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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Carlsberg Brewery Malaysia Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM396 Mil.
Carlsberg Brewery Malaysia Bhd's average Total Assets over the quarter that ended in Mar. 2026 was RM1,101 Mil. Therefore, Carlsberg Brewery Malaysia Bhd's annualized ROA % for the quarter that ended in Mar. 2026 was 35.93%.
The historical rank and industry rank for Carlsberg Brewery Malaysia Bhd's ROA % or its related term are showing as below:
XKLS:2836'
s ROA % Range Over the Past 10 Years
Min: 21.91 Med: 32.62 Max: 42.74
Current: 35.52
During the past 13 years, Carlsberg Brewery Malaysia Bhd's highest ROA % was 42.74%. The lowest was 21.91%. And the median was 32.62%.
XKLS:2836's ROA % is ranked better than 99.06% of 212
companies
in the Beverages - Alcoholic industry
Industry Median: 2.915
vs XKLS:2836: 35.52
Carlsberg Brewery Malaysia Bhd (XKLS:2836) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Carlsberg Brewery Malaysia Bhd ROA % Related Terms
Carlsberg Brewery Malaysia Bhd ROA % Historical Data
* 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.
For the Beverages - Brewers subindustry, Carlsberg Brewery Malaysia Bhd's ROA %, along with its competitors' market caps and ROA % 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.
Carlsberg Brewery Malaysia Bhd ROA % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Carlsberg Brewery Malaysia Bhd's ROA % distribution charts can be found below:
* The bar in red indicates where Carlsberg Brewery Malaysia Bhd's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Carlsberg Brewery Malaysia Bhd (XKLS:2836) has a ROA % of 35.93% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Carlsberg Brewery Malaysia Bhd and its competitors. This is 10% above median its historical median of 32.62. Over the past decade, Carlsberg Brewery Malaysia Bhd's ROA % has ranged from 21.91 to 42.74. According to the industry distribution chart, Carlsberg Brewery Malaysia Bhd ranks #2 out of 212 companies in the Beverages - Alcoholic industry, placing it in the top 0.90000000000001%.
Is Carlsberg Brewery Malaysia Bhd's ROA % too high?
Carlsberg Brewery Malaysia Bhd's current ROA % of 35.93% is 10% above median its 10-year median of 32.62. Over the past 10 years, this metric has ranged from a low of 21.91 to a high of 42.74. The Beverages - Alcoholic industry median ROA % is 2.92. Carlsberg Brewery Malaysia Bhd's value of 35.93% is 1132.6% above this industry median. Based on the distribution chart, Carlsberg Brewery Malaysia Bhd ranks #2 out of 212 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Carlsberg Brewery Malaysia Bhd has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carlsberg Brewery Malaysia Bhd's ROA % compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Carlsberg Brewery Malaysia Bhd ranks #2 out of 212 companies for ROA %. This places Carlsberg Brewery Malaysia Bhd in the top 1% of its industry — outperforming the majority of peers. The industry median ROA % is 2.92. Carlsberg Brewery Malaysia Bhd's value of 35.93% is 1132.6% above this benchmark. Historically, Carlsberg Brewery Malaysia Bhd's own ROA % has ranged from 21.91 to 42.74 over the past decade. While the company's 10-year median is 32.62 vs. the industry median of 2.92, Carlsberg Brewery 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 ROA % for a Beverages - Alcoholic company?
The median ROA % among Beverages - Alcoholic companies is 2.92, based on 212 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carlsberg Brewery Malaysia Bhd's current ROA % of 35.93% is 1132.6% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Carlsberg Brewery Malaysia Bhd and its competitors. For the Beverages - Alcoholic industry, the median ROA % is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlsberg Brewery Malaysia Bhd's current ROA % is 35.93%, which is 10% above median its own 10-year median of 32.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carlsberg Brewery Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Carlsberg Brewery Malaysia Bhd (XKLS:2836) is currently considered Modestly Undervalued. The stock's GF Value™ is RM19.38, compared to a current price of RM16.10 — trading 16.9% below its estimated fair value. The current ROA % is 35.93%, which is 10% above median its 10-year median of 32.62 and 1132.6% above the Beverages - Alcoholic industry median of 2.92. Carlsberg Brewery Malaysia Bhd's overall GF Score™ is 81/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Carlsberg Brewery Malaysia Bhd (XKLS:2836), the current ROA % is 35.93% 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 Carlsberg Brewery Malaysia Bhd (XKLS:2836) Overvalued in 2026?
Based on GuruFocus' analysis, Carlsberg Brewery Malaysia Bhd stock appears to be undervalued.
The current stock price of RM16.10 is trading 16.9% below its estimated GF Value™ of RM19.38.
GuruFocus considers Carlsberg Brewery Malaysia Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:2836:
ROA %: 35.93% (10% above median its 10-year median of 32.62)
GF Value™: RM19.38 vs. price of RM16.10 (16.9% below fair value)
Industry Position: 1132.6% above the Beverages - Alcoholic median (#2 of 212)
No single metric tells the full story. See the XKLS:2836 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carlsberg Brewery Malaysia Bhd Business Description
Carlsberg Brewery Malaysia Bhd produces and sells beer, stout, cider, shandy, and nonalcoholic malt beverages in Asia. The company produces its products in Malaysia, and nearly all sales are in Malaysia and Singapore. The company also exports products to Sri Lanka, Thailand, Taiwan, and Hong Kong. Carlsberg is the company's flagship brand. Other brands include Kronenbourg 1664, Somersby Ciders, Asahi Dry, Royal Stout, Skol, Jolly Shandy, Nutrimalt, Connor's Stout Porter, and Corona Extra. The company has three segments: Malaysia, Singapore, and Others. It generates the majority of its revenue from the Malaysia segment, which includes manufacturing, marketing, and distribution of both alcoholic and non-alcoholic beverages by entities in Malaysia.
81GF Score
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