Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBSP3) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock BRL 39.44, price BRL 27.22, upside +44.9%, quality 53 out of 100. Rating: undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Companhia de Saneamento Básico do Estado de São Paulo - SABESP
SBSP3 · SACheap (31% below fair value), solid company and rising price: meets all 3 rules.
Main risks:
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 12, 2026.
How to read this chart
60‑month range R$5.41 – R$35.21 · fair‑value band R$22.37 – R$51.27 · the R$27.22 price screens below the R$39.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.
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Company profile
Companhia de Saneamento Básico do Estado de São Paulo - SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. It supplies treated water and sewage services on a wholesale basis.
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Companhia de Saneamento Básico do Estado de São Paulo - SABESP was founded in 1954 and is headquartered in São Paulo, Brazil.
Stock analysis
Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBSP3) currently trades at R$27.22, while our model-based Fair Value estimate is R$39.44, implying the stock looks roughly 31% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of R$41.26 per share, and 17 of the 24 models we run sit above the R$27.22 price.
Bear case: the Dividend Discount group reads lowest at R$10.34, and 7 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: R$22.37 (bear) to R$51.27 (bull), the price of R$27.22 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Utilities sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported revenue of R$38.1B in FY2025 versus R$19.5B in FY2021, a compound +18.2%/yr. Reported net income was R$8.5B in FY2025, compounding +38.4%/yr from FY2021.
Key figures
Market cap R$97.7B (≈ $17.2B) Large · P/E ratio 12.7 · P/S ratio 2.24 · EPS (TTM) R$2.14 · Dividend yield 2.4% · Net margin 17.5% · Return on equity 16.3% · Return on assets (EBIT) 11.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (medium confidence).
What moves the price
The share trades about 23% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −42% fair-value upside, at 45%, SBSP3 screens cheaper than that median.
Fair Value models
All 24 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
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Recent news
- Companhia De Saneamento Basico Do Estado De Sao Paulo (SBS) Q3 2026 Earnings Call Highlights: ...
- Companhia De Saneamento Basico Do Estado De Sao Paulo (SBS) (Q2 2026) Earnings Call Highlights: ...
Compare Companhia de Saneamento Básico do Estado de São Paulo - SABESP with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Regulated Water · 66 stocks
Valuation Multiplesvs Utilities - Regulated Water median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Utilities sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EV/EBITDA by industry
- Dividend yield by industry
- PEG screener for stocks with fair value
- Undervalued stocks: Utilities
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Regulated Water stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Grandblue Environment Co 600323 | ¥30.67 | ¥57.09 | +86% | vs SBSP3 |
| Beijing Capital Eco-Environment Protection Group 600008 | ¥2.77 | ¥3.43 | +24% | vs SBSP3 |
| Chengdu Xingrong Environment Co 000598 | ¥7.37 | ¥9.09 | +23% | vs SBSP3 |
| Zhongshan Public Utilities Group 000685 | ¥10.28 | ¥11.03 | +7% | vs SBSP3 |
| Chongqing Water Group 601158 | ¥4.09 | ¥2.39 | −42% | vs SBSP3 |
| Essential Utilities, Inc WTRG | $45.23 | $23.33 | −48% | vs SBSP3 |
| California Water Service Group CWT | $49.53 | $24.60 | −50% | vs SBSP3 |
| H2O America HTO | $60.56 | $27.06 | −55% | vs SBSP3 |
| American States Water Company AWR | $88.80 | $38.77 | −56% | vs SBSP3 |
| American Water Works Company AWK | $149.60 | $64.66 | −57% | vs SBSP3 |
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Key figures of Companhia de Saneamento Básico do Estado de São Paulo - SABESP
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