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Joe Holding BhdXKLS:7096 Return-on-Tangible-Asset is -11.31% as of Mar. 2026. The stock has 6 warning signs investors should review. Among 1,330 Vehicles & Parts companies, Joe Holding Bhd ranks worse than 89.92% 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. Joe Holding Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM-24.16 Mil. Joe Holding Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM213.63 Mil. Therefore, Joe Holding Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -11.31%.
The historical rank and industry rank for Joe Holding Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:7096'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15.71 Med: -2.84 Max: 6.27
Current: -7.86
During the past 13 years, Joe Holding Bhd's highest Return-on-Tangible-Asset was 6.27%. The lowest was -15.71%. And the median was -2.84%.
XKLS:7096's Return-on-Tangible-Asset is ranked worse than 89.92% of 1330
companies
in the Vehicles & Parts industry
Industry Median: 3.165
vs XKLS:7096: -7.86
Joe Holding Bhd (XKLS:7096) 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.
Joe Holding Bhd Return-on-Tangible-Asset Related Terms
Joe Holding Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Joe Holding 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:7096 vs ORLY, AZO, GPC: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Joe Holding 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.
Joe Holding Bhd Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Joe Holding Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Joe Holding 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 -11.31% mean?
Joe Holding Bhd (XKLS:7096) has a Return-on-Tangible-Asset of -11.31% 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 Joe Holding Bhd and its competitors. According to the industry distribution chart, Joe Holding Bhd ranks #1196 out of 1330 companies in the Vehicles & Parts industry, placing it in the top 89.9%.
Is Joe Holding Bhd's Return-on-Tangible-Asset too high?
Joe Holding Bhd's current Return-on-Tangible-Asset is -11.31%. Based on the distribution chart, Joe Holding Bhd ranks #1196 out of 1330 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers.
How does Joe Holding Bhd's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Joe Holding Bhd ranks #1196 out of 1330 companies for Return-on-Tangible-Asset. This places Joe Holding Bhd in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.17. 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.17, based on 1,330 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 Joe Holding Bhd and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Joe Holding Bhd's current Return-on-Tangible-Asset is -11.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joe Holding Bhd stock overvalued right now?
Based on GuruFocus' analysis, Joe Holding Bhd (XKLS:7096) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.07, compared to a current price of RM0.06 — trading 21.4% below its estimated fair value. The current Return-on-Tangible-Asset is -11.31%. 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 Joe Holding Bhd (XKLS:7096), the current Return-on-Tangible-Asset is -11.31% 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.
Joe Holding Bhd is a Malaysian investment holding company. Along with its subsidiaries, the company operates in the following business segments: Automotive batteries, Valve Regulated lead Acid (VRLA) batteries, Investment holding, and Others. It generates maximum revenue from the Automotive batteries segment, which is engaged in the manufacture, assembly, and sale of automotive batteries and components. The Valve Regulated Lead Acid (VRLA) batteries segment manufactures, assembles, and sells sealed lead (VRLA) batteries; the Investment holding segment is involved in providing warehouse storage service and real estate with its own or lease property n.e.c.; and the Others segment represents gloves manufacturing and dormant subsidiary companies.
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