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Bursa Malaysia BhdBSMAF 71 Return-on-Tangible-Asset is 9.19% as of Mar. 2026, which is 6% above its 10-year median of 8.64. GuruFocus rates BSMAF with a GF Score™ of 71/100 and a GF Value™ of $1.41 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 817 Capital Markets companies, Bursa Malaysia Bhd ranks better than 81.03% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Bursa Malaysia Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was $73.8 Mil. Bursa Malaysia Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was $802.5 Mil. Therefore, Bursa Malaysia Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.19%.
The historical rank and industry rank for Bursa Malaysia Bhd's Return-on-Tangible-Asset or its related term are showing as below:
BSMAF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.39 Med: 8.64 Max: 14.01
Current: 7.84
During the past 13 years, Bursa Malaysia Bhd's highest Return-on-Tangible-Asset was 14.01%. The lowest was 5.39%. And the median was 8.64%.
BSMAF's Return-on-Tangible-Asset is ranked better than 81.03% of 817
companies
in the Capital Markets industry
Industry Median: 1.54
vs BSMAF: 7.84
Bursa Malaysia Bhd (OTCPK:BSMAF) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Bursa Malaysia Bhd Return-on-Tangible-Asset Related Terms
Bursa Malaysia Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Bursa Malaysia Bhd's Return-on-Tangible-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.
BSMAF vs SPGI, CME, MCO: Return-on-Tangible-Asset Comparison
For the Financial Data & Stock Exchanges subindustry, Bursa Malaysia Bhd's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-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.
Bursa Malaysia Bhd Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bursa Malaysia Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Bursa Malaysia Bhd's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 9.19% mean?
Bursa Malaysia Bhd (BSMAF) has a Return-on-Tangible-Asset of 9.19% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Bursa Malaysia Bhd and its competitors. This is near median its historical median of 8.64. Over the past decade, Bursa Malaysia Bhd's Return-on-Tangible-Asset has ranged from 5.39 to 14.01. According to the industry distribution chart, Bursa Malaysia Bhd ranks #155 out of 817 companies in the Capital Markets industry, placing it in the top 19%.
Is Bursa Malaysia Bhd's Return-on-Tangible-Asset too high?
Bursa Malaysia Bhd's current Return-on-Tangible-Asset of 9.19% is near median its 10-year median of 8.64. Over the past 10 years, this metric has ranged from a low of 5.39 to a high of 14.01. The Capital Markets industry median Return-on-Tangible-Asset is 1.54. Bursa Malaysia Bhd's value of 9.19% is 496.8% above this industry median. Based on the distribution chart, Bursa Malaysia Bhd ranks #155 out of 817 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Bursa Malaysia Bhd has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bursa Malaysia Bhd's Return-on-Tangible-Asset compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Bursa Malaysia Bhd ranks #155 out of 817 companies for Return-on-Tangible-Asset. This places Bursa Malaysia Bhd in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.54. Bursa Malaysia Bhd's value of 9.19% is 496.8% above this benchmark. Historically, Bursa Malaysia Bhd's own Return-on-Tangible-Asset has ranged from 5.39 to 14.01 over the past decade. While the company's 10-year median is 8.64 vs. the industry median of 1.54, Bursa Malaysia 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 Return-on-Tangible-Asset for a Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.54, based on 817 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bursa Malaysia Bhd's current Return-on-Tangible-Asset of 9.19% is 496.8% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Bursa Malaysia Bhd and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bursa Malaysia Bhd's current Return-on-Tangible-Asset is 9.19%, which is near median its own 10-year median of 8.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bursa Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Bursa Malaysia Bhd (BSMAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.41, compared to a current price of $2.18 — trading 54.6% above its estimated fair value. The current Return-on-Tangible-Asset is 9.19%, which is near median its 10-year median of 8.64 and 496.8% above the Capital Markets industry median of 1.54. Bursa Malaysia Bhd's overall GF Score™ is 71/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Bursa Malaysia Bhd (BSMAF), the current Return-on-Tangible-Asset is 9.19% 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 Bursa Malaysia Bhd (BSMAF) Overvalued in 2026?
Based on GuruFocus' analysis, Bursa Malaysia Bhd stock appears to be overvalued.
The current stock price of $2.18 is trading 54.6% above its estimated GF Value™ of $1.41.
GuruFocus considers Bursa Malaysia Bhd to be Significantly Overvalued.
Key valuation signals for BSMAF:
Return-on-Tangible-Asset: 9.19% (near median its 10-year median of 8.64)
GF Value™: $1.41 vs. price of $2.18 (54.6% above fair value)
Industry Position: 496.8% above the Capital Markets median (#155 of 817)
No single metric tells the full story. See the BSMAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bursa Malaysia Bhd operates as an exchange holding company, whose principal activities are treasury management and the provision of management and administrative services to its subsidiaries. Through its subsidiaries it operates the Malaysian securities, derivatives, multi-environment product market, debt fundraising and offshore financial exchanges and the Shariah-compliant commodity and precious metals trading platform, to operate the related clearing houses, depository function and regulatory function, and to disseminate information relating to instruments quoted on the exchanges. Its six segments include: Securities Market, Derivatives Market, Islamic Market, Data Business, Exchange, Holding Company, and Others, of which Securities Market segment derives maximum revenue.
71GF Score
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