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Itmax System BhdXKLS:5309 -0.43%97 Return-on-Tangible-Asset is 16.52% as of Mar. 2026, which is 7% above its 10-year median of 15.40. GuruFocus rates XKLS:5309 with a GF Score™ of 97/100 and a GF Value™ of RM4.75 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,095 Business Services companies, Itmax System Bhd ranks better than 90.68% 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. Itmax System Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM100.0 Mil. Itmax System Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM605.5 Mil. Therefore, Itmax System Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 16.52%.
The historical rank and industry rank for Itmax System Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:5309'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.25 Med: 15.4 Max: 21.61
Current: 17.8
During the past 7 years, Itmax System Bhd's highest Return-on-Tangible-Asset was 21.61%. The lowest was 2.25%. And the median was 15.40%.
XKLS:5309's Return-on-Tangible-Asset is ranked better than 90.68% of 1095
companies
in the Business Services industry
Industry Median: 3.98
vs XKLS:5309: 17.80
Itmax System Bhd (XKLS:5309) 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.
Itmax System Bhd Return-on-Tangible-Asset Related Terms
Itmax System Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Itmax System 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:5309 vs ALLE, MSA, ADT: Return-on-Tangible-Asset Comparison
For the Security & Protection Services subindustry, Itmax System 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.
Itmax System Bhd Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Itmax System Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Itmax System 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 16.52% mean?
Itmax System Bhd (XKLS:5309) has a Return-on-Tangible-Asset of 16.52% 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 Itmax System Bhd and its competitors. This is near median its historical median of 15.40. Over the past decade, Itmax System Bhd's Return-on-Tangible-Asset has ranged from 2.25 to 21.61. According to the industry distribution chart, Itmax System Bhd ranks #102 out of 1095 companies in the Business Services industry, placing it in the top 9.3%.
Is Itmax System Bhd's Return-on-Tangible-Asset too high?
Itmax System Bhd's current Return-on-Tangible-Asset of 16.52% is near median its 10-year median of 15.40. Over the past 10 years, this metric has ranged from a low of 2.25 to a high of 21.61. The Business Services industry median Return-on-Tangible-Asset is 3.98. Itmax System Bhd's value of 16.52% is 315.1% above this industry median. Based on the distribution chart, Itmax System Bhd ranks #102 out of 1095 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Itmax System Bhd has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Itmax System Bhd's Return-on-Tangible-Asset compare to ALLE and MSA?
According to the Business Services industry distribution chart, Itmax System Bhd ranks #102 out of 1095 companies for Return-on-Tangible-Asset. This places Itmax System Bhd in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.98. Itmax System Bhd's value of 16.52% is 315.1% above this benchmark. Historically, Itmax System Bhd's own Return-on-Tangible-Asset has ranged from 2.25 to 21.61 over the past decade. While the company's 10-year median is 15.40 vs. the industry median of 3.98, Itmax System 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 3.98, based on 1,095 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. Itmax System Bhd's current Return-on-Tangible-Asset of 16.52% is 315.1% 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 Itmax System Bhd and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Itmax System Bhd's current Return-on-Tangible-Asset is 16.52%, which is near median its own 10-year median of 15.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itmax System Bhd stock overvalued right now?
Based on GuruFocus' analysis, Itmax System Bhd (XKLS:5309) is currently considered Fairly Valued. The stock's GF Value™ is RM4.75, compared to a current price of RM4.60 — trading 3.2% below its estimated fair value. The current Return-on-Tangible-Asset is 16.52%, which is near median its 10-year median of 15.40 and 315.1% above the Business Services industry median of 3.98. Itmax System Bhd's overall GF Score™ is 97/100 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 Itmax System Bhd (XKLS:5309), the current Return-on-Tangible-Asset is 16.52% 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 Itmax System Bhd (XKLS:5309) Overvalued in 2026?
Based on GuruFocus' analysis, Itmax System Bhd stock appears to be undervalued.
The current stock price of RM4.60 is trading 3.2% below its estimated GF Value™ of RM4.75.
GuruFocus considers Itmax System Bhd to be Fairly Valued.
Key valuation signals for XKLS:5309:
Return-on-Tangible-Asset: 16.52% (near median its 10-year median of 15.40)
GF Value™: RM4.75 vs. price of RM4.60 (3.2% below fair value)
Industry Position: 315.1% above the Business Services median (#102 of 1095)
No single metric tells the full story. See the XKLS:5309 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Itmax System Bhd is principally engaged in the business of supplying, installing, and providing public space networked systems and investment holding. The company develops networking solutions for smart video surveillance, smart parking, smart traffic management, smart street lighting and communication networks. Geographically, the company operates only in Malaysia.
97GF Score
Get the complete analysis for XKLS:5309
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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