Elridge Energy Holdings BhdXKLS:0318 18 Return-on-Tangible-Equity is 29.51% as of Mar. 2026, which is 25% below its 10-year median of 39.26. GuruFocus rates XKLS:0318 with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 425 Utilities - Independent Power Producers companies, Elridge Energy Holdings Bhd ranks better than 89.65% 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. Elridge Energy Holdings Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM71.1 Mil. Elridge Energy Holdings Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RM240.9 Mil. Therefore, Elridge Energy Holdings Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 29.51%.
The historical rank and industry rank for Elridge Energy Holdings Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:0318'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 28.18 Med: 39.26 Max: 101.36
Current: 28.34
During the past 5 years, Elridge Energy Holdings Bhd's highest Return-on-Tangible-Equity was 101.36%. The lowest was 28.18%. And the median was 39.26%.
XKLS:0318's Return-on-Tangible-Equity is ranked better than 89.65% of 425
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.71
vs XKLS:0318: 28.34
Elridge Energy Holdings Bhd (XKLS:0318) 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.
Elridge Energy Holdings Bhd Return-on-Tangible-Equity Related Terms
Elridge Energy Holdings Bhd Return-on-Tangible-Equity Historical Data
* 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.
Elridge Energy Holdings Bhd Return-on-Tangible-Equity Chart
Elridge Energy Holdings Bhd Return-on-Tangible-Equity Competitor Comparison
For the Utilities - Renewable subindustry, Elridge Energy Holdings 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.
Elridge Energy Holdings Bhd Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Elridge Energy Holdings Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Elridge Energy Holdings 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 29.51% mean?
Elridge Energy Holdings Bhd (XKLS:0318) has a Return-on-Tangible-Equity of 29.51% 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 Elridge Energy Holdings Bhd and its competitors. This is 25% below median its historical median of 39.26. Over the past decade, Elridge Energy Holdings Bhd's Return-on-Tangible-Equity has ranged from 28.18 to 101.36. According to the industry distribution chart, Elridge Energy Holdings Bhd ranks #44 out of 425 companies in the Utilities - Independent Power Producers industry, placing it in the top 10.4%.
Is Elridge Energy Holdings Bhd's Return-on-Tangible-Equity too high?
Elridge Energy Holdings Bhd's current Return-on-Tangible-Equity of 29.51% is 25% below median its 10-year median of 39.26. Over the past 10 years, this metric has ranged from a low of 28.18 to a high of 101.36. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.71. Elridge Energy Holdings Bhd's value of 29.51% is 526.5% above this industry median. Based on the distribution chart, Elridge Energy Holdings Bhd ranks #44 out of 425 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Elridge Energy Holdings Bhd has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Elridge Energy Holdings Bhd's Return-on-Tangible-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Elridge Energy Holdings Bhd ranks #44 out of 425 companies for Return-on-Tangible-Equity. This places Elridge Energy Holdings Bhd in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.71. Elridge Energy Holdings Bhd's value of 29.51% is 526.5% above this benchmark. Historically, Elridge Energy Holdings Bhd's own Return-on-Tangible-Equity has ranged from 28.18 to 101.36 over the past decade. While the company's 10-year median is 39.26 vs. the industry median of 4.71, Elridge Energy Holdings 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.71, based on 425 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. Elridge Energy Holdings Bhd's current Return-on-Tangible-Equity of 29.51% is 526.5% 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 Elridge Energy Holdings Bhd and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elridge Energy Holdings Bhd's current Return-on-Tangible-Equity is 29.51%, which is 25% below median its own 10-year median of 39.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elridge Energy Holdings Bhd stock overvalued right now?
Elridge Energy Holdings Bhd (XKLS:0318) has a current Return-on-Tangible-Equity of 29.51%. The current Return-on-Tangible-Equity is 29.51%, which is 25% below median its 10-year median of 39.26 and 526.5% above the Utilities - Independent Power Producers industry median of 4.71. Elridge Energy Holdings Bhd's overall GF Score™ is 18/100 with 2 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 Elridge Energy Holdings Bhd (XKLS:0318), the current Return-on-Tangible-Equity is 29.51% 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.
Elridge Energy Holdings Bhd is an investment holding company. Along with its subsidiaries, it is principally involved in the manufacturing and trading of biomass fuel products, particularly Palm Kernel Shells (PKS) and wood pellets. Geographically, the group generates a majority of its revenue from Malaysia, followed by Indonesia, Japan, Singapore, and Thailand.
18GF Score
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