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.
Kobay Technology BhdXKLS:6971 -5.53%76 Return-on-Tangible-Asset is 8.27% as of Mar. 2026, which is 43% above its 10-year median of 5.80. GuruFocus rates XKLS:6971 with a GF Score™ of 76/100 and a GF Value™ of RM1.89 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 3,073 Industrial Products companies, Kobay Technology Bhd ranks worse than 62.51% 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. Kobay Technology Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM56.3 Mil. Kobay Technology Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM681.0 Mil. Therefore, Kobay Technology Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.27%.
The historical rank and industry rank for Kobay Technology Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:6971'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.63 Med: 5.8 Max: 12.54
Current: 1.63
During the past 13 years, Kobay Technology Bhd's highest Return-on-Tangible-Asset was 12.54%. The lowest was -2.63%. And the median was 5.80%.
XKLS:6971's Return-on-Tangible-Asset is ranked worse than 62.51% of 3073
companies
in the Industrial Products industry
Industry Median: 3.26
vs XKLS:6971: 1.63
Kobay Technology Bhd (XKLS:6971) 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.
Kobay Technology Bhd Return-on-Tangible-Asset Related Terms
Kobay Technology Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kobay Technology 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.
Kobay Technology Bhd Return-on-Tangible-Asset Chart
XKLS:6971 vs CRS, ATI, MLI: Return-on-Tangible-Asset Comparison
For the Metal Fabrication subindustry, Kobay Technology 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.
Kobay Technology Bhd Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kobay Technology Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kobay Technology 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 8.27% mean?
Kobay Technology Bhd (XKLS:6971) has a Return-on-Tangible-Asset of 8.27% 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 Kobay Technology Bhd and its competitors. This is 43% above median its historical median of 5.80. According to the industry distribution chart, Kobay Technology Bhd ranks #1921 out of 3073 companies in the Industrial Products industry, placing it in the top 62.5%.
Is Kobay Technology Bhd's Return-on-Tangible-Asset too high?
Kobay Technology Bhd's current Return-on-Tangible-Asset of 8.27% is 43% above median its 10-year median of 5.80. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Kobay Technology Bhd's value of 8.27% is 153.7% above this industry median. Based on the distribution chart, Kobay Technology Bhd ranks #1921 out of 3073 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Kobay Technology Bhd has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kobay Technology Bhd's Return-on-Tangible-Asset compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Kobay Technology Bhd ranks #1921 out of 3073 companies for Return-on-Tangible-Asset. This places Kobay Technology Bhd in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.26. Kobay Technology Bhd's value of 8.27% is 153.7% above this benchmark. While the company's 10-year median is 5.80 vs. the industry median of 3.26, Kobay Technology 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 Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,073 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. Kobay Technology Bhd's current Return-on-Tangible-Asset of 8.27% is 153.7% 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 Kobay Technology Bhd and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kobay Technology Bhd's current Return-on-Tangible-Asset is 8.27%, which is 43% above median its own 10-year median of 5.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kobay Technology Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kobay Technology Bhd (XKLS:6971) is currently considered Modestly Overvalued. The stock's GF Value™ is RM1.89, compared to a current price of RM2.22 — trading 17.5% above its estimated fair value. The current Return-on-Tangible-Asset is 8.27%, which is 43% above median its 10-year median of 5.80 and 153.7% above the Industrial Products industry median of 3.26. Kobay Technology Bhd's overall GF Score™ is 76/100 with 5 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 Kobay Technology Bhd (XKLS:6971), the current Return-on-Tangible-Asset is 8.27% 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 Kobay Technology Bhd (XKLS:6971) Overvalued in 2026?
Based on GuruFocus' analysis, Kobay Technology Bhd stock appears to be overvalued.
The current stock price of RM2.22 is trading 17.5% above its estimated GF Value™ of RM1.89.
GuruFocus considers Kobay Technology Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:6971:
Return-on-Tangible-Asset: 8.27% (43% above median its 10-year median of 5.80)
GF Value™: RM1.89 vs. price of RM2.22 (17.5% above fair value)
Industry Position: 153.7% above the Industrial Products median (#1921 of 3073)
No single metric tells the full story. See the XKLS:6971 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kobay Technology Bhd is an investment holding company. Along with its subsidiaries, the company operates in the following segments: Manufacturing, Property development, Pharmaceutical and healthcare, Asset Management, Investment holding, and Others. It generates maximum revenue from the Manufacturing segment, which is engaged in the manufacturing of precision machined components, precision stamping, sheet metal parts, surface treatment, precision moulds, tooling and form dies, semiconductor assembly and testing equipment, metal works and structures, modules and parts for oil and gas production and extraction equipment, and components and sub-assemblies for aerospace parts. Geographically, it derives key revenue from Malaysia and the rest from Singapore, the USA, and other regions.
76GF Score
Get the complete analysis for XKLS:6971
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:6971 has been successfully added to your 
