Companhia Energética de Minas Gerais - CEMIG (CIG) Fair Value 2026

CIG · Utilities - Regulated Electric ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

8.5 /10

32 fundamental signals · 10 models active

Value Trap Risk

SAFE (18/100)

Quick Summary — As of 2026-08-28, Companhia Energética de Minas Gerais - CEMIG (CIG) trades at $1.99, versus a $5.25 median fair value across its 10 active models — 163.8% above the current price. QOC: 8.5/10. Value Trap Risk: 18/100 (SAFE). 10/13 models active. Within that set, the Bayesian DCF component alone returns $8.11.

Key Facts

Ticker
CIG
Price
$1.99
Quality Score
8.5/10
Value Trap Risk
18/100
Models Active
10/13
Last Updated
Strength: Bayesian DCF suggests +307.7% upside with 41% confidence
Risk: Limited model coverage (10/13) may reduce confidence

Is Companhia Energética de Minas Gerais - CEMIG (CIG) Undervalued or Overvalued in 2026?

According to CirclFi’s 10-model valuation engine, Companhia Energética de Minas Gerais - CEMIG (CIG) appears undervalued as of : the median of 10 independent fair value estimates is $5.25, 163.8% above the current price of $1.99. Estimates range from $2.05 to $9.00. CIG scores 8.5/10 on fundamental quality and 18/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.4% versus its own 13-model consensus, across 3,809 rated companies as of 2026-08-28. CIG’s +163.8% gap is wider than that market norm, and the Utilities - Regulated Electric sector median is -25.4%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Companhia Energética de Minas Gerais - CEMIG Stock in 2026? →

What Fair Value Does Each Model Give CIG?

10 Intrinsic Value Models vs. Current Price ($1.99)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · Medium Conviction
 $8.11 +307.7%
Intrinsic · Medium Conviction
 $5.00 +151.2%
Ensemble · Low Conviction
 $5.50 +176.5%
Intrinsic · Medium Conviction
 $3.62 +82.0%
Unlock the Full Matrix

Access 6 additional models including Markov DDM, ML-RIV, and more.

$1.30 / day

Billed monthly ($39/mo) or annually ($299/yr)

Unlock All 10 Models →

Cancel anytime · No contracts · Instant access

What Is CIG's Fair Value Range?

Spread across 10 independent models · $2.05 to $9.00

CirclFi's 10 active models place Companhia Energética de Minas Gerais - CEMIG (CIG) between $2.05 and $9.00 per share, a spread of 132% of the median. The median of that range — $5.25 — is the fair value CirclFi publishes for CIG, against a current price of $1.99.

Low · Regime CrossHigh · Sentiment SOTP
$2.05median $5.25$9.00
Where the range comes from
Most bearish modelRegime Cross-Sectional$2.05
Most bullish modelSentiment SOTP$9.00
Model agreement9 bullish · 0 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for CIG. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on CIG, not a CirclFi price target. How each model works →

What Is Companhia Energética de Minas Gerais - CEMIG (CIG) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Companhia Energética de Minas Gerais - CEMIG's intrinsic value is estimated at a median fair value of $5.25. At a current market price of $1.99, 9 of 10 active valuation models identify upside potential, projecting a median implied return of +163.8%. Notably, Sentiment SOTP sees the most upside at +352.3% (fair value: $9.00), while Regime Cross is the most conservative at +2.9% ($2.05). The spread between these extremes — +349.5% — reveals how different analytical frameworks can reach starkly different conclusions.

What Do the Models Say About CIG?

10 of 13 models are currently active for CIG. All 10 active models suggest the stock trades below fair value. Taken together, their median fair value for CIG is $5.25 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $8.11 on its own, implying +307.7% upside from the current price. See which stocks rank higher →

How Does CIG Rank in Utilities - Regulated Electric?

Among 40 Utilities - Regulated Electric stocks, CIG ranks #1 by Quality of Company score. CirclFi's QOC score of 8.5/10 evaluates 32 fundamental signals. A score of 8.5 places CIG in the top tier.

As a regulated utility, Companhia Energética de Minas Gerais - CEMIG operates in a sector where earned vs. allowed ROE is a critical driver of valuation. Investors evaluating CIG should weigh these sector-specific dynamics alongside our model-derived fair values.

Is CIG a Value Trap?

CirclFi's Value Trap algorithm assigns CIG a score of 18/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

10 of 13 models are active for Companhia Energética de Minas Gerais - CEMIG. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Quality of Company (QOC) framework, which evaluates 32 signals including margin stability, revenue growth trajectory, leverage, and free cash flow generation, Companhia Energética de Minas Gerais - CEMIG is rated at 8.5/10. This strong-tier score demonstrates strong fundamentals across the majority of our quality signals.

The gap between the most bullish and bearish model spans +349.5% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every CIG valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across CIG's 10 active models, average confidence is 31%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Companhia Energética de Minas Gerais - CEMIG Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Utilities - Regulated Electric Stocks Should You Also Analyze?

9 related Utilities - Regulated Electric stocks with 13-model coverage

IMSRTerrestrial Energy Inc.QOC 5.1GNEGenie Energy Ltd.QOC 8.4NKLRTerra Innovatum Global N.V.QOC 5.3EDConsolidated Edison, Inc.QOC 8.2NWENorthWestern Energy Group, Inc.QOC 6.2CEPUCentral Puerto S.A.QOC 8.1ELPCCompanhia Paranaense de EnergiaQOC 7.5FTSFortis Inc.QOC 7.2HEHawaiian Electric Industries, Inc.QOC 6.9

Read investment analysis: IMSR · GNE · NKLR · ED · NWE · CEPU · ELPC · FTS · HE

Which Other Stocks Have a Similar Quality Score to CIG?

7 companies across all industries closest to CIG’s Quality of Company score of 8.5/10.

STNStantec Inc.QOC 8.5INVHInvitation Homes Inc.QOC 8.5AXONAxon Enterprise, Inc.QOC 8.5RVRFRiver Financial CorporationQOC 8.5HBTHBT Financial, Inc.QOC 8.5CSCOCisco Systems, Inc.QOC 8.5NVDANVIDIA CorporationQOC 10.0

Read investment analysis: STN · INVH · AXON · RVRF · HBT · CSCO · NVDA

What Else Do Investors Ask About Companhia Energética de Minas Gerais - CEMIG’s Valuation?

What is Companhia Energética de Minas Gerais - CEMIG's intrinsic value in 2026?

CirclFi puts Companhia Energética de Minas Gerais - CEMIG (CIG)'s intrinsic value at $5.25 — the median of 10 independent model estimates as of 2026-08-28, ranging from $2.05 to $9.00. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $8.11 on its own. The Quality of Company score is 8.5/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is CIG overvalued or undervalued right now?

At $1.99, 10 of 10 active models suggest CIG may be undervalued, while 0 indicate potential overvaluation. The median of all 10 fair value estimates is $5.25, 163.8% above the current price of $1.99 — a consensus view that CIG is undervalued. The assessment depends on which methodology best fits Companhia Energética de Minas Gerais - CEMIG's business model in Utilities - Regulated Electric.

What does a Quality of Company score of 8.5 mean for CIG?

Companhia Energética de Minas Gerais - CEMIG's QOC of 8.5/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on CIG?

CirclFi analyzes CIG with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 10 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on CIG?

Of the 10 models currently active on CIG, Sentiment SOTP is the most bullish at $9.00 per share, and Regime Cross-Sectional is the most bearish at $2.05. CirclFi's published fair value for CIG is the median of that range, $5.25, not either extreme. The gap between the two ends equals 132% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is CIG a value trap in 2026?

Companhia Energética de Minas Gerais - CEMIG's Value Trap score is 18/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 10-model valuation engine, Companhia Energética de Minas Gerais - CEMIG (CIG) has a median fair value of $5.25 — 163.8% above the current price of $1.99 — as of 2026-08-28.” Source: circlfi.com/stock/CIG/ · Methodology
Primary sources for this CIG valuation

Market data for CIG as of ; valuations recomputed .

You’ve done the research. Don’t stop at half the picture.

Stop collecting opinions. Let 10 mathematical frameworks give you clarity on CIG.

Unlock All 10 Fair Values — $39/mo

Cancel anytime · Less than a cup of coffee · Instant access

6 models hidden for CIG Unlock All 10 — $39/mo