Companhia Energética de Minas Gerais - CEMIG (CIG.C) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Companhia Energética de Minas Gerais - CEMIG had a P/E ratio of 7.23 (up from 4.94), return on equity of 17.5% (down from 27.4%), debt-to-equity of 0.70 (up from 0.46) and a current ratio of 1.00 (up from 0.86). A current ratio of 1.00 means current assets exceed current liabilities. Its dividend yield was 8.94% with a payout ratio of 81.0%.

Companhia Energética de Minas Gerais - CEMIG Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	7.23	4.94	4.85	6.89	6.73	8.04
P/S Ratio	0.83	0.88	0.76	0.82	0.75	0.91
P/B Ratio	1.24	1.28	1.13	1.29	1.30	1.32
Price/Tangible Book	21.65	9.52	7.61	12.71	16.47	12.36
Price/FCF	10.48	7.28	5.02	4.43	7.21	2.72
Price/OCF	8.68	6.39	4.21	4.31	6.86	2.68
Enterprise Value Ratios
EV/Revenue	1.14	1.07	0.98	1.02	1.00	1.33
EV/EBITDA	6.24	5.45	4.67	5.82	5.03	6.43
EV/EBIT	7.67	6.55	5.54	7.24	5.96	7.81
EV/FCF	14.48	8.82	6.52	5.50	9.58	3.97
Profitability & Returns
Return on Equity (ROE)	17.51%	27.36%	24.84%	19.85%	20.32%	17.07%
Return on Assets (ROA)	6.29%	7.09%	7.54%	5.72%	6.63%	5.15%
Return on Capital Employed (ROCE)	12.10%	14.30%	15.60%	11.40%	13.60%	9.70%
Leverage & Solvency Ratios
Debt/Equity	0.70	0.46	0.42	0.50	0.60	0.87
Debt/EBITDA	2.51	1.61	1.31	1.82	1.74	2.88
Debt/FCF	5.89	2.63	1.84	1.72	3.32	1.80
Liquidity Ratios
Current Ratio	1.00	0.86	0.91	1.20	1.21	1.59
Quick Ratio	0.78	0.69	0.82	1.09	1.05	1.38
Efficiency Ratios
Asset Turnover	0.68	0.69	0.68	0.65	0.63	0.48
Yield & Distribution Ratios
Earnings Yield	13.84%	20.25%	20.63%	14.51%	14.85%	12.43%
FCF Yield	9.54%	13.73%	19.92%	22.59%	13.86%	36.79%
Dividend Yield	8.94%	10.49%	11.67%	8.30%	8.40%	8.56%
Payout Ratio	81.03%	60.34%	31.63%	51.17%	37.76%	20.88%
Buyback Yield	-	-	0.00%	0.00%	0.00%	0.00%
Total Return	8.94%	10.49%	11.67%	8.30%	8.40%	8.56%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Companhia Energética de Minas Gerais - CEMIG Financial Ratios

What is Companhia Energética de Minas Gerais - CEMIG's P/E ratio?

Companhia Energética de Minas Gerais - CEMIG's P/E ratio was 7.23 for fiscal 2025 (period ended Dec 31, 2025). It was 4.94 a year earlier.

What is Companhia Energética de Minas Gerais - CEMIG's return on equity?

Companhia Energética de Minas Gerais - CEMIG's return on equity (ROE) was 17.5% for fiscal 2025 (period ended Dec 31, 2025). It was 27.4% a year earlier.

What is Companhia Energética de Minas Gerais - CEMIG's debt-to-equity ratio?

Companhia Energética de Minas Gerais - CEMIG's debt-to-equity ratio was 0.70 for fiscal 2025 (period ended Dec 31, 2025). It was 0.46 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition