Shin HsiungNatural GasROCO:8908 79 ROE % is 17.61% as of Dec. 2025, which is 16% above its 10-year median of 15.14. 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 505 Utilities - Regulated companies, Shin HsiungNatural Gas ranks better than 81.58% on this metric.
The historical rank and industry rank for Shin HsiungNatural Gas's ROE % or its related term are showing as below:
ROCO:8908'
s ROE % Range Over the Past 10 Years
Min: 11.23 Med: 15.14 Max: 17.08
Current: 16.14
During the past 13 years, Shin HsiungNatural Gas's highest ROE % was 17.08%. The lowest was 11.23%. And the median was 15.14%.
ROCO:8908's ROE % is ranked better than 81.58% of 505
companies
in the Utilities - Regulated industry
Industry Median: 8.62
vs ROCO:8908: 16.14
Shin HsiungNatural Gas (ROCO:8908) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
* 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Shin HsiungNatural Gas's ROE % distribution charts can be found below:
* The bar in red indicates where Shin HsiungNatural Gas's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Shin HsiungNatural Gas (ROCO:8908) has a ROE % of 17.61% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Shin HsiungNatural Gas and its competitors. This is 16% above median its historical median of 15.14. Over the past decade, Shin HsiungNatural Gas' ROE % has ranged from 11.23 to 17.08. According to the industry distribution chart, Shin HsiungNatural Gas ranks #93 out of 505 companies in the Utilities - Regulated industry, placing it in the top 18.4%.
Is Shin HsiungNatural Gas' ROE % too high?
Shin HsiungNatural Gas' current ROE % of 17.61% is 16% above median its 10-year median of 15.14. Over the past 10 years, this metric has ranged from a low of 11.23 to a high of 17.08. The Utilities - Regulated industry median ROE % is 8.62. Shin HsiungNatural Gas' value of 17.61% is 104.3% above this industry median. Based on the distribution chart, Shin HsiungNatural Gas ranks #93 out of 505 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' ROE % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Shin HsiungNatural Gas ranks #93 out of 505 companies for ROE %. This places Shin HsiungNatural Gas in the top 18% of its industry — outperforming the majority of peers. The industry median ROE % is 8.62. Shin HsiungNatural Gas' value of 17.61% is 104.3% above this benchmark. Historically, Shin HsiungNatural Gas' own ROE % has ranged from 11.23 to 17.08 over the past decade. While the company's 10-year median is 15.14 vs. the industry median of 8.62, 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 ROE % for an Utilities - Regulated company?
The median ROE % among Utilities - Regulated companies is 8.62, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shin HsiungNatural Gas's current ROE % of 17.61% is 104.3% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Shin HsiungNatural Gas and its competitors. For the Utilities - Regulated industry, the median ROE % is 8.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin HsiungNatural Gas's current ROE % is 17.61%, which is 16% above median its own 10-year median of 15.14. 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 ROE % is 17.61%, which is 16% above median its 10-year median of 15.14 and 104.3% above the Utilities - Regulated industry median of 8.62. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Shin HsiungNatural Gas (ROCO:8908), the current ROE % is 17.61% 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:
ROE %: 17.61% (16% above median its 10-year median of 15.14)
GF Value™: NT$76.87 vs. price of NT$41.75 (45.7% below fair value)
Industry Position: 104.3% above the Utilities - Regulated median (#93 of 505)
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
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