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Chengdu Gas GroupSHSE:603053 -0.11%77 Return-on-Tangible-Asset is 4.30% as of Jun. 2026, which is 45% below its 10-year median of 7.88. GuruFocus rates SHSE:603053 with a GF Score™ of 77/100 and a GF Value™ of ¥9.67 (Fairly Valued). The stock has 3 warning signs investors should review. Among 510 Utilities - Regulated companies, Chengdu Gas Group ranks better than 74.71% 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. Chengdu Gas Group's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥336 Mil. Chengdu Gas Group's average total tangible assets for the quarter that ended in Jun. 2026 was ¥7,810 Mil. Therefore, Chengdu Gas Group's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 4.30%.
The historical rank and industry rank for Chengdu Gas Group's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603053'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.78 Med: 7.88 Max: 11.37
Current: 5.78
During the past 11 years, Chengdu Gas Group's highest Return-on-Tangible-Asset was 11.37%. The lowest was 5.78%. And the median was 7.88%.
SHSE:603053's Return-on-Tangible-Asset is ranked better than 74.71% of 510
companies
in the Utilities - Regulated industry
Industry Median: 3.365
vs SHSE:603053: 5.78
Chengdu Gas Group (SHSE:603053) 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.
Chengdu Gas Group Return-on-Tangible-Asset Related Terms
Chengdu Gas Group Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Chengdu 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:603053 vs ATO, NI: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Gas subindustry, Chengdu 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.
Chengdu Gas Group Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Chengdu Gas Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Chengdu 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.30% mean?
Chengdu Gas Group (SHSE:603053) has a Return-on-Tangible-Asset of 4.30% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Chengdu Gas Group and its competitors. This is 45% below median its historical median of 7.88. Over the past decade, Chengdu Gas Group's Return-on-Tangible-Asset has ranged from 5.78 to 11.37. According to the industry distribution chart, Chengdu Gas Group ranks #129 out of 510 companies in the Utilities - Regulated industry, placing it in the top 25.3%.
Is Chengdu Gas Group's Return-on-Tangible-Asset too high?
Chengdu Gas Group's current Return-on-Tangible-Asset of 4.30% is 45% below median its 10-year median of 7.88. Over the past 10 years, this metric has ranged from a low of 5.78 to a high of 11.37. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.37. Chengdu Gas Group's value of 4.30% is 27.8% above this industry median. Based on the distribution chart, Chengdu Gas Group ranks #129 out of 510 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Chengdu Gas Group has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chengdu Gas Group's Return-on-Tangible-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Chengdu Gas Group ranks #129 out of 510 companies for Return-on-Tangible-Asset. This puts Chengdu Gas Group in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.37. Chengdu Gas Group's value of 4.30% is 27.8% above this benchmark. Historically, Chengdu Gas Group's own Return-on-Tangible-Asset has ranged from 5.78 to 11.37 over the past decade. While the company's 10-year median is 7.88 vs. the industry median of 3.37, Chengdu 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 3.37, 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. Chengdu Gas Group's current Return-on-Tangible-Asset of 4.30% is 27.8% 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 Chengdu Gas Group and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chengdu Gas Group's current Return-on-Tangible-Asset is 4.30%, which is 45% below median its own 10-year median of 7.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chengdu Gas Group stock overvalued right now?
Based on GuruFocus' analysis, Chengdu Gas Group (SHSE:603053) is currently considered Fairly Valued. The stock's GF Value™ is ¥9.67, compared to a current price of ¥8.87 — trading 8.3% below its estimated fair value. The current Return-on-Tangible-Asset is 4.30%, which is 45% below median its 10-year median of 7.88 and 27.8% above the Utilities - Regulated industry median of 3.37. Chengdu Gas Group's overall GF Score™ is 77/100 with 3 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 Chengdu Gas Group (SHSE:603053), the current Return-on-Tangible-Asset is 4.30% as of Jun. 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 Chengdu Gas Group (SHSE:603053) Overvalued in 2026?
Based on GuruFocus' analysis, Chengdu Gas Group stock appears to be undervalued.
The current stock price of ¥8.87 is trading 8.3% below its estimated GF Value™ of ¥9.67.
GuruFocus considers Chengdu Gas Group to be Fairly Valued.
Key valuation signals for SHSE:603053:
Return-on-Tangible-Asset: 4.30% (45% below median its 10-year median of 7.88)
GF Value™: ¥9.67 vs. price of ¥8.87 (8.3% below fair value)
Industry Position: 27.8% above the Utilities - Regulated median (#129 of 510)
No single metric tells the full story. See the SHSE:603053 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chengdu Gas Group Corp Ltd is engaged in urban gas supply in large and medium cities in China. The company's business includes city gas supply, gas engineering planning, design, construction and installation, gas transmission and distribution, application, management, gas intelligent system research and development, equipment manufacturing, gas special equipment, pressure vessels, measuring device testing, gas appliances and equipment sales.
77GF Score
Get the complete analysis for SHSE:603053
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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