B3 · BRL

CPLE3

Companhia Paranaense de Energia

R$16.00+1.59% (R$0.25)
Day's range
R$15.82 – R$16.07
Day's volume
R$309.2M
52-week range
R$11.42 – R$17.13

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CPLE3 in numbers

Market cap
R$47.7B
P/E
1.40
P/B
0.18
Dividend yield (12m)
6.64%
Net debt/EBITDA
5.63

The 12-month dividend yield of CPLE3 is 6.64%, below its 5-year average of 19.11%.

CPLE3 price history

10/01/202509/30/2026
Compare with

CPLE3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+32.25%+130.43%+299.31%
Volatility (annualized)18.07%19.07%23.16%
Largest drawdown-8.43%-13.81%-16.91%
Positive months9/1224/3637/60

How much did investing in CPLE3 return?

R$1,000.00 invested on 09/01/2021 would be worth R$3,408.17 today.

Value today in CPLE3
R$3,408.17
Return over the period
+240.82%
Return per year
+27.80%
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.

CPLE3 fundamentals

Valuation

  • P/E
    1.40
  • P/B
    0.18
  • EV/EBITDA
    12.34
  • EV/EBIT
    15.85
  • EV/Revenue
    3.13
  • P/EBIT
    8.62
  • P/S
    1.71
  • P/OCF
    24.36
  • P/FCF
    35.38
  • Earnings yield
    6.31%
  • PEG ratio
    0.46
  • Earnings per share
    R$11.45
  • Book value per share
    R$88.17

Debt

  • Net debt
    R$40B
  • Net debt/EBITDA
    5.63
  • Net debt/Equity
    1.66
  • Debt/Equity
    1.79
  • Current ratio
    1.30
  • Quick ratio
    1.28
  • Cash ratio
    0.39

Efficiency

  • Gross margin
    23.44%
  • EBITDA margin
    25.40%
  • Operating margin
    19.78%
  • Net margin
    11.40%
  • Asset turnover
    0.45

Profitability

  • ROE
    12.99%
  • ROA
    5.18%
  • ROIC
    7.34%
  • Payout
    9.28%

Growth

  • Revenue CAGR (5 years)
    6.71%
  • Earnings CAGR (5 years)
    -2.29%
  • Revenue growth (year)
    15.30%
  • Earnings growth (year)
    -4.31%
  • Revenue growth (quarter)
    17.23%
  • Earnings growth (quarter)
    2.97%

What is CPLE3's fair price?

Two classic value formulas, with today's numbers. The current price is R$16.00.

Graham's fair price
R$150.73
842.08% above the price

√(22.50 × R$11.45 × R$88.17)

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$21.27
32.95% above the price

R$1.28 (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.

CPLE3's indicators by year

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

Indicator20252024202320222021202020192018
P/E14.518.7512.5316.913.3849.069.505.80
P/B1.690.961.170.890.769.461.070.50
EV/EBITDA11.119.099.318.635.0938.968.398.01
Dividend yield3.05%6.61%2.87%11.28%71.74%32.03%19.10%33.83%
Earnings per shareR$0.90R$0.94R$0.76R$0.41R$1.81R$1.43R$7.27R$5.14
Book value per shareR$7.74R$8.59R$8.11R$7.72R$8.10R$7.40R$64.31R$59.70
ROE11.64%10.96%9.34%5.26%22.33%19.28%11.31%8.61%
ROIC7.32%6.28%7.35%7.53%10.62%9.44%7.03%5.30%
Gross margin21.68%21.59%22.80%22.80%20.28%28.37%27.60%22.99%
EBITDA margin24.99%24.41%23.64%19.23%27.22%28.25%26.38%21.05%
Net margin10.29%12.40%10.52%5.07%20.65%20.95%12.25%9.42%
Net debt/EBITDA5.144.653.734.172.522.563.985.41

CPLE3's financial statements

Line202520242023202220212020
Net revenueR$26.1BR$22.7BR$21.5BR$21.9BR$24BR$18.6B
Cost of revenue-R$20.5B-R$17.8B-R$16.6B-R$16.9B-R$19.1B-R$13.3B
Gross profitR$5.7BR$4.9BR$4.9BR$5BR$4.9BR$5.3B
EBITDAR$6.5BR$5.5BR$5.1BR$4.2BR$6.5BR$5.3B
EBITR$5BR$4.1BR$3.7BR$2.9BR$5.4BR$4.3B
Financial result-R$1.8B-R$1.2B-R$1.2B-R$2B-R$327.4MR$866.3M
Income before taxR$3.2BR$2.9BR$2.5BR$950.2MR$5.1BR$5.1B
Income tax-R$577.6M-R$599.4M-R$354.1MR$199.1M-R$1.3B-R$1.3B
Net incomeR$2.7BR$2.8BR$2.3BR$1.1BR$5BR$3.9B

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

CPLE3 against its sector

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

StockP/EP/BDividend yield (12m)ROEMarket cap
CPLE3Cia Paranaense De Energia - Copel1.400.186.64%12.99%R$47.7B
AXIA3AXIA313.391.323.41%9.86%R$159B
AXIA7AXIA7——0.00%—R$159B
SBSP3CIA SANEAMENTO BASICO EST SAO PAULO12.062.1512.68%17.80%R$96.7B
ENEV3ENEVA S.A56.292.660.00%4.73%R$54.2B
CPFE3CPFL ENERGIA S.A.8.732.318.20%26.43%R$52.4B
EQTL3EQUATORIAL S.A.53.421.963.89%3.67%R$51.2B

Does CPLE3 pay dividends?

Dividend yield per year

  • 82.46%2017
  • 33.83%2018
  • 19.10%2019
  • 32.03%2020
  • 71.74%2021
  • 11.28%2022
  • 2.87%2023
  • 6.61%2024
  • 3.05%2025
  • 6.64%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity04/29/202609/30/2026R$0.24
Dividend12/30/202506/30/2026R$0.45
Interest on equity12/30/202501/19/2026R$0.37
Dividend04/24/202505/15/2025R$0.40
Interest on equity12/11/202412/23/2024R$0.19
Dividend09/30/202411/29/2024R$0.06
Interest on equity09/30/202411/29/2024R$0.09
Dividend04/22/202406/28/2024R$0.04
Interest on equity09/29/202306/28/2024R$0.16
Interest on equity09/29/202311/30/2023R$0.15
Interest on equity11/21/202206/30/2023R$0.13
Interest on equity11/21/202211/30/2022R$0.21
See all 69 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend04/29/202206/30/2022R$0.47
Interest on equity12/30/202106/30/2022R$0.10
Interest on equity09/30/202111/30/2021R$0.08
Dividend09/30/202111/30/2021R$0.41
Dividend04/29/202108/11/2021R$0.07
Dividend03/31/202108/11/2021R$0.04
Interest on equity03/31/202108/11/2021R$0.05
Interest on equity12/28/202008/11/2021R$2.82
Dividend03/31/202104/30/2021R$0.48
Interest on equity03/31/202104/30/2021R$0.44
Interest on equity12/23/201909/30/2020R$1.12
Interest on equity12/23/201906/29/2020R$1.12
Dividend04/29/201906/28/2019R$0.34
Interest on equity12/27/201806/28/2019R$0.98
Dividend06/15/201808/14/2018R$0.08
Interest on equity12/28/201708/14/2018R$0.93
Dividend04/28/201712/28/2017R$0.78
Interest on equity04/28/201706/30/2017R$0.99
Interest on equity04/28/201606/27/2016R$0.69
Dividend04/28/201606/27/2016R$0.45
Dividend04/23/201506/22/2015R$0.84
Interest on equity11/06/201411/21/2014R$0.10
Dividend11/06/201411/21/2014R$1.22
Dividend04/24/201405/28/2014R$0.82
Interest on equity11/26/201312/16/2013R$0.63
Dividend11/26/201312/16/2013R$0.51
Dividend04/25/201305/23/2013R$0.46
Interest on equity01/02/201301/15/2013R$0.48
Interest on equity04/26/201205/29/2012R$0.68
Interest on equity08/18/201109/15/2011R$0.79
Interest on equity04/28/201105/23/2011R$0.40
Dividend04/28/201105/23/2011R$0.28
Interest on equity08/20/201009/20/2010R$0.30
Dividend04/27/201005/27/2010R$0.07
Interest on equity04/27/201005/27/2010R$0.22
Interest on equity11/12/200912/07/2009R$0.59
Dividend04/23/200905/29/2009R$0.12
Interest on equity04/23/200905/29/2009R$0.79
Dividend04/17/200805/16/2008R$0.24
Interest on equity04/17/200805/16/2008R$0.70
Interest on equity04/27/200706/26/2007R$0.43
Dividend04/27/200706/26/2007R$0.55
Interest on equity04/27/200606/19/2006R$0.43
Interest on equity04/25/200506/24/2005R$0.33
Interest on equity04/29/200406/15/2004R$0.15
Interest on equity04/30/200206/03/2002R$0.31
Interest on equity10/15/200110/30/2001R$0.28
Interest on equity03/27/200104/27/2001R$0.31
Interest on equity12/11/200012/27/2000R$0.24
Interest on equity03/27/200004/26/2000R$0.38
Interest on equity04/24/2025—R$0.09
Interest on equity04/24/2025—R$0.15
Interest on equity03/25/1999—R$0.48
Interest on equity03/12/1998—R$0.26
Interest on equity11/28/1997—R$0.26
Interest on equity04/25/1997—R$0.48
Dividend04/23/1996—R$0.08
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Split03/11/202110 for 1
Reverse split08/03/20071 for 1000

About Cia Paranaense De Energia - Copel

Sector
Energia
Segment
Energia Elétrica
Listing segment
Novo Mercado
Tag along
100.00%
Free float
99.56%
Shares issued
2.98B common · 1 preferred
Average daily trading
R$251M
Ibovespa weight
1.82%
Listed since
04/12/1994
CNPJ
76.483.817/0001-20

A Companhia Paranaense de Energia (Copel), listada na B3 sob o ticker CPLE3, atua de forma integrada em geração, transmissão, distribuição e comercialização de energia elétrica, com base histórica no estado do Paraná e participações em ativos em outras regiões. A empresa administra portfólio de usinas, redes de transmissão e distribuição e relacionamento com milhões de unidades consumidoras. Nos últimos anos, a companhia passou por reestruturações societárias e mudança relevante de controle acionário, mantendo exposição a temas regulatórios, hidrológicos e de eficiência operacional. O desempenho financeiro depende de tarifas, preços de energia, perdas, inadimplência e execução de investimentos. Como emissora de mercado, divulga resultados periódicos, fatos relevantes e documentos de governança para acompanhamento de investidores.

Investor website
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
BNDES Participações S.A. - BNDESPAR19.77%0.00%19.77%
ESTADO DO PARANÁ15.91%100.00%15.91%
BlackRock Inc5.17%0.00%5.17%
Outros58.72%0.00%58.72%
Ações Tesouraria0.43%0.00%0.43%

Questions about CPLE3

How much is CPLE3 today?

CPLE3 is at R$16.00 (1.59% on the day), last traded on 09/30/2026.

How much did CPLE3 pay in dividends in 2025?

CPLE3 paid R$0.40 per share in 2025, a dividend yield of 3.05%.

What are the P/E and P/B of CPLE3?

CPLE3 trades at a P/E of 1.40 and a P/B of 0.18.

How much did CPLE3 return in 12 months?

CPLE3 returned 32.25% in 12 months, with annualized volatility of 18.07% and a largest drawdown of -8.43%.

What sector is CPLE3 in?

Cia Paranaense De Energia - Copel is in the Energia sector, Energia Elétrica segment.