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Henan Lantian Gas CoSHSE:605368 -0.15%67 Return-on-Tangible-Equity is 15.05% as of Mar. 2026, which is 28% below its 10-year median of 20.82. GuruFocus rates SHSE:605368 with a GF Score™ of 67/100 and a GF Value™ of ¥8.62 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 497 Utilities - Regulated companies, Henan Lantian Gas Co ranks worse than 53.92% 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. Henan Lantian Gas Co's annualized net income for the quarter that ended in Mar. 2026 was ¥343 Mil. Henan Lantian Gas Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥2,280 Mil. Therefore, Henan Lantian Gas Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.05%.
The historical rank and industry rank for Henan Lantian Gas Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:605368'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.94 Med: 20.82 Max: 24.41
Current: 9.94
During the past 13 years, Henan Lantian Gas Co's highest Return-on-Tangible-Equity was 24.41%. The lowest was 9.94%. And the median was 20.82%.
SHSE:605368's Return-on-Tangible-Equity is ranked worse than 53.92% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.9
vs SHSE:605368: 9.94
Henan Lantian Gas Co (SHSE:605368) 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.
Henan Lantian Gas Co Return-on-Tangible-Equity Related Terms
Henan Lantian Gas Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Henan Lantian 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.
Henan Lantian Gas Co Return-on-Tangible-Equity Chart
SHSE:605368 vs ATO, NI: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Gas subindustry, Henan Lantian 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.
Henan Lantian Gas Co Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Henan Lantian Gas Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Henan Lantian 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 15.05% mean?
Henan Lantian Gas Co (SHSE:605368) has a Return-on-Tangible-Equity of 15.05% 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 Henan Lantian Gas Co and its competitors. This is 28% below median its historical median of 20.82. Over the past decade, Henan Lantian Gas Co's Return-on-Tangible-Equity has ranged from 9.94 to 24.41. According to the industry distribution chart, Henan Lantian Gas Co ranks #268 out of 497 companies in the Utilities - Regulated industry, placing it in the top 53.9%.
Is Henan Lantian Gas Co's Return-on-Tangible-Equity too high?
Henan Lantian Gas Co's current Return-on-Tangible-Equity of 15.05% is 28% below median its 10-year median of 20.82. Over the past 10 years, this metric has ranged from a low of 9.94 to a high of 24.41. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.90. Henan Lantian Gas Co's value of 15.05% is 38.1% above this industry median. Based on the distribution chart, Henan Lantian Gas Co ranks #268 out of 497 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Henan Lantian Gas Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Henan Lantian Gas Co's Return-on-Tangible-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Henan Lantian Gas Co ranks #268 out of 497 companies for Return-on-Tangible-Equity. This places Henan Lantian Gas Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.90. Henan Lantian Gas Co's value of 15.05% is 38.1% above this benchmark. Historically, Henan Lantian Gas Co's own Return-on-Tangible-Equity has ranged from 9.94 to 24.41 over the past decade. While the company's 10-year median is 20.82 vs. the industry median of 10.90, Henan Lantian 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. Henan Lantian Gas Co's current Return-on-Tangible-Equity of 15.05% is 38.1% 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 Henan Lantian 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. Henan Lantian Gas Co's current Return-on-Tangible-Equity is 15.05%, which is 28% below median its own 10-year median of 20.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henan Lantian Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Henan Lantian Gas Co (SHSE:605368) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥8.62, compared to a current price of ¥6.63 — trading 23.1% below its estimated fair value. The current Return-on-Tangible-Equity is 15.05%, which is 28% below median its 10-year median of 20.82 and 38.1% above the Utilities - Regulated industry median of 10.90. Henan Lantian Gas Co's overall GF Score™ is 67/100 with 8 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 Henan Lantian Gas Co (SHSE:605368), the current Return-on-Tangible-Equity is 15.05% 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 Henan Lantian Gas Co (SHSE:605368) Overvalued in 2026?
Based on GuruFocus' analysis, Henan Lantian Gas Co stock appears to be undervalued.
The current stock price of ¥6.63 is trading 23.1% below its estimated GF Value™ of ¥8.62.
GuruFocus considers Henan Lantian Gas Co to be Modestly Undervalued.
Key valuation signals for SHSE:605368:
Return-on-Tangible-Equity: 15.05% (28% below median its 10-year median of 20.82)
GF Value™: ¥8.62 vs. price of ¥6.63 (23.1% below fair value)
Industry Position: 38.1% above the Utilities - Regulated median (#268 of 497)
No single metric tells the full story. See the SHSE:605368 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Henan Lantian Gas Co Ltd is involved in the natural gas transmission and sales business. The company's natural gas branch has a total length of more than 700 kilometers and covers a population of more than 50 million.
67GF Score
Get the complete analysis for SHSE:605368
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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