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Shin HsiungNatural GasROCO:8908 +0.89%86 Return-on-Tangible-Asset is 4.83% as of Mar. 2026, which is 27% below its 10-year median of 6.62. GuruFocus rates ROCO:8908 with a GF Score™ of 86/100 and a GF Value™ of NT$69.06 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 509 Utilities - Regulated companies, Shin HsiungNatural Gas ranks better than 78.59% 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. Shin HsiungNatural Gas's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$580 Mil. Shin HsiungNatural Gas's average total tangible assets for the quarter that ended in Mar. 2026 was NT$12,010 Mil. Therefore, Shin HsiungNatural Gas's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.83%.
The historical rank and industry rank for Shin HsiungNatural Gas's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:8908'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.48 Med: 6.62 Max: 7.9
Current: 5.99
During the past 13 years, Shin HsiungNatural Gas's highest Return-on-Tangible-Asset was 7.90%. The lowest was 5.48%. And the median was 6.62%.
ROCO:8908's Return-on-Tangible-Asset is ranked better than 78.59% of 509
companies
in the Utilities - Regulated industry
Industry Median: 3.3
vs ROCO:8908: 5.99
Shin HsiungNatural Gas (ROCO:8908) 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 companys 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 companys 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.
Shin HsiungNatural Gas Return-on-Tangible-Asset Related Terms
Shin HsiungNatural Gas Return-on-Tangible-Asset Historical Data
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The historical data trend for Shin HsiungNatural Gas's Return-on-Tangible-Asset 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.
Shin HsiungNatural Gas Return-on-Tangible-Asset Chart
ROCO:8908 vs ATO, NI, UGI: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Gas subindustry, Shin HsiungNatural Gas'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.
Shin HsiungNatural Gas Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Shin HsiungNatural Gas's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shin HsiungNatural Gas'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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.83% mean?
Shin HsiungNatural Gas (ROCO:8908) has a Return-on-Tangible-Asset of 4.83% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Shin HsiungNatural Gas and its competitors. This is 27% below median its historical median of 6.62. Over the past decade, Shin HsiungNatural Gas' Return-on-Tangible-Asset has ranged from 5.48 to 7.90. According to the industry distribution chart, Shin HsiungNatural Gas ranks #109 out of 509 companies in the Utilities - Regulated industry, placing it in the top 21.4%.
Is Shin HsiungNatural Gas' Return-on-Tangible-Asset too high?
Shin HsiungNatural Gas' current Return-on-Tangible-Asset of 4.83% is 27% below median its 10-year median of 6.62. Over the past 10 years, this metric has ranged from a low of 5.48 to a high of 7.90. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.30. Shin HsiungNatural Gas' value of 4.83% is 46.4% above this industry median. Based on the distribution chart, Shin HsiungNatural Gas ranks #109 out of 509 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Shin HsiungNatural Gas has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shin HsiungNatural Gas' Return-on-Tangible-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Shin HsiungNatural Gas ranks #109 out of 509 companies for Return-on-Tangible-Asset. This places Shin HsiungNatural Gas in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.30. Shin HsiungNatural Gas' value of 4.83% is 46.4% above this benchmark. Historically, Shin HsiungNatural Gas' own Return-on-Tangible-Asset has ranged from 5.48 to 7.90 over the past decade. While the company's 10-year median is 6.62 vs. the industry median of 3.30, 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 Return-on-Tangible-Asset for an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.30, based on 509 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. Shin HsiungNatural Gas's current Return-on-Tangible-Asset of 4.83% is 46.4% 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 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 Shin HsiungNatural Gas 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. Shin HsiungNatural Gas's current Return-on-Tangible-Asset is 4.83%, which is 27% below median its own 10-year median of 6.62. 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$69.06, compared to a current price of NT$39.70 — trading 42.5% below its estimated fair value. The current Return-on-Tangible-Asset is 4.83%, which is 27% below median its 10-year median of 6.62 and 46.4% above the Utilities - Regulated industry median of 3.30. Shin HsiungNatural Gas' overall GF Score™ is 86/100 with 4 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 Shin HsiungNatural Gas (ROCO:8908), the current Return-on-Tangible-Asset is 4.83% as of Mar. 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$39.70 is trading 42.5% below its estimated GF Value™ of NT$69.06.
GuruFocus considers Shin HsiungNatural Gas to be Significantly Undervalued.
Key valuation signals for ROCO:8908:
Return-on-Tangible-Asset: 4.83% (27% below median its 10-year median of 6.62)
GF Value™: NT$69.06 vs. price of NT$39.70 (42.5% below fair value)
Industry Position: 46.4% above the Utilities - Regulated median (#109 of 509)
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.
86GF Score
Get the complete analysis for ROCO:8908
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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