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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. Berjaya Assets Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM92.3 Mil. Berjaya Assets Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RM1,860.2 Mil. Therefore, Berjaya Assets Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 4.96%.
The historical rank and industry rank for Berjaya Assets Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:3239'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.97 Med: -2.08 Max: 1.99
Current: 1.99
During the past 13 years, Berjaya Assets Bhd's highest Return-on-Tangible-Equity was 1.99%. The lowest was -5.97%. And the median was -2.08%.
XKLS:3239's Return-on-Tangible-Equity is ranked worse than 71.43% of 553
companies
in the Conglomerates industry
Industry Median: 7.44
vs XKLS:3239: 1.99
Berjaya Assets Bhd (XKLS:3239) 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.
Berjaya Assets Bhd Return-on-Tangible-Equity Related Terms
Berjaya Assets Bhd Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Berjaya Assets 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.
Berjaya Assets Bhd Return-on-Tangible-Equity Chart
XKLS:3239 vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, Berjaya Assets 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.
Berjaya Assets Bhd Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Berjaya Assets Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Berjaya Assets 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 4.96% mean?
Berjaya Assets Bhd (XKLS:3239) has a Return-on-Tangible-Equity of 4.96% 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 Berjaya Assets Bhd and its competitors. According to the industry distribution chart, Berjaya Assets Bhd ranks #395 out of 553 companies in the Conglomerates industry, placing it in the top 71.4%.
Is Berjaya Assets Bhd's Return-on-Tangible-Equity too high?
Berjaya Assets Bhd's current Return-on-Tangible-Equity is 4.96%. The Conglomerates industry median Return-on-Tangible-Equity is 7.44. Berjaya Assets Bhd's value of 4.96% is 33.3% below this industry median. Based on the distribution chart, Berjaya Assets Bhd ranks #395 out of 553 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Berjaya Assets Bhd has a GF Score™ of 20/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Berjaya Assets Bhd's Return-on-Tangible-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, Berjaya Assets Bhd ranks #395 out of 553 companies for Return-on-Tangible-Equity. This places Berjaya Assets Bhd in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.44. Berjaya Assets Bhd's value of 4.96% is 33.3% below this benchmark. 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 Conglomerates company?
The median Return-on-Tangible-Equity among Conglomerates companies is 7.44, based on 553 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. Berjaya Assets Bhd's current Return-on-Tangible-Equity of 4.96% is 33.3% 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 Berjaya Assets Bhd and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Berjaya Assets Bhd's current Return-on-Tangible-Equity is 4.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Berjaya Assets Bhd stock overvalued right now?
Based on GuruFocus' analysis, Berjaya Assets Bhd (XKLS:3239) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.36, compared to a current price of RM0.30 — trading 18.1% below its estimated fair value. The current Return-on-Tangible-Equity is 4.96% and 33.3% below the Conglomerates industry median of 7.44. Berjaya Assets Bhd's overall GF Score™ is 20/100 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 Berjaya Assets Bhd (XKLS:3239), the current Return-on-Tangible-Equity is 4.96% 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 Berjaya Assets Bhd (XKLS:3239) Overvalued in 2026?
Based on GuruFocus' analysis, Berjaya Assets Bhd stock appears to be undervalued.
The current stock price of RM0.30 is trading 18.1% below its estimated GF Value™ of RM0.36.
GuruFocus considers Berjaya Assets Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:3239:
Return-on-Tangible-Equity: 4.96%
GF Value™: RM0.36 vs. price of RM0.30 (18.1% below fair value)
Industry Position: 33.3% below the Conglomerates median (#395 of 553)
No single metric tells the full story. See the XKLS:3239 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Berjaya Assets Bhd is an investment holding company. The company's business segments are gaming and related activities, Property development and property investment, and Recreation and others. Group operates various forecast lotteries in Sarawak, as well as provides lottery consultancy and related services. It is also involved in the investment and development of properties; operation of a hotel, theme park, and car park; management of a ferry terminal; and leasing of a theatre, as well as general trading and provision of commission agency services. Business activity of Berjaya is predominantly functioned through Malaysia. The company generates maximum revenue from Property development and property investment segment.
20GF Score
Get the complete analysis for XKLS:3239
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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