Associated Air-Pak Industries Bhd (XKLS:03067) Return-on-Tangible-Equity: 3.98% (As of Dec. 2025) — 31% Below Median

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What is Associated Air-Pak Industries Bhd Return-on-Tangible-Equity?

Associated Air-Pak Industries Bhd XKLS:03067 Return-on-Tangible-Equity is 3.98% as of Dec. 2025, which is 31% below its 10-year median of 5.76. The stock has 3 warning signs investors should review. Among 395 Packaging & Containers companies, Associated Air-Pak Industries Bhd ranks worse than 76.96% 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. Associated Air-Pak Industries Bhd's annualized net income for the quarter that ended in Dec. 2025 was RM1.14 Mil. Associated Air-Pak Industries Bhd's average shareholder tangible equity for the quarter that ended in Dec. 2025 was RM28.76 Mil. Therefore, Associated Air-Pak Industries Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 3.98%.

The historical rank and industry rank for Associated Air-Pak Industries Bhd's Return-on-Tangible-Equity or its related term are showing as below:

XKLS:03067' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1   Med: 5.76   Max: 6.19
Current: 1

During the past 3 years, Associated Air-Pak Industries Bhd's highest Return-on-Tangible-Equity was 6.19%. The lowest was 1.00%. And the median was 5.76%.

XKLS:03067's Return-on-Tangible-Equity is ranked worse than
76.96% of 395 companies
in the Packaging & Containers industry
Industry Median: 6.76 vs XKLS:03067: 1.00

Associated Air-Pak Industries Bhd  (XKLS:03067) 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.


Associated Air-Pak Industries Bhd Return-on-Tangible-Equity Related Terms


Associated Air-Pak Industries Bhd Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Associated Air-Pak Industries 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.

Associated Air-Pak Industries Bhd Return-on-Tangible-Equity Chart

Associated Air-Pak Industries Bhd Annual Data
Trend Dec23 Dec24 Dec25
Return-on-Tangible-Equity
6.19 5.76 3.70

Associated Air-Pak Industries Bhd Quarterly Data
Dec23 Dec24 Sep25 Dec25
Return-on-Tangible-Equity 0.00 0.77 0.00 3.98

XKLS:03067 vs SW, AMCR, PKG: Return-on-Tangible-Equity Comparison

For the Packaging & Containers subindustry, Associated Air-Pak Industries 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.


Associated Air-Pak Industries Bhd Return-on-Tangible-Equity vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Associated Air-Pak Industries Bhd's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Associated Air-Pak Industries Bhd's Return-on-Tangible-Equity falls into.



Associated Air-Pak Industries Bhd Return-on-Tangible-Equity Calculation

Associated Air-Pak Industries Bhd's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=1.055/( (28.094+28.906 )/ 2 )
=1.055/28.5
=3.70 %

Associated Air-Pak Industries Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=1.144/( (28.619+28.906)/ 2 )
=1.144/28.7625
=3.98 %

* 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 (Dec. 2025) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 3.98% mean?
Associated Air-Pak Industries Bhd (XKLS:03067) has a Return-on-Tangible-Equity of 3.98% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Associated Air-Pak Industries Bhd and its competitors. This is 31% below median its historical median of 5.76. Over the past decade, Associated Air-Pak Industries Bhd's Return-on-Tangible-Equity has ranged from 1.00 to 6.19. According to the industry distribution chart, Associated Air-Pak Industries Bhd ranks #304 out of 395 companies in the Packaging & Containers industry, placing it in the top 77%.
Is Associated Air-Pak Industries Bhd's Return-on-Tangible-Equity too high?
Associated Air-Pak Industries Bhd's current Return-on-Tangible-Equity of 3.98% is 31% below median its 10-year median of 5.76. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.19. The Packaging & Containers industry median Return-on-Tangible-Equity is 6.76. Associated Air-Pak Industries Bhd's value of 3.98% is 41.1% below this industry median. Based on the distribution chart, Associated Air-Pak Industries Bhd ranks #304 out of 395 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers.
How does Associated Air-Pak Industries Bhd's Return-on-Tangible-Equity compare to SW and AMCR?
According to the Packaging & Containers industry distribution chart, Associated Air-Pak Industries Bhd ranks #304 out of 395 companies for Return-on-Tangible-Equity. This places Associated Air-Pak Industries Bhd in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.76. Associated Air-Pak Industries Bhd's value of 3.98% is 41.1% below this benchmark. Historically, Associated Air-Pak Industries Bhd's own Return-on-Tangible-Equity has ranged from 1.00 to 6.19 over the past decade. While the company's 10-year median is 5.76 vs. the industry median of 6.76, Associated Air-Pak Industries 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-Equity for a Packaging & Containers company?
The median Return-on-Tangible-Equity among Packaging & Containers companies is 6.76, based on 395 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. Associated Air-Pak Industries Bhd's current Return-on-Tangible-Equity of 3.98% is 41.1% 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-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 Associated Air-Pak Industries Bhd and its competitors. For the Packaging & Containers industry, the median Return-on-Tangible-Equity is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated Air-Pak Industries Bhd's current Return-on-Tangible-Equity is 3.98%, which is 31% below median its own 10-year median of 5.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Air-Pak Industries Bhd stock overvalued right now?
Associated Air-Pak Industries Bhd (XKLS:03067) has a current Return-on-Tangible-Equity of 3.98%. The current Return-on-Tangible-Equity is 3.98%, which is 31% below median its 10-year median of 5.76 and 41.1% below the Packaging & Containers industry median of 6.76. 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 Associated Air-Pak Industries Bhd (XKLS:03067), the current Return-on-Tangible-Equity is 3.98% as of Dec. 2025. 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.

Associated Air-Pak Industries Bhd Business Description

Address 9, Persiaran Rishah 9, Kawasan Perindustrian Silibin, Perak Darul Ridzuan, Ipoh, PRK, MYS, 30100
Associated Air-Pak Industries Bhd is a manufacturer of Expanded Polyethylene Foam and Expanded Polystyrene Foam sheet. It provides range of packaging products such as Bubblepak, Expanded PE Foam, Polyethylene Films, Multi-laminated Structures, and Rolls/Sheets/Trays.