Ec Excel Holdings BhdXKLS:5192 45 Return-on-Tangible-Equity is 6.32% as of Mar. 2026, which is 126% above its 10-year median of 2.80. GuruFocus rates XKLS:5192 with a GF Score™ of 45/100 and a GF Value™ of RM0.69 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 614 Steel companies, Ec Excel Holdings Bhd ranks better than 56.19% 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. Ec Excel Holdings Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM10.2 Mil. Ec Excel Holdings Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RM161.9 Mil. Therefore, Ec Excel Holdings Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.32%.
The historical rank and industry rank for Ec Excel Holdings Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:5192'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -13.54 Med: 2.8 Max: 12.05
Current: 4.91
During the past 13 years, Ec Excel Holdings Bhd's highest Return-on-Tangible-Equity was 12.05%. The lowest was -13.54%. And the median was 2.80%.
XKLS:5192's Return-on-Tangible-Equity is ranked better than 56.19% of 614
companies
in the Steel industry
Industry Median: 3.95
vs XKLS:5192: 4.91
Ec Excel Holdings Bhd (XKLS:5192) 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.
Ec Excel Holdings Bhd Return-on-Tangible-Equity Related Terms
Ec Excel Holdings Bhd Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ec Excel Holdings 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.
Ec Excel Holdings Bhd Return-on-Tangible-Equity Chart
XKLS:5192 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Ec Excel 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.
Ec Excel Holdings Bhd Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Ec Excel Holdings Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ec Excel 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 6.32% mean?
Ec Excel Holdings Bhd (XKLS:5192) has a Return-on-Tangible-Equity of 6.32% 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 Ec Excel Holdings Bhd and its competitors. This is 126% above median its historical median of 2.80. According to the industry distribution chart, Ec Excel Holdings Bhd ranks #269 out of 614 companies in the Steel industry, placing it in the top 43.8%.
Is Ec Excel Holdings Bhd's Return-on-Tangible-Equity too high?
Ec Excel Holdings Bhd's current Return-on-Tangible-Equity of 6.32% is 126% above median its 10-year median of 2.80. The Steel industry median Return-on-Tangible-Equity is 3.95. Ec Excel Holdings Bhd's value of 6.32% is 60% above this industry median. Based on the distribution chart, Ec Excel Holdings Bhd ranks #269 out of 614 companies in the Steel industry, which is above the industry midpoint. Overall, Ec Excel Holdings Bhd has a GF Score™ of 45/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ec Excel Holdings Bhd's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Ec Excel Holdings Bhd ranks #269 out of 614 companies for Return-on-Tangible-Equity. This puts Ec Excel Holdings Bhd in the upper half of its industry. The industry median Return-on-Tangible-Equity is 3.95. Ec Excel Holdings Bhd's value of 6.32% is 60% above this benchmark. While the company's 10-year median is 2.80 vs. the industry median of 3.95, Ec Excel Holdings 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 a Steel company?
The median Return-on-Tangible-Equity among Steel companies is 3.95, based on 614 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. Ec Excel Holdings Bhd's current Return-on-Tangible-Equity of 6.32% is 60% 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 Ec Excel Holdings Bhd and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ec Excel Holdings Bhd's current Return-on-Tangible-Equity is 6.32%, which is 126% above median its own 10-year median of 2.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ec Excel Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Ec Excel Holdings Bhd (XKLS:5192) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.69, compared to a current price of RM0.83 — trading 20.3% above its estimated fair value. The current Return-on-Tangible-Equity is 6.32%, which is 126% above median its 10-year median of 2.80 and 60% above the Steel industry median of 3.95. Ec Excel Holdings Bhd's overall GF Score™ is 45/100 with 7 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 Ec Excel Holdings Bhd (XKLS:5192), the current Return-on-Tangible-Equity is 6.32% 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 Ec Excel Holdings Bhd (XKLS:5192) Overvalued in 2026?
Based on GuruFocus' analysis, Ec Excel Holdings Bhd stock appears to be overvalued.
The current stock price of RM0.83 is trading 20.3% above its estimated GF Value™ of RM0.69.
GuruFocus considers Ec Excel Holdings Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:5192:
Return-on-Tangible-Equity: 6.32% (126% above median its 10-year median of 2.80)
GF Value™: RM0.69 vs. price of RM0.83 (20.3% above fair value)
Industry Position: 60% above the Steel median (#269 of 614)
No single metric tells the full story. See the XKLS:5192 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ec Excel Holdings Bhd, formerly known as K. Seng Seng Corp Bhd, is an investment holding company. The company operates through the segments of Stainless steel and metal-related products, Marine hardware and consumables, Engineering and Project works, Other industrial hardware, and Investment holding. The key revenue is derived from the Stainless Steel and metal-related products segment, which involves the manufacture and sales of stainless steel tubes and pipes, and the processing of stainless steel sheet products. The group has a business presence in Malaysia; Republic of Singapore; Republic of Singapore; Australia; Republic of Indonesia; and Brunei, of which it generates maximum revenue from Malaysia.
45GF Score
Get the complete analysis for XKLS:5192
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:5192 has been successfully added to your 
