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.
MNRB Holdings BhdXKLS:6459 -0.73%79 Return-on-Tangible-Asset is 3.24% as of Mar. 2026, which is 95% above its 10-year median of 1.66. GuruFocus rates XKLS:6459 with a GF Score™ of 79/100 and a GF Value™ of RM2.43 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 506 Insurance companies, MNRB Holdings Bhd ranks better than 65.81% 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. MNRB Holdings Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM455 Mil. MNRB Holdings Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM14,021 Mil. Therefore, MNRB Holdings Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.24%.
The historical rank and industry rank for MNRB Holdings Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:6459'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.97 Med: 1.66 Max: 3.98
Current: 3.96
During the past 13 years, MNRB Holdings Bhd's highest Return-on-Tangible-Asset was 3.98%. The lowest was 0.97%. And the median was 1.66%.
XKLS:6459's Return-on-Tangible-Asset is ranked better than 65.81% of 506
companies
in the Insurance industry
Industry Median: 2.745
vs XKLS:6459: 3.96
MNRB Holdings Bhd (XKLS:6459) 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.
MNRB Holdings Bhd Return-on-Tangible-Asset Related Terms
MNRB Holdings Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for MNRB 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:6459 vs RGA, EG, RNR: Return-on-Tangible-Asset Comparison
For the Insurance - Reinsurance subindustry, MNRB 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.
MNRB Holdings Bhd Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, MNRB Holdings Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MNRB 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 3.24% mean?
MNRB Holdings Bhd (XKLS:6459) has a Return-on-Tangible-Asset of 3.24% 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 MNRB Holdings Bhd and its competitors. This is 95% above median its historical median of 1.66. Over the past decade, MNRB Holdings Bhd's Return-on-Tangible-Asset has ranged from 0.97 to 3.98. According to the industry distribution chart, MNRB Holdings Bhd ranks #173 out of 506 companies in the Insurance industry, placing it in the top 34.2%.
Is MNRB Holdings Bhd's Return-on-Tangible-Asset too high?
MNRB Holdings Bhd's current Return-on-Tangible-Asset of 3.24% is 95% above median its 10-year median of 1.66. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 3.98. The Insurance industry median Return-on-Tangible-Asset is 2.75. MNRB Holdings Bhd's value of 3.24% is 18% above this industry median. Based on the distribution chart, MNRB Holdings Bhd ranks #173 out of 506 companies in the Insurance industry, which is above the industry midpoint. Overall, MNRB Holdings Bhd has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MNRB Holdings Bhd's Return-on-Tangible-Asset compare to RGA and EG?
According to the Insurance industry distribution chart, MNRB Holdings Bhd ranks #173 out of 506 companies for Return-on-Tangible-Asset. This puts MNRB Holdings Bhd in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.75. MNRB Holdings Bhd's value of 3.24% is 18% above this benchmark. Historically, MNRB Holdings Bhd's own Return-on-Tangible-Asset has ranged from 0.97 to 3.98 over the past decade. While the company's 10-year median is 1.66 vs. the industry median of 2.75, MNRB Holdings 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 Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.75, based on 506 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. MNRB Holdings Bhd's current Return-on-Tangible-Asset of 3.24% is 18% 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 MNRB Holdings Bhd and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MNRB Holdings Bhd's current Return-on-Tangible-Asset is 3.24%, which is 95% above median its own 10-year median of 1.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MNRB Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, MNRB Holdings Bhd (XKLS:6459) is currently considered Modestly Overvalued. The stock's GF Value™ is RM2.43, compared to a current price of RM2.72 — trading 11.9% above its estimated fair value. The current Return-on-Tangible-Asset is 3.24%, which is 95% above median its 10-year median of 1.66 and 18% above the Insurance industry median of 2.75. MNRB Holdings Bhd's overall GF Score™ is 79/100 with 8 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 MNRB Holdings Bhd (XKLS:6459), the current Return-on-Tangible-Asset is 3.24% 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 MNRB Holdings Bhd (XKLS:6459) Overvalued in 2026?
Based on GuruFocus' analysis, MNRB Holdings Bhd stock appears to be overvalued.
The current stock price of RM2.72 is trading 11.9% above its estimated GF Value™ of RM2.43.
GuruFocus considers MNRB Holdings Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:6459:
Return-on-Tangible-Asset: 3.24% (95% above median its 10-year median of 1.66)
GF Value™: RM2.43 vs. price of RM2.72 (11.9% above fair value)
Industry Position: 18% above the Insurance median (#173 of 506)
No single metric tells the full story. See the XKLS:6459 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MNRB Holdings Bhd is engaged in the provision of management services to its subsidiaries. The group is a reinsurance provider as per the retakaful and takaful system according to sharia law. It comprises wholesale providers of reinsurance and retakaful as well as a takaful operator. The reinsurance services are provided in the areas of fire, marine, motor, miscellaneous, and family retakaful. The company is also engaged in the investment holding business and mainly operates in Malaysia and the United Arab Emirates.
79GF Score
Get the complete analysis for XKLS:6459
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:6459 has been successfully added to your 
