Centrais Elétricas Brasileiras S.A. - Eletrobrás (EBR-B) Financial Ratios
19 years of historical data (2006–2024) · Utilities · Regulated Electric
EV/EBITDA
↓
2.30
↓-60% vs avg
5yr avg: 5.82
30Y Low2.8·High52.7
P/FCF
↑
0.73
↓-79% vs avg
5yr avg: 3.40
30Y Low1.2·High18.4
P/B Ratio
↓
0.19
↑+27% vs avg
5yr avg: 0.15
30Y Low0.1·High0.3
ROE
↑
8.9%
↓+34% vs avg
5yr avg: 6.6%
30Y Low-29%·High27%
Debt/EBITDA
↓
3.32
↓-36% vs avg
5yr avg: 5.20
30Y Low2.0·High15.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EBR-B Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Centrais Elétricas Brasileiras S.A. - Eletrobrás trades at 2.2x earnings, 21% below its 5-year average of 2.8x, sitting at the 46th percentile of its historical range. Compared to the Utilities sector median P/E of 19.5x, the stock trades at a discount of 89%. On a free-cash-flow basis, the stock trades at 0.7x P/FCF, 79% below the 5-year average of 3.4x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.7B | $14.7B | $21.6B | $16.3B | $9.6B | $11.1B | $15.0B | $9.7B | $9.2B | $10.8B | $3.5B |
| Enterprise Value | $54.4B | $66.4B | $70.4B | $66.8B | $55.5B | $59.9B | $64.2B | $65.4B | $55.6B | $58.1B | $50.8B |
| P/E Ratio → | 2.20 | 1.42 | 4.43 | 6.17 | 1.69 | 0.33 | 2.01 | 0.74 | — | 3.22 | — |
| P/S Ratio | 0.07 | 0.37 | 0.58 | 0.48 | 0.28 | 0.44 | 0.52 | 0.39 | 0.24 | 0.18 | 0.11 |
| P/B Ratio | 0.19 | 0.12 | 0.19 | 0.15 | 0.13 | 0.15 | 0.21 | 0.17 | 0.21 | 0.24 | 0.08 |
| P/FCF | 0.73 | 3.95 | 5.26 | — | 1.66 | 2.73 | 4.70 | 8.45 | 10.59 | — | — |
| P/OCF | 1.13 | 1.19 | 2.63 | 1.76 | 1.37 | 2.17 | — | 4.03 | 4.24 | 5.74 | 0.50 |
P/E links to full P/E history page with 30-year chart
EBR-B EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Centrais Elétricas Brasileiras S.A. - Eletrobrás's enterprise value stands at 2.3x EBITDA, 60% below its 5-year average of 5.8x. The Utilities sector median is 12.0x, placing the stock at a 81% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.65 | 1.89 | 1.96 | 1.60 | 2.36 | 2.21 | 2.62 | 1.47 | 0.96 | 1.56 |
| EV / EBITDA | 2.30 | 2.81 | 4.81 | 8.50 | 4.94 | 8.03 | 6.17 | 4.18 | 10.39 | 3.48 | — |
| EV / EBIT | 14.35 | 3.97 | 8.59 | 8.29 | 4.00 | 6.31 | 5.94 | 3.24 | 8.67 | 3.48 | — |
| EV / FCF | — | 17.82 | 17.11 | — | 9.61 | 14.73 | 20.18 | 56.95 | 64.05 | — | — |
EBR-B Profitability
Margins and return-on-capital ratios measuring operating efficiency
Centrais Elétricas Brasileiras S.A. - Eletrobrás earns an operating margin of 48.8%, significantly above the Utilities sector average of 19.8%. Operating margins have expanded from 15.2% to 48.8% over the past 3 years, signaling improving operational efficiency. ROE of 8.9% is modest, trailing the sector median of 9.3%. ROIC of 8.8% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 85.2% | 85.2% | 85.1% | 85.8% | 88.0% | 87.0% | 76.7% | 77.8% | 59.4% | 73.3% | 47.9% |
| Operating Margin | 48.8% | 48.8% | 29.6% | 15.2% | 28.3% | 24.4% | 29.6% | 55.8% | 10.1% | 24.4% | -40.1% |
| Net Profit Margin | 25.8% | 25.8% | 12.2% | 10.7% | 16.3% | 25.1% | 38.5% | 52.6% | -4.7% | 5.6% | -44.3% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.9% | 8.9% | 4.1% | 3.9% | 7.5% | 8.8% | 17.6% | 26.6% | -4.1% | 8.0% | -29.3% |
| ROA | 3.7% | 3.7% | 1.7% | 1.6% | 3.1% | 3.6% | 6.2% | 7.4% | -1.0% | 2.1% | -9.8% |
| ROIC | 8.8% | 8.8% | 5.1% | 2.7% | 6.0% | 3.8% | 5.6% | 10.4% | 3.2% | 12.3% | -10.0% |
| ROCE | 7.9% | 7.9% | 4.6% | 2.5% | 6.2% | 4.1% | 5.8% | 9.8% | 2.7% | 11.4% | -10.6% |
EBR-B Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Centrais Elétricas Brasileiras S.A. - Eletrobrás carries a Debt/EBITDA ratio of 3.3x, which is moderately leveraged (35% below the sector average of 5.1x). Net debt stands at $51.7B ($78.2B total debt minus $26.6B cash). Interest coverage of 3.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.64 | 0.64 | 0.55 | 0.55 | 0.60 | 0.67 | 0.70 | 1.01 | 1.10 | 1.09 | 1.17 |
| Debt / EBITDA | 3.32 | 3.32 | 4.22 | 7.79 | 4.11 | 6.58 | 4.76 | 3.60 | 8.82 | 2.88 | — |
| Net Debt / Equity | — | 0.42 | 0.43 | 0.45 | 0.60 | 0.66 | 0.69 | 0.99 | 1.08 | 1.07 | 1.13 |
| Net Debt / EBITDA | 2.19 | 2.19 | 3.33 | 6.42 | 4.09 | 6.54 | 4.73 | 3.56 | 8.67 | 2.84 | — |
| Debt / FCF | — | 13.87 | 11.86 | — | 7.95 | 12.00 | 15.47 | 48.50 | 53.46 | — | — |
| Interest Coverage | 3.21 | 3.21 | 1.70 | 1.10 | 3.49 | 2.18 | 25.24 | 45.14 | 11.95 | 48.91 | -47.83 |
EBR-B Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Centrais Elétricas Brasileiras S.A. - Eletrobrás's current ratio of 2.04x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.88x to 2.04x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.04 | 2.04 | 1.76 | 1.88 | 1.66 | 1.64 | 1.57 | 1.28 | 1.09 | 0.87 | 1.05 |
| Quick Ratio | 2.02 | 2.02 | 1.75 | 1.86 | 1.62 | 1.62 | 1.54 | 1.26 | 1.07 | 0.84 | 1.01 |
| Cash Ratio | 0.94 | 0.94 | 0.70 | 0.87 | 0.66 | 0.49 | 0.71 | 0.36 | 0.44 | 0.25 | 0.33 |
| Asset Turnover | — | 0.14 | 0.14 | 0.13 | 0.18 | 0.14 | 0.16 | 0.14 | 0.22 | 0.35 | 0.22 |
| Inventory Turnover | 13.47 | 13.47 | 12.95 | 11.26 | 3.73 | 6.49 | 6.71 | 6.21 | 16.28 | 16.27 | 16.43 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
EBR-B Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Centrais Elétricas Brasileiras S.A. - Eletrobrás returns 10.0% to shareholders annually — split between a 5.7% dividend yield and 4.3% buyback yield. The payout ratio of 12.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 45.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 5.7% | 8.9% | 4.0% | 9.1% | 39.2% | — | 7.9% | 0.7% | 4.2% | 0.1% | 0.7% |
| Payout Ratio | 12.6% | 12.6% | 19.0% | 41.0% | 66.4% | — | 10.6% | 0.5% | — | 0.2% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 45.4% | 70.5% | 22.6% | 16.2% | 59.0% | 299.0% | 49.8% | 135.4% | — | 31.1% | — |
| FCF Yield | 100.0% | 25.3% | 19.0% | — | 60.4% | 36.6% | 21.3% | 11.8% | 9.4% | — | — |
| Buyback Yield | 4.3% | 0.8% | 9.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 10.0% | 9.7% | 13.1% | 9.1% | 39.2% | 0.0% | 7.9% | 0.7% | 4.2% | 0.1% | 0.7% |
| Shares Outstanding | — | $2.3B | $2.3B | $2.0B | $1.6B | $1.6B | $1.6B | $1.4B | $1.4B | $1.4B | $1.4B |
Peer Comparison
Compare EBR-B with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 EBR-BYou | $3B | 2.2 | 2.3 | 0.7 | 85.2% | 48.8% | 8.9% | 8.8% | 3.3 |
 CIG | $7B | 7.0 | 7.0 | — | 16.9% | 14.1% | 17.2% | 10.5% | 2.7 |
 SBS | $22B | 13.0 | 10.1 | — | 36.6% | 32.2% | 20.9% | 13.1% | 2.8 |
 ERJ | $12B | 34.1 | 14.3 | 29.6 | 18.0% | 10.4% | 11.0% | 11.4% | 2.9 |
 ELP | $7M | 3.0 | 2.5 | — | 18.0% | 17.9% | 11.3% | 8.4% | 3.2 |
 NEE | $195B | 28.4 | 18.7 | — | 62.8% | 30.1% | 10.7% | 4.1% | 6.2 |
 D | $54B | 17.9 | 15.1 | — | 49.0% | 26.7% | 9.4% | 4.3% | 7.2 |
 DUK | $97B | 19.8 | 12.6 | — | 31.6% | 26.6% | 9.5% | 4.6% | 6.1 |
 AEP | $72B | 19.8 | 13.8 | — | 31.8% | 24.3% | 12.1% | 5.1% | 5.7 |
 SO | $104B | 23.6 | 12.7 | — | 29.8% | 24.6% | 11.5% | 5.3% | 4.9 |
 EXC | $45B | 16.2 | 10.8 | — | 27.9% | 21.2% | 9.9% | 5.1% | 5.8 |
| Utilities Median | — | 19.5 | 12.0 | 16.2 | 39.6% | 19.8% | 9.3% | 4.8% | 5.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonEBR-B — Frequently Asked Questions
Quick answers to the most common questions about buying EBR-B stock.
What is Centrais Elétricas Brasileiras S.A. - Eletrobrás's P/E ratio?
Centrais Elétricas Brasileiras S.A. - Eletrobrás's current P/E ratio is 2.2x. The historical average is 6.4x. This places it at the 46th percentile of its historical range.
What is Centrais Elétricas Brasileiras S.A. - Eletrobrás's EV/EBITDA?
Centrais Elétricas Brasileiras S.A. - Eletrobrás's current EV/EBITDA is 2.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.0x.
What is Centrais Elétricas Brasileiras S.A. - Eletrobrás's ROE?
Centrais Elétricas Brasileiras S.A. - Eletrobrás's return on equity (ROE) is 8.9%. The historical average is 2.7%.
Is EBR-B stock overvalued?
Based on historical data, Centrais Elétricas Brasileiras S.A. - Eletrobrás is trading at a P/E of 2.2x. This is at the 46th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Centrais Elétricas Brasileiras S.A. - Eletrobrás's dividend yield?
Centrais Elétricas Brasileiras S.A. - Eletrobrás's current dividend yield is 5.72% with a payout ratio of 12.6%.
What are Centrais Elétricas Brasileiras S.A. - Eletrobrás's profit margins?
Centrais Elétricas Brasileiras S.A. - Eletrobrás has 85.2% gross margin and 48.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Centrais Elétricas Brasileiras S.A. - Eletrobrás have?
Centrais Elétricas Brasileiras S.A. - Eletrobrás's Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.