Hokkaido Gas Co (FRA:H8T) ROE % Adjusted to Book Value: 31.55% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:H8T Hokkaido Gas Co Ltd FRA:H8T
74 GF Score
Price €4.10
GF Value €3.02
! 2 Warning Signs
View Full Analysis

What is Hokkaido Gas Co ROE % Adjusted to Book Value?

Hokkaido Gas Co FRA:H8T +0.37% 74 ROE % Adjusted to Book Value is 31.55% as of Mar. 2026. GuruFocus rates FRA:H8T with a GF Score™ of 74/100 and a GF Value™ of €3.02. The stock has 2 warning signs investors should review.

Hokkaido Gas Co's ROE % for the quarter that ended in Mar. 2026 was 24.29%. Hokkaido Gas Co's PB Ratio for the quarter that ended in Mar. 2026 was 0.77. Hokkaido Gas Co's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 31.55%.


Hokkaido Gas Co ROE % Adjusted to Book Value Related Terms


Hokkaido Gas Co ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Hokkaido Gas Co's ROE % Adjusted to Book Value 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.

Hokkaido Gas Co ROE % Adjusted to Book Value Chart

Hokkaido Gas Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 15.30

Hokkaido Gas Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 31.55

FRA:H8T vs ATO, NI: ROE % Adjusted to Book Value Comparison

For the Utilities - Regulated Gas subindustry, Hokkaido Gas Co's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.


Hokkaido Gas Co ROE % Adjusted to Book Value vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hokkaido Gas Co's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Hokkaido Gas Co's ROE % Adjusted to Book Value falls into.


FRA:H8T
74GF Score
Hokkaido Gas Co Ltd FRA:H8T
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hokkaido Gas Co ROE % Adjusted to Book Value Calculation

Hokkaido Gas Co's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=11.78% / 0.77
=15.30%

Hokkaido Gas Co's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=24.29% / 0.77
=31.55%

* 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.

What does a ROE % Adjusted to Book Value of 31.55% mean?
Hokkaido Gas Co (FRA:H8T) has a ROE % Adjusted to Book Value of 31.55% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Hokkaido Gas Co and its competitors.
Is Hokkaido Gas Co's ROE % Adjusted to Book Value too high?
Hokkaido Gas Co's current ROE % Adjusted to Book Value is 31.55%. Overall, Hokkaido Gas Co has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Hokkaido Gas Co's ROE % Adjusted to Book Value compare to ATO and NI?
Hokkaido Gas Co's ROE % Adjusted to Book Value of 31.55% can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Utilities - Regulated company?
A good ROE % Adjusted to Book Value depends on the Utilities - Regulated industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Hokkaido Gas Co and its competitors. Hokkaido Gas Co's current ROE % Adjusted to Book Value is 31.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokkaido Gas Co stock overvalued right now?
Hokkaido Gas Co (FRA:H8T) has a current ROE % Adjusted to Book Value of 31.55%. The stock's GF Value™ is €3.02, compared to a current price of €4.10 — trading 35.8% above its estimated fair value. The current ROE % Adjusted to Book Value is 31.55%. Hokkaido Gas Co's overall GF Score™ is 74/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Hokkaido Gas Co (FRA:H8T), the current ROE % Adjusted to Book Value is 31.55% 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 Hokkaido Gas Co (FRA:H8T) Overvalued in 2026?

Based on GuruFocus' analysis, Hokkaido Gas Co stock appears to be overvalued. The current stock price of €4.10 is trading 35.8% above its estimated GF Value™ of €3.02.

Key valuation signals for FRA:H8T:

  • ROE % Adjusted to Book Value: 31.55%
  • GF Value™: €3.02 vs. price of €4.10 (35.8% above fair value)
  • GF Score™: 74/100 with 2 warning signs

No single metric tells the full story. See the FRA:H8T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hokkaido Gas Co Business Description

Other Exchanges 9534:Japan
Address Kita 7-jo Higashi 2-chome 1-1, Sapporo City Higashi Ward, Sapporo, JPN
Hokkaido Gas Co Ltd is a Japan-based company operating in the utility sector. Its business activities included gas, heat supply, power supply, and sale of gas by-products. The company is also engaged in the production and sale of gas appliances and related construction work. Hokkaido serves to individual and corporate customers in areas throughout Japan including Sapporo, Otaru, Hakodate, Chitose, Ishikari, Kitahiroshima, Eniwa, Hokuto, and Kitami.
74GF Score

Get the complete analysis for FRA:H8T

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.10
Price
€3.02
GF Value