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Carlsberg Brewery Malaysia BhdXKLS:2836 -0.25%81 Return-on-Tangible-Equity is 120.03% as of Mar. 2026, which is 7% below its 10-year median of 128.67. GuruFocus rates XKLS:2836 with a GF Score™ of 81/100 and a GF Value™ of RM19.38 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 200 Beverages - Alcoholic companies, Carlsberg Brewery Malaysia Bhd ranks better than 90% 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. Carlsberg Brewery Malaysia Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM396 Mil. Carlsberg Brewery Malaysia Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RM330 Mil. Therefore, Carlsberg Brewery Malaysia Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 120.03%.
The historical rank and industry rank for Carlsberg Brewery Malaysia Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:2836'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 63.29 Med: 128.67 Max: 189.97
Current: 121.31
During the past 13 years, Carlsberg Brewery Malaysia Bhd's highest Return-on-Tangible-Equity was 189.97%. The lowest was 63.29%. And the median was 128.67%.
XKLS:2836's Return-on-Tangible-Equity is ranked better than 90% of 200
companies
in the Beverages - Alcoholic industry
Industry Median: 8.51
vs XKLS:2836: 121.31
Carlsberg Brewery Malaysia Bhd (XKLS:2836) 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.
Carlsberg Brewery Malaysia Bhd Return-on-Tangible-Equity Related Terms
Carlsberg Brewery Malaysia 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.
Carlsberg Brewery Malaysia Bhd Return-on-Tangible-Equity Chart
XKLS:2836 vs BUD, STZ, TAP: Return-on-Tangible-Equity Comparison
For the Beverages - Brewers subindustry, Carlsberg Brewery Malaysia 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.
Carlsberg Brewery Malaysia Bhd Return-on-Tangible-Equity vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg Brewery Malaysia Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Carlsberg Brewery Malaysia 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 120.03% mean?
Carlsberg Brewery Malaysia Bhd (XKLS:2836) has a Return-on-Tangible-Equity of 120.03% 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 Carlsberg Brewery Malaysia Bhd and its competitors. This is near median its historical median of 128.67. Over the past decade, Carlsberg Brewery Malaysia Bhd's Return-on-Tangible-Equity has ranged from 63.29 to 189.97. According to the industry distribution chart, Carlsberg Brewery Malaysia Bhd ranks #20 out of 200 companies in the Beverages - Alcoholic industry, placing it in the top 10%.
Is Carlsberg Brewery Malaysia Bhd's Return-on-Tangible-Equity too high?
Carlsberg Brewery Malaysia Bhd's current Return-on-Tangible-Equity of 120.03% is near median its 10-year median of 128.67. Over the past 10 years, this metric has ranged from a low of 63.29 to a high of 189.97. The Beverages - Alcoholic industry median Return-on-Tangible-Equity is 8.51. Carlsberg Brewery Malaysia Bhd's value of 120.03% is 1310.5% above this industry median. Based on the distribution chart, Carlsberg Brewery Malaysia Bhd ranks #20 out of 200 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Carlsberg Brewery Malaysia Bhd has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carlsberg Brewery Malaysia Bhd's Return-on-Tangible-Equity compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Carlsberg Brewery Malaysia Bhd ranks #20 out of 200 companies for Return-on-Tangible-Equity. This places Carlsberg Brewery Malaysia Bhd in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.51. Carlsberg Brewery Malaysia Bhd's value of 120.03% is 1310.5% above this benchmark. Historically, Carlsberg Brewery Malaysia Bhd's own Return-on-Tangible-Equity has ranged from 63.29 to 189.97 over the past decade. While the company's 10-year median is 128.67 vs. the industry median of 8.51, Carlsberg Brewery Malaysia 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 Beverages - Alcoholic company?
The median Return-on-Tangible-Equity among Beverages - Alcoholic companies is 8.51, based on 200 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. Carlsberg Brewery Malaysia Bhd's current Return-on-Tangible-Equity of 120.03% is 1310.5% 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 Carlsberg Brewery Malaysia Bhd and its competitors. For the Beverages - Alcoholic industry, the median Return-on-Tangible-Equity is 8.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlsberg Brewery Malaysia Bhd's current Return-on-Tangible-Equity is 120.03%, which is near median its own 10-year median of 128.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carlsberg Brewery Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Carlsberg Brewery Malaysia Bhd (XKLS:2836) is currently considered Modestly Undervalued. The stock's GF Value™ is RM19.38, compared to a current price of RM16.10 — trading 16.9% below its estimated fair value. The current Return-on-Tangible-Equity is 120.03%, which is near median its 10-year median of 128.67 and 1310.5% above the Beverages - Alcoholic industry median of 8.51. Carlsberg Brewery Malaysia Bhd's overall GF Score™ is 81/100 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 Carlsberg Brewery Malaysia Bhd (XKLS:2836), the current Return-on-Tangible-Equity is 120.03% 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 Carlsberg Brewery Malaysia Bhd (XKLS:2836) Overvalued in 2026?
Based on GuruFocus' analysis, Carlsberg Brewery Malaysia Bhd stock appears to be undervalued.
The current stock price of RM16.10 is trading 16.9% below its estimated GF Value™ of RM19.38.
GuruFocus considers Carlsberg Brewery Malaysia Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:2836:
Return-on-Tangible-Equity: 120.03% (near median its 10-year median of 128.67)
GF Value™: RM19.38 vs. price of RM16.10 (16.9% below fair value)
Industry Position: 1310.5% above the Beverages - Alcoholic median (#20 of 200)
No single metric tells the full story. See the XKLS:2836 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carlsberg Brewery Malaysia Bhd Business Description
Carlsberg Brewery Malaysia Bhd produces and sells beer, stout, cider, shandy, and nonalcoholic malt beverages in Asia. The company produces its products in Malaysia, and nearly all sales are in Malaysia and Singapore. The company also exports products to Sri Lanka, Thailand, Taiwan, and Hong Kong. Carlsberg is the company's flagship brand. Other brands include Kronenbourg 1664, Somersby Ciders, Asahi Dry, Royal Stout, Skol, Jolly Shandy, Nutrimalt, Connor's Stout Porter, and Corona Extra. The company has three segments: Malaysia, Singapore, and Others. It generates the majority of its revenue from the Malaysia segment, which includes manufacturing, marketing, and distribution of both alcoholic and non-alcoholic beverages by entities in Malaysia.
81GF Score
Get the complete analysis for XKLS:2836
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