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Shin HsiungNatural GasROCO:8908 -0.38%80 PB Ratio is 2.77 as of Jul. 18, 2026, which is 17% below its 10-year median of 3.35. GuruFocus rates ROCO:8908 with a GF Score™ of 80/100 and a GF Value™ of NT$77.43 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 501 Utilities - Regulated companies, Shin HsiungNatural Gas ranks worse than 85.63% on this metric.
Shin HsiungNatural Gas Inc stock PB Ratio (=2.76) is close to 5-year low of 2.76.
The historical rank and industry rank for Shin HsiungNatural Gas's PB Ratio or its related term are showing as below:
ROCO:8908'
s PB Ratio Range Over the Past 10 Years
Min: 2.18 Med: 3.35 Max: 6.2
Current: 2.77
During the past 13 years, Shin HsiungNatural Gas's highest PB Ratio was 6.20. The lowest was 2.18. And the median was 3.35.
ROCO:8908's PB Ratio is ranked worse than 85.63% of 501
companies
in the Utilities - Regulated industry
Industry Median: 1.44
vs ROCO:8908: 2.77
During the past 12 months, Shin HsiungNatural Gas's average Book Value Per Share Growth Rate was 6.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Shin HsiungNatural Gas was 15.90% per year. The lowest was 7.50% per year. And the median was 11.40% per year.
Back to Basics: PB Ratio
Shin HsiungNatural Gas (ROCO:8908) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* 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 HsiungNatural Gas's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Shin HsiungNatural Gas's PB Ratio distribution charts can be found below:
* The bar in red indicates where Shin HsiungNatural Gas's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Shin HsiungNatural Gas (ROCO:8908) has a PB Ratio of 2.77 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Shin HsiungNatural Gas and its competitors. This is 17% below median its historical median of 3.35. Over the past decade, Shin HsiungNatural Gas' PB Ratio has ranged from 2.18 to 6.20. According to the industry distribution chart, Shin HsiungNatural Gas ranks #429 out of 501 companies in the Utilities - Regulated industry, placing it in the top 85.6%.
Is Shin HsiungNatural Gas' PB Ratio too high?
Shin HsiungNatural Gas' current PB Ratio of 2.77 is 17% below median its 10-year median of 3.35. Over the past 10 years, this metric has ranged from a low of 2.18 to a high of 6.20. The Utilities - Regulated industry median PB Ratio is 1.44. Shin HsiungNatural Gas' value of 2.77 is 92.4% above this industry median. Based on the distribution chart, Shin HsiungNatural Gas ranks #429 out of 501 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' PB Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Shin HsiungNatural Gas ranks #429 out of 501 companies for PB Ratio. This places Shin HsiungNatural Gas in the lower half of its industry. The industry median PB Ratio is 1.44. Shin HsiungNatural Gas' value of 2.77 is 92.4% above this benchmark. Historically, Shin HsiungNatural Gas' own PB Ratio has ranged from 2.18 to 6.20 over the past decade. While the company's 10-year median is 3.35 vs. the industry median of 1.44, Shin HsiungNatural 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 PB Ratio for an Utilities - Regulated company?
The median PB Ratio among Utilities - Regulated companies is 1.44, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shin HsiungNatural Gas's current PB Ratio of 2.77 is 92.4% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Shin HsiungNatural Gas and its competitors. For the Utilities - Regulated industry, the median PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin HsiungNatural Gas's current PB Ratio is 2.77, which is 17% below median its own 10-year median of 3.35. 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$77.43, compared to a current price of NT$39.25 — trading 49.3% below its estimated fair value. The current PB Ratio is 2.77, which is 17% below median its 10-year median of 3.35 and 92.4% above the Utilities - Regulated industry median of 1.44. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Shin HsiungNatural Gas (ROCO:8908), the current PB Ratio is 2.77 as of Jul. 18, 2026. 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$39.25 is trading 49.3% below its estimated GF Value™ of NT$77.43.
GuruFocus considers Shin HsiungNatural Gas to be Significantly Undervalued.
Key valuation signals for ROCO:8908:
PB Ratio: 2.77 (17% below median its 10-year median of 3.35)
GF Value™: NT$77.43 vs. price of NT$39.25 (49.3% below fair value)
Industry Position: 92.4% above the Utilities - Regulated median (#429 of 501)
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 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
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