Amway Malaysia Holdings Bhd (XKLS:6351) ROE %: 9.23% (As of Mar. 2026) — 63% Below Median


XKLS:6351 Amway Malaysia Holdings Bhd XKLS:6351
86 GF Score
Price RM4.56
GF Value RM4.84
Valuation Fairly Valued
! 3 Warning Signs
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What is Amway Malaysia Holdings Bhd ROE %?

Amway Malaysia Holdings Bhd XKLS:6351 -0.87% 86 ROE % is 9.23% as of Mar. 2026, which is 63% below its 10-year median of 25.05. GuruFocus rates XKLS:6351 with a GF Score™ of 86/100 and a GF Value™ of RM4.84 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,097 Retail - Cyclical companies, Amway Malaysia Holdings Bhd ranks better than 73.84% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Amway Malaysia Holdings Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM23 Mil. Amway Malaysia Holdings Bhd's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was RM248 Mil. Therefore, Amway Malaysia Holdings Bhd's annualized ROE % for the quarter that ended in Mar. 2026 was 9.23%.

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

XKLS:6351' s ROE % Range Over the Past 10 Years
Min: 15.3   Med: 25.05   Max: 41.3
Current: 15.3

During the past 13 years, Amway Malaysia Holdings Bhd's highest ROE % was 41.30%. The lowest was 15.30%. And the median was 25.05%.

XKLS:6351's ROE % is ranked better than
73.84% of 1097 companies
in the Retail - Cyclical industry
Industry Median: 6.46 vs XKLS:6351: 15.30

Amway Malaysia Holdings Bhd  (XKLS:6351) 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
=22.868/247.746
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(22.868 / 1048.336)*(1048.336 / 505.8565)*(505.8565 / 247.746)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.18 %*2.0724*2.0418
=ROA %*Equity Multiplier
=4.52 %*2.0418
=9.23 %

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
=22.868/247.746
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (22.868 / 32.792) * (32.792 / 29.516) * (29.516 / 1048.336) * (1048.336 / 505.8565) * (505.8565 / 247.746)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6974 * 1.111 * 2.82 % * 2.0724 * 2.0418
=9.23 %

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.


Amway Malaysia Holdings Bhd ROE % Related Terms


Amway Malaysia Holdings Bhd ROE % Historical Data

* Premium members only.

The historical data trend for Amway Malaysia Holdings 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.

Amway Malaysia Holdings Bhd ROE % Chart

Amway Malaysia Holdings 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 16.71 32.74 41.30 32.54 16.05

Amway Malaysia Holdings 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 18.98 3.97 23.82 23.81 9.23

XKLS:6351 vs CASY, WSM, ULTA: ROE % Comparison

For the Specialty Retail subindustry, Amway Malaysia Holdings 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.


Amway Malaysia Holdings Bhd ROE % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Amway Malaysia Holdings Bhd's ROE % distribution charts can be found below:

* The bar in red indicates where Amway Malaysia Holdings Bhd's ROE % falls into.


XKLS:6351
86GF Score
Amway Malaysia Holdings Bhd XKLS:6351
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Amway Malaysia Holdings Bhd ROE % Calculation

Amway Malaysia Holdings 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 )
=45.268/( (308.853+255.194)/ 2 )
=45.268/282.0235
=16.05 %

Amway Malaysia Holdings 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 )
=22.868/( (255.194+240.298)/ 2 )
=22.868/247.746
=9.23 %

* 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 9.23% mean?
Amway Malaysia Holdings Bhd (XKLS:6351) has a ROE % of 9.23% 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 Amway Malaysia Holdings Bhd and its competitors. This is 63% below median its historical median of 25.05. Over the past decade, Amway Malaysia Holdings Bhd's ROE % has ranged from 15.30 to 41.30. According to the industry distribution chart, Amway Malaysia Holdings Bhd ranks #287 out of 1097 companies in the Retail - Cyclical industry, placing it in the top 26.2%.
Is Amway Malaysia Holdings Bhd's ROE % too high?
Amway Malaysia Holdings Bhd's current ROE % of 9.23% is 63% below median its 10-year median of 25.05. Over the past 10 years, this metric has ranged from a low of 15.30 to a high of 41.30. The Retail - Cyclical industry median ROE % is 6.46. Amway Malaysia Holdings Bhd's value of 9.23% is 42.9% above this industry median. Based on the distribution chart, Amway Malaysia Holdings Bhd ranks #287 out of 1097 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Amway Malaysia Holdings Bhd has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Amway Malaysia Holdings Bhd's ROE % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Amway Malaysia Holdings Bhd ranks #287 out of 1097 companies for ROE %. This puts Amway Malaysia Holdings Bhd in the upper half of its industry. The industry median ROE % is 6.46. Amway Malaysia Holdings Bhd's value of 9.23% is 42.9% above this benchmark. Historically, Amway Malaysia Holdings Bhd's own ROE % has ranged from 15.30 to 41.30 over the past decade. While the company's 10-year median is 25.05 vs. the industry median of 6.46, Amway Malaysia Holdings 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 Retail - Cyclical company?
The median ROE % among Retail - Cyclical companies is 6.46, based on 1,097 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. Amway Malaysia Holdings Bhd's current ROE % of 9.23% is 42.9% 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 Amway Malaysia Holdings Bhd and its competitors. For the Retail - Cyclical industry, the median ROE % is 6.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amway Malaysia Holdings Bhd's current ROE % is 9.23%, which is 63% below median its own 10-year median of 25.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amway Malaysia Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Amway Malaysia Holdings Bhd (XKLS:6351) is currently considered Fairly Valued. The stock's GF Value™ is RM4.84, compared to a current price of RM4.56 — trading 5.8% below its estimated fair value. The current ROE % is 9.23%, which is 63% below median its 10-year median of 25.05 and 42.9% above the Retail - Cyclical industry median of 6.46. Amway Malaysia Holdings Bhd's overall GF Score™ is 86/100 with 3 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 Amway Malaysia Holdings Bhd (XKLS:6351), the current ROE % is 9.23% 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 Amway Malaysia Holdings Bhd (XKLS:6351) Overvalued in 2026?

Based on GuruFocus' analysis, Amway Malaysia Holdings Bhd stock appears to be undervalued. The current stock price of RM4.56 is trading 5.8% below its estimated GF Value™ of RM4.84. GuruFocus considers Amway Malaysia Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:6351:

  • ROE %: 9.23% (63% below median its 10-year median of 25.05)
  • GF Value™: RM4.84 vs. price of RM4.56 (5.8% below fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 42.9% above the Retail - Cyclical median (#287 of 1097)

No single metric tells the full story. See the XKLS:6351 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Amway Malaysia Holdings Bhd Business Description

Address 28, Jalan, 51A/223, Petaling Jaya, SGR, MYS, 46100
Amway Malaysia Holdings Bhd is engaged in the distribution of consumer products under the Amway' trademark. The Group has only one business segment which is the distribution of consumer products principally under the Amway trademark. The company manufactures consumer products in the nutrition, beauty and home categories that are sold exclusively through Amway Business Owners. It has taken an initiative with Amway affiliates in Singapore, Thailand, Vietnam, Indonesia, Philippines, and Australia. The company also has an ARTISTRY SUPREME LX Regenerating Cream and Eye Cream under its skincare range and home categories that are sold exclusively through Amway Business Owners.
86GF Score

Get the complete analysis for XKLS:6351

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

RM4.56
Price
RM4.84
GF Value