White Horse Bhd (XKLS:5009) ROE % Adjusted to Book Value: -24.50% (As of Mar. 2026)


XKLS:5009 White Horse Bhd XKLS:5009
32 GF Score
Price RM0.46
GF Value RM0.59
Valuation Modestly Undervalued
! 2 Warning Signs
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What is White Horse Bhd ROE % Adjusted to Book Value?

White Horse Bhd XKLS:5009 32 ROE % Adjusted to Book Value is -24.50% as of Mar. 2026. GuruFocus rates XKLS:5009 with a GF Score™ of 32/100 and a GF Value™ of RM0.59 (Modestly Undervalued). The stock has 2 warning signs investors should review.

White Horse Bhd's ROE % for the quarter that ended in Mar. 2026 was -5.39%. White Horse Bhd's PB Ratio for the quarter that ended in Mar. 2026 was 0.22. White Horse Bhd's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was -24.50%.


White Horse Bhd ROE % Adjusted to Book Value Related Terms


White Horse Bhd ROE % Adjusted to Book Value Historical Data

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The historical data trend for White Horse Bhd's ROE % Adjusted to Book Value 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.

White Horse Bhd ROE % Adjusted to Book Value Chart

White Horse Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.26 0.57 -11.67 -6.75 -5.24

White Horse Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 -21.14 -1.53 -4.97 12.28 -24.50

XKLS:5009 vs CRH, VMC, MLM: ROE % Adjusted to Book Value Comparison

For the Building Materials subindustry, White Horse Bhd's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.


White Horse Bhd ROE % Adjusted to Book Value vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, White Horse Bhd's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where White Horse Bhd's ROE % Adjusted to Book Value falls into.


XKLS:5009
32GF Score
White Horse Bhd XKLS:5009
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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White Horse Bhd ROE % Adjusted to Book Value Calculation

White Horse Bhd's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-1.31% / 0.25
=-5.24%

White Horse Bhd's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-5.39% / 0.22
=-24.50%

* 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.

What does a ROE % Adjusted to Book Value of -24.50% mean?
White Horse Bhd (XKLS:5009) has a ROE % Adjusted to Book Value of -24.50% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on White Horse Bhd and its competitors.
Is White Horse Bhd's ROE % Adjusted to Book Value too high?
White Horse Bhd's current ROE % Adjusted to Book Value is -24.50%. Overall, White Horse Bhd has a GF Score™ of 32/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does White Horse Bhd's ROE % Adjusted to Book Value compare to CRH and VMC?
White Horse Bhd's ROE % Adjusted to Book Value of -24.50% can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Building Materials company?
A good ROE % Adjusted to Book Value depends on the Building Materials industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on White Horse Bhd and its competitors. White Horse Bhd's current ROE % Adjusted to Book Value is -24.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is White Horse Bhd stock overvalued right now?
Based on GuruFocus' analysis, White Horse Bhd (XKLS:5009) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.59, compared to a current price of RM0.46 — trading 22.9% below its estimated fair value. The current ROE % Adjusted to Book Value is -24.50%. White Horse Bhd's overall GF Score™ is 32/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For White Horse Bhd (XKLS:5009), the current ROE % Adjusted to Book Value is -24.50% 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 White Horse Bhd (XKLS:5009) Overvalued in 2026?

Based on GuruFocus' analysis, White Horse Bhd stock appears to be undervalued. The current stock price of RM0.46 is trading 22.9% below its estimated GF Value™ of RM0.59. GuruFocus considers White Horse Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5009:

  • ROE % Adjusted to Book Value: -24.50%
  • GF Value™: RM0.59 vs. price of RM0.46 (22.9% below fair value)
  • GF Score™: 32/100 with 2 warning signs

No single metric tells the full story. See the XKLS:5009 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


White Horse Bhd Business Description

Address Pasir Gudang Industrial Estate, PLO 464, Jalan Gangsa, Pasir Gudang, JHR, MYS, 81700
White Horse Bhd. is an investment holding company, which is engaged in the manufacturing of ceramic wall, floor tiles and the provision of management services. Its segments include Malaysia, Vietnam, and Others. The Malaysia segment includes the manufacturing and distribution of ceramic homogenous tiles in Malaysia. The Vietnam segment includes the manufacturing and distribution of ceramic homogenous tiles in Vietnam. The other segments include the distribution of ceramic homogenous tiles in Indonesia, the Philippine, Singapore, and Thailand, and China. The product portfolio of the group consists of ceramic wall tiles, ceramic floor tiles and porcelain tiles. It generates the majority of revenue from the Malaysian segment.
32GF Score

Get the complete analysis for XKLS:5009

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM0.46
Price
RM0.59
GF Value