Tenaga Nasional BhdXKLS:5347 -0.14%84 ROE % is 8.68% as of Mar. 2026, which is 21% above its 10-year median of 7.17. 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 503 Utilities - Regulated companies, Tenaga Nasional Bhd ranks better than 51.09% on this metric.
The historical rank and industry rank for Tenaga Nasional Bhd's ROE % or its related term are showing as below:
XKLS:5347'
s ROE % Range Over the Past 10 Years
Min: 5.15 Med: 7.17 Max: 14.79
Current: 8.86
During the past 13 years, Tenaga Nasional Bhd's highest ROE % was 14.79%. The lowest was 5.15%. And the median was 7.17%.
XKLS:5347's ROE % is ranked better than 51.09% of 503
companies
in the Utilities - Regulated industry
Industry Median: 8.62
vs XKLS:5347: 8.86
Tenaga Nasional Bhd (XKLS:5347) 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:
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.
Tenaga Nasional Bhd ROE % Related Terms
Tenaga Nasional Bhd ROE % Historical Data
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The historical data trend for Tenaga Nasional 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.
For the Utilities - Regulated Electric subindustry, Tenaga Nasional 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.
Tenaga Nasional Bhd ROE % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Tenaga Nasional Bhd's ROE % distribution charts can be found below:
* The bar in red indicates where Tenaga Nasional Bhd's ROE % 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 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.
Tenaga Nasional Bhd (XKLS:5347) has a ROE % of 8.68% 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 Tenaga Nasional Bhd and its competitors. This is 21% above median its historical median of 7.17. Over the past decade, Tenaga Nasional Bhd's ROE % has ranged from 5.15 to 14.79. According to the industry distribution chart, Tenaga Nasional Bhd ranks #246 out of 503 companies in the Utilities - Regulated industry, placing it in the top 48.9%.
Is Tenaga Nasional Bhd's ROE % too high?
Tenaga Nasional Bhd's current ROE % of 8.68% is 21% above median its 10-year median of 7.17. Over the past 10 years, this metric has ranged from a low of 5.15 to a high of 14.79. The Utilities - Regulated industry median ROE % is 8.62. Tenaga Nasional Bhd's value of 8.68% is 0.7% above this industry median. Based on the distribution chart, Tenaga Nasional Bhd ranks #246 out of 503 companies in the Utilities - Regulated industry, which is above 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 ROE % compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Tenaga Nasional Bhd ranks #246 out of 503 companies for ROE %. This puts Tenaga Nasional Bhd in the upper half of its industry. The industry median ROE % is 8.62. Tenaga Nasional Bhd's value of 8.68% is 0.7% above this benchmark. Historically, Tenaga Nasional Bhd's own ROE % has ranged from 5.15 to 14.79 over the past decade. While the company's 10-year median is 7.17 vs. the industry median of 8.62, Tenaga Nasional 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 an Utilities - Regulated company?
The median ROE % among Utilities - Regulated companies is 8.62, based on 503 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. Tenaga Nasional Bhd's current ROE % of 8.68% is 0.7% 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 Tenaga Nasional Bhd and its competitors. For the Utilities - Regulated industry, the median ROE % is 8.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenaga Nasional Bhd's current ROE % is 8.68%, which is 21% above median its own 10-year median of 7.17. 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 ROE % is 8.68%, which is 21% above median its 10-year median of 7.17 and 0.7% above the Utilities - Regulated industry median of 8.62. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Tenaga Nasional Bhd (XKLS:5347), the current ROE % is 8.68% 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:
ROE %: 8.68% (21% above median its 10-year median of 7.17)
GF Value™: RM14.90 vs. price of RM14.38 (3.5% below fair value)
Industry Position: 0.7% above the Utilities - Regulated median (#246 of 503)
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
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