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Malaysia Smelting BhdSGX:NPW 70 Return-on-Tangible-Equity is 25.51% as of Mar. 2026, which is 88% above its 10-year median of 13.54. GuruFocus rates SGX:NPW with a GF Score™ of 70/100 and a GF Value™ of S$0.45 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,381 Metals & Mining companies, Malaysia Smelting Bhd ranks better than 86.6% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Malaysia Smelting Bhd's annualized net income for the quarter that ended in Mar. 2026 was S$55.6 Mil. Malaysia Smelting Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was S$218.1 Mil. Therefore, Malaysia Smelting Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 25.51%.
The historical rank and industry rank for Malaysia Smelting Bhd's Return-on-Tangible-Equity or its related term are showing as below:
SGX:NPW'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.02 Med: 13.54 Max: 24.41
Current: 17.01
During the past 13 years, Malaysia Smelting Bhd's highest Return-on-Tangible-Equity was 24.41%. The lowest was 4.02%. And the median was 13.54%.
SGX:NPW's Return-on-Tangible-Equity is ranked better than 86.6% of 2381
companies
in the Metals & Mining industry
Industry Median: -16.41
vs SGX:NPW: 17.01
Malaysia Smelting Bhd (SGX:NPW) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Malaysia Smelting Bhd Return-on-Tangible-Equity Related Terms
Malaysia Smelting Bhd Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Malaysia Smelting Bhd's Return-on-Tangible-Equity 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.
Malaysia Smelting Bhd Return-on-Tangible-Equity Chart
Malaysia Smelting Bhd Return-on-Tangible-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Malaysia Smelting Bhd's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Malaysia Smelting Bhd Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Malaysia Smelting Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Malaysia Smelting Bhd's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 25.51% mean?
Malaysia Smelting Bhd (SGX:NPW) has a Return-on-Tangible-Equity of 25.51% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Malaysia Smelting Bhd and its competitors. This is 88% above median its historical median of 13.54. Over the past decade, Malaysia Smelting Bhd's Return-on-Tangible-Equity has ranged from 4.02 to 24.41. According to the industry distribution chart, Malaysia Smelting Bhd ranks #319 out of 2381 companies in the Metals & Mining industry, placing it in the top 13.4%.
Is Malaysia Smelting Bhd's Return-on-Tangible-Equity too high?
Malaysia Smelting Bhd's current Return-on-Tangible-Equity of 25.51% is 88% above median its 10-year median of 13.54. Over the past 10 years, this metric has ranged from a low of 4.02 to a high of 24.41. Based on the distribution chart, Malaysia Smelting Bhd ranks #319 out of 2381 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Malaysia Smelting Bhd has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Malaysia Smelting Bhd's Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Malaysia Smelting Bhd ranks #319 out of 2381 companies for Return-on-Tangible-Equity. This places Malaysia Smelting Bhd in the top 13% of its industry — outperforming the majority of peers. Historically, Malaysia Smelting Bhd's own Return-on-Tangible-Equity has ranged from 4.02 to 24.41 over the past decade. 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-Equity for a Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. However, Return-on-Tangible-Equity 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Malaysia Smelting Bhd and its competitors. Malaysia Smelting Bhd's current Return-on-Tangible-Equity is 25.51%, which is 88% above median its own 10-year median of 13.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malaysia Smelting Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malaysia Smelting Bhd (SGX:NPW) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.45, compared to a current price of S$0.61 — trading 34.4% above its estimated fair value. The current Return-on-Tangible-Equity is 25.51%, which is 88% above median its 10-year median of 13.54. Malaysia Smelting Bhd's overall GF Score™ is 70/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Malaysia Smelting Bhd (SGX:NPW), the current Return-on-Tangible-Equity is 25.51% 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 Malaysia Smelting Bhd (SGX:NPW) Overvalued in 2026?
Based on GuruFocus' analysis, Malaysia Smelting Bhd stock appears to be overvalued.
The current stock price of S$0.61 is trading 34.4% above its estimated GF Value™ of S$0.45.
GuruFocus considers Malaysia Smelting Bhd to be Significantly Overvalued.
Key valuation signals for SGX:NPW:
Return-on-Tangible-Equity: 25.51% (88% above median its 10-year median of 13.54)
GF Value™: S$0.45 vs. price of S$0.61 (34.4% above fair value)
No single metric tells the full story. See the SGX:NPW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Malaysia Smelting Corp Bhd is an investment holding company. Along with its subsidiaries, it is engaged in smelting of tin concentrates and tin-bearing materials, the production of various grades of refined tin metal under the MSC brand name, and the sales and delivery of refined tin metal and by-products. The group has three reportable operating segments: Tin smelting, Tin Mining, and Others. The majority of its revenue is generated from the Tin Smelting segment, which includes the smelting of tin concentrates and tin-bearing materials, the production of various grades of refined tin metal, and the sale and delivery of refined tin metal and by-products. Geographically, the group mainly operates in Malaysia.
70GF Score
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