B3 · BRL

CGAS3

Companhia de Gas de Sao Paulo - COMGAS

R$124.99+0.31% (R$0.39)Updated 9/30/26, 6:31 PM

Day's range: R$124.99 – R$125.00
Day's volume: R$25K
52-week range: R$114.01 – R$144.97

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CGAS3 in numbers

Market cap: R$16.5B

P/E: 10.80

P/B: 10.36

Dividend yield (12m): 9.69%

Net debt/EBITDA: 4.47

The 12-month dividend yield of CGAS3 is 9.69%, above its 5-year average of 9.18%.

CGAS3 price history

10/01/202509/29/2026

Compare with

CGAS3 risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+9.84%	+34.90%	+39.24%
Volatility (annualized)	11.82%	26.90%	27.88%
Largest drawdown	-4.62%	-22.39%	-33.58%
Positive months	6/12	17/36	28/60

How much did investing in CGAS3 return?

Amount invested

R$1,000.00 invested on 09/01/2021 would be worth R$1,317.21 today.

Value today in CGAS3: R$1,317.21

Return over the period: +31.72%

Return per year: +5.67%

In the Ibovespa: R$1,657.66

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

CGAS3 fundamentals

Valuation

P/E
10.80
P/B
10.36
EV/EBITDA
8.96
EV/EBIT
11.11
EV/Revenue
3.24
P/EBIT
5.56
P/S
1.62
P/OCF
4.76
P/FCF
13.41
Earnings yield
9.00%
PEG ratio
—
Earnings per share
R$11.57
Book value per share
R$12.07

Debt

Net debt
R$16.4B
Net debt/EBITDA
4.47
Net debt/Equity
10.28
Debt/Equity
10.91
Current ratio
2.34
Quick ratio
2.26
Cash ratio
0.53

Efficiency

Gross margin
34.25%
EBITDA margin
36.21%
Operating margin
29.19%
Net margin
15.11%
Asset turnover
0.65

Profitability

ROE
95.90%
ROA
9.77%
ROIC
12.57%
Payout
104.68%

Growth

Revenue CAGR (5 years)
1.14%
Earnings CAGR (5 years)
-1.63%
Revenue growth (year)
-24.95%
Earnings growth (year)
-13.72%
Revenue growth (quarter)
-28.10%
Earnings growth (quarter)
-4.30%

What is CGAS3's fair price?

Two classic value formulas, with today's numbers. The current price is R$124.99.

Graham's fair price: R$56.05; 55.16% below the price

√(22.50 × R$11.57 × R$12.07)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: R$195.32; 56.27% above the price

R$11.72 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

CGAS3's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	10.30	8.87	11.52	9.51	9.32	20.05	13.85	6.12
P/B	11.05	14.03	9.58	16.68	17.86	39.10	36.45	3.01
EV/EBITDA	8.25	7.62	6.71	8.02	10.21	13.66	10.93	6.21
Dividend yield	7.34%	16.85%	2.84%	10.68%	8.18%	4.82%	18.32%	9.10%
Earnings per share	R$11.67	R$13.53	R$10.63	R$13.67	R$15.99	R$8.68	R$10.32	R$10.11
Book value per share	R$10.88	R$8.56	R$12.78	R$7.79	R$8.34	R$4.45	R$3.92	R$20.53
ROE	107.28%	158.08%	83.15%	175.40%	191.74%	195.00%	263.17%	49.22%
ROIC	13.94%	15.35%	21.56%	24.19%	19.76%	13.31%	16.50%	15.86%
Gross margin	30.20%	21.51%	21.32%	19.82%	30.00%	33.80%	32.71%	28.34%
EBITDA margin	31.73%	24.13%	23.04%	18.50%	25.75%	28.65%	26.41%	31.96%
Net margin	13.34%	11.61%	9.29%	10.40%	18.10%	13.83%	14.37%	19.58%
Net debt/EBITDA	3.92	3.35	2.07	2.67	3.67	3.98	3.39	2.46

CGAS3's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	R$11.6B	R$15.4B	R$15.2B	R$17.4B	R$11.7B	R$8.3B
Cost of revenue	-R$8.1B	-R$12.1B	-R$11.9B	-R$14B	-R$8.2B	-R$5.5B
Gross profit	R$3.5B	R$3.3B	R$3.2B	R$3.5B	R$3.5B	R$2.8B
EBITDA	R$3.7B	R$3.7B	R$3.5B	R$3.2B	R$3B	R$2.4B
EBIT	R$3B	R$3.1B	R$2.9B	R$2.7B	R$2.6B	R$2B
Financial result	-R$896.7M	-R$438.6M	-R$777.1M	-R$610.1M	-R$305.1M	-R$283.5M
Income before tax	R$2.1B	R$2.6B	R$2.1B	R$2.1B	R$2.3B	R$1.7B
Income tax	-R$546.1M	-R$842.4M	-R$730.6M	-R$302.2M	-R$155.1M	-R$569.3M
Net income	R$1.5B	R$1.8B	R$1.4B	R$1.8B	R$2.1B	R$1.2B

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

CGAS3 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

Stock	P/E	P/B	Dividend yield (12m)	ROE	Market cap
CGAS3Cia Gas De Sao Paulo - Comgas	10.80	10.36	9.69%	95.90%	R$16.5B
AXIA3AXIA3	13.39	1.32	3.41%	9.86%	R$159B
AXIA7AXIA7	—	—	0.00%	—	R$159B
SBSP3CIA SANEAMENTO BASICO EST SAO PAULO	12.06	2.15	12.68%	17.80%	R$96.7B
ENEV3ENEVA S.A	56.29	2.66	0.00%	4.73%	R$54.2B
CPFE3CPFL ENERGIA S.A.	8.73	2.31	8.20%	26.43%	R$52.4B
EQTL3EQUATORIAL S.A.	53.42	1.96	3.89%	3.67%	R$51.2B

Does CGAS3 pay dividends?

Dividend yield per year

15.18%2017
9.10%2018
18.32%2019
4.82%2020
8.18%2021
10.68%2022
2.84%2023
16.85%2024
7.34%2025
3.19%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	06/15/2026	06/25/2026	R$2.29
Interest on equity	06/15/2026	06/25/2026	R$1.70
Interest on equity	11/13/2025	11/26/2025	R$2.59
Dividend	11/13/2025	11/26/2025	R$0.37
Dividend	10/16/2025	10/31/2025	R$5.17
Interest on equity	04/16/2025	04/30/2025	R$0.70
Dividend	11/12/2024	11/25/2024	R$3.32
Dividend	08/13/2024	08/30/2024	R$5.91
Dividend	04/02/2024	04/11/2024	R$10.93
Interest on equity	12/27/2023	01/10/2024	R$0.05
Interest on equity	09/26/2023	10/06/2023	R$0.02
Interest on equity	12/29/2022	05/01/2023	R$0.13

See all 88 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Interest on equity	03/31/2023	04/04/2023	R$0.14
Dividend	03/24/2023	04/04/2023	R$2.95
Interest on equity	03/24/2023	04/04/2023	R$0.13
Interest on equity	12/26/2022	01/05/2023	R$0.12
Dividend	11/03/2022	11/14/2022	R$8.49
Interest on equity	09/23/2022	10/04/2022	R$0.15
Interest on equity	06/24/2022	07/05/2022	R$0.07
Interest on equity	03/24/2022	04/04/2022	R$0.12
Dividend	03/24/2022	04/04/2022	R$4.29
Dividend	03/24/2022	04/04/2022	R$0.76
Dividend	12/09/2021	12/20/2021	R$10.86
Interest on equity	12/09/2021	12/20/2021	R$0.22
Dividend	02/05/2021	02/17/2021	R$0.83
Dividend	02/05/2021	02/17/2021	R$0.28
Interest on equity	12/09/2020	12/18/2020	R$0.21
Dividend	12/09/2020	12/18/2020	R$7.18
Dividend	01/31/2020	02/10/2020	R$1.00
Other	12/09/2019	12/27/2019	R$11.32
Dividend	12/09/2019	12/27/2019	R$13.55
Interest on equity	12/09/2019	12/27/2019	R$1.22
Interest on equity	01/04/2019	01/17/2019	R$0.08
Interest on equity	12/05/2018	12/18/2018	R$0.97
Dividend	11/09/2018	11/23/2018	R$3.39
Interest on equity	12/26/2017	01/08/2018	R$1.27
Dividend	11/10/2017	11/23/2017	R$5.27
Dividend	02/20/2017	03/03/2017	R$3.08
Interest on equity	12/20/2016	12/29/2016	R$1.27
Dividend	02/18/2016	02/26/2016	R$7.80
Dividend	02/18/2016	02/26/2016	R$1.67
Interest on equity	12/17/2015	12/29/2015	R$1.44
Dividend	12/17/2015	12/29/2015	R$1.07
Interest on equity	12/11/2014	12/30/2014	R$1.16
Dividend	04/28/2014	05/19/2014	R$0.40
Interest on equity	12/11/2013	05/19/2014	R$0.92
Dividend	12/04/2012	12/27/2012	R$1.05
Interest on equity	12/04/2012	12/27/2012	R$0.58
Interest on equity	11/16/2011	12/15/2011	R$0.09
Dividend	04/28/2011	11/30/2011	R$0.98
Dividend	04/28/2011	08/31/2011	R$1.06
Interest on equity	06/28/2011	06/30/2011	R$0.31
Dividend	04/29/2011	05/31/2011	R$0.68
Dividend	10/25/2010	12/17/2010	R$0.41
Interest on equity	10/25/2010	11/30/2010	R$0.08
Dividend	04/27/2010	11/30/2010	R$0.82
Interest on equity	08/27/2010	09/30/2010	R$0.08
Dividend	04/27/2010	08/31/2010	R$0.90
Interest on equity	06/30/2010	07/30/2010	R$0.28
Interest on equity	12/30/2009	01/29/2010	R$0.03
Dividend	04/23/2009	11/30/2009	R$0.41
Dividend	04/23/2009	08/31/2009	R$0.41
Dividend	04/23/2009	06/30/2009	R$0.82
Dividend	04/10/2008	08/22/2008	R$0.51
Dividend	04/10/2008	08/22/2008	R$1.23
Dividend	10/16/2007	11/26/2007	R$0.40
Dividend	04/26/2007	11/26/2007	R$4.86
Dividend	04/26/2007	11/26/2007	R$9.80
Dividend	08/09/2007	08/27/2007	R$3.76
Dividend	11/16/2006	11/30/2006	R$14.54
Dividend	04/28/2006	05/15/2006	R$12.43
Dividend	11/28/2005	12/13/2005	R$4.08
Dividend	09/12/2005	09/23/2005	R$8.17
Dividend	04/25/2005	05/17/2005	R$12.54
Dividend	04/29/2004	05/17/2004	R$2.08
Dividend	04/25/2003	05/13/2003	R$2.17
Dividend	04/26/2002	05/15/2002	R$1.30
Dividend	04/26/2001	05/14/2001	R$0.86
Dividend	04/27/1998	06/26/1998	R$0.16
Dividend	04/30/2015	—	R$0.15
Dividend	04/30/2015	—	R$2.48
Interest on equity	12/15/2011	—	R$0.04
Interest on equity	10/27/2011	—	R$0.13
Dividend	04/28/2011	—	R$0.38
Interest on equity	12/16/2010	—	R$0.07
Dividend	04/27/2010	—	R$0.63
Dividend	03/29/2010	—	R$0.23
Interest on equity	12/08/2009	—	R$0.53

Splits, reverse splits and bonus shares
Event	Last day to own	Ratio
Reverse split	10/01/2007	1 for 100

About Cia Gas De Sao Paulo - Comgas

Sector: Energia
Segment: Gás
Listing segment: Traditional
Tag along: 80.00%
Free float: 0.86%
Shares issued: 103.86M common · 28.66M preferred
Average daily trading: R$25.1K
Listed since: 09/11/1997
CNPJ: 61.856.571/0001-17

A Companhia de Gás de São Paulo (Comgás), listada na B3 sob o ticker CGAS3, é uma concessionária de distribuição de gás natural canalizado no estado de São Paulo. A empresa atende segmentos residencial, comercial, industrial e automotivo, com rede extensa em regiões de alta densidade econômica e participação relevante no mercado brasileiro de gás distribuído. A operação depende de investimentos contínuos em expansão e segurança da malha de distribuição, além de equilíbrio entre custo de suprimento, demanda dos clientes e regras tarifárias. O resultado é sensível ao nível de atividade industrial e ao consumo térmico em diferentes setores. Controlada pela Compass/Cosan, a companhia mantém rotina de divulgação de resultados, eventos societários e indicadores operacionais para investidores e reguladores.

Investor website

ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
Shareholder	Common	Preferred	Total
Compass Gás e Energia S.A.Controlling	99.84%	96.60%	99.14%
Outros	0.16%	3.41%	0.86%

Questions about CGAS3

How much is CGAS3 today?

CGAS3 is at R$124.99 (0.31% on the day), last traded on 09/30/2026.

How much did CGAS3 pay in dividends in 2025?

CGAS3 paid R$8.82 per share in 2025, a dividend yield of 7.34%.

What are the P/E and P/B of CGAS3?

CGAS3 trades at a P/E of 10.80 and a P/B of 10.36.

How much did CGAS3 return in 12 months?

CGAS3 returned 9.84% in 12 months, with annualized volatility of 11.82% and a largest drawdown of -4.62%.

What sector is CGAS3 in?

Cia Gas De Sao Paulo - Comgas is in the Energia sector, Gás segment.