Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Book Value per Share : $2.25 (As of Sep. 2023)

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What is Cia Energetica DE Minas Gerais - Cemig Book Value per Share?

Cia Energetica DE Minas Gerais - Cemig's book value per share for the quarter that ended in Sep. 2023 was $2.25.

During the past 12 months, Cia Energetica DE Minas Gerais - Cemig's average Book Value Per Share Growth Rate was 15.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 10.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 9.00% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 4.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Cia Energetica DE Minas Gerais - Cemig was 16.30% per year. The lowest was -11.60% per year. And the median was 3.20% per year.

Cia Energetica DE Minas Gerais - Cemig's current price is $2.43. Its book value per share for the quarter that ended in Sep. 2023 was $2.25. Hence, today's PB Ratio of Cia Energetica DE Minas Gerais - Cemig is 1.08.

During the past 13 years, the highest P/B Ratio of Cia Energetica DE Minas Gerais - Cemig was 2.33. The lowest was 0.46. And the median was 1.35.

Good Sign:

Cia Energetica DE Minas Gerais - Cemig stock PB Ratio (=1.32) is close to 2-year low of 1.2

Cia Energetica DE Minas Gerais - Cemig Book Value per Share Historical Data

The historical data trend for Cia Energetica DE Minas Gerais - Cemig's Book Value per Share 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.

* Premium members only.

Cia Energetica DE Minas Gerais - Cemig Book Value per Share Chart

Cia Energetica DE Minas Gerais - Cemig Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Book Value per Share

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1.72

1.78

1.54

1.56

1.89

Cia Energetica DE Minas Gerais - Cemig Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Book Value per Share	Get a 7-Day Free Trial															1.83	1.89	1.99	2.21	2.25

Competitive Comparison of Cia Energetica DE Minas Gerais - Cemig's Book Value per Share

For the Utilities - Diversified subindustry, Cia Energetica DE Minas Gerais - Cemig's PB Ratio, along with its competitors' market caps and PB Ratio 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 Energetica DE Minas Gerais - Cemig's PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cia Energetica DE Minas Gerais - Cemig's PB Ratio distribution charts can be found below:

* The bar in red indicates where Cia Energetica DE Minas Gerais - Cemig's PB Ratio falls into.

Cia Energetica DE Minas Gerais - Cemig Book Value per Share Calculation

Cia Energetica DE Minas Gerais - Cemig's Book Value Per Share for the fiscal year that ended in Dec. 2022 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(4,152	-	0)	/	2,201
	=	1.89

Cia Energetica DE Minas Gerais - Cemig's Book Value Per Share for the quarter that ended in Sep. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(4,946	-	0)	/	2,201
	=	2.25

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Cia Energetica DE Minas Gerais - Cemig Book Value per Share Related Terms

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Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) » Definitions » Book Value per Share

Comparable Companies

Traded in Other Exchanges

CIG.C:USA CIGN:Mexico XCMIG:Spain CIDS:Germany CIDA:Germany CID:Germany CIDA:Germany CID:Germany CMIG4:Brazil CMIG3:Brazil

Address

Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131

Website

https://www.cemig.com.br

Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.