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Shin Shin Natural Gas CoTPE:9918 +0.46%84 3-Year ROIIC % is 4.81 as of Dec. 2025, which is 13% above its 10-year median of 4.24. GuruFocus rates TPE:9918 with a GF Score™ of 84/100 and a GF Value™ of NT$42.92 (Fairly Valued). The stock has 2 warning signs investors should review. Among 478 Utilities - Regulated companies, Shin Shin Natural Gas Co ranks better than 53.35% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Shin Shin Natural Gas Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 4.81%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Shin Shin Natural Gas Co's 3-Year ROIIC % or its related term are showing as below:
TPE:9918's 3-Year ROIIC % is ranked better than 53.35% of 478
companies
in the Utilities - Regulated industry
Industry Median: 3.845
vs TPE:9918: 4.81
Shin Shin Natural Gas Co (TPE:9918) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Shin Shin Natural Gas Co 3-Year ROIIC % Related Terms
Shin Shin Natural Gas Co 3-Year ROIIC % Historical 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.
TPE:9918 vs ATO, NI, UGI: 3-Year ROIIC % Comparison
For the Utilities - Regulated Gas subindustry, Shin Shin Natural Gas Co's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Shin Shin Natural Gas Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Shin Shin Natural Gas Co's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Shin Shin Natural Gas Co (TPE:9918) has a 3-Year ROIIC % of 4.81 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Shin Shin Natural Gas Co and its competitors. This is 13% above median its historical median of 4.24. According to the industry distribution chart, Shin Shin Natural Gas Co ranks #223 out of 478 companies in the Utilities - Regulated industry, placing it in the top 46.7%.
Is Shin Shin Natural Gas Co's 3-Year ROIIC % too high?
Shin Shin Natural Gas Co's current 3-Year ROIIC % of 4.81 is 13% above median its 10-year median of 4.24. The Utilities - Regulated industry median 3-Year ROIIC % is 3.85. Shin Shin Natural Gas Co's value of 4.81 is 25.1% above this industry median. Based on the distribution chart, Shin Shin Natural Gas Co ranks #223 out of 478 companies in the Utilities - Regulated industry, which is above 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 3-Year ROIIC % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Shin Shin Natural Gas Co ranks #223 out of 478 companies for 3-Year ROIIC %. This puts Shin Shin Natural Gas Co in the upper half of its industry. The industry median 3-Year ROIIC % is 3.85. Shin Shin Natural Gas Co's value of 4.81 is 25.1% above this benchmark. While the company's 10-year median is 4.24 vs. the industry median of 3.85, Shin Shin Natural Gas Co 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 3-Year ROIIC % for an Utilities - Regulated company?
The median 3-Year ROIIC % among Utilities - Regulated companies is 3.85, based on 478 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shin Shin Natural Gas Co's current 3-Year ROIIC % of 4.81 is 25.1% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Shin Shin Natural Gas Co and its competitors. For the Utilities - Regulated industry, the median 3-Year ROIIC % is 3.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin Shin Natural Gas Co's current 3-Year ROIIC % is 4.81, which is 13% above median its own 10-year median of 4.24. 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$42.92, compared to a current price of NT$44.00 — trading 2.5% above its estimated fair value. The current 3-Year ROIIC % is 4.81, which is 13% above median its 10-year median of 4.24 and 25.1% above the Utilities - Regulated industry median of 3.85. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Shin Shin Natural Gas Co (TPE:9918), the current 3-Year ROIIC % is 4.81 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$44.00 is trading 2.5% above its estimated GF Value™ of NT$42.92.
GuruFocus considers Shin Shin Natural Gas Co to be Fairly Valued.
Key valuation signals for TPE:9918:
3-Year ROIIC %: 4.81 (13% above median its 10-year median of 4.24)
GF Value™: NT$42.92 vs. price of NT$44.00 (2.5% above fair value)
Industry Position: 25.1% above the Utilities - Regulated median (#223 of 478)
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
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