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Hong Kong and China Gas CoHOKCF 42 Return-on-Tangible-Asset is 3.49% as of Dec. 2025, which is 17% below its 10-year median of 4.18. GuruFocus rates HOKCF with a GF Scoreâ„¢ of 42/100 and a GF Valueâ„¢ of $0.77 (Fairly Valued). The stock has 7 warning signs investors should review. Among 510 Utilities - Regulated companies, Hong Kong and China Gas Co ranks better than 54.71% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Hong Kong and China Gas Co's annualizedNet Income for the quarter that ended in Dec. 2025 was $700 Mil. Hong Kong and China Gas Co's average total tangible assets for the quarter that ended in Dec. 2025 was $20,078 Mil. Therefore, Hong Kong and China Gas Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.49%.
The historical rank and industry rank for Hong Kong and China Gas Co's Return-on-Tangible-Asset or its related term are showing as below:
HOKCF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.34 Med: 4.18 Max: 7.47
Current: 3.66
During the past 13 years, Hong Kong and China Gas Co's highest Return-on-Tangible-Asset was 7.47%. The lowest was 3.34%. And the median was 4.18%.
HOKCF's Return-on-Tangible-Asset is ranked better than 54.71% of 510
companies
in the Utilities - Regulated industry
Industry Median: 3.3
vs HOKCF: 3.66
Hong Kong and China Gas Co (OTCPK:HOKCF) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companyÂ’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companyÂ’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Hong Kong and China Gas Co Return-on-Tangible-Asset Related Terms
Hong Kong and China Gas Co Return-on-Tangible-Asset 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.
Hong Kong and China Gas Co Return-on-Tangible-Asset Chart
HOKCF vs ATO, NI: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Gas subindustry, Hong Kong and China Gas Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Hong Kong and China Gas Co Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hong Kong and China Gas Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hong Kong and China Gas Co's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 3.49% mean?
Hong Kong and China Gas Co (HOKCF) has a Return-on-Tangible-Asset of 3.49% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Hong Kong and China Gas Co and its competitors. This is 17% below median its historical median of 4.18. Over the past decade, Hong Kong and China Gas Co's Return-on-Tangible-Asset has ranged from 3.34 to 7.47. According to the industry distribution chart, Hong Kong and China Gas Co ranks #231 out of 510 companies in the Utilities - Regulated industry, placing it in the top 45.3%.
Is Hong Kong and China Gas Co's Return-on-Tangible-Asset too high?
Hong Kong and China Gas Co's current Return-on-Tangible-Asset of 3.49% is 17% below median its 10-year median of 4.18. Over the past 10 years, this metric has ranged from a low of 3.34 to a high of 7.47. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.30. Hong Kong and China Gas Co's value of 3.49% is 5.8% above this industry median. Based on the distribution chart, Hong Kong and China Gas Co ranks #231 out of 510 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Hong Kong and China Gas Co has a GF Scoreâ„¢ of 42/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong and China Gas Co's Return-on-Tangible-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hong Kong and China Gas Co ranks #231 out of 510 companies for Return-on-Tangible-Asset. This puts Hong Kong and China Gas Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.30. Hong Kong and China Gas Co's value of 3.49% is 5.8% above this benchmark. Historically, Hong Kong and China Gas Co's own Return-on-Tangible-Asset has ranged from 3.34 to 7.47 over the past decade. While the company's 10-year median is 4.18 vs. the industry median of 3.30, Hong Kong and China 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 Return-on-Tangible-Asset for an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.30, based on 510 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hong Kong and China Gas Co's current Return-on-Tangible-Asset of 3.49% is 5.8% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Hong Kong and China Gas Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Kong and China Gas Co's current Return-on-Tangible-Asset is 3.49%, which is 17% below median its own 10-year median of 4.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong and China Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong and China Gas Co (HOKCF) is currently considered Fairly Valued. The stock's GF Value™ is $0.77, compared to a current price of $0.83 — trading 7.8% above its estimated fair value. The current Return-on-Tangible-Asset is 3.49%, which is 17% below median its 10-year median of 4.18 and 5.8% above the Utilities - Regulated industry median of 3.30. Hong Kong and China Gas Co's overall GF Score™ is 42/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Hong Kong and China Gas Co (HOKCF), the current Return-on-Tangible-Asset is 3.49% 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 Hong Kong and China Gas Co (HOKCF) Overvalued in 2026?
Based on GuruFocus' analysis, Hong Kong and China Gas Co stock appears to be overvalued.
The current stock price of $0.83 is trading 7.8% above its estimated GF Value™ of $0.77.
GuruFocus considers Hong Kong and China Gas Co to be Fairly Valued.
Key valuation signals for HOKCF:
Return-on-Tangible-Asset: 3.49% (17% below median its 10-year median of 4.18)
GF Value™: $0.77 vs. price of $0.83 (7.8% above fair value)
Industry Position: 5.8% above the Utilities - Regulated median (#231 of 510)
No single metric tells the full story. See the HOKCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company's core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. The company is also investing in water, upstream gas, and new energies. The Group's principal activities are the production, distribution, and marketing of gas and related products or services, water supply and waste treatment, renewable energy businesses, extended businesses, and fuels businesses (Green Fuels) in Hong Kong and the Chinese mainland. The company operates in three segments: Gas, water and waste treatment, renewable energy, extended businesses, and related businesses, Green Fuels, and Property.
42GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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