Northern Solar Holdings BhdXKLS:0340 18 Return-on-Tangible-Equity is 15.27% as of Mar. 2026, which is 76% below its 10-year median of 64.63. GuruFocus rates XKLS:0340 with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 984 Semiconductors companies, Northern Solar Holdings Bhd ranks better than 84.35% 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. Northern Solar Holdings Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM12.4 Mil. Northern Solar Holdings Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RM81.4 Mil. Therefore, Northern Solar Holdings Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.27%.
The historical rank and industry rank for Northern Solar Holdings Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:0340'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 20.24 Med: 64.63 Max: 81.45
Current: 20.24
During the past 5 years, Northern Solar Holdings Bhd's highest Return-on-Tangible-Equity was 81.45%. The lowest was 20.24%. And the median was 64.63%.
XKLS:0340's Return-on-Tangible-Equity is ranked better than 84.35% of 984
companies
in the Semiconductors industry
Industry Median: 5.24
vs XKLS:0340: 20.24
Northern Solar Holdings Bhd (XKLS:0340) 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.
Northern Solar Holdings Bhd Return-on-Tangible-Equity Related Terms
Northern Solar 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.
Northern Solar Holdings Bhd Return-on-Tangible-Equity Chart
XKLS:0340 vs FSLR, NXT, ENPH: Return-on-Tangible-Equity Comparison
For the Solar subindustry, Northern Solar 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.
Northern Solar Holdings Bhd Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Northern Solar Holdings Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Northern Solar 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 15.27% mean?
Northern Solar Holdings Bhd (XKLS:0340) has a Return-on-Tangible-Equity of 15.27% 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 Northern Solar Holdings Bhd and its competitors. This is 76% below median its historical median of 64.63. Over the past decade, Northern Solar Holdings Bhd's Return-on-Tangible-Equity has ranged from 20.24 to 81.45. According to the industry distribution chart, Northern Solar Holdings Bhd ranks #154 out of 984 companies in the Semiconductors industry, placing it in the top 15.7%.
Is Northern Solar Holdings Bhd's Return-on-Tangible-Equity too high?
Northern Solar Holdings Bhd's current Return-on-Tangible-Equity of 15.27% is 76% below median its 10-year median of 64.63. Over the past 10 years, this metric has ranged from a low of 20.24 to a high of 81.45. The Semiconductors industry median Return-on-Tangible-Equity is 5.24. Northern Solar Holdings Bhd's value of 15.27% is 191.4% above this industry median. Based on the distribution chart, Northern Solar Holdings Bhd ranks #154 out of 984 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Northern Solar Holdings Bhd has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Northern Solar Holdings Bhd's Return-on-Tangible-Equity compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Northern Solar Holdings Bhd ranks #154 out of 984 companies for Return-on-Tangible-Equity. This places Northern Solar Holdings Bhd in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.24. Northern Solar Holdings Bhd's value of 15.27% is 191.4% above this benchmark. Historically, Northern Solar Holdings Bhd's own Return-on-Tangible-Equity has ranged from 20.24 to 81.45 over the past decade. While the company's 10-year median is 64.63 vs. the industry median of 5.24, Northern Solar 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 a Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.24, based on 984 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. Northern Solar Holdings Bhd's current Return-on-Tangible-Equity of 15.27% is 191.4% 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 Northern Solar Holdings Bhd and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Solar Holdings Bhd's current Return-on-Tangible-Equity is 15.27%, which is 76% below median its own 10-year median of 64.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Solar Holdings Bhd stock overvalued right now?
Northern Solar Holdings Bhd (XKLS:0340) has a current Return-on-Tangible-Equity of 15.27%. The current Return-on-Tangible-Equity is 15.27%, which is 76% below median its 10-year median of 64.63 and 191.4% above the Semiconductors industry median of 5.24. Northern Solar Holdings Bhd's overall GF Score™ is 18/100 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 Northern Solar Holdings Bhd (XKLS:0340), the current Return-on-Tangible-Equity is 15.27% 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.
Northern Solar Holdings Bhd Group is principally involved in the EPCC of solar PV systems, Generation of renewable energy, and O&M of solar PV equipment and systems. Its EPCC of solar PV systems involves the provision of engineering design and planning, procurement and supply, construction, installation, testing, and commissioning of solar PV systems for commercial, industrial, and residential buildings. The Group owns, operates, and maintains rooftop solar PV systems that generate and sell electricity to NEM and SELCO consumers in Peninsular Malaysia. Its O&M of solar PV equipment and systems involves providing O&M services for solar PV equipment and systems installed in commercial, industrial, & residential buildings. The majority of revenue is derived from the EPCC of solar PV systems.
18GF Score
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