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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.
Malaysia Smelting BhdSGX:NPW +0.88%73 Return-on-Tangible-Asset is 11.52% as of Mar. 2026, which is 116% above its 10-year median of 5.33. GuruFocus rates SGX:NPW with a GF Score™ of 73/100 and a GF Value™ of S$0.46 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,667 Metals & Mining companies, Malaysia Smelting Bhd ranks better than 85.6% 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. Malaysia Smelting Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was S$55.6 Mil. Malaysia Smelting Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was S$483.1 Mil. Therefore, Malaysia Smelting Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.52%.
The historical rank and industry rank for Malaysia Smelting Bhd's Return-on-Tangible-Asset or its related term are showing as below:
SGX:NPW'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.67 Med: 5.33 Max: 10.25
Current: 7.97
During the past 13 years, Malaysia Smelting Bhd's highest Return-on-Tangible-Asset was 10.25%. The lowest was 1.67%. And the median was 5.33%.
SGX:NPW's Return-on-Tangible-Asset is ranked better than 85.6% of 2667
companies
in the Metals & Mining industry
Industry Median: -16.96
vs SGX:NPW: 7.97
Malaysia Smelting Bhd (SGX:NPW) 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.
Malaysia Smelting Bhd Return-on-Tangible-Asset Related Terms
Malaysia Smelting Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Malaysia Smelting 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.
Malaysia Smelting Bhd Return-on-Tangible-Asset Chart
Malaysia Smelting Bhd Return-on-Tangible-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Malaysia Smelting 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.
Malaysia Smelting Bhd Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Malaysia Smelting Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Malaysia Smelting 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 11.52% mean?
Malaysia Smelting Bhd (SGX:NPW) has a Return-on-Tangible-Asset of 11.52% 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 Malaysia Smelting Bhd and its competitors. This is 116% above median its historical median of 5.33. Over the past decade, Malaysia Smelting Bhd's Return-on-Tangible-Asset has ranged from 1.67 to 10.25. According to the industry distribution chart, Malaysia Smelting Bhd ranks #384 out of 2667 companies in the Metals & Mining industry, placing it in the top 14.4%.
Is Malaysia Smelting Bhd's Return-on-Tangible-Asset too high?
Malaysia Smelting Bhd's current Return-on-Tangible-Asset of 11.52% is 116% above median its 10-year median of 5.33. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 10.25. Based on the distribution chart, Malaysia Smelting Bhd ranks #384 out of 2667 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Malaysia Smelting Bhd has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Malaysia Smelting Bhd's Return-on-Tangible-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Malaysia Smelting Bhd ranks #384 out of 2667 companies for Return-on-Tangible-Asset. This places Malaysia Smelting Bhd in the top 14% of its industry — outperforming the majority of peers. Historically, Malaysia Smelting Bhd's own Return-on-Tangible-Asset has ranged from 1.67 to 10.25 over the past decade. 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 Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Malaysia Smelting Bhd and its competitors. Malaysia Smelting Bhd's current Return-on-Tangible-Asset is 11.52%, which is 116% above median its own 10-year median of 5.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malaysia Smelting Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malaysia Smelting Bhd (SGX:NPW) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.46, compared to a current price of S$0.58 — trading 25% above its estimated fair value. The current Return-on-Tangible-Asset is 11.52%, which is 116% above median its 10-year median of 5.33. Malaysia Smelting Bhd's overall GF Score™ is 73/100 with 4 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 Malaysia Smelting Bhd (SGX:NPW), the current Return-on-Tangible-Asset is 11.52% 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 Malaysia Smelting Bhd (SGX:NPW) Overvalued in 2026?
Based on GuruFocus' analysis, Malaysia Smelting Bhd stock appears to be overvalued.
The current stock price of S$0.58 is trading 25% above its estimated GF Value™ of S$0.46.
GuruFocus considers Malaysia Smelting Bhd to be Modestly Overvalued.
Key valuation signals for SGX:NPW:
Return-on-Tangible-Asset: 11.52% (116% above median its 10-year median of 5.33)
GF Value™: S$0.46 vs. price of S$0.58 (25% above fair value)
No single metric tells the full story. See the SGX:NPW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Malaysia Smelting Corp Bhd is an investment holding company. Along with its subsidiaries, it is engaged in smelting of tin concentrates and tin-bearing materials, the production of various grades of refined tin metal under the MSC brand name, and the sales and delivery of refined tin metal and by-products. The group has three reportable operating segments: Tin smelting, Tin Mining, and Others. The majority of its revenue is generated from the Tin Smelting segment, which includes the smelting of tin concentrates and tin-bearing materials, the production of various grades of refined tin metal, and the sale and delivery of refined tin metal and by-products. Geographically, the group mainly operates in Malaysia.
73GF Score
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