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.
TAS Offshore BhdXKLS:5149 +1.96%53 Return-on-Tangible-Asset is 5.93% as of Feb. 2026, which is 1461% above its 10-year median of 0.38. GuruFocus rates XKLS:5149 with a GF Score™ of 53/100 and a GF Value™ of RM0.87 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 360 Aerospace & Defense companies, TAS Offshore Bhd ranks better than 85% 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. TAS Offshore Bhd's annualizedNet Income for the quarter that ended in Feb. 2026 was RM11.8 Mil. TAS Offshore Bhd's average total tangible assets for the quarter that ended in Feb. 2026 was RM198.6 Mil. Therefore, TAS Offshore Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2026 was 5.93%.
The historical rank and industry rank for TAS Offshore Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:5149'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.21 Med: 0.38 Max: 11.43
Current: 10.49
During the past 13 years, TAS Offshore Bhd's highest Return-on-Tangible-Asset was 11.43%. The lowest was -14.21%. And the median was 0.38%.
XKLS:5149's Return-on-Tangible-Asset is ranked better than 85% of 360
companies
in the Aerospace & Defense industry
Industry Median: 3.04
vs XKLS:5149: 10.49
TAS Offshore Bhd (XKLS:5149) 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.
TAS Offshore Bhd Return-on-Tangible-Asset Related Terms
TAS Offshore Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for TAS Offshore 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:5149 vs SPCX, GE, RTX: Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, TAS Offshore 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.
TAS Offshore Bhd Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, TAS Offshore Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TAS Offshore 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 (Feb. 2026) net income data.
What does a Return-on-Tangible-Asset of 5.93% mean?
TAS Offshore Bhd (XKLS:5149) has a Return-on-Tangible-Asset of 5.93% as of Feb. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on TAS Offshore Bhd and its competitors. This is 1461% above median its historical median of 0.38. According to the industry distribution chart, TAS Offshore Bhd ranks #54 out of 360 companies in the Aerospace & Defense industry, placing it in the top 15%.
Is TAS Offshore Bhd's Return-on-Tangible-Asset too high?
TAS Offshore Bhd's current Return-on-Tangible-Asset of 5.93% is 1461% above median its 10-year median of 0.38. The Aerospace & Defense industry median Return-on-Tangible-Asset is 3.04. TAS Offshore Bhd's value of 5.93% is 95.1% above this industry median. Based on the distribution chart, TAS Offshore Bhd ranks #54 out of 360 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, TAS Offshore Bhd has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TAS Offshore Bhd's Return-on-Tangible-Asset compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, TAS Offshore Bhd ranks #54 out of 360 companies for Return-on-Tangible-Asset. This places TAS Offshore Bhd in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.04. TAS Offshore Bhd's value of 5.93% is 95.1% above this benchmark. While the company's 10-year median is 0.38 vs. the industry median of 3.04, TAS Offshore 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 an Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 3.04, based on 360 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. TAS Offshore Bhd's current Return-on-Tangible-Asset of 5.93% is 95.1% 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 TAS Offshore Bhd and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TAS Offshore Bhd's current Return-on-Tangible-Asset is 5.93%, which is 1461% above median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAS Offshore Bhd stock overvalued right now?
Based on GuruFocus' analysis, TAS Offshore Bhd (XKLS:5149) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.87, compared to a current price of RM0.52 — trading 40.2% below its estimated fair value. The current Return-on-Tangible-Asset is 5.93%, which is 1461% above median its 10-year median of 0.38 and 95.1% above the Aerospace & Defense industry median of 3.04. TAS Offshore Bhd's overall GF Score™ is 53/100 with 3 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 TAS Offshore Bhd (XKLS:5149), the current Return-on-Tangible-Asset is 5.93% as of Feb. 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 TAS Offshore Bhd (XKLS:5149) Overvalued in 2026?
Based on GuruFocus' analysis, TAS Offshore Bhd stock appears to be undervalued.
The current stock price of RM0.52 is trading 40.2% below its estimated GF Value™ of RM0.87.
GuruFocus considers TAS Offshore Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:5149:
Return-on-Tangible-Asset: 5.93% (1461% above median its 10-year median of 0.38)
GF Value™: RM0.87 vs. price of RM0.52 (40.2% below fair value)
Industry Position: 95.1% above the Aerospace & Defense median (#54 of 360)
No single metric tells the full story. See the XKLS:5149 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TAS Offshore Bhd is an investment holding company engaged in shipbuilding and ship repairing activities across Malaysia, Singapore, and Indonesia. Its shipbuilding operations include constructing vessels such as tugboats, anchor handling tugs, anchor handling tug supply vessels, utility vessels, workboats, ferries, and cargo ships. The company also provides ship repair services, including routine maintenance, machinery inspection, repainting, and damage repair. Additionally, TAS Offshore offers vessel chartering services. It generates revenue through contracting shipbuilding, repair projects, and vessel leasing, serving clients in the marine and offshore industries.
53GF Score
Get the complete analysis for XKLS:5149
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:5149 has been successfully added to your 
