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ENN Natural Gas CoSHSE:600803 +4.44%66 Return-on-Tangible-Equity is 16.11% as of Mar. 2026, which is 50% below its 10-year median of 31.96. GuruFocus rates SHSE:600803 with a GF Score™ of 66/100 and a GF Value™ of ¥17.88 (Fairly Valued). The stock has 4 warning signs investors should review. Among 496 Utilities - Regulated companies, ENN Natural Gas Co ranks better than 81.85% 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. ENN Natural Gas Co's annualized net income for the quarter that ended in Mar. 2026 was ¥2,620 Mil. ENN Natural Gas Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥16,260 Mil. Therefore, ENN Natural Gas Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 16.11%.
The historical rank and industry rank for ENN Natural Gas Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:600803'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.2 Med: 31.96 Max: 113.53
Current: 27.62
During the past 13 years, ENN Natural Gas Co's highest Return-on-Tangible-Equity was 113.53%. The lowest was 15.20%. And the median was 31.96%.
SHSE:600803's Return-on-Tangible-Equity is ranked better than 81.85% of 496
companies
in the Utilities - Regulated industry
Industry Median: 10.91
vs SHSE:600803: 27.62
ENN Natural Gas Co (SHSE:600803) 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.
ENN Natural Gas Co Return-on-Tangible-Equity Related Terms
ENN Natural Gas Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ENN Natural 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.
ENN Natural Gas Co Return-on-Tangible-Equity Chart
SHSE:600803 vs ATO, NI: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Gas subindustry, ENN Natural 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.
ENN Natural Gas Co Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, ENN Natural Gas Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ENN Natural 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 16.11% mean?
ENN Natural Gas Co (SHSE:600803) has a Return-on-Tangible-Equity of 16.11% 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 ENN Natural Gas Co and its competitors. This is 50% below median its historical median of 31.96. Over the past decade, ENN Natural Gas Co's Return-on-Tangible-Equity has ranged from 15.20 to 113.53. According to the industry distribution chart, ENN Natural Gas Co ranks #90 out of 496 companies in the Utilities - Regulated industry, placing it in the top 18.1%.
Is ENN Natural Gas Co's Return-on-Tangible-Equity too high?
ENN Natural Gas Co's current Return-on-Tangible-Equity of 16.11% is 50% below median its 10-year median of 31.96. Over the past 10 years, this metric has ranged from a low of 15.20 to a high of 113.53. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.91. ENN Natural Gas Co's value of 16.11% is 47.7% above this industry median. Based on the distribution chart, ENN Natural Gas Co ranks #90 out of 496 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, ENN Natural Gas Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ENN Natural Gas Co's Return-on-Tangible-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, ENN Natural Gas Co ranks #90 out of 496 companies for Return-on-Tangible-Equity. This places ENN Natural Gas Co in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.91. ENN Natural Gas Co's value of 16.11% is 47.7% above this benchmark. Historically, ENN Natural Gas Co's own Return-on-Tangible-Equity has ranged from 15.20 to 113.53 over the past decade. While the company's 10-year median is 31.96 vs. the industry median of 10.91, ENN Natural 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 10.91, based on 496 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. ENN Natural Gas Co's current Return-on-Tangible-Equity of 16.11% is 47.7% 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 ENN Natural Gas Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ENN Natural Gas Co's current Return-on-Tangible-Equity is 16.11%, which is 50% below median its own 10-year median of 31.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENN Natural Gas Co stock overvalued right now?
Based on GuruFocus' analysis, ENN Natural Gas Co (SHSE:600803) is currently considered Fairly Valued. The stock's GF Value™ is ¥17.88, compared to a current price of ¥17.86 — trading 0.1% below its estimated fair value. The current Return-on-Tangible-Equity is 16.11%, which is 50% below median its 10-year median of 31.96 and 47.7% above the Utilities - Regulated industry median of 10.91. ENN Natural Gas Co's overall GF Score™ is 66/100 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 ENN Natural Gas Co (SHSE:600803), the current Return-on-Tangible-Equity is 16.11% 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 ENN Natural Gas Co (SHSE:600803) Overvalued in 2026?
Based on GuruFocus' analysis, ENN Natural Gas Co stock appears to be undervalued.
The current stock price of ¥17.86 is trading 0.1% below its estimated GF Value™ of ¥17.88.
GuruFocus considers ENN Natural Gas Co to be Fairly Valued.
Key valuation signals for SHSE:600803:
Return-on-Tangible-Equity: 16.11% (50% below median its 10-year median of 31.96)
GF Value™: ¥17.88 vs. price of ¥17.86 (0.1% below fair value)
Industry Position: 47.7% above the Utilities - Regulated median (#90 of 496)
No single metric tells the full story. See the SHSE:600803 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ENN Natural Gas Co Ltd is a natural gas distributor. The company has formed four divisions, namely natural gas sales, integrated energy services, energy trade, and energy transmission and distribution. Its products include natural gas, coal, methanol, Dimethyl ether, Double junction silicon-based thin film solar panel, Ubiquitous energy efficiency platform, and Micro gas turbine.
66GF Score
Get the complete analysis for SHSE:600803
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