Mega First BhdXKLS:3069 -0.34%76 Return-on-Tangible-Equity is 22.37% as of Mar. 2026, which is 55% below its 10-year median of 49.84. GuruFocus rates XKLS:3069 with a GF Score™ of 76/100 and a GF Value™ of RM3.18 (Fairly Valued). The stock has 6 warning signs investors should review. Among 496 Utilities - Regulated companies, Mega First Bhd ranks better than 86.9% 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. Mega First Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM249 Mil. Mega First Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RM1,115 Mil. Therefore, Mega First Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 22.37%.
The historical rank and industry rank for Mega First Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:3069'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 16.34 Med: 49.84 Max: 229.66
Current: 40.21
During the past 13 years, Mega First Bhd's highest Return-on-Tangible-Equity was 229.66%. The lowest was 16.34%. And the median was 49.84%.
XKLS:3069's Return-on-Tangible-Equity is ranked better than 86.9% of 496
companies
in the Utilities - Regulated industry
Industry Median: 10.935
vs XKLS:3069: 40.21
Mega First Bhd (XKLS:3069) 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.
Mega First Bhd Return-on-Tangible-Equity Related Terms
Mega First Bhd Return-on-Tangible-Equity Historical Data
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The historical data trend for Mega First 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.
XKLS:3069 vs NEE, SO, DUK: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Electric subindustry, Mega First 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.
Mega First Bhd Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Mega First Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mega First 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 22.37% mean?
Mega First Bhd (XKLS:3069) has a Return-on-Tangible-Equity of 22.37% 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 Mega First Bhd and its competitors. This is 55% below median its historical median of 49.84. Over the past decade, Mega First Bhd's Return-on-Tangible-Equity has ranged from 16.34 to 229.66. According to the industry distribution chart, Mega First Bhd ranks #65 out of 496 companies in the Utilities - Regulated industry, placing it in the top 13.1%.
Is Mega First Bhd's Return-on-Tangible-Equity too high?
Mega First Bhd's current Return-on-Tangible-Equity of 22.37% is 55% below median its 10-year median of 49.84. Over the past 10 years, this metric has ranged from a low of 16.34 to a high of 229.66. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.94. Mega First Bhd's value of 22.37% is 104.6% above this industry median. Based on the distribution chart, Mega First Bhd ranks #65 out of 496 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Mega First Bhd has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mega First Bhd's Return-on-Tangible-Equity compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Mega First Bhd ranks #65 out of 496 companies for Return-on-Tangible-Equity. This places Mega First Bhd in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.94. Mega First Bhd's value of 22.37% is 104.6% above this benchmark. Historically, Mega First Bhd's own Return-on-Tangible-Equity has ranged from 16.34 to 229.66 over the past decade. While the company's 10-year median is 49.84 vs. the industry median of 10.94, Mega First 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 - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.94, based on 496 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. Mega First Bhd's current Return-on-Tangible-Equity of 22.37% is 104.6% 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 Mega First Bhd and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mega First Bhd's current Return-on-Tangible-Equity is 22.37%, which is 55% below median its own 10-year median of 49.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mega First Bhd stock overvalued right now?
Based on GuruFocus' analysis, Mega First Bhd (XKLS:3069) is currently considered Fairly Valued. The stock's GF Value™ is RM3.18, compared to a current price of RM2.90 — trading 8.8% below its estimated fair value. The current Return-on-Tangible-Equity is 22.37%, which is 55% below median its 10-year median of 49.84 and 104.6% above the Utilities - Regulated industry median of 10.94. Mega First Bhd's overall GF Score™ is 76/100 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 Mega First Bhd (XKLS:3069), the current Return-on-Tangible-Equity is 22.37% 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 Mega First Bhd (XKLS:3069) Overvalued in 2026?
Based on GuruFocus' analysis, Mega First Bhd stock appears to be undervalued.
The current stock price of RM2.90 is trading 8.8% below its estimated GF Value™ of RM3.18.
GuruFocus considers Mega First Bhd to be Fairly Valued.
Key valuation signals for XKLS:3069:
Return-on-Tangible-Equity: 22.37% (55% below median its 10-year median of 49.84)
GF Value™: RM3.18 vs. price of RM2.90 (8.8% below fair value)
Industry Position: 104.6% above the Utilities - Regulated median (#65 of 496)
No single metric tells the full story. See the XKLS:3069 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mega First Corp Bhd is an investment holding company. The group is organized into three main business segments as follows - Renewable Energy, Resources, Packaging, and Investment Renewable Holding and Others. The Renewable Energy segment builds, owns, and operates renewable power plants. The Resources segment is engaged in the quarrying of limestone, manufacturing and trading of lime products, and calcium carbonate powder. The Packaging segment is engaged in the Manufacturing and distribution of flexible packaging materials and products, paper bags, labels and stickers. The majority of its revenue is derived from the Renewable Energy segment. Geographically, the company derives majority of its revenue from the Lao PDR.
76GF Score
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