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Wavefront BhdXKLS:8176 35 Return-on-Tangible-Asset is 0.08% as of Mar. 2026, which is 96% below its 10-year median of 1.92. GuruFocus rates XKLS:8176 with a GF Score™ of 35/100 and a GF Value™ of RM0.22 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,501 Hardware companies, Wavefront Bhd ranks worse than 68.17% 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. Wavefront Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM0.4 Mil. Wavefront Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM527.3 Mil. Therefore, Wavefront Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.08%.
The historical rank and industry rank for Wavefront Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:8176'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -23.44 Med: 1.92 Max: 17.86
Current: -0.77
During the past 13 years, Wavefront Bhd's highest Return-on-Tangible-Asset was 17.86%. The lowest was -23.44%. And the median was 1.92%.
XKLS:8176's Return-on-Tangible-Asset is ranked worse than 68.17% of 2501
companies
in the Hardware industry
Industry Median: 2.45
vs XKLS:8176: -0.77
Wavefront Bhd (XKLS:8176) 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.
Wavefront Bhd Return-on-Tangible-Asset Related Terms
Wavefront Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Wavefront 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:8176 vs APH, GLW: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Wavefront 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.
Wavefront Bhd Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Wavefront Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Wavefront 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 0.08% mean?
Wavefront Bhd (XKLS:8176) has a Return-on-Tangible-Asset of 0.08% 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 Wavefront Bhd and its competitors. This is 96% below median its historical median of 1.92. According to the industry distribution chart, Wavefront Bhd ranks #1705 out of 2501 companies in the Hardware industry, placing it in the top 68.2%.
Is Wavefront Bhd's Return-on-Tangible-Asset too high?
Wavefront Bhd's current Return-on-Tangible-Asset of 0.08% is 96% below median its 10-year median of 1.92. The Hardware industry median Return-on-Tangible-Asset is 2.45. Wavefront Bhd's value of 0.08% is 96.7% below this industry median. Based on the distribution chart, Wavefront Bhd ranks #1705 out of 2501 companies in the Hardware industry, which is below the industry midpoint. Overall, Wavefront Bhd has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Wavefront Bhd's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Wavefront Bhd ranks #1705 out of 2501 companies for Return-on-Tangible-Asset. This places Wavefront Bhd in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.45. Wavefront Bhd's value of 0.08% is 96.7% below this benchmark. While the company's 10-year median is 1.92 vs. the industry median of 2.45, Wavefront Bhd has consistently been below 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 a Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.45, 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. Wavefront Bhd's current Return-on-Tangible-Asset of 0.08% is 96.7% 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 Wavefront Bhd and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wavefront Bhd's current Return-on-Tangible-Asset is 0.08%, which is 96% below median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wavefront Bhd stock overvalued right now?
Based on GuruFocus' analysis, Wavefront Bhd (XKLS:8176) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.22, compared to a current price of RM0.13 — trading 40.9% below its estimated fair value. The current Return-on-Tangible-Asset is 0.08%, which is 96% below median its 10-year median of 1.92 and 96.7% below the Hardware industry median of 2.45. Wavefront Bhd's overall GF Score™ is 35/100 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 Wavefront Bhd (XKLS:8176), the current Return-on-Tangible-Asset is 0.08% 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 Wavefront Bhd (XKLS:8176) Overvalued in 2026?
Based on GuruFocus' analysis, Wavefront Bhd stock appears to be undervalued.
The current stock price of RM0.13 is trading 40.9% below its estimated GF Value™ of RM0.22.
GuruFocus considers Wavefront Bhd to be Possible Value Trap.
Key valuation signals for XKLS:8176:
Return-on-Tangible-Asset: 0.08% (96% below median its 10-year median of 1.92)
GF Value™: RM0.22 vs. price of RM0.13 (40.9% below fair value)
Industry Position: 96.7% below the Hardware median (#1705 of 2501)
No single metric tells the full story. See the XKLS:8176 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wavefront Bhd is an investment holding company. The company is principally involved in the manufacturing and sales of precision plastic injection moulded parts, secondary process, sub-assembly, and full assembly of the finished products for the electronic industry, and is predominantly carried out in Malaysia.
35GF Score
Get the complete analysis for XKLS:8176
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