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The historical rank and industry rank for Xinjiang East Universe (Group) Gas Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603706'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.78 Med: 13.23 Max: 40.87
Current: 15.91
During the past 12 years, Xinjiang East Universe (Group) Gas Co's highest Return-on-Tangible-Equity was 40.87%. The lowest was 8.78%. And the median was 13.23%.
SHSE:603706's Return-on-Tangible-Equity is ranked better than 67.41% of 494
companies
in the Utilities - Regulated industry
Industry Median: 10.935
vs SHSE:603706: 15.91
Xinjiang East Universe (Group) Gas Co (SHSE:603706) 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.
Xinjiang East Universe (Group) Gas Co Return-on-Tangible-Equity Related Terms
Xinjiang East Universe (Group) Gas Co Return-on-Tangible-Equity Historical Data
* 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.
Xinjiang East Universe (Group) Gas Co Return-on-Tangible-Equity Chart
SHSE:603706 vs ATO, NI: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Gas subindustry, Xinjiang East Universe (Group) 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.
Xinjiang East Universe (Group) Gas Co Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Xinjiang East Universe (Group) Gas Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Xinjiang East Universe (Group) 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 26.39% mean?
Xinjiang East Universe (Group) Gas Co (SHSE:603706) has a Return-on-Tangible-Equity of 26.39% 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 Xinjiang East Universe (Group) Gas Co and its competitors. This is 99% above median its historical median of 13.23. Over the past decade, Xinjiang East Universe (Group) Gas Co's Return-on-Tangible-Equity has ranged from 8.78 to 40.87. According to the industry distribution chart, Xinjiang East Universe (Group) Gas Co ranks #161 out of 494 companies in the Utilities - Regulated industry, placing it in the top 32.6%.
Is Xinjiang East Universe (Group) Gas Co's Return-on-Tangible-Equity too high?
Xinjiang East Universe (Group) Gas Co's current Return-on-Tangible-Equity of 26.39% is 99% above median its 10-year median of 13.23. Over the past 10 years, this metric has ranged from a low of 8.78 to a high of 40.87. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.94. Xinjiang East Universe (Group) Gas Co's value of 26.39% is 141.3% above this industry median. Based on the distribution chart, Xinjiang East Universe (Group) Gas Co ranks #161 out of 494 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Xinjiang East Universe (Group) Gas Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Xinjiang East Universe (Group) Gas Co's Return-on-Tangible-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Xinjiang East Universe (Group) Gas Co ranks #161 out of 494 companies for Return-on-Tangible-Equity. This puts Xinjiang East Universe (Group) Gas Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.94. Xinjiang East Universe (Group) Gas Co's value of 26.39% is 141.3% above this benchmark. Historically, Xinjiang East Universe (Group) Gas Co's own Return-on-Tangible-Equity has ranged from 8.78 to 40.87 over the past decade. While the company's 10-year median is 13.23 vs. the industry median of 10.94, Xinjiang East Universe (Group) 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 10.94, 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. Xinjiang East Universe (Group) Gas Co's current Return-on-Tangible-Equity of 26.39% is 141.3% 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 Xinjiang East Universe (Group) Gas Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xinjiang East Universe (Group) Gas Co's current Return-on-Tangible-Equity is 26.39%, which is 99% above median its own 10-year median of 13.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xinjiang East Universe (Group) Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Xinjiang East Universe (Group) Gas Co (SHSE:603706) is currently considered Fairly Valued. The stock's GF Value™ is ¥18.93, compared to a current price of ¥18.95 — trading 0.1% above its estimated fair value. The current Return-on-Tangible-Equity is 26.39%, which is 99% above median its 10-year median of 13.23 and 141.3% above the Utilities - Regulated industry median of 10.94. Xinjiang East Universe (Group) Gas Co's overall GF Score™ is 89/100 with 1 warning sign 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 Xinjiang East Universe (Group) Gas Co (SHSE:603706), the current Return-on-Tangible-Equity is 26.39% 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 Xinjiang East Universe (Group) Gas Co (SHSE:603706) Overvalued in 2026?
Based on GuruFocus' analysis, Xinjiang East Universe (Group) Gas Co stock appears to be overvalued.
The current stock price of ¥18.95 is trading 0.1% above its estimated GF Value™ of ¥18.93.
GuruFocus considers Xinjiang East Universe (Group) Gas Co to be Fairly Valued.
Key valuation signals for SHSE:603706:
Return-on-Tangible-Equity: 26.39% (99% above median its 10-year median of 13.23)
GF Value™: ¥18.93 vs. price of ¥18.95 (0.1% above fair value)
Industry Position: 141.3% above the Utilities - Regulated median (#161 of 494)
No single metric tells the full story. See the SHSE:603706 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Xinjiang East Universe (Group) Gas Co Ltd offers gas supplying services. It offers car gas products, residents living gas products, industrial gas products, commercial gas products and other gas equipment installation services.
89GF Score
Get the complete analysis for SHSE:603706
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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