Hengyuan Refining Co BhdXKLS:4324 53 Return-on-Tangible-Equity is 162.53% as of Mar. 2026, which is 9461% above its 10-year median of 1.70. GuruFocus rates XKLS:4324 with a GF Score™ of 53/100 and a GF Value™ of RM1.18 (Fairly Valued). The stock has 2 warning signs investors should review. Among 942 Oil & Gas companies, Hengyuan Refining Co Bhd ranks better than 92.04% 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. Hengyuan Refining Co Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM2,102 Mil. Hengyuan Refining Co Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RM1,293 Mil. Therefore, Hengyuan Refining Co Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 162.53%.
The historical rank and industry rank for Hengyuan Refining Co Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:4324'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -35.35 Med: 1.7 Max: 68.64
Current: 42.63
During the past 13 years, Hengyuan Refining Co Bhd's highest Return-on-Tangible-Equity was 68.64%. The lowest was -35.35%. And the median was 1.70%.
XKLS:4324's Return-on-Tangible-Equity is ranked better than 92.04% of 942
companies
in the Oil & Gas industry
Industry Median: 6.77
vs XKLS:4324: 42.63
Hengyuan Refining Co Bhd (XKLS:4324) 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.
Hengyuan Refining Co Bhd Return-on-Tangible-Equity Related Terms
Hengyuan Refining Co Bhd Return-on-Tangible-Equity Historical Data
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The historical data trend for Hengyuan Refining Co 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.
Hengyuan Refining Co Bhd Return-on-Tangible-Equity Chart
XKLS:4324 vs VLO, MPC, PSX: Return-on-Tangible-Equity Comparison
For the Oil & Gas Refining & Marketing subindustry, Hengyuan Refining Co 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.
Hengyuan Refining Co Bhd Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Hengyuan Refining Co Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hengyuan Refining Co 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 162.53% mean?
Hengyuan Refining Co Bhd (XKLS:4324) has a Return-on-Tangible-Equity of 162.53% 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 Hengyuan Refining Co Bhd and its competitors. This is 9461% above median its historical median of 1.70. According to the industry distribution chart, Hengyuan Refining Co Bhd ranks #75 out of 942 companies in the Oil & Gas industry, placing it in the top 8%.
Is Hengyuan Refining Co Bhd's Return-on-Tangible-Equity too high?
Hengyuan Refining Co Bhd's current Return-on-Tangible-Equity of 162.53% is 9461% above median its 10-year median of 1.70. The Oil & Gas industry median Return-on-Tangible-Equity is 6.77. Hengyuan Refining Co Bhd's value of 162.53% is 2300.7% above this industry median. Based on the distribution chart, Hengyuan Refining Co Bhd ranks #75 out of 942 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Hengyuan Refining Co Bhd has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hengyuan Refining Co Bhd's Return-on-Tangible-Equity compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Hengyuan Refining Co Bhd ranks #75 out of 942 companies for Return-on-Tangible-Equity. This places Hengyuan Refining Co Bhd in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.77. Hengyuan Refining Co Bhd's value of 162.53% is 2300.7% above this benchmark. While the company's 10-year median is 1.70 vs. the industry median of 6.77, Hengyuan Refining Co 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 Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.77, based on 942 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. Hengyuan Refining Co Bhd's current Return-on-Tangible-Equity of 162.53% is 2300.7% 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 Hengyuan Refining Co Bhd and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hengyuan Refining Co Bhd's current Return-on-Tangible-Equity is 162.53%, which is 9461% above median its own 10-year median of 1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hengyuan Refining Co Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hengyuan Refining Co Bhd (XKLS:4324) is currently considered Fairly Valued. The stock's GF Value™ is RM1.18, compared to a current price of RM1.16 — trading 1.7% below its estimated fair value. The current Return-on-Tangible-Equity is 162.53%, which is 9461% above median its 10-year median of 1.70 and 2300.7% above the Oil & Gas industry median of 6.77. Hengyuan Refining Co Bhd's overall GF Score™ is 53/100 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 Hengyuan Refining Co Bhd (XKLS:4324), the current Return-on-Tangible-Equity is 162.53% 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 Hengyuan Refining Co Bhd (XKLS:4324) Overvalued in 2026?
Based on GuruFocus' analysis, Hengyuan Refining Co Bhd stock appears to be undervalued.
The current stock price of RM1.16 is trading 1.7% below its estimated GF Value™ of RM1.18.
GuruFocus considers Hengyuan Refining Co Bhd to be Fairly Valued.
Key valuation signals for XKLS:4324:
Return-on-Tangible-Equity: 162.53% (9461% above median its 10-year median of 1.70)
GF Value™: RM1.18 vs. price of RM1.16 (1.7% below fair value)
Industry Position: 2300.7% above the Oil & Gas median (#75 of 942)
No single metric tells the full story. See the XKLS:4324 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hengyuan Refining Co Bhd is engaged in the refining and manufacturing of petroleum products in Malaysia. The company's operating units in its refinery consist of two crude distillers, a long residue catalytic cracker, two naptha treaters and a merox plant, one kerosene Merox plant, one platformer, two hydro-processing units, a Hydrogen Manufacturing Unit (HMU) and a sulphur recovery unit. Its product portfolio consists of liquefied petroleum gas (LPG), gasoline, diesel, aviation fuel, fuel oil components, and chemical feedstocks like light naphtha and propylene.
53GF Score
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