Shin HsiungNatural Gas (ROCO:8908) Gross Margin %: 12.24% (As of Dec. 2025) — 21% Above Median


ROCO:8908 Shin HsiungNatural Gas Inc ROCO:8908
80 GF Score
Price NT$41.55
GF Value NT$77.00
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Shin HsiungNatural Gas Gross Margin %?

Shin HsiungNatural Gas ROCO:8908 -0.83% 80 Gross Margin % is 12.24% as of Dec. 2025, which is 21% above its 10-year median of 10.09. GuruFocus rates ROCO:8908 with a GF Score™ of 80/100 and a GF Value™ of NT$77.00 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 489 Utilities - Regulated companies, Shin HsiungNatural Gas ranks worse than 88.55% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Shin HsiungNatural Gas's Gross Profit for the three months ended in Dec. 2025 was NT$305 Mil. Shin HsiungNatural Gas's Revenue for the three months ended in Dec. 2025 was NT$2,493 Mil. Therefore, Shin HsiungNatural Gas's Gross Margin % for the quarter that ended in Dec. 2025 was 12.24%.


The historical rank and industry rank for Shin HsiungNatural Gas's Gross Margin % or its related term are showing as below:

ROCO:8908' s Gross Margin % Range Over the Past 10 Years
Min: 7.36   Med: 10.09   Max: 12.35
Current: 10.54


During the past 13 years, the highest Gross Margin % of Shin HsiungNatural Gas was 12.35%. The lowest was 7.36%. And the median was 10.09%.

ROCO:8908's Gross Margin % is ranked worse than
88.55% of 489 companies
in the Utilities - Regulated industry
Industry Median: 31.04 vs ROCO:8908: 10.54

Shin HsiungNatural Gas had a gross margin of 12.24% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Shin HsiungNatural Gas was 1.30% per year.


Shin HsiungNatural Gas  (ROCO:8908) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Shin HsiungNatural Gas had a gross margin of 12.24% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Shin HsiungNatural Gas Gross Margin % Related Terms


Shin HsiungNatural Gas Gross Margin % Historical Data

* Premium members only.

The historical data trend for Shin HsiungNatural Gas's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shin HsiungNatural Gas Gross Margin % Chart

Shin HsiungNatural Gas Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.79 11.50 12.35 11.51 10.54

Shin HsiungNatural Gas Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.86 9.53 10.59 9.86 12.24

ROCO:8908 vs ATO, NI, UGI: Gross Margin % Comparison

For the Utilities - Regulated Gas subindustry, Shin HsiungNatural Gas's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shin HsiungNatural Gas Gross Margin % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shin HsiungNatural Gas's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Shin HsiungNatural Gas's Gross Margin % falls into.


ROCO:8908
80GF Score
Shin HsiungNatural Gas Inc ROCO:8908
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Shin HsiungNatural Gas Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Shin HsiungNatural Gas's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=1094.6 / 10389.826
=(Revenue - Cost of Goods Sold) / Revenue
=(10389.826 - 9295.217) / 10389.826
=10.54 %

Shin HsiungNatural Gas's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=305.1 / 2493.248
=(Revenue - Cost of Goods Sold) / Revenue
=(2493.248 - 2188.141) / 2493.248
=12.24 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 12.24% mean?
Shin HsiungNatural Gas (ROCO:8908) has a Gross Margin % of 12.24% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Shin HsiungNatural Gas and its competitors. This is 21% above median its historical median of 10.09. Over the past decade, Shin HsiungNatural Gas' Gross Margin % has ranged from 7.36 to 12.35. According to the industry distribution chart, Shin HsiungNatural Gas ranks #433 out of 489 companies in the Utilities - Regulated industry, placing it in the top 88.5%.
Is Shin HsiungNatural Gas' Gross Margin % too high?
Shin HsiungNatural Gas' current Gross Margin % of 12.24% is 21% above median its 10-year median of 10.09. Over the past 10 years, this metric has ranged from a low of 7.36 to a high of 12.35. The Utilities - Regulated industry median Gross Margin % is 31.04. Shin HsiungNatural Gas' value of 12.24% is 60.6% below this industry median. Based on the distribution chart, Shin HsiungNatural Gas ranks #433 out of 489 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Shin HsiungNatural Gas has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shin HsiungNatural Gas' Gross Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Shin HsiungNatural Gas ranks #433 out of 489 companies for Gross Margin %. This places Shin HsiungNatural Gas in the lower half of its industry. The industry median Gross Margin % is 31.04. Shin HsiungNatural Gas' value of 12.24% is 60.6% below this benchmark. Historically, Shin HsiungNatural Gas' own Gross Margin % has ranged from 7.36 to 12.35 over the past decade. While the company's 10-year median is 10.09 vs. the industry median of 31.04, Shin HsiungNatural Gas has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Utilities - Regulated company?
The median Gross Margin % among Utilities - Regulated companies is 31.04, based on 489 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shin HsiungNatural Gas's current Gross Margin % of 12.24% is 60.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Shin HsiungNatural Gas and its competitors. For the Utilities - Regulated industry, the median Gross Margin % is 31.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin HsiungNatural Gas's current Gross Margin % is 12.24%, which is 21% above median its own 10-year median of 10.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin HsiungNatural Gas stock overvalued right now?
Based on GuruFocus' analysis, Shin HsiungNatural Gas (ROCO:8908) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$77.00, compared to a current price of NT$41.55 — trading 46% below its estimated fair value. The current Gross Margin % is 12.24%, which is 21% above median its 10-year median of 10.09 and 60.6% below the Utilities - Regulated industry median of 31.04. Shin HsiungNatural Gas' overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Shin HsiungNatural Gas (ROCO:8908), the current Gross Margin % is 12.24% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shin HsiungNatural Gas (ROCO:8908) Overvalued in 2026?

Based on GuruFocus' analysis, Shin HsiungNatural Gas stock appears to be undervalued. The current stock price of NT$41.55 is trading 46% below its estimated GF Value™ of NT$77.00. GuruFocus considers Shin HsiungNatural Gas to be Significantly Undervalued.

Key valuation signals for ROCO:8908:

  • Gross Margin %: 12.24% (21% above median its 10-year median of 10.09)
  • GF Value™: NT$77.00 vs. price of NT$41.55 (46% below fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 60.6% below the Utilities - Regulated median (#433 of 489)

No single metric tells the full story. See the ROCO:8908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shin HsiungNatural Gas Business Description

Address No. 99, Section 1, Guotai Road, Fengshan District, Kaohsiung, TWN, 830061
Shin HsiungNatural Gas Inc includes gas supply through pipelines, manufacturing and sales of gas equipment, rental, sales and manufacturing of gas meters, and installation, maintenance and import of the related equipment. Its segments include Gas Sale Department engaged in the supply of natural gas; Installation Department engaged in the business of gas transmission conduits and equipment; Solar Electricity Sale Department engaged in the business of sale of electricity generated by solar energy; and Construction Department engaged in the construction, leasing and sale of commercial buildings and residential properties. It derives majority of the revenue from Gas Sale Department segment.
80GF Score

Get the complete analysis for ROCO:8908

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$41.55
Price
NT$77.00
GF Value