TIMB vs. SBS

Last updated Apr 1, 2026

Compare and contrast key facts about TIM S.A. (TIMB) and Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS).

Performance

TIMB vs. SBS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TIM S.A. (TIMB) and Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS). The values are adjusted to include any dividend payments, if applicable.

TIMB vs. SBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TIMB TIM S.A.	37.03%	86.96%	-33.24%	68.57%	4.05%	-13.46%	25.06%
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP	28.84%	80.60%	-4.21%	46.89%	48.42%	-13.79%	7.51%

Fundamentals

Market Cap TIMB : $12.70B SBS : $20.88B
EPS TIMB : $8.94 SBS : $12.14
PE Ratio TIMB : 2.96 SBS : 2.51
PEG Ratio TIMB : 0.18 SBS : 0.05
PS Ratio TIMB : 0.48 SBS : 0.56
PB Ratio TIMB : 0.53 SBS : 0.49
Total Revenue (TTM) TIMB : $26.62B SBS : $37.34B
Gross Profit (TTM) TIMB : $14.36B SBS : $13.68B
EBITDA (TTM) TIMB : $12.58B SBS : $14.20B

Returns By Period

In the year-to-date period, TIMB achieves a 37.03% return, which is significantly higher than SBS's 28.84% return.

TIMB

• 1D: 4.00%
• 1M: -3.01%
• YTD: 37.03%
• 6M: 29.10%
• 1Y: 91.59%
• 3Y*: 39.55%
• 5Y*: 27.23%
• 10Y*: —

SBS

• 1D: 3.67%
• 1M: 2.39%
• YTD: 28.84%
• 6M: 29.57%
• 1Y: 86.69%
• 3Y*: 51.63%
• 5Y*: 37.85%
• 10Y*: 19.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

TIMB vs. SBS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TIMB

TIMB Risk / Return Rank: 95
TIMB Sharpe Ratio Rank: 96
TIMB Sortino Ratio Rank: 95
TIMB Omega Ratio Rank: 93
TIMB Calmar Ratio Rank: 96
TIMB Martin Ratio Rank: 95

SBS

SBS Risk / Return Rank: 94
SBS Sharpe Ratio Rank: 95
SBS Sortino Ratio Rank: 93
SBS Omega Ratio Rank: 91
SBS Calmar Ratio Rank: 96
SBS Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TIMB vs. SBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TIM S.A. (TIMB) and Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TIMB	SBS	Difference
Sharpe ratio Return per unit of total volatility	2.89	2.62	+0.26
Sortino ratio Return per unit of downside risk	3.46	3.26	+0.20
Omega ratio Gain probability vs. loss probability	1.44	1.41	+0.03
Calmar ratio Return relative to maximum drawdown	6.04	6.38	-0.34
Martin ratio Return relative to average drawdown	16.54	16.30	+0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TIMB vs. SBS - Sharpe Ratio Comparison

The current TIMB Sharpe Ratio is 2.89, which is comparable to the SBS Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of TIMB and SBS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TIMB	SBS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.89	2.62	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	1.03	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.37	+0.39

Correlation

The correlation between TIMB and SBS is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TIMB vs. SBS - Dividend Comparison

TIMB's dividend yield for the trailing twelve months is around 8.89%, more than SBS's 4.17% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TIMB TIM S.A.	8.89%	11.67%	6.03%	4.98%	4.05%	3.43%	3.05%	0.00%	0.00%	0.00%	0.00%	0.00%
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP	4.17%	4.68%	1.96%	1.66%	1.88%	0.97%	2.93%	1.99%	3.86%	2.76%	0.65%	1.91%

Drawdowns

TIMB vs. SBS - Drawdown Comparison

The maximum TIMB drawdown since its inception was -37.08%, smaller than the maximum SBS drawdown of -76.49%. Use the drawdown chart below to compare losses from any high point for TIMB and SBS.

Drawdown Indicators

	TIMB	SBS	Difference
Max Drawdown Largest peak-to-trough decline	-37.08%	-76.49%	+39.41%
Max Drawdown (1Y) Largest decline over 1 year	-15.61%	-13.39%	-2.22%
Max Drawdown (5Y) Largest decline over 5 years	-37.08%	-30.35%	-6.73%
Max Drawdown (10Y) Largest decline over 10 years	—	-61.91%	—
Current Drawdown Current decline from peak	-3.08%	0.00%	-3.08%
Average Drawdown Average peak-to-trough decline	-12.13%	-25.83%	+13.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.70%	5.24%	+0.46%

Volatility

TIMB vs. SBS - Volatility Comparison

The current volatility for TIM S.A. (TIMB) is 11.82%, while Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) has a volatility of 14.20%. This indicates that TIMB experiences smaller price fluctuations and is considered to be less risky than SBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIMB	SBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.82%	14.20%	-2.38%
Volatility (6M) Calculated over the trailing 6-month period	23.45%	23.58%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	31.91%	33.23%	-1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.35%	37.08%	-5.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.99%	43.62%	-11.63%

Financials

TIMB vs. SBS - Profitability Comparison

The chart below illustrates the profitability comparison between TIM S.A. and Companhia de Saneamento Básico do Estado de São Paulo - SABESP over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TIMB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, TIM S.A. reported a gross profit of 3.85B and revenue of 6.92B. Therefore, the gross margin over that period was 55.6%.

SBS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported a gross profit of 3.42B and revenue of 10.53B. Therefore, the gross margin over that period was 32.5%.

TIMB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, TIM S.A. reported an operating income of 1.91B and revenue of 6.92B, resulting in an operating margin of 27.6%.

SBS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported an operating income of 3.30B and revenue of 10.53B, resulting in an operating margin of 31.4%.

TIMB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, TIM S.A. reported a net income of 1.33B and revenue of 6.92B, resulting in a net margin of 19.2%.

SBS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported a net income of 2.52B and revenue of 10.53B, resulting in a net margin of 23.9%.