Shin HsiungNatural GasROCO:8908 79 ROA % is 6.74% as of Dec. 2025, which is 2% above its 10-year median of 6.62. GuruFocus rates ROCO:8908 with a GF Score™ of 79/100 and a GF Value™ of NT$76.87 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 513 Utilities - Regulated companies, Shin HsiungNatural Gas ranks better than 82.65% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Shin HsiungNatural Gas's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$771 Mil.
Shin HsiungNatural Gas's average Total Assets over the quarter that ended in Dec. 2025 was NT$11,444 Mil. Therefore, Shin HsiungNatural Gas's annualized ROA % for the quarter that ended in Dec. 2025 was 6.74%.
The historical rank and industry rank for Shin HsiungNatural Gas's ROA % or its related term are showing as below:
ROCO:8908'
s ROA % Range Over the Past 10 Years
Min: 5.48 Med: 6.62 Max: 7.9
Current: 6.39
During the past 13 years, Shin HsiungNatural Gas's highest ROA % was 7.90%. The lowest was 5.48%. And the median was 6.62%.
ROCO:8908's ROA % is ranked better than 82.65% of 513
companies
in the Utilities - Regulated industry
Industry Median: 3.05
vs ROCO:8908: 6.39
Shin HsiungNatural Gas (ROCO:8908) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the Utilities - Regulated Gas subindustry, Shin HsiungNatural Gas's ROA %, along with its competitors' market caps and ROA % 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 HsiungNatural Gas ROA % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Shin HsiungNatural Gas's ROA % distribution charts can be found below:
* The bar in red indicates where Shin HsiungNatural Gas's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Shin HsiungNatural Gas (ROCO:8908) has a ROA % of 6.74% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Shin HsiungNatural Gas and its competitors. This is near median its historical median of 6.62. Over the past decade, Shin HsiungNatural Gas' ROA % has ranged from 5.48 to 7.90. According to the industry distribution chart, Shin HsiungNatural Gas ranks #89 out of 513 companies in the Utilities - Regulated industry, placing it in the top 17.3%.
Is Shin HsiungNatural Gas' ROA % too high?
Shin HsiungNatural Gas' current ROA % of 6.74% is near median its 10-year median of 6.62. Over the past 10 years, this metric has ranged from a low of 5.48 to a high of 7.90. The Utilities - Regulated industry median ROA % is 3.05. Shin HsiungNatural Gas' value of 6.74% is 121% above this industry median. Based on the distribution chart, Shin HsiungNatural Gas ranks #89 out of 513 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Shin HsiungNatural Gas has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shin HsiungNatural Gas' ROA % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Shin HsiungNatural Gas ranks #89 out of 513 companies for ROA %. This places Shin HsiungNatural Gas in the top 17% of its industry — outperforming the majority of peers. The industry median ROA % is 3.05. Shin HsiungNatural Gas' value of 6.74% is 121% above this benchmark. Historically, Shin HsiungNatural Gas' own ROA % has ranged from 5.48 to 7.90 over the past decade. While the company's 10-year median is 6.62 vs. the industry median of 3.05, Shin HsiungNatural Gas 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 ROA % for an Utilities - Regulated company?
The median ROA % among Utilities - Regulated companies is 3.05, based on 513 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shin HsiungNatural Gas's current ROA % of 6.74% is 121% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Shin HsiungNatural Gas and its competitors. For the Utilities - Regulated industry, the median ROA % is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin HsiungNatural Gas's current ROA % is 6.74%, which is near median its own 10-year median of 6.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin HsiungNatural Gas stock overvalued right now?
Based on GuruFocus' analysis, Shin HsiungNatural Gas (ROCO:8908) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$76.87, compared to a current price of NT$41.75 — trading 45.7% below its estimated fair value. The current ROA % is 6.74%, which is near median its 10-year median of 6.62 and 121% above the Utilities - Regulated industry median of 3.05. Shin HsiungNatural Gas' overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Shin HsiungNatural Gas (ROCO:8908), the current ROA % is 6.74% 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 HsiungNatural Gas (ROCO:8908) Overvalued in 2026?
Based on GuruFocus' analysis, Shin HsiungNatural Gas stock appears to be undervalued.
The current stock price of NT$41.75 is trading 45.7% below its estimated GF Value™ of NT$76.87.
GuruFocus considers Shin HsiungNatural Gas to be Significantly Undervalued.
Key valuation signals for ROCO:8908:
ROA %: 6.74% (near median its 10-year median of 6.62)
GF Value™: NT$76.87 vs. price of NT$41.75 (45.7% below fair value)
Industry Position: 121% above the Utilities - Regulated median (#89 of 513)
No single metric tells the full story. See the ROCO:8908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shin HsiungNatural Gas Inc includes gas supply through pipelines, manufacturing and sales of gas equipment, rental, sales and manufacturing of gas meters, and installation, maintenance and import of the related equipment. Its segments include Gas Sale Department engaged in the supply of natural gas; Installation Department engaged in the business of gas transmission conduits and equipment; Solar Electricity Sale Department engaged in the business of sale of electricity generated by solar energy; and Construction Department engaged in the construction, leasing and sale of commercial buildings and residential properties. It derives majority of the revenue from Gas Sale Department segment.
79GF Score
Get the complete analysis for ROCO:8908
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