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Tenaga Nasional BhdXKLS:5347 +1.67%82 Equity-to-Asset is 0.25 as of Mar. 2026, which is 19% below its 10-year median of 0.31. GuruFocus rates XKLS:5347 with a GF Score™ of 82/100 and a GF Value™ of RM14.90 (Fairly Valued). The stock has 7 warning signs investors should review. Among 507 Utilities - Regulated companies, Tenaga Nasional Bhd ranks worse than 78.11% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Tenaga Nasional Bhd's Total Stockholders Equity for the quarter that ended in Mar. 2026 was RM50,336 Mil. Tenaga Nasional Bhd's Total Assets for the quarter that ended in Mar. 2026 was RM202,819 Mil.
Therefore, Tenaga Nasional Bhd's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.25.
The historical rank and industry rank for Tenaga Nasional Bhd's Equity-to-Asset or its related term are showing as below:
XKLS:5347'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.25 Med: 0.31 Max: 0.41
Current: 0.25
During the past 13 years, the highest Equity to Asset Ratio of Tenaga Nasional Bhd was 0.41. The lowest was 0.25. And the median was 0.31.
XKLS:5347's Equity-to-Asset is ranked worse than 78.11% of 507
companies
in the Utilities - Regulated industry
Industry Median: 0.36
vs XKLS:5347: 0.25
Tenaga Nasional Bhd (XKLS:5347) 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%.
Tenaga Nasional Bhd Equity-to-Asset Related Terms
Tenaga Nasional Bhd Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Tenaga Nasional 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:5347 vs NEE, SO, DUK: Equity-to-Asset Comparison
For the Utilities - Regulated Electric subindustry, Tenaga Nasional 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.
Tenaga Nasional Bhd Equity-to-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Tenaga Nasional Bhd's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Tenaga Nasional 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.
Tenaga Nasional Bhd's Equity to Asset Ratio for the fiscal year that ended in Dec. 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.
Tenaga Nasional Bhd (XKLS:5347) has a Equity-to-Asset of 0.25 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Tenaga Nasional Bhd and its competitors. This is 19% below median its historical median of 0.31. Over the past decade, Tenaga Nasional Bhd's Equity-to-Asset has ranged from 0.25 to 0.41. According to the industry distribution chart, Tenaga Nasional Bhd ranks #396 out of 507 companies in the Utilities - Regulated industry, placing it in the top 78.1%.
Is Tenaga Nasional Bhd's Equity-to-Asset too high?
Tenaga Nasional Bhd's current Equity-to-Asset of 0.25 is 19% below median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.41. The Utilities - Regulated industry median Equity-to-Asset is 0.36. Tenaga Nasional Bhd's value of 0.25 is 30.6% below this industry median. Based on the distribution chart, Tenaga Nasional Bhd ranks #396 out of 507 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Tenaga Nasional Bhd has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tenaga Nasional Bhd's Equity-to-Asset compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Tenaga Nasional Bhd ranks #396 out of 507 companies for Equity-to-Asset. This places Tenaga Nasional Bhd in the lower half of its industry. The industry median Equity-to-Asset is 0.36. Tenaga Nasional Bhd's value of 0.25 is 30.6% below this benchmark. Historically, Tenaga Nasional Bhd's own Equity-to-Asset has ranged from 0.25 to 0.41 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.36, Tenaga Nasional Bhd 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 Equity-to-Asset for an Utilities - Regulated company?
The median Equity-to-Asset among Utilities - Regulated companies is 0.36, based on 507 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. Tenaga Nasional Bhd's current Equity-to-Asset of 0.25 is 30.6% 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 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 Tenaga Nasional Bhd and its competitors. For the Utilities - Regulated industry, the median Equity-to-Asset is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenaga Nasional Bhd's current Equity-to-Asset is 0.25, which is 19% below median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenaga Nasional Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tenaga Nasional Bhd (XKLS:5347) is currently considered Fairly Valued. The stock's GF Value™ is RM14.90, compared to a current price of RM14.58 — trading 2.1% below its estimated fair value. The current Equity-to-Asset is 0.25, which is 19% below median its 10-year median of 0.31 and 30.6% below the Utilities - Regulated industry median of 0.36. Tenaga Nasional Bhd's overall GF Score™ is 82/100 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 Tenaga Nasional Bhd (XKLS:5347), the current Equity-to-Asset is 0.25 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 Tenaga Nasional Bhd (XKLS:5347) Overvalued in 2026?
Based on GuruFocus' analysis, Tenaga Nasional Bhd stock appears to be undervalued.
The current stock price of RM14.58 is trading 2.1% below its estimated GF Value™ of RM14.90.
GuruFocus considers Tenaga Nasional Bhd to be Fairly Valued.
Key valuation signals for XKLS:5347:
Equity-to-Asset: 0.25 (19% below median its 10-year median of 0.31)
GF Value™: RM14.90 vs. price of RM14.58 (2.1% below fair value)
Industry Position: 30.6% below the Utilities - Regulated median (#396 of 507)
No single metric tells the full story. See the XKLS:5347 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tenaga Nasional Bhd is an electric utility company in Malaysia. The company is involved in the generation, transmission, distribution, and retail of electricity. TNB segments includes Power Generation, Grid, Distribution Network, and Retail. The company encompasses the company's portfolio of thermal and hydroelectric power plants located throughout Malaysia. Through its subsidiaries, TNB also engages in other energy-related operations, such as the manufacturing of transformers. The company generates maximum revenue through the sale of electricity in Malaysia. Its customers are mainly commercial operations, residential consumers, and large industrial entities.
82GF Score
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