Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
JiaXing Gas Group CoHKSE:09908 +2.11%80 Return-on-Tangible-Equity is 12.90% as of Dec. 2025, which is 33% below its 10-year median of 19.17. GuruFocus rates HKSE:09908 with a GF Score™ of 80/100 and a GF Value™ of HK$7.24 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 494 Utilities - Regulated companies, JiaXing Gas Group Co ranks better than 58.1% on this metric.
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. JiaXing Gas Group Co's annualized net income for the quarter that ended in Dec. 2025 was HK$167 Mil. JiaXing Gas Group Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$1,292 Mil. Therefore, JiaXing Gas Group Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 12.90%.
The historical rank and industry rank for JiaXing Gas Group Co's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:09908'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.58 Med: 19.17 Max: 30.09
Current: 13.27
During the past 9 years, JiaXing Gas Group Co's highest Return-on-Tangible-Equity was 30.09%. The lowest was 8.58%. And the median was 19.17%.
HKSE:09908's Return-on-Tangible-Equity is ranked better than 58.1% of 494
companies
in the Utilities - Regulated industry
Industry Median: 11.145
vs HKSE:09908: 13.27
JiaXing Gas Group Co (HKSE:09908) 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.
JiaXing Gas Group Co Return-on-Tangible-Equity Related Terms
JiaXing Gas Group Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for JiaXing Gas Group Co'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.
JiaXing Gas Group Co Return-on-Tangible-Equity Chart
HKSE:09908 vs ATO, NI: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Gas subindustry, JiaXing Gas Group Co'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.
JiaXing Gas Group Co Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, JiaXing Gas Group Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where JiaXing Gas Group Co'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 12.90% mean?
JiaXing Gas Group Co (HKSE:09908) has a Return-on-Tangible-Equity of 12.90% 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 JiaXing Gas Group Co and its competitors. This is 33% below median its historical median of 19.17. Over the past decade, JiaXing Gas Group Co's Return-on-Tangible-Equity has ranged from 8.58 to 30.09. According to the industry distribution chart, JiaXing Gas Group Co ranks #207 out of 494 companies in the Utilities - Regulated industry, placing it in the top 41.9%.
Is JiaXing Gas Group Co's Return-on-Tangible-Equity too high?
JiaXing Gas Group Co's current Return-on-Tangible-Equity of 12.90% is 33% below median its 10-year median of 19.17. Over the past 10 years, this metric has ranged from a low of 8.58 to a high of 30.09. The Utilities - Regulated industry median Return-on-Tangible-Equity is 11.15. JiaXing Gas Group Co's value of 12.90% is 15.7% above this industry median. Based on the distribution chart, JiaXing Gas Group Co ranks #207 out of 494 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, JiaXing Gas Group Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JiaXing Gas Group Co's Return-on-Tangible-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, JiaXing Gas Group Co ranks #207 out of 494 companies for Return-on-Tangible-Equity. This puts JiaXing Gas Group Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 11.15. JiaXing Gas Group Co's value of 12.90% is 15.7% above this benchmark. Historically, JiaXing Gas Group Co's own Return-on-Tangible-Equity has ranged from 8.58 to 30.09 over the past decade. While the company's 10-year median is 19.17 vs. the industry median of 11.15, JiaXing Gas Group 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-Equity for an Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 11.15, based on 494 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. JiaXing Gas Group Co's current Return-on-Tangible-Equity of 12.90% is 15.7% 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-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 JiaXing Gas Group Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 11.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JiaXing Gas Group Co's current Return-on-Tangible-Equity is 12.90%, which is 33% below median its own 10-year median of 19.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JiaXing Gas Group Co stock overvalued right now?
Based on GuruFocus' analysis, JiaXing Gas Group Co (HKSE:09908) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$7.24, compared to a current price of HK$8.48 — trading 17.1% above its estimated fair value. The current Return-on-Tangible-Equity is 12.90%, which is 33% below median its 10-year median of 19.17 and 15.7% above the Utilities - Regulated industry median of 11.15. JiaXing Gas Group Co's overall GF Score™ is 80/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For JiaXing Gas Group Co (HKSE:09908), the current Return-on-Tangible-Equity is 12.90% 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 JiaXing Gas Group Co (HKSE:09908) Overvalued in 2026?
Based on GuruFocus' analysis, JiaXing Gas Group Co stock appears to be overvalued.
The current stock price of HK$8.48 is trading 17.1% above its estimated GF Value™ of HK$7.24.
GuruFocus considers JiaXing Gas Group Co to be Modestly Overvalued.
Key valuation signals for HKSE:09908:
Return-on-Tangible-Equity: 12.90% (33% below median its 10-year median of 19.17)
GF Value™: HK$7.24 vs. price of HK$8.48 (17.1% above fair value)
Industry Position: 15.7% above the Utilities - Regulated median (#207 of 494)
No single metric tells the full story. See the HKSE:09908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JiaXing Gas Group Co Ltd is engaged in the sale of gas, mainly piped natural gas(PNG) (under the concessions), liquefied natural gas (LNG) and liquefied petroleum gas (LPG) in Jiaxing; (ii) provision of construction and installation services; and (iii) other activities, including provision of natural gas transportation services, sale of vapour and construction materials, and leasing of properties, etc. Geographically, the company generates all of its revenue from Mainland China.
80GF Score
Get the complete analysis for HKSE:09908
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:09908 has been successfully added to your 
