Fraser & Neave Holdings BhdXKLS:3689 -0.07%84 Return-on-Tangible-Equity is 10.95% as of Mar. 2026, which is 37% below its 10-year median of 17.30. GuruFocus rates XKLS:3689 with a GF Score™ of 84/100 and a GF Value™ of RM28.12 (Fairly Valued). The stock has 2 warning signs investors should review. Among 108 Beverages - Non-Alcoholic companies, Fraser & Neave Holdings Bhd ranks worse than 56.48% 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. Fraser & Neave Holdings Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM385 Mil. Fraser & Neave Holdings Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RM3,518 Mil. Therefore, Fraser & Neave Holdings Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 10.95%.
The historical rank and industry rank for Fraser & Neave Holdings Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:3689'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.88 Med: 17.3 Max: 21.35
Current: 11.88
During the past 13 years, Fraser & Neave Holdings Bhd's highest Return-on-Tangible-Equity was 21.35%. The lowest was 11.88%. And the median was 17.30%.
XKLS:3689's Return-on-Tangible-Equity is ranked worse than 56.48% of 108
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 13.27
vs XKLS:3689: 11.88
Fraser & Neave Holdings Bhd (XKLS:3689) 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.
Fraser & Neave Holdings Bhd Return-on-Tangible-Equity Related Terms
Fraser & Neave 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.
Fraser & Neave Holdings Bhd Return-on-Tangible-Equity Chart
XKLS:3689 vs KO, PEP, MNST: Return-on-Tangible-Equity Comparison
For the Beverages - Non-Alcoholic subindustry, Fraser & Neave 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.
Fraser & Neave Holdings Bhd Return-on-Tangible-Equity vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Fraser & Neave Holdings Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Fraser & Neave 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 10.95% mean?
Fraser & Neave Holdings Bhd (XKLS:3689) has a Return-on-Tangible-Equity of 10.95% 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 Fraser & Neave Holdings Bhd and its competitors. This is 37% below median its historical median of 17.30. Over the past decade, Fraser & Neave Holdings Bhd's Return-on-Tangible-Equity has ranged from 11.88 to 21.35. According to the industry distribution chart, Fraser & Neave Holdings Bhd ranks #61 out of 108 companies in the Beverages - Non-Alcoholic industry, placing it in the top 56.5%.
Is Fraser & Neave Holdings Bhd's Return-on-Tangible-Equity too high?
Fraser & Neave Holdings Bhd's current Return-on-Tangible-Equity of 10.95% is 37% below median its 10-year median of 17.30. Over the past 10 years, this metric has ranged from a low of 11.88 to a high of 21.35. The Beverages - Non-Alcoholic industry median Return-on-Tangible-Equity is 13.27. Fraser & Neave Holdings Bhd's value of 10.95% is 17.5% below this industry median. Based on the distribution chart, Fraser & Neave Holdings Bhd ranks #61 out of 108 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, Fraser & Neave Holdings Bhd has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fraser & Neave Holdings Bhd's Return-on-Tangible-Equity compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Fraser & Neave Holdings Bhd ranks #61 out of 108 companies for Return-on-Tangible-Equity. This places Fraser & Neave Holdings Bhd in the lower half of its industry. The industry median Return-on-Tangible-Equity is 13.27. Fraser & Neave Holdings Bhd's value of 10.95% is 17.5% below this benchmark. Historically, Fraser & Neave Holdings Bhd's own Return-on-Tangible-Equity has ranged from 11.88 to 21.35 over the past decade. While the company's 10-year median is 17.30 vs. the industry median of 13.27, Fraser & Neave Holdings 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 a Beverages - Non-Alcoholic company?
The median Return-on-Tangible-Equity among Beverages - Non-Alcoholic companies is 13.27, based on 108 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. Fraser & Neave Holdings Bhd's current Return-on-Tangible-Equity of 10.95% is 17.5% 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 Fraser & Neave Holdings Bhd and its competitors. For the Beverages - Non-Alcoholic industry, the median Return-on-Tangible-Equity is 13.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fraser & Neave Holdings Bhd's current Return-on-Tangible-Equity is 10.95%, which is 37% below median its own 10-year median of 17.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fraser & Neave Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Fraser & Neave Holdings Bhd (XKLS:3689) is currently considered Fairly Valued. The stock's GF Value™ is RM28.12, compared to a current price of RM28.92 — trading 2.8% above its estimated fair value. The current Return-on-Tangible-Equity is 10.95%, which is 37% below median its 10-year median of 17.30 and 17.5% below the Beverages - Non-Alcoholic industry median of 13.27. Fraser & Neave Holdings Bhd's overall GF Score™ is 84/100 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 Fraser & Neave Holdings Bhd (XKLS:3689), the current Return-on-Tangible-Equity is 10.95% 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 Fraser & Neave Holdings Bhd (XKLS:3689) Overvalued in 2026?
Based on GuruFocus' analysis, Fraser & Neave Holdings Bhd stock appears to be overvalued.
The current stock price of RM28.92 is trading 2.8% above its estimated GF Value™ of RM28.12.
GuruFocus considers Fraser & Neave Holdings Bhd to be Fairly Valued.
Key valuation signals for XKLS:3689:
Return-on-Tangible-Equity: 10.95% (37% below median its 10-year median of 17.30)
GF Value™: RM28.12 vs. price of RM28.92 (2.8% above fair value)
Industry Position: 17.5% below the Beverages - Non-Alcoholic median (#61 of 108)
No single metric tells the full story. See the XKLS:3689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fraser & Neave Holdings Bhd manufactures and sells canned milk, both condensed and evaporated and other dairy products and soft drinks. The company manufactures its products in Malaysia and Thailand and operates through four main segments: F&B Malaysia, which generates maximum revenue, F&B Thailand, Property, and Others. F&B Malaysia and F&B Thailand manufacture both soft drinks and dairies. Its core soft drink brands include 100PLUS, F&N Fun Flavours, F&N NutriSoy, F&N Seasons, F&N Ice Mountain, and others. Its dairy brands include Carnation, Magnolia, Teapot, Farmhouse, Gold Coin, and F&N Fruit Tree, among others. Geographically, the company derives a majority of its revenue from Southeast Asia and the rest from other regions.
84GF Score
Get the complete analysis for XKLS:3689
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