Itmax System BhdXKLS:5309 -1.04%97 Return-on-Tangible-Equity is 20.93% as of Mar. 2026, which is 5% below its 10-year median of 22.13. GuruFocus rates XKLS:5309 with a GF Score™ of 97/100 and a GF Value™ of RM4.72 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,009 Business Services companies, Itmax System Bhd ranks better than 71.26% 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. Itmax System Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM100.0 Mil. Itmax System Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RM477.9 Mil. Therefore, Itmax System Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 20.93%.
The historical rank and industry rank for Itmax System Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:5309'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.57 Med: 22.13 Max: 70.79
Current: 22.11
During the past 7 years, Itmax System Bhd's highest Return-on-Tangible-Equity was 70.79%. The lowest was 9.57%. And the median was 22.13%.
XKLS:5309's Return-on-Tangible-Equity is ranked better than 71.26% of 1009
companies
in the Business Services industry
Industry Median: 10.57
vs XKLS:5309: 22.11
Itmax System Bhd (XKLS:5309) 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.
Itmax System Bhd Return-on-Tangible-Equity Related Terms
Itmax System Bhd Return-on-Tangible-Equity Historical Data
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The historical data trend for Itmax System 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:5309 vs ALLE, MSA, ADT: Return-on-Tangible-Equity Comparison
For the Security & Protection Services subindustry, Itmax System 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.
Itmax System Bhd Return-on-Tangible-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Itmax System Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Itmax System 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 20.93% mean?
Itmax System Bhd (XKLS:5309) has a Return-on-Tangible-Equity of 20.93% 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 Itmax System Bhd and its competitors. This is near median its historical median of 22.13. Over the past decade, Itmax System Bhd's Return-on-Tangible-Equity has ranged from 9.57 to 70.79. According to the industry distribution chart, Itmax System Bhd ranks #290 out of 1009 companies in the Business Services industry, placing it in the top 28.7%.
Is Itmax System Bhd's Return-on-Tangible-Equity too high?
Itmax System Bhd's current Return-on-Tangible-Equity of 20.93% is near median its 10-year median of 22.13. Over the past 10 years, this metric has ranged from a low of 9.57 to a high of 70.79. The Business Services industry median Return-on-Tangible-Equity is 10.57. Itmax System Bhd's value of 20.93% is 98% above this industry median. Based on the distribution chart, Itmax System Bhd ranks #290 out of 1009 companies in the Business Services industry, which is above the industry midpoint. Overall, Itmax System Bhd has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Itmax System Bhd's Return-on-Tangible-Equity compare to ALLE and MSA?
According to the Business Services industry distribution chart, Itmax System Bhd ranks #290 out of 1009 companies for Return-on-Tangible-Equity. This puts Itmax System Bhd in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.57. Itmax System Bhd's value of 20.93% is 98% above this benchmark. Historically, Itmax System Bhd's own Return-on-Tangible-Equity has ranged from 9.57 to 70.79 over the past decade. While the company's 10-year median is 22.13 vs. the industry median of 10.57, Itmax System 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 Business Services company?
The median Return-on-Tangible-Equity among Business Services companies is 10.57, based on 1,009 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. Itmax System Bhd's current Return-on-Tangible-Equity of 20.93% is 98% 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 Itmax System Bhd and its competitors. For the Business Services industry, the median Return-on-Tangible-Equity is 10.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Itmax System Bhd's current Return-on-Tangible-Equity is 20.93%, which is near median its own 10-year median of 22.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itmax System Bhd stock overvalued right now?
Based on GuruFocus' analysis, Itmax System Bhd (XKLS:5309) is currently considered Fairly Valued. The stock's GF Value™ is RM4.72, compared to a current price of RM4.75 — trading 0.6% above its estimated fair value. The current Return-on-Tangible-Equity is 20.93%, which is near median its 10-year median of 22.13 and 98% above the Business Services industry median of 10.57. Itmax System Bhd's overall GF Score™ is 97/100 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 Itmax System Bhd (XKLS:5309), the current Return-on-Tangible-Equity is 20.93% 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 Itmax System Bhd (XKLS:5309) Overvalued in 2026?
Based on GuruFocus' analysis, Itmax System Bhd stock appears to be overvalued.
The current stock price of RM4.75 is trading 0.6% above its estimated GF Value™ of RM4.72.
GuruFocus considers Itmax System Bhd to be Fairly Valued.
Key valuation signals for XKLS:5309:
Return-on-Tangible-Equity: 20.93% (near median its 10-year median of 22.13)
GF Value™: RM4.72 vs. price of RM4.75 (0.6% above fair value)
Industry Position: 98% above the Business Services median (#290 of 1009)
No single metric tells the full story. See the XKLS:5309 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Itmax System Bhd is principally engaged in the business of supplying, installing, and providing public space networked systems and investment holding. The company develops networking solutions for smart video surveillance, smart parking, smart traffic management, smart street lighting and communication networks. Geographically, the company operates only in Malaysia.
97GF Score
Get the complete analysis for XKLS:5309
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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