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Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments.
Shin Hai Gas's 3-Year RORE % for the quarter that ended in Dec. 2025 was 3.17%.
The industry rank for Shin Hai Gas's 3-Year RORE % or its related term are showing as below:
TPE:9926's 3-Year RORE % is ranked worse than 55.06% of 494
companies
in the Utilities - Regulated industry
Industry Median: 6.515
vs TPE:9926: 3.17
Shin Hai Gas (TPE:9926) 3-Year RORE % Explanation
Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.
There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.
Be Aware
Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.
Shin Hai Gas 3-Year RORE % Related Terms
Shin Hai Gas 3-Year RORE % Historical Data
* Premium members only.
The historical data trend for Shin Hai Gas's 3-Year RORE % 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.
TPE:9926 vs ATO, NI, UGI: 3-Year RORE % Comparison
For the Utilities - Regulated Gas subindustry, Shin Hai Gas's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % 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 Hai Gas 3-Year RORE % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Shin Hai Gas's 3-Year RORE % distribution charts can be found below:
* The bar in red indicates where Shin Hai Gas's 3-Year RORE % 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 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Dec. 2025 and 3-year before.
Shin Hai Gas (TPE:9926) has a 3-Year RORE % of 3.17 as of Dec. 2025. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Shin Hai Gas and its competitors. According to the industry distribution chart, Shin Hai Gas ranks #272 out of 494 companies in the Utilities - Regulated industry, placing it in the top 55.1%.
Is Shin Hai Gas' 3-Year RORE % too high?
Shin Hai Gas' current 3-Year RORE % is 3.17. The Utilities - Regulated industry median 3-Year RORE % is 6.52. Shin Hai Gas' value of 3.17 is 51.3% below this industry median. Based on the distribution chart, Shin Hai Gas ranks #272 out of 494 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Shin Hai Gas has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shin Hai Gas' 3-Year RORE % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Shin Hai Gas ranks #272 out of 494 companies for 3-Year RORE %. This places Shin Hai Gas in the lower half of its industry. The industry median 3-Year RORE % is 6.52. Shin Hai Gas' value of 3.17 is 51.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year RORE % for an Utilities - Regulated company?
The median 3-Year RORE % among Utilities - Regulated companies is 6.52, based on 494 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year RORE % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year RORE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shin Hai Gas's current 3-Year RORE % of 3.17 is 51.3% 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 3-Year RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Shin Hai Gas and its competitors. For the Utilities - Regulated industry, the median 3-Year RORE % is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin Hai Gas's current 3-Year RORE % is 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin Hai Gas stock overvalued right now?
Based on GuruFocus' analysis, Shin Hai Gas (TPE:9926) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$58.26, compared to a current price of NT$50.80 — trading 12.8% below its estimated fair value. The current 3-Year RORE % is 3.17 and 51.3% below the Utilities - Regulated industry median of 6.52. Shin Hai Gas' overall GF Score™ is 92/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For Shin Hai Gas (TPE:9926), the current 3-Year RORE % is 3.17 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 Hai Gas (TPE:9926) Overvalued in 2026?
Based on GuruFocus' analysis, Shin Hai Gas stock appears to be undervalued.
The current stock price of NT$50.80 is trading 12.8% below its estimated GF Value™ of NT$58.26.
GuruFocus considers Shin Hai Gas to be Modestly Undervalued.
Key valuation signals for TPE:9926:
3-Year RORE %: 3.17
GF Value™: NT$58.26 vs. price of NT$50.80 (12.8% below fair value)
Industry Position: 51.3% below the Utilities - Regulated median (#272 of 494)
No single metric tells the full story. See the TPE:9926 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shin Hai Gas Corp is mainly engaged in natural gas supply service, natural gas transmission system construction, sale and installation of gas equipment, and operation and investment of type one telecommunications enterprise. The company's reportable segments include the Gas supply segment, Equipment segment, Telecommunication segment, and Others. The majority of its revenue is generated from the Gas supply segment, which derives income from the sales of natural gas.
92GF Score
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