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Leader Steel Holdings BhdXKLS:9881 43 Return-on-Tangible-Asset is 1.21% as of Jun. 2026, which is 46% below its 10-year median of 2.25. GuruFocus rates XKLS:9881 with a GF Score™ of 43/100 and a GF Value™ of RM0.33 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 632 Steel companies, Leader Steel Holdings Bhd ranks worse than 71.99% 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. Leader Steel Holdings Bhd's annualizedNet Income for the quarter that ended in Jun. 2026 was RM6.1 Mil. Leader Steel Holdings Bhd's average total tangible assets for the quarter that ended in Jun. 2026 was RM503.2 Mil. Therefore, Leader Steel Holdings Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 1.21%.
The historical rank and industry rank for Leader Steel Holdings Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:9881'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.75 Med: 2.25 Max: 9.29
Current: -0.34
During the past 13 years, Leader Steel Holdings Bhd's highest Return-on-Tangible-Asset was 9.29%. The lowest was -0.75%. And the median was 2.25%.
XKLS:9881's Return-on-Tangible-Asset is ranked worse than 71.99% of 632
companies
in the Steel industry
Industry Median: 2.41
vs XKLS:9881: -0.34
Leader Steel Holdings Bhd (XKLS:9881) 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.
Leader Steel Holdings Bhd Return-on-Tangible-Asset Related Terms
Leader Steel Holdings Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Leader Steel Holdings 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.
Leader Steel Holdings Bhd Return-on-Tangible-Asset Chart
XKLS:9881 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Leader Steel Holdings 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.
Leader Steel Holdings Bhd Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Leader Steel Holdings Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Leader Steel Holdings 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.21% mean?
Leader Steel Holdings Bhd (XKLS:9881) has a Return-on-Tangible-Asset of 1.21% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Leader Steel Holdings Bhd and its competitors. This is 46% below median its historical median of 2.25. According to the industry distribution chart, Leader Steel Holdings Bhd ranks #455 out of 632 companies in the Steel industry, placing it in the top 72%.
Is Leader Steel Holdings Bhd's Return-on-Tangible-Asset too high?
Leader Steel Holdings Bhd's current Return-on-Tangible-Asset of 1.21% is 46% below median its 10-year median of 2.25. The Steel industry median Return-on-Tangible-Asset is 2.41. Leader Steel Holdings Bhd's value of 1.21% is 49.8% below this industry median. Based on the distribution chart, Leader Steel Holdings Bhd ranks #455 out of 632 companies in the Steel industry, which is below the industry midpoint. Overall, Leader Steel Holdings Bhd has a GF Score™ of 43/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leader Steel Holdings Bhd's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Leader Steel Holdings Bhd ranks #455 out of 632 companies for Return-on-Tangible-Asset. This places Leader Steel Holdings Bhd in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.41. Leader Steel Holdings Bhd's value of 1.21% is 49.8% below this benchmark. While the company's 10-year median is 2.25 vs. the industry median of 2.41, Leader Steel Holdings 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.41, based on 632 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. Leader Steel Holdings Bhd's current Return-on-Tangible-Asset of 1.21% is 49.8% 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 Leader Steel Holdings Bhd and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leader Steel Holdings Bhd's current Return-on-Tangible-Asset is 1.21%, which is 46% below median its own 10-year median of 2.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leader Steel Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Leader Steel Holdings Bhd (XKLS:9881) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.33, compared to a current price of RM0.40 — trading 21.2% above its estimated fair value. The current Return-on-Tangible-Asset is 1.21%, which is 46% below median its 10-year median of 2.25 and 49.8% below the Steel industry median of 2.41. Leader Steel Holdings Bhd's overall GF Score™ is 43/100 with 6 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 Leader Steel Holdings Bhd (XKLS:9881), the current Return-on-Tangible-Asset is 1.21% as of Jun. 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 Leader Steel Holdings Bhd (XKLS:9881) Overvalued in 2026?
Based on GuruFocus' analysis, Leader Steel Holdings Bhd stock appears to be overvalued.
The current stock price of RM0.40 is trading 21.2% above its estimated GF Value™ of RM0.33.
GuruFocus considers Leader Steel Holdings Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:9881:
Return-on-Tangible-Asset: 1.21% (46% below median its 10-year median of 2.25)
GF Value™: RM0.33 vs. price of RM0.40 (21.2% above fair value)
Industry Position: 49.8% below the Steel median (#455 of 632)
No single metric tells the full story. See the XKLS:9881 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leader Steel Holdings Bhd is an investment holding company. It is engaged in the business segment of Manufacturing, processing, and trading of steel and metal products and minerals. The group's steel and metal products include steel pipes and tubes, hollow sections, and steel flat bar, whereas the minerals include iron ore, manganese, mill scales, and slags. The company has two segments: the Steel segment and the Mineral segment. The company generates the majority of its revenue from the steel segment, which is engaged in the manufacturing and distribution of steel products. Geographically, the company operates in Malaysia, China, Hong Kong, Macau, the United Kingdom, and other countries, of which key revenue is generated from Malaysia.
43GF Score
Get the complete analysis for XKLS:9881
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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