CPFL Energia S.A (CPFE3) — Tangible Net Worth Ratio
CPFL Energia S.A (CPFE3) has a Tangible Net Worth Ratio of -52.9% as of June 2026. This metric is calculated by deducting intangible assets (R$36.20 Billion) from net assets (R$23.67 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore CPFE3 net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
CPFL Energia S.A Tangible Net Worth Ratio (2002–2025)
This chart shows how CPFL Energia S.A's Tangible Net Worth Ratio has changed across 24 annual periods from 2002 to 2025. As of June 2026, the ratio stands at -52.9%, reflecting net assets of R$23.67 Billion with intangible assets of R$36.20 Billion BRL. For live market cap and overall valuation, see market cap of CPFL Energia S.A.
Annual Tangible Net Worth Ratio for CPFL Energia S.A (2002–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for CPFL Energia S.A from 2002 to 2025, covering 24 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore CPFE3 capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (BRL) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 70.7% | R$23.50 Billion | R$6.89 Billion | R$81.10 Billion | ▲ +6.6 pp |
| 2024 | 64.1% | R$21.80 Billion | R$7.82 Billion | R$77.13 Billion | ▲ +9.0 pp |
| 2023 | 55.2% | R$20.00 Billion | R$8.97 Billion | R$74.97 Billion | ▲ +9.2 pp |
| 2022 | 46.0% | R$17.54 Billion | R$9.47 Billion | R$71.15 Billion | ▲ +3.5 pp |
| 2021 | 42.5% | R$16.81 Billion | R$9.67 Billion | R$66.12 Billion | ▲ +5.4 pp |
| 2020 | 37.0% | R$14.24 Billion | R$8.96 Billion | R$49.11 Billion | ▲ +7.2 pp |
| 2019 | 29.9% | R$13.28 Billion | R$9.31 Billion | R$44.08 Billion | ▲ +5.3 pp |
| 2018 | 24.5% | R$12.53 Billion | R$9.46 Billion | R$42.21 Billion | ▲ +19.2 pp |
| 2017 | 5.4% | R$11.19 Billion | R$10.58 Billion | R$41.28 Billion | ▲ +9.2 pp |
| 2016 | -3.8% | R$10.37 Billion | R$10.77 Billion | R$42.17 Billion | ▼ -13.0 pp |
| 2015 | 9.1% | R$10.13 Billion | R$9.20 Billion | R$40.53 Billion | ▲ +6.5 pp |
| 2014 | 2.6% | R$9.40 Billion | R$9.15 Billion | R$35.14 Billion | ▲ +2.0 pp |
| 2013 | 0.6% | R$8.80 Billion | R$8.74 Billion | R$31.04 Billion | ▲ +16.9 pp |
| 2012 | -16.3% | R$7.89 Billion | R$9.17 Billion | R$28.92 Billion | ▼ -16.5 pp |
| 2011 | 0.3% | R$8.55 Billion | R$8.53 Billion | R$27.41 Billion | ▼ -2.3 pp |
| 2010 | 2.5% | R$6.75 Billion | R$6.58 Billion | R$20.06 Billion | ▼ -4.8 pp |
| 2009 | 7.3% | R$6.54 Billion | R$6.06 Billion | R$18.49 Billion | ▼ -39.8 pp |
| 2008 | 47.1% | R$5.11 Billion | R$2.70 Billion | R$16.24 Billion | ▼ -50.2 pp |
| 2007 | 97.3% | R$5.04 Billion | R$136.40 Million | R$15.59 Billion | ▼ 0.0 pp |
| 2006 | 97.3% | R$4.86 Billion | R$131.35 Million | R$14.01 Billion | ▲ +35.1 pp |
| 2005 | 62.2% | R$4.79 Billion | R$1.81 Billion | R$13.68 Billion | ▲ +0.5 pp |
| 2004 | 61.7% | R$4.16 Billion | R$1.59 Billion | R$12.66 Billion | ▲ +1.9 pp |
| 2003 | 59.8% | R$3.57 Billion | R$1.43 Billion | R$11.99 Billion | ▲ +28.8 pp |
| 2002 | 31.0% | R$2.31 Billion | R$1.60 Billion | R$12.42 Billion | — |