Last 48 quarters of trend data · Utilities · Diversified Utilities
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Companhia Energética de Minas Gerais's quarterly P/E stands at 1.8x, up 43.8% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 652.8% YoY to 19.1x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 6.32 | 1.76 | 0.76 | 1.88 | 1.17 | 1.22 | 1.26 | 0.45 | 0.75 | 1.19 | 0.67 | 1.11 | 1.15 |
| — | +43.8% | -40.1% | +320.7% | +56.4% | +2.9% | +87.5% | -59.6% | -35.0% | +35.3% | -15.3% | +17.1% | -95.4% | |
| P/S Ratio | 0.72 | 0.86 | 0.67 | 0.14 | 0.13 | 0.13 | 0.10 | 0.15 | 0.14 | 0.15 | 0.13 | 0.14 | 0.16 |
| — | +562.1% | +552.1% | -3.0% | -8.6% | -14.8% | -19.5% | +5.3% | -13.2% | +5.3% | +5.2% | +15.8% | +7.9% | |
| P/B Ratio | 1.08 | 0.24 | 0.20 | 0.21 | 0.20 | 0.18 | 0.18 | 0.21 | 0.19 | 0.21 | 0.21 | 0.22 | 0.24 |
| — | +32.9% | +8.3% | +0.0% | +4.3% | -15.7% | -10.5% | -3.6% | -22.9% | -0.9% | +0.8% | +3.5% | -0.1% | |
| P/FCF | — | — | — | — | 2.98 | — | 0.75 | 1.72 | 96.82 | — | 0.88 | 2577.94 | — |
| — | — | — | — | -96.9% | — | -14.7% | -99.9% | — | — | -26.1% | +70153.9% | — | |
| EV / EBITDA | 6.20 | 19.10 | 18.60 | 4.32 | 2.47 | 2.54 | 1.70 | 1.76 | 1.70 | 2.10 | 2.22 | 1.91 | 2.11 |
| — | +652.8% | +996.4% | +145.4% | +45.7% | +20.8% | -23.7% | -7.7% | -19.3% | +21.5% | +620.4% | +28.8% | -79.4% | |
| EV / EBIT | 7.70 | 24.84 | 24.68 | 4.72 | 2.93 | 2.96 | 2.96 | 0.88 | 1.58 | 2.22 | 1.60 | 2.69 | 1.90 |
| — | +739.3% | +734.8% | +438.4% | +84.9% | +33.1% | +84.9% | -67.4% | -16.5% | +39.0% | +52.3% | +24.6% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Companhia Energética de Minas Gerais's operating margin was 12.8% in Q1 2026, up 1.5 pp QoQ and down 1.2 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 11.4% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 9.8% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.9% | 15.8% | 14.2% | 10.2% | 15.7% | 17.5% | 12.7% | 27.5% | 21.7% | 21.2% | 16.2% | 7.0% | 34.9% |
| — | -9.8% | +11.6% | -62.8% | -27.9% | -17.4% | -21.7% | +294.3% | -37.7% | -40.1% | -53.0% | -70.0% | +706.0% | |
| Operating Margin | 14.8% | 12.8% | 11.3% | 7.7% | 13.9% | 14.0% | 21.5% | 13.6% | 22.0% | 16.7% | 18.2% | 11.6% | 17.9% |
| — | -8.6% | -47.6% | -43.4% | -36.8% | -16.5% | +18.2% | +18.0% | +23.2% | -17.3% | -84.8% | -29.0% | +2134.3% | |
| Net Margin | 11.5% | 9.4% | 16.3% | 7.5% | 11.0% | 10.7% | 8.1% | 32.6% | 19.1% | 12.9% | 18.9% | 12.9% | 14.1% |
| — | -12.6% | +101.3% | -77.0% | -42.2% | -17.1% | -57.2% | +152.4% | +35.0% | -21.4% | +23.6% | +0.8% | +2242.1% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.5% | 0.7% | 1.2% | 2.8% | 4.2% | 3.8% | 3.6% | 12.0% | 6.5% | 4.6% | 7.7% | 5.1% | 5.4% |
| — | -82.6% | -66.2% | -76.8% | -35.0% | -18.4% | -53.2% | +132.9% | +20.7% | -26.6% | +17.1% | -9.8% | +2124.1% | |
| ROA | 7.7% | 0.3% | 0.5% | 1.2% | 1.9% | 1.7% | 1.6% | 5.5% | 3.0% | 2.1% | 3.4% | 2.2% | 2.3% |
| — | -83.5% | -67.5% | -77.3% | -36.9% | -18.1% | -52.1% | +145.4% | +29.0% | -21.0% | +30.5% | +1.7% | +2313.6% | |
| ROIC | 11.2% | 0.4% | 0.4% | 1.5% | 2.8% | 2.6% | 5.1% | 2.7% | 4.0% | 3.3% | 4.0% | 2.4% | 3.6% |
| — | -84.3% | -92.2% | -46.0% | -31.6% | -20.6% | +28.7% | +11.2% | +11.9% | -20.2% | -85.0% | -34.7% | +2067.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Companhia Energética de Minas Gerais's Debt/EBITDA ratio is 59.8x, down from 62.4x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 12.1% YoY to 0.93x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.70 | 0.69 | 0.70 | 0.55 | 0.55 | 0.56 | 0.46 | 0.52 | 0.45 | 0.47 | 0.42 | 0.51 | 0.52 |
| — | +23.5% | +49.9% | +6.3% | +21.7% | +18.3% | +11.5% | +1.2% | -12.7% | +1.1% | -17.1% | -7.0% | -7.4% | |
| Debt / EBITDA | 2.53 | 59.83 | 62.39 | 13.40 | 8.48 | 9.11 | 5.43 | 6.11 | 5.28 | 6.61 | 6.61 | 6.17 | 6.51 |
| — | +556.9% | +1048.6% | +119.5% | +60.7% | +37.7% | -17.8% | -1.0% | -19.0% | +25.3% | +582.9% | +26.0% | -79.8% | |
| Current Ratio | 1.00 | 0.93 | 1.00 | 0.90 | 1.00 | 1.06 | 0.86 | 1.04 | 0.96 | 1.15 | 0.91 | 1.30 | 1.34 |
| — | -12.1% | +15.8% | -14.1% | +3.9% | -8.1% | -4.6% | -19.7% | -28.3% | -3.3% | -24.6% | +2.2% | +7.3% | |
| Quick Ratio | 1.00 | 0.93 | 1.00 | 0.90 | 1.00 | 1.06 | 0.86 | 1.04 | 0.96 | 1.15 | 0.91 | 1.30 | 1.34 |
| — | -12.1% | +15.8% | -14.1% | +3.9% | -8.1% | -4.6% | -19.7% | -28.3% | -3.3% | -24.6% | +2.2% | +7.5% | |
| Interest Coverage | 4.77 | 2.78 | 2.81 | 13.34 | 8.29 | 29.68 | 24.77 | 101.68 | 46.16 | 34.16 | 38.53 | 21.28 | 4.42 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Companhia Energética de Minas Gerais's current P/E is 6.3x. The average P/E over the last 4 quarters is 1.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Companhia Energética de Minas Gerais's current operating margin is 14.8%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Companhia Energética de Minas Gerais's business trajectory between earnings reports.