Shin Hai GasTPE:9926 -0.40%91 Net Margin % is 11.77% as of Dec. 2025, which is 39% below its 10-year median of 19.31. GuruFocus rates TPE:9926 with a GF Score™ of 91/100 and a GF Value™ of NT$58.19 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 501 Utilities - Regulated companies, Shin Hai Gas ranks better than 83.83% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Shin Hai Gas's Net Income for the
three
months ended in Dec. 2025 was NT$70 Mil. Shin Hai Gas's Revenue for the
three
months ended in Dec. 2025 was NT$593 Mil. Therefore, Shin Hai Gas's net margin for the quarter that ended in Dec. 2025 was 11.77%.
The historical rank and industry rank for Shin Hai Gas's Net Margin % or its related term are showing as below:
TPE:9926'
s Net Margin % Range Over the Past 10 Years
Min: 14.3 Med: 19.31 Max: 20.94
Current: 19.51
TPE:9926's Net Margin % is ranked better than 83.83% of 501
companies
in the Utilities - Regulated industry
Industry Median: 8.71
vs TPE:9926: 19.51
Shin Hai Gas (TPE:9926) 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 Hai Gas Net Margin % Related Terms
Shin Hai Gas Net Margin % Historical Data
* Premium members only.
The historical data trend for Shin Hai Gas's Net 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.
For the Utilities - Regulated Gas subindustry, Shin Hai Gas'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 Hai Gas Net Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Shin Hai Gas's Net Margin % distribution charts can be found below:
* The bar in red indicates where Shin Hai Gas'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 Hai Gas (TPE:9926) has a Net Margin % of 11.77% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Shin Hai Gas and its competitors. This is 39% below median its historical median of 19.31. Over the past decade, Shin Hai Gas' Net Margin % has ranged from 14.30 to 20.94. According to the industry distribution chart, Shin Hai Gas ranks #81 out of 501 companies in the Utilities - Regulated industry, placing it in the top 16.2%.
Is Shin Hai Gas' Net Margin % too high?
Shin Hai Gas' current Net Margin % of 11.77% is 39% below median its 10-year median of 19.31. Over the past 10 years, this metric has ranged from a low of 14.30 to a high of 20.94. The Utilities - Regulated industry median Net Margin % is 8.71. Shin Hai Gas' value of 11.77% is 35.1% above this industry median. Based on the distribution chart, Shin Hai Gas ranks #81 out of 501 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Shin Hai Gas has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shin Hai Gas' Net Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Shin Hai Gas ranks #81 out of 501 companies for Net Margin %. This places Shin Hai Gas in the top 16% of its industry — outperforming the majority of peers. The industry median Net Margin % is 8.71. Shin Hai Gas' value of 11.77% is 35.1% above this benchmark. Historically, Shin Hai Gas' own Net Margin % has ranged from 14.30 to 20.94 over the past decade. While the company's 10-year median is 19.31 vs. the industry median of 8.71, Shin Hai Gas 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 8.71, 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 Hai Gas's current Net Margin % of 11.77% is 35.1% 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 Hai Gas and its competitors. For the Utilities - Regulated industry, the median Net Margin % is 8.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin Hai Gas's current Net Margin % is 11.77%, which is 39% below median its own 10-year median of 19.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin Hai Gas stock overvalued right now?
Based on GuruFocus' analysis, Shin Hai Gas (TPE:9926) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$58.19, compared to a current price of NT$49.50 — trading 14.9% below its estimated fair value. The current Net Margin % is 11.77%, which is 39% below median its 10-year median of 19.31 and 35.1% above the Utilities - Regulated industry median of 8.71. Shin Hai Gas' overall GF Score™ is 91/100 with 3 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 Hai Gas (TPE:9926), the current Net Margin % is 11.77% 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 Hai Gas (TPE:9926) Overvalued in 2026?
Based on GuruFocus' analysis, Shin Hai Gas stock appears to be undervalued.
The current stock price of NT$49.50 is trading 14.9% below its estimated GF Value™ of NT$58.19.
GuruFocus considers Shin Hai Gas to be Modestly Undervalued.
Key valuation signals for TPE:9926:
Net Margin %: 11.77% (39% below median its 10-year median of 19.31)
GF Value™: NT$58.19 vs. price of NT$49.50 (14.9% below fair value)
Industry Position: 35.1% above the Utilities - Regulated median (#81 of 501)
No single metric tells the full story. See the TPE:9926 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shin Hai Gas Corp is mainly engaged in natural gas supply service, natural gas transmission system construction, sale and installation of gas equipment, and operation and investment of type one telecommunications enterprise. The company's reportable segments include the Gas supply segment, Equipment segment, Telecommunication segment, and Others. The majority of its revenue is generated from the Gas supply segment, which derives income from the sales of natural gas.
91GF Score
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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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