Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Empresa Metropolitana de Aguas & Energia's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 56.26%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
BSP:EMAE4's 3-Year ROIIC % is ranked better than 93.5% of 477
companies
in the Utilities - Regulated industry
Industry Median: 3.88
vs BSP:EMAE4: 56.26
Empresa Metropolitana de Aguas & Energia (BSP:EMAE4) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Empresa Metropolitana de Aguas & Energia 3-Year ROIIC % Related Terms
Empresa Metropolitana de Aguas & Energia 3-Year ROIIC % 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.
Empresa Metropolitana de Aguas & Energia 3-Year ROIIC % Chart
Empresa Metropolitana de Aguas & Energia Annual Data
For the Utilities - Diversified subindustry, Empresa Metropolitana de Aguas & Energia's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.
Empresa Metropolitana de Aguas & Energia 3-Year ROIIC % vs Utilities - Regulated Industry
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Empresa Metropolitana de Aguas & Energia (BSP:EMAE4) has a 3-Year ROIIC % of 56.26 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Empresa Metropolitana de Aguas & Energia and its competitors. According to the industry distribution chart, Empresa Metropolitana de Aguas & Energia ranks #31 out of 477 companies in the Utilities - Regulated industry, placing it in the top 6.5%.
Is Empresa Metropolitana de Aguas & Energia's 3-Year ROIIC % too high?
Empresa Metropolitana de Aguas & Energia's current 3-Year ROIIC % is 56.26. The Utilities - Regulated industry median 3-Year ROIIC % is 3.88. Empresa Metropolitana de Aguas & Energia's value of 56.26 is 1350% above this industry median. Based on the distribution chart, Empresa Metropolitana de Aguas & Energia ranks #31 out of 477 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Empresa Metropolitana de Aguas & Energia has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Empresa Metropolitana de Aguas & Energia's 3-Year ROIIC % compare to SRE?
According to the Utilities - Regulated industry distribution chart, Empresa Metropolitana de Aguas & Energia ranks #31 out of 477 companies for 3-Year ROIIC %. This places Empresa Metropolitana de Aguas & Energia in the top 7% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.88. Empresa Metropolitana de Aguas & Energia's value of 56.26 is 1350% 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 3-Year ROIIC % for an Utilities - Regulated company?
The median 3-Year ROIIC % among Utilities - Regulated companies is 3.88, based on 477 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Empresa Metropolitana de Aguas & Energia's current 3-Year ROIIC % of 56.26 is 1350% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Empresa Metropolitana de Aguas & Energia and its competitors. For the Utilities - Regulated industry, the median 3-Year ROIIC % is 3.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empresa Metropolitana de Aguas & Energia's current 3-Year ROIIC % is 56.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empresa Metropolitana de Aguas & Energia stock overvalued right now?
Based on GuruFocus' analysis, Empresa Metropolitana de Aguas & Energia (BSP:EMAE4) is currently considered Fairly Valued. The stock's GF Value™ is R$37.15, compared to a current price of R$36.86 — trading 0.8% below its estimated fair value. The current 3-Year ROIIC % is 56.26 and 1350% above the Utilities - Regulated industry median of 3.88. Empresa Metropolitana de Aguas & Energia's overall GF Score™ is 63/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Empresa Metropolitana de Aguas & Energia (BSP:EMAE4), the current 3-Year ROIIC % is 56.26 as of Dec. 2025. 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 Empresa Metropolitana de Aguas & Energia (BSP:EMAE4) Overvalued in 2026?
Based on GuruFocus' analysis, Empresa Metropolitana de Aguas & Energia stock appears to be undervalued.
The current stock price of R$36.86 is trading 0.8% below its estimated GF Value™ of R$37.15.
GuruFocus considers Empresa Metropolitana de Aguas & Energia to be Fairly Valued.
Key valuation signals for BSP:EMAE4:
3-Year ROIIC %: 56.26
GF Value™: R$37.15 vs. price of R$36.86 (0.8% below fair value)
Industry Position: 1350% above the Utilities - Regulated median (#31 of 477)
No single metric tells the full story. See the BSP:EMAE4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Empresa Metropolitana de Aguas & Energia Business Description
Empresa Metropolitana de Aguas & Energia SA is engaged in electricity generation. The company manages a complex hydraulic system that includes dykes, dams, and reservoirs, with notable ones being Billings and Guarapiranga, located in the southern zone of Sao Paulo city, as well as the Sao Paulo and Pedreira pumping stations and the Pinheiros River canal. The company's activities include electricity supply, the construction of energy generation assets, and the provision of operation and maintenance services for power plants and related structures, serving both private companies and public sector entities.
63GF Score
Get the complete analysis for BSP:EMAE4
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:EMAE4 has been successfully added to your 
