Fiamma Holdings Bhd (XKLS:6939) Return-on-Tangible-Equity: 5.49% (As of Mar. 2026) — 17% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

XKLS:6939 Fiamma Holdings Bhd XKLS:6939
73 GF Score
Price RM1.07
GF Value RM1.06
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Fiamma Holdings Bhd Return-on-Tangible-Equity?

Fiamma Holdings Bhd XKLS:6939 73 Return-on-Tangible-Equity is 5.49% as of Mar. 2026, which is 17% below its 10-year median of 6.63. GuruFocus rates XKLS:6939 with a GF Score™ of 73/100 and a GF Value™ of RM1.06 (Fairly Valued). The stock has 6 warning signs investors should review. Among 421 Furnishings, Fixtures & Appliances companies, Fiamma Holdings Bhd ranks better than 50.59% 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. Fiamma Holdings Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM43.0 Mil. Fiamma Holdings Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RM784.0 Mil. Therefore, Fiamma Holdings Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.49%.

The historical rank and industry rank for Fiamma Holdings Bhd's Return-on-Tangible-Equity or its related term are showing as below:

XKLS:6939' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.08   Med: 6.63   Max: 16.39
Current: 5.13

During the past 13 years, Fiamma Holdings Bhd's highest Return-on-Tangible-Equity was 16.39%. The lowest was 5.08%. And the median was 6.63%.

XKLS:6939's Return-on-Tangible-Equity is ranked better than
50.59% of 421 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.08 vs XKLS:6939: 5.13

Fiamma Holdings Bhd  (XKLS:6939) 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.


Fiamma Holdings Bhd Return-on-Tangible-Equity Related Terms


Fiamma Holdings Bhd Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Fiamma 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.

Fiamma Holdings Bhd Return-on-Tangible-Equity Chart

Fiamma Holdings Bhd Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.05 6.63 6.63 6.17 8.81

Fiamma Holdings Bhd Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.84 7.39 4.58 3.10 5.49

XKLS:6939 vs SN, SGI, MHK: Return-on-Tangible-Equity Comparison

For the Furnishings, Fixtures & Appliances subindustry, Fiamma 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.


Fiamma Holdings Bhd Return-on-Tangible-Equity vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Fiamma Holdings Bhd's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Fiamma Holdings Bhd's Return-on-Tangible-Equity falls into.


XKLS:6939
73GF Score
Fiamma Holdings Bhd XKLS:6939
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fiamma Holdings Bhd Return-on-Tangible-Equity Calculation

Fiamma Holdings Bhd's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=65.634/( (711.694+778.641 )/ 2 )
=65.634/745.1675
=8.81 %

Fiamma Holdings Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=43.016/( (778.641+789.395)/ 2 )
=43.016/784.018
=5.49 %

* 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 5.49% mean?
Fiamma Holdings Bhd (XKLS:6939) has a Return-on-Tangible-Equity of 5.49% 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 Fiamma Holdings Bhd and its competitors. This is 17% below median its historical median of 6.63. Over the past decade, Fiamma Holdings Bhd's Return-on-Tangible-Equity has ranged from 5.08 to 16.39. According to the industry distribution chart, Fiamma Holdings Bhd ranks #208 out of 421 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 49.4%.
Is Fiamma Holdings Bhd's Return-on-Tangible-Equity too high?
Fiamma Holdings Bhd's current Return-on-Tangible-Equity of 5.49% is 17% below median its 10-year median of 6.63. Over the past 10 years, this metric has ranged from a low of 5.08 to a high of 16.39. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Equity is 5.08. Fiamma Holdings Bhd's value of 5.49% is 8.1% above this industry median. Based on the distribution chart, Fiamma Holdings Bhd ranks #208 out of 421 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Fiamma Holdings Bhd has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fiamma Holdings Bhd's Return-on-Tangible-Equity compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Fiamma Holdings Bhd ranks #208 out of 421 companies for Return-on-Tangible-Equity. This puts Fiamma Holdings Bhd in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.08. Fiamma Holdings Bhd's value of 5.49% is 8.1% above this benchmark. Historically, Fiamma Holdings Bhd's own Return-on-Tangible-Equity has ranged from 5.08 to 16.39 over the past decade. While the company's 10-year median is 6.63 vs. the industry median of 5.08, Fiamma 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 Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Equity among Furnishings, Fixtures & Appliances companies is 5.08, based on 421 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. Fiamma Holdings Bhd's current Return-on-Tangible-Equity of 5.49% is 8.1% 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 Fiamma Holdings Bhd and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Equity is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fiamma Holdings Bhd's current Return-on-Tangible-Equity is 5.49%, which is 17% below median its own 10-year median of 6.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiamma Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Fiamma Holdings Bhd (XKLS:6939) is currently considered Fairly Valued. The stock's GF Value™ is RM1.06, compared to a current price of RM1.07 — trading 0.9% above its estimated fair value. The current Return-on-Tangible-Equity is 5.49%, which is 17% below median its 10-year median of 6.63 and 8.1% above the Furnishings, Fixtures & Appliances industry median of 5.08. Fiamma Holdings Bhd's overall GF Score™ is 73/100 with 6 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 Fiamma Holdings Bhd (XKLS:6939), the current Return-on-Tangible-Equity is 5.49% 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 Fiamma Holdings Bhd (XKLS:6939) Overvalued in 2026?

Based on GuruFocus' analysis, Fiamma Holdings Bhd stock appears to be overvalued. The current stock price of RM1.07 is trading 0.9% above its estimated GF Value™ of RM1.06. GuruFocus considers Fiamma Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:6939:

  • Return-on-Tangible-Equity: 5.49% (17% below median its 10-year median of 6.63)
  • GF Value™: RM1.06 vs. price of RM1.07 (0.9% above fair value)
  • GF Score™: 73/100 with 6 warning signs
  • Industry Position: 8.1% above the Furnishings, Fixtures & Appliances median (#208 of 421)

No single metric tells the full story. See the XKLS:6939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fiamma Holdings Bhd Business Description

Address No. 1, Jalan Naga Emas, Menara Chin Hin, Level 20, 8th & Stellar, Sri Petaling, Kuala Lumpur, SGR, MYS, 57000
Fiamma Holdings Bhd is engaged in investment holding and property investment. The company's segment includes Investment holding and property investment, Property development, and Trading and services. It generates maximum revenue from the Trading and services segment. The Trading and services segment includes the distribution and servicing of electrical home appliances, sanitaryware, kitchen and wardrobe systems, and built-in furniture, other household products, bathroom accessories, medical devices, and healthcare products.
73GF Score

Get the complete analysis for XKLS:6939

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM1.07
Price
RM1.06
GF Value