Kobay Technology BhdXKLS:6971 -3.35%77 Return-on-Tangible-Equity is 15.43% as of Mar. 2026, which is 84% above its 10-year median of 8.40. GuruFocus rates XKLS:6971 with a GF Score™ of 77/100 and a GF Value™ of RM1.89 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,969 Industrial Products companies, Kobay Technology Bhd ranks worse than 65.41% 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. Kobay Technology Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM56.3 Mil. Kobay Technology Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RM364.9 Mil. Therefore, Kobay Technology Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.43%.
The historical rank and industry rank for Kobay Technology Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:6971'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.62 Med: 8.4 Max: 19.39
Current: 2.92
During the past 13 years, Kobay Technology Bhd's highest Return-on-Tangible-Equity was 19.39%. The lowest was -4.62%. And the median was 8.40%.
XKLS:6971's Return-on-Tangible-Equity is ranked worse than 65.41% of 2969
companies
in the Industrial Products industry
Industry Median: 6.72
vs XKLS:6971: 2.92
Kobay Technology Bhd (XKLS:6971) 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.
Kobay Technology Bhd Return-on-Tangible-Equity Related Terms
Kobay Technology Bhd Return-on-Tangible-Equity Historical Data
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The historical data trend for Kobay Technology 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.
Kobay Technology Bhd Return-on-Tangible-Equity Chart
XKLS:6971 vs CRS, ATI, MLI: Return-on-Tangible-Equity Comparison
For the Metal Fabrication subindustry, Kobay Technology 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.
Kobay Technology Bhd Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kobay Technology Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kobay Technology 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 15.43% mean?
Kobay Technology Bhd (XKLS:6971) has a Return-on-Tangible-Equity of 15.43% 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 Kobay Technology Bhd and its competitors. This is 84% above median its historical median of 8.40. According to the industry distribution chart, Kobay Technology Bhd ranks #1942 out of 2969 companies in the Industrial Products industry, placing it in the top 65.4%.
Is Kobay Technology Bhd's Return-on-Tangible-Equity too high?
Kobay Technology Bhd's current Return-on-Tangible-Equity of 15.43% is 84% above median its 10-year median of 8.40. The Industrial Products industry median Return-on-Tangible-Equity is 6.72. Kobay Technology Bhd's value of 15.43% is 129.6% above this industry median. Based on the distribution chart, Kobay Technology Bhd ranks #1942 out of 2969 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Kobay Technology Bhd has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kobay Technology Bhd's Return-on-Tangible-Equity compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Kobay Technology Bhd ranks #1942 out of 2969 companies for Return-on-Tangible-Equity. This places Kobay Technology Bhd in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.72. Kobay Technology Bhd's value of 15.43% is 129.6% above this benchmark. While the company's 10-year median is 8.40 vs. the industry median of 6.72, Kobay Technology 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 Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,969 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. Kobay Technology Bhd's current Return-on-Tangible-Equity of 15.43% is 129.6% 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 Kobay Technology Bhd and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kobay Technology Bhd's current Return-on-Tangible-Equity is 15.43%, which is 84% above median its own 10-year median of 8.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kobay Technology Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kobay Technology Bhd (XKLS:6971) is currently considered Modestly Overvalued. The stock's GF Value™ is RM1.89, compared to a current price of RM2.31 — trading 22.2% above its estimated fair value. The current Return-on-Tangible-Equity is 15.43%, which is 84% above median its 10-year median of 8.40 and 129.6% above the Industrial Products industry median of 6.72. Kobay Technology Bhd's overall GF Score™ is 77/100 with 8 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 Kobay Technology Bhd (XKLS:6971), the current Return-on-Tangible-Equity is 15.43% 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 Kobay Technology Bhd (XKLS:6971) Overvalued in 2026?
Based on GuruFocus' analysis, Kobay Technology Bhd stock appears to be overvalued.
The current stock price of RM2.31 is trading 22.2% above its estimated GF Value™ of RM1.89.
GuruFocus considers Kobay Technology Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:6971:
Return-on-Tangible-Equity: 15.43% (84% above median its 10-year median of 8.40)
GF Value™: RM1.89 vs. price of RM2.31 (22.2% above fair value)
Industry Position: 129.6% above the Industrial Products median (#1942 of 2969)
No single metric tells the full story. See the XKLS:6971 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kobay Technology Bhd is an investment holding company. Along with its subsidiaries, the company operates in the following segments: Manufacturing, Property development, Pharmaceutical and healthcare, Asset Management, Investment holding, and Others. It generates maximum revenue from the Manufacturing segment, which is engaged in the manufacturing of precision machined components, precision stamping, sheet metal parts, surface treatment, precision moulds, tooling and form dies, semiconductor assembly and testing equipment, metal works and structures, modules and parts for oil and gas production and extraction equipment, and components and sub-assemblies for aerospace parts. Geographically, it derives key revenue from Malaysia and the rest from Singapore, the USA, and other regions.
77GF Score
Get the complete analysis for XKLS:6971
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