Shin Shin Natural Gas CoTPE:9918 +1.52%84 Gross Margin % is 23.73% as of Dec. 2025, which is 14% below its 10-year median of 27.44. GuruFocus rates TPE:9918 with a GF Score™ of 84/100 and a GF Value™ of NT$42.87 (Fairly Valued). The stock has 2 warning signs investors should review. Among 491 Utilities - Regulated companies, Shin Shin Natural Gas Co ranks worse than 51.93% on this metric.
Shin Shin Natural Gas Co (TPE:9918) 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 Shin Natural Gas Co had a gross margin of 23.73% for the quarter that ended in Dec. 2025 => Competition eroding margins
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 Shin Natural Gas Co Gross Margin % Related Terms
Shin Shin Natural Gas Co Gross Margin % Historical Data
* 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.
TPE:9918 vs ATO, NI, UGI: Gross Margin % Comparison
For the Utilities - Regulated Gas subindustry, Shin Shin Natural Gas Co'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 Shin Natural Gas Co Gross Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Shin Shin Natural Gas Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Shin Shin Natural Gas Co's Gross Margin % falls into.
* 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.
Shin Shin Natural Gas Co (TPE:9918) has a Gross Margin % of 23.73% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Shin Shin Natural Gas Co and its competitors. This is 14% below median its historical median of 27.44. Over the past decade, Shin Shin Natural Gas Co's Gross Margin % has ranged from 21.53 to 29.83. According to the industry distribution chart, Shin Shin Natural Gas Co ranks #255 out of 491 companies in the Utilities - Regulated industry, placing it in the top 51.9%.
Is Shin Shin Natural Gas Co's Gross Margin % too high?
Shin Shin Natural Gas Co's current Gross Margin % of 23.73% is 14% below median its 10-year median of 27.44. Over the past 10 years, this metric has ranged from a low of 21.53 to a high of 29.83. The Utilities - Regulated industry median Gross Margin % is 30.95. Shin Shin Natural Gas Co's value of 23.73% is 23.3% below this industry median. Based on the distribution chart, Shin Shin Natural Gas Co ranks #255 out of 491 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Shin Shin Natural Gas Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shin Shin Natural Gas Co's Gross Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Shin Shin Natural Gas Co ranks #255 out of 491 companies for Gross Margin %. This places Shin Shin Natural Gas Co in the lower half of its industry. The industry median Gross Margin % is 30.95. Shin Shin Natural Gas Co's value of 23.73% is 23.3% below this benchmark. Historically, Shin Shin Natural Gas Co's own Gross Margin % has ranged from 21.53 to 29.83 over the past decade. While the company's 10-year median is 27.44 vs. the industry median of 30.95, Shin Shin Natural Gas Co 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 30.95, based on 491 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 Shin Natural Gas Co's current Gross Margin % of 23.73% is 23.3% 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 Shin Natural Gas Co and its competitors. For the Utilities - Regulated industry, the median Gross Margin % is 30.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin Shin Natural Gas Co's current Gross Margin % is 23.73%, which is 14% below median its own 10-year median of 27.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin Shin Natural Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Shin Shin Natural Gas Co (TPE:9918) is currently considered Fairly Valued. The stock's GF Value™ is NT$42.87, compared to a current price of NT$43.35 — trading 1.1% above its estimated fair value. The current Gross Margin % is 23.73%, which is 14% below median its 10-year median of 27.44 and 23.3% below the Utilities - Regulated industry median of 30.95. Shin Shin Natural Gas Co's overall GF Score™ is 84/100 with 2 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 Shin Natural Gas Co (TPE:9918), the current Gross Margin % is 23.73% 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 Shin Natural Gas Co (TPE:9918) Overvalued in 2026?
Based on GuruFocus' analysis, Shin Shin Natural Gas Co stock appears to be overvalued.
The current stock price of NT$43.35 is trading 1.1% above its estimated GF Value™ of NT$42.87.
GuruFocus considers Shin Shin Natural Gas Co to be Fairly Valued.
Key valuation signals for TPE:9918:
Gross Margin %: 23.73% (14% below median its 10-year median of 27.44)
GF Value™: NT$42.87 vs. price of NT$43.35 (1.1% above fair value)
Industry Position: 23.3% below the Utilities - Regulated median (#255 of 491)
No single metric tells the full story. See the TPE:9918 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shin Shin Natural Gas Co Ltd is a Taiwan-based company engaged in the transmission of combustible natural gas by pipeline for non-industrial fuel supply, the installation of gas pipeline construction, and other related natural gas industry and affiliated businesses. The company mainly operates in two segments which are the Gas sales segment mainly responsible for the supply of natural gas to customers through pipelines and the Installation segment mainly responsible for the installation of natural gas transmission pipelines and gas safety equipment.
84GF Score
Get the complete analysis for TPE:9918
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:9918 has been successfully added to your 
