Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Heineken Malaysia BhdXKLS:3255 +0.21%83 Return-on-Tangible-Asset is 32.84% as of Mar. 2026, which is 3% above its 10-year median of 31.97. GuruFocus rates XKLS:3255 with a GF Score™ of 83/100 and a GF Value™ of RM23.92 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 212 Beverages - Alcoholic companies, Heineken Malaysia Bhd ranks better than 98.58% 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. Heineken Malaysia Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM418 Mil. Heineken Malaysia Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM1,272 Mil. Therefore, Heineken Malaysia Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 32.84%.
The historical rank and industry rank for Heineken Malaysia Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:3255'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 14.62 Med: 31.97 Max: 37.51
Current: 35.67
During the past 13 years, Heineken Malaysia Bhd's highest Return-on-Tangible-Asset was 37.51%. The lowest was 14.62%. And the median was 31.97%.
XKLS:3255's Return-on-Tangible-Asset is ranked better than 98.58% of 212
companies
in the Beverages - Alcoholic industry
Industry Median: 3.1
vs XKLS:3255: 35.67
Heineken Malaysia Bhd (XKLS:3255) 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.
Heineken Malaysia Bhd Return-on-Tangible-Asset Related Terms
Heineken Malaysia Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Heineken Malaysia 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.
Heineken Malaysia Bhd Return-on-Tangible-Asset Chart
XKLS:3255 vs BUD, STZ, TAP: Return-on-Tangible-Asset Comparison
For the Beverages - Brewers subindustry, Heineken 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.
Heineken Malaysia Bhd Return-on-Tangible-Asset vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Heineken Malaysia Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Heineken 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 32.84% mean?
Heineken Malaysia Bhd (XKLS:3255) has a Return-on-Tangible-Asset of 32.84% 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 Heineken Malaysia Bhd and its competitors. This is near median its historical median of 31.97. Over the past decade, Heineken Malaysia Bhd's Return-on-Tangible-Asset has ranged from 14.62 to 37.51. According to the industry distribution chart, Heineken Malaysia Bhd ranks #3 out of 212 companies in the Beverages - Alcoholic industry, placing it in the top 1.4%.
Is Heineken Malaysia Bhd's Return-on-Tangible-Asset too high?
Heineken Malaysia Bhd's current Return-on-Tangible-Asset of 32.84% is near median its 10-year median of 31.97. Over the past 10 years, this metric has ranged from a low of 14.62 to a high of 37.51. The Beverages - Alcoholic industry median Return-on-Tangible-Asset is 3.10. Heineken Malaysia Bhd's value of 32.84% is 959.4% above this industry median. Based on the distribution chart, Heineken Malaysia Bhd ranks #3 out of 212 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Heineken Malaysia Bhd has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heineken Malaysia Bhd's Return-on-Tangible-Asset compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Heineken Malaysia Bhd ranks #3 out of 212 companies for Return-on-Tangible-Asset. This places Heineken Malaysia Bhd in the top 1% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.10. Heineken Malaysia Bhd's value of 32.84% is 959.4% above this benchmark. Historically, Heineken Malaysia Bhd's own Return-on-Tangible-Asset has ranged from 14.62 to 37.51 over the past decade. While the company's 10-year median is 31.97 vs. the industry median of 3.10, Heineken 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. Heineken Malaysia Bhd's current Return-on-Tangible-Asset of 32.84% is 959.4% 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 Heineken 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. Heineken Malaysia Bhd's current Return-on-Tangible-Asset is 32.84%, which is near median its own 10-year median of 31.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heineken Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Heineken Malaysia Bhd (XKLS:3255) is currently considered Modestly Undervalued. The stock's GF Value™ is RM23.92, compared to a current price of RM19.24 — trading 19.6% below its estimated fair value. The current Return-on-Tangible-Asset is 32.84%, which is near median its 10-year median of 31.97 and 959.4% above the Beverages - Alcoholic industry median of 3.10. Heineken Malaysia Bhd's overall GF Score™ is 83/100 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 Heineken Malaysia Bhd (XKLS:3255), the current Return-on-Tangible-Asset is 32.84% 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 Heineken Malaysia Bhd (XKLS:3255) Overvalued in 2026?
Based on GuruFocus' analysis, Heineken Malaysia Bhd stock appears to be undervalued.
The current stock price of RM19.24 is trading 19.6% below its estimated GF Value™ of RM23.92.
GuruFocus considers Heineken Malaysia Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:3255:
Return-on-Tangible-Asset: 32.84% (near median its 10-year median of 31.97)
GF Value™: RM23.92 vs. price of RM19.24 (19.6% below fair value)
Industry Position: 959.4% above the Beverages - Alcoholic median (#3 of 212)
No single metric tells the full story. See the XKLS:3255 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heineken Malaysia Bhd is engaged in the production, packaging, marketing, and distribution of beverages, mainly alcoholic. The portfolio of the company includes various brands such as The World-acclaimed iconic Asian beer - Tiger Beer, The crystal-cold filtered beer - Tiger Crystal, The New Zealand-inspired cider - Apple Fox Cider, Edelweiss, infused with juicy peach flavour, The premium Irish ale - Kilkenny, The real shandy - Anglia, and others.
83GF Score
Get the complete analysis for XKLS:3255
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:3255 has been successfully added to your 
