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.
Gas Malaysia BhdXKLS:5209 +0.40%75 Return-on-Tangible-Equity is 24.89% as of Mar. 2026, which is 17% above its 10-year median of 21.31. GuruFocus rates XKLS:5209 with a GF Score™ of 75/100 and a GF Value™ of RM3.67 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 497 Utilities - Regulated companies, Gas Malaysia Bhd ranks better than 80.48% 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. Gas Malaysia Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM371 Mil. Gas Malaysia Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RM1,492 Mil. Therefore, Gas Malaysia Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 24.89%.
The historical rank and industry rank for Gas Malaysia Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:5209'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.82 Med: 21.31 Max: 32.35
Current: 25.79
During the past 13 years, Gas Malaysia Bhd's highest Return-on-Tangible-Equity was 32.35%. The lowest was 15.82%. And the median was 21.31%.
XKLS:5209's Return-on-Tangible-Equity is ranked better than 80.48% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.9
vs XKLS:5209: 25.79
Gas Malaysia Bhd (XKLS:5209) 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.
Gas Malaysia Bhd Return-on-Tangible-Equity Related Terms
Gas Malaysia Bhd Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Gas Malaysia 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:5209 vs ATO, NI, UGI: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Gas subindustry, Gas Malaysia 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.
Gas Malaysia Bhd Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Gas Malaysia Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Gas Malaysia 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 24.89% mean?
Gas Malaysia Bhd (XKLS:5209) has a Return-on-Tangible-Equity of 24.89% 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 Gas Malaysia Bhd and its competitors. This is 17% above median its historical median of 21.31. Over the past decade, Gas Malaysia Bhd's Return-on-Tangible-Equity has ranged from 15.82 to 32.35. According to the industry distribution chart, Gas Malaysia Bhd ranks #97 out of 497 companies in the Utilities - Regulated industry, placing it in the top 19.5%.
Is Gas Malaysia Bhd's Return-on-Tangible-Equity too high?
Gas Malaysia Bhd's current Return-on-Tangible-Equity of 24.89% is 17% above median its 10-year median of 21.31. Over the past 10 years, this metric has ranged from a low of 15.82 to a high of 32.35. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.90. Gas Malaysia Bhd's value of 24.89% is 128.3% above this industry median. Based on the distribution chart, Gas Malaysia Bhd ranks #97 out of 497 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Gas Malaysia Bhd has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gas Malaysia Bhd's Return-on-Tangible-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Gas Malaysia Bhd ranks #97 out of 497 companies for Return-on-Tangible-Equity. This places Gas Malaysia Bhd in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 10.90. Gas Malaysia Bhd's value of 24.89% is 128.3% above this benchmark. Historically, Gas Malaysia Bhd's own Return-on-Tangible-Equity has ranged from 15.82 to 32.35 over the past decade. While the company's 10-year median is 21.31 vs. the industry median of 10.90, Gas Malaysia 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 Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.90, based on 497 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. Gas Malaysia Bhd's current Return-on-Tangible-Equity of 24.89% is 128.3% 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 Gas Malaysia Bhd and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gas Malaysia Bhd's current Return-on-Tangible-Equity is 24.89%, which is 17% above median its own 10-year median of 21.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gas Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Gas Malaysia Bhd (XKLS:5209) is currently considered Significantly Overvalued. The stock's GF Value™ is RM3.67, compared to a current price of RM5.07 — trading 38.1% above its estimated fair value. The current Return-on-Tangible-Equity is 24.89%, which is 17% above median its 10-year median of 21.31 and 128.3% above the Utilities - Regulated industry median of 10.90. Gas Malaysia Bhd's overall GF Score™ is 75/100 with 5 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 Gas Malaysia Bhd (XKLS:5209), the current Return-on-Tangible-Equity is 24.89% 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 Gas Malaysia Bhd (XKLS:5209) Overvalued in 2026?
Based on GuruFocus' analysis, Gas Malaysia Bhd stock appears to be overvalued.
The current stock price of RM5.07 is trading 38.1% above its estimated GF Value™ of RM3.67.
GuruFocus considers Gas Malaysia Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5209:
Return-on-Tangible-Equity: 24.89% (17% above median its 10-year median of 21.31)
GF Value™: RM3.67 vs. price of RM5.07 (38.1% above fair value)
Industry Position: 128.3% above the Utilities - Regulated median (#97 of 497)
No single metric tells the full story. See the XKLS:5209 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gas Malaysia Bhd is engaged in the sale, marketing, and distribution of natural gas to residential, commercial, and industrial customers, as well as the development, operation, and maintenance of the Natural Gas Distribution System (NGDS) in Peninsular Malaysia. The company segments its operations into Natural Gas & LPG and Others. Nearly all of Gas Malaysia's revenue is derived from its Natural Gas and LPG division. Its revenue is mainly derived from the sales of natural gas to industrial, commercial, and residential customers. The group sells gas to customers in various forms, namely natural gas, LPG, and CNG.
75GF Score
Get the complete analysis for XKLS:5209
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:5209 has been successfully added to your 
