Tenaga Nasional BhdXKLS:5347 -0.14%84 ROA % is 2.19% as of Mar. 2026, which is 0% below its 10-year median of 2.20. GuruFocus rates XKLS:5347 with a GF Score™ of 84/100 and a GF Value™ of RM14.90 (Fairly Valued). The stock has 7 warning signs investors should review. Among 511 Utilities - Regulated companies, Tenaga Nasional Bhd ranks worse than 61.25% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Tenaga Nasional Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM4,390 Mil.
Tenaga Nasional Bhd's average Total Assets over the quarter that ended in Mar. 2026 was RM200,587 Mil. Therefore, Tenaga Nasional Bhd's annualized ROA % for the quarter that ended in Mar. 2026 was 2.19%.
The historical rank and industry rank for Tenaga Nasional Bhd's ROA % or its related term are showing as below:
XKLS:5347'
s ROA % Range Over the Past 10 Years
Min: 1.36 Med: 2.2 Max: 5.89
Current: 2.37
During the past 13 years, Tenaga Nasional Bhd's highest ROA % was 5.89%. The lowest was 1.36%. And the median was 2.20%.
XKLS:5347's ROA % is ranked worse than 61.25% of 511
companies
in the Utilities - Regulated industry
Industry Median: 3.02
vs XKLS:5347: 2.37
Tenaga Nasional Bhd (XKLS:5347) 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.
Tenaga Nasional Bhd ROA % Related Terms
Tenaga Nasional Bhd ROA % Historical Data
* Premium members only.
The historical data trend for Tenaga Nasional Bhd's ROA % 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.
For the Utilities - Regulated Electric subindustry, Tenaga Nasional 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.
Tenaga Nasional Bhd ROA % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Tenaga Nasional Bhd's ROA % distribution charts can be found below:
* The bar in red indicates where Tenaga Nasional 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.
Tenaga Nasional Bhd (XKLS:5347) has a ROA % of 2.19% 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 Tenaga Nasional Bhd and its competitors. This is near median its historical median of 2.20. Over the past decade, Tenaga Nasional Bhd's ROA % has ranged from 1.36 to 5.89. According to the industry distribution chart, Tenaga Nasional Bhd ranks #313 out of 511 companies in the Utilities - Regulated industry, placing it in the top 61.3%.
Is Tenaga Nasional Bhd's ROA % too high?
Tenaga Nasional Bhd's current ROA % of 2.19% is near median its 10-year median of 2.20. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 5.89. The Utilities - Regulated industry median ROA % is 3.02. Tenaga Nasional Bhd's value of 2.19% is 27.5% below this industry median. Based on the distribution chart, Tenaga Nasional Bhd ranks #313 out of 511 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Tenaga Nasional Bhd has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tenaga Nasional Bhd's ROA % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Tenaga Nasional Bhd ranks #313 out of 511 companies for ROA %. This places Tenaga Nasional Bhd in the lower half of its industry. The industry median ROA % is 3.02. Tenaga Nasional Bhd's value of 2.19% is 27.5% below this benchmark. Historically, Tenaga Nasional Bhd's own ROA % has ranged from 1.36 to 5.89 over the past decade. While the company's 10-year median is 2.20 vs. the industry median of 3.02, Tenaga Nasional Bhd has consistently been below 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 an Utilities - Regulated company?
The median ROA % among Utilities - Regulated companies is 3.02, based on 511 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. Tenaga Nasional Bhd's current ROA % of 2.19% is 27.5% below 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 Tenaga Nasional Bhd and its competitors. For the Utilities - Regulated industry, the median ROA % is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenaga Nasional Bhd's current ROA % is 2.19%, which is near median its own 10-year median of 2.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenaga Nasional Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tenaga Nasional Bhd (XKLS:5347) is currently considered Fairly Valued. The stock's GF Value™ is RM14.90, compared to a current price of RM14.38 — trading 3.5% below its estimated fair value. The current ROA % is 2.19%, which is near median its 10-year median of 2.20 and 27.5% below the Utilities - Regulated industry median of 3.02. Tenaga Nasional Bhd's overall GF Score™ is 84/100 with 7 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 Tenaga Nasional Bhd (XKLS:5347), the current ROA % is 2.19% 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 Tenaga Nasional Bhd (XKLS:5347) Overvalued in 2026?
Based on GuruFocus' analysis, Tenaga Nasional Bhd stock appears to be undervalued.
The current stock price of RM14.38 is trading 3.5% below its estimated GF Value™ of RM14.90.
GuruFocus considers Tenaga Nasional Bhd to be Fairly Valued.
Key valuation signals for XKLS:5347:
ROA %: 2.19% (near median its 10-year median of 2.20)
GF Value™: RM14.90 vs. price of RM14.38 (3.5% below fair value)
Industry Position: 27.5% below the Utilities - Regulated median (#313 of 511)
No single metric tells the full story. See the XKLS:5347 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tenaga Nasional Bhd is an electric utility company in Malaysia. The company is involved in the generation, transmission, distribution, and retail of electricity. TNB segments includes Power Generation, Grid, Distribution Network, and Retail. The company encompasses the company's portfolio of thermal and hydroelectric power plants located throughout Malaysia. Through its subsidiaries, TNB also engages in other energy-related operations, such as the manufacturing of transformers. The company generates maximum revenue through the sale of electricity in Malaysia. Its customers are mainly commercial operations, residential consumers, and large industrial entities.
84GF Score
Get the complete analysis for XKLS:5347
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:5347 has been successfully added to your 
