Shin Shin Natural Gas CoTPE:9918 84 Return-on-Tangible-Equity is 6.57% as of Dec. 2025, which is 25% below its 10-year median of 8.80. GuruFocus rates TPE:9918 with a GF Score™ of 84/100 and a GF Value™ of NT$42.90 (Fairly Valued). The stock has 2 warning signs investors should review. Among 497 Utilities - Regulated companies, Shin Shin Natural Gas Co ranks worse than 59.56% 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 Shin Natural Gas Co's annualized net income for the quarter that ended in Dec. 2025 was NT$216 Mil. Shin Shin Natural Gas Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$3,284 Mil. Therefore, Shin Shin Natural Gas Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 6.57%.
The historical rank and industry rank for Shin Shin Natural Gas Co's Return-on-Tangible-Equity or its related term are showing as below:
TPE:9918'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.7 Med: 8.8 Max: 12.28
Current: 8.85
During the past 13 years, Shin Shin Natural Gas Co's highest Return-on-Tangible-Equity was 12.28%. The lowest was 4.70%. And the median was 8.80%.
TPE:9918's Return-on-Tangible-Equity is ranked worse than 59.56% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.9
vs TPE:9918: 8.85
Shin Shin Natural Gas Co (TPE:9918) 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 Shin Natural Gas Co Return-on-Tangible-Equity Related Terms
Shin Shin Natural Gas Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shin Shin 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.
Shin Shin Natural Gas Co Return-on-Tangible-Equity Chart
TPE:9918 vs ATO, NI, UGI: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Gas subindustry, Shin Shin 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.
Shin Shin Natural Gas Co Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Shin Shin Natural Gas Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shin Shin 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 (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 6.57% mean?
Shin Shin Natural Gas Co (TPE:9918) has a Return-on-Tangible-Equity of 6.57% 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 Shin Natural Gas Co and its competitors. This is 25% below median its historical median of 8.80. Over the past decade, Shin Shin Natural Gas Co's Return-on-Tangible-Equity has ranged from 4.70 to 12.28. According to the industry distribution chart, Shin Shin Natural Gas Co ranks #296 out of 497 companies in the Utilities - Regulated industry, placing it in the top 59.6%.
Is Shin Shin Natural Gas Co's Return-on-Tangible-Equity too high?
Shin Shin Natural Gas Co's current Return-on-Tangible-Equity of 6.57% is 25% below median its 10-year median of 8.80. Over the past 10 years, this metric has ranged from a low of 4.70 to a high of 12.28. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.90. Shin Shin Natural Gas Co's value of 6.57% is 39.7% below this industry median. Based on the distribution chart, Shin Shin Natural Gas Co ranks #296 out of 497 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Shin Shin Natural Gas Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shin Shin Natural Gas Co's Return-on-Tangible-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Shin Shin Natural Gas Co ranks #296 out of 497 companies for Return-on-Tangible-Equity. This places Shin Shin Natural Gas Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 10.90. Shin Shin Natural Gas Co's value of 6.57% is 39.7% below this benchmark. Historically, Shin Shin Natural Gas Co's own Return-on-Tangible-Equity has ranged from 4.70 to 12.28 over the past decade. While the company's 10-year median is 8.80 vs. the industry median of 10.90, Shin Shin Natural Gas Co 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. Shin Shin Natural Gas Co's current Return-on-Tangible-Equity of 6.57% is 39.7% 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 Shin Shin Natural 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. Shin Shin Natural Gas Co's current Return-on-Tangible-Equity is 6.57%, which is 25% below median its own 10-year median of 8.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin Shin Natural Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Shin Shin Natural Gas Co (TPE:9918) is currently considered Fairly Valued. The stock's GF Value™ is NT$42.90, compared to a current price of NT$43.75 — trading 2% above its estimated fair value. The current Return-on-Tangible-Equity is 6.57%, which is 25% below median its 10-year median of 8.80 and 39.7% below the Utilities - Regulated industry median of 10.90. Shin Shin Natural Gas Co's overall GF Score™ is 84/100 with 2 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 Shin Natural Gas Co (TPE:9918), the current Return-on-Tangible-Equity is 6.57% 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 Shin Natural Gas Co (TPE:9918) Overvalued in 2026?
Based on GuruFocus' analysis, Shin Shin Natural Gas Co stock appears to be overvalued.
The current stock price of NT$43.75 is trading 2% above its estimated GF Value™ of NT$42.90.
GuruFocus considers Shin Shin Natural Gas Co to be Fairly Valued.
Key valuation signals for TPE:9918:
Return-on-Tangible-Equity: 6.57% (25% below median its 10-year median of 8.80)
GF Value™: NT$42.90 vs. price of NT$43.75 (2% above fair value)
Industry Position: 39.7% below the Utilities - Regulated median (#296 of 497)
No single metric tells the full story. See the TPE:9918 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shin Shin Natural Gas Co Ltd is a Taiwan-based company engaged in the transmission of combustible natural gas by pipeline for non-industrial fuel supply, the installation of gas pipeline construction, and other related natural gas industry and affiliated businesses. The company mainly operates in two segments which are the Gas sales segment mainly responsible for the supply of natural gas to customers through pipelines and the Installation segment mainly responsible for the installation of natural gas transmission pipelines and gas safety equipment.
84GF Score
Get the complete analysis for TPE:9918
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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