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HE Group BhdXKLS:0296 +4.46%49 Return-on-Tangible-Asset is 8.86% as of Mar. 2026, which is 11% below its 10-year median of 9.93. GuruFocus rates XKLS:0296 with a GF Score™ of 49/100. The stock has 5 warning signs investors should review. Among 1,783 Construction companies, HE Group Bhd ranks better than 83.74% 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. HE Group Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM10.2 Mil. HE Group Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM115.7 Mil. Therefore, HE Group Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.86%.
The historical rank and industry rank for HE Group Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:0296'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.17 Med: 9.93 Max: 13.39
Current: 9.41
During the past 6 years, HE Group Bhd's highest Return-on-Tangible-Asset was 13.39%. The lowest was 8.17%. And the median was 9.93%.
XKLS:0296's Return-on-Tangible-Asset is ranked better than 83.74% of 1783
companies
in the Construction industry
Industry Median: 3.05
vs XKLS:0296: 9.41
HE Group Bhd (XKLS:0296) 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.
HE Group Bhd Return-on-Tangible-Asset Related Terms
HE Group Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for HE 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:0296 vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, HE 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.
HE Group Bhd Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, HE Group Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where HE 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 8.86% mean?
HE Group Bhd (XKLS:0296) has a Return-on-Tangible-Asset of 8.86% 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 HE Group Bhd and its competitors. This is 11% below median its historical median of 9.93. Over the past decade, HE Group Bhd's Return-on-Tangible-Asset has ranged from 8.17 to 13.39. According to the industry distribution chart, HE Group Bhd ranks #290 out of 1783 companies in the Construction industry, placing it in the top 16.3%.
Is HE Group Bhd's Return-on-Tangible-Asset too high?
HE Group Bhd's current Return-on-Tangible-Asset of 8.86% is 11% below median its 10-year median of 9.93. Over the past 10 years, this metric has ranged from a low of 8.17 to a high of 13.39. The Construction industry median Return-on-Tangible-Asset is 3.05. HE Group Bhd's value of 8.86% is 190.5% above this industry median. Based on the distribution chart, HE Group Bhd ranks #290 out of 1783 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, HE Group Bhd has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does HE Group Bhd's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, HE Group Bhd ranks #290 out of 1783 companies for Return-on-Tangible-Asset. This places HE Group Bhd in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.05. HE Group Bhd's value of 8.86% is 190.5% above this benchmark. Historically, HE Group Bhd's own Return-on-Tangible-Asset has ranged from 8.17 to 13.39 over the past decade. While the company's 10-year median is 9.93 vs. the industry median of 3.05, HE 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.05, based on 1,783 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. HE Group Bhd's current Return-on-Tangible-Asset of 8.86% is 190.5% 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 HE Group Bhd and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HE Group Bhd's current Return-on-Tangible-Asset is 8.86%, which is 11% below median its own 10-year median of 9.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HE Group Bhd stock overvalued right now?
HE Group Bhd (XKLS:0296) has a current Return-on-Tangible-Asset of 8.86%. The current Return-on-Tangible-Asset is 8.86%, which is 11% below median its 10-year median of 9.93 and 190.5% above the Construction industry median of 3.05. HE Group Bhd's overall GF Score™ is 49/100 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 HE Group Bhd (XKLS:0296), the current Return-on-Tangible-Asset is 8.86% 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.
HE Group Bhd is an electrical engineering service provider focusing on power distribution systems for end-user premises such as industrial plants and industrial and commercial substations. It is involved in the design, supply, installation, testing, and commissioning of HV, MV, LV, and ELV power distribution systems, as well as hook-up and retrofitting of electrical equipment. It also provides other building systems and works, including mechanical systems, control, and instrumentation systems, as well as civil, structural, and architectural works. Its segment includes, the provision of power distribution systems that generates maximum revenue, other building systems and works, electrical equipment hook-up and retrofitting, and trading of electrical products.
49GF Score
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