair value)
Industry Position: 119.4% above the Utilities - Regulated median
No single metric tells the full story. See the BSP:CEBR6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Companhia Energetica de Brasilia - CEB Business Description
Companhia Energetica de Brasilia - CEB through its subsidiaries and holdings is engaged in generation, transmission, marketing and distribution of electricity as well as related services. It also constructs electric power stations and distribution network; and produces and distributes gas through pipelines.
73GF Score
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