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Great Taipei GasTPE:9908 +0.34%87 Return-on-Tangible-Equity is 2.62% as of Dec. 2025, which is 64% below its 10-year median of 7.22. GuruFocus rates TPE:9908 with a GF Score™ of 87/100 and a GF Value™ of NT$31.57 (Fairly Valued). The stock has 4 warning signs investors should review. Among 497 Utilities - Regulated companies, Great Taipei Gas ranks worse than 71.83% 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. Great Taipei Gas's annualized net income for the quarter that ended in Dec. 2025 was NT$365 Mil. Great Taipei Gas's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$13,907 Mil. Therefore, Great Taipei Gas's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 2.62%.
The historical rank and industry rank for Great Taipei Gas's Return-on-Tangible-Equity or its related term are showing as below:
TPE:9908'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.21 Med: 7.22 Max: 9.06
Current: 6.3
During the past 13 years, Great Taipei Gas's highest Return-on-Tangible-Equity was 9.06%. The lowest was 6.21%. And the median was 7.22%.
TPE:9908's Return-on-Tangible-Equity is ranked worse than 71.83% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.9
vs TPE:9908: 6.30
Great Taipei Gas (TPE:9908) 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.
Great Taipei Gas Return-on-Tangible-Equity Related Terms
Great Taipei Gas Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Great Taipei 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.
TPE:9908 vs ATO, NI, UGI: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Gas subindustry, Great Taipei 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.
Great Taipei Gas Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Great Taipei Gas's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Great Taipei 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 2.62% mean?
Great Taipei Gas (TPE:9908) has a Return-on-Tangible-Equity of 2.62% 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 Great Taipei Gas and its competitors. This is 64% below median its historical median of 7.22. Over the past decade, Great Taipei Gas' Return-on-Tangible-Equity has ranged from 6.21 to 9.06. According to the industry distribution chart, Great Taipei Gas ranks #357 out of 497 companies in the Utilities - Regulated industry, placing it in the top 71.8%.
Is Great Taipei Gas' Return-on-Tangible-Equity too high?
Great Taipei Gas' current Return-on-Tangible-Equity of 2.62% is 64% below median its 10-year median of 7.22. Over the past 10 years, this metric has ranged from a low of 6.21 to a high of 9.06. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.90. Great Taipei Gas' value of 2.62% is 76% below this industry median. Based on the distribution chart, Great Taipei Gas ranks #357 out of 497 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Great Taipei Gas has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Great Taipei Gas' Return-on-Tangible-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Great Taipei Gas ranks #357 out of 497 companies for Return-on-Tangible-Equity. This places Great Taipei Gas in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.90. Great Taipei Gas' value of 2.62% is 76% below this benchmark. Historically, Great Taipei Gas' own Return-on-Tangible-Equity has ranged from 6.21 to 9.06 over the past decade. While the company's 10-year median is 7.22 vs. the industry median of 10.90, Great Taipei Gas has consistently been below 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. Great Taipei Gas's current Return-on-Tangible-Equity of 2.62% is 76% below 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 Great Taipei 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. Great Taipei Gas's current Return-on-Tangible-Equity is 2.62%, which is 64% below median its own 10-year median of 7.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Taipei Gas stock overvalued right now?
Based on GuruFocus' analysis, Great Taipei Gas (TPE:9908) is currently considered Fairly Valued. The stock's GF Value™ is NT$31.57, compared to a current price of NT$29.85 — trading 5.4% below its estimated fair value. The current Return-on-Tangible-Equity is 2.62%, which is 64% below median its 10-year median of 7.22 and 76% below the Utilities - Regulated industry median of 10.90. Great Taipei Gas' overall GF Score™ is 87/100 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 Great Taipei Gas (TPE:9908), the current Return-on-Tangible-Equity is 2.62% 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 Great Taipei Gas (TPE:9908) Overvalued in 2026?
Based on GuruFocus' analysis, Great Taipei Gas stock appears to be undervalued.
The current stock price of NT$29.85 is trading 5.4% below its estimated GF Value™ of NT$31.57.
GuruFocus considers Great Taipei Gas to be Fairly Valued.
Key valuation signals for TPE:9908:
Return-on-Tangible-Equity: 2.62% (64% below median its 10-year median of 7.22)
GF Value™: NT$31.57 vs. price of NT$29.85 (5.4% below fair value)
Industry Position: 76% below the Utilities - Regulated median (#357 of 497)
No single metric tells the full story. See the TPE:9908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Great Taipei Gas Corp is engaged in the supply of gas, the manufacture and supply of gas equipment and related equipment, the marketing of gas equipment, the sale of meters and gauges (gas meters), the Type I telecommunications business, and the office building rental business. Its operating segments are: Gas sales department, which generates maximum revenue; Equipment department; Investment department; Telecom department; and Others.
87GF Score
Get the complete analysis for TPE:9908
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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