JS Solar Holding BhdXKLS:0369 -2.63%4 Return-on-Tangible-Equity is 4.61% as of Mar. 2026, which is 86% below its 10-year median of 32.86. GuruFocus rates XKLS:0369 with a GF Score™ of 4/100. The stock has 6 warning signs investors should review. Among 427 Utilities - Independent Power Producers companies, JS Solar Holding Bhd ranks worse than 80.09% 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. JS Solar Holding Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM1.84 Mil. JS Solar Holding Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RM40.02 Mil. Therefore, JS Solar Holding Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 4.61%.
The historical rank and industry rank for JS Solar Holding Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:0369'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -55.71 Med: 32.86 Max: 106.66
Current: -7.68
During the past 5 years, JS Solar Holding Bhd's highest Return-on-Tangible-Equity was 106.66%. The lowest was -55.71%. And the median was 32.86%.
XKLS:0369's Return-on-Tangible-Equity is ranked worse than 80.09% of 427
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.68
vs XKLS:0369: -7.68
JS Solar Holding Bhd (XKLS:0369) 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.
JS Solar Holding Bhd Return-on-Tangible-Equity Related Terms
JS Solar Holding Bhd Return-on-Tangible-Equity Historical Data
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The historical data trend for JS Solar Holding 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.
JS Solar Holding Bhd Return-on-Tangible-Equity Chart
JS Solar Holding Bhd Return-on-Tangible-Equity Competitor Comparison
For the Utilities - Renewable subindustry, JS Solar Holding 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.
JS Solar Holding Bhd Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, JS Solar Holding Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where JS Solar Holding 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 4.61% mean?
JS Solar Holding Bhd (XKLS:0369) has a Return-on-Tangible-Equity of 4.61% 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 JS Solar Holding Bhd and its competitors. This is 86% below median its historical median of 32.86. According to the industry distribution chart, JS Solar Holding Bhd ranks #342 out of 427 companies in the Utilities - Independent Power Producers industry, placing it in the top 80.1%.
Is JS Solar Holding Bhd's Return-on-Tangible-Equity too high?
JS Solar Holding Bhd's current Return-on-Tangible-Equity of 4.61% is 86% below median its 10-year median of 32.86. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.68. JS Solar Holding Bhd's value of 4.61% is 1.5% below this industry median. Based on the distribution chart, JS Solar Holding Bhd ranks #342 out of 427 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, JS Solar Holding Bhd has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does JS Solar Holding Bhd's Return-on-Tangible-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, JS Solar Holding Bhd ranks #342 out of 427 companies for Return-on-Tangible-Equity. This places JS Solar Holding Bhd in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.68. JS Solar Holding Bhd's value of 4.61% is 1.5% below this benchmark. While the company's 10-year median is 32.86 vs. the industry median of 4.68, JS Solar Holding 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.68, based on 427 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. JS Solar Holding Bhd's current Return-on-Tangible-Equity of 4.61% is 1.5% 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 JS Solar Holding Bhd and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JS Solar Holding Bhd's current Return-on-Tangible-Equity is 4.61%, which is 86% below median its own 10-year median of 32.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JS Solar Holding Bhd stock overvalued right now?
JS Solar Holding Bhd (XKLS:0369) has a current Return-on-Tangible-Equity of 4.61%. The current Return-on-Tangible-Equity is 4.61%, which is 86% below median its 10-year median of 32.86 and 1.5% below the Utilities - Independent Power Producers industry median of 4.68. JS Solar Holding Bhd's overall GF Score™ is 4/100 with 6 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 JS Solar Holding Bhd (XKLS:0369), the current Return-on-Tangible-Equity is 4.61% 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.
JS Solar Holding Bhd is principally an investment holding company. Through its Subsidiaries, it is principally involved in the provision of EPCC services and contracting services for solar PV systems. The company also complement its solar PV system projects through the provision of O&M services to assist its customers in operating and maintaining their solar PV systems.
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