Shin Shin Natural Gas CoTPE:9918 -0.35%84 Net Margin % is 11.99% as of Dec. 2025, which is 11% below its 10-year median of 13.42. 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 501 Utilities - Regulated companies, Shin Shin Natural Gas Co ranks better than 69.86% on this metric.
The historical rank and industry rank for Shin Shin Natural Gas Co's Net Margin % or its related term are showing as below:
TPE:9918'
s Net Margin % Range Over the Past 10 Years
Min: 7.39 Med: 13.42 Max: 19.94
Current: 13.93
TPE:9918's Net Margin % is ranked better than 69.86% of 501
companies
in the Utilities - Regulated industry
Industry Median: 8.8
vs TPE:9918: 13.93
Shin Shin Natural Gas Co (TPE:9918) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Shin Shin Natural Gas Co Net Margin % Related Terms
Shin Shin Natural Gas Co Net 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.
For the Utilities - Regulated Gas subindustry, Shin Shin Natural Gas Co's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Shin Shin Natural Gas Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where Shin Shin Natural Gas Co's Net 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.
Shin Shin Natural Gas Co (TPE:9918) has a Net Margin % of 11.99% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Shin Shin Natural Gas Co and its competitors. This is 11% below median its historical median of 13.42. Over the past decade, Shin Shin Natural Gas Co's Net Margin % has ranged from 7.39 to 19.94. According to the industry distribution chart, Shin Shin Natural Gas Co ranks #151 out of 501 companies in the Utilities - Regulated industry, placing it in the top 30.1%.
Is Shin Shin Natural Gas Co's Net Margin % too high?
Shin Shin Natural Gas Co's current Net Margin % of 11.99% is 11% below median its 10-year median of 13.42. Over the past 10 years, this metric has ranged from a low of 7.39 to a high of 19.94. The Utilities - Regulated industry median Net Margin % is 8.80. Shin Shin Natural Gas Co's value of 11.99% is 36.3% above this industry median. Based on the distribution chart, Shin Shin Natural Gas Co ranks #151 out of 501 companies in the Utilities - Regulated industry, which is above 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 Net Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Shin Shin Natural Gas Co ranks #151 out of 501 companies for Net Margin %. This puts Shin Shin Natural Gas Co in the upper half of its industry. The industry median Net Margin % is 8.80. Shin Shin Natural Gas Co's value of 11.99% is 36.3% above this benchmark. Historically, Shin Shin Natural Gas Co's own Net Margin % has ranged from 7.39 to 19.94 over the past decade. While the company's 10-year median is 13.42 vs. the industry median of 8.80, Shin Shin Natural Gas Co has consistently been above 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 Net Margin % for an Utilities - Regulated company?
The median Net Margin % among Utilities - Regulated companies is 8.80, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net 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 Net Margin % of 11.99% is 36.3% above 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Shin Shin Natural Gas Co and its competitors. For the Utilities - Regulated industry, the median Net Margin % is 8.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin Shin Natural Gas Co's current Net Margin % is 11.99%, which is 11% below median its own 10-year median of 13.42. 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$43.20 — trading 0.8% above its estimated fair value. The current Net Margin % is 11.99%, which is 11% below median its 10-year median of 13.42 and 36.3% above the Utilities - Regulated industry median of 8.80. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Shin Shin Natural Gas Co (TPE:9918), the current Net Margin % is 11.99% 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$43.20 is trading 0.8% 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:
Net Margin %: 11.99% (11% below median its 10-year median of 13.42)
GF Value™: NT$42.87 vs. price of NT$43.20 (0.8% above fair value)
Industry Position: 36.3% above the Utilities - Regulated median (#151 of 501)
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
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