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WCE Holdings BhdXKLS:3565 43 Return-on-Tangible-Asset is -4.33% as of Mar. 2026. GuruFocus rates XKLS:3565 with a GF Score™ of 43/100 and a GF Value™ of RM1.05 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,783 Construction companies, WCE Holdings Bhd ranks worse than 92.82% 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. WCE Holdings Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM-28.9 Mil. WCE Holdings Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM667.1 Mil. Therefore, WCE Holdings Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -4.33%.
The historical rank and industry rank for WCE Holdings Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:3565'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -24.8 Med: -5.73 Max: 10.61
Current: -14.09
During the past 13 years, WCE Holdings Bhd's highest Return-on-Tangible-Asset was 10.61%. The lowest was -24.80%. And the median was -5.73%.
XKLS:3565's Return-on-Tangible-Asset is ranked worse than 92.82% of 1783
companies
in the Construction industry
Industry Median: 3.05
vs XKLS:3565: -14.09
WCE Holdings Bhd (XKLS:3565) 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.
WCE Holdings Bhd Return-on-Tangible-Asset Related Terms
WCE Holdings Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for WCE Holdings 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:3565 vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, WCE Holdings 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.
WCE Holdings Bhd Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, WCE Holdings Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where WCE Holdings 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 -4.33% mean?
WCE Holdings Bhd (XKLS:3565) has a Return-on-Tangible-Asset of -4.33% 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 WCE Holdings Bhd and its competitors. According to the industry distribution chart, WCE Holdings Bhd ranks #1655 out of 1783 companies in the Construction industry, placing it in the top 92.8%.
Is WCE Holdings Bhd's Return-on-Tangible-Asset too high?
WCE Holdings Bhd's current Return-on-Tangible-Asset is -4.33%. Based on the distribution chart, WCE Holdings Bhd ranks #1655 out of 1783 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, WCE Holdings Bhd has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does WCE Holdings Bhd's Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, WCE Holdings Bhd ranks #1655 out of 1783 companies for Return-on-Tangible-Asset. This places WCE Holdings Bhd in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.05. 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. 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 WCE Holdings 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. WCE Holdings Bhd's current Return-on-Tangible-Asset is -4.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WCE Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, WCE Holdings Bhd (XKLS:3565) is currently considered Possible Value Trap. The stock's GF Value™ is RM1.05, compared to a current price of RM0.66 — trading 37.6% below its estimated fair value. The current Return-on-Tangible-Asset is -4.33%. WCE Holdings Bhd's overall GF Score™ is 43/100 with 6 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 WCE Holdings Bhd (XKLS:3565), the current Return-on-Tangible-Asset is -4.33% 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 WCE Holdings Bhd (XKLS:3565) Overvalued in 2026?
Based on GuruFocus' analysis, WCE Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.66 is trading 37.6% below its estimated GF Value™ of RM1.05.
GuruFocus considers WCE Holdings Bhd to be Possible Value Trap.
Key valuation signals for XKLS:3565:
Return-on-Tangible-Asset: -4.33%
GF Value™: RM1.05 vs. price of RM0.66 (37.6% below fair value)
No single metric tells the full story. See the XKLS:3565 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WCE Holdings Bhd is an investment holding company. The company's segments include Toll concession, Construction, and Others. The majority of the company's revenue is generated from the Toll concession segment which is engaged in the business of construction, management, and tolling of highway operation. The construction segment is involved in the business of construction contracting and project management services, and the other segment is engaged in the business of leasing and investment holding. All of its activities are carried out in Malaysia.
43GF Score
Get the complete analysis for XKLS:3565
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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