JAG Bhd (XKLS:0024) ROE %: 10.50% (As of Mar. 2026) — 377% Above Median


XKLS:0024 JAG Bhd XKLS:0024
39 GF Score
Price RM0.37
GF Value RM0.23
Valuation Significantly Overvalued
! 9 Warning Signs
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What is JAG Bhd ROE %?

JAG Bhd XKLS:0024 39 ROE % is 10.50% as of Mar. 2026, which is 377% above its 10-year median of 2.20. GuruFocus rates XKLS:0024 with a GF Score™ of 39/100 and a GF Value™ of RM0.23 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 234 Waste Management companies, JAG Bhd ranks worse than 60.26% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. JAG Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM21.5 Mil. JAG Bhd's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was RM204.7 Mil. Therefore, JAG Bhd's annualized ROE % for the quarter that ended in Mar. 2026 was 10.50%.

The historical rank and industry rank for JAG Bhd's ROE % or its related term are showing as below:

XKLS:0024' s ROE % Range Over the Past 10 Years
Min: -7.78   Med: 2.2   Max: 9.64
Current: 1.73

During the past 13 years, JAG Bhd's highest ROE % was 9.64%. The lowest was -7.78%. And the median was 2.20%.

XKLS:0024's ROE % is ranked worse than
60.26% of 234 companies
in the Waste Management industry
Industry Median: 4.675 vs XKLS:0024: 1.73

JAG Bhd  (XKLS:0024) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=21.492/204.709
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(21.492 / 258.316)*(258.316 / 355.6605)*(355.6605 / 204.709)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.32 %*0.7263*1.7374
=ROA %*Equity Multiplier
=6.04 %*1.7374
=10.50 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=21.492/204.709
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (21.492 / 29.892) * (29.892 / 33.472) * (33.472 / 258.316) * (258.316 / 355.6605) * (355.6605 / 204.709)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.719 * 0.893 * 12.96 % * 0.7263 * 1.7374
=10.50 %

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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


JAG Bhd ROE % Related Terms


JAG Bhd ROE % Historical Data

* Premium members only.

The historical data trend for JAG Bhd's ROE % 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.

JAG Bhd ROE % Chart

JAG Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.64 4.44 0.55 2.78 -4.24

JAG Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 -12.32 -4.75 -1.11 2.14 10.50

XKLS:0024 vs WM, RSG, WCN: ROE % Comparison

For the Waste Management subindustry, JAG Bhd's ROE %, along with its competitors' market caps and ROE % 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.


JAG Bhd ROE % vs Waste Management Industry

For the Waste Management industry and Industrials sector, JAG Bhd's ROE % distribution charts can be found below:

* The bar in red indicates where JAG Bhd's ROE % falls into.


XKLS:0024
39GF Score
JAG Bhd XKLS:0024
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JAG Bhd ROE % Calculation

JAG Bhd's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=-8.834/( (214.02+202.758)/ 2 )
=-8.834/208.389
=-4.24 %

JAG Bhd's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=21.492/( (202.758+206.66)/ 2 )
=21.492/204.709
=10.50 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder 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. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 10.50% mean?
JAG Bhd (XKLS:0024) has a ROE % of 10.50% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on JAG Bhd and its competitors. This is 377% above median its historical median of 2.20. According to the industry distribution chart, JAG Bhd ranks #141 out of 234 companies in the Waste Management industry, placing it in the top 60.3%.
Is JAG Bhd's ROE % too high?
JAG Bhd's current ROE % of 10.50% is 377% above median its 10-year median of 2.20. The Waste Management industry median ROE % is 4.68. JAG Bhd's value of 10.50% is 124.6% above this industry median. Based on the distribution chart, JAG Bhd ranks #141 out of 234 companies in the Waste Management industry, which is below the industry midpoint. Overall, JAG Bhd has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JAG Bhd's ROE % compare to WM and RSG?
According to the Waste Management industry distribution chart, JAG Bhd ranks #141 out of 234 companies for ROE %. This places JAG Bhd in the lower half of its industry. The industry median ROE % is 4.68. JAG Bhd's value of 10.50% is 124.6% above this benchmark. While the company's 10-year median is 2.20 vs. the industry median of 4.68, JAG 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 ROE % for a Waste Management company?
The median ROE % among Waste Management companies is 4.68, based on 234 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JAG Bhd's current ROE % of 10.50% is 124.6% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on JAG Bhd and its competitors. For the Waste Management industry, the median ROE % is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JAG Bhd's current ROE % is 10.50%, which is 377% above 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 JAG Bhd stock overvalued right now?
Based on GuruFocus' analysis, JAG Bhd (XKLS:0024) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.23, compared to a current price of RM0.37 — trading 58.7% above its estimated fair value. The current ROE % is 10.50%, which is 377% above median its 10-year median of 2.20 and 124.6% above the Waste Management industry median of 4.68. JAG Bhd's overall GF Score™ is 39/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For JAG Bhd (XKLS:0024), the current ROE % is 10.50% 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 JAG Bhd (XKLS:0024) Overvalued in 2026?

Based on GuruFocus' analysis, JAG Bhd stock appears to be overvalued. The current stock price of RM0.37 is trading 58.7% above its estimated GF Value™ of RM0.23. GuruFocus considers JAG Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:0024:

  • ROE %: 10.50% (377% above median its 10-year median of 2.20)
  • GF Value™: RM0.23 vs. price of RM0.37 (58.7% above fair value)
  • GF Score™: 39/100 with 9 warning signs
  • Industry Position: 124.6% above the Waste Management median (#141 of 234)

No single metric tells the full story. See the XKLS:0024 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JAG Bhd Business Description

Address 72A, Jalan Universiti, D65-3A, Block D, Jaya One, Petaling Jaya, SGR, MYS, 46200
JAG Bhd is an investment holding company with five reportable segments: Manufacturing, Trading, Lifestyle and Services; Investment and Property Development. The Manufacturing Segment that derives the majority of revenue involves recycling and manufacturing activities of extraction, production, and refinery of ferrous, non-ferrous, and precious metals via industrial and electronic waste. Trading includes the trading of ferrous and non-ferrous metals. Lifestyle and Services include operating a coin-operated laundry business. Property development includes buying, selling, and renting self-owned or leased real estate land, property development, and project management. It has operations in Malaysia, China, Japan, and Others.
39GF Score

Get the complete analysis for XKLS:0024

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

RM0.37
Price
RM0.23
GF Value