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Shin Hai GasTPE:9926 +0.10%93 PS Ratio is 3.63 as of Jul. 14, 2026, which is 3% below its 10-year median of 3.75. GuruFocus rates TPE:9926 with a GF Score™ of 93/100 and a GF Value™ of NT$58.23 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 500 Utilities - Regulated companies, Shin Hai Gas ranks worse than 83% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Shin Hai Gas's share price is NT$49.70.
Shin Hai Gas's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was NT$13.68. Hence, Shin Hai Gas's PS Ratio for today is 3.63.
The historical rank and industry rank for Shin Hai Gas's PS Ratio or its related term are showing as below:
TPE:9926'
s PS Ratio Range Over the Past 10 Years
Min: 2.84 Med: 3.75 Max: 4.47
Current: 3.63
During the past 13 years, Shin Hai Gas's highest PS Ratio was 4.47. The lowest was 2.84. And the median was 3.75.
TPE:9926's PS Ratio is ranked worse than 83% of 500
companies
in the Utilities - Regulated industry
Industry Median: 1.425
vs TPE:9926: 3.63
Shin Hai Gas Corp has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Shin Hai Gas was 5.90% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 3.40% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 2.50% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 1.10% per year.
During the past 13 years, Shin Hai Gas's highest 3-Year average Revenue per Share Growth Rate was 7.00% per year. The lowest was -8.30% per year. And the median was 1.05% per year.
Back to Basics: PS Ratio
Shin Hai Gas (TPE:9926) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Shin Hai Gas PS Ratio Related Terms
Shin Hai Gas PS Ratio Historical Data
* Premium members only.
The historical data trend for Shin Hai Gas's PS Ratio 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 PS Ratio, along with its competitors' market caps and PS 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 Hai Gas PS Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Shin Hai Gas's PS Ratio distribution charts can be found below:
* The bar in red indicates where Shin Hai Gas's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Shin Hai Gas's PS Ratio for today is calculated as
Shin Hai Gas's Share Price of today is NT$49.70. Shin Hai Gas's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$13.68.
* 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:
Shin Hai Gas (TPE:9926) has a PS Ratio of 3.63 as of Jul. 14, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Shin Hai Gas and its competitors. This is near median its historical median of 3.75. Over the past decade, Shin Hai Gas' PS Ratio has ranged from 2.84 to 4.47. According to the industry distribution chart, Shin Hai Gas ranks #415 out of 500 companies in the Utilities - Regulated industry, placing it in the top 83%.
Is Shin Hai Gas' PS Ratio too high?
Shin Hai Gas' current PS Ratio of 3.63 is near median its 10-year median of 3.75. Over the past 10 years, this metric has ranged from a low of 2.84 to a high of 4.47. The Utilities - Regulated industry median PS Ratio is 1.43. Shin Hai Gas' value of 3.63 is 154.7% above this industry median. Based on the distribution chart, Shin Hai Gas ranks #415 out of 500 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Shin Hai Gas has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shin Hai Gas' PS Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Shin Hai Gas ranks #415 out of 500 companies for PS Ratio. This places Shin Hai Gas in the lower half of its industry. The industry median PS Ratio is 1.43. Shin Hai Gas' value of 3.63 is 154.7% above this benchmark. Historically, Shin Hai Gas' own PS Ratio has ranged from 2.84 to 4.47 over the past decade. While the company's 10-year median is 3.75 vs. the industry median of 1.43, 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 PS Ratio for an Utilities - Regulated company?
The median PS Ratio among Utilities - Regulated companies is 1.43, based on 500 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shin Hai Gas's current PS Ratio of 3.63 is 154.7% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Shin Hai Gas and its competitors. For the Utilities - Regulated industry, the median PS Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin Hai Gas's current PS Ratio is 3.63, which is near median its own 10-year median of 3.75. 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$58.23, compared to a current price of NT$49.70 — trading 14.6% below its estimated fair value. The current PS Ratio is 3.63, which is near median its 10-year median of 3.75 and 154.7% above the Utilities - Regulated industry median of 1.43. Shin Hai Gas' overall GF Score™ is 93/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Shin Hai Gas (TPE:9926), the current PS Ratio is 3.63 as of Jul. 14, 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 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$49.70 is trading 14.6% below its estimated GF Value™ of NT$58.23.
GuruFocus considers Shin Hai Gas to be Modestly Undervalued.
Key valuation signals for TPE:9926:
PS Ratio: 3.63 (near median its 10-year median of 3.75)
GF Value™: NT$58.23 vs. price of NT$49.70 (14.6% below fair value)
Industry Position: 154.7% above the Utilities - Regulated median (#415 of 500)
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.
93GF Score
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