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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.
Telekom Malaysia BhdXKLS:4863 -0.52%81 Return-on-Tangible-Asset is 6.73% as of Mar. 2026, which is 67% above its 10-year median of 4.04. GuruFocus rates XKLS:4863 with a GF Score™ of 81/100 and a GF Value™ of RM6.84 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 365 Telecommunication Services companies, Telekom Malaysia Bhd ranks better than 73.97% 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. Telekom Malaysia Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM1,286 Mil. Telekom Malaysia Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM19,116 Mil. Therefore, Telekom Malaysia Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.73%.
The historical rank and industry rank for Telekom Malaysia Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:4863'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.65 Med: 4.04 Max: 9.81
Current: 8.42
During the past 13 years, Telekom Malaysia Bhd's highest Return-on-Tangible-Asset was 9.81%. The lowest was 0.65%. And the median was 4.04%.
XKLS:4863's Return-on-Tangible-Asset is ranked better than 73.97% of 365
companies
in the Telecommunication Services industry
Industry Median: 3.43
vs XKLS:4863: 8.42
Telekom Malaysia Bhd (XKLS:4863) 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.
Telekom Malaysia Bhd Return-on-Tangible-Asset Related Terms
Telekom Malaysia Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Telekom 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.
Telekom Malaysia Bhd Return-on-Tangible-Asset Chart
XKLS:4863 vs TMUS, VZ, T: Return-on-Tangible-Asset Comparison
For the Telecom Services subindustry, Telekom 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.
Telekom Malaysia Bhd Return-on-Tangible-Asset vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telekom Malaysia Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Telekom 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 6.73% mean?
Telekom Malaysia Bhd (XKLS:4863) has a Return-on-Tangible-Asset of 6.73% 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 Telekom Malaysia Bhd and its competitors. This is 67% above median its historical median of 4.04. Over the past decade, Telekom Malaysia Bhd's Return-on-Tangible-Asset has ranged from 0.65 to 9.81. According to the industry distribution chart, Telekom Malaysia Bhd ranks #95 out of 365 companies in the Telecommunication Services industry, placing it in the top 26%.
Is Telekom Malaysia Bhd's Return-on-Tangible-Asset too high?
Telekom Malaysia Bhd's current Return-on-Tangible-Asset of 6.73% is 67% above median its 10-year median of 4.04. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 9.81. The Telecommunication Services industry median Return-on-Tangible-Asset is 3.43. Telekom Malaysia Bhd's value of 6.73% is 96.2% above this industry median. Based on the distribution chart, Telekom Malaysia Bhd ranks #95 out of 365 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Telekom Malaysia Bhd has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telekom Malaysia Bhd's Return-on-Tangible-Asset compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telekom Malaysia Bhd ranks #95 out of 365 companies for Return-on-Tangible-Asset. This puts Telekom Malaysia Bhd in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.43. Telekom Malaysia Bhd's value of 6.73% is 96.2% above this benchmark. Historically, Telekom Malaysia Bhd's own Return-on-Tangible-Asset has ranged from 0.65 to 9.81 over the past decade. While the company's 10-year median is 4.04 vs. the industry median of 3.43, Telekom 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 Telecommunication Services company?
The median Return-on-Tangible-Asset among Telecommunication Services companies is 3.43, based on 365 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. Telekom Malaysia Bhd's current Return-on-Tangible-Asset of 6.73% is 96.2% 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 Telekom Malaysia Bhd and its competitors. For the Telecommunication Services industry, the median Return-on-Tangible-Asset is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telekom Malaysia Bhd's current Return-on-Tangible-Asset is 6.73%, which is 67% above median its own 10-year median of 4.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telekom Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Telekom Malaysia Bhd (XKLS:4863) is currently considered Modestly Overvalued. The stock's GF Value™ is RM6.84, compared to a current price of RM7.65 — trading 11.8% above its estimated fair value. The current Return-on-Tangible-Asset is 6.73%, which is 67% above median its 10-year median of 4.04 and 96.2% above the Telecommunication Services industry median of 3.43. Telekom Malaysia Bhd's overall GF Score™ is 81/100 with 4 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 Telekom Malaysia Bhd (XKLS:4863), the current Return-on-Tangible-Asset is 6.73% 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 Telekom Malaysia Bhd (XKLS:4863) Overvalued in 2026?
Based on GuruFocus' analysis, Telekom Malaysia Bhd stock appears to be overvalued.
The current stock price of RM7.65 is trading 11.8% above its estimated GF Value™ of RM6.84.
GuruFocus considers Telekom Malaysia Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:4863:
Return-on-Tangible-Asset: 6.73% (67% above median its 10-year median of 4.04)
GF Value™: RM6.84 vs. price of RM7.65 (11.8% above fair value)
Industry Position: 96.2% above the Telecommunication Services median (#95 of 365)
No single metric tells the full story. See the XKLS:4863 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telekom Malaysia Bhd is a telecommunications company. It generates revenue from the Internet and multimedia services, Data services, Voice services, Non-telecommunications related services, and Other telecommunications-related services, in which it generates the majority of its revenue from Internet and multimedia services. The company owns telecommunications infrastructure. The Group has identified a single reportable segment of providing fixed-mobile convergence services, which offers integrated broadband, mobile, and data services, digital content, as well as other solutions. It generates the vast majority of its revenue in Malaysia.
81GF Score
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