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Guizhou Gas GroupSHSE:600903 +2.81%75 Return-on-Tangible-Asset is 3.58% as of Mar. 2026, which is 109% above its 10-year median of 1.71. GuruFocus rates SHSE:600903 with a GF Score™ of 75/100 and a GF Value™ of ¥7.09 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 508 Utilities - Regulated companies, Guizhou Gas Group ranks worse than 81.3% 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. Guizhou Gas Group's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥406 Mil. Guizhou Gas Group's average total tangible assets for the quarter that ended in Mar. 2026 was ¥11,327 Mil. Therefore, Guizhou Gas Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.58%.
The historical rank and industry rank for Guizhou Gas Group's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:600903'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.27 Med: 1.71 Max: 2.38
Current: 0.69
During the past 13 years, Guizhou Gas Group's highest Return-on-Tangible-Asset was 2.38%. The lowest was 0.27%. And the median was 1.71%.
SHSE:600903's Return-on-Tangible-Asset is ranked worse than 81.3% of 508
companies
in the Utilities - Regulated industry
Industry Median: 3.38
vs SHSE:600903: 0.69
Guizhou Gas Group (SHSE:600903) 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.
Guizhou Gas Group Return-on-Tangible-Asset Related Terms
Guizhou Gas Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Guizhou Gas Group'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.
SHSE:600903 vs ATO, NI: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Gas subindustry, Guizhou Gas Group'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.
Guizhou Gas Group Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Guizhou Gas Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Guizhou Gas Group'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 3.58% mean?
Guizhou Gas Group (SHSE:600903) has a Return-on-Tangible-Asset of 3.58% 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 Guizhou Gas Group and its competitors. This is 109% above median its historical median of 1.71. Over the past decade, Guizhou Gas Group's Return-on-Tangible-Asset has ranged from 0.27 to 2.38. According to the industry distribution chart, Guizhou Gas Group ranks #413 out of 508 companies in the Utilities - Regulated industry, placing it in the top 81.3%.
Is Guizhou Gas Group's Return-on-Tangible-Asset too high?
Guizhou Gas Group's current Return-on-Tangible-Asset of 3.58% is 109% above median its 10-year median of 1.71. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 2.38. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.38. Guizhou Gas Group's value of 3.58% is 5.9% above this industry median. Based on the distribution chart, Guizhou Gas Group ranks #413 out of 508 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Guizhou Gas Group has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Guizhou Gas Group's Return-on-Tangible-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Guizhou Gas Group ranks #413 out of 508 companies for Return-on-Tangible-Asset. This places Guizhou Gas Group in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.38. Guizhou Gas Group's value of 3.58% is 5.9% above this benchmark. Historically, Guizhou Gas Group's own Return-on-Tangible-Asset has ranged from 0.27 to 2.38 over the past decade. While the company's 10-year median is 1.71 vs. the industry median of 3.38, Guizhou Gas Group 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 3.38, based on 508 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. Guizhou Gas Group's current Return-on-Tangible-Asset of 3.58% is 5.9% 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 Guizhou Gas Group and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guizhou Gas Group's current Return-on-Tangible-Asset is 3.58%, which is 109% above median its own 10-year median of 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guizhou Gas Group stock overvalued right now?
Based on GuruFocus' analysis, Guizhou Gas Group (SHSE:600903) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥7.09, compared to a current price of ¥6.23 — trading 12.1% below its estimated fair value. The current Return-on-Tangible-Asset is 3.58%, which is 109% above median its 10-year median of 1.71 and 5.9% above the Utilities - Regulated industry median of 3.38. Guizhou Gas Group's overall GF Score™ is 75/100 with 9 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 Guizhou Gas Group (SHSE:600903), the current Return-on-Tangible-Asset is 3.58% 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 Guizhou Gas Group (SHSE:600903) Overvalued in 2026?
Based on GuruFocus' analysis, Guizhou Gas Group stock appears to be undervalued.
The current stock price of ¥6.23 is trading 12.1% below its estimated GF Value™ of ¥7.09.
GuruFocus considers Guizhou Gas Group to be Modestly Undervalued.
Key valuation signals for SHSE:600903:
Return-on-Tangible-Asset: 3.58% (109% above median its 10-year median of 1.71)
GF Value™: ¥7.09 vs. price of ¥6.23 (12.1% below fair value)
Industry Position: 5.9% above the Utilities - Regulated median (#413 of 508)
No single metric tells the full story. See the SHSE:600903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guizhou Gas Group Corp Ltd is a urban gas enterprise in Guizhou Province. The company is engaged in the supply, sales, service, transmission, and distribution of gas.
75GF Score
Get the complete analysis for SHSE:600903
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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