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Thong Guan Industries BhdXKLS:7034 -0.69%79 Return-on-Tangible-Equity is 8.87% as of Mar. 2026, which is 17% below its 10-year median of 10.68. GuruFocus rates XKLS:7034 with a GF Score™ of 79/100 and a GF Value™ of RM1.70 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 388 Packaging & Containers companies, Thong Guan Industries Bhd ranks better than 54.9% 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. Thong Guan Industries Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM83 Mil. Thong Guan Industries Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RM937 Mil. Therefore, Thong Guan Industries Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.87%.
The historical rank and industry rank for Thong Guan Industries Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:7034'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.7 Med: 10.68 Max: 14.07
Current: 6.98
During the past 13 years, Thong Guan Industries Bhd's highest Return-on-Tangible-Equity was 14.07%. The lowest was 6.70%. And the median was 10.68%.
XKLS:7034's Return-on-Tangible-Equity is ranked better than 54.9% of 388
companies
in the Packaging & Containers industry
Industry Median: 5.94
vs XKLS:7034: 6.98
Thong Guan Industries Bhd (XKLS:7034) 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.
Thong Guan Industries Bhd Return-on-Tangible-Equity Related Terms
Thong Guan Industries Bhd Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Thong Guan Industries 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.
Thong Guan Industries Bhd Return-on-Tangible-Equity Chart
XKLS:7034 vs SW, PKG, IP: Return-on-Tangible-Equity Comparison
For the Packaging & Containers subindustry, Thong Guan Industries 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.
Thong Guan Industries Bhd Return-on-Tangible-Equity vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thong Guan Industries Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Thong Guan Industries 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 8.87% mean?
Thong Guan Industries Bhd (XKLS:7034) has a Return-on-Tangible-Equity of 8.87% 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 Thong Guan Industries Bhd and its competitors. This is 17% below median its historical median of 10.68. Over the past decade, Thong Guan Industries Bhd's Return-on-Tangible-Equity has ranged from 6.70 to 14.07. According to the industry distribution chart, Thong Guan Industries Bhd ranks #175 out of 388 companies in the Packaging & Containers industry, placing it in the top 45.1%.
Is Thong Guan Industries Bhd's Return-on-Tangible-Equity too high?
Thong Guan Industries Bhd's current Return-on-Tangible-Equity of 8.87% is 17% below median its 10-year median of 10.68. Over the past 10 years, this metric has ranged from a low of 6.70 to a high of 14.07. The Packaging & Containers industry median Return-on-Tangible-Equity is 5.94. Thong Guan Industries Bhd's value of 8.87% is 49.3% above this industry median. Based on the distribution chart, Thong Guan Industries Bhd ranks #175 out of 388 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Thong Guan Industries Bhd has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thong Guan Industries Bhd's Return-on-Tangible-Equity compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thong Guan Industries Bhd ranks #175 out of 388 companies for Return-on-Tangible-Equity. This puts Thong Guan Industries Bhd in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.94. Thong Guan Industries Bhd's value of 8.87% is 49.3% above this benchmark. Historically, Thong Guan Industries Bhd's own Return-on-Tangible-Equity has ranged from 6.70 to 14.07 over the past decade. While the company's 10-year median is 10.68 vs. the industry median of 5.94, Thong Guan Industries 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 Packaging & Containers company?
The median Return-on-Tangible-Equity among Packaging & Containers companies is 5.94, based on 388 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. Thong Guan Industries Bhd's current Return-on-Tangible-Equity of 8.87% is 49.3% 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 Thong Guan Industries Bhd and its competitors. For the Packaging & Containers industry, the median Return-on-Tangible-Equity is 5.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thong Guan Industries Bhd's current Return-on-Tangible-Equity is 8.87%, which is 17% below median its own 10-year median of 10.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thong Guan Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Thong Guan Industries Bhd (XKLS:7034) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.70, compared to a current price of RM1.44 — trading 15.3% below its estimated fair value. The current Return-on-Tangible-Equity is 8.87%, which is 17% below median its 10-year median of 10.68 and 49.3% above the Packaging & Containers industry median of 5.94. Thong Guan Industries Bhd's overall GF Score™ is 79/100 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 Thong Guan Industries Bhd (XKLS:7034), the current Return-on-Tangible-Equity is 8.87% 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 Thong Guan Industries Bhd (XKLS:7034) Overvalued in 2026?
Based on GuruFocus' analysis, Thong Guan Industries Bhd stock appears to be undervalued.
The current stock price of RM1.44 is trading 15.3% below its estimated GF Value™ of RM1.70.
GuruFocus considers Thong Guan Industries Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:7034:
Return-on-Tangible-Equity: 8.87% (17% below median its 10-year median of 10.68)
GF Value™: RM1.70 vs. price of RM1.44 (15.3% below fair value)
Industry Position: 49.3% above the Packaging & Containers median (#175 of 388)
No single metric tells the full story. See the XKLS:7034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thong Guan Industries Bhd is a Malaysia-based investment holding company. Along with its subsidiaries, the firm is engaged in the trading of plastic packaging and petroleum products. It operates in two segments, including Plastic products and Food, beverages, and other consumable products. The company generates the majority of the revenue from the plastic products segment, which comprises stretch films, garbage bags, industrial bags, and PVC (Polyvinyl chloride) food wrap. Geographical presence is in Malaysia, Oceania, Europe, North America, other Asian countries, and others.
79GF Score
Get the complete analysis for XKLS:7034
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