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.
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.
Volcano BhdXKLS:0232 58 Equity-to-Asset is 0.70 as of Mar. 2026, which is 20% below its 10-year median of 0.88. GuruFocus rates XKLS:0232 with a GF Score™ of 58/100 and a GF Value™ of RM0.77 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 3,078 Industrial Products companies, Volcano Bhd ranks better than 73.42% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Volcano Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2026 was RM100.98 Mil. Volcano Bhd's Total Assets for the quarter that ended in Mar. 2026 was RM144.59 Mil.
Therefore, Volcano Bhd's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.70.
The historical rank and industry rank for Volcano Bhd's Equity-to-Asset or its related term are showing as below:
XKLS:0232'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.66 Med: 0.88 Max: 0.92
Current: 0.7
During the past 7 years, the highest Equity to Asset Ratio of Volcano Bhd was 0.92. The lowest was 0.66. And the median was 0.88.
XKLS:0232's Equity-to-Asset is ranked better than 73.42% of 3078
companies
in the Industrial Products industry
Industry Median: 0.56
vs XKLS:0232: 0.70
Volcano Bhd (XKLS:0232) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Volcano Bhd Equity-to-Asset Related Terms
Volcano Bhd Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Volcano Bhd's Equity-to-Asset 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.
XKLS:0232 vs CRS, ATI, MLI: Equity-to-Asset Comparison
For the Metal Fabrication subindustry, Volcano Bhd's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Volcano Bhd Equity-to-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Volcano Bhd's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Volcano Bhd's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Volcano Bhd's Equity to Asset Ratio for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
Volcano Bhd (XKLS:0232) has a Equity-to-Asset of 0.70 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Volcano Bhd and its competitors. This is 20% below median its historical median of 0.88. Over the past decade, Volcano Bhd's Equity-to-Asset has ranged from 0.66 to 0.92. According to the industry distribution chart, Volcano Bhd ranks #818 out of 3078 companies in the Industrial Products industry, placing it in the top 26.6%.
Is Volcano Bhd's Equity-to-Asset too high?
Volcano Bhd's current Equity-to-Asset of 0.70 is 20% below median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 0.92. The Industrial Products industry median Equity-to-Asset is 0.56. Volcano Bhd's value of 0.70 is 25% above this industry median. Based on the distribution chart, Volcano Bhd ranks #818 out of 3078 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Volcano Bhd has a GF Score™ of 58/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Volcano Bhd's Equity-to-Asset compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Volcano Bhd ranks #818 out of 3078 companies for Equity-to-Asset. This puts Volcano Bhd in the upper half of its industry. The industry median Equity-to-Asset is 0.56. Volcano Bhd's value of 0.70 is 25% above this benchmark. Historically, Volcano Bhd's own Equity-to-Asset has ranged from 0.66 to 0.92 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 0.56, Volcano Bhd 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 Equity-to-Asset for an Industrial Products company?
The median Equity-to-Asset among Industrial Products companies is 0.56, based on 3,078 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Volcano Bhd's current Equity-to-Asset of 0.70 is 25% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Volcano Bhd and its competitors. For the Industrial Products industry, the median Equity-to-Asset is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Volcano Bhd's current Equity-to-Asset is 0.70, which is 20% below median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Volcano Bhd stock overvalued right now?
Based on GuruFocus' analysis, Volcano Bhd (XKLS:0232) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.77, compared to a current price of RM0.26 — trading 66.2% below its estimated fair value. The current Equity-to-Asset is 0.70, which is 20% below median its 10-year median of 0.88 and 25% above the Industrial Products industry median of 0.56. Volcano Bhd's overall GF Score™ is 58/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Volcano Bhd (XKLS:0232), the current Equity-to-Asset is 0.70 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 Volcano Bhd (XKLS:0232) Overvalued in 2026?
Based on GuruFocus' analysis, Volcano Bhd stock appears to be undervalued.
The current stock price of RM0.26 is trading 66.2% below its estimated GF Value™ of RM0.77.
GuruFocus considers Volcano Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:0232:
Equity-to-Asset: 0.70 (20% below median its 10-year median of 0.88)
GF Value™: RM0.77 vs. price of RM0.26 (66.2% below fair value)
Industry Position: 25% above the Industrial Products median (#818 of 3078)
No single metric tells the full story. See the XKLS:0232 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Volcano Bhd is a manufacturer of parts and components. It manufactures metal and non-metal nameplates, plastic injection moulded parts, die-cut parts, electrical and electronics components, and automotive components. The company's reportable segments are Nameplate and Plastic Injection. The majority of its revenue is derived from the Nameplate segment. Its manufacturing facilities are located in Malaysia and Thailand to serve customers across various industries such as electrical and electronic, automotive, food, furniture, aerospace, and label industries. Geographically, the company derives key revenue from Thailand and the rest from Malaysia, Singapore, Indonesia, China, the United States of America, and other countries.
58GF Score
Get the complete analysis for XKLS:0232
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:0232 has been successfully added to your 
