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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. TL Natural Gas Holdings's annualized net income for the quarter that ended in Dec. 2025 was HK$-11.19 Mil. TL Natural Gas Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$58.44 Mil. Therefore, TL Natural Gas Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -19.16%.
The historical rank and industry rank for TL Natural Gas Holdings's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:08536'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -31.88 Med: -12.72 Max: 51.12
Current: -14.72
During the past 11 years, TL Natural Gas Holdings's highest Return-on-Tangible-Equity was 51.12%. The lowest was -31.88%. And the median was -12.72%.
HKSE:08536's Return-on-Tangible-Equity is ranked worse than 82.3% of 955
companies
in the Oil & Gas industry
Industry Median: 7.43
vs HKSE:08536: -14.72
TL Natural Gas Holdings (HKSE:08536) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
TL Natural Gas Holdings Return-on-Tangible-Equity Related Terms
TL Natural Gas Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TL Natural Gas Holdings's Return-on-Tangible-Equity 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.
TL Natural Gas Holdings Return-on-Tangible-Equity Chart
HKSE:08536 vs CASY, WSM, ULTA: Return-on-Tangible-Equity Comparison
For the Oil & Gas Refining & Marketing subindustry, TL Natural Gas Holdings's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
TL Natural Gas Holdings Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TL Natural Gas Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TL Natural Gas Holdings's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -19.16% mean?
TL Natural Gas Holdings (HKSE:08536) has a Return-on-Tangible-Equity of -19.16% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on TL Natural Gas Holdings and its competitors. According to the industry distribution chart, TL Natural Gas Holdings ranks #786 out of 955 companies in the Oil & Gas industry, placing it in the top 82.3%.
Is TL Natural Gas Holdings' Return-on-Tangible-Equity too high?
TL Natural Gas Holdings' current Return-on-Tangible-Equity is -19.16%. Based on the distribution chart, TL Natural Gas Holdings ranks #786 out of 955 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, TL Natural Gas Holdings has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TL Natural Gas Holdings' Return-on-Tangible-Equity compare to CASY and WSM?
According to the Oil & Gas industry distribution chart, TL Natural Gas Holdings ranks #786 out of 955 companies for Return-on-Tangible-Equity. This places TL Natural Gas Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.43. 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-Equity for an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 7.43, based on 955 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on TL Natural Gas Holdings and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 7.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TL Natural Gas Holdings's current Return-on-Tangible-Equity is -19.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TL Natural Gas Holdings stock overvalued right now?
Based on GuruFocus' analysis, TL Natural Gas Holdings (HKSE:08536) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.29, compared to a current price of HK$0.24 — trading 16.2% below its estimated fair value. The current Return-on-Tangible-Equity is -19.16%. TL Natural Gas Holdings' overall GF Score™ is 50/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For TL Natural Gas Holdings (HKSE:08536), the current Return-on-Tangible-Equity is -19.16% 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 TL Natural Gas Holdings (HKSE:08536) Overvalued in 2026?
Based on GuruFocus' analysis, TL Natural Gas Holdings stock appears to be undervalued.
The current stock price of HK$0.24 is trading 16.2% below its estimated GF Value™ of HK$0.29.
GuruFocus considers TL Natural Gas Holdings to be Modestly Undervalued.
Key valuation signals for HKSE:08536:
Return-on-Tangible-Equity: -19.16%
GF Value™: HK$0.29 vs. price of HK$0.24 (16.2% below fair value)
No single metric tells the full story. See the HKSE:08536 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TL Natural Gas Holdings Ltd is engaged in the sale of natural gas, including compressed natural gas and liquefied natural gas, and the provision of transmission services for natural gas. The group has two reportable segments: Sales of natural gas and Others. The Others segment includes automated car wash and fast food catering services. It generates the majority of its revenue from the Sales of natural gas segment.
50GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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