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JcbNext BhdXKLS:0058 +2.86%85 Return-on-Tangible-Asset is 4.62% as of Mar. 2026, which is 8% above its 10-year median of 4.27. GuruFocus rates XKLS:0058 with a GF Score™ of 85/100 and a GF Value™ of RM2.69 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,638 Asset Management companies, JcbNext Bhd ranks better than 68.74% 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. JcbNext Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM21.06 Mil. JcbNext Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM455.75 Mil. Therefore, JcbNext Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.62%.
The historical rank and industry rank for JcbNext Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:0058'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.97 Med: 4.27 Max: 13.09
Current: 9.05
During the past 13 years, JcbNext Bhd's highest Return-on-Tangible-Asset was 13.09%. The lowest was 1.97%. And the median was 4.27%.
XKLS:0058's Return-on-Tangible-Asset is ranked better than 68.74% of 1638
companies
in the Asset Management industry
Industry Median: 4.23
vs XKLS:0058: 9.05
JcbNext Bhd (XKLS:0058) 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.
JcbNext Bhd Return-on-Tangible-Asset Related Terms
JcbNext Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for JcbNext 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.
XKLS:0058 vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, JcbNext 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.
JcbNext Bhd Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, JcbNext Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where JcbNext 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 4.62% mean?
JcbNext Bhd (XKLS:0058) has a Return-on-Tangible-Asset of 4.62% 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 JcbNext Bhd and its competitors. This is near median its historical median of 4.27. Over the past decade, JcbNext Bhd's Return-on-Tangible-Asset has ranged from 1.97 to 13.09. According to the industry distribution chart, JcbNext Bhd ranks #512 out of 1638 companies in the Asset Management industry, placing it in the top 31.3%.
Is JcbNext Bhd's Return-on-Tangible-Asset too high?
JcbNext Bhd's current Return-on-Tangible-Asset of 4.62% is near median its 10-year median of 4.27. Over the past 10 years, this metric has ranged from a low of 1.97 to a high of 13.09. The Asset Management industry median Return-on-Tangible-Asset is 4.23. JcbNext Bhd's value of 4.62% is 9.2% above this industry median. Based on the distribution chart, JcbNext Bhd ranks #512 out of 1638 companies in the Asset Management industry, which is above the industry midpoint. Overall, JcbNext Bhd has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does JcbNext Bhd's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, JcbNext Bhd ranks #512 out of 1638 companies for Return-on-Tangible-Asset. This puts JcbNext Bhd in the upper half of its industry. The industry median Return-on-Tangible-Asset is 4.23. JcbNext Bhd's value of 4.62% is 9.2% above this benchmark. Historically, JcbNext Bhd's own Return-on-Tangible-Asset has ranged from 1.97 to 13.09 over the past decade. While the company's 10-year median is 4.27 vs. the industry median of 4.23, JcbNext 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.23, based on 1,638 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. JcbNext Bhd's current Return-on-Tangible-Asset of 4.62% is 9.2% 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 JcbNext Bhd and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JcbNext Bhd's current Return-on-Tangible-Asset is 4.62%, which is near median its own 10-year median of 4.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JcbNext Bhd stock overvalued right now?
Based on GuruFocus' analysis, JcbNext Bhd (XKLS:0058) is currently considered Possible Value Trap. The stock's GF Value™ is RM2.69, compared to a current price of RM1.80 — trading 33.1% below its estimated fair value. The current Return-on-Tangible-Asset is 4.62%, which is near median its 10-year median of 4.27 and 9.2% above the Asset Management industry median of 4.23. JcbNext Bhd's overall GF Score™ is 85/100 with 5 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 JcbNext Bhd (XKLS:0058), the current Return-on-Tangible-Asset is 4.62% 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 JcbNext Bhd (XKLS:0058) Overvalued in 2026?
Based on GuruFocus' analysis, JcbNext Bhd stock appears to be undervalued.
The current stock price of RM1.80 is trading 33.1% below its estimated GF Value™ of RM2.69.
GuruFocus considers JcbNext Bhd to be Possible Value Trap.
Key valuation signals for XKLS:0058:
Return-on-Tangible-Asset: 4.62% (near median its 10-year median of 4.27)
GF Value™: RM2.69 vs. price of RM1.80 (33.1% below fair value)
Industry Position: 9.2% above the Asset Management median (#512 of 1638)
No single metric tells the full story. See the XKLS:0058 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JcbNext Bhd is an investment holding company. The company's operating segment includes Investment Holding and Others. Its Investment holding segment includes equity investments, property investments, treasury investments, investment in associates, and property leasing. The other segment includes online advertising and contract staffing. It generates maximum revenue from the Investment holding segment.
85GF Score
Get the complete analysis for XKLS:0058
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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