Great Taipei GasTPE:9908 +0.51%87 ROE % 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 504 Utilities - Regulated companies, Great Taipei Gas ranks worse than 66.07% on this metric.
The historical rank and industry rank for Great Taipei Gas's ROE % or its related term are showing as below:
TPE:9908'
s ROE % 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 ROE % was 9.06%. The lowest was 6.21%. And the median was 7.22%.
TPE:9908's ROE % is ranked worse than 66.07% of 504
companies
in the Utilities - Regulated industry
Industry Median: 8.685
vs TPE:9908: 6.30
Great Taipei Gas (TPE:9908) 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.
Great Taipei Gas ROE % Related Terms
Great Taipei Gas ROE % Historical Data
* Premium members only.
The historical data trend for Great Taipei Gas's ROE % 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.
For the Utilities - Regulated Gas subindustry, Great Taipei 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.
Great Taipei Gas ROE % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Great Taipei Gas's ROE % distribution charts can be found below:
* The bar in red indicates where Great Taipei 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.
Great Taipei Gas (TPE:9908) has a ROE % of 2.62% 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 Great Taipei Gas and its competitors. This is 64% below median its historical median of 7.22. Over the past decade, Great Taipei Gas' ROE % has ranged from 6.21 to 9.06. According to the industry distribution chart, Great Taipei Gas ranks #333 out of 504 companies in the Utilities - Regulated industry, placing it in the top 66.1%.
Is Great Taipei Gas' ROE % too high?
Great Taipei Gas' current ROE % 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 ROE % is 8.69. Great Taipei Gas' value of 2.62% is 69.8% below this industry median. Based on the distribution chart, Great Taipei Gas ranks #333 out of 504 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' ROE % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Great Taipei Gas ranks #333 out of 504 companies for ROE %. This places Great Taipei Gas in the lower half of its industry. The industry median ROE % is 8.69. Great Taipei Gas' value of 2.62% is 69.8% below this benchmark. Historically, Great Taipei Gas' own ROE % 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 8.69, 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 ROE % for an Utilities - Regulated company?
The median ROE % among Utilities - Regulated companies is 8.69, based on 504 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. Great Taipei Gas's current ROE % of 2.62% is 69.8% 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 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 Great Taipei Gas and its competitors. For the Utilities - Regulated industry, the median ROE % is 8.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Great Taipei Gas's current ROE % 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$29.80 — trading 5.6% below its estimated fair value. The current ROE % is 2.62%, which is 64% below median its 10-year median of 7.22 and 69.8% below the Utilities - Regulated industry median of 8.69. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Great Taipei Gas (TPE:9908), the current ROE % 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$29.80 is trading 5.6% below its estimated GF Value™ of NT$31.57.
GuruFocus considers Great Taipei Gas to be Fairly Valued.
Key valuation signals for TPE:9908:
ROE %: 2.62% (64% below median its 10-year median of 7.22)
GF Value™: NT$31.57 vs. price of NT$29.80 (5.6% below fair value)
Industry Position: 69.8% below the Utilities - Regulated median (#333 of 504)
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
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