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.
ASTEEL Group BhdXKLS:7020 Return-on-Tangible-Asset is 0.44% as of Mar. 2026. The stock has 5 warning signs investors should review. Among 634 Steel companies, ASTEEL Group Bhd ranks worse than 67.19% 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. ASTEEL Group Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM1.1 Mil. ASTEEL Group Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM250.5 Mil. Therefore, ASTEEL Group Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.44%.
The historical rank and industry rank for ASTEEL Group Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:7020'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -33.11 Med: -2.63 Max: 3.21
Current: 0.14
During the past 13 years, ASTEEL Group Bhd's highest Return-on-Tangible-Asset was 3.21%. The lowest was -33.11%. And the median was -2.63%.
XKLS:7020's Return-on-Tangible-Asset is ranked worse than 67.19% of 634
companies
in the Steel industry
Industry Median: 2.055
vs XKLS:7020: 0.14
ASTEEL Group Bhd (XKLS:7020) 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.
ASTEEL Group Bhd Return-on-Tangible-Asset Related Terms
ASTEEL Group Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for ASTEEL Group 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:7020 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, ASTEEL Group 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.
ASTEEL Group Bhd Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, ASTEEL Group Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ASTEEL Group 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 0.44% mean?
ASTEEL Group Bhd (XKLS:7020) has a Return-on-Tangible-Asset of 0.44% 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 ASTEEL Group Bhd and its competitors. According to the industry distribution chart, ASTEEL Group Bhd ranks #426 out of 634 companies in the Steel industry, placing it in the top 67.2%.
Is ASTEEL Group Bhd's Return-on-Tangible-Asset too high?
ASTEEL Group Bhd's current Return-on-Tangible-Asset is 0.44%. The Steel industry median Return-on-Tangible-Asset is 2.06. ASTEEL Group Bhd's value of 0.44% is 78.6% below this industry median. Based on the distribution chart, ASTEEL Group Bhd ranks #426 out of 634 companies in the Steel industry, which is below the industry midpoint.
How does ASTEEL Group Bhd's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, ASTEEL Group Bhd ranks #426 out of 634 companies for Return-on-Tangible-Asset. This places ASTEEL Group Bhd in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.06. ASTEEL Group Bhd's value of 0.44% is 78.6% below this benchmark. 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.06, based on 634 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. ASTEEL Group Bhd's current Return-on-Tangible-Asset of 0.44% is 78.6% below 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 ASTEEL Group Bhd and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASTEEL Group Bhd's current Return-on-Tangible-Asset is 0.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASTEEL Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, ASTEEL Group Bhd (XKLS:7020) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.09, compared to a current price of RM0.07 — trading 27.8% below its estimated fair value. The current Return-on-Tangible-Asset is 0.44% and 78.6% below the Steel industry median of 2.06. 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 ASTEEL Group Bhd (XKLS:7020), the current Return-on-Tangible-Asset is 0.44% 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.
ASTEEL Group Bhd specializes in steel roofing and structure design and building, and focuses on the downstream industry for other building and construction materials. It is involved in the manufacturing of coated steel products and processing of metal roofing, wall cladding & fencing, metal floor decking, light gauge structural components, purlins, and framing systems under the brands ASTEEL and ASTAR. The firm operates in two segments: ARSB and STARSHINE. The ARSB segment that generates the majority of its revenue, engages in manufacturing and selling coated steel products and downstream roofing products, trading of hardware and building materials in Sabah and Sarawak, East Malaysia.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:7020 has been successfully added to your 
