Nippon Gas CoNPNGY 85 Return-on-Tangible-Equity is 48.80% as of Mar. 2026, which is 212% above its 10-year median of 15.65. GuruFocus rates NPNGY with a GF Score™ of 85/100 and a GF Value™ of $7.45 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 497 Utilities - Regulated companies, Nippon Gas Co ranks better than 79.28% 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. Nippon Gas Co's annualized net income for the quarter that ended in Mar. 2026 was $181 Mil. Nippon Gas Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $371 Mil. Therefore, Nippon Gas Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 48.80%.
The historical rank and industry rank for Nippon Gas Co's Return-on-Tangible-Equity or its related term are showing as below:
NPNGY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.72 Med: 15.65 Max: 25.13
Current: 25.13
During the past 13 years, Nippon Gas Co's highest Return-on-Tangible-Equity was 25.13%. The lowest was 6.72%. And the median was 15.65%.
NPNGY's Return-on-Tangible-Equity is ranked better than 79.28% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.9
vs NPNGY: 25.13
Nippon Gas Co (OTCPK:NPNGY) 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.
Nippon Gas Co Return-on-Tangible-Equity Related Terms
Nippon Gas Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nippon Gas 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.
NPNGY vs ATO, NI: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Gas subindustry, Nippon Gas 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.
Nippon Gas Co Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Nippon Gas Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nippon Gas 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 four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 48.80% mean?
Nippon Gas Co (NPNGY) has a Return-on-Tangible-Equity of 48.80% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nippon Gas Co and its competitors. This is 212% above median its historical median of 15.65. Over the past decade, Nippon Gas Co's Return-on-Tangible-Equity has ranged from 6.72 to 25.13. According to the industry distribution chart, Nippon Gas Co ranks #103 out of 497 companies in the Utilities - Regulated industry, placing it in the top 20.7%.
Is Nippon Gas Co's Return-on-Tangible-Equity too high?
Nippon Gas Co's current Return-on-Tangible-Equity of 48.80% is 212% above median its 10-year median of 15.65. Over the past 10 years, this metric has ranged from a low of 6.72 to a high of 25.13. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.90. Nippon Gas Co's value of 48.80% is 347.7% above this industry median. Based on the distribution chart, Nippon Gas Co ranks #103 out of 497 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Gas Co has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Gas Co's Return-on-Tangible-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Nippon Gas Co ranks #103 out of 497 companies for Return-on-Tangible-Equity. This places Nippon Gas Co in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.90. Nippon Gas Co's value of 48.80% is 347.7% above this benchmark. Historically, Nippon Gas Co's own Return-on-Tangible-Equity has ranged from 6.72 to 25.13 over the past decade. While the company's 10-year median is 15.65 vs. the industry median of 10.90, Nippon Gas 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 10.90, based on 497 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. Nippon Gas Co's current Return-on-Tangible-Equity of 48.80% is 347.7% 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 Nippon Gas Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Gas Co's current Return-on-Tangible-Equity is 48.80%, which is 212% above median its own 10-year median of 15.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Gas Co (NPNGY) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.45, compared to a current price of $8.67 — trading 16.3% above its estimated fair value. The current Return-on-Tangible-Equity is 48.80%, which is 212% above median its 10-year median of 15.65 and 347.7% above the Utilities - Regulated industry median of 10.90. Nippon Gas Co's overall GF Score™ is 85/100 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 Nippon Gas Co (NPNGY), the current Return-on-Tangible-Equity is 48.80% 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 Nippon Gas Co (NPNGY) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Gas Co stock appears to be overvalued.
The current stock price of $8.67 is trading 16.3% above its estimated GF Value™ of $7.45.
GuruFocus considers Nippon Gas Co to be Modestly Overvalued.
Key valuation signals for NPNGY:
Return-on-Tangible-Equity: 48.80% (212% above median its 10-year median of 15.65)
GF Value™: $7.45 vs. price of $8.67 (16.3% above fair value)
Industry Position: 347.7% above the Utilities - Regulated median (#103 of 497)
No single metric tells the full story. See the NPNGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Gas Co Ltd, or Nichigas, is a Japanese supplier of gas primarily in the Kanto region of Japan. The company segments its operations into LP Gas, City Gas, Electricity, and Life Products Businesses. LP Gas and City Gas are Nichigas' core segments, which engage in the distribution and sale of liquefied petroleum gas, or LPG, and city gas for consumer usage. The company's total revenue is split between sales of LPG and city gas, with LPG generating slightly more. Roughly half of Nichigas' customers are residential consumers in terms of sales volume, while the other half are commercial entities. With its subsidiaries, the company is also involved in the distribution and sale of liquefied natural gas, high-pressure gas, and gas appliances.
85GF Score
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