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.
What is CIA Distrib de Gas do Rio de Janeiro - CEG Altman Z-Score?
CIA Distrib de Gas do Rio de Janeiro - CEGBSP:CEGR3 73 Altman Z-Score is 3.73 as of Aug. 02, 2026, which is 29% below its 10-year median of 5.22. GuruFocus rates BSP:CEGR3 with a GF Score™ of 73/100 and a GF Value™ of R$55.23 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 498 Utilities - Regulated companies, CIA Distrib de Gas do Rio de Janeiro - CEG ranks better than 86.95% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 3.73 is strong.
CIA Distrib de Gas do Rio de Janeiro - CEG has a Altman Z-Score of 3.73, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
CIA Distrib de Gas do Rio de Janeiro - CEG (BSP:CEGR3) Altman Z-Score Explanation
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
* 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 Altman Z-Score Chart
CIA Distrib de Gas do Rio de Janeiro - CEG Annual Data
BSP:CEGR3 vs ATO, NI, UGI: Altman Z-Score Comparison
For the Utilities - Regulated Gas subindustry, CIA Distrib de Gas do Rio de Janeiro - CEG's Altman Z-Score, along with its competitors' market caps and Altman Z-Score 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.
CIA Distrib de Gas do Rio de Janeiro - CEG Altman Z-Score vs Utilities - Regulated Industry
CIA Distrib de Gas do Rio de Janeiro - CEG Altman Z-Score Calculation
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
CIA Distrib de Gas do Rio de Janeiro - CEG (BSP:CEGR3) has a Altman Z-Score of 3.73 as of Aug. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on CIA Distrib de Gas do Rio de Janeiro - CEG and its competitors. This is 29% below median its historical median of 5.22. Over the past decade, CIA Distrib de Gas do Rio de Janeiro - CEG's Altman Z-Score has ranged from 3.73 to 7.17. According to the industry distribution chart, CIA Distrib de Gas do Rio de Janeiro - CEG ranks #65 out of 498 companies in the Utilities - Regulated industry, placing it in the top 13.1%.
Is CIA Distrib de Gas do Rio de Janeiro - CEG's Altman Z-Score too high?
CIA Distrib de Gas do Rio de Janeiro - CEG's current Altman Z-Score of 3.73 is 29% below median its 10-year median of 5.22. Over the past 10 years, this metric has ranged from a low of 3.73 to a high of 7.17. The Utilities - Regulated industry median Altman Z-Score is 1.26. CIA Distrib de Gas do Rio de Janeiro - CEG's value of 3.73 is 196% above this industry median. Based on the distribution chart, CIA Distrib de Gas do Rio de Janeiro - CEG ranks #65 out of 498 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. 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 Altman Z-Score compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, CIA Distrib de Gas do Rio de Janeiro - CEG ranks #65 out of 498 companies for Altman Z-Score. This places CIA Distrib de Gas do Rio de Janeiro - CEG in the top 13% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.26. CIA Distrib de Gas do Rio de Janeiro - CEG's value of 3.73 is 196% above this benchmark. Historically, CIA Distrib de Gas do Rio de Janeiro - CEG's own Altman Z-Score has ranged from 3.73 to 7.17 over the past decade. While the company's 10-year median is 5.22 vs. the industry median of 1.26, CIA Distrib de Gas do Rio de Janeiro - CEG has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for an Utilities - Regulated company?
The median Altman Z-Score among Utilities - Regulated companies is 1.26, based on 498 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score 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 Altman Z-Score of 3.73 is 196% 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 Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on CIA Distrib de Gas do Rio de Janeiro - CEG and its competitors. For the Utilities - Regulated industry, the median Altman Z-Score is 1.26 — 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 Altman Z-Score is 3.73, which is 29% below median its own 10-year median of 5.22. 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$55.23, compared to a current price of R$35.00 — trading 36.6% below its estimated fair value. The current Altman Z-Score is 3.73, which is 29% below median its 10-year median of 5.22 and 196% above the Utilities - Regulated industry median of 1.26. 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 Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For CIA Distrib de Gas do Rio de Janeiro - CEG (BSP:CEGR3), the current Altman Z-Score is 3.73 as of Aug. 02, 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$35.00 is trading 36.6% below its estimated GF Value™ of R$55.23.
GuruFocus considers CIA Distrib de Gas do Rio de Janeiro - CEG to be Significantly Undervalued.
Key valuation signals for BSP:CEGR3:
Altman Z-Score: 3.73 (29% below median its 10-year median of 5.22)
GF Value™: R$55.23 vs. price of R$35.00 (36.6% below fair value)
Industry Position: 196% above the Utilities - Regulated median (#65 of 498)
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 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
Get the complete analysis for BSP:CEGR3
Altman Z-Score 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:CEGR3 has been successfully added to your 
