CIA de Gas deo Paulo - COMGAS (BSP:CGAS3) ROCE %: 21.49% (As of Mar. 2026)


BSP:CGAS3 CIA de Gas de Sao Paulo - COMGAS BSP:CGAS3
63 GF Score
Price R$126.00
GF Value R$83.56
Valuation Significantly Overvalued
! 7 Warning Signs
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What is CIA de Gas deo Paulo - COMGAS ROCE %?

CIA de Gas deo Paulo - COMGAS BSP:CGAS3 63 ROCE % is 21.49% as of Mar. 2026. GuruFocus rates BSP:CGAS3 with a GF Score™ of 63/100 and a GF Value™ of R$83.56 (Significantly Overvalued). The stock has 7 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. CIA de Gas deo Paulo - COMGAS's annualized ROCE % for the quarter that ended in Mar. 2026 was 21.49%.

CIA de Gas deo Paulo - COMGAS  (BSP:CGAS3) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

CIA de Gas deo Paulo - COMGAS ROCE % Related Terms

CIA de Gas deo Paulo - COMGAS ROCE % Historical Data

* Premium members only.

The historical data trend for CIA de Gas deo Paulo - COMGAS's ROCE % 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.

CIA de Gas deo Paulo - COMGAS ROCE % Chart

CIA de Gas deo Paulo - COMGAS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.94 36.69 29.42 31.55 25.46

CIA de Gas deo Paulo - COMGAS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.57 26.97 27.95 25.02 21.49
BSP:CGAS3
63GF Score
CIA de Gas de Sao Paulo - COMGAS BSP:CGAS3
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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CIA de Gas deo Paulo - COMGAS ROCE % Calculation

CIA de Gas deo Paulo - COMGAS's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=3079.204/( ( (15591.493 - 3675.447) + (14946.78 - 2678.036) )/ 2 )
=3079.204/( (11916.046+12268.744)/ 2 )
=3079.204/12092.395
=25.46 %

CIA de Gas deo Paulo - COMGAS's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=2826.984/( ( (14946.78 - 2678.036) + (16495.333 - 2456.231) )/ 2 )
=2826.984/( ( 12268.744 + 14039.102 )/ 2 )
=2826.984/13153.923
=21.49 %

(1) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 21.49% mean?
CIA de Gas deo Paulo - COMGAS (BSP:CGAS3) has a ROCE % of 21.49% as of Mar. 2026.
Is CIA de Gas deo Paulo - COMGAS's ROCE % too high?
CIA de Gas deo Paulo - COMGAS's current ROCE % is 21.49%. The Utilities - Regulated industry median ROCE % is 6.95. CIA de Gas deo Paulo - COMGAS's value of 21.49% is 209.2% above this industry median. 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 ROCE % compare to ATO and NI?
CIA de Gas deo Paulo - COMGAS's ROCE % of 21.49% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.95. CIA de Gas deo Paulo - COMGAS's value of 21.49% is 209.2% 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 ROCE % for an Utilities - Regulated company?
The median ROCE % among Utilities - Regulated companies is 6.95, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % of 21.49% is 209.2% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median ROCE % is 6.95 — 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 ROCE % is 21.49%. 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$83.56, compared to a current price of R$126.00 — trading 50.8% above its estimated fair value. The current ROCE % is 21.49% and 209.2% above the Utilities - Regulated industry median of 6.95. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For CIA de Gas deo Paulo - COMGAS (BSP:CGAS3), the current ROCE % is 21.49% 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$126.00 is trading 50.8% above its estimated GF Value™ of R$83.56. GuruFocus considers CIA de Gas deo Paulo - COMGAS to be Significantly Overvalued.

Key valuation signals for BSP:CGAS3:

  • ROCE %: 21.49%
  • GF Value™: R$83.56 vs. price of R$126.00 (50.8% above fair value)
  • GF Score™: 63/100 with 7 warning signs
  • Industry Position: 209.2% above the Utilities - Regulated median

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

Other Exchanges CGAS5:Brazil
Address Brigadeiro Faria Lima Avenue, 4,100, 4th floor, Itaim Bibi, SP, BRA, 04538-132
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

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$126.00
Price
R$83.56
GF Value