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PNE PCB BhdXKLS:6637 Return-on-Tangible-Asset is -3.34% as of Mar. 2026. The stock has 5 warning signs investors should review. Among 2,501 Hardware companies, PNE PCB Bhd ranks worse than 52.94% 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. PNE PCB Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM-2.80 Mil. PNE PCB Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM83.84 Mil. Therefore, PNE PCB Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -3.34%.
The historical rank and industry rank for PNE PCB Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:6637'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -18.38 Med: -5.25 Max: 3.43
Current: 2.01
During the past 13 years, PNE PCB Bhd's highest Return-on-Tangible-Asset was 3.43%. The lowest was -18.38%. And the median was -5.25%.
XKLS:6637's Return-on-Tangible-Asset is ranked worse than 52.94% of 2501
companies
in the Hardware industry
Industry Median: 2.44
vs XKLS:6637: 2.01
PNE PCB Bhd (XKLS:6637) 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.
PNE PCB Bhd Return-on-Tangible-Asset Related Terms
PNE PCB Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for PNE PCB 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:6637 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, PNE PCB 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.
PNE PCB Bhd Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, PNE PCB Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where PNE PCB 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 -3.34% mean?
PNE PCB Bhd (XKLS:6637) has a Return-on-Tangible-Asset of -3.34% 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 PNE PCB Bhd and its competitors. According to the industry distribution chart, PNE PCB Bhd ranks #1324 out of 2501 companies in the Hardware industry, placing it in the top 52.9%.
Is PNE PCB Bhd's Return-on-Tangible-Asset too high?
PNE PCB Bhd's current Return-on-Tangible-Asset is -3.34%. Based on the distribution chart, PNE PCB Bhd ranks #1324 out of 2501 companies in the Hardware industry, which is below the industry midpoint.
How does PNE PCB Bhd's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, PNE PCB Bhd ranks #1324 out of 2501 companies for Return-on-Tangible-Asset. This places PNE PCB Bhd in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.44. 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.44, based on 2,501 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 PNE PCB Bhd and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PNE PCB Bhd's current Return-on-Tangible-Asset is -3.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PNE PCB Bhd stock overvalued right now?
Based on GuruFocus' analysis, PNE PCB Bhd (XKLS:6637) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.04, compared to a current price of RM0.05 — trading 25% above its estimated fair value. The current Return-on-Tangible-Asset is -3.34%. 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 PNE PCB Bhd (XKLS:6637), the current Return-on-Tangible-Asset is -3.34% 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.
PNE PCB Bhd is an investment holding company. Along with its subsidiaries, it operates in the following reportable segments: Malaysia, engaged in investment holding and automobile retailing business; China, involved in the manufacturing and sale of printed circuit boards; and Singapore, engaged in the manufacturing and sale of printed circuit boards. Geographically, the Group generates all of its revenue from China.
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