# Companhia Energética de Minas Gerais - CEMIG share price today (Companhia Energética de Minas Gerais - CEMIG, CIG)

> Companhia Energética de Minas Gerais - CEMIG's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. CIG · Utilities · Utilities - Regulated Electric · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/cig

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: $1.79 (−14.4% in a year)
- P/E: 6.1×, against its own history
- Revenue (Jun 2026): BRL 11.2 B (+3.4% on a year ago)
- Profit (Jun 2026): BRL 945 M (−20.4% on a year ago)
- Operating margin: 15.6% (+0.6 points on a year ago)
- ROE: 17%, FY25
- ROIC: 8.3%, against a 5.6% cost of capital: +2.7 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Companhia Energética de Minas Gerais - CEMIG share price today? Companhia Energética de Minas Gerais - CEMIG's share price was $1.79 at the close on 3 November 2026. It has been moving sideways for 2 weeks. That is 19.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between $2 and $3, and at that close it was at the low of that range. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 2 weeks running. Over the last 10 years the share price moved +52% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Companhia Energética de Minas Gerais - CEMIG pay? Companhia Energética de Minas Gerais - CEMIG declared BRL 1.23 per local share for Dec 2025. It reports in Brazilian reais, and one US-listed share can stand for several local shares, so we do not set this against the dollar price or show a yield. ## Which stock lists is Companhia Energética de Minas Gerais - CEMIG on? Companhia Energética de Minas Gerais - CEMIG is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Companhia Energética de Minas Gerais - CEMIG profitable? Companhia Energética de Minas Gerais - CEMIG earned BRL 945 M of net profit in the Jun 2026 quarter, −20.4% on the same quarter a year earlier. Full-year FY25 profit was BRL 4.9 B. Over 4 years profit has grown 6.9% a year on average. That is 8.5% of the quarter's revenue. The same quarter a year earlier earned BRL 1.2 B. For the full year, FY25 profit was BRL 4.9 B (−31.2% on the year before). Why profit moved: revenue changed +3.4% on a year earlier and the margin moved +0.6 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −3.5% and revenue +4.3%. Profit is growing slower than sales: rising costs are taking part of the growth. This company reports in Brazilian reais, not US dollars, so the money charts are left out here. The figures in the text are in that currency (BRL); nothing is converted. ## How much revenue does Companhia Energética de Minas Gerais - CEMIG make, and is it growing? Companhia Energética de Minas Gerais - CEMIG reported BRL 11.2 B of revenue in the Jun 2026 quarter, +3.4% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 6.2% a year on average. The last full year, FY25, came in at BRL 42.8 B. The last four reported quarters add to BRL 43.7 B. FY25 revenue was BRL 42.8 B, +7.4% on the year before. Recent pace: the last four quarters grew +4.3% on average, against 6.2% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +4.3%, against +7.5% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −29.3%, against −12.2% a year (rolling over). This company reports in Brazilian reais, not US dollars, so the money charts are left out here. The figures in the text are in that currency (BRL); nothing is converted. ## How much of its sales does Companhia Energética de Minas Gerais - CEMIG keep? Companhia Energética de Minas Gerais - CEMIG's operating margin was 15.6% in the Jun 2026 quarter, 0.6 percentage points higher than the same quarter a year ago. Across 5 years it has been between 14.0% and 17.8%. The latest quarter is within that range. Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## Is Companhia Energética de Minas Gerais - CEMIG's profit turning into cash? Over the last 3 years, 91% of Companhia Energética de Minas Gerais - CEMIG's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in BRL 4.1 B of operating cash against BRL 4.9 B of profit. After BRL 699 M of spending on assets, BRL 3.4 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. This company reports in Brazilian reais, not US dollars, so the money charts are left out here. The figures in the text are in that currency (BRL); nothing is converted. ## Where does Companhia Energética de Minas Gerais - CEMIG's cash go? Companhia Energética de Minas Gerais - CEMIG does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent BRL 2.4 B on assets over the last 3 years. Averaged over those years that is 1.9% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: BRL 2.4 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. This company reports in Brazilian reais, not US dollars, so the money charts are left out here. The figures in the text are in that currency (BRL); nothing is converted. ## What is Companhia Energética de Minas Gerais - CEMIG's P/E ratio, and how does it compare with its own history? Companhia Energética de Minas Gerais - CEMIG's P/E is 6.1×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Companhia Energética de Minas Gerais - CEMIG business getting better or worse? Companhia Energética de Minas Gerais - CEMIG's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 12.0%; each line tells part of the story. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Companhia Energética de Minas Gerais - CEMIG earn on its capital? Companhia Energética de Minas Gerais - CEMIG earned a ROE of 17% in FY25. Its return on capital used (ROIC) is 2.7 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 11.5% net margin and 0.64× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 11.5% net margin × 0.64× asset turnover × 2.35× leverage (assets divided by equity) ≈ 17.3% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 8.3% − 5.6% = +2.7 percentage points. The 5.6% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does Companhia Energética de Minas Gerais - CEMIG have too much debt? Companhia Energética de Minas Gerais - CEMIG has total debt of BRL 22.7 B against shareholder equity of BRL 29.2 B as of Jun 2026, so its debt is 0.78× its equity. Year by year, that ratio went from 0.60 in FY21 to 0.70 in FY25. Keep that borrowing in mind when reading the returns on this page. This company reports in Brazilian reais, not US dollars, so the money charts are left out here. The figures in the text are in that currency (BRL); nothing is converted. ## What is the Companhia Energética de Minas Gerais - CEMIG shareholding pattern? 0.1% of Companhia Energética de Minas Gerais - CEMIG's tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 0.6 days. It is a single reading at one point in time; we do not have its history. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Companhia Energética de Minas Gerais - CEMIG from balance-sheet trouble? For Companhia Energética de Minas Gerais - CEMIG, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Companhia Energética de Minas Gerais - CEMIG rank in its industry? There is no score against its industry: Companhia Energética de Minas Gerais - CEMIG is not among the largest members shown in this industry comparison for Utilities - Regulated Electric. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Companhia Energética de Minas Gerais - CEMIG compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Companhia Energética de Minas Gerais - CEMIG in size? Companhia Energética de Minas Gerais - CEMIG is the 32nd largest of 40 Utilities - Regulated Electric companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: IDACORP, Inc., Companhia Paranaense de Energia - COPEL and TXNM Energy, Inc. Just below it: Enel Chile S.A., Portland General Electric Company and NorthWestern Energy Group, Inc. ### Utilities - Regulated Electric companies close in size

1. [IDACORP, Inc.](https://www.sectoralpha.in/us/stocks/ida) $8.5 billion
2. [Companhia Paranaense de Energia - COPEL](https://www.sectoralpha.in/us/stocks/elpc) $7.6 billion
3. [TXNM Energy, Inc.](https://www.sectoralpha.in/us/stocks/txnm) $6.4 billion
4. Companhia Energética de Minas Gerais - CEMIG $6.2 billion
5. [Enel Chile S.A.](https://www.sectoralpha.in/us/stocks/enic) $5.9 billion
6. [Portland General Electric Company](https://www.sectoralpha.in/us/stocks/por) $5.4 billion
7. [NorthWestern Energy Group, Inc.](https://www.sectoralpha.in/us/stocks/nwe) $4.9 billion

[All 40 Utilities - Regulated Electric companies, largest first](https://www.sectoralpha.in/us/sectors/utilities-regulated-electric#all-companies)

### Companies close in size in other industries

1. [H&R Block, Inc.](https://www.sectoralpha.in/us/stocks/hrb) $6.4 billion · Personal Services
2. [Rhythm Pharmaceuticals, Inc.](https://www.sectoralpha.in/us/stocks/rytm) $6.4 billion · Biotechnology
3. Companhia Energética de Minas Gerais - CEMIG $6.4 billion
4. [Open Text Corporation](https://www.sectoralpha.in/us/stocks/otex) $6.4 billion · Software - Application
5. [ExlService Holdings, Inc.](https://www.sectoralpha.in/us/stocks/exls) $6.4 billion · Information Technology Services

## What else do people ask about Companhia Energética de Minas Gerais - CEMIG? ### What were Companhia Energética de Minas Gerais - CEMIG's latest quarterly results? Companhia Energética de Minas Gerais - CEMIG reported revenue of BRL 11.2 B and net profit of BRL 945 M for the Jun 2026 quarter. Revenue rose 3.4% and profit fell 20.4% compared with a year earlier. The operating margin was 15.6%, 0.6 percentage points higher than a year earlier (as of 3 November 2026). ### What is Companhia Energética de Minas Gerais - CEMIG's market cap? Companhia Energética de Minas Gerais - CEMIG's market capitalisation is $6.2 B at a stock price of $1.79. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Companhia Energética de Minas Gerais - CEMIG performing? Companhia Energética de Minas Gerais - CEMIG's share price has been moving sideways for 2 weeks. In its latest quarter, revenue rose 3.4% and profit fell 20.4% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 2 weeks running (as of 3 November 2026). ### Will Companhia Energética de Minas Gerais - CEMIG's stock price go up? This page does not forecast Companhia Energética de Minas Gerais - CEMIG's stock price. What it shows instead: the stock price is $1.79, and it has been moving sideways for 2 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Companhia Energética de Minas Gerais - CEMIG in its business cycle? Companhia Energética de Minas Gerais - CEMIG's FY25 operating margin was 14.9%, against a 5-year range of 14.0% to 17.8%: the low end of its own range, which is often where recoveries start. The latest quarter was 15.6%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Companhia Energética de Minas Gerais - CEMIG story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Companhia Energética de Minas Gerais - CEMIG a stock worth studying right now? What the numbers show: Companhia Energética de Minas Gerais - CEMIG's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.