Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
TAS Offshore BhdXKLS:5149 51 Return-on-Tangible-Equity is 9.02% as of Feb. 2026, which is 594% above its 10-year median of 1.30. GuruFocus rates XKLS:5149 with a GF Score™ of 51/100 and a GF Value™ of RM0.87 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 335 Aerospace & Defense companies, TAS Offshore Bhd ranks better than 65.97% 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. TAS Offshore Bhd's annualized net income for the quarter that ended in Feb. 2026 was RM11.8 Mil. TAS Offshore Bhd's average shareholder tangible equity for the quarter that ended in Feb. 2026 was RM130.6 Mil. Therefore, TAS Offshore Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 9.02%.
The historical rank and industry rank for TAS Offshore Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:5149'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -60.26 Med: 1.3 Max: 17.37
Current: 17.37
During the past 13 years, TAS Offshore Bhd's highest Return-on-Tangible-Equity was 17.37%. The lowest was -60.26%. And the median was 1.30%.
XKLS:5149's Return-on-Tangible-Equity is ranked better than 65.97% of 335
companies
in the Aerospace & Defense industry
Industry Median: 8.1
vs XKLS:5149: 17.37
TAS Offshore Bhd (XKLS:5149) 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.
TAS Offshore Bhd Return-on-Tangible-Equity Related Terms
TAS Offshore Bhd Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TAS Offshore 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:5149 vs SPCX, GE, RTX: Return-on-Tangible-Equity Comparison
For the Aerospace & Defense subindustry, TAS Offshore 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.
TAS Offshore Bhd Return-on-Tangible-Equity vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, TAS Offshore Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TAS Offshore 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 (Feb. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 9.02% mean?
TAS Offshore Bhd (XKLS:5149) has a Return-on-Tangible-Equity of 9.02% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on TAS Offshore Bhd and its competitors. This is 594% above median its historical median of 1.30. According to the industry distribution chart, TAS Offshore Bhd ranks #114 out of 335 companies in the Aerospace & Defense industry, placing it in the top 34%.
Is TAS Offshore Bhd's Return-on-Tangible-Equity too high?
TAS Offshore Bhd's current Return-on-Tangible-Equity of 9.02% is 594% above median its 10-year median of 1.30. The Aerospace & Defense industry median Return-on-Tangible-Equity is 8.10. TAS Offshore Bhd's value of 9.02% is 11.4% above this industry median. Based on the distribution chart, TAS Offshore Bhd ranks #114 out of 335 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, TAS Offshore Bhd has a GF Score™ of 51/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TAS Offshore Bhd's Return-on-Tangible-Equity compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, TAS Offshore Bhd ranks #114 out of 335 companies for Return-on-Tangible-Equity. This puts TAS Offshore Bhd in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.10. TAS Offshore Bhd's value of 9.02% is 11.4% above this benchmark. While the company's 10-year median is 1.30 vs. the industry median of 8.10, TAS Offshore 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 Aerospace & Defense company?
The median Return-on-Tangible-Equity among Aerospace & Defense companies is 8.10, based on 335 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. TAS Offshore Bhd's current Return-on-Tangible-Equity of 9.02% is 11.4% 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 TAS Offshore Bhd and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Equity is 8.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TAS Offshore Bhd's current Return-on-Tangible-Equity is 9.02%, which is 594% above median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAS Offshore Bhd stock overvalued right now?
Based on GuruFocus' analysis, TAS Offshore Bhd (XKLS:5149) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.87, compared to a current price of RM0.52 — trading 40.2% below its estimated fair value. The current Return-on-Tangible-Equity is 9.02%, which is 594% above median its 10-year median of 1.30 and 11.4% above the Aerospace & Defense industry median of 8.10. TAS Offshore Bhd's overall GF Score™ is 51/100 with 3 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 TAS Offshore Bhd (XKLS:5149), the current Return-on-Tangible-Equity is 9.02% as of Feb. 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 TAS Offshore Bhd (XKLS:5149) Overvalued in 2026?
Based on GuruFocus' analysis, TAS Offshore Bhd stock appears to be undervalued.
The current stock price of RM0.52 is trading 40.2% below its estimated GF Value™ of RM0.87.
GuruFocus considers TAS Offshore Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:5149:
Return-on-Tangible-Equity: 9.02% (594% above median its 10-year median of 1.30)
GF Value™: RM0.87 vs. price of RM0.52 (40.2% below fair value)
Industry Position: 11.4% above the Aerospace & Defense median (#114 of 335)
No single metric tells the full story. See the XKLS:5149 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TAS Offshore Bhd is an investment holding company engaged in shipbuilding and ship repairing activities across Malaysia, Singapore, and Indonesia. Its shipbuilding operations include constructing vessels such as tugboats, anchor handling tugs, anchor handling tug supply vessels, utility vessels, workboats, ferries, and cargo ships. The company also provides ship repair services, including routine maintenance, machinery inspection, repainting, and damage repair. Additionally, TAS Offshore offers vessel chartering services. It generates revenue through contracting shipbuilding, repair projects, and vessel leasing, serving clients in the marine and offshore industries.
51GF Score
Get the complete analysis for XKLS:5149
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:5149 has been successfully added to your 
