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Carlsberg Brewery Malaysia BhdXKLS:2836 -0.25%81 Return-on-Tangible-Asset is 37.30% as of Mar. 2026, which is 14% above its 10-year median of 32.79. GuruFocus rates XKLS:2836 with a GF Score™ of 81/100 and a GF Value™ of RM19.40 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 212 Beverages - Alcoholic companies, Carlsberg Brewery Malaysia Bhd ranks better than 99.53% on this metric.
The historical rank and industry rank for Carlsberg Brewery Malaysia Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:2836'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 22.14 Med: 32.79 Max: 43.09
Current: 36.32
During the past 13 years, Carlsberg Brewery Malaysia Bhd's highest Return-on-Tangible-Asset was 43.09%. The lowest was 22.14%. And the median was 32.79%.
XKLS:2836's Return-on-Tangible-Asset is ranked better than 99.53% of 212
companies
in the Beverages - Alcoholic industry
Industry Median: 3.1
vs XKLS:2836: 36.32
Carlsberg Brewery Malaysia Bhd (XKLS:2836) 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.
Carlsberg Brewery Malaysia Bhd Return-on-Tangible-Asset Related Terms
Carlsberg Brewery Malaysia Bhd Return-on-Tangible-Asset Historical Data
* 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.
Carlsberg Brewery Malaysia Bhd Return-on-Tangible-Asset Chart
XKLS:2836 vs BUD, STZ, TAP: Return-on-Tangible-Asset Comparison
For the Beverages - Brewers subindustry, Carlsberg Brewery 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.
Carlsberg Brewery Malaysia Bhd Return-on-Tangible-Asset vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg Brewery Malaysia Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Carlsberg Brewery 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 37.30% mean?
Carlsberg Brewery Malaysia Bhd (XKLS:2836) has a Return-on-Tangible-Asset of 37.30% 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 Carlsberg Brewery Malaysia Bhd and its competitors. This is 14% above median its historical median of 32.79. Over the past decade, Carlsberg Brewery Malaysia Bhd's Return-on-Tangible-Asset has ranged from 22.14 to 43.09. According to the industry distribution chart, Carlsberg Brewery Malaysia Bhd ranks #1 out of 212 companies in the Beverages - Alcoholic industry, placing it in the top 0.5%.
Is Carlsberg Brewery Malaysia Bhd's Return-on-Tangible-Asset too high?
Carlsberg Brewery Malaysia Bhd's current Return-on-Tangible-Asset of 37.30% is 14% above median its 10-year median of 32.79. Over the past 10 years, this metric has ranged from a low of 22.14 to a high of 43.09. The Beverages - Alcoholic industry median Return-on-Tangible-Asset is 3.10. Carlsberg Brewery Malaysia Bhd's value of 37.30% is 1103.2% above this industry median. Based on the distribution chart, Carlsberg Brewery Malaysia Bhd ranks #1 out of 212 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Carlsberg Brewery Malaysia Bhd has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carlsberg Brewery Malaysia Bhd's Return-on-Tangible-Asset compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Carlsberg Brewery Malaysia Bhd ranks #1 out of 212 companies for Return-on-Tangible-Asset. This places Carlsberg Brewery Malaysia Bhd in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.10. Carlsberg Brewery Malaysia Bhd's value of 37.30% is 1103.2% above this benchmark. Historically, Carlsberg Brewery Malaysia Bhd's own Return-on-Tangible-Asset has ranged from 22.14 to 43.09 over the past decade. While the company's 10-year median is 32.79 vs. the industry median of 3.10, Carlsberg Brewery 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 Beverages - Alcoholic company?
The median Return-on-Tangible-Asset among Beverages - Alcoholic companies is 3.10, based on 212 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. Carlsberg Brewery Malaysia Bhd's current Return-on-Tangible-Asset of 37.30% is 1103.2% 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 Carlsberg Brewery Malaysia Bhd and its competitors. For the Beverages - Alcoholic industry, the median Return-on-Tangible-Asset is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlsberg Brewery Malaysia Bhd's current Return-on-Tangible-Asset is 37.30%, which is 14% above median its own 10-year median of 32.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carlsberg Brewery Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Carlsberg Brewery Malaysia Bhd (XKLS:2836) is currently considered Modestly Undervalued. The stock's GF Value™ is RM19.40, compared to a current price of RM15.96 — trading 17.7% below its estimated fair value. The current Return-on-Tangible-Asset is 37.30%, which is 14% above median its 10-year median of 32.79 and 1103.2% above the Beverages - Alcoholic industry median of 3.10. Carlsberg Brewery Malaysia Bhd's overall GF Score™ is 81/100 with 2 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 Carlsberg Brewery Malaysia Bhd (XKLS:2836), the current Return-on-Tangible-Asset is 37.30% 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 Carlsberg Brewery Malaysia Bhd (XKLS:2836) Overvalued in 2026?
Based on GuruFocus' analysis, Carlsberg Brewery Malaysia Bhd stock appears to be undervalued.
The current stock price of RM15.96 is trading 17.7% below its estimated GF Value™ of RM19.40.
GuruFocus considers Carlsberg Brewery Malaysia Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:2836:
Return-on-Tangible-Asset: 37.30% (14% above median its 10-year median of 32.79)
GF Value™: RM19.40 vs. price of RM15.96 (17.7% below fair value)
Industry Position: 1103.2% above the Beverages - Alcoholic median (#1 of 212)
No single metric tells the full story. See the XKLS:2836 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carlsberg Brewery Malaysia Bhd Business Description
Carlsberg Brewery Malaysia Bhd produces and sells beer, stout, cider, shandy, and nonalcoholic malt beverages in Asia. The company produces its products in Malaysia, and nearly all sales are in Malaysia and Singapore. The company also exports products to Sri Lanka, Thailand, Taiwan, and Hong Kong. Carlsberg is the company's flagship brand. Other brands include Kronenbourg 1664, Somersby Ciders, Asahi Dry, Royal Stout, Skol, Jolly Shandy, Nutrimalt, Connor's Stout Porter, and Corona Extra. The company has three segments: Malaysia, Singapore, and Others. It generates the majority of its revenue from the Malaysia segment, which includes manufacturing, marketing, and distribution of both alcoholic and non-alcoholic beverages by entities in Malaysia.
81GF Score
Get the complete analysis for XKLS:2836
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