Qes Group BhdXKLS:0196 70 Return-on-Tangible-Equity is 8.02% as of Mar. 2026, which is 42% below its 10-year median of 13.87. GuruFocus rates XKLS:0196 with a GF Score™ of 70/100 and a GF Value™ of RM0.59 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,387 Hardware companies, Qes Group Bhd ranks better than 68.58% 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. Qes Group Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM14.8 Mil. Qes Group Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RM184.6 Mil. Therefore, Qes Group Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.02%.
The historical rank and industry rank for Qes Group Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:0196'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.02 Med: 13.87 Max: 44.07
Current: 10.64
During the past 12 years, Qes Group Bhd's highest Return-on-Tangible-Equity was 44.07%. The lowest was 4.02%. And the median was 13.87%.
XKLS:0196's Return-on-Tangible-Equity is ranked better than 68.58% of 2387
companies
in the Hardware industry
Industry Median: 5.28
vs XKLS:0196: 10.64
Qes Group Bhd (XKLS:0196) 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.
Qes Group Bhd Return-on-Tangible-Equity Related Terms
Qes Group Bhd Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Qes Group 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.
XKLS:0196 vs SNX, ARW, AVT: Return-on-Tangible-Equity Comparison
For the Electronics & Computer Distribution subindustry, Qes Group 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.
Qes Group Bhd Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Qes Group Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Qes Group 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 8.02% mean?
Qes Group Bhd (XKLS:0196) has a Return-on-Tangible-Equity of 8.02% 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 Qes Group Bhd and its competitors. This is 42% below median its historical median of 13.87. Over the past decade, Qes Group Bhd's Return-on-Tangible-Equity has ranged from 4.02 to 44.07. According to the industry distribution chart, Qes Group Bhd ranks #750 out of 2387 companies in the Hardware industry, placing it in the top 31.4%.
Is Qes Group Bhd's Return-on-Tangible-Equity too high?
Qes Group Bhd's current Return-on-Tangible-Equity of 8.02% is 42% below median its 10-year median of 13.87. Over the past 10 years, this metric has ranged from a low of 4.02 to a high of 44.07. The Hardware industry median Return-on-Tangible-Equity is 5.28. Qes Group Bhd's value of 8.02% is 51.9% above this industry median. Based on the distribution chart, Qes Group Bhd ranks #750 out of 2387 companies in the Hardware industry, which is above the industry midpoint. Overall, Qes Group Bhd has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Qes Group Bhd's Return-on-Tangible-Equity compare to SNX and ARW?
According to the Hardware industry distribution chart, Qes Group Bhd ranks #750 out of 2387 companies for Return-on-Tangible-Equity. This puts Qes Group Bhd in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.28. Qes Group Bhd's value of 8.02% is 51.9% above this benchmark. Historically, Qes Group Bhd's own Return-on-Tangible-Equity has ranged from 4.02 to 44.07 over the past decade. While the company's 10-year median is 13.87 vs. the industry median of 5.28, Qes Group Bhd has consistently been above 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-Equity for a Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.28, based on 2,387 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Qes Group Bhd's current Return-on-Tangible-Equity of 8.02% is 51.9% above 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-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 Qes Group Bhd and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qes Group Bhd's current Return-on-Tangible-Equity is 8.02%, which is 42% below median its own 10-year median of 13.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qes Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Qes Group Bhd (XKLS:0196) is currently considered Fairly Valued. The stock's GF Value™ is RM0.59, compared to a current price of RM0.57 — trading 4.2% below its estimated fair value. The current Return-on-Tangible-Equity is 8.02%, which is 42% below median its 10-year median of 13.87 and 51.9% above the Hardware industry median of 5.28. Qes Group Bhd's overall GF Score™ is 70/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Qes Group Bhd (XKLS:0196), the current Return-on-Tangible-Equity is 8.02% 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 Qes Group Bhd (XKLS:0196) Overvalued in 2026?
Based on GuruFocus' analysis, Qes Group Bhd stock appears to be undervalued.
The current stock price of RM0.57 is trading 4.2% below its estimated GF Value™ of RM0.59.
GuruFocus considers Qes Group Bhd to be Fairly Valued.
Key valuation signals for XKLS:0196:
Return-on-Tangible-Equity: 8.02% (42% below median its 10-year median of 13.87)
GF Value™: RM0.59 vs. price of RM0.57 (4.2% below fair value)
Industry Position: 51.9% above the Hardware median (#750 of 2387)
No single metric tells the full story. See the XKLS:0196 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qes Group Bhd is a Malaysia-based investment holding. The company has multiple businesses that includes, the Equipment segment which derives maximum revenue includes marketing and servicing of scientific instruments. The materials and Engineering solutions distribution segment includes trading and servicing of industrial parts, equipment, and scientific instruments. The manufacturing division includes manufacturing, trading, and servicing industrial parts and equipment and providing a vision software solution for automated equipment, mechanical and electrical engineering consultancy service, and investment holding, that invests in shares.
70GF Score
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