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Qes Group BhdXKLS:0196 +2.70%69 Return-on-Tangible-Asset is 4.65% as of Mar. 2026, which is 44% below its 10-year median of 8.31. GuruFocus rates XKLS:0196 with a GF Score™ of 69/100 and a GF Value™ of RM0.59 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,500 Hardware companies, Qes Group Bhd ranks better than 72.8% 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. Qes Group Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM14.8 Mil. Qes Group Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM318.3 Mil. Therefore, Qes Group Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.65%.
The historical rank and industry rank for Qes Group Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:0196'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.27 Med: 8.31 Max: 15.24
Current: 6.18
During the past 12 years, Qes Group Bhd's highest Return-on-Tangible-Asset was 15.24%. The lowest was 2.27%. And the median was 8.31%.
XKLS:0196's Return-on-Tangible-Asset is ranked better than 72.8% of 2500
companies
in the Hardware industry
Industry Median: 2.455
vs XKLS:0196: 6.18
Qes Group Bhd (XKLS:0196) 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.
Qes Group Bhd Return-on-Tangible-Asset Related Terms
Qes Group Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Qes Group 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:0196 vs SNX, ARW, AVT: Return-on-Tangible-Asset Comparison
For the Electronics & Computer Distribution subindustry, Qes Group 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.
Qes Group Bhd Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Qes Group Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Qes Group 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 4.65% mean?
Qes Group Bhd (XKLS:0196) has a Return-on-Tangible-Asset of 4.65% 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 Qes Group Bhd and its competitors. This is 44% below median its historical median of 8.31. Over the past decade, Qes Group Bhd's Return-on-Tangible-Asset has ranged from 2.27 to 15.24. According to the industry distribution chart, Qes Group Bhd ranks #680 out of 2500 companies in the Hardware industry, placing it in the top 27.2%.
Is Qes Group Bhd's Return-on-Tangible-Asset too high?
Qes Group Bhd's current Return-on-Tangible-Asset of 4.65% is 44% below median its 10-year median of 8.31. Over the past 10 years, this metric has ranged from a low of 2.27 to a high of 15.24. The Hardware industry median Return-on-Tangible-Asset is 2.46. Qes Group Bhd's value of 4.65% is 89.4% above this industry median. Based on the distribution chart, Qes Group Bhd ranks #680 out of 2500 companies in the Hardware industry, which is above the industry midpoint. Overall, Qes Group Bhd has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Qes Group Bhd's Return-on-Tangible-Asset compare to SNX and ARW?
According to the Hardware industry distribution chart, Qes Group Bhd ranks #680 out of 2500 companies for Return-on-Tangible-Asset. This puts Qes Group Bhd in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.46. Qes Group Bhd's value of 4.65% is 89.4% above this benchmark. Historically, Qes Group Bhd's own Return-on-Tangible-Asset has ranged from 2.27 to 15.24 over the past decade. While the company's 10-year median is 8.31 vs. the industry median of 2.46, Qes Group 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.46, based on 2,500 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. Qes Group Bhd's current Return-on-Tangible-Asset of 4.65% is 89.4% 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 Qes Group Bhd and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qes Group Bhd's current Return-on-Tangible-Asset is 4.65%, which is 44% below median its own 10-year median of 8.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qes Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Qes Group Bhd (XKLS:0196) is currently considered Fairly Valued. The stock's GF Value™ is RM0.59, compared to a current price of RM0.57 — trading 3.4% below its estimated fair value. The current Return-on-Tangible-Asset is 4.65%, which is 44% below median its 10-year median of 8.31 and 89.4% above the Hardware industry median of 2.46. Qes Group Bhd's overall GF Score™ is 69/100 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 Qes Group Bhd (XKLS:0196), the current Return-on-Tangible-Asset is 4.65% 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 Qes Group Bhd (XKLS:0196) Overvalued in 2026?
Based on GuruFocus' analysis, Qes Group Bhd stock appears to be undervalued.
The current stock price of RM0.57 is trading 3.4% below its estimated GF Value™ of RM0.59.
GuruFocus considers Qes Group Bhd to be Fairly Valued.
Key valuation signals for XKLS:0196:
Return-on-Tangible-Asset: 4.65% (44% below median its 10-year median of 8.31)
GF Value™: RM0.59 vs. price of RM0.57 (3.4% below fair value)
Industry Position: 89.4% above the Hardware median (#680 of 2500)
No single metric tells the full story. See the XKLS:0196 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qes Group Bhd is a Malaysia-based investment holding. The company has multiple businesses that includes, the Equipment segment which derives maximum revenue includes marketing and servicing of scientific instruments. The materials and Engineering solutions distribution segment includes trading and servicing of industrial parts, equipment, and scientific instruments. The manufacturing division includes manufacturing, trading, and servicing industrial parts and equipment and providing a vision software solution for automated equipment, mechanical and electrical engineering consultancy service, and investment holding, that invests in shares.
69GF Score
Get the complete analysis for XKLS:0196
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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