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Shin HsiungNatural GasROCO:8908 -0.51%80 Return-on-Tangible-Equity is 17.61% as of Dec. 2025, which is 16% above its 10-year median of 15.14. GuruFocus rates ROCO:8908 with a GF Score™ of 80/100 and a GF Value™ of NT$77.33 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 497 Utilities - Regulated companies, Shin HsiungNatural Gas ranks better than 68.01% 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. Shin HsiungNatural Gas's annualized net income for the quarter that ended in Dec. 2025 was NT$771 Mil. Shin HsiungNatural Gas's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$4,379 Mil. Therefore, Shin HsiungNatural Gas's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 17.61%.
The historical rank and industry rank for Shin HsiungNatural Gas's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:8908'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.23 Med: 15.14 Max: 17.08
Current: 16.14
During the past 13 years, Shin HsiungNatural Gas's highest Return-on-Tangible-Equity was 17.08%. The lowest was 11.23%. And the median was 15.14%.
ROCO:8908's Return-on-Tangible-Equity is ranked better than 68.01% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.9
vs ROCO:8908: 16.14
Shin HsiungNatural Gas (ROCO:8908) 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.
Shin HsiungNatural Gas Return-on-Tangible-Equity Related Terms
Shin HsiungNatural Gas Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shin HsiungNatural Gas'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.
Shin HsiungNatural Gas Return-on-Tangible-Equity Chart
ROCO:8908 vs ATO, NI, UGI: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Gas subindustry, Shin HsiungNatural Gas'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.
Shin HsiungNatural Gas Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Shin HsiungNatural Gas's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shin HsiungNatural Gas'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 (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 17.61% mean?
Shin HsiungNatural Gas (ROCO:8908) has a Return-on-Tangible-Equity of 17.61% 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 Shin HsiungNatural Gas and its competitors. This is 16% above median its historical median of 15.14. Over the past decade, Shin HsiungNatural Gas' Return-on-Tangible-Equity has ranged from 11.23 to 17.08. According to the industry distribution chart, Shin HsiungNatural Gas ranks #159 out of 497 companies in the Utilities - Regulated industry, placing it in the top 32%.
Is Shin HsiungNatural Gas' Return-on-Tangible-Equity too high?
Shin HsiungNatural Gas' current Return-on-Tangible-Equity of 17.61% is 16% above median its 10-year median of 15.14. Over the past 10 years, this metric has ranged from a low of 11.23 to a high of 17.08. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.90. Shin HsiungNatural Gas' value of 17.61% is 61.6% above this industry median. Based on the distribution chart, Shin HsiungNatural Gas ranks #159 out of 497 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Shin HsiungNatural Gas has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shin HsiungNatural Gas' Return-on-Tangible-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Shin HsiungNatural Gas ranks #159 out of 497 companies for Return-on-Tangible-Equity. This puts Shin HsiungNatural Gas in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.90. Shin HsiungNatural Gas' value of 17.61% is 61.6% above this benchmark. Historically, Shin HsiungNatural Gas' own Return-on-Tangible-Equity has ranged from 11.23 to 17.08 over the past decade. While the company's 10-year median is 15.14 vs. the industry median of 10.90, Shin HsiungNatural Gas 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. Shin HsiungNatural Gas's current Return-on-Tangible-Equity of 17.61% is 61.6% 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 Shin HsiungNatural Gas 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. Shin HsiungNatural Gas's current Return-on-Tangible-Equity is 17.61%, which is 16% above median its own 10-year median of 15.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin HsiungNatural Gas stock overvalued right now?
Based on GuruFocus' analysis, Shin HsiungNatural Gas (ROCO:8908) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$77.33, compared to a current price of NT$38.90 — trading 49.7% below its estimated fair value. The current Return-on-Tangible-Equity is 17.61%, which is 16% above median its 10-year median of 15.14 and 61.6% above the Utilities - Regulated industry median of 10.90. Shin HsiungNatural Gas' overall GF Score™ is 80/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Shin HsiungNatural Gas (ROCO:8908), the current Return-on-Tangible-Equity is 17.61% 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 Shin HsiungNatural Gas (ROCO:8908) Overvalued in 2026?
Based on GuruFocus' analysis, Shin HsiungNatural Gas stock appears to be undervalued.
The current stock price of NT$38.90 is trading 49.7% below its estimated GF Value™ of NT$77.33.
GuruFocus considers Shin HsiungNatural Gas to be Significantly Undervalued.
Key valuation signals for ROCO:8908:
Return-on-Tangible-Equity: 17.61% (16% above median its 10-year median of 15.14)
GF Value™: NT$77.33 vs. price of NT$38.90 (49.7% below fair value)
Industry Position: 61.6% above the Utilities - Regulated median (#159 of 497)
No single metric tells the full story. See the ROCO:8908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shin HsiungNatural Gas Inc includes gas supply through pipelines, manufacturing and sales of gas equipment, rental, sales and manufacturing of gas meters, and installation, maintenance and import of the related equipment. Its segments include Gas Sale Department engaged in the supply of natural gas; Installation Department engaged in the business of gas transmission conduits and equipment; Solar Electricity Sale Department engaged in the business of sale of electricity generated by solar energy; and Construction Department engaged in the construction, leasing and sale of commercial buildings and residential properties. It derives majority of the revenue from Gas Sale Department segment.
80GF Score
Get the complete analysis for ROCO:8908
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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