ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. CIA Distrib de Gas do Rio de Janeiro - CEG's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 14.33%.
As of today (2026-06-24), CIA Distrib de Gas do Rio de Janeiro - CEG's WACC % is 2.33%. CIA Distrib de Gas do Rio de Janeiro - CEG's ROC % is 18.42% (calculated using TTM income statement data).
CIA Distrib de Gas do Rio de Janeiro - CEG 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.
CIA Distrib de Gas do Rio de Janeiro - CEG (BSP:CEGR3) 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, CIA Distrib de Gas do Rio de Janeiro - CEG's WACC % is 2.33%. CIA Distrib de Gas do Rio de Janeiro - CEG's ROC % is 18.42% (calculated using TTM income statement data).
CIA Distrib de Gas do Rio de Janeiro - CEG 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.
CIA Distrib de Gas do Rio de Janeiro - CEG ROC % Related Terms
CIA Distrib de Gas do Rio de Janeiro - CEG 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.
CIA Distrib de Gas do Rio de Janeiro - CEG ROC % Chart
CIA Distrib de Gas do Rio de Janeiro - CEG 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.
CIA Distrib de Gas do Rio de Janeiro - CEG (BSP:CEGR3) has a ROC % of 14.33% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on CIA Distrib de Gas do Rio de Janeiro - CEG and its competitors.
Is CIA Distrib de Gas do Rio de Janeiro - CEG's ROC % too high?
CIA Distrib de Gas do Rio de Janeiro - CEG's current ROC % is 14.33%. The Utilities - Regulated industry median ROC % is 4.18. CIA Distrib de Gas do Rio de Janeiro - CEG's value of 14.33% is 242.8% above this industry median. Overall, CIA Distrib de Gas do Rio de Janeiro - CEG has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CIA Distrib de Gas do Rio de Janeiro - CEG's ROC % compare to ATO and NI?
CIA Distrib de Gas do Rio de Janeiro - CEG's ROC % of 14.33% can be compared against companies in the Utilities - Regulated industry. The industry median ROC % is 4.18. CIA Distrib de Gas do Rio de Janeiro - CEG's value of 14.33% is 242.8% 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 501 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. CIA Distrib de Gas do Rio de Janeiro - CEG's current ROC % of 14.33% is 242.8% 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 CIA Distrib de Gas do Rio de Janeiro - CEG 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. CIA Distrib de Gas do Rio de Janeiro - CEG's current ROC % is 14.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CIA Distrib de Gas do Rio de Janeiro - CEG stock overvalued right now?
Based on GuruFocus' analysis, CIA Distrib de Gas do Rio de Janeiro - CEG (BSP:CEGR3) is currently considered Significantly Undervalued. The stock's GF Value™ is R$55.70, compared to a current price of R$39.00 — trading 30% below its estimated fair value. The current ROC % is 14.33% and 242.8% above the Utilities - Regulated industry median of 4.18. CIA Distrib de Gas do Rio de Janeiro - CEG's overall GF Score™ is 73/100 with 1 warning sign 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 CIA Distrib de Gas do Rio de Janeiro - CEG (BSP:CEGR3), the current ROC % is 14.33% 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 Distrib de Gas do Rio de Janeiro - CEG (BSP:CEGR3) Overvalued in 2026?
Based on GuruFocus' analysis, CIA Distrib de Gas do Rio de Janeiro - CEG stock appears to be undervalued.
The current stock price of R$39.00 is trading 30% below its estimated GF Value™ of R$55.70.
GuruFocus considers CIA Distrib de Gas do Rio de Janeiro - CEG to be Significantly Undervalued.
Key valuation signals for BSP:CEGR3:
ROC %: 14.33%
GF Value™: R$55.70 vs. price of R$39.00 (30% below fair value)
Industry Position: 242.8% above the Utilities - Regulated median
No single metric tells the full story. See the BSP:CEGR3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CIA Distrib de Gas do Rio de Janeiro - CEG Business Description
CIA Distrib de Gas do Rio de Janeiro - CEG operate as a public gas services, of any type and origin, in the State of Rio de Janeiro and to explore, exclusively, the distribution of piped gas. It distributes natural gas for the residential, commercial, industrial, electrical power generation sectors and also for compressed natural gas stations.
73GF Score
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