Eneva (BSP:ENEV3) Total Operating Expense: R$1,731 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BSP:ENEV3 Eneva SA BSP:ENEV3
65 GF Score
Price R$24.90
GF Value R$17.33
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Eneva Total Operating Expense?

Eneva BSP:ENEV3 -3.11% 65 Total Operating Expense is R$1,731 Mil as of Dec. 2025. GuruFocus rates BSP:ENEV3 with a GF Score™ of 65/100 and a GF Value™ of R$17.33 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Eneva's Total Operating Expense for the three months ended in Dec. 2025 was R$617 Mil. Eneva's Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 was R$1,731 Mil.

Eneva Total Operating Expense Related Terms

Eneva Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Eneva's Total Operating Expense 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.

Eneva Total Operating Expense Chart

Eneva Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 500.08 881.18 1,038.21 1,075.97 1,730.71

Eneva Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Total Operating Expense 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 468.68 349.14 332.75 431.93 616.89
BSP:ENEV3
65GF Score
Eneva SA BSP:ENEV3
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eneva Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was R$1,731 Mil.

* 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 Total Operating Expense of R$1,731 Mil mean?
Eneva (BSP:ENEV3) has a Total Operating Expense of R$1,731 Mil as of Dec. 2025. Total operating expense is the primary recurring expense associated with central operations. View historical data on Eneva and its competitors.
Is Eneva's Total Operating Expense too high?
Eneva's current Total Operating Expense is R$1,731 Mil. Overall, Eneva has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eneva's Total Operating Expense compare to SRE and AES?
Eneva's Total Operating Expense of R$1,731 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for an Utilities - Regulated company?
A good Total Operating Expense depends on the Utilities - Regulated industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Eneva and its competitors. Eneva's current Total Operating Expense is R$1,731 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eneva stock overvalued right now?
Based on GuruFocus' analysis, Eneva (BSP:ENEV3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$17.33, compared to a current price of R$24.90 — trading 43.7% above its estimated fair value. The current Total Operating Expense is R$1,731 Mil. Eneva's overall GF Score™ is 65/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Eneva (BSP:ENEV3), the current Total Operating Expense is R$1,731 Mil 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 Eneva (BSP:ENEV3) Overvalued in 2026?

Based on GuruFocus' analysis, Eneva stock appears to be overvalued. The current stock price of R$24.90 is trading 43.7% above its estimated GF Value™ of R$17.33. GuruFocus considers Eneva to be Significantly Overvalued.

Key valuation signals for BSP:ENEV3:

  • Total Operating Expense: R$1,731 Mil
  • GF Value™: R$17.33 vs. price of R$24.90 (43.7% above fair value)
  • GF Score™: 65/100 with 9 warning signs

No single metric tells the full story. See the BSP:ENEV3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Eneva Business Description

Address Praca Mahatma Gandhi, 14, 9 Andar, Centro, Rio de Janeiro, RJ, BRA, 22210903
Eneva SA is a Brazilian energy utilities company involved in the generation and distribution of electricity, with complementary businesses in natural gas exploration and production. The company generates electricity through various resources, including coal, natural gas, thermoelectric plants, and renewable energy sources, such as solar energy. Furthermore, the company mines coal in Columbia, operates thermoelectric plants in Chile and Brazil, and extracts natural gas from Brazil. The firm primarily operates through its Power Generation, Energy Trading, Natural Resources, and Corporate segments.
65GF Score

Get the complete analysis for BSP:ENEV3

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

R$24.90
Price
R$17.33
GF Value